Questions from General Accounting

Q: The following information about the payroll for the week ended December 30

The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co.: Instructions 1. Assuming that the payroll for the last week of the year is...

Q: Glenville Company has the following information for April: Cost

Glenville Company has the following information for April: Cost of direct materials used in production ………. $280,000 Direct labor ………………………………………………………. 324,000 Factory overhead ………………………………………………....

Q: The following data for Throwback Industries Inc. relate to the payroll

The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8: Employees Mantle and Williams are office staff, and all of the other employees are sales...

Q: The following accounts, with the balances indicated, appear in the

The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: The following transactions relating to payroll, payroll deductions, and payr...

Q: The following items were selected from among the transactions completed by O’Donnel

The following items were selected from among the transactions completed by O’Donnel Co. during the current year: Jan. 10. Purchased merchandise on account from Laine Co., $240,000, terms n/30. Feb....

Q: One of the operations in the United States Postal Service is a

One of the operations in the United States Postal Service is a mechanical mail sorting operation. In this operation, letter mail is sorted at a rate of 1.5 letters per second. The letter is mechanical...

Q: The senior management of Tungston Company has proposed the following three performance

The senior management of Tungston Company has proposed the following three performance measures for the company: 1. Net income as a percent of stockholders’ equity 2. Revenue growth 3. Employee sat...

Q: If fixed costs increase, what would be the impact on the

If fixed costs increase, what would be the impact on the (a) contribution margin? (b) income from operations?

Q: You have been asked to investigate some cost problems in the Assembly

You have been asked to investigate some cost problems in the Assembly Department of Ruthenium Electronics Co., a consumer electronics company. To begin your investigation, you have obtained the follow...

Q: Vanadium Audio Inc. is a small manufacturer of electronic musical instruments

Vanadium Audio Inc. is a small manufacturer of electronic musical instruments. The plant manager received the following variable factory overhead report for the period: The plant manager is not pleas...