Questions from General Accounting

Q: Bellingham Company produces a product that requires 2.5 standard pounds

Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units required 36,000 pounds, which were purchased at $4.00 per pound...

Q: Dvorak Company produces a product that requires 5 standard pounds per unit

Dvorak Company produces a product that requires 5 standard pounds per unit. The standard price is $2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $3.00 per pound, what i...

Q: Bellingham Company produces a product that requires 4 standard hours per unit

Bellingham Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $20 per hour. If 15,000 units required 61,800 hours at an hourly rate of $19.85 per hour, wha...

Q: Dvorak Company produces a product that requires 3 standard hours per unit

Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour, what is t...

Q: Prepare an income statement through gross profit for Bellingham Company for the

Prepare an income statement through gross profit for Bellingham Company for the month ended March 31 using the variance data in Practice Exercises 23-1A through 23-4A. Assume that Bellingham sold 15,0...

Q: Prepare an income statement through gross profit for Dvorak Company for the

Prepare an income statement through gross profit for Dvorak Company for the month ended July 31 using the variance data in Practice Exercises 23-1B through 23-4B. Assume that Dvorak sold 1,000 units a...

Q: Bellingham Company produced 15,000 units of product that required 4

Bellingham Company produced 15,000 units of product that required 4 standard hours per unit. The standard variable overhead cost per unit is $0.90 per hour. The actual variable factory overhead was $5...

Q: Dvorak Company produced 1,000 units of product that required 3

Dvorak Company produced 1,000 units of product that required 3 standard hours per unit. The standard variable overhead cost per unit is $1.40 per hour. The actual variable factory overhead was $4,000....

Q: Blumen Textiles Corporation began April with a budget for 90,000

Blumen Textiles Corporation began April with a budget for 90,000 hours of production in the Weaving Department. The department has a full capacity of 100,000 hours under normal business conditions. Th...

Q: Bellingham Company produced 15,000 units of product that required 4

Bellingham Company produced 15,000 units of product that required 4 standard hours per unit. The standard fixed overhead cost per unit is $1.15 per hour at 58,000 hours, which is 100% of normal capaci...