Questions from General Accounting

Q: First United Bank Inc. is evaluating three capital investment projects using

First United Bank Inc. is evaluating three capital investment projects using the net present value method. Relevant data related to the projects are summarized as follows: Instructions 1. As...

Q: Tannin Products Inc. prepared the following factory overhead cost budget for

Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 20,000 hours for production: Tannin has...

Q: The management of Style Networks Inc. is considering two TV show

The management of Style Networks Inc. is considering two TV show projects. The estimated net cash flows from each project are as follows: After Hours requires an investment of $913,600, while Sun Fun...

Q: Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at

Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs are incurred. Journalize the entries to record the following transactio...

Q: The management of Advanced Alternative Power Inc. is considering two capital

The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: The wind turbines require an investme...

Q: The Assembly Department produced 5,000 units of product during March

The Assembly Department produced 5,000 units of product during March. Each unit required 2.20 standard direct labor hours. There were 11,500 actual hours used in the Assembly Department during March a...

Q: The following data were taken from the records of Griggs Company for

The following data were taken from the records of Griggs Company for December: Administrative expenses …………………………………………………………..$100,800 Cost of goods sold (at standard) …………………………………………………..550,000 D...

Q: In applying the high-low method of cost estimation to mixed

In applying the high-low method of cost estimation to mixed costs, how is the total fixed cost estimated?

Q: Diamond Inc. is an Internet retailer of woodworking equipment. Customers

Diamond Inc. is an Internet retailer of woodworking equipment. Customers order wood- working equipment from the company, using an online catalog. The company processes these orders and delivers the re...

Q: Alpha University wants to monitor the efficiency and quality of its course

Alpha University wants to monitor the efficiency and quality of its course registration process. a. Identify three input and three output measures for this process. b. Why would Alpha University us...