Questions from General Accounting

Q: The following information is available for Bandera Manufacturing Company for the month

The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured…………………………. $4,490,000 Selling expenses………………………………………………530,000 Ad...

Q: Last year Hever Inc. had sales of $500,000

Last year Hever Inc. had sales of $500,000, based on a unit selling price of $250. The variable cost per unit was $175, and fixed costs were $75,000. The maximum sales within Hever Inc.’s relevant ran...

Q: Micro Tek Inc. is considering an investment in new equipment that

Micro Tek Inc. is considering an investment in new equipment that will be used to manufacture a smartphone. The phone is expected to generate additional annual sales of 4,000 units at $450 per unit. T...

Q: Wolsey Industries Inc. expects to maintain the same inventories at the

Wolsey Industries Inc. expects to maintain the same inventories at the end of 20Y8 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to t...

Q: The materials used by the Multinomah Division of Isbister Company are currently

The materials used by the Multinomah Division of Isbister Company are currently purchased from outside suppliers at $90 per unit. These same materials are produced by the Pembroke Division. The Pembro...

Q: Seymour Clothing Co. manufactures a variety of clothing types for distribution

Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following costs are incurred in the production and sale of blue jeans: a. Shipping b...

Q: The following cost graphs illustrate various types of cost behavior:

The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of u...

Q: For a major university, match each cost in the following table

For a major university, match each cost in the following table with the activity base most appropriate to it. An activity base may be used more than once or not used at all.

Q: From the following list of activity bases for an automobile dealership,

From the following list of activity bases for an automobile dealership, select the base that would be most appropriate for each of these costs: (1) preparation costs (cleaning, oil, and gasoline cost...

Q: At a recent staff meeting, the management of Boost Technologies Inc

At a recent staff meeting, the management of Boost Technologies Inc. was considering discontinuing the Rocket Man line of electronic games from the product line. The chief financial analyst reported t...