Questions from Accounting Principles

Q: Pine Street Inc. makes unfinished bookcases that it sells for $

Pine Street Inc. makes unfinished bookcases that it sells for $62. Production costs are $36 variable and $10 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases a...

Q: Refer back to E27.9 to address the following.

Refer back to E27.9 to address the following. Instructions Prepare a memo to Maria Fierro, your supervisor. Show your calculations from E27.9 (a) and (b). In one or two paragraphs, discuss important...

Q: Zeller Company estimates that 2020 sales will be $40,000

Zeller Company estimates that 2020 sales will be $40,000 in quarter 1, $48,000 in quarter 2, and $58,000 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished go...

Q: Explain the primary difference between line positions and staff positions, and

Explain the primary difference between line positions and staff positions, and give examples of each.

Q: What factors should be considered in setting (a) the

What factors should be considered in setting (a) the direct materials price standard and (b) the direct materials quantity standard?

Q: NuComp Company operates in a state where corporate taxes and workers’ compensation

NuComp Company operates in a state where corporate taxes and workers’ compensation insurance rates have recently doubled. NuComp’s president has just assigned you the task of preparing an economic ana...

Q: Viejol Corporation has collected the following information after its first year of

Viejol Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $250,000 (40% variable and 60% fixed), direct materia...

Q: You are provided with the following information regarding events that occurred at

You are provided with the following information regarding events that occurred at Moore Corporation during 2020 or changes in account balances as of December 31, 2020. a. Depreciation expense was $8...

Q: Jerry Lang is unclear as to the difference between the balance sheets

Jerry Lang is unclear as to the difference between the balance sheets of a merchandising company and a manufacturing company. Explain the difference to Jerry.

Q: Bryant Company has a factory machine with a book value of $

Bryant Company has a factory machine with a book value of $90,000 and a remaining useful life of 5 years. It can be sold for $30,000. A new machine is available at a cost of $400,000. This machine wil...