Questions from Accounting Principles


Q: Optimus Company manufactures a variety of tools and industrial equipment. The

Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for...

See Answer

Q: Durham Company uses a responsibility reporting system. It has divisions in

Durham Company uses a responsibility reporting system. It has divisions in Denver, Seattle, and San Diego. Each division has three production departments: Cutting, Shaping, and Finishing. The responsi...

See Answer

Q: Sentinel Industries has manufactured prefabricated houses for over 20 years. The

Sentinel Industries has manufactured prefabricated houses for over 20 years. The houses are constructed in sections to be assembled on customers’ lots. Sentinel expanded into the pre...

See Answer

Q: Data for Nosker Company are presented in P17.7A. Further

Data for Nosker Company are presented in P17.7A. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were pa...

See Answer

Q: Condensed financial data of Cheng Inc. follow. /

Condensed financial data of Cheng Inc. follow. Additional information: 1. New equipment costing $85,000 was purchased for cash during the year. 2. Old equipment having an original cost of $57,500 w...

See Answer

Q: Rogen Corporation manufactures a single product. The standard cost per unit

Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—1 pound plastic at $7.00 per pound ………………………… $ 7.00 Direct labor—1.6 hours at...

See Answer