Questions from Accounting Principles

Q: A production department reports the following conversion costs. Equivalent units of

A production department reports the following conversion costs. Equivalent units of production for conversion total 450,000 units this period. Calculate the cost per equivalent unit of production for...

Q: Google uses variable costing for several business decisions. How can variable

Google uses variable costing for several business decisions. How can variable costing income be converted to absorption costing income?

Q: An ice cream maker reports the following. Compute the total equivalent

An ice cream maker reports the following. Compute the total equivalent units of production for conversion. The company uses the weighted average method.

Q: Refer to the information in QS 20-8. (a

Refer to the information in QS 20-8. (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO m...

Q: Zia Co. makes flowerpots from recycled plastic in two departments,

Zia Co. makes flowerpots from recycled plastic in two departments, Molding and Packaging. Zia uses the weighted average method, and units completed in the Molding department are transferred to the Pac...

Q: Listed here are three separate series of costs measured at various volume

Listed here are three separate series of costs measured at various volume levels. Examine each series and identify whether it is best described as a fixed, variable, or step-wise cost. Hint: It can he...

Q: Solve for the missing amounts a through d for the following separate

Solve for the missing amounts a through d for the following separate cases.

Q: Coors Company expects sales of $340,000 (4,

Coors Company expects sales of $340,000 (4,000 units at $85 per unit). The company’s total fixed costs are $175,000 and its variable costs are $35 per unit. Compute (a) break-even in units and (b) t...

Q: Match the descriptions 1 through 5 with labels a through e on

Match the descriptions 1 through 5 with labels a through e on the CVP chart. 1. Break-even point 2. Total sales line 3. Loss area 4. Profit area 5. Total costs line

Q: Refer to the CVP chart in QS 21-14 and solve

Refer to the CVP chart in QS 21-14 and solve for each of the items below. 1. Units produced at break-even point 2. Dollar sales at break-even point 3. Capacity in units is there a profit or a l...