Questions from College Accounting


Q: The accountant of Saturn Health Products, LLC, has compiled the

The accountant of Saturn Health Products, LLC, has compiled the following information about the direct labor hours and the indirect labor costs for each month of 20X1: INSTRUCTIONS 1. Compute the mont...

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Q: What journals can be used to enter various merchandise purchase transactions?

What journals can be used to enter various merchandise purchase transactions?

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Q: The accountant for C. Breit Products, Inc., has analyzed

The accountant for C. Breit Products, Inc., has analyzed the manufacturing overhead costs for the company’s assembly department. The fixed and variable costs follow: INSTRUCTIONS 1....

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Q: West Texas Chemical Company manufactures a product called Kylon, which requires

West Texas Chemical Company manufactures a product called Kylon, which requires three raw materials. Production is in batches of 1,000 gallons of finished product. The firm uses standard costs as a co...

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Q: Zack Manufacturing Company makes a product that is processed through two departments

Zack Manufacturing Company makes a product that is processed through two departments: cutting and final. All materials are added in the first department. During the month of March 20X1, the company ma...

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Q: The following data pertains to the operations of Alpha Corporation for the

The following data pertains to the operations of Alpha Corporation for the year ended December 31, 20X1, its first year of operations. Alpha Corporation makes computer equipment. Round ending inventor...

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Q: Texas Controls Inc. began operations in 20X1 to manufacture a single

Texas Controls Inc. began operations in 20X1 to manufacture a single product. There are no ending work-in-process inventories. Relevant data for the year follow: OPERATING DATA FOR 20X1 Quantities: Be...

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Q: Prince Corporation makes a single product that it sells to retail stores

Prince Corporation makes a single product that it sells to retail stores. The firm’s finishing department uses hand labor to perform its work on all products. A proposal has been made by the company’s...

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Q: OZ Innovations, Inc., is currently manufacturing a part that goes

OZ Innovations, Inc., is currently manufacturing a part that goes into its main product. Each year 5,000 of these parts are used. Cost data for the past year that relates to the 5,000 parts are given...

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Q: On July 1, Alfred Herron established Herron Commercial Appraisal Services,

On July 1, Alfred Herron established Herron Commercial Appraisal Services, a firm that provides expert commercial appraisals and represents clients in commercial appraisal hearings. INSTRUCTIONS Analy...

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