Questions from College Accounting

Q: The cutting department is the first department of BrakeParts Co. On

The cutting department is the first department of BrakeParts Co. On April 1, 20X1, the beginning inventory in this department consisted of 700 units. Costs for the beginning work in process were as fo...

Q: At SanAn Corporation, production is started in the fab department.

At SanAn Corporation, production is started in the fab department. The work is then transferred to the finishing department, where goods are completed and then transferred to the finished goods storer...

Q: At SanAn Corporation, production is started in the fab department.

At SanAn Corporation, production is started in the fab department. The work is then transferred to the finishing department, where goods are completed and then transferred to the finished goods storer...

Q: At SanAn Corporation, production is started in the fab department.

At SanAn Corporation, production is started in the fab department. The work is then transferred to the finishing department, where goods are completed and then transferred to the finished goods storer...

Q: Alpha Company’s records show the following data for the four quarters of

Alpha Company’s records show the following data for the four quarters of 20X1: Compute the fixed and variable elements of utilities cost, using the high-low point method.

Q: James Howard owns Howard Auto Sales. He periodically borrows money from

James Howard owns Howard Auto Sales. He periodically borrows money from Bay City State Bank and Trust. He permits some customers to sign short-term notes for their purchases. He usually discounts thes...

Q: The standard cost card for a unit of Product AX at the

The standard cost card for a unit of Product AX at the Cleaning Chemicals Corp. shows the following standard cost information: Materials: 2 gallons at $12 per gallon $ 24 Labor: 5 hours at $20 per hou...

Q: The standard cost card for a unit of Product AX at the

The standard cost card for a unit of Product AX at the Cleaning Chemicals Corp. shows the following standard cost information: Materials: 2 gallons at $12 per gallon $ 24 Labor: 5 hours at $20 per hou...

Q: In Woodinville Power Corporation’s factory, fixed indirect labor costs are $

In Woodinville Power Corporation’s factory, fixed indirect labor costs are $6,300 per month. Variable indirect labor costs are $1.40 per direct labor hour. The budget for the month of May 20X1 calls f...

Q: In preparing the standard cost for each unit of QS500, the

In preparing the standard cost for each unit of QS500, the company’s only product, the accountant for Total Earth Solvents Corporation has developed the following data for the year 20X1: Total budgete...