Questions from Financial Accounting

Q: Pachec Inc. employs seven salespersons to sell and distribute its product

Pachec Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended June 30 are as follows: I...

Q: Jungle Junior Company manufactures and sells outdoor play equipment. Jungle Junior

Jungle Junior Company manufactures and sells outdoor play equipment. Jungle Junior uses activity-based costing to determine the cost of the sales order processing and the customer return activity. The...

Q: Sterling Hotel uses activity-based costing to determine the cost of

Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. The activity rates associated...

Q: The costs per equivalent unit of direct materials and conversion in the

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $180 and $62, respectively. The equivalent units to be assigned costs are as f...

Q: In July, the cost of materials transferred into the Rolling Department

In July, the cost of materials transferred into the Rolling Department from the Casting Department of Oak Ridge Steel Company is $432,000. The conversion cost for the period in the Rolling Department...

Q: The total factory overhead for Bardot Marine Company is budgeted for the

The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each re...

Q: Lanning Company sells 160,000 units at $45 per unit

Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (A) the contribution margin ratio, (B) the unit contribution margin, and (...

Q: Bigelow Inc. sells a product for $1,200 per

Bigelow Inc. sells a product for $1,200 per unit. The variable cost is $816 per unit, while fixed costs are $3,120,000. Determine (A) the break-even point in sales units and (B) the break-even point i...

Q: Ramirez Company sells a product for $80 per unit. The

Ramirez Company sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $4,850,000. Determine (A) the break-even point in sales units and (B) the sales units required...

Q: Hughes Company has fixed costs of $3,565,000

Hughes Company has fixed costs of $3,565,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company’s two products follow: The sales mix...