Questions from Financial Accounting


Q: Silicon Solutions Inc. manufactures RAM memory chips for personal computers.

Silicon Solutions Inc. manufactures RAM memory chips for personal computers. An activity analysis was conducted, and the following activity costs were identified with the manufacture and sale of memor...

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Q: For the current year ended March 31, Benatar Company expects fixed

For the current year ended March 31, Benatar Company expects fixed costs of $1,250,000, a unit variable cost of $140, and a unit selling price of $100. a. Compute the anticipated break-even sales (uni...

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Q: Digital River Inc. provides cable TV and Internet service to the

Digital River Inc. provides cable TV and Internet service to the local community. The activities and activity costs of Digital Light are identified as follows: Prepare a Pareto chart of these activi...

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Q: A summary of the time tickets for the current month follows:

A summary of the time tickets for the current month follows: Journalize the entry to record the factory labor costs.

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Q: The increases to Work in Process—Roasting Department for Highlands Coffee

The increases to Work in Process—Roasting Department for Highlands Coffee Company for May 2016 as well as information concerning production are as follows: Prepare a cost of produc...

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Q: Rextacular Manufacturing Company reported the following materials data for the month

Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016: Determine the cost of direct materials used in production by Rextacular during the month en...

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Q: The following information is available for Ethtridge Manufacturing Company for the month

The following information is available for Ethtridge Manufacturing Company for the month ending January 31, 2016: Determine Ethtridge’s cost of goods manufactured for the month end...

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Q: Claxon Company owns a machine with a cost of $305,

Claxon Company owns a machine with a cost of $305,000 and accumulated depreciation of $65,000 that can be sold for $262,000, less a 5% sales commission. Alternatively, the machine can be leased by Cla...

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Q: Which of the following are features of a lean manufacturing system?

Which of the following are features of a lean manufacturing system? a. Production pace matches demand b. Centralized work in process inventory locations c. Push scheduling d. Receive raw materials dir...

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Q: Michigan Company sells 10,000 units at $100 per unit

Michigan Company sells 10,000 units at $100 per unit. Variable costs are $75 per unit, and fixed costs are $125,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and...

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