Questions from General Accounting

Q: Google monitors its fixed overhead. In an analysis of fixed overhead

Google monitors its fixed overhead. In an analysis of fixed overhead cost variances, what is the volume variance?

Q: Identify the usual changes that a company must make when it adopts

Identify the usual changes that a company must make when it adopts a customer orientation.

Q: Each Apple retail store has several departments. Why is it useful

Each Apple retail store has several departments. Why is it useful for its management to (a) collect accounting information about each department and (b) treat each department as a profit center?

Q: Suggest a reasonable basis for allocating each of the following indirect expenses

Suggest a reasonable basis for allocating each of the following indirect expenses to departments: (a) salary of a supervisor who manages several departments, (b) rent, (c) heat, (d) electricity for...

Q: Why does the use of the accelerated depreciation method (instead of

Why does the use of the accelerated depreciation method (instead of straight-line) for income tax reporting increase an investment’s value?

Q: Identify the incremental costs incurred by Apple for shipping one additional iPod

Identify the incremental costs incurred by Apple for shipping one additional iPod from a warehouse to a retail store along with the store’s normal order of 75 iPods.

Q: Assume that Samsung manufactures and sells 60,000 units of a

Assume that Samsung manufactures and sells 60,000 units of a product at $11,000 per unit in domestic markets. It costs $6,000 per unit to manufacture ($4,000 variable cost per unit, $2,000 fixed cost...

Q: Why is an investment more attractive to management if it has a

Why is an investment more attractive to management if it has a shorter payback period?

Q: Why is the present value of $100 that you expect to

Why is the present value of $100 that you expect to receive one year from today worth less than $100 received today? What is the present value of $100 that you expect to receive one year from today, d...

Q: Miami Solar manufactures solar panels for industrial use. The company budgets

Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August. Each unit requires 3 pounds of direct material...