Questions from General Accounting

Q: The computer workstation furniture manufacturing that Santana Rey started is progressing well

The computer workstation furniture manufacturing that Santana Rey started is progressing well. At this point, Santana is using a job order costing system to account for the production costs of this pr...

Q: Business Solutions sells upscale modular desk units and office chairs in the

Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit:chair). The selling prices are $1,250 per desk unit and $500 per chair. The variable costs are $750...

Q: Match the ratio to the building block of financial statement analysis to

Match the ratio to the building block of financial statement analysis to which it best relates. A. Liquidity and efficiency B. Solvency C. Profitability D. Market prospects ______ 1. Equity ratio ____...

Q: Identify which of the following six metrics a through f best completes

Identify which of the following six metrics a through f best completes questions 1 through 3 below. a. Days’ sales uncollected b. Accounts receivable turnover c. Working capital d. Return on total ass...

Q: TechPro offers instructional courses in e-commerce website design. The

TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns. Classify each of TechPro’s costs below as (a) variable or fixed and (b) direct...

Q: Match each of the terms/phrases numbered 1 through 5 with

Match each of the terms/phrases numbered 1 through 5 with the best definition on the right. ______ 1. Cost accounting system ______ 2. Target cost ______ 3. Job lot ______ 4. Job ______ 5. Job order p...

Q: Some costs related to Apple’s iPad are listed below. Classify each

Some costs related to Apple’s iPad are listed below. Classify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and administrative expenses. ______ 1....

Q: For each of the following products and services, indicate whether it

For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job order operation. ______ 1. Beach towels ______ 2. Bolts and nuts ______...

Q: Label each item a through h below as a feature of either

Label each item a through h below as a feature of either a job order or process operation. ______ a. Heterogeneous products and services ______ b. Custom orders ______ c. Low production volume ______...

Q: Use the following information about the cash flows of Ferron Company to

Use the following information about the cash flows of Ferron Company to prepare a complete statement of cash flows (direct method) for the year ended December 31, 2015. Use a note disclosure for any n...