Questions from General Accounting

Q: US-Mobile manufactures and sells two products, tablet computers and

US-Mobile manufactures and sells two products, tablet computers and smartphones, in the ratio of 5:3. Fixed costs are $105,000, and the contribution margin per composite unit is $125. What number of e...

Q: Singh Co. reports a contribution margin of $960,000

Singh Co. reports a contribution margin of $960,000 and fixed costs of $720,000. (1) Compute the company’s degree of operating leverage. (2) If sales increase by 15%, what amount of income will Sing...

Q: X-Tel budgets sales of $60,000 for April

X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The...

Q: X-Tel budgets sales of $60,000 for April

X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $6,000 per mo...

Q: Harley-Davidson manufactures 30 custom-made, luxury-model

Harley-Davidson manufactures 30 custom-made, luxury-model motorcycles. Does it account for these motorcycles as 30 individual jobs or as a job lot? Explain.

Q: Champ, Inc., predicts the following sales in units for the

Champ, Inc., predicts the following sales in units for the coming three months: Each month’s ending inventory of finished units should be 60% of the next month’s...

Q: Capital budgeting decisions require careful analysis because they are generally the and

Capital budgeting decisions require careful analysis because they are generally the and decisions that management faces.

Q: The focus in a job order costing system is the job or

The focus in a job order costing system is the job or batch. Identify the main focus in process costing.

Q: Which items are usually assigned a 100% value on (

Which items are usually assigned a 100% value on (a) a common-size balance sheet and (b) a common-size income statement?

Q: When output volume increases, do fixed costs per unit increase,

When output volume increases, do fixed costs per unit increase, decrease, or stay the same within the relevant range of activity? Explain.