Questions from General Accounting

Q: Information concerning The Rock Company is provided in BE19-16.

Information concerning The Rock Company is provided in BE19-16. What are the total product costs for the company under absorption costing? BE19-16: Direct materials …………………………………………….$14,400 Direct l...

Q: Burns Company incurred the following costs during the year: direct materials

Burns Company incurred the following costs during the year: direct materials $20 per unit; direct labor $14 per unit; variable manufacturing overhead $15 per unit; variable selling and administrative...

Q: Wesland Corp. had total variable costs of $175,000

Wesland Corp. had total variable costs of $175,000, total fixed costs of $120,000, and total revenues of $250,000. Compute the required sales in dollars to break even.

Q: Dilts Company has a unit selling price of $400, variable

Dilts Company has a unit selling price of $400, variable costs per unit of $250, and fixed costs of $210,000. Compute the break-even point in units using (a) the mathematical equation and (b) contribu...

Q: For Ortega Company, variable costs are 60% of sales,

For Ortega Company, variable costs are 60% of sales, and fixed costs are $210,000. Management’s net income goal is $60,000. Compute the required sales needed to achieve management’s target net income...

Q: For Kosko Company actual sales are $1,200,000

For Kosko Company actual sales are $1,200,000 and break-even sales are $960,000. Compute (a) the margin of safety in dollars and (b) the margin of safety ratio.

Q: Markowis Corporation sells three different models of mosquito “zapper.” Model

Markowis Corporation sells three different models of mosquito “zapper.” Model A12 sells for $50 and has variable costs of $40. Model B22 sells for $100 and has variablecosts of $70. Model C124 sells f...

Q: Information for Markowis Corporation is given in BE19-7. If

Information for Markowis Corporation is given in BE19-7. If the company has fixed costs of $213,000, how many units of each model must the company sell in order to break even?

Q: The gross earnings of the factory workers for Vargas Company during the

The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer’s payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by...

Q: After graduating, you might decide to start a small business.

After graduating, you might decide to start a small business. As discussed in this chapter, owners of any business need to know how to calculate the cost of their products. In fact, many small busines...