Questions from General Accounting


Q: Mike Trusler has prepared the following list of statements about budgetary control

Mike Trusler has prepared the following list of statements about budgetary control. 1. Budget reports compare actual results with planned objectives. 2. All budget reports are prepared on a weekly bas...

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Q: As sales manager, Joe Batista was given the following static budget

As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Soria Company for the month of October. As a result of this budget repor...

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Q: Kirkland Plumbing Company is a newly formed company specializing in plumbing services

Kirkland Plumbing Company is a newly formed company specializing in plumbing services for home and business. The owner, Lenny Kirkland, had divided the company into two segments: Home Plumbing Service...

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Q: Sales budget data for Palermo Company are given in BE21-2

Sales budget data for Palermo Company are given in BE21-2. Management desires to have an ending finished goods inventory equal to 25% of the next quarter’s expected unit sales. Prepare a production bu...

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Q: Venetian Company has two production departments, Fabricating and Assembling. At

Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate gra...

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Q: Fultz Company’s organization chart includes the president; the vice president of

Fultz Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Fini...

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Q: The Mixing Department manager of Malone Company is able to control all

The Mixing Department manager of Malone Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in alphabeti...

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Q: Deitz Inc. has three divisions which are operated as profit centers

Deitz Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Instructions: (a) Compute the missing amounts. Show...

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Q: The Sports Equipment Division of Harrington Company is operated as a profit

The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2014 at $900,000. The only variable costs budgeted for the division were co...

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Q: The West Division of Nieto Company reported the following data for the

The West Division of Nieto Company reported the following data for the current year. Sales …………………………………..$3,000,000 Variable costs ………………………..1,980,000 Controllable fixed costs ……………600,000 Average...

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