Questions from General Accounting

Q: MiniTek manufactures private-label small electronic products, such as alarm

MiniTek manufactures private-label small electronic products, such as alarm clocks, calculators, kitchen timers, stopwatches, and automatic pencil sharpeners. Some of the products are sold as sets, an...

Q: Founded in 1983, Beverly Hills Fan Company is located in Woodland

Founded in 1983, Beverly Hills Fan Company is located in Woodland Hills, California. With 23 employees and sales of less than $10 million, the company is relatively small. Management feels that there...

Q: Outsourcing by both manufacturers and service companies is becoming increasingly common.

Outsourcing by both manufacturers and service companies is becoming increasingly common. There are now many firms that specialize in outsourcing consulting. Address: www.alsbridge.com, or go to www.wi...

Q: Diane Buswell is preparing the 2013 budget for one of Current Designs’

Diane Buswell is preparing the 2013 budget for one of Current Designs’ rotomolded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following unit...

Q: Palmer Corporation operates on a calendar-year basis. It begins

Palmer Corporation operates on a calendar-year basis. It begins the annual budgeting process in late August when the president establishes targets for the total dollar sales and net income before taxe...

Q: Elliot & Hesse Inc. manufactures ergonomic devices for computer users.

Elliot & Hesse Inc. manufactures ergonomic devices for computer users. Some of its more popular products include glare screens (for computer monitors), keyboard stands with wrist rests, and carousels...

Q: North Company has completed all of its operating budgets. The sales

North Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of $2,250,000. The total unit cost of making one unit of sales is $25. Sellin...

Q: Network Computing Devices, Inc. was founded in 1988 in Mountain

Network Computing Devices, Inc. was founded in 1988 in Mountain View, California. The company develops software products such as X-terminals, Z-mail, PC X-ware, and related hardware products. The foll...

Q: Information regarding many approaches to budgeting can be found on the Web

Information regarding many approaches to budgeting can be found on the Web. The following activity investigates the merits of “zero-based” budgeting, as discussed by Michael LaFaive, Director of Finan...

Q: The Current Designs staff has prepared the annual manufacturing budget for the

The Current Designs staff has prepared the annual manufacturing budget for the rotomolded line based on an estimated annual production of 4,000 kayaks during 2013. Each kayak will require 54 pounds of...