Questions from General Accounting

Q: Data for Maris Company are given in BE22-1. In

Data for Maris Company are given in BE22-1. In the second quarter, budgeted sales were $380,000, and actual sales were $384,000. Prepare a static budget report for the second quarter and for the year...

Q: In October, Roby Company reports 21,000 actual direct labor

In October, Roby Company reports 21,000 actual direct labor hours, and it incurs $118,000 of manufacturing overhead costs. Standard hours allowed for the work done is 20,400 hours. The predetermined o...

Q: Kobe Company has a factory machine with a book value of $

Kobe Company has a factory machine with a book value of $90,000 and a remaining useful life of 5 years. It can be sold for $30,000. A new machine is available at a cost of $300,000. This machine will...

Q: Journalize the following transactions for Combs Company. (a)

Journalize the following transactions for Combs Company. (a) Purchased 6,000 units of raw materials on account for $11,500. The standard cost was $12,000. (b) Issued 5,600 units of raw materials for p...

Q: For its three investment centers, Kaspar Company accumulates the following data

For its three investment centers, Kaspar Company accumulates the following data Compute the return on investment (ROI) for each center.

Q: Some overhead data for Roby Company are given in BE23-6

Some overhead data for Roby Company are given in BE23-6. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $4 variable per direct labor hour and $50,000 fixed. Comp...

Q: Using the data in BE23-6 and BE23-10,

Using the data in BE23-6 and BE23-10, compute the overhead volume variance. Normal capacity was 25,000 direct labor hours Data in BE23-6 and BE23-10: In October, Roby Company reports 21,000 actual di...

Q: Caine Bottling Corporation is considering the purchase of a new bottling machine

Caine Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $200,000 and has an estimated useful life of 8 years with zero salvage value. Management estima...

Q: Tang Company accumulates the following data concerning raw materials in making one

Tang Company accumulates the following data concerning raw materials in making one gallon of finished product: (1) Price—net purchase price $2.30, freight-in$0.20, and receiving and handling $0.10....

Q: Labor data for making one gallon of finished product in Tang Company

Labor data for making one gallon of finished product in Tang Company are as follows: (1) Price—hourly wage rate $13.00, payroll taxes $0.80, and fringe benefits $1.20. (2) Quantity—actual production t...