Questions from General Accounting

Q: Dalby Company has accumulated the following budget data for the year 2014

Dalby Company has accumulated the following budget data for the year 2014. 1. Sales: 30,000 units, unit selling price $85. 2. Cost of one unit of finished goods: direct materials 2 pounds at $5 per po...

Q: Jacque Company accumulated the following standard cost data concerning product I-

Jacque Company accumulated the following standard cost data concerning product I-Tal. Direct materials per unit: 2 pounds at $5 per pound Direct labor per unit: 0.2 hours at $15 per hour Manufacturing...

Q: Vilas Company is considering a capital investment of $190,000

Vilas Company is considering a capital investment of $190,000 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is...

Q: Voorhees, Inc. reports the following financial information.

Voorhees, Inc. reports the following financial information. Average operating assets …………………………………. $3,000,000 Controllable margin ……………………………………………$ 660,000 Minimum rate of return ………………………………………………...

Q: Palermo Company estimates that unit sales will be 10,000 in

Palermo Company estimates that unit sales will be 10,000 in quarter 1; 12,000 in quarter 2; 15,000 in quarter 3; and 18,000 in quarter 4. Using a sales price of $70 per unit, prepare the sales budget...

Q: The Wellstone Division operates as a profit center. It reports the

The Wellstone Division operates as a profit center. It reports the following for the year. Prepare a responsibility report for the Wellstone Division at December 31, 2014.

Q: The standard cost of product 777 includes 2 units of direct materials

The standard cost of product 777 includes 2 units of direct materials at $6.00 per unit. During August, the company bought 29,000 units of materials at $6.30 and used those materials to produce 16,000...

Q: For Roche Inc., variable manufacturing overhead costs are expected to be

For Roche Inc., variable manufacturing overhead costs are expected to be $20,000 in the first quarter of 2014, with $5,000 increments in each of the remaining three quarters. Fixed overhead costs are...

Q: Noble Company classifies its selling and administrative expense budget into variable and

Noble Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $22,000 in the first quarter, and $4,000 increments are...

Q: Pierre’s Hair Salon is considering opening a new location in French Lick

Pierre’s Hair Salon is considering opening a new location in French Lick, California. The cost of building a new salon is $300,000. A new salon will normally generate annual revenues of $70,000, with...