Questions from General Accounting

Q: Emy Fong has been operating a single-product firm for three

Emy Fong has been operating a single-product firm for three years. As this product is now well established in the market, Fong is thinking about adding two new products to her range. Outline the impac...

Q: In the Whine Company, it costs $30 per unit ($

In the Whine Company, it costs $30 per unit ($20 variable and $10 fixed) to make a product that normally sells for $55. A foreign wholesaler offers to buy 3000 units at $35 each. The Whine Company wil...

Q: Lavender Plantations Pty Ltd advertises weekly specials and makes sure that the

Lavender Plantations Pty Ltd advertises weekly specials and makes sure that the shelf space (9 metres) at the entrance to the store showcases these specials. For the current week, its three products a...

Q: Gotrack Company produces compasses for cross-country skiing. The production

Gotrack Company produces compasses for cross-country skiing. The production capacity is 45 000 compasses and the company is currently operating at 85 per cent capacity. Variable manufacturing costs ar...

Q: Nicholas Cash of Advantage Tennis Coaching (ATC) has received an

Nicholas Cash of Advantage Tennis Coaching (ATC) has received an offer from a top-ranked Australian player, Serena Novac, who wishes to spend two months in the beautiful Queensland weather and have 50...

Q: IT Equip sells IT equipment, specialising in printers and projectors.

IT Equip sells IT equipment, specialising in printers and projectors. The following statement reflects the contribution margin of each activity and overall profit levels. Required (a) Calculate the c...

Q: Information for Harbour Industries is provided below. Average selling price

Information for Harbour Industries is provided below. Average selling price per unit ……………………………. $ 10.00 Average variable costs per unit: Cost per unit ………………………………………………………… 5.00 Selling costs ……………...

Q: How does the calculation of break-even differ between single product

How does the calculation of break-even differ between single product and multi-product entities?

Q: Mermaid Enterprises operates a single-product entity. Data relating to

Mermaid Enterprises operates a single-product entity. Data relating to the product for 2019 are as follows. Annual volume ……………………………………………………………….. 64 000 units Selling price per unit ………………………………………...

Q: Lavender Plantations Pty Ltd management plan to introduce detergents to its product

Lavender Plantations Pty Ltd management plan to introduce detergents to its product range in 2022. They have provided the following information relating to the planned activities. Required (a) Calcul...