Questions from General Accounting


Q: Lavender Plantations Pty Ltd manufactures and sells candles, soaps and detergents

Lavender Plantations Pty Ltd manufactures and sells candles, soaps and detergents, and distributes them to stores located in Australia and New Zealand. The normal selling price per carton of candles i...

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Q: Waffle House sells ice-cream cones in a variety of flavours

Waffle House sells ice-cream cones in a variety of flavours. Financial data for a recent week are shown below. Revenue (2000 cones @ $2.00) …………………. $4 000 Cost of ingredients ………………………………………. 1 200 R...

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Q: Coffee House sells specialist coffee drinks from a rented cart on the

Coffee House sells specialist coffee drinks from a rented cart on the beachside on the Sunshine Coast. Provided below is a summarised version of its statement of profit or loss for July 2019. The cos...

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Q: Lavender Plantations Pty Ltd manufactures three lavender-based products, candles

Lavender Plantations Pty Ltd manufactures three lavender-based products, candles, soaps and detergents. On average 75 000 candles, 50 000 soaps and 125 000 detergents are sold. Next year, the company...

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Q: Magic Dusters is considering a special order from Stay Clean Ltd for

Magic Dusters is considering a special order from Stay Clean Ltd for a special cleaning product for windows. One ingredient required for the product is Alpha A, which Magic Dusters has in its inventor...

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Q: Magic Dusters has also identified that another ingredient, Delta D (

Magic Dusters has also identified that another ingredient, Delta D (500 litres required), will also be used in the special order for Stay Clean Ltd (see problem 10.47). Unlike Alpha A, Delta D is curr...

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Q: Tartan Company is a single-product entity and provides the summary

Tartan Company is a single-product entity and provides the summary data shown below relating to its product for 2020. Selling price per unit……………………………………………………………….. $ 50 Variable manufacturing costs...

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Q: The management of Kayla Industries have been aggressive in trying to build

The management of Kayla Industries have been aggressive in trying to build market share. The price was set at $5 per unit, well below the existing market price. Variable costs were $4.50 per unit and...

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Q: Soft Mats produces exercise mats for use in fitness centres. Production

Soft Mats produces exercise mats for use in fitness centres. Production capacity is 40 000 mats per year. Due to a chain of fitness centres closing, Soft Mats now has spare capacity of 4000 mats per y...

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Q: What is the main criticism of the balanced scorecard framework?

What is the main criticism of the balanced scorecard framework?

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