Questions from Managerial Accounting

Q: Barb Bach recently graduated from Coral College’s accounting program. She has

Barb Bach recently graduated from Coral College’s accounting program. She has been hired as an analyst by Rainier Ski Co. and one of her first assigned tasks was to evaluate the Colo...

Q: Prospector Company makes three types of long-burning scented candles.

Prospector Company makes three types of long-burning scented candles. The models vary in terms of size and type of materials (fragrance, decorations, etc.). Unit information for Prospector follows: Pr...

Q: Golden Trophy Inc. manufactures trophies and other promotional awards. The

Golden Trophy Inc. manufactures trophies and other promotional awards. The company uses an extrusion process in which metals and plastic are molded into a metal base of different sizes and shapes. Man...

Q: Shasta Co. manufactures designer pillows for college dorm rooms. Each

Shasta Co. manufactures designer pillows for college dorm rooms. Each line of pillow is endorsed by a high-profile sports star and designed with special elements selected by the sports star. During th...

Q: Gold Dust Co. manufactures tablet PCs. The company is currently

Gold Dust Co. manufactures tablet PCs. The company is currently operating at capacity and has received an offer from one of its suppliers to make the 20,000 glass screens it needs for $26 each. Gold D...

Q: Beach Wind Company manufactures kites that sell for $20 each.

Beach Wind Company manufactures kites that sell for $20 each. Each kite requires 2 yards of lightweight canvas, which costs $0.60 per yard. Each kite takes approximately 30 minutes to build, and the l...

Q: Refer to the information in PB8–1. Required:

Refer to the information in PB8–1. Required: Prepare Beach Wind’s budgeted income statement for quarter 2. Data from PB8-1: Beach Wind Company manufactures kites t...

Q: Beach Wind Company had $12,200 cash on hand on

Beach Wind Company had $12,200 cash on hand on April 1. Of its sales, 60 percent is cash. Of the credit sales, 50 percent is collected during the month of the sale and 50 percent is collected during t...

Q: Sereno Company makes piñatas for children’s birthday parties. Information for Sereno’s

Sereno Company makes piñatas for children’s birthday parties. Information for Sereno’s last six months of operation is listed as follows. Required: Prepare the journal entries to record each of the fo...

Q: Boscoe Power Tools manufactures a wide variety of tools and accessories.

Boscoe Power Tools manufactures a wide variety of tools and accessories. One of its more popular craft-related items is the cord free glue gun. Each glue gun sells for $30. Boscoe expects the followin...