Questions from Survey Accounting

Q: Dalton Quilting Company makes blankets that it markets through a variety of

Dalton Quilting Company makes blankets that it markets through a variety of department stores. It makes the blankets in batches of 1,000 units. Dalton made 20,000 blankets during the prior accounting...

Q: Townsend Chemical Company makes a variety of cosmetic products, one of

Townsend Chemical Company makes a variety of cosmetic products, one of which is a skin cream designed to reduce the signs of aging. Townsend produces a relatively small amount (15,000 units) of the cr...

Q: Western Boot Co. sells men’s, women’s, and children’s boots

Western Boot Co. sells men’s, women’s, and children’s boots. For each type of boot sold, it operates a separate department that has its own manage...

Q: Lenox Manufacturing Co. produces and sells specialized equipment used in the

Lenox Manufacturing Co. produces and sells specialized equipment used in the petroleum industry. The company is organized into three separate operating branches: Division A, which manufactures and sel...

Q: Bain Corporation makes and sells state-of-the-art

Bain Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpensive calculator. The company’s chief accountant recently prepared the f...

Q: David Catrow is the manufacturing production supervisor for Faraday Motor Works (

David Catrow is the manufacturing production supervisor for Faraday Motor Works (FMW), a company that manufactures electrical motors for industrial applications. Trying to explain why he did not get t...

Q: Sturdy Bike Company makes the frames used to build its bicycles.

Sturdy Bike Company makes the frames used to build its bicycles. During 2018, Sturdy made 20,000 frames; the costs incurred follow. Unit-level materials costs (20,000 units × $35.00)……………….$ 700,000...

Q: Amherst Corporation has three divisions, each operating as a responsibility center

Amherst Corporation has three divisions, each operating as a responsibility center. To provide an incentive for divisional executive officers, the company gives divisional management a bonus equal to...

Q: Spalding Pointers Corporation expects to begin operations on January 1, 2019

Spalding Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sells laser pointers over the Internet. Spalding expects sales in Januar...

Q: Humboldt, Inc. sells fireworks. The company’s marketing director developed

Humboldt, Inc. sells fireworks. The company’s marketing director developed the following cost of goods sold budget for April, May, June, and July. Humboldt had a beginning inventor...