• Q : What is the incremental revenue....
    Accounting Basics :

    Peirzynski has the capacity to produce this order and it will not affect any of their other operations. What is the incremental revenue associated with accepting this special order?

  • Q : Assumption of cvp analysis....
    Accounting Basics :

    Which of the following is NOT an assumption of CVP analysis? A. Costs may be separated into separate fixed and variable components. B. Total revenues and total costs are linear in relation to output u

  • Q : Budgeted income statement and balance sheet....
    Accounting Basics :

    A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to be produced, the merchandise or materials to be purchased, the expense

  • Q : Determine the impact on profits next year....
    Accounting Basics :

    Reid has no assurance that the retail chain will purchase additional units in the future. Determine the impact on profits next year if this special order is accepted.

  • Q : Estimated amount of cash receipts for may....
    Accounting Basics :

    If sales are expected to be $100,000 in April, $120,000 in May, and $80,000 in June, what is the estimated amount of cash receipts for May.

  • Q : Actual return on plan assets....
    Accounting Basics :

    Question I. The actual return on plan assets in 2008 was a. $900,000. b. $765,000. c. $600,000. d. $465,000.

  • Q : Company total assets-annual reporting periods....
    Accounting Basics :

    Q1. What were the company's total assets at the end of its two (2) most recent annual reporting periods?

  • Q : Net income using variable costing....
    Accounting Basics :

    Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs t

  • Q : Company contribution margin per unit....
    Accounting Basics :

    During the year the company manufactured 100,000 units and sold 80,000 units. If the average selling price per unit was $22.65 what is the company's contribution margin per unit?

  • Q : Product costs for external reporting purposes....
    Accounting Basics :

    East Company's manufacturing costs for 2008 are as follows: Direct materials $100,000 Direct labor $200,000 Depreciation of factory equipment $50,000 Other fixed manufacturing overhead $75,000 What

  • Q : Minimum transfer price acceptable to box division....
    Accounting Basics :

    Q1. What is the minimum transfer price that would be acceptable to the Box Division? Q2. Assume that by selling the boxed internally, the Box Division would avoid 0.03 of variable costs. Should the

  • Q : Ways of depreciation treat as change in accounting principle....
    Accounting Basics :

    Question 1. Under what conditions is a change in the method of depreciation treated as a change in accounting principle?

  • Q : Life insurance policy problem....
    Accounting Basics :

    Question 1: What type of policy would you suggest for Jeff and Ann? Why? Question 2: In your opinion do Jeff and Ann need additional insurance? Why or why not?

  • Q : Income statement using absorption-variable costing....
    Accounting Basics :

    1. Prepare an income statement using absorption costing. 2. Prepare an income statement using variable costing.

  • Q : What is abc return on investment....
    Accounting Basics :

    ABC Corporation has sales of $1,000,000, gross profit of $550,000, net income of $150,000, average total operating assets of $1,500,000 and fixed assets of $450,000. What is ABC's return on investme

  • Q : Calculate the division operating margins....
    Accounting Basics :

    Allocate the indirect headquarters costs to each division, first using square feet of space and then using segment margin as the allocation base. Calculate the division operating margins after each

  • Q : Cost driver under traditional costing system....
    Accounting Basics :

    What is the overhead rate per machine hour if the number of machine hours is used as a single cost driver under traditional costing system?

  • Q : Disclosure notes....
    Accounting Basics :

    In Howe's December 31, 2006 financial statements, for which the auditor's fieldwork was completed in April 2007, how should this casualty be reported?

  • Q : Gain or loss on the settlement of the debt....
    Accounting Basics :

    (1) Compute the gain or loss to Cole on the settlement of the debt. (2) Compute the gain or loss to Cole on the transfer of the equipment.

  • Q : Comparing performance measures....
    Accounting Basics :

    Discuss how do these companies compare on these performance measures?

  • Q : Price affecting sales of the product....
    Accounting Basics :

    Management has budgeted sales of this product at $495,000. How many cases is that? How many bottles would have to be manufactured? How might an increase in the price affect sales of the product?

  • Q : Calculate the firms earnings before interest and taxes....
    Accounting Basics :

    1. Calculate the firm's earnings before interest and taxes (EBIT) for sales of 10,000 units. 2. Calculate the firm's EBIT for sales of 8,000 and 12,000 units, respectively.

  • Q : Controllable overhead spending variance....
    Accounting Basics :

    The Downtown Company uses standard costing. Variable overhead is applied at $8 per direct labor hour. Data for the month of September follows:? Actual variable overhead costs $78,000. The controllab

  • Q : Describe the purposes of accounting codes....
    Accounting Basics :

    Question 1: What are the purposes of accounting codes? How are they used? Provide an example. Question 2: What type of source documents does the business you work for use for AIS? Are the documents

  • Q : Financial and accounting problems at nasa....
    Accounting Basics :

    Describe the financial and accounting problems at NASA. Provide some recommendations for getting this troubled organization back on track.

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