• Q : Actual quantity of materials -unfavorable quantity variance....
    Accounting Basics :

    During June, 90,000 units were produced. The standard quantity of material allowed per unit was 2 pounds at a standard cost of $5 per pound. If there was an unfavorable quantity variance of $5,000 f

  • Q : What was the actual level of activity achieved....
    Accounting Basics :

    A department has budgeted monthly manufacturing overhead cost of $270,000 plus $3 per direct labor hour. If a flexible budget report reflects $522,000 for total budgeted manufacturing cost for the m

  • Q : Decisions maximize elites net income....
    Accounting Basics :

    Candy Bars sells for $15 per unit, has a variable cost of $3 per unit and it takes 10 minutes to produce one unit. Which of the following decisions would maximize Elite's net income?

  • Q : Mixture of variable and fixed components....
    Accounting Basics :

    Processing costs in the billing department of Alfaro Company are a mixture of variable and fixed components. Records indicate that average unit processing costs are $0.50 per account processed at an

  • Q : Allocates the cost of the setup mechanics....
    Accounting Basics :

    If the company allocates the cost of the setup mechanics based on the number of setups, the setup costs to be allocated to an order of 300,000 Nurturing Face Cream jar covers for Aristedes Cosmetics

  • Q : Compute the net realizable value of the accounts receivable....
    Accounting Basics :

    An analysis and aging of accounts receivable of the Lucille Company at December 31, 2007, showed the following:

  • Q : What is the cost per unit of product a....
    Accounting Basics :

    Matt Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 8,000 units and of Product B is 6,000 units. There are three activity

  • Q : Preparing the variance analysis report....
    Accounting Basics :

    Hieken is preparing the variance analysis report for October. Standard Costs are as follows:

  • Q : What is the equipment''s net present value....
    Accounting Basics :

    A piece of equipment has a cost of $20,000. The equipment will provide cost savings of $3,500 each year for ten years, after which time it will have a salvage value of $2,500. If the company's disco

  • Q : Set-up or dismantling costs....
    Accounting Basics :

    Alternatively, SCCC can rent a pre-fabricated building at a cost of $1000 per month with no set-up or dismantling costs. It will benefit SCCC to build the office if it expects the stadium project to

  • Q : What the machine has a net present value....
    Accounting Basics :

    The company's discount rate is 16%, and the machine will be depreciated using the straight-line method. Given these data, what the machine has a net present value ?

  • Q : Staff responsible for hiring production personnel....
    Accounting Basics :

    Salaries of the human resource staff responsible for hiring production personnel at Dell Computer would be an example of:

  • Q : What is the net present value of this machine....
    Accounting Basics :

    The machine would have no salvage value. what is the net present value of this machine to the nearest whole dollar ?

  • Q : Problem based on retail establishment....
    Accounting Basics :

    Carson Inc., a retail establishment, expects sales of $500,000 of a particular item in March. Its gross profit percentage is 60 percent. The ending inventory in February of this item cost $40,000 an

  • Q : What is the payback period for this machine in years....
    Accounting Basics :

    A company with $800,000 in operating assets is considering the purchase of a machine that costs $75,000 and which is expected to reduce operating costs by $20,000 each year. what is the payback peri

  • Q : What is the budgeted overhead per unit....
    Accounting Basics :

    Expected sales are 40,000 units; expected production is 50,000 units; practical (maximum) capacity is 100,000 units. If Tayla Industries uses a normal costing system and a plantwide predetermined ov

  • Q : Amount on deposit will earn interest annually....
    Accounting Basics :

    Tom wants to retire at the end of this year (2010). His life expectancy is 20 years from his retirement. Tom has come to you, his CPA, to learn how much he should deposit on December 31, 2010 to be

  • Q : What is the internal rate of return on this investment....
    Accounting Basics :

    Overland Company has gathered the following data on a proposed investment project:what is the internal rate of return on this investment ?

  • Q : Compute the pension expense recognized....
    Accounting Basics :

    Compute the pension expense recognized in 2011. Assume the prior service cost is amortized over the average remaining service life of the employees.

  • Q : Unfavorable materials-quantity variance based problem....
    Accounting Basics :

    The standards for one unit of Titactium specify six pounds of materials at $0.30 per pound. Actual production in November was 3,100 units of Titactium. There was a favorable materials price variance

  • Q : What is the price-earnings ratio....
    Accounting Basics :

    The following data have been taken from your company's financial records for the current year:what is the price-earnings ratio ?

  • Q : What is the target cost reduction....
    Accounting Basics :

    The selling price per unit will be $50. They estimate the variable cost per unit to be $30, and total fixed costs to be $1,000,000. Their required return is 20% of the selling price. What is their t

  • Q : What is the dividend yield ratio....
    Accounting Basics :

    Information concerning the common stock of Morris Company as of the end of the company's fiscal year is presented below.

  • Q : Plantwide predetermined overhead rate....
    Accounting Basics :

    Expected sales are 40,000 units; expected production is 50,000 units; practical (maximum) capacity is 100,000 units. If Kiki Co. uses a normal costing system and a plantwide predetermined overhead r

  • Q : An example of an economic entity us a"....
    Accounting Basics :

    An example of an economic entity us a" a. town. b. business. c. nonprofit hospital. d. church

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