• Q : Depreciation calculation methods....
    Accounting Basics :

    (1) Calculate depreciation expense for each year of the truck's life using Straight-line depreciation.(2) Calculate depreciation expense for each year of the truck's life using Double-declining-balanc

  • Q : Downsizing major part of the corporate world....
    Accounting Basics :

    Industry downsizing has been a major part of the corporate world, even government agencies are downsizing. GovernmentExecutive.com "covers the business of the federal government and its huge departm

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

    What is the predetermined overhead rate to be used in each department? Show computations.

  • Q : Total cost assigned to job....
    Accounting Basics :

    What is the total cost assigned to job #219? Show computations.

  • Q : Consignment sale transactions....
    Accounting Basics :

    Q1. Prepare summary entries on the books of the cosigner for these consignment sale transactions Q2. Prepare summary entries on the books of the dealer consignee, assuming there is only one dealer inv

  • Q : Determine the materials price variance....
    Accounting Basics :

    Assume that the company computes variances at the earliest point in time. What is the materials price variance?

  • Q : What is the materials price variance....
    Accounting Basics :

    Assume that the company computes variances at the earliest point in time. What is the materials price variance?

  • Q : Step-down method accounting....
    Accounting Basics :

    Assuming that the Danville Manufacturing Company allocates service department 1 costs first, the amount of service department 1 costs allocated to service department 2 under the step-down method wou

  • Q : Predetermined overhead application rate....
    Accounting Basics :

    Problem 1. Determine the company's predetermined overhead application rate. Problem 2. Determine the additions to the Work-in-Process Inventory account for direct material used, direct labor, and ma

  • Q : Dissolving and liquidate the partnership....
    Accounting Basics :

    A, B, and C have capital balances of $80,000, $80,000, and $40,000, respectively. Profits are allocated 40% to A, 40% to B and 20% to C. The partners have decided to dissolve and liquidate the partn

  • Q : Detailing a recent accounting fraud....
    Accounting Basics :

    Problem: Please find an article detailing a recent accounting fraud. Summarize your findings and discuss with your friends or classmates how the situation should have been managed by the accountant.

  • Q : Should the powers of sec be expanded-contracted....
    Accounting Basics :

    Clearly many people believe that the US is generally over regulated and that departments such as the SEC go too far. Others think they do not go far enough. Accounting and financial information and

  • Q : Standard deviation of unit sales....
    Accounting Basics :

    (a) What is the expected value of unit sales for the new product? (Round your answer to 2 decimal places.) (b) What is the standard deviation of unit sales? (Round your final answer to 2 decimal place

  • Q : What is the company margin of safety....
    Accounting Basics :

    Q1. What is the company's margin of safety? (Please show all work so I am able to learn the formulas) Q2. What is the company's margin of safety as a percentage of sales?

  • Q : Variable and absorption costing to compute unit cost....
    Accounting Basics :

    Assume that the company uses variable costing, compute the unit cost for one knife set? (Show all work)

  • Q : Compute the net operating income....
    Accounting Basics :

    Problem 1: Assume that the company uses variable costing, compute the net operating income. (Please show all work). Problem 2: Assume that the company uses the absorption costing, compute the net oper

  • Q : Activity rate for the activity cost pools....
    Accounting Basics :

    Compute the activity rate for each of the activity cost pools: (show computations)

  • Q : Calculate net income or loss....
    Accounting Basics :

    Dividends declared and paid during the year were $62,000. At the end of the year, owners' equality totaled $379,000. Calculate net income or loss for the year;

  • Q : Compute the economic order quantity....
    Accounting Basics :

    For each of the following independent cases, use the equation method to compute the economic order quantity.

  • Q : Problem on variable overhead efficiency variance....
    Accounting Basics :

    1) What is the variable overhead spending variance? Show computations. 2) What is the variable overhead efficiency variance? Show computations.

  • Q : What is meant by abc analysis....
    Accounting Basics :

    Describe what is meant by ABC analysis. What is the purpose of this inventory technique; provide an example.

  • Q : Compute the return on investment....
    Accounting Basics :

    Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover. Show computations.

  • Q : Amount of contribution margin....
    Accounting Basics :

    What is the amount of contribution margin that will be obtained per machine hour on each product?

  • Q : Company net operating income....
    Accounting Basics :

    What effect would accepting this order have on the company's net operating income if a special price of $17 is offered per hoodie for this order? Should the company accept the order?

  • Q : Research the iasb and fasb frameworks....
    Accounting Basics :

    It is important to consider whether its development will meet the needs of users, Research the IASB and FASB frameworks and the Conceptual Framework Project.

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