• Q : Activity based costing study recently....
    Accounting Basics :

    Boing Inc operates a commuter airline, last year the airline flew 10,000 flights and sold 400,000 one way tickits at $ 59 per tickits, total costs amounted to $ 21,600000.

  • Q : Estimate the cash from operations expected in year....
    Accounting Basics :

    All depreciation charges are fixed and are expected to remain the same for year 2. Sales volume is expected to increase by 20 percent, but prices are expected to fall by 6 percent.

  • Q : What is the break even point of each method....
    Accounting Basics :

    A financial analyst is studying the feasiblity of two alternative assembly methods, manual and automated, the automated method has variable operating costs of $2.10 per unit and annual committed cos

  • Q : Explain the actual revenue turns....
    Accounting Basics :

    The following budgeted cost information is for 2013, when revenue is expected to be $201,600.If budgeted revenue and cost relationships dont change in 2013 but actual revenue turns out to be $246,400,

  • Q : Compute the difference between the net present value....
    Accounting Basics :

    The 4 Canon operators are paid $8.10 an hour each. They work a 39-hour week and 50 weeks a year. The machines break down periodically, resulting in annual repair costs of $960 for each machine. Supp

  • Q : The pacific northwest had slowed during recent months....
    Accounting Basics :

    The rate per mile reflects the fact that more miles result in more gas, oil, and maintenance. The rate per truck hour reflects the fact that trucks that are waiting at a jobsite are kept running (so

  • Q : What volum level will management....
    Accounting Basics :

    A financial analyst is studying two packaging systems, basic and Deluxe, the basic system has variable operating costs of $ 6 per unit and annual costs of $ 600,000.

  • Q : Determine how many units of each product must company sells....
    Accounting Basics :

    kalifo comapny manufacures a line of electric garden tools that hardware store sell The company's controller, will Fulton has just received the upcoming years sales forcast for the firm's three prod

  • Q : What is the allocation to job....
    Accounting Basics :

    Using a departmental allocation system with direct labor hours as the cost driver in Department A and machine hours as the cost driver in Department B,what is the allocation to Job 222?

  • Q : The company has a balance in work in process inventory....
    Accounting Basics :

    Prepare summary journal entries to record (i) the requisition slips, (ii) the time tickets, (iii) the assignment of manufacturing overhead to jobs, and (iv) the completion of Job No. 429

  • Q : Why is not equivalent units of production....
    Accounting Basics :

    Why isn't EUP (equivalent units of production) 33,500 instead of 28,500? Since, the BWIP as to weighted average is suppose to always be 100%.

  • Q : Calculate photoking break even point....
    Accounting Basics :

    Photoking transfers old home movies primarily supper 8 film and VHS tape to DVD, the current year's projected sales volume is 2,000 units the company has been selling the services for an average of

  • Q : What will the overhead rate be....
    Accounting Basics :

    Y Company estimates that machines will be operated for 61,000 hours during the year, and 1,500 direct labor hours will be worked during the year. If overhead is allocated on the basis of direct lab

  • Q : What is concord''s annual break even point....
    Accounting Basics :

    Concored manufacturing company uses an activity based costing system, sells 20,000 units per year of Glaxo container at $ 40 each unit level activities cost $ 25 per unit, Facility costs total $ 125

  • Q : What is whitlaws taxable income....
    Accounting Basics :

    Whitlaw Corporation has $150,000 of gross pro?t on sales, operating expenses of $60,000 (excluding cost recovery), $4,000 dividend income from a one percent owned corporation, a $10,000 capital gain

  • Q : Bond premium is amortized on a straight-line basis....
    Accounting Basics :

    On January 1, 2011, Trillini Corporation issued $4,490,000 of 10-year, 10% convertible debentures at 103. Interest is to be paid semiannually on June 30 and December 31.

  • Q : Explain the the number of units produced....
    Accounting Basics :

    Y Company manufactures a single product and is trying to estimate its total manufacturing costs each month. It is estimated that each of unit of the product requires 2.1 pounds of direct material.

  • Q : What would forecasted sales in units and dollars....
    Accounting Basics :

    If this action is taken, he projects that the sales volume for the year will increase by only 10 percent. What would forecasted sales in units and dollars be in 2014 if the projection is correct?

  • Q : Compute the companys after-tax cost of borrowing....
    Accounting Basics :

    Balance sheet $598 million of 5.25 percent note payable due in 2016. Company's income tax rate is approximately 19 percent. How do I compute company's after-tax cost of borrowing on this bond issue

  • Q : What is the break even point sales....
    Accounting Basics :

    Ken's Bicycle shop sells mountain bike for purposes of a cost volum profit analysis the shop owner has divided sales into two categories as follows.

  • Q : Compute the standard cost per driver....
    Accounting Basics :

    A company makes lawn ornaments. The following cost, quantity, and time standards have been set for 2014: Direct materials: 4 board-feet of wood @ $10 per board-foot and 4 feet of leather strip @ $10

  • Q : Compare the data from roses flexible budget....
    Accounting Basics :

    A corporation provides you the following budgeted cost information for April, 2014. Budgeted variable costs Per unit Direct materials $5 Direct labor $4 Overhead $8 Budgeted fixed overhead $90,000 T

  • Q : Compute the standard unit cost for each bag....
    Accounting Basics :

    Gunnie Inc. produces and sells dog food. Each bag contains 20 pounds of dog food. Following additional information is provided by the company:

  • Q : Level of activity amouned....
    Accounting Basics :

    Superior manufacuring produced and sold 50,000 Temperature gauges last year for $ 42 each. This level of activity amouned to 80 percent of the firm's total productive capacity the cost related to th

  • Q : The period is the same as normal capacity direct labor....
    Accounting Basics :

    A company uses direct labor hours to allocate variable and fixed overhead costs. Under which of the following circumstances would the base used to calculate the variable overhead rate be the same as

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