Questions from College Accounting


Q: Wisconsin Manufacturing has an opportunity to export 2,500 units of

Wisconsin Manufacturing has an opportunity to export 2,500 units of its product to a foreign country. The current selling price is $176, but the special order will be sold at a unit price of $110. Thi...

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Q: The standard cost sheet for the leading product made by Queen Corporation

The standard cost sheet for the leading product made by Queen Corporation shows the following data: Direct materials $ 52 Direct labor (3 hours at $23/hour) 69 Manufacturing overhead: Variable costs (...

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Q: Santa Clara Microelectronics is considering the purchase of a new factory machine

Santa Clara Microelectronics is considering the purchase of a new factory machine at a cost of $195,000. The machine would perform a function that is now being performed by hand. The new machine would...

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Q: Harbor Corporation is manufacturing a part that is used in its finished

Harbor Corporation is manufacturing a part that is used in its finished product. The costs for each unit of the part follow: Direct materials $ 34 Direct labor 35 Manufacturing overhead: Variable cost...

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Q: Harbor Corporation is manufacturing a part that is used in its finished

Harbor Corporation is manufacturing a part that is used in its finished product. The costs for each unit of the part follow: Direct materials $ 34 Direct labor 35 Manufacturing overhead: Variable cost...

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Q: Just before Henderson Laboratories opened for business, Eugene Henderson, the

Just before Henderson Laboratories opened for business, Eugene Henderson, the owner, had the following assets and liabilities. Determine the totals that would appear in the firm’s fundamental accounti...

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Q: The fundamental accounting equations for several businesses follow. Supply the missing

The fundamental accounting equations for several businesses follow. Supply the missing amounts.

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Q: Santiago Madrid opened a gym and fitness studio called Perfect Body Fitness

Santiago Madrid opened a gym and fitness studio called Perfect Body Fitness and Spa Center at the beginning of November of the current year. It is now the end of December, and Madrid is trying to dete...

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Q: Indicate the impact of each of the transactions below on the fundamental

Indicate the impact of each of the transactions below on the fundamental accounting equation (Assets = Liabilities + Owner’s Equity) by placing an “Iâ€&#...

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Q: The following financial data are for the dental practice of Dr.

The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. Determine the amounts that would appear in Dr. Ortiz’s balance sheet. 1. Owes $42,000 to th...

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