Questions from General Accounting


Q: Nestlé reports beginning raw materials inventory of 3,815 and ending

Nestlé reports beginning raw materials inventory of 3,815 and ending raw materials inventory of 3,499 (both numbers in millions of Swiss francs). Assume Nestlé purchased 13,860 and used 14,176 (both a...

See Answer

Q: Refer to the information in QS 20-10. Calculate the

Refer to the information in QS 20-10. Calculate the assembly department’s cost per equivalent unit of production for materials and for conversion for November. Use the FIFO method....

See Answer

Q: Why must a company use predetermined overhead rates when using job order

Why must a company use predetermined overhead rates when using job order costing?

See Answer

Q: Refer to the information in QS 20-10. Assign costs

Refer to the information in QS 20-10. Assign costs to the assembly department’s output—specifically, the units transferred out to the painting department and the un...

See Answer

Q: Refer to the information in QS 20-10. Calculate the

Refer to the information in QS 20-10. Calculate the assembly department’s cost per equivalent unit of production for materials and for conversion for November. Use the weighted-avera...

See Answer

Q: The Plastic Flowerpots Company has two manufacturing departments, molding and packaging

The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 2,000 units in inventory, 70% complete as to material...

See Answer

Q: Refer to information in QS 20-18. Using the weighted

Refer to information in QS 20-18. Using the weighted-average method, assign direct materials costs to the molding department’s output—specifically, the units transf...

See Answer

Q: Azule Co. manufactures in two sequential processes, cutting and binding

Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a recent month. Determine the ending balances in the Work in Process Inven...

See Answer

Q: BOGO Inc. has two sequential processing departments, roasting and mixing

BOGO Inc. has two sequential processing departments, roasting and mixing. At the beginning of the month, the roasting department has 2,000 units in inventory, 70% complete as to materials. During the...

See Answer

Q: Refer to QS 20-21. Using the FIFO method,

Refer to QS 20-21. Using the FIFO method, assign direct materials costs to the roasting department’s output—specifically, the units transferred out to the mixing de...

See Answer