Questions from General Accounting

Q: Easton Corporation makes two different boat anchors—a traditional fishing anchor

Easton Corporation makes two different boat anchors—a traditional fishing anchor and a high-end yacht anchor—using the same production machinery. The contribution margin of the yacht anchor is three t...

Q: Bruno Company accumulates the following data concerning a mixed cost, using

Bruno Company accumulates the following data concerning a mixed cost, using miles as the activity level Compute the variable- and fixed-cost elements using the high-low method.

Q: David Skaros has recently been promoted to production manager, and so

David Skaros has recently been promoted to production manager, and so he has just started to receive various managerial reports. One of the reports he has received is the production cost report that y...

Q: Harrelson Company manufactures pizza sauce through two production departments: Cooking and

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the...

Q: The ledger of Custer Company has the following work in process account

The ledger of Custer Company has the following work in process account. Production records show that there were 400 units in the beginning inventory, 30% complete, 1,400 units started, and 1,500 uni...

Q: Schrager Company has two production departments: Cutting and Assembly. July

Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process—Cutting $2,900, Work in Process—Assembly $10,600, and Finished Goods...

Q: The Cutting Department of Cassel Company has the following production and cost

The Cutting Department of Cassel Company has the following production and cost data for July. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during th...

Q: The Sanding Department of Richards Furniture Company has the following production and

The Sanding Department of Richards Furniture Company has the following production and manufacturing cost data for March 2014, the first month of operation. Production: 9,000 units finished and transfe...

Q: The Blending Department of Luongo Company has the following cost and production

The Blending Department of Luongo Company has the following cost and production data for the month of April Costs: Work in process, April 1 Direct materials: 100% complete ………………………………………$100,000 Conv...

Q: Kostrivas Company has gathered the following information. Units in

Kostrivas Company has gathered the following information. Units in beginning work in process …………………………………………….–0– Units started into production …………………………………………………40,000 Units in e...