63 Answered Questions for the topic accountancy

01/05/15

Standard Hours Allowed For Actual Output Accounting Question
Teana Corporation uses machine hours as its denominator activity for fixed manufacturing overhead. For the most recent year, the company showed the following data: At the beginning of the year... more
Follows • 1
Expert Answers •1

01/04/15

Cash Disbursements and Retained Earnings Question Accounting Need Help
The following data have been taken from the budget reports of Sequioia Company, a merchandising company, which purchases merchandise inventory and sells to customers. The information on the sales... more
Follows • 2
Expert Answers •1

01/04/15

Variable Overhead Rate Variance Accounting Question Need Help
Thomas Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of number of machine hours. The following data pertain to one... more
Follows • 2
Expert Answers •1

01/04/15

Direct Labor Rate Variance Accounting Question
Joseph Company requires 6 direct labor hours for each unit produced and pays $20 per hour. During the last month, the company produced 1,000 units of product and paid a total of $87,120 direct... more
Follows • 2
Expert Answers •1

01/03/15

Fixed Manufacturing Overhead Volume Variance Accounting
A manufacturer of sound equipment uses a standard costing system with fixed manufacturing overhead applied based on Machine Hours. According to their standards, each unit requires 2 Machine... more
Follows • 2
Expert Answers •1

01/03/15

Purchase Price Variance Managerial Accounting Need Help
Carmel Inc has the following standards for the materials used for the production of their core product: Standard Quantity Per Unit of Output : 8.3 lbs Standard Price : 19.15 per pound The... more
Follows • 2
Expert Answers •1

01/03/15

Manufacturing Overhead Managerial Accounting Question
Atlanta Inc. applies manufacturing overhead based on machine hours. The following information is available at the end of the period: Machine Hours Available at Capacity : 79,000 Machine Hours... more
Follows • 2
Expert Answers •1

01/02/15

Ending Inventory Question Managerial Accounting
The data below regards The Bag House, a store that sells bags. Budgeted Sales (credit) : For January, February, and March, are $420,000, $310,000, and $280,000.  Budgeted Collections : 60% in... more
Follows • 3
Expert Answers •2

12/30/14

Cash Borrowing Question Accounting
Foster Inc is wondering if their cash balance might be below their minimum desired balance of $50,000 on May 1. In that case, the company will borrow cash from a bank on the first day of May.... more
Follows • 2
Expert Answers •1

12/30/14

Traditional Costing vs. ABC system Managerial Accounting Question
A company is considering the adoption of an ABC system because the managers suspect that their traditional costing system distorts product costs. The company produces and sells two products,... more
Follows • 1
Expert Answers •1

12/30/14

Percentage of Completion Question Managerial Accounting Need Help
Jimmy Corporation uses the weighted average method in its process costing system. The ending work in process inventory consists of 9,500 units. The ending work in process inventory is 100% complete... more
Follows • 2
Expert Answers •1
Accountancy Managerial Accounting

12/28/14

Managerial Accounting Tough Question
Bruce and Company makes a single product. Each unit requires $50 of direct materials. Factory overhead is applied on the 150% of direct labor cost. One-third of the factory overhead is fixed. There... more
Follows • 1
Expert Answers •1

12/28/14

managerial accounting break-even sales revenue question need help
Lincoln Corporation produces and sells two products : Standard and Deluxe. The info on the two products sold for the last month is given below. The common fixed cost is $15,000.Standard : Sales :... more
Follows • 2
Expert Answers •1

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.