575 Answered Questions for the topic accounting

Accounting

01/18/15

Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January 2012:
Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January 2012: 1. Purchased office equipment for $1,200 cash. 2. Received cash of $14,000 for services... more
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Accounting

01/18/15

Permanent accounts would not include:
Permanent accounts would not include: A. Accounts Payable. B. Office Supplies. C. Utilities Expense. D. Common Stock.
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01/15/15

Return On Investment Question Managerial Accounting Need Help
The Clipper Corporation had net operating income of $380,000 and average operating assets of $2,000,000. The corporation's minimum required return on new projects is 18%. The U.S. division of the... more
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01/15/15

Average Operating Assets Calculation Question Accounting
Last year, our return on investment equaled 20% ; our residual income equaled $50,000, and our minimum required rate of return (cost of capital) was 12%. What were our average operating assets... more
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01/15/15

Operating Division Allocation Question Need Help
Boudrie Corporation's Maintenance Department provides services to the company's two operating divisions : the Paints Division and the Stains Division. The variable costs of the Maintenance... more
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01/14/15

estimated manufacturing overhead question cost accounting need help tonight!, will give best rating, upvotes!
The Turquoise Company uses predetermined overhead to apply manufacturing overhead to jobs. The predetermined overhead is based on labor cost in Department A and machine hours in Department B. At... more
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01/14/15

units sold question managerial accounting need help tonight
Gray Company produces and sells a single product. The information about their operation for the last month is given below. How many units did they sell during the last month ?   Price :... more
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01/14/15

Make or Buy Decision Question Managerial Accounting
Ahron Company makes 8,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows :   Direct Materials : $14.90 Direct Labor :... more
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01/14/15

Hard Managerial Accounting Question Need Help as soon as possible, will give high rating!
Ruland and Company makes a single product. Each unit requires $55 of direct materials. Factory overhead is applied on 150% of direct labor cost. Two third of factory overhead is fixed. The company... more
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01/14/15

Net Operating Income Managerial Accounting Question Need Help
Mehmet Company sold 60,000 units and earned $40,000 of operating income in the current month. Margin of safety in the current month was 20,000 units. The firm's marketing manager suggest that, if... more
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01/14/15

maximum contribution margin accounting question need help today
Wood Carving Corporation manufactures three products. Because of a recent lack of skilled wood carvers, the corporation has had a shortage of available labor hours. The following per unit data... more
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01/13/15

Managerial Accounting Questions need help by today
Moronta Inc manufactures a single product and is budgeted to produce 1,100 units in the month of March. For material, the product requires a standard quantity of 8 pounds per unit with a standard... more
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01/13/15

Managerial Accounting Tough Question Need Help Today -> Variance
Germosen, Inc. uses a standard cost system with direct labor hours (DLH's) as the application base for manufacturing overhead. Results for the year are below:Prior to start of the year:Standard... more
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01/13/15

Activity Variance Question Need Help
Carnation's Roof Repair has provided the following information concering its budgeted costs:Wages and Salaries Fixed Cost per month : $21,380 Cost Per Repair Hour : $15.80Parts and Supploies Fixed... more
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01/13/15

Actual Purchase Price Per Yard of Material Accounting Need Help Today
Construction Safety Corporation manufactures orange plastic safety suits for road workers . The following information relates to the corporation's purchases and use of materials for the month of... more
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01/10/15

Traditional and ABC Costing Managerial Accounting Need Help -> Will give best answer immediately
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
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01/10/15

Managerial Accounting Standard Hours Question Need Help
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
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01/10/15

Determine budgeted production level in units for past year Managerial Accounting Need Help
Edelweiss Company uses a standard costing system and applies its fixed manufacturing overhead costs to products based on the number of direct labor hours. Some data for last year are given below.... more
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01/10/15

difficult materials quantity variance question need assistance
Moronta Inc manufactures a single product and is budgeted to produce 1,100 units in the month of March. For material, the product requires a standard quantity of 8 pounds per unit with a standard... more
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01/07/15

Accounts Receivable, Accounts Payable, Retained Earnings, and Cash Balance Question Accounting
Answer questions based on following information : HomeExpress sells home building supplies to contractors in Vermont. Data regarding the store's operation is as follows: A) Sales Budget March :... more
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01/07/15

Weighted Average Method Accounting Need Help
Use the following information to answer the following questions :   Morgan Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the... more
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01/07/15

Total Actual Variable Overhead Cost Accounting Need Help
Young Corporation has the following overhead budget for the month of October :  Budgeted Production : 20,000 units Budgeted Machine Hours : 6,000 Budgeted Direct Labor Hours : 8,000   Budgeted... more
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01/07/15

Variable Manufacturing Overhead Rate Variance Accounting Need Help
Luis Corporation uses a standard cost system in which it applies manufacturing overhead to products on basis of machine hours (MH's). The company's standard requires 4 Machine Hours for each unit... more
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01/07/15

Fixed Manufacturing Overhead Volume Variance Accounting Need Help
Germosen, Inc. uses a standard cost system with direct labor hours (DLH's) as the application base for manufacturing overhead. Results for the year are below: Prior to start of the year: Standard... more
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01/07/15

Labor Rate Variance Question Accounting
For the prior month, Ardono Company reported the following : Production: Planned : 12,000 units Actual : 11,500 units Direct Labor Rate : Standard : $15.50 per direct labor hour Actual : $15.45... more
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