Showing 31 to 40 of 924 Questions
  • The Devon Motor Company produces motorcycles. During April, the company purchased 8,000 batteries at a cost of $10 per battery. Devon withdrew 7,600 batteries from the storeroom during the month. Of these 100 were used to replace batteries in motorcycles used by the company’s traveling sales staff. The remaining 7,500 batteries withdraw

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    704
  • The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:Costs incurred:Direct labor cost.......... $70,000 Purchases of raw materials .......$118,000 Indirect labor........... $30,000 Maintenance, factory equipment..... $6,000 Advertising expense.....

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    1044
  • Below are listed various costs that are found in organizations.1. Hamburger buns in a Wendy’s outlet.2. Advertising by a dental office.3. Apples processed and canned by Del Monte.4. Shipping canned apples from a Del Monte plant to customers.5. Insurance on a Bausch & Lomb factory producing contact lenses.6. Insurance on IBM’s corporat

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  • Paul Clark is employed by Aerotech Products and assembles a component part for one of the company’s product lines. He is paid $14 per hour for regular time and time and a half (i.e., $21 per hour) for all work in excess of 40 hours per week.Required:1. Assume that during a given week Paul in idle for five hours due to machine breakdowns

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  • Listed below are a number of costs typically found in organizations.1. Property taxes, factory.2. Boxes used for packaging detergent produced by the company.3. Salespersons’ commissions.4. Supervisor’s salary, factory.5. Depreciation, executive autos.6. Wages of workers assembling computers.7. Insurance, finished goods warehouses.8. L

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    879
  • Mark Hansen is employed by Eastern Products, Inc., and works on the company’s assembly line. Mark’s basic wage rate is $20 per hour. The company’s union contract states that employees are to be paid time and a half (i.e., $30 per hour) for any work in excess of 40 hours per week.Required: 1. Suppose that in a given week Mark works 4

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    234
  • Wollongong Group Ltd, of New South Wales, Australia, acquired its factory building about 10 years ago. For several years the company has rented out a small annex attached to the rear of the building. The company has received a rental income of $30.000 per year on this space. The renter’s lease will expire soon, and rather than renewing

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  • Various costs associated with the operation of factories are given below:1. Electricity used in operating machines.2. Rent on a factory building.3. Cloth used to drapery production.4. Production superintendent’s salary.5. Wages of laborers assembling a product.6. Depreciation of air purification equipment used in furniture production.7.

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    414
  • Various costs associated with the operation of factories are given below:1. Electricity used in operating machines.2. Rent on a factory building.3. Cloth used to drapery production.4. Production superintendent’s salary.5. Wages of laborers assembling a product.6. Depreciation of air purification equipment used in furniture production.7.

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    231
  • Various cost and sales data for Meriwell Company for the just completed year appear in the worksheet below: Finished goods inventory, beginning  $20,000 Finished goods inventory, ending $40,000 Depreciation, factory $27,000 Administrative expenses$110,000 Utilities, factory $8,000 Maintenance, factory  $40,000

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    1043