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Author Archives: Anonymous

The Precision Widget Company had the following balances in t…

The Precision Widget Company had the following balances in their accounts at the end of the accounting period: Work-in-Process             $   5,000 Finished Goods                  35,000 Cost of Goods Sold          160,000   If their manufacturing overhead was overallocated by $8,000 and Precision Widget adjusts their accounts using a proration based on total ending balances, the revised ending balance for Cost of Goods Sold would be

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All of the following contributed to the Great Depression exc…

All of the following contributed to the Great Depression except:

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President Lyndon Johnson escalated America’s involvement in…

President Lyndon Johnson escalated America’s involvement in the Vietnam War in response to perceived threats by North Vietnam in what are known as the Gulf of Tonkin Resolutions. 

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Lee Harvey Oswalt was

Lee Harvey Oswalt was

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Costs of abnormal spoilage are usually accounted for as ____…

Costs of abnormal spoilage are usually accounted for as ________. 

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You have broken a law which is out of line with the moral la…

You have broken a law which is out of line with the moral law and you are willing to suffer the consequences by serving the time. In this quotation, Martin Luther King Jr. describes:

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 Describe how you would transform 3750 into a Mayan numeral.

 Describe how you would transform 3750 into a Mayan numeral.

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What was the manufacturing overhead allocated during 2017?

What was the manufacturing overhead allocated during 2017?

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Jean Peck’s Furniture manufactures tables for hospitality se…

Jean Peck’s Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $400 after negotiations. In the month of January, it manufactures 3,200 tables and sells 2,400 tables. Actual fixed costs are the same as the amount of fixed costs budgeted for the month.    The following information is provided for the month of January:           Variable manufacturing costs        $130 per unit                                                     Fixed manufacturing costs       $90,000 per month         Fixed Administrative expenses        $30,000 per month   At the end of the month Jean Peck’s Furniture has an ending inventory of finished goods of 800 units. The company also incurs a sales commission of $11 per unit.   What is the cost of goods sold per unit when using absorption costing?

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Liberty Box Company calculated an indirect-cost rate of $12….

Liberty Box Company calculated an indirect-cost rate of $12.50 per labor hour for fringe benefits for use in their normal costing system. At the end of the year, the actual cost of fringe benefits was $980,000. The total of labor hours worked for the year was the same amount as budgeted, 70,000 hours. If Job #640 required the use of 15 labor hours and the company used the adjusted allocation rate approach, by what amount would the cost of Job #640 change?

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