Entries by Hannah Wangui

PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles

March 13, 2020 in /by

PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Sales price Mountain Monster         $5,400.00 Desert Dragon                  $5,300.00 Variable cost of goods sold Mountain Monster         3,255.00 […]

 

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Standard Product Cost, Direct Materials

March 13, 2020 in /by

Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards:   Standard Quantity Standard Price Whole tomatoes 2,500 lbs. $ 0.44 per lb. Vinegar 140 gal. $ 2.70 per gal. Corn syrup 12 gal. $ 9.80 per gal. […]

 

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Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante.

March 13, 2020 in /by

Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI of $133,895. The couple paid $8,760 of tuition and $4,980 for room and board for Dante, a fulltime first-year student at Serene College. For 2017, Paola and Isidora may claim an American Opportunity […]

 

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Professional Code of Conduct.

March 13, 2020 in /by

After reviwing the terms and definitions identified in the “Principles of Professional Conduct” section of the preamble to the AICPA Professional Code of Conduct. Select one of the principles (e.g., responsibilities, public interest, integrity, objectivity and independence, due care, or scope and nature of services) and compare a current event that demonstrates that principle being threatened […]

 

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