Questions from Cost Accounting

Q: Kessler Brothers produces products for farms and ranches. The administrative and

Kessler Brothers produces products for farms and ranches. The administrative and manufacturing operations occupy the same 240,000-square-foot building. The manufacturing plant uses 180,000 square feet...

Q: Conner’s Fixtures produces and sells a single product, a specialized plumbing

Conner’s Fixtures produces and sells a single product, a specialized plumbing fixture. The business began operations on January 1 this year, and its costs incurred during the year in...

Q: Guilford Boards started operations on March 3. There were no direct

Guilford Boards started operations on March 3. There were no direct materials in inventory as of March 2. Data for the month of March include the following: Required Complete the table.

Q: Chalmers Corporation operates in multiple areas of the globe, and relatively

Chalmers Corporation operates in multiple areas of the globe, and relatively large price changes are common. Presently, the company sells 105,600 units for $50 per unit. The variable production costs...

Q: Yacama Shades supplies sun-blocking shades to home remodeling supply stores

Yacama Shades supplies sun-blocking shades to home remodeling supply stores such as Home Depot and Lowes as well as discounters such as Walmart. The CFO is worried about inflation and the effect on Ya...

Q: Miami Training Support (MTS) produces materials for companies to use

Miami Training Support (MTS) produces materials for companies to use for training new hires as well as advanced training for employees who have been promoted to new positions. Most of the material has...

Q: Maryland Manufacturing (M2) produces a part using an expensive proprietary

Maryland Manufacturing (M2) produces a part using an expensive proprietary machine that can only be leased. The leasing company offers two contracts. The first (unit-rate lease) is one where M2 would...

Q: Southfield Stylers, with three chairs, offers a no-frills

Southfield Stylers, with three chairs, offers a no-frills hair style service at a single price. The price of $25 and the variable cost of $5 per customer remain constant regardless of volume. The owne...

Q: Woodland Wearables produces two models of a smart watch, the Basic

Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have the following characteristics: The total fixed costs per year for the company are $1,440,000. Require...

Q: Rossiter Fittings produces two models of pipe fittings for underwater lines.

Rossiter Fittings produces two models of pipe fittings for underwater lines. The two models (RF-12 and RF-25) have the following characteristics, as developed by a product cost analyst: The total fixe...