Questions from Cost Accounting

Q: What are two ways that an under- or over applied factory

What are two ways that an under- or over applied factory overhead balance can be disposed of at the end of a fiscal period? How can one decide which method to choose?

Q: What are factory overhead expenses, and what distinguishes them from other

What are factory overhead expenses, and what distinguishes them from other manufacturing costs? What other terms are used to describe factory overhead expenses?

Q: What are three categories of factory overhead expenses? Give examples of

What are three categories of factory overhead expenses? Give examples of each.

Q: What are the distinguishing characteristics of variable, fixed, and semi

What are the distinguishing characteristics of variable, fixed, and semi variable factory overhead costs?

Q: When a product’s cost is composed of both fixed and variable costs

When a product’s cost is composed of both fixed and variable costs, what effect does the increase or decrease in production has on per unit cost?

Q: Bristol Manufacturing, Inc., uses the job order cost system of

Bristol Manufacturing, Inc., uses the job order cost system of accounting. The following information was taken from the company’s books after all posting had been completed at the en...

Q: What effect does a change in volume have on total variable,

What effect does a change in volume have on total variable, fixed, and semi variable costs?

Q: What are the advantages and disadvantages of the scattergraph method as compared

What are the advantages and disadvantages of the scattergraph method as compared to the high-low method?

Q: In P3-11, prepare the entries to distribute the weekly

In P3-11, prepare the entries to distribute the weekly payroll and the costs and liabilities related to the bonus, vacation, and holiday pay, assuming that the fringe benefits of the direct laborers a...

Q: Clark Kent, Inc., buys crypton for $0.80

Clark Kent, Inc., buys crypton for $0.80 a gallon. At the end of processing in Dept. 1, crypton splits off into products A, B, and C. Product A is sold at the split-off point with no further processin...