Questions from Cost Accounting

Q: Tech-Elec Manufacturing Company estimates the following labor and overhead costs

Tech-Elec Manufacturing Company estimates the following labor and overhead costs for the period: Variable overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4...

Q: Using the data provided, / /

Using the data provided, Calculate the overhead cost variances under the three-variance method.

Q: Wausau Furniture Company uses a standard cost system in accounting for its

Wausau Furniture Company uses a standard cost system in accounting for its production costs. The standard cost of a unit of furniture follows: The following flexible monthly overhead budget applies:...

Q: Ichiro Inspections, Inc., specializes in determining whether a building or

Ichiro Inspections, Inc., specializes in determining whether a building or house’s drain pipes are properly tied into the city’s sewer system. The company pours colored chemical through the pipes and...

Q: Folsom Fabricators, Inc., uses a standard cost system to account

Folsom Fabricators, Inc., uses a standard cost system to account for its single product. The standards established for the product include the following: Materials . . . . . . . . . . . . . . . . . ....

Q: Accelerator, Inc., manufactures a fuel additive, Surge, that

Accelerator, Inc., manufactures a fuel additive, Surge, that has a stable selling price of $44 per drum. The company has been producing and selling 80,000 drums per month. In connection with your exam...

Q: Prado Corporation manufactures and sells a single product. The company uses

Prado Corporation manufactures and sells a single product. The company uses a standard cost system. The standard cost per unit of product follows: Materials—1 lb plastic@$3.00 . . . . . . . . . . . ....

Q: Sinaloa Products Co. uses the process cost system. A record

Sinaloa Products Co. uses the process cost system. A record of the factory operations for the month of October follows: Production Summary Units Started in process . . . . . . . . . . . . . . . . . ....

Q: Stylized Products, Inc., uses a standard cost system in accounting

Stylized Products, Inc., uses a standard cost system in accounting for the cost of production of its only product, Suave. The standards for the production of one unit of Suave follow: Direct materials...

Q: TBA Products Company manufactures a variety of products made of plastic and

TBA Products Company manufactures a variety of products made of plastic and aluminum components. During the winter months, substantially all of the production capacity is devoted to the production of...