Questions from Cost Accounting

Q: A company has prepared the following statistics regarding its production and sales

A company has prepared the following statistics regarding its production and sales at different capacity levels. 1. At what point is break-even reached in sales dollars? In units? 2. If the company i...

Q: Lewis Products, Inc., desires to earn an after-tax

Lewis Products, Inc., desires to earn an after-tax income of $150,000. It has fixed costs of $1,000,000, a unit sales price of $500, and unit variable costs of $200. The company is in the 30% tax brac...

Q: Fill in the missing figures for each of the following independent cases

Fill in the missing figures for each of the following independent cases:

Q: Dribble, Inc., manufactures basketballs. The company’s forecasted income statement

Dribble, Inc., manufactures basketballs. The company’s forecasted income statement for the year, before any special orders, is as follows: Fixed costs included in the forecasted inc...

Q: Alpha Company needs 20,000 units of a certain part to

Alpha Company needs 20,000 units of a certain part to use in its production cycle. The following information is available: Cost to Alpha to make the part: Direct materials . . . . . . . . . . . . . ....

Q: Julian Manufacturing, Inc., wishes to determine the profitability of its

Julian Manufacturing, Inc., wishes to determine the profitability of its products and asks the cost accountant to make a comparative analysis of sales, cost of sales, and distribution costs of each pr...

Q: Lynne Products Company uses a process cost system and applies actual factory

Lynne Products Company uses a process cost system and applies actual factory overhead to work in process at the end of the month. The following data came from the records for the month of March: Direc...

Q: Using the information presented in E10-1 Prepare comparative income statements

Using the information presented in E10-1 Prepare comparative income statements for March (a) under absorption costing and (b) Under variable costing. Information presented in E10-1 Lynne Products Comp...

Q: The chief executive officer (CEO) of Button Corporation attended a

The chief executive officer (CEO) of Button Corporation attended a conference in which one of the sessions was devoted to variable costing. The CEO was impressed by the presentation and has asked that...

Q: The following production data came from the records of LeShaq Athletic Enterprises

The following production data came from the records of LeShaq Athletic Enterprises for the year ended December 31, 2011: Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....