Questions from Cost Accounting

Q: What is the difference between a sunk cost and a differential cost

What is the difference between a sunk cost and a differential cost?

Q: What is the difference between short-run and long-run

What is the difference between short-run and long-run decisions? Give one example of each.

Q: When is cost-plus pricing most likely to be used?

When is cost-plus pricing most likely to be used?

Q: Assume that General Dynamics, which manufactures high-technology instruments for

Assume that General Dynamics, which manufactures high-technology instruments for spacecraft, is considering the sale of a navigational unit to a government agency in India that wishes to launch its ow...

Q: Assume that Whee, Cheatham, and Howe is an auditing firm

Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 90 percent learning curve for one of its important tasks, proofreading financial statem...

Q: Refer to the example in Appendix B. The numbers in Exhibit

Refer to the example in Appendix B. The numbers in Exhibit 5.21 for the fifth, sixth, and seventh units were given. In Appendix B Engineers have found the following mathematical relationship for the...

Q: The accounting department of a large limousine company is analyzing the costs

The accounting department of a large limousine company is analyzing the costs of its services. The cost data and level of activity for the past 16 months are presented below: In addition to the abov...

Q: Obtain 13 years of data from the published financial statements of a

Obtain 13 years of data from the published financial statements of a company. You will be able to find the data on the Internet. Also, Moody’s, Standard & Poor’s, and Value-Line are good sources of fi...

Q: Consider a digital music service such as those provided by Amazon or

Consider a digital music service such as those provided by Amazon or Apple. What are some of the major cost categories? Are they mostly fixed or mostly variable?

Q: Using the same data source as in Problem 5-44,

Using the same data source as in Problem 5-44, collect a total of 20 years of data. In Problem 5-44 Obtain 13 years of data from the published financial statements of a company. You will be able to f...