Questions from Cost Accounting

Q: Big City Bank processes the checks its customers write at Riverdale Operations

Big City Bank processes the checks its customers write at Riverdale Operations Center (ROC). ROC processed 2,800,000 checks in September. It takes only seconds to process a check, so none are left unp...

Q: Kim & Smith Refiners starts business on March 1. The following

Kim & Smith Refiners starts business on March 1. The following operations data are available for March for the one lubricant it produces: _________________________________Gallons Beginning inventory ....

Q: Cray-Z Consultants provides management accounting advice to not-for

Cray-Z Consultants provides management accounting advice to not-for-profit firms. It employs three levels of consultants, based on experience and education: partner, senior, and associate. When Cray-Z...

Q: What is the purpose of having two manufacturing overhead accounts, the

What is the purpose of having two manufacturing overhead accounts, the Manufacturing Overhead Control and Applied Manufacturing Overhead?

Q: The following data apply to the provision of psychological testing services:

The following data apply to the provision of psychological testing services: Sales price per unit (1 unit = 1 test plus feedback to client) ...................... $ 600 Fixed costs (per month): Sellin...

Q: Old Tyme Soda produces one flavor of a popular local soft drink

Old Tyme Soda produces one flavor of a popular local soft drink. It had no work in process on October 31 in its only inventory account. During November, Old Tyme started 10,000 barrels. Work in proces...

Q: Ideally, what does an allocation base reflect between the overhead cost

Ideally, what does an allocation base reflect between the overhead cost and the activity (production of a product, for example)?

Q: What is continuous flow processing? Give at least three examples of

What is continuous flow processing? Give at least three examples of products that might use continuous flow processing.

Q: Identify a particular support function in a business school (the library

Identify a particular support function in a business school (the library, for example). Discuss possible allocation bases that might be used to allocate costs in the function to programs (degrees) or...

Q: Place the number of the appropriate definition in the blank next to

Place the number of the appropriate definition in the blank next to each concept. Concept ____ Period cost ____ Indirect cost ____ Fixed cost ____ Opportunity cost ____ Outlay cost ____ Direct cost _...