Questions from Cost Accounting

Q: The following financial data have been determined from analyzing the records of

The following financial data have been determined from analyzing the records of Tim’s Brake Co. (a one-product firm): Contribution margin per unit ………………………$ 50 Variable cost per unit …………………………………….4...

Q: Memphis Jazz Company is preparing a pamphlet that will provide information on

Memphis Jazz Company is preparing a pamphlet that will provide information on the types of jazz, jazz terminology, and biographies of some of the better-known jazz musicians. In addition, the pamphlet...

Q: Monet’s Prints has the following revenue and cost functions: Revenue

Monet’s Prints has the following revenue and cost functions: Revenue = $60 per unit Cost =$120,000 $30 per unit a. What is the break-even point in units? b. What is the break-even point in dollars?

Q: Data for the three autonomous divisions of Arizona Mining, Inc.

Data for the three autonomous divisions of Arizona Mining, Inc. for fiscal year 2010 follow. Compute the return on investment for each division.

Q: On April 1, 2010, Topeka Brake Mfg. purchased new

On April 1, 2010, Topeka Brake Mfg. purchased new computer-based production scheduling software for $480,000. On May 15, 2010, a representative of a computerized manufacturing technology company demon...

Q: Double K Corp. has established a 12 percent target ROI for

Double K Corp. has established a 12 percent target ROI for 2010 for its Jamestown Division. The following data have been gathered for the division’s operations for 2010: average total assets, $11,200,...

Q: The manager at Mannie’s Floor Coverings is interested in purchasing a computer

The manager at Mannie’s Floor Coverings is interested in purchasing a computer and software that would allow company salespeople to demonstrate to customers how a finished carpet installation would ap...

Q: Andreka Inc. uses the direct method to allocate support department costs

Andreka Inc. uses the direct method to allocate support department costs to production departments (fabricating and finishing). Information for June 2010 follows. a. What amounts of human resources a...

Q: Lois Jilg, the CEO of Minnesota Manufacturing, was concerned about

Lois Jilg, the CEO of Minnesota Manufacturing, was concerned about the amount the firm had spent on fuel and energy costs in the previous quarter. Jilg called Alice Briggs, the CFO, and expressed her...

Q: In a three-person team, role-play the following

In a three-person team, role-play the following individuals who are visiting a local car dealership: (1) a 19-year-old college student, (2) one-half of a young married couple with two children, and (3...