Questions from Cost Accounting

Q: Mountainair Construction Company (MCC) crushes boulders to obtain decorative rock

Mountainair Construction Company (MCC) crushes boulders to obtain decorative rock, which they sell through various outlets. The process produces three grades of rock, which are viewed as joint product...

Q: Newcastle Mining Company (NMC) mines coal, puts it through

Newcastle Mining Company (NMC) mines coal, puts it through a one-step crushing process, and loads the bulk raw coal onto river barges for shipment to customers. NMC’s management is...

Q: Arnold Technologies manufactures a variety of flash memory chips at its main

Arnold Technologies manufactures a variety of flash memory chips at its main plant in Taiwan. Some chips are sold to makers of electronic equipment while others are embedded into consumer products for...

Q: Kardash Cosmetics purchases flowers in bulk and processes them into perfume.

Kardash Cosmetics purchases flowers in bulk and processes them into perfume. From a certain mix of petals, the firm uses Process A to generate Seduction, its high-grade perfume, as well as a certain r...

Q: Louisville Sports manufactures baseball bats for use by players in the major

Louisville Sports manufactures baseball bats for use by players in the major leagues. A critical requirement for elite players is that each bat they use have an identical look and feel. As a result, L...

Q: Hoffman Company manufactures car seats in its Boise plant. Each car

Hoffman Company manufactures car seats in its Boise plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. The process...

Q: Required: Prepare a set of summarized journal entries for all

Required: Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process— Assembly. Set up a T-account for Work in Process—...

Q: Required: 1. Do Problem 17-36 using the

Required: 1. Do Problem 17-36 using the FIFO method of process costing. Explain any difference between the cost per equivalent unit in the assembly department under the weighted-average method and the...

Q: Hoffman Company, as you know, is a manufacturer of car

Hoffman Company, as you know, is a manufacturer of car seats. Each car seat passes through the assembly department and testing department. This problem focuses on the testing department. Direct materi...

Q: Compton Associates is an architectural firm that has been in practice only

Compton Associates is an architectural firm that has been in practice only a few years. Because it is a relatively new firm, the market for the firm’s services is very competitive. T...