Questions from Cost Accounting

Q: Consider the following data for November 2017 from MacLean Manufacturing Company,

Consider the following data for November 2017 from MacLean Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the pr...

Q: For the data in Exercise 18-21, summarize the total

For the data in Exercise 18-21, summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and tran...

Q: Refer to the information in Exercise 18-21. Suppose MacLean

Refer to the information in Exercise 18-21. Suppose MacLean Manufacturing Company uses the FIFO method of process costing instead of the weightedaverage method. Required: Compute equivalent units fo...

Q: Required: For the data in Exercise 18-21,

Required: For the data in Exercise 18-21, use the FIFO method to summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign...

Q: LaCroix Company produces handbags from leather of moderate quality. It distributes

LaCroix Company produces handbags from leather of moderate quality. It distributes the product through outlet stores and department store chains. At LaCroix’s facility in northeast O...

Q: The Reward One Company manufactures windows. Its manufacturing plant has the

The Reward One Company manufactures windows. Its manufacturing plant has the capacity to produce 12,000 windows each month. Current production and sales are 10,000 windows per month. The company norma...

Q: Required: 1. Do Exercise 18-25 using the

Required: 1. Do Exercise 18-25 using the FIFO method. 2. What are the managerial issues involved in selecting or reviewing the percentage of spoilage considered normal? How would your answer to requi...

Q: Plastique produces parts for use in various industries. Plastique uses a

Plastique produces parts for use in various industries. Plastique uses a job-costing system. The nature of its process is such that management expects normal spoilage at a rate of 2% of good parts. Da...

Q: Spheres Toys manufactures globes at its San Fernando facility. The company

Spheres Toys manufactures globes at its San Fernando facility. The company provides you with the following information regarding operations for April 2017: Total globes manufactured……….20,000 Globes r...

Q: LogicCo is a fast-growing manufacturer of computer chips. Direct

LogicCo is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this pr...