Questions from Cost Accounting

Q: The following data are for Marvin Department Store. The account balances

The following data are for Marvin Department Store. The account balances (in thousands) are for 2017. Marketing, distribution, and customer-service costs………..$ 37,000 Merchandise inventory, January 1...

Q: The following data are for Arizona Retail Outlet Stores. The account

The following data are for Arizona Retail Outlet Stores. The account balances (in thousands) are for 2017. Marketing and advertising costs……………………..$ 55,200 Merchandise inventory, January 1, 2017……………...

Q: Renka’s Heaters selected data for October 2017 are presented here (in 

Renka’s Heaters selected data for October 2017 are presented here (in millions): Direct materials inventory 10/1/2017………………………………$ 105 Direct materials purchased………………………………………………365 Direct materials...

Q: Consider the following account balances (in thousands) for the Peterson

Consider the following account balances (in thousands) for the Peterson Company: Required: 1. Prepare a schedule for the cost of goods manufactured for 2017. 2. Revenues for 2017 were $310 million....

Q: Lifetime Escapes generates average revenue of $7,500 per person

Lifetime Escapes generates average revenue of $7,500 per person on its 5-day package tours to wildlife parks in Kenya. The variable costs per person are as follows: Airfare……………………………$1,600 Hotel acco...

Q: Spotted Turtle provides daycare for children Mondays through Fridays. Its monthly

Spotted Turtle provides daycare for children Mondays through Fridays. Its monthly variable costs per child are as follows: Lunch and snacks……………………………………………$130 Educational supplies…………………………………………......

Q: Megaphone Corporation produces a molded plastic casing, M&M101,

Megaphone Corporation produces a molded plastic casing, M&M101, for many cell phones currently on the market. Summary data from its 2017 income statement are as follows: Revenues………………….$5,000,000 Var...

Q: Dell Computer incurs the following costs: a. Utility costs

Dell Computer incurs the following costs: a. Utility costs for the plant assembling the Latitude computer line of products b. Distribution costs for shipping the Latitude line of products to a retail...

Q: Johnson & Johnson, a health care company, incurs the following

Johnson & Johnson, a health care company, incurs the following costs: a. Payment of booth registration fee at a medical conference to promote new products to physicians b. Cost of redesigning...

Q: Burger King, a hamburger fast-food restaurant, incurs the

Burger King, a hamburger fast-food restaurant, incurs the following costs: a. Cost of oil for the deep fryer b. Wages of the counter help who give customers the food they order c. Cost of the cos...