Questions from Cost Accounting

Q: Strongarm manufactures various lines of bicycles. Because of the high volume

Strongarm manufactures various lines of bicycles. Because of the high volume of each type of product, the company employs a process cost system using the weighted average method to determine unit cost...

Q: LaToya Company produces door pulls, which are inspected at the end

LaToya Company produces door pulls, which are inspected at the end of production. Spoilage may occur because the door pull is improperly stamped or molded. Any spoilage in excess of 3 percent of the c...

Q: Use the LaToya Company data given in Problem 20. However,

Use the LaToya Company data given in Problem 20. However, assume that the spoiled goods were detected when conversion was 30 percent complete. Prepare a May 2010 cost of production report using the FI...

Q: Ro-Day-O Inc. manufactures belt buckles in a

Ro-Day-O Inc. manufactures belt buckles in a single-step production process. The following information is available for June 2010: Beginning inventory units were 100 percent complete as to material an...

Q: Spangenberg Products manufactures computer cases. All material is added at the

Spangenberg Products manufactures computer cases. All material is added at the start of production and overhead is applied to each product at the rate of 70 percent of direct labor cost. At the beginn...

Q: The Splash makes large fiberglass swimming pools and uses machine hours and

The Splash makes large fiberglass swimming pools and uses machine hours and direct labor hours to apply overhead in the Production and Installation departments, respectively. The monthly cost formula...

Q: Fresh Seasons is a contract manufacturer for Delectable Dressing Company. Fresh

Fresh Seasons is a contract manufacturer for Delectable Dressing Company. Fresh Seasons uses a weighted average process costing system to account for its salad dressing production. All ingredients are...

Q: Delacroix Co. had 800 units of inventory at the beginning of

Delacroix Co. had 800 units of inventory at the beginning of March 2010. Other information about that beginning Work in Process Inventory is as follows: Direct labor costs were extremely high during F...

Q: Itzgood makes a variety of healthy snack foods. The following information

Itzgood makes a variety of healthy snack foods. The following information for January 2010 relates to a trail mix. Materials are added at the beginning of processing; overhead is applied based on dire...

Q: Use the Fresh Seasons information from Problem 4, except assume that

Use the Fresh Seasons information from Problem 4, except assume that the company uses a FIFO process costing system. Information form Problem 4: Delacroix Co. had 800 units of inventory at the beginn...