Questions from Cost Accounting

Q: Preparing budgets for a multinational organization is significantly more complex than doing

Preparing budgets for a multinational organization is significantly more complex than doing so for a solely domestic organization. What costs might managers find in budgets for international companies...

Q: Caleb Corp. has prepared the following unit sales forecast for 2011

Caleb Corp. has prepared the following unit sales forecast for 2011: Estimated ending Finished Goods Inventories are 50,000 units at December 31, 2010; 72,000 units at June 30, 2011; and 120,000 units...

Q: Narisho Supply is in the process of preparing the budget for the

Narisho Supply is in the process of preparing the budget for the first quarter of 2011. The following projections for unit sales have been made: Each finished unit requires three direct materials: 4 p...

Q: Atkinson’s Reliable Tools makes two products that use similar raw materials:

Atkinson’s Reliable Tools makes two products that use similar raw materials: #587Q and #253X. Estimated production needs for a unit of each product follow. Estimated sales in units b...

Q: Corner Brook Furniture Co. makes bookstands and expects sales and collections

Corner Brook Furniture Co. makes bookstands and expects sales and collections for the first three months of 2011 to be as follows: The December 31, 2010, balance sheet revealed the following selected...

Q: Butler Inc. has projected Cost of Goods Sold (CGS)

Butler Inc. has projected Cost of Goods Sold (CGS) for June 2011 of $1,500,000. Of this amount, $80,000 represents fixed overhead costs. Total variable costs for the company each month average 70 perc...

Q: Cute and Cuddly Inc. sells teddy bears in walk-by

Cute and Cuddly Inc. sells teddy bears in walk-by kiosks in shopping malls. The company’s balance sheet on March 31, 2010, showed the following balances related to Accounts Receivable and inventories:...

Q: Stabler Co.’s projected March 31, 2011, balance sheet

Stabler Co.’s projected March 31, 2011, balance sheet follows. Additional information about the company is as follows: • Expected sales for April and May are $240,0...

Q: UpTop Mining has compiled the following data to analyze utility costs:

UpTop Mining has compiled the following data to analyze utility costs: Use the least squares method to develop a formula for budgeting utility cost.

Q: How does absorption costing differ from variable costing in cost accumulation and

How does absorption costing differ from variable costing in cost accumulation and income statement presentation?