Questions from Cost Accounting

Q: The Brazil division of an American telecommunications company uses standard costing for

The Brazil division of an American telecommunications company uses standard costing for its machine-paced production of telephone equipment. Data regarding production during June are as follows: Varia...

Q: Meals Made Easy (MME) operates a meal home-delivery

Meals Made Easy (MME) operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on MME’s website. MME al...

Q: Pampered Pets, Inc., makes embellished accessories primarily for dogs.

Pampered Pets, Inc., makes embellished accessories primarily for dogs. For 2017, budgeted variable overhead is $70,000 for 10,000 direct labor-hours. Budgeted total overhead is $100,000 at 8,000 direc...

Q: Chart Hills Company makes customized golf shirts for sale to golf courses

Chart Hills Company makes customized golf shirts for sale to golf courses. Each shirt requires 3 hours to produce because of the customized logo for each golf course. Chart Hills uses direct labor-hou...

Q: Carlyle Capital Company offers financial services to its clients. Recently,

Carlyle Capital Company offers financial services to its clients. Recently, Carlyle has experienced rapid growth and has increased both its client base and the variety of services it offers. The compa...

Q: Tred-America, Inc., manufactures tires for large auto companies

Tred-America, Inc., manufactures tires for large auto companies. It uses standard costing and allocates variable and fixed manufacturing overhead based on machine-hours. For each independent scenario...

Q: Eric Williams is a cost accountant and business analyst for Diamond Design

Eric Williams is a cost accountant and business analyst for Diamond Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct...

Q: Nascar Motors assembles and sells motor vehicles and uses standard costing.

Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows: The selling price per vehicle is $24,000. The budgeted level of...

Q: The variable manufacturing costs per unit of Nascar Motors are as follows

The variable manufacturing costs per unit of Nascar Motors are as follows: Required: 1. Prepare income statements for Nascar Motors in April and May 2017 under throughput costing. 2. Contrast the re...

Q: Taylor Company uses normal costing. It allocates manufacturing overhead costs using

Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2017: Budgeted manufacturing overhead costs……...