Questions from Cost Accounting

Q: Sweeney Enterprises manufactures tires for the Formula I motor racing circuit.

Sweeney Enterprises manufactures tires for the Formula I motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,600 tires at a variable cost of $71 per tire and total fixed costs...

Q: Bryant Company’s budgeted prices for direct materials, direct manufacturing labor,

Bryant Company’s budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $43, $6, and $13, respe...

Q: What are four key perspectives in the balanced scorecard?

What are four key perspectives in the balanced scorecard?

Q: Bank Management Printers, Inc., produces luxury checkbooks with three checks

Bank Management Printers, Inc., produces luxury checkbooks with three checks and stubs perpage. Each checkbook is designed for an individual customer and is ordered through the customer’s bank. The co...

Q: The Clarkson Company produces engine parts for car manufacturers. A new

The Clarkson Company produces engine parts for car manufacturers. A new accountant intern at Clarkson has accidentally deleted the company’s variance analysis calculations for the ye...

Q: Cascade, Inc., produces the basic fillings used in many popular

Cascade, Inc., produces the basic fillings used in many popular frozen desserts and treats—vanilla and chocolate ice creams, puddings, meringues, and fudge. Cascade uses standard cos...

Q: Sunshine Foods manufactures pumpkin scones. For January 2017, it budgeted

Sunshine Foods manufactures pumpkin scones. For January 2017, it budgeted to purchase and use 14,750 pounds of pumpkin at $0.92 a pound. Actual purchases and usage for January 2017 were 16,000 pounds...

Q: Consider the following data collected for Great Homes, Inc.:

Consider the following data collected for Great Homes, Inc.: Required: Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor.

Q: Rugged Life, Inc., designs and manufactures fleece quarter-zip

Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life’s May 2017 static budg...

Q: The Schuyler Corporation manufactures lamps. It has set up the following

The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: Direct materials: 10 lb. at $4.50 per lb……………...