Questions from Cost Accounting

Q: Shayna’s Smart Shawls Inc. is a small business that Shayna developed

Shayna’s Smart Shawls Inc. is a small business that Shayna developed while in college. She began hand-knitting shawls for her dorm friends to wear while studying. As demand grew, she hired some worker...

Q: Aunt Molly’s Old Fashioned Cookies bakes cookies for a chain of retail

Aunt Molly’s Old Fashioned Cookies bakes cookies for a chain of retail stores. The company’s best-selling cookie is Chocolate Nut Supreme, which is marketed as a go...

Q: Styles Inc. manufactures a full line of well-known sunglasses

Styles Inc. manufactures a full line of well-known sunglasses frames and lenses. Styles uses a standard costing system to set attainable standards for direct materials, labour, and overhead costs. Sty...

Q: Your new position as supervisor of product introduction, you have to

Your new position as supervisor of product introduction, you have to decide on a pricing strategy for a talking doll specialty product with the following cost structure: Variable costs per unit &acir...

Q: The Fremont, California, plant of NUMMI (New United Motor

The Fremont, California, plant of NUMMI (New United Motor Manufacturing, Inc.), a joint venture of General Motors and Toyota, assembles two types of cars (Corollas and Geo Prisms). A separate assembly...

Q: Memflash Inc. manufactures 4 gigabyte flash drives that are compatible with

Memflash Inc. manufactures 4 gigabyte flash drives that are compatible with a popular portable storage device. Memflash sells flash drives directly to computer retail chains and to direct marketing or...

Q: MFD Manufacturing makes wooden furniture. One of their products is a

MFD Manufacturing makes wooden furniture. One of their products is a wooden dresser. The exterior and some of the shelves are made of oak, a highquality wood, but the interior drawers are made of pine...

Q: Tropical Fruits Inc. processes tropical fruit into a fruit salad mix

Tropical Fruits Inc. processes tropical fruit into a fruit salad mix, which it sells to a food-service company. Tropical Fruits has in its budget the following standards for the direct materials input...

Q: You are a student preparing for a job interview with a large

You are a student preparing for a job interview with a large Canadian consumer products manufacturer. You are applying for a job in the finance department. This company is known for its rigorous case-...

Q: Electric Eels Company produces high-quality electric eels for Museums and

Electric Eels Company produces high-quality electric eels for Museums and Aquaria to sell in their gift shops. It accounts for the production of these eels with an ABC system. For 2015, Electric Eels...