Questions from Cost Accounting

Q: CellOne is a cellular phone service reseller, contracting with major cellular

CellOne is a cellular phone service reseller, contracting with major cellular operators for airtime in bulk and then reselling service to retail customers. Having adopted an ABC system last year, Cell...

Q: FlatScreen manufactures flat-panel LCD displays. The displays are sold

FlatScreen manufactures flat-panel LCD displays. The displays are sold to major PC manufacturers. Following are some manufacturing overhead data for FlatScreen for the year ended December 31, 2015:...

Q: 1. Prepare appropriate journal entries for variable and fixed manufacturing overhead

1. Prepare appropriate journal entries for variable and fixed manufacturing overhead (you will need to calculate the different variances to accomplish this). 2.Overhead variances may be used to reconc...

Q: The following information for 2015 is for Morgan Corporation, which uses

The following information for 2015 is for Morgan Corporation, which uses standard costing: Static-budget machine-hours …………………………………………33,000 Fixed overhead budget costs ………………………………….$ 5,940,000 Fix...

Q: Corporation is a manufacturer of computer accessories. It uses absorption costing

Corporation is a manufacturer of computer accessories. It uses absorption costing based on standard costs and reports the following data for 2015: There are no rate or efficiency variances. Actual o...

Q: Headsmart, a three-year-old company, has been

Headsmart, a three-year-old company, has been producing and selling a single type of bicycle helmet. Headsmart uses standard costing. After reviewing the statements of comprehensive income for the fir...

Q: AJG Inc. is a manufacturer of the very popular G36 motorcycles

AJG Inc. is a manufacturer of the very popular G36 motorcycles. The management at AJG has recently adopted absorption costing and is debating which denominator level concept to use. The G36 motorcycle...

Q: Pandom Inc. produces chemicals for large biotech companies. It has

Pandom Inc. produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 201 Required: Fill in the variances in the table below. Use F for...

Q: Deli One operates a chain of 10 retirement homes in the Toronto

Deli One operates a chain of 10 retirement homes in the Toronto area. Its central food-catering facility, Deliman, prepares and delivers meals to the retirement homes. It has the capacity to deliver u...

Q: University Press produces textbooks for university courses. They recently hired a

University Press produces textbooks for university courses. They recently hired a new editor, Leslie White, to handle production and sales of books for an introduction to accounting course. Leslie’s c...