Questions from Cost Accounting

Q: It is the end of 2015. The All-Fixed Company

It is the end of 2015. The All-Fixed Company began operations in January 2014. The company is so named because it has no variable costs. All its costs are fixed. All-Fixed is located on the bank of a...

Q: Shasta Hills, a winery in British Columbia, manufactures a premium

Shasta Hills, a winery in British Columbia, manufactures a premium white cabernet and sells primarily to distributors. Wine is sold in cases of one dozen bottles. In the year ended December 31, 2015,...

Q: Four Sheets (FS) Company uses standard costing. Kate King

Four Sheets (FS) Company uses standard costing. Kate King, the new president of FS Company, is presented with the following data for 2015: Required: 1. At what percentage of denominator level was th...

Q: The Robertson Company uses an absorption-costing system based on standard

The Robertson Company uses an absorption-costing system based on standard costs. Total variable manufacturing cost, including direct material cost, is $3 per unit; the standard production rate is 10 u...

Q: Shen Company is a manufacturer of MP3 players. It implemented standard

Shen Company is a manufacturer of MP3 players. It implemented standard costs and a flexible budget on January 1, 2015. The president has been pondering how fixed manufacturing overhead should be alloc...

Q: In 2016, only 806,840 Deliman meals were produced and

In 2016, only 806,840 Deliman meals were produced and sold to the retirement homes. Smith suspects that retirement home controllers had systematically inflated their 2016 meal estimates. Required: 1....

Q: Tammy Cat Tree Co. (TCTC) builds luxury cat trees

Tammy Cat Tree Co. (TCTC) builds luxury cat trees and sells them through the internet to cat owners who want to provide their cats with a more natural environment. At the start of 2015, TCTC carried n...

Q: Ken Howard, financial analyst at JVR Corporation, a manufacturer of

Ken Howard, financial analyst at JVR Corporation, a manufacturer of precision parts, is examining the behaviour of quarterly maintenance costs for budgeting purposes. Howard collects data on machine-h...

Q: Singh Company uses a standard cost system in its manufacturing plant for

Singh Company uses a standard cost system in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,000 output units per year, included...

Q: OLS simple linear regression analysis. (CIMA, heavily adapted)

OLS simple linear regression analysis. (CIMA, heavily adapted) Lisa Aoli, the financial manager at the Casa Real restaurant, is working with Megan Dryden, the marketing manager, to establish if there...