Questions from Cost Accounting

Q: In Red Deer Company’s packaging department, conversion costs are added evenly

In Red Deer Company’s packaging department, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected...

Q: Refer to the information in Problem 18-32 except for the

Refer to the information in Problem 18-32 except for the transferred-in costs for May, which equal the total cost of good units completed and transferred out in May from the cleaning department, which...

Q: Hamilton Metal Fabricators Inc. has a large job, No.

Hamilton Metal Fabricators Inc. has a large job, No. 2734, that calls for producing various ore bins, chutes, and metal boxes for enlarging a copper concentrator. The following charges were made to th...

Q: Rounder specializes in the manufacture of ball bearings for aircraft. Direct

Rounder specializes in the manufacture of ball bearings for aircraft. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some unit...

Q: Refer to the information in Problem 18-35.

Refer to the information in Problem 18-35. Required: Repeat question 1 from Problem 18-35 using the FIFO method of process costing. Data from Problem 18-35: Rounder specializes in the manufacture o...

Q: Refer to the information in Problem 18-35. Suppose Rounder

Refer to the information in Problem 18-35. Suppose Rounder determines standard costs of $246 per (equivalent) unit for direct materials and $96 per (equivalent) unit for conversion costs for both begi...

Q: Normal spoilage is 6% of the good units passing inspection in

Normal spoilage is 6% of the good units passing inspection in a forging process. In March, a total of 10,000 units were spoiled. Other data include units started during March, 120,000; work-in-process...

Q: Ottawa Manufacturing is a furniture manufacturer with two departments: moulding and

Ottawa Manufacturing is a furniture manufacturer with two departments: moulding and finishing. The company uses the weighted-average method of process costing. In August, the following data were recor...

Q: Tee Time Machine Shop is a manufacturer of motorized carts for vacation

Tee Time Machine Shop is a manufacturer of motorized carts for vacation resorts. Pat Cruz, the plant manager of Tee Time, obtains the following information for Job #10 in August 2015. A total of 40 un...

Q: Kathy Hanks, executive assistant to the president of Eastern University,

Kathy Hanks, executive assistant to the president of Eastern University, is concerned about the overhead costs at her university. Cost pressures are severe, so controlling and reducing overhead is ver...