Questions from Cost Accounting

Q: Industrial Fluids Ltd. (IFL) manufactures and sells fluids used

Industrial Fluids Ltd. (IFL) manufactures and sells fluids used by metal-cutting plants. These fluids enable metal-cutting to be done more accurately and more safely. IFL has more than 1,000 customers...

Q: Worldwide Cell Phones (WCP) has developed a cell phone that

Worldwide Cell Phones (WCP) has developed a cell phone that can be used anywhere in the world (even in countries such as Japan that have a relatively unique cell phone system). WCP has been receiving...

Q: Orca Company is a large manufacturer of optical storage systems based in

Orca Company is a large manufacturer of optical storage systems based in British Columbia. Its practical annual capacity is 7,500 units, and, for the past few years, its budgeted and actual sales and...

Q: Patterson Corporation has four operating divisions. During the first quarter of

Patterson Corporation has four operating divisions. During the first quarter of 2015, the company reported total income from operations of $55,000 and the following results for each division: Furthe...

Q: Ring Delights is a new company that manufactures custom jewellery. Ring

Ring Delights is a new company that manufactures custom jewellery. Ring Delights currently has six customers referenced by customer number: 01, 02, 03, 04, 05, and 06. Besides the costs of making the...

Q: An analysis of La Flamme’s operating income changes between 2015 and 2016

An analysis of La Flamme’s operating income changes between 2015 and 2016 shows the following: Operating income for 2016 ………………………………$1,700,000 Add growth component …………………………………………70,000 Deduct pri...

Q: The Singapore division of a Canadian telecommunications company uses a standard cost

The Singapore division of a Canadian telecommunications company uses a standard cost system for its machine-based production of telephone equipment. Data regarding production during June are as follow...

Q: What is a linear cost function? Describe three alternative linear cost

What is a linear cost function? Describe three alternative linear cost functions.

Q: What is a discontinuous linear cost function? What types of analyses

What is a discontinuous linear cost function? What types of analyses can be done to improve cost control when the data sets indicate a discontinuous linear cost function?

Q: Discuss the conference method for estimating a cost function. What are

Discuss the conference method for estimating a cost function. What are advantages of this method?