Questions from Cost Accounting

Q: Prepare journal entries and post them to T-accounts for all

Prepare journal entries and post them to T-accounts for all transactions in Exercise 7-25, including requirement 2. Summarize how these journal entries differ from normal costing entries. Data from E...

Q: Suppose the static budget was for 2,500 units of output

Suppose the static budget was for 2,500 units of output. Actual output was 2,000 units. The variances are shown in the following report: Required: What are the rate, efficiency, and sales-volume var...

Q: The Energy Products Company produces a gasoline additive, Gas Gain,

The Energy Products Company produces a gasoline additive, Gas Gain, that increases engine efficiency and improves gasoline mileage. The actual and budgeted quantities (in litres) of materials required...

Q: Niagara Inc. manufactures apple products such as apple jelly and applesauce

Niagara Inc. manufactures apple products such as apple jelly and applesauce. It makes applesauce by blending Tolman, Golden Delicious, and Ribston apples. Budgeted costs to produce 100,000 kilograms o...

Q: Describe sensitivity analysis. How has spreadsheet software affected its use?

Describe sensitivity analysis. How has spreadsheet software affected its use?

Q: The list of representative cost drivers in the right column of this

The list of representative cost drivers in the right column of this table are randomized with respect to the list of functions in the left column. That is, they do not match. Function ………………………………………...

Q: Thomas Inc. is considering three countries for the sole manufacturing site

Thomas Inc. is considering three countries for the sole manufacturing site of its new product: India, China, and Canada. The product will be sold to retail outlets in Canada at $47.50 per unit. These...

Q: The Sunrise Group (SG) is an environmentally conscious organization that

The Sunrise Group (SG) is an environmentally conscious organization that buys land with the objective of preserving the natural environment. SG receives private contributions and takes no assistance f...

Q: Zyrcon Ltd. is a computer games manufacturer. It currently has

Zyrcon Ltd. is a computer games manufacturer. It currently has two games on the market: Alien Predators and Vegas Pokermatch. Data regarding the two products are as follows: The fixed costs of Zyrco...

Q: Edible Bouquets (EB) makes and sells flower bouquets. EB

Edible Bouquets (EB) makes and sells flower bouquets. EB is considering opening a new store in the local mall. The mall has several empty shops and EB is unsure of the demand for its product. The mall...