Questions from Cost Accounting

Q: Appleton Company makes wooden toys in its forming department, and it

Appleton Company makes wooden toys in its forming department, and it uses the weighted-average method of process costing. All direct materials are added at the beginning of the process, and conversion...

Q: Jordan, Inc., is a manufacturer of vents for water heaters

Jordan, Inc., is a manufacturer of vents for water heaters. The company uses a process-costing system to account for its work-in-process inventories. When Job 512 was being processed in the machining...

Q: Arokia Electronics manufactures cell phone models in its Walnut Creek plant.

Arokia Electronics manufactures cell phone models in its Walnut Creek plant. Suppose the company provides you with the following information regarding operations for September 2011: Assume the spoil...

Q: Chipcity is a fast-growing manufacturer of computer chips. Direct

Chipcity is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this p...

Q: .A student association has hired a band and a caterer for

.A student association has hired a band and a caterer for a graduation party. The band will charge a fixed fee of $1,000 for an evening of music, and the caterer will charge a fixed fee of $600 for th...

Q: Refer to the information in Exercise 18-24.

Refer to the information in Exercise 18-24. Required: Do Exercise 18-24 using the FIFO method of process costing. Data from Exercise 18-24: Chipcity is a fast-growing manufacturer of computer chips...

Q: Refer to the information in Exercise 18-24. Suppose Chipcity

Refer to the information in Exercise 18-24. Suppose Chipcity determines standard costs of $200 per equivalent unit for direct materials and $75 per equivalent unit for conversion costs for both beginn...

Q: Barrett Kitchens produces a variety of items in accordance with special job

Barrett Kitchens produces a variety of items in accordance with special job orders from hospitals, plant cafeterias, and university dormitories. An order for 2,100 cases of mixed vegetables costs $9 p...

Q: White Goods assembles washing machines at its Auburn plant. In February

White Goods assembles washing machines at its Auburn plant. In February 2012, 60 tumbler units that cost $44 each (from a new supplier who subsequently went bankrupt) were defective and had to be disp...

Q: The Morgan Company has an extensive job-costing facility that uses

The Morgan Company has an extensive job-costing facility that uses a variety of metals. Consider each requirement independently. Required: 1. Job 372 uses a particular metal alloy that is not used fo...