Questions from Cost Accounting

Q: Nascar Motors assembles and sells motor vehicles and uses standard costing.

Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2011 are as follows: The selling price per vehicle is $24,000. The budgeted level of...

Q: The variable manufacturing costs per unit of Nascar Motors are as follows

The variable manufacturing costs per unit of Nascar Motors are as follows: Required: 1. Prepare income statements for Nascar Motors in April and May of 2011 under throughput costing. 2. Contrast the...

Q: Benchmarking against other companies enables a company to identify the lowest-

Benchmarking against other companies enables a company to identify the lowest-cost producer. This amount should become the performance measure for next year.” Do you agree?

Q: BigScreen Corporation manufactures and sells 50-inch television sets and uses

BigScreen Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March of 2012 are as follows: The selling price per uni...

Q: The variable manufacturing costs per unit of BigScreen Corporation are as follows

The variable manufacturing costs per unit of BigScreen Corporation are as follows: Required: 1. Prepare income statements for BigScreen in January, February, and March of 2012 under throughput costi...

Q: The Zwatch Company manufactures trendy, high-quality moderately priced watches

The Zwatch Company manufactures trendy, high-quality moderately priced watches. As Zwatch’s senior financial analyst, you are asked to recommend a method of inventory costing. The CF...

Q: Osawa, Inc., planned and actually manufactured 200,000units of

Osawa, Inc., planned and actually manufactured 200,000units of its single product in 2012, its first year of operation. Variable manufacturing cost was $20 per unit produced. Variable operating (nonma...

Q: Grunewald Company manufacturers a professional grade vacuum cleaner and began operations in

Grunewald Company manufacturers a professional grade vacuum cleaner and began operations in 2011. For 2011, Grunewald budgeted to produce and sell 20,000units. The company had no price, spending, or e...

Q: The Rehe Company sells its razors at $3 per unit.

The Rehe Company sells its razors at $3 per unit. The company uses a first-in, first-out actual costing system. A fixed manufacturing cost rate is computed at the end of each year by dividing the actu...

Q: Helmetsmart, a three year-old company, has been producing

Helmetsmart, a three year-old company, has been producing and selling a single type of bicycle helmet. Helmetsmart uses standard costing. After reviewing the income statements for the first three year...