Questions from Cost Accounting

Q: The Tracy Corporation has a machining facility specializing in jobs for the

The Tracy Corporation has a machining facility specializing in jobs for the aircraft-components market. Tracy’s previous simple job-costing system had two direct-cost categories (dir...

Q: Applewood Electronics, a division of Elgin Corporation, manufactures two large

Applewood Electronics, a division of Elgin Corporation, manufactures two large-screen television models: the Monarch, which has been produced since 2006 and sells for $900, and the Regal, a newer mode...

Q: Logo Specialties manufactures, among other things, woolen blankets for the

Logo Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. The company sews the blankets from fabric and sews on a logo patch purchased fr...

Q: DryPool T-Shirt Factory manufactures plain white and solid colored T

DryPool T-Shirt Factory manufactures plain white and solid colored T-shirts. Inputs include the following: Additionally, the colored T-shirts require 3 ounces of dye per shirt at a cost of $0.20 per...

Q: The Scarborough Corporation manufactures and sells two products: Thingone and Thingtwo

The Scarborough Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2011, Scarborough’s budget department gathered the following data to prepare budgets f...

Q: Easecom Company is a manufacturer of videoconferencing products. Regular units are

Easecom Company is a manufacturer of videoconferencing products. Regular units are manufactured to meet marketing projections, and specialized units are made after an order is received. Maintaining th...

Q: Barney Briggs owns a restaurant franchise that is part of a chain

Barney Briggs owns a restaurant franchise that is part of a chain of “southern homestyle” restaurants. One of the chain’s popular breakfast items is biscuits and gravy. Central Warehouse makes and fre...

Q: Unified Chemical Company has a joint production process that converts Zeta into

Unified Chemical Company has a joint production process that converts Zeta into two chemicals: Alpha and Beta. The company purchases Zeta for $12 per pound and incurs a cost of $30 per pound to proces...

Q: Pet Luggage Company makes two pet carriers, the Cat-allac

Pet Luggage Company makes two pet carriers, the Cat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the mo...

Q: Refer to the information in Problem 6-33. Assume the

Refer to the information in Problem 6-33. Assume the following: Pet Luggage (PL) does not make any sales on credit. PL sells only to the public, and accepts cash and credit cards; 90% of its sales are...