Questions from Cost Accounting

Q: You are a student preparing for a job interview with a Fortune

You are a student preparing for a job interview with a Fortune 100 consumer products manufacturer. You are applying for a job in the finance department. This company is known for its rigorous case-bas...

Q: KatharineStanley is the owner of Better Bikes, a company that produces

KatharineStanley is the owner of Better Bikes, a company that produces high quality cross-country bicycles. Better Bikes participates in a supply chain that consists of suppliers, manufacturers, distr...

Q: Morro Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct

Morro Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $225 per board. This includes 30 pounds of direct materials, at the bud...

Q: On May 1, 2012, Bovar Company began the manufacture of

On May 1, 2012, Bovar Company began the manufacture of a new paging machine known as Dandy. The company installed a standard costing system to account for manufacturing costs. The standard costs for a...

Q: Shayna’s Smart Shawls, Inc., is a small business that Shayna

Shayna’s Smart Shawls, Inc., is a small business that Shayna developed while in college. She began hand-knitting shawls for her dorm friends to wear while studying. As demand grew, she hired some work...

Q: You are a new junior accountant at Clearview Corporation, maker of

You are a new junior accountant at Clearview Corporation, maker of lenses for eyeglasses. Your company sells generic-quality lenses for a moderate price. Your boss, the Controller, has given you the l...

Q: Sonnet, Inc., has the following budgeted standards for the month

Sonnet, Inc., has the following budgeted standards for the month of March 2011: Sales of 1,500,000 units are budgeted for March. The expected total market for this product was 7,500,000diskettes. Ac...

Q: Iceland, Inc., is a fast-growing ice-cream

Iceland, Inc., is a fast-growing ice-cream maker. The company’s new ice-cream flavor, CherryStar, sells for $9 per pound. The standard monthly production level is 300,000 pounds, and...

Q: Stuckey, Inc., manufactures industrial 55 gallon drums for storing chemicals

Stuckey, Inc., manufactures industrial 55 gallon drums for storing chemicals used in the mining industry. The body of the drums is made from aluminum and the lid is made of chemical resistant plastic....

Q: The Wellesley Corporation makes printed cloth in two departments: weaving and

The Wellesley Corporation makes printed cloth in two departments: weaving and printing. Currently, all product first moves through the weaving department and then through the printing department befor...