Questions from Cost Accounting

Q: Kitchen Whiz manufactures premium food processors. The following is some manufacturing

Kitchen Whiz manufactures premium food processors. The following is some manufacturing overhead data for Kitchen Whiz for the year ended December 31, 2012: Budgeted number of output units: 888 Plann...

Q: Required: 1. Prepare journal entries for variable and fixed

Required: 1. Prepare journal entries for variable and fixed manufacturing overhead (you will need to calculate the various variances to accomplish this). 2. Overhead variances are written off to the C...

Q: Best Around, Inc., is a manufacturer of vacuums and uses

Best Around, Inc., is a manufacturer of vacuums and uses standard costing. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2012, bu...

Q: Consider the following two situations—cases A and B— independently

Consider the following two situations—cases A and B— independently. Data refer to operations for April 2012. For each situation, assume standard costing. Also assum...

Q: Nolton Products uses standard costing. It allocates manufacturing overhead (both

Nolton Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). Nolton develops its ma...

Q: Sarah Beth’s Art Supply Company produces various types of paints. Actual

Sarah Beth’s Art Supply Company produces various types of paints. Actual direct manufacturing labor hours in the factory that produces paint have been higher than budgeted hours for...

Q: Pointe’s Fleet Feet, Inc., produces dance shoes for stores all

Pointe’s Fleet Feet, Inc., produces dance shoes for stores all over the world. While the pairs of shoes are boxed individually, they are crated and shipped in batches. The shipping d...

Q: Jo Nathan Publishing Company specializes in printing specialty textbooks for a small

Jo Nathan Publishing Company specializes in printing specialty textbooks for a small but profitable college market. Due to the high setup costs for each batch printed, Jo Nathan holds the book request...

Q: Dawn Floral Creations, Inc., makes jewelry in the shape of

Dawn Floral Creations, Inc., makes jewelry in the shape of flowers. Each piece is hand-made and takes an average of 1.5 hours to produce because of the intricate design and scrollwork. Dawn uses direc...

Q: The Mancusco Company uses a flexible budget and standard costs to aid

The Mancusco Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct-cost categorie...