Questions from Cost Accounting

Q: The following are the Class Company’s unit costs of manufacturing and marketing

The following are the Class Company’s unit costs of manufacturing and marketing a high-style pen at an output level of 20,000 units per month: Required: The following situations re...

Q: Belmont Corporation has four operating divisions. The budgeted revenues and expenses

Belmont Corporation has four operating divisions. The budgeted revenues and expenses for each division for 2011 follows: Further analysis of costs reveals the following percentages of variable costs...

Q: Jack Arnoldson is the management accountant for Valley Restaurant Supply (VRS

Jack Arnoldson is the management accountant for Valley Restaurant Supply (VRS). Bob Gardner, the VRS sales manager, and Jack are meeting to discuss the profitability of one of the customers, Franco&ac...

Q: Executive Suites operates a 100-suite hotel in a busy business

Executive Suites operates a 100-suite hotel in a busy business park. During April, a 30-day month, Executive Suites experienced a 90% occupancy rate from Monday evening through Thursday evening (weekn...

Q: The new CEO of Radco Manufacturing has asked for a variety of

The new CEO of Radco Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing: Req...

Q: Ozumo’s Gardening makes several different kinds of mulch. Its busy period

Ozumo’s Gardening makes several different kinds of mulch. Its busy period is in the summer months. In August, the controller suddenly quit due to a stress-related disorder. He took w...

Q: Cutler Electronics makes an MP3 player, CE100, which has 80

Cutler Electronics makes an MP3 player, CE100, which has 80 components. Cutler sells 7,000 units each month for $70 each. The costs of manufacturing CE100 are $45 per unit, or $315,000 per month. Mont...

Q: Vend-o-licious makes candy bars for vending machines and

Vend-o-licious makes candy bars for vending machines and sells them to vendors in cases of 30 bars. Although Vend-o-licious makes a variety of candy, the cost differences are insignificant, and the ca...

Q: R & C Mechanical sells and services plumbing, heating, and

R & C Mechanical sells and services plumbing, heating, and air conditioning systems. R & C’s cost accounting system tracks two cost categories: direct labor and direct materi...

Q: Florida Temps, a large labor contractor, supplies contract labor to

Florida Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2012, Florida Temps has budgeted to supply 84,000 hours of contract labor. Its variable costs a...