Questions from Cost Accounting

Q: Crystal Clear Machine Shop is a manufacturer of motorized carts for vacation

Crystal Clear Machine Shop is a manufacturer of motorized carts for vacation resorts. Peter Cruz, the plant manager of Crystal Clear, obtains the following information for Job #10 in August 2010. A to...

Q: Zeller Company uses standard costing. The company has two manufacturing plants

Zeller Company uses standard costing. The company has two manufacturing plants, one in Nevada and the other in Ohio. For the Nevada plant, Zeller has budgeted annual output of 4,000,000 units. Standar...

Q: Assume that the 7 spoiled units of Whitefish Machine Shop’s Job #

Assume that the 7 spoiled units of Whitefish Machine Shop’s Job #10 can be reworked for a total cost of $1,700. A total cost of $10,150 associated with these units has already been assigned to Job #10...

Q: Assume that Job #10 of Crystal Clear Machine Shop generates normal

Assume that Job #10 of Crystal Clear Machine Shop generates normal scrap with a total sales value of $650 (it is assumed that the scrap returned to the storeroom is sold quickly). Required: Prepare t...

Q: Fantastic Furniture manufactures plastic lawn furniture in a continuous process. The

Fantastic Furniture manufactures plastic lawn furniture in a continuous process. The company pours molten plastic into molds and then cools the plastic. Materials are added at the beginning of the pro...

Q: The Kim Company is a furniture manufacturer with two departments: molding

The Kim Company is a furniture manufacturer with two departments: molding and finishing. The company uses the weighted-average method of process costing. In August, the following data were recorded fo...

Q: Riposte Corporation manufactures a computer chip called XD1. Manufacturing costs of

Riposte Corporation manufactures a computer chip called XD1. Manufacturing costs of one XD1 chip, excluding rework costs, are direct materials, $60; direct manufacturing labor, $12; and manufacturing...

Q: The Thomas Corporation sells 300,000 V262 valves to the automobile

The Thomas Corporation sells 300,000 V262 valves to the automobile and truck industry. Thomas has a capacity of 110,000 machine-hours and can produce 3 valves per machine-hour. V262’s contribution mar...

Q: The Tan Corporation uses multicolor molding to make plastic lamps. The

The Tan Corporation uses multicolor molding to make plastic lamps. The molding operation has a capacity of 200,000 units per year. The demand for lamps is very strong. Tan will be able to sell whateve...

Q: East Coast Healthcare operates two medical groups, one in Philadelphia and

East Coast Healthcare operates two medical groups, one in Philadelphia and one in Baltimore. The semi-annual bonus plan for each medical group’s president has three components: a. Pr...