Questions from Cost Accounting

Q: Fabri Division is part of the Multo Group. Fabri Division produces

Fabri Division is part of the Multo Group. Fabri Division produces a single product for which it has an external market that utilizes 70 per cent of its production capacity. Gini Division, which is al...

Q: Explain the ‘learning curve’ and discuss its relevance to setting standards

Explain the ‘learning curve’ and discuss its relevance to setting standards.

Q: (a). Comment on factors likely to affect the accuracy of

(a). Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components. (b). Explain how the analysis of costs into fixed and variable components is of use i...

Q: Abourne Ltd manufactures a microcomputer for the home use market. The

Abourne Ltd manufactures a microcomputer for the home use market. The management accountant is considering using regression analysis in the annual estimate of total costs. The following information ha...

Q: A management accountant is analyzing data relating to retail sales on behalf

A management accountant is analyzing data relating to retail sales on behalf of marketing colleagues. The marketing staff believes that the most important influence on sales is local advertising under...

Q: The Crispy Biscuit Company (CBC) has developed a new variety

The Crispy Biscuit Company (CBC) has developed a new variety of biscuit that it has successfully test marketed in different parts of the country. It has, therefore, decided to go ahead with full-scale...

Q: Engcorp and Flotilla are UK divisions of Griffin plc, a multinational

Engcorp and Flotilla are UK divisions of Griffin plc, a multinational company. Both divisions have a wide range of activities. You are an accountant employed by Griffin plc and the finance director ha...

Q: Leano plc is investigating the financial viability of a new product X

Leano plc is investigating the financial viability of a new product X. Product X is a short life product for which a market has been identified at an agreed design specification. It is not yet clear w...

Q: It was decided in the first quarter of fiscal 2016 that Commercial

It was decided in the first quarter of fiscal 2016 that Commercial Metals Company Ltd would change the accounting method it used to value its inventories. This change would be for its Americas Mills,...

Q: Exel Division is part of the Supeer Group. It produces a

Exel Division is part of the Supeer Group. It produces a basic fabric that is then converted in other divisions within the group. The fabric is also produced in other divisions within the Supeer Group...