Questions from Cost Accounting


Q: Healthy-U Ltd is a pharmaceutical and biotechnology company. It

Healthy-U Ltd is a pharmaceutical and biotechnology company. It has the following data for manufacturing overhead costs during August 2020: Fill in the blanks. Use F for favorable and U for unfavorabl...

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Q: The Ramirez Company uses standard costing in its manufacturing plant for auto

The Ramirez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,000 output units per year, included...

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Q: Which of the following is not a primary component of business applications

Which of the following is not a primary component of business applications of data science? a. Computer science and data skills b. Substantive expertise in natural sciences c. Math and statistics d. S...

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Q: Foodies operates a meal home-delivery service. It has agreements

Foodies operates a meal home-delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who place orders on the Foodies web- site. Foodies allocates variable and...

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Q: Dru Automobiles Ltd manufactures car accessories. For 2020, budgeted variable

Dru Automobiles Ltd manufactures car accessories. For 2020, budgeted variable overhead is $90,000 for 12,000 direct labor-hours. Budgeted total overhead is $110,000 at 8,000 direct labor-hours. The st...

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Q: Marissa Designs, Inc., makes jewelry in the shape of geometric

Marissa Designs, Inc., makes jewelry in the shape of geometric patterns. Each piece is handmade and takes an average of 1.5 hours to produce because of the intricate design and scrollwork. Marissa use...

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Q: Alpha Capital Company provides financial services to their clients. Recently,

Alpha Capital Company provides financial services to their clients. Recently, Alpha has experienced rapid growth rate due to expansion and is becoming concerned as to their rising costs, particularly...

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Q: Mercy Enterprise is a knitting company based in Dublin, Ireland.

Mercy Enterprise is a knitting company based in Dublin, Ireland. The following is the static budget and actual results of Mercy Ltd. for the month of April 2020. Mercy’s management i...

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Q: Michael Roberts is a cost accountant and business analyst for Darby Design

Michael Roberts is a cost accountant and business analyst for Darby Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct...

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Q: Yokojo Ltd specializes in the servicing of Japanese vehicles. The following

Yokojo Ltd specializes in the servicing of Japanese vehicles. The following is Yokojo’s budget for 2020: The following activities took place during the year: Fixed overhead is absorb...

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