Questions from Cost Accounting

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

Omega’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 de...

Q: Fill in the blanks for each of the following independent cases.

Fill in the blanks for each of the following independent cases.

Q: Johns Manufacturing Company manufactures and sells rolling suitcases. After several years

Johns Manufacturing Company manufactures and sells rolling suitcases. After several years of increased sales, Johns experiences a drop in sales in 2020 from increased competition. Johns uses machine-h...

Q: Ronaldo’s Ice Cream produces summer ice creams for school pupils in Alaska

Ronaldo’s Ice Cream produces summer ice creams for school pupils in Alaska. The company has identified three significant activities and established three standard rates to allocate v...

Q: The Beal Manufacturing Company’s costing system has two direct-cost categories

The Beal Manufacturing Company’s costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is a...

Q: NWI is a service provider that offers computing resources measured in RAM

NWI is a service provider that offers computing resources measured in RAM (random-access memory)-hours to handle enterprise-wide applications. Information about variable overhead costs for March 2020...

Q: The Delta Company started business on January 1, 2020. The

The Delta Company started business on January 1, 2020. The company adopted a standard absorption costing system to produce ergonomic backpacks. Delta chose direct labor as the application base for ove...

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

BlueBox Company uses standard costing. The company has two manufacturing plants, one in Shanghai and the other in Shenzhen. For the Shanghai plant, BlueBox has budgeted annual output of 2,000,000 unit...

Q: Johnson Stores produce and sell face powder called the ‘Success’ in

Johnson Stores produce and sell face powder called the ‘Success’ in cases. Each case is sold for £80. The following information relates to the product...

Q: Gammaro Company uses standard costing. Tim St. Germaine, the

Gammaro Company uses standard costing. Tim St. Germaine, the new president of Gammaro Company, is presented with the following data for 2020: Required 1. At what percentage of denominator level was t...