Questions from Cost Accounting

Q: CoreTech Laboratories does heat testing (HT) and stress testing (

CoreTech Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, CoreTech aggregates all operating costs of $1,800,0...

Q: The Walliston Group (WG) provides tax advice to multinational firms

The Walliston Group (WG) provides tax advice to multinational firms. WG charges clients for (a) direct professional time (at an hourly rate) and (b) support services (at 30% of the direct professional...

Q: The following data relate to the budget and actual results of Oscar

The following data relate to the budget and actual results of Oscar Enterprises, which produces and sells net balls in France. Use the information above to answer questions 7-16–7-20...

Q: Automotive Products (AP) designs and pro- duces automotive parts

Automotive Products (AP) designs and pro- duces automotive parts. In 2020, actual variable manufacturing overhead is $308,600. AP’s simple costing system allocates variable manufactu...

Q: Triumph Trophies makes trophies and plaques and operates at capacity. Triumph

Triumph Trophies makes trophies and plaques and operates at capacity. Triumph does large custom orders, such as the participant trophies for the Minnetonka Little League. The controller has asked you...

Q: John Bradshaw & Bros Ltd. manufactures different plastic toys for kindergartens

John Bradshaw & Bros Ltd. manufactures different plastic toys for kindergartens in Lagos, Nigeria. Details of the toy production budget for the next accounting year are as follows. Note all costs...

Q: CKM is an architectural firm that designs and builds build- ings

CKM is an architectural firm that designs and builds build- ings. It prices each job on a cost plus 20% basis. Overhead costs in 2020 are $4,011,780. CKM’s simple cost- ing system al...

Q: Aniline Corporation owns a small printing press that prints leaflets, brochures

Aniline Corporation owns a small printing press that prints leaflets, brochures, and advertising materials. Aniline classifies its various printing jobs as standard jobs or special jobs. Anilineâ...

Q: Caleb Enterprises Ltd. manufactures electrical cables for households and industries.

Caleb Enterprises Ltd. manufactures electrical cables for households and industries. The company has identified the following overheads activities, costs, and activity drivers for the coming year. The...

Q: Ramirez Wholesalers operates at capacity and sells furniture items to four department

Ramirez Wholesalers operates at capacity and sells furniture items to four department-store chains (customers). Mr. Ramirez commented, “We apply ABC to deter- mine product-line profi...