Questions from Cost Accounting


Q: Refer to Exercise 13-25. Required 1.

Refer to Exercise 13-25. Required 1. Calculate the amount and cost of (a) unused manufacturing capacity and (b) unused selling and customer-service capacity at the beginning of 2020 based on actual...

See Answer

Q: Krater Associates is an architectural firm that has been in practice only

Krater Associates is an architectural firm that has been in practice only a few years. Because it is a relatively new firm, the market for the firm’s services is very competitive. To...

See Answer

Q: Refer to Exercise 13-29. Required 1.

Refer to Exercise 13-29. Required 1. Calculate the operating income of Krater Associates in 2019 and 2020. 2. Calculate the growth, price-recovery, and productivity components that explain the change...

See Answer

Q: Suppose that during 2020, the market for architectural jobs increases by

Suppose that during 2020, the market for architectural jobs increases by 10%. Assume that any increase in market share more than 10% and any decrease in selling price are the result of strategic choic...

See Answer

Q: Refer to Exercise 13-29. Required 1.

Refer to Exercise 13-29. Required 1. Calculate the amount and cost of unused architectural support capacity at the beginning of 2020, based on the number of jobs actually done in 2020. 2. Suppose Kra...

See Answer

Q: Europa Associates prepares architectural drawings to conform to local structural-safety

Europa Associates prepares architectural drawings to conform to local structural-safety codes. Its income statement for 2020 is as follows: The percentage of time spent by professional staff on variou...

See Answer

Q: Snappy Tiles is a small distributor of marble tiles. Snappy identifies

Snappy Tiles is a small distributor of marble tiles. Snappy identifies its three major activities and cost pools as ordering, receiving and storage, and ship- ping, and it reports the following detail...

See Answer

Q: Neuro Instruments uses a manufacturing costing system with one direct-cost

Neuro Instruments uses a manufacturing costing system with one direct-cost category (direct materials) and three indirect-cost categories: a. Setup, production-order, and materials-handling costs that...

See Answer

Q: Sun Systems provides energy audits in residential areas of southern Ohio.

Sun Systems provides energy audits in residential areas of southern Ohio. The energy audits provide information to homeowners on the benefits of solar energy. A consultant from Sun Systems educates th...

See Answer

Q: Pfizer, a pharmaceutical company, incurs the following costs:

Pfizer, a pharmaceutical company, incurs the following costs: a. Payment of booth registration fee at a medical conference to promote new products to physicians b. Cost of redesigning an insulin syrin...

See Answer