Questions from Cost Accounting

Q: Refer to the information in Exercises 16-38 and 16-

Refer to the information in Exercises 16-38 and 16-39. During the year, the company purchased 320,000 pounds of material and employed 32,500 hours of direct labor. Required a. Compute the direct mater...

Q: Rankin Fabrication reports the following information with respect to its direct materials

Rankin Fabrication reports the following information with respect to its direct materials: Rankin Fabrication holds no materials inventories. Required a. Prepare a short report for Rankinâ€...

Q: Coe Parts applies fixed overhead at the rate of $6.

Coe Parts applies fixed overhead at the rate of $6.80 per unit. Budgeted fixed overhead was $197,200. This month 28,120 units were produced, and actual fixed overhead was $192,100. Required a. What ar...

Q: Annland Components applies fixed overhead at the rate of $5.

Annland Components applies fixed overhead at the rate of $5.10 per unit. For October, budgeted fixed overhead was $513,825. The production volume variance amounted to $3,825 favorable, and the price v...

Q: When would you advise a firm to use direct intervention to set

When would you advise a firm to use direct intervention to set transfer prices? What are the disadvantages of such a practice?

Q: Refer to the information in Exercises 16-38 and 16-

Refer to the information in Exercises 16-38 and 16-39. Required What are the fixed overhead price and production volume variances for Golden Food Products? Exercise 16-38: Exercise 16-39:

Q: The (partial) cost sheet for the single product manufactured at

The (partial) cost sheet for the single product manufactured at Briarcliff Corporation follows: The master budget level of production is 45,000 direct labor-hours, which is also the production volume...

Q: The River Plant of Carlisle, Inc. produces a particular metal

The River Plant of Carlisle, Inc. produces a particular metal fixture used in aerospace and maritime industries. The following information is available for the last operating month: ∙...

Q: Refer to the information in Exercise 17-22. Assume that

Refer to the information in Exercise 17-22. Assume that Fischer Fabrication had no beginning finished goods inventory and only produced one product. A count of inventory showed that 4,400 units remain...

Q: Gerisch Consolidated sold 21,150 units of its only product last

Gerisch Consolidated sold 21,150 units of its only product last period. It had budgeted sales of 24,300 units based on an expected market share of 25 percent. The sales activity variance for the perio...