Questions from Cost Accounting

Q: The following balances appear on the accounts of Greusel Fabrication:

The following balances appear on the accounts of Greusel Fabrication: Direct materials used during the month amount to $525,000 and the cost of goods sold for the month was $1,436,000. Required Find t...

Q: The following balances (in thousands of dollars) are from the

The following balances (in thousands of dollars) are from the accounts of Birwood Furniture: Direct materials used during the year amount to $1,096,000 and the cost of goods sold for the year was $1,2...

Q: Harbor Island Investments (HII) is a discount brokerage firm offering

Harbor Island Investments (HII) is a discount brokerage firm offering clients investment advice, trading services, and a variety of mutual funds for investment. HII has collected the following informa...

Q: Tuscola Counseling Services is a small firm that advises job seekers on

Tuscola Counseling Services is a small firm that advises job seekers on both employment and education alternatives. Robert Gibson, the founder and president, has collected the following information fo...

Q: The following data are available for Gray Services for the month just

The following data are available for Gray Services for the month just ended: Required Find the following by completing a cost of services sold statement. a. Marketing and administrative costs. b. Cost...

Q: Refer to the data for Charlevoix Cases in Exercise 3-33

Refer to the data for Charlevoix Cases in Exercise 3-33. Required Using the Goal Seek function in Microsoft Excel: a. What number must Charlevoix Cases sell to break even? b. What number must Charlevo...

Q: The cost structure of Dennis’s Retail Mart is dominated by variable costs

The cost structure of Dennis’s Retail Mart is dominated by variable costs with a contribution margin ratio of .30 and fixed costs of $60,000. Every dollar of sales contributes 30 cents toward fixed co...

Q: Consider a bank that offers both online and branch access for customers

Consider a bank that offers both online and branch access for customers. Based on the estimated costs of service through the two channels, the bank has decided it should motivate customers to use onli...

Q: Couzen’s Company’s cost structure is dominated by variable costs with a contribution

Couzen’s Company’s cost structure is dominated by variable costs with a contribution margin ratio of .25 and fixed costs of $450,000. Every dollar of sales contributes 25 cents toward fixed costs and...

Q: Northampton City Tours (NCT) offers personalized historical and architectural tours

Northampton City Tours (NCT) offers personalized historical and architectural tours in a large midwestern city and the local suburbs. NCT charges $350 per trip to or from the airport. The variable cos...