Questions from Cost Accounting

Q: Brandon Technology makes two models of a specialized sensor for the aerospace

Brandon Technology makes two models of a specialized sensor for the aerospace industry. The difference in the two models relates to the required accuracy of the sensor. The Standard model is used for...

Q: How does a value income statement differ from a gross margin income

How does a value income statement differ from a gross margin income statement? From a contribution margin income statement?

Q: Leach Finishing makes various metal fittings for the construction industry. Three

Leach Finishing makes various metal fittings for the construction industry. Three of the fittings, models X-12, X-24, and X-30, require grinding on a patented machine of which Leach has only one. The...

Q: Kirby Fasteners supplies the electronics industry with accessories for cases, disc

Kirby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so on. Below are the costs and volumes for the past six months at its Plant #6: Required a. Use the h...

Q: Witherell Musum of Technology (WMT) provides the following data on

Witherell Musum of Technology (WMT) provides the following data on the costs of maintenance and the number of visitors for the last four quarters: Required a. Use the high-low method to estimate the f...

Q: Fiske Corporation manufactures a popular regional brand of kitchen utensils. The

Fiske Corporation manufactures a popular regional brand of kitchen utensils. The design and variety have been fairly constant over the last three years. The managers at Fiske are planning for some cha...

Q: Refer to the information in Exercise 5-36 for Fiske Corporation

Refer to the information in Exercise 5-36 for Fiske Corporation. Required a. Use the high-low method to estimate the fixed and variable portions of factory costs based on machine-hours. b. Managers ex...

Q: Refer to the data and results from Exercises 5-36 through

Refer to the data and results from Exercises 5-36 through 5-42 for Fiske Corporation. Managers at Fiske Corporation are unsure which estimate of factory costs should be used next quarter and have aske...

Q: Waveney DIY Centers (WDC) operates a few dozen stores in

Waveney DIY Centers (WDC) operates a few dozen stores in the eastern United States. The stores are popular with home remodelers, contractors, and do-it-yourself customers. The managers at Waveney are...

Q: Refer to the information in Exercise 5-44 for Waveney DIY

Refer to the information in Exercise 5-44 for Waveney DIY Centers. Required a. Use the high-low method to estimate the fixed and variable portions of store costs based on store area. b. The managers i...