Questions from Cost Accounting


Q: Trombly Travel Products (TTP) manufactures and sells travel bags and

Trombly Travel Products (TTP) manufactures and sells travel bags and accessories. TTP produces backpacks at its West Street plant. The different backpack models are identified by the primary material...

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Q: As the representative of the local accounting club, you have been

As the representative of the local accounting club, you have been asked by the dean to help them understand the costs of the different degrees offered at the school. You decide to use an activity-base...

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Q: Refer to the information in Exercise 9-31. The manager

Refer to the information in Exercise 9-31. The manager of the Los Angeles office is now unhappy with the results of the controller’s study. The manager asks the controller to develop...

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Q: After reviewing the new activity-based costing system that Nancy Chen

After reviewing the new activity-based costing system that Nancy Chen has implemented at IVC’s CenterPoint manufacturing facility, Tom Spencer, the production supervisor, believes that he can reduce p...

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Q: Benton Corporation manufactures computer microphones, which come in two models:

Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Data for a representative quarter for the two models follow: Manufacturing overhead in the plant h...

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Q: Refer to the information in Exercise 9-34. Required

Refer to the information in Exercise 9-34. Required a. Compute the unit costs for the two products, Standard and Premium, using the current costing system at Benton (using direct labor costs as the al...

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Q: The Philip County Historical Society (PCHS) collects and displays historical

The Philip County Historical Society (PCHS) collects and displays historical artifacts from the local area. One of its services is dedicated tours. PCHS offers dedicated tours to two groups: the gener...

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Q: Refer to the data in Exercise 9-38. Required

Refer to the data in Exercise 9-38. Required a. Compute the unit (per visitor) costs for the two tour types (public and donor) assuming PCHS uses the current cost system. b. Compute the unit (per visi...

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Q: Richard’s Events provides catering services, among other services. The company

Richard’s Events provides catering services, among other services. The company has adopted activity-based costing (ABC) for the catering services. The ABC system classifies activitie...

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Q: Asbury Coffee Enterprises (ACE) manufactures two models of coffee grinders

Asbury Coffee Enterprises (ACE) manufactures two models of coffee grinders: Personal and Commercial. The Personal grinders have a smaller capacity and are less durable than the Commercial grinders. AC...

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