Questions from Cost Accounting


Q: Rogell Academic Services (RAS) provides tutoring and test preparation services

Rogell Academic Services (RAS) provides tutoring and test preparation services for children and young adults. Employees include a director and six facilitators. The director manages all marketing and...

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Q: The records of Tillman Corporation’s initial and unaudited accounts show the following

The records of Tillman Corporation’s initial and unaudited accounts show the following ending inventory balances, which must be adjusted to actual costs: As the auditor, you have lea...

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Q: Cranshaw Business Services (CBS) operates an information technology (IT

Cranshaw Business Services (CBS) operates an information technology (IT) consulting firm out of two offices: Detroit and Los Angeles. Corporate services, such as legal, finance, and personnel, are cen...

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Q: On April 1, two jobs were in process at Hartwell Contracting

On April 1, two jobs were in process at Hartwell Contracting. Details of the jobs follow: The Materials Inventory account on April 1 totaled $7,900. Materials purchased during the month totaled $17,10...

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Q: Refer to the facts in Problem 8-64. Required

Refer to the facts in Problem 8-64. Required The financial managers at Ambassador Lubricants are trying to decide between whether to continue using the weighted-average method or switch to FIFO. They...

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Q: Hyde Restorations rebuilds factory facilities. It employs 130 full-time

Hyde Restorations rebuilds factory facilities. It employs 130 full-time workers at $25 per hour. Despite operating at capacity, last year’s performance was a great disappointment to...

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Q: Manor Painting is a commercial interior and exterior painting contractor specializing in

Manor Painting is a commercial interior and exterior painting contractor specializing in commercial buildings. An inventory of materials and equipment is on hand at all times, so work can start as qui...

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Q: The following financial information about the manufacturing plant of Continental Company for

The following financial information about the manufacturing plant of Continental Company for the year-to-date and the month of July appears on the company’s records: A count of the i...

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Q: Mechanic Implements manufactures miscellaneous parts for building construction and maintenance. The

Mechanic Implements manufactures miscellaneous parts for building construction and maintenance. The company uses a normal job costing system and overhead is applied on the basis of direct labor cost....

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Q: Accounting records for Antoinette Designs (AD) for November show the

Accounting records for Antoinette Designs (AD) for November show the following (each entry is the total of the actual entries for the account for the month): The Work-in-Process Inventory ending accou...

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