Questions from Cost Accounting


Q: Barr Plastics makes parts for a variety of manufacturing applications. Sales

Barr Plastics makes parts for a variety of manufacturing applications. Sales last year totaled $3,060,000. Information regarding resources for the month follows. In addition, Barr spent $90,000 on 60...

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Q: Located in a small town in upstate New York, Terry’s Bakery

Located in a small town in upstate New York, Terry’s Bakery operates a facility that makes pies for retail sale. The facility has the capacity to make 36,000 pies annually. The plant has only two cust...

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Q: Refer to the information in Problem 10-74. The pie

Refer to the information in Problem 10-74. The pie business in this town has two seasons, summer and winter. Each season lasts exactly six months. Panama Food Mart orders 9,000 pies in the summer and...

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Q: Refer to Problems 10-74 and 10-75. The

Refer to Problems 10-74 and 10-75. The owner of Terry’s Bakery now believes that there are really three seasons instead of two, the third being the fall and spring (as a combined sea...

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Q: Remington Agricultural Products (RAP) produces organic cider with no preservatives

Remington Agricultural Products (RAP) produces organic cider with no preservatives. Any production must be sold within a few days, so producing for inventory is not an option. RAP’s single plant has t...

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Q: Refer to the information in Problem 10-77. The organic

Refer to the information in Problem 10-77. The organic cider business has two seasons, holidays and nonholidays. The holiday season lasts exactly four months (although it feels longer), and the nonhol...

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Q: Refer to the information and data in Problem 10-79.

Refer to the information and data in Problem 10-79. After working with the quality system for one year, the cost analyst revisits the relations for conformance and nonconformance costs. During the yea...

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Q: Tennessee Company manufactures a specialized fitting for industrial machinery at the Stephens

Tennessee Company manufactures a specialized fitting for industrial machinery at the Stephens Street Facility. The facility has five departments. Two departments (Casting and Finishing) are production...

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Q: Greendale Office Products has a warehouse that supplies office products to its

Greendale Office Products has a warehouse that supplies office products to its store locations. The warehouse has two service departments, Human Resources (HR) and Information Technology (IT), and two...

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Q: Refer to the information in Exercise 7-36. Required

Refer to the information in Exercise 7-36. Required Prepare an entry to allocate over- or underapplied overhead to a. Work in Process. b. Finished Goods. c. Cost of Goods Sold. Exercise 7-36: Marian...

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