Questions from Cost Accounting

Q: Shirley Processing, Inc. (SPI) makes adhesive tape and

Shirley Processing, Inc. (SPI) makes adhesive tape and uses a FIFO process costing system. The following information shows the physical flow of units and costs for the month of March: Required a. Comp...

Q: Devereaux Cycles makes three models of scooter: Commuter, Sport,

Devereaux Cycles makes three models of scooter: Commuter, Sport, and X-treme. The scooters are produced in four departments: Assembly, Detailing, Customization, and Packaging. All three models are sta...

Q: Hedwig Optical makes three models of binoculars: Travel, Sport,

Hedwig Optical makes three models of binoculars: Travel, Sport, and Pro. The models differ by the size of the casing and the quality of the optics. The binoculars are produced in two departments. The...

Q: Refer to the data in Exercise 8-34. Required

Refer to the data in Exercise 8-34. Required a. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Inc. uses the weighted-average method. b. Comput...

Q: In computing the cost per equivalent unit, the weighted-average

In computing the cost per equivalent unit, the weighted-average method considers a. Current costs less costs in beginning WIP inventory. b. Current costs plus the cost of ending WIP inventory. c. Curr...

Q: The following cost information is available for July for the Crest Plant

The following cost information is available for July for the Crest Plant at Calvert Company: Materials are added at the beginning of the process. The following quantities have been recorded: â&#...

Q: Using the data in Exercise 8-41, compute the cost

Using the data in Exercise 8-41, compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method. Exercise 8-41:

Q: Refer to the information in Exercise 9-36. Required

Refer to the information in Exercise 9-36. Required a. Compute the unit costs for the two products, G-09 and G-35, using the current costing system at Heidelberg (using machine-hours as the allocation...

Q: Heintz Products uses activity-based costing to account for product costs

Heintz Products uses activity-based costing to account for product costs. The plant manager has estimated the following cost drivers and rates. Direct materials costs were $480,000 and direct labor co...

Q: LaFontaine Accessories makes a variety of computer bags, carrier bags,

LaFontaine Accessories makes a variety of computer bags, carrier bags, and so on. LaFontaine uses activity-based costing for its products. The production manager has identified the following cost driv...