Questions from Cost Accounting

Q: You are a county supervisor for Firwood County and are preparing for

You are a county supervisor for Firwood County and are preparing for the monthly supervisor meeting where the operations of various units are reviewed. One of the units that the county government oper...

Q: La Salle Outfitters organizes wilderness tours. For the most recent touring

La Salle Outfitters organizes wilderness tours. For the most recent touring season, the industry volume variance showed La Salle sold 336 more tours than expected, but the market share variance result...

Q: McKinley City Tours offers small group guided walks. The following information

McKinley City Tours offers small group guided walks. The following information for July provides the original budget: McKinley actually sold 1,440 tours in July. The price variance was $2,880 unfavora...

Q: Goodwin Advisors offers financial advice on an hourly basis. The following

Goodwin Advisors offers financial advice on an hourly basis. The following information for the second quarter is the flexible budget based on the actual volume of 3,500 hours: The master budget for th...

Q: A company is considering using sales revenue (selling price multiplied by

A company is considering using sales revenue (selling price multiplied by sales quantity) as a performance measure for its marketing manager. The newly hired compensation analyst suggests that it migh...

Q: Brace Parts manufactures components for the audiovideo equipment industry. At a

Brace Parts manufactures components for the audiovideo equipment industry. At a recent corporate retreat, the management of Brace reviewed the company strategy and decided that Brace had a strategic a...

Q: Stansbury Stores is a general grocery and convenience items retailer. The

Stansbury Stores is a general grocery and convenience items retailer. The business is quite competitive and margins are thin. The company recently reviewed its performance measurement system and decid...

Q: Write a report to the CEO of Acer Incorporated (a manufacturer

Write a report to the CEO of Acer Incorporated (a manufacturer of laptops) recommending specific benchmark measures. Include specific competitors against which to measure.

Q: Mission statements can be difficult to write, especially for not-

Mission statements can be difficult to write, especially for not-for-profit organizations engaged in charitable work. Consider the following two statements from relief organizations: • American Red Cr...

Q: Each April, it is common to find news articles contrasting executive

Each April, it is common to find news articles contrasting executive pay with firm performance. For example, on April 9, 2009, The Wall Street Journal reported that the top three executives at Kilroy...