Questions from Cost Accounting

Q: Proctor Cleaning Products manufactures a product using a process that allows for

Proctor Cleaning Products manufactures a product using a process that allows for substitution between two materials, X-1 and Y-7. The company has the following direct materials data for its product: T...

Q: A rush order for a major customer has led to considerable overtime

A rush order for a major customer has led to considerable overtime and an unfavorable variance for production costs. Is this variance the responsibility of the marketing manager, the production manage...

Q: Windward Chemicals produces a product using a process that allows for substitution

Windward Chemicals produces a product using a process that allows for substitution between two materials, Sol-1 and Sol-2. The company has the following direct materials data for its product: The comp...

Q: Casino Pest Control (CPC) provides services to residential households by

Casino Pest Control (CPC) provides services to residential households by an application of a special chemical mix that varies somewhat in proportion based on environmental factors. CPC mixes two chemi...

Q: Pembridge Burritos has two categories of direct labor: unskilled, which

Pembridge Burritos has two categories of direct labor: unskilled, which costs $16 per hour, and skilled, which costs $30 per hour. Management has established standards per “meal,&aci...

Q: Kentford Associates is a small professional services firm. Last month,

Kentford Associates is a small professional services firm. Last month, Kentford billed more hours than expected, and profits reflected this. Required Prepare a flexible budget for Kentford. Use billab...

Q: Refer to the data in Exercise 17-38. Required

Refer to the data in Exercise 17-38. Required Prepare a sales activity variance analysis like the one in Exhibit 16.4 of the previous chapter. Exercise 17-38:

Q: Refer to the data in Exercise 17-38. Required

Refer to the data in Exercise 17-38. Required Prepare a profit variance analysis for Kentford Associates like the one in Exhibit 16.5 of the previous chapter. Exercise 17-38:

Q: Oakman Accounting Partners is a small tax and accounting services firm.

Oakman Accounting Partners is a small tax and accounting services firm. Each billable hour of partner time has a $960 budgeted price and $450 budgeted variable cost. Each billable hour of staff time h...

Q: The standard direct labor cost per call for Crescent Call Centers (

The standard direct labor cost per call for Crescent Call Centers (CCC) is $5.25 (= $21 per labor hour ÷ 4 calls per hour). Actual direct labor costs during the period totaled $82,810. Also during the...