Questions from Cost Management

Q: Adams Manufacturing’s five manufacturing departments had the following operating and cost information

Adams Manufacturing’s five manufacturing departments had the following operating and cost information for the two most recent months of activity: Required: Identify whether the cos...

Q: Habib Manufacturing has five manufacuring departments and operating and cost information for

Habib Manufacturing has five manufacuring departments and operating and cost information for the two most recent months of activity. Required: Identify whether the cost in each department is fixed,...

Q: Zipcar (www.zipcar.com) is a car sharing

Zipcar (www.zipcar.com) is a car sharing club founded in Cambridge, MA in 1999. The club members pay an annual fee and then have the opportunity to rent from a pool of available cars for a fixed hourl...

Q: Billy Bob's Manufacturing had the following data for the fiscal year ended

Billy Bob's Manufacturing had the following data for the fiscal year ended December 31. Direct Materials Inventory, January 1 ……………………………….. $ 30,000 Direct materials purchases ………………………………………………… 35...

Q: The American Institute of CPAs (AICPA) and the Hackett Group

The American Institute of CPAs (AICPA) and the Hackett Group, a consulting firm, partnered to study the trends in the nature and amount spent on the accounting function in corporations. A key finding...

Q: Company A has 50% of its total variable manufacturing cost in

Company A has 50% of its total variable manufacturing cost in labor and the other 50% in fuel cost. Company B has 80% of its total variable manufacturing cost in labor and the remainder in fuel cost....

Q: Pet Partner is a small company that provides per boarding, grooming

Pet Partner is a small company that provides per boarding, grooming and minor medical services for dogs and cats. The company has been successful for its first three years because of its careful att...

Q: Papa’s Pizza Heaven serves take-out pizza from three locations in

Papa’s Pizza Heaven serves take-out pizza from three locations in Columbus, Maryland. Papa’s considers each pizza delivered (even if the order is for two or more pizzas) as the cost object for the com...

Q: Erkens Company uses a job costing system with normal costing and applies

Erkens Company uses a job costing system with normal costing and applies factory overhead on the basis of machine-hours. At the beginning of the year, management estimated that the company would incur...

Q: Alles Company uses a job costing system that applies factory overhead on

Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in process on February 1. During the month of February, the company worked on the...