Questions from Cost Management

Q: Privacy Window and Wall Treatments Company provides draperies, shades, and

Privacy Window and Wall Treatments Company provides draperies, shades, and various window treatments. Privacy works with the customer to design the appropriate window treatment, places the order, and...

Q: Kaune Food Products Company manufactures canned mixed nuts with an average manufacturing

Kaune Food Products Company manufactures canned mixed nuts with an average manufacturing cost of $52 per case (a case contains 24 cans of nuts). Kaune sold 150,000 cases last year to the following thr...

Q: Pattison Products, Inc., began operations in October and manufactured 40

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit costs: Direct materials $5.00 Direct labor 3.00 Variable overhead 1.50 Fixed...

Q: McGarvey Manufacturing Company had the following 12 months of data on purchasing

McGarvey Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Required: 1. Determine the high point and the low point. 2. Calculate the variable...

Q: Refer to Brief Exercise 18-3. Required:

Refer to Brief Exercise 18-3. Required: 1. Calculate the cost of each unit using variable costing. 2. How many units remain in ending inventory? What is the cost of ending inventory using variable cos...

Q: Holland Company is a garden products wholesale firm. In December,

Holland Company is a garden products wholesale firm. In December, Holland Company expects to sell 84,000 bags of vegetable fertilizer at an average price of $8.75 per bag. Actual results are 85,000 ba...

Q: Ioannis Inc., produces and sells two types of countertop ovens—

Ioannis Inc., produces and sells two types of countertop ovens—the toaster oven and the convection oven. Budgeted and actual data for the two models are shown below. Budgeted Amounts...

Q: Refer to Brief Exercise 18-6. Required:

Refer to Brief Exercise 18-6. Required: 1. Calculate the budgeted average unit contribution margin. (Round unit contribution margin to the nearest cent.) 2. Calculate the contribution margin volume va...

Q: Refer to Brief Exercise 18-6. Required:

Refer to Brief Exercise 18-6. Required: 1. Calculate the sales mix variance. 2. What if actual units sold of the toaster oven increased? How would that affect the sales mix variance? What if actual un...

Q: Katie’s Coffee Makers Inc. projected budgeted unit sales for the entire

Katie’s Coffee Makers Inc. projected budgeted unit sales for the entire specialized coffee maker industry to be 2,500,000 (of all model types), and actual unit sales for the industry...