Questions from Cost Management

Q: Refer to Brief Exercise 9-9. Required:

Refer to Brief Exercise 9-9. Required: 1. Calculate the yield ratio based on the standard amounts given. 2. Calculate the standard cost per pound of the yield (rounded to the nearest cent). 3. Calcula...

Q: Guillermo’s Oil and Lube Company provided the following information for the production

Guillermo’s Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oil changes performed: 980 Actual number of quarts of o...

Q: Jean and Tom Perritz own and manage Happy Home Helpers, Inc

Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On avera...

Q: Guillermo’s Oil and Lube Company provided the following information for the production

Guillermo’s Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oil changes performed: 980 Actual number of direct labo...

Q: Kavallia Company set a standard cost for one item at $328

Kavallia Company set a standard cost for one item at $328,000; allowable deviation is ± $14,500. Actual costs for the past six months are as follows: June $330,500 July 343,000 August 346,800 Septembe...

Q: Yohan Company has the following balances in its direct materials and direct

Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end: Unadjusted Cost of Goods Sold equals $1,500,000, unadjusted Work in Process equals $236...

Q: Standish Company manufactures consumer products and provided the following information for the

Standish Company manufactures consumer products and provided the following information for the month of February: Units produced 131,000 Standard direct labor hours per unit 0.20 Standard variable ove...

Q: Refer to Brief Exercise 9-6. Required:

Refer to Brief Exercise 9-6. Required: 1. Calculate the variable overhead spending variance using the formula approach. (If you compute the actual variable overhead rate, carry your computations out t...

Q: Standish Company manufactures consumer products and provided the following information for the

Standish Company manufactures consumer products and provided the following information for the month of February: Units produced 131,000 Standard direct labor hours per unit 0.20 Standard fixed overhe...

Q: Mangia Pizza Company makes frozen pizzas that are sold through grocery stores

Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas...