Questions from Management Accounting

Q: Play Time Toys is organised into two major divisions: marketing and

Play Time Toys is organised into two major divisions: marketing and production. The production division is further divided into three departments: puzzles, dolls and video games. Each production depar...

Q: A college student, Brad Worth, plans to sell atomic alarm

A college student, Brad Worth, plans to sell atomic alarm clocks with CD players over the internet and by mail order to help pay his expenses during the summer semester. He buys the clocks for $32 and...

Q: Outline the meaning of structural cost drivers.

Outline the meaning of structural cost drivers.

Q: One Glass Brewery estimates the following activity for the coming year:

One Glass Brewery estimates the following activity for the coming year: At the end of the financial period the following information was collected: Required (a) What was the predetermined manufa...

Q: Shane’s Shovels produces small, custom earth-moving equipment for landscaping

Shane’s Shovels produces small, custom earth-moving equipment for landscaping companies. Manufacturing overhead is allocated to work in process using an estimated overhead rate. Duri...

Q: Franklin Fabrication produces custom-made security doors and gates. Currently

Franklin Fabrication produces custom-made security doors and gates. Currently two jobs are in process, 359 and 360. During production of Job 359, the supervisor was on holidays and the employees made...

Q: Job 87M had direct material costs of $400 and a total

Job 87M had direct material costs of $400 and a total cost of $2100. Overhead is allocated at the rate of 75 per cent of prime cost (direct material and direct labour). Required (a) How much direct l...

Q: Jasper Company uses a job costing system. Overhead is allocated based

Jasper Company uses a job costing system. Overhead is allocated based on 120 per cent of direct labour cost. Last month’s transactions in the work in process account are shown here:...

Q: Langley uses a job costing system. At the beginning of the

Langley uses a job costing system. At the beginning of the month of June, two orders were in process as follows: There was no inventory in finished goods on 1 June. During June, orders numbered 106...

Q: Rebecca Ltd is a manufacturer of machines made to customer specifications.

Rebecca Ltd is a manufacturer of machines made to customer specifications. All production costs are accumulated by means of a job order costing system. The following information is available at the be...