Questions from Management Accounting

Q: AKEI is an elite desk manufacturer. At the start of May

AKEI is an elite desk manufacturer. At the start of May 2018, the following budgeted unit amounts (based on a standard costing system) related to its manufacture of executive desks (made out of oak):...

Q: The budgeted prices for direct materials, direct manufacturing labor and direct

The budgeted prices for direct materials, direct manufacturing labor and direct marketing (distribution) labor per attaché case are €40, €8 and â&#...

Q: Ched Ltd manufactures Cheddar cheese pies. For January 2018, it

Ched Ltd manufactures Cheddar cheese pies. For January 2018, it budgeted to purchase and use 15 000 kg of Cheddar cheese at £0.89 per kg; budgeted output was 60 000 pies. Actual purchase and use for...

Q: CJD Ltd manufactures plastic components for the car industry. The following

CJD Ltd manufactures plastic components for the car industry. The following budgeted information is available for three of their key plastic components: The total number of activities for each of the...

Q: Norland-Norge AS produces corporate notebooks. Each notebook is designed

Norland-Norge AS produces corporate notebooks. Each notebook is designed for an individual customer. The company’s operating budget for September 2018 included these data: The actual...

Q: Drogheda Chemical Ltd has set-up the following standards per finished

Drogheda Chemical Ltd has set-up the following standards per finished output unit for direct materials and direct manufacturing labor: The number of finished output units budgeted for March 2018 was...

Q: Drogheda Chemical adopts a continuous improvement approach to setting monthly standards’ costs

Drogheda Chemical adopts a continuous improvement approach to setting monthly standards’ costs. Assume the direct materials standard quantity input of 10 kg per output unit and the direct manufacturin...

Q: Dansk mat AS operates a home meal delivery service. It has

Dansk mat AS operates a home meal delivery service. It has agreements with 20 restaurants to pick up and deliver meals to customers who phone or fax in orders. Dansk mat is currently examining its ove...

Q: The Olsson-Langkilde Air Force Base has an extensive repair facility

The Olsson-Langkilde Air Force Base has an extensive repair facility for jet engines. It developed standard costing and flexible budgets to account for this activity. Budgeted variable overhead at a l...

Q: 1. Prepare a comprehensive set of variances for each of the

1. Prepare a comprehensive set of variances for each of the four categories of cost of L’Evénement du Dimanche. 2. Comment on the results in requirement 1. What extra insights are available with a fle...