Questions from Management Accounting

Q: Nolton-Ragnvald AS uses a standard costing system. It allocates

Nolton-Ragnvald AS uses a standard costing system. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). Nolton dev...

Q: MadetojaOy’s job-costing system has two direct-cost categories:

MadetojaOy’s job-costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to prod...

Q: Lavertezzo allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing

Lavertezzo allocates fixed manufacturing overhead to each suit using budgeted direct manufacturing labor-hours per suit. Data pertaining to fixed manufacturing overhead costs for June 2018 are budgete...

Q: L’Evénement du Demarche budgets to produce 300 000 copies of its monthly

L’Evénement du Demarche budgets to produce 300 000 copies of its monthly newspaper for August 2018. It is budgeted to run 15 000 000 print pages in August with 50 print...

Q: Henriksen AS manufactures and sells packaging machines. It recently used an

Henriksen AS manufactures and sells packaging machines. It recently used an activity-based approach to refine the job-costing system at its Vejle plant. The resulting job-costing system has one direct...

Q: Willem Nijmegen manages the warehouse of Stinted NV, a mail-

Willem Nijmegen manages the warehouse of Stinted NV, a mail-order firm. Nijmegen is concerned about controlling the fixed costs of the 20 workers who collect merchandise in the warehouse and bring it...

Q: Migratory Ltd, which manufactures a single product, uses standard absorption

Migratory Ltd, which manufactures a single product, uses standard absorption costing. A summary of the standard product cost is as follows: Budgeted and actual production for last month were 10 000 un...

Q: Coaldale Ltd manufactures and sells product CC. The company operates a

Coaldale Ltd manufactures and sells product CC. The company operates a standard marginal costing system. The standard cost card for CC includes the following: The budgeted and actual activity levels f...

Q: Braithwaite Ltd manufactures and sells a single product. The following data

Braithwaite Ltd manufactures and sells a single product. The following data have been extracted from the current year’s budget: The company’s production capacity is...

Q: PP Ltd operates a standard absorption costing system. The following information

PP Ltd operates a standard absorption costing system. The following information has been extracted from the standard cost card for one of its products: Actual results for the period were as follows: I...