Questions from Managerial Accounting

Q: Hielta Oy, a Finnish company, processes wood pulp for various

Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Required: 1. Compute the number...

Q: Olongapo Sports Corporation is the distributor in the Philippines of two premium

Olongapo Sports Corporation is the distributor in the Philippines of two premium golf balls—the Flight Dynamic and the Sure Shot. Monthly sales, expressed in pesos (P), and the contr...

Q: Pureform, Inc., manufactures a product that passes through two departments

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow: The beginning work in process inventory was 80% complete with resp...

Q: Helix Corporation produces prefabricated flooring in a series of steps carried out

Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginn...

Q: Lucido Products markets two computer games: Claim jumper and Makeover.

Lucido Products markets two computer games: Claim jumper and Makeover. A contribution format income statement for a recent month for the two games appears on the following page: Required: 1. Compute...

Q: Scribners Corporation produces fi ne papers in three production departments—Pulping

Scribners Corporation produces fi ne papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton...

Q: Whirly Corporation’s most recent income statement is shown below: /

Whirly Corporation’s most recent income statement is shown below: Required: Prepare a new contribution format income statement under each of the following conditions (consider each...

Q: Superior Micro Products uses the FIFO method in its process costing system

Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Required: Compute the cost per equivalent unit for materials, labour...

Q: Data concerning a recent period’s activity in the Assembly Department, the

Data concerning a recent period’s activity in the Assembly Department, the first processing department in a company that uses process costing, appear below: A total of 26,000 units...

Q: Refer to the data for the Blending Department of Sunspots Beverages,

Refer to the data for the Blending Department of Sunspots Beverages, Ltd., in Problem 4–13. Assume that the company uses the FIFO method rather than the weighted-average method in its process costing...