Questions from Managerial Accounting

Q: Kegler Company has set the following standard costs per unit for the

Kegler Company has set the following standard costs per unit for the product it manufactures. Direct materials (15 Ibs. @ $4 per Ib.). . . . . . . . . . . $ 60.00 Direct labor (3 hrs. @ $15 per hr.)...

Q: Boss Company’s standard cost accounting system recorded this information from its December

Boss Company’s standard cost accounting system recorded this information from its Decemberoperations. Standard direct materials cost . . . . . . . . . . . . . . . . . . . . . . . $100,000 Direct mat...

Q: Kryll Company set the following standard unit costs for its single product

Kryll Company set the following standard unit costs for its single product. Direct materials (25 Ibs. @ $4 per Ib.) . . . . . . . . . . . . . . . . . . . $100.00 Direct labor (6 hrs. @ $8 per hr.) ....

Q: Refer to information in Problem 8-1B. In

Refer to information in Problem 8-1B. In Problem 8-1B Kryll Company set the following standard unit costs for its single product. Direct materials (25 Ibs. @ $4 per Ib.) . . . . . . . . . . . . . ....

Q: Tohono Company’s 2013 master budget included the following fixed budget report.

Tohono Company’s 2013 master budget included the following fixed budget report. It is based on an expected production and sales volume of 20,000 units. Required1. Classify all item...

Q: Refer to the information in Problem 8-3B. Tohono Company’s

Refer to the information in Problem 8-3B. Tohono Company’s actual income statement for 2013 follows. In Problem 8-3B Tohono Company’s 2013 master budget included...

Q: Suncoast Company set the following standard costs for one unit of its

Suncoast Company set the following standard costs for one unit of its product. Direct materials (4.5 lb. @ $6 per kg.) . . . . . . . . . . $27 Direct labor (1.5 hrs. @ $12 per hr.) . . . . . . . . ....

Q: Guadelupe Company has set the following standard costs per unit for the

Guadelupe Company has set the following standard costs per unit for the product it manufactures. Direct materials (10 lbs. @ $3.00 per lb.) . . . . . . . . . . . $30.00 Direct labor (4 hr. @ $6 per h...

Q: Kenya Company’s standard cost accounting system recorded this information from its June

Kenya Company’s standard cost accounting system recorded this information from its June operations. Standard direct materials cost . . . . . . . . . . . . . . . . . . . . . . . . $130,000 Direct mate...

Q: Beech Company sold 105,000 units of its product in May

Beech Company sold 105,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,300,000; variable costs, $750,000; and fixed costs, $300,000....