Questions from Managerial Accounting

Q: Pelligrini, Inc. makes high-quality swimsuits. During the

Pelligrini, Inc. makes high-quality swimsuits. During the year, the company produced 800 suits, using 1,025 yards of material, and the company purchased 900 yards of material for $4,482. The direct ma...

Q: ImpressMe Products embosses notebooks with school and corporate logos. Last year

ImpressMe Products embosses notebooks with school and corporate logos. Last year, the company’s direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per...

Q: Pochard Paints manufactures artist’s oil paints. Each 40 ml tube of

Pochard Paints manufactures artist’s oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard labor rate is $9.00 per direct labor hour. In September, Pochard incurred...

Q: Workers at Banner News were paid a total of $33,

Workers at Banner News were paid a total of $33,400 during the month of July. The company’s standard wage rate was $8 per hour, and the direct labor rate variance for the month was $1,400 U. Required...

Q: Holleyman Industries is a leading manufacturer of golf balls. Each golf

Holleyman Industries is a leading manufacturer of golf balls. Each golf ball requires 1 minute of direct labor time to complete. Holleyman used 7,200 direct labor hours in July to produce 420,000 golf...

Q: Buddie Paper Company produces specialty papers. During August, the company

Buddie Paper Company produces specialty papers. During August, the company produced 50,000 reams of paper. The standard wage rate is $7.50 per hour, and each ream of paper requires 12 minutes of direc...

Q: The following information is available for Harrison’s Hot Dogs:

The following information is available for Harrison’s Hot Dogs: Actual production…………………………………………..12,320 packages Budgeted production………………………………………12,500 packages Standard direct labor hours…………….1...

Q: Delectable Dish Printery publishes the best-selling Captain Cajun Cookbook that

Delectable Dish Printery publishes the best-selling Captain Cajun Cookbook that sells for $8. The company incurs variable costs of $3 per cookbook and total fixed costs are $300,000. Required: If the...

Q: Merkt Merchandise planned to produce 40,000 fleece jackets in its

Merkt Merchandise planned to produce 40,000 fleece jackets in its Metairie, Louisiana, factory. Fixed overhead costs for the factory were budgeted to be $520,000. The company actually spent $534,000 o...

Q: Scott Sykes publishes a pilot training course curriculum kit that he sells

Scott Sykes publishes a pilot training course curriculum kit that he sells to fl ight schools across the country. He prepared the following static budget for the year based on expected sales of 30,000...