Questions from Managerial Accounting

Q: California Housewares’ Merced Division is a small manufacturer of wooden household items

California Housewares’ Merced Division is a small manufacturer of wooden household items. Al Rivkin, divisional controller, plans to implement a standard-costing system. Rivkin has collected informati...

Q: Ozarks Camping Equipment, Inc., has established the following direct-

Ozarks Camping Equipment, Inc., has established the following direct-material standards for its two products. During May, the company purchased 4,200 yards of tent fabric for its standard model at a...

Q: Execucraft, Inc., manufactures upholstered office chairs. The standard cost

Execucraft, Inc., manufactures upholstered office chairs. The standard cost for material and labor is $89.20 per chair. This includes 8 kilograms of direct material at a standard cost of $5.00 per kil...

Q: McCartney Company manufactures guitars. The company uses a standard, job

McCartney Company manufactures guitars. The company uses a standard, job-order cost accounting system in two production departments. In the Construction Department the wooden guitars are built by high...

Q: Show, using T-accounts, how production overhead is added

Show, using T-accounts, how production overhead is added to Work-in-Process Inventory when standard costing is used.

Q: Write the formula for ROI, showing sales margin and capital turnover

Write the formula for ROI, showing sales margin and capital turnover as its components.

Q: Due to evaporation during production, Plasto Company requires 4 pounds of

Due to evaporation during production, Plasto Company requires 4 pounds of material input for every 3 pounds of good plastic sheets manufactured. During May, the company produced 6,000 pounds of good s...

Q: For each of the following costs, indicate whether the amount is

For each of the following costs, indicate whether the amount is a direct or indirect cost of the equipment maintenance department. Also indicate whether each cost is at least partially controllable by...

Q: Global Communications, Inc. manufactures communications satellites used in TV signal

Global Communications, Inc. manufactures communications satellites used in TV signal transmission. The firm currently purchases one component for its satellites from a European firm. A Global Communic...

Q: Maria Chavez makes custom mooring covers for boats in Tumpa, Florida

Maria Chavez makes custom mooring covers for boats in Tumpa, Florida. Each mooring cover is hand sewn to fit a particular boat. If covers are made for two or more identical boats, each successive cove...