Questions from Managerial Accounting

Q: Opticom, Inc. a manufacturer of fiber optic communications equipment,

Opticom, Inc. a manufacturer of fiber optic communications equipment, uses a j ob-order costing system. Since the production process is heavily automated, manufacturing overhead is applied on the basi...

Q: Shawn Toy Company incurred the following costs to produce job number TB78

Shawn Toy Company incurred the following costs to produce job number TB78, which consisted of 1,000 teddy bears that can walk, talk, and play cards. Direct material: 8/11/x0 Requisition number 201: 50...

Q: The following data refer to Mister Munchie, Inc. for the

The following data refer to Mister Munchie, Inc. for the year 20x4. Required: 1. Prepare Mister Munchie’s schedule of cost of goods manufactured for 20x4. 2. Prepare the company&aci...

Q: Cherry Hill Glass Company employs a normal-costing system. The

Cherry Hill Glass Company employs a normal-costing system. The following information pertains to the year just ended. • Total manufacturing costs were $1,250,000. • Cost of goods manufactured was $1,2...

Q: Using graphs, show how a semivariable (or mixed) cost

Using graphs, show how a semivariable (or mixed) cost behavior pattern can be used to approximate (a) a stepvariable cost and (b) a curvilinear cost.

Q: Indicate which of the following descriptions is most likely to describe each

Indicate which of the following descriptions is most likely to describe each cost listed below. Description …….………………………………..………Costs Engineered cost…………… Annual cost of maintaining an interstat...

Q: A cost analyst showed the company president a graph that portrayed the

A cost analyst showed the company president a graph that portrayed the firm’s utility cost as semivariable. The president criticized the graph by saying, “This fixed-cost component doesn’t look right...

Q: List and define the four basic management activities.

List and define the four basic management activities.

Q: What is meant by a learning curve? Explain its role in

What is meant by a learning curve? Explain its role in cost estimation.

Q: (Note: Instructors who wish to cover all three cost-

(Note: Instructors who wish to cover all three cost-estimation methods with the same data set may assign this problem in conjunction with the next one.) Nantucket Marine Supply is a wholesaler for a l...