Questions from Managerial Accounting

Q: Woodinville Cement uses a process costing system. In 2017, the

Woodinville Cement uses a process costing system. In 2017, the company produced and sold 100,000 bags of cement and incurred the following costs: The current selling price is $4 per unit, and the pro...

Q: Techno Enterprises is a manufacturer of microchips (referred to as chips

Techno Enterprises is a manufacturer of microchips (referred to as chips). Its production process is complex and involves more than 100 steps, starting with production of small, round silicon wafers a...

Q: Write a paragraph explaining the calculation of the cost per equivalent unit

Write a paragraph explaining the calculation of the cost per equivalent unit (i.e., explain what goes in the numerator and what goes in the denominator of the calculation). Be sure to explain why the...

Q: In each case below, fill in the missing amount.

In each case below, fill in the missing amount.

Q: The McMillian Tire Company produces tires used on small trailers. The

The McMillian Tire Company produces tires used on small trailers. The month of June ended with 600 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to conversio...

Q: For the month of September, the Wilber Pickle Company had cost

For the month of September, the Wilber Pickle Company had cost per equivalent unit of $0.80 for materials (pickles, vinegar, spices, etc.) and $.90 for conversion costs (labor and overhead). At Wilber...

Q: Magi-Clean Vacuum produces a single product, a vacuum cleaner

Magi-Clean Vacuum produces a single product, a vacuum cleaner, in a continuous production process. At the beginning of production, 85 percent of materials are added; the other 15 percent are added imm...

Q: Tempe Chemicals refines a variety of chemicals for cleaning products. The

Tempe Chemicals refines a variety of chemicals for cleaning products. The following data are from the company’s Greenville plant: Work in Process, May 1 2,300,000 gallons Direct material 100% complete...

Q: The Sacramento plant of Montero Food Corporation produces a gourmet cheese.

The Sacramento plant of Montero Food Corporation produces a gourmet cheese. The following data pertain to the year ended December 31, 2017: During the year, the company started 200,000 pounds of mate...

Q: What is horizontal analysis? Vertical analysis? Should both horizontal and

What is horizontal analysis? Vertical analysis? Should both horizontal and vertical analyses be done? Why?