Questions from Managerial Accounting

Q: Nien Company accumulates the following data for a proposed capital investment:

Nien Company accumulates the following data for a proposed capital investment: cash cost, $215,000; net annual cash flows, $40,000; present value factor of cash inflows for 10 years, 5.65 (rounded). D...

Q: Ronaldo Manufacturing Company uses a standard cost system in accounting for the

Ronaldo Manufacturing Company uses a standard cost system in accounting for the cost of one of its products. The budgeted monthly production is 1,750 units per month. The standard direct labour cost i...

Q: You have been given the following information about the production of Theta

You have been given the following information about the production of Theta Co. and are asked to provide the plant manager with information for a meeting with the vice-president of operations: Determi...

Q: Biotech Inc. applies overhead based on direct labour hours.

Biotech Inc. applies overhead based on direct labour hours. Three direct labour hours are required for each unit of product. Planned production for the period was set at 8,100 units. Manufacturing ove...

Q: The Multi-Tool Manufacturing Company uses a standard cost system.

The Multi-Tool Manufacturing Company uses a standard cost system. Stéphanie Roget, a financial analyst for Multi-Tool Manufacturing Company, has been given information with respect to standard cost va...

Q: Service Farm Labs Inc. provides mad cow disease testing for both

Service Farm Labs Inc. provides mad cow disease testing for both provincial and federal government agriculture agencies. Because the company’s customers are government agencies, prices are strictly re...

Q: Finley Manufacturing Corporation accumulates the following data for jobs started and finished

Finley Manufacturing Corporation accumulates the following data for jobs started and finished during the month of June 2020: Calculate variances and prepare an income statement. Overhead is applied...

Q: Berman Corporation uses standard costs with its job order cost accounting system

Berman Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,950 units of product B was received. The standard cost of one unit of product...

Q: Azim Shirts Inc. manufactures sweatshirts for large stores. The standard

Azim Shirts Inc. manufactures sweatshirts for large stores. The standard costs for a dozen sweatshirts are: Calculate variances and prepare journal entries. Direct materials …&aci...

Q: Vergados Brothers is trying to estimate the amount of inventory it needs

Vergados Brothers is trying to estimate the amount of inventory it needs to purchase next month (April). The controller likes to have twice the number of units he expects to sell on hand at the beginn...