Questions from Managerial Accounting

Q: Dilia Company incurred manufacturing overhead cost for the year as follows.

Dilia Company incurred manufacturing overhead cost for the year as follows. Direct materials $50/unit Direct labor $35/unit Manufacturing overhead Variable $ 15/unit Fixed ($25/unit for 1,500 units) $...

Q: Morland Company started Year 1 with $75,000 in its

Morland Company started Year 1 with $75,000 in its cash and common stock accounts. During Year 1, Morland paid $50,000 cash for employee compensation and $17,500 cash for materials. Required 1. Determ...

Q: Use a horizontal statements model to indicate how each of the following

Use a horizontal statements model to indicate how each of the following independent accounting events affects the elements of the balance sheet and the income statement. Indicate whether the event inc...

Q: Aurora Inc. estimates manufacturing overhead costs for the Year 3 accounting

Aurora Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation $344,000 Supplies 42,000 Materials handling 68,000 Property taxes 30,000 Product...

Q: Pawhuska Company estimates that its overhead costs for Year 2 will be

Pawhuska Company estimates that its overhead costs for Year 2 will be $720,000 and output in units of product will be 300,000 units. Required 1. Calculate Pawhuska’s predetermined overhead rate based...

Q: Tescott Company and Heizer Company both apply overhead to the Work in

Tescott Company and Heizer Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year. Requir...

Q: Logan Company and Clayton Company assign manufacturing overhead to Work in Process

Logan Company and Clayton Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year: Required 1....

Q: Danbury Corporation manufactures model airplanes. The company purchased for $228

Danbury Corporation manufactures model airplanes. The company purchased for $228,000 automated production equipment that can make the model parts. The equipment has a $12,000 salvage value and a 10-ye...

Q: Brandon Manufacturing recorded the following amounts in its inventory accounts in Year

Brandon Manufacturing recorded the following amounts in its inventory accounts in Year 2. Required Determine the dollar amounts for (a), (b), (c), (d), and (e). Assume that underapplied and overapplie...

Q: Indicate which costing system (job-order, process, or

Indicate which costing system (job-order, process, or hybrid) would be most appropriate for the type of product listed in the left-hand column. The first item is shown as an example. Type of Product:...