Questions from Cost Accounting


Q: Prepare a performance report for the dining room of Leonardo’s Italian Cafe

Prepare a performance report for the dining room of Leonardo’s Italian Cafe´ for the month of February 2011, using the following data:

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Q: Beth Elkins, a factory worker, earns $1,000

Beth Elkins, a factory worker, earns $1,000 each week. In addition, she will receive a $4,000 bonus at year-end and a four-week paid vacation. Prepare the entry to record the weekly payroll and the co...

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Q: The following data were taken from the general ledgers and other data

The following data were taken from the general ledgers and other data of Alpha Manufacturing, Inc., and Bravo Merchandising Co. on April 30 of the current year: Merchandise inventory, April 1 . . . ....

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Q: The following data were taken from the general ledger of Thornton Merchandisers

The following data were taken from the general ledger of Thornton Merchandisers on January 31, the end of the first month of operations in the current fiscal year: Merchandise inventory, January 1 ....

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Q: The adjusted trial balance for Indy Furniture Company on November 30,

The adjusted trial balance for Indy Furniture Company on November 30, the end of its first month of operation, is as follows: The general ledger reveals the following additional data: a. There were...

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Q: The post-closing trial balance of Beamer Manufacturing Co. on

The post-closing trial balance of Beamer Manufacturing Co. on April 30 is reproduced as follows: During the month of May, the following transactions took place: a. Purchased raw materials at a cost o...

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Q: Selected account balances and transactions of Alpine Manufacturing Co. follow:

Selected account balances and transactions of Alpine Manufacturing Co. follow: May Transactions: a. Purchased raw materials and factory supplies on account at costs of $45,000 and $10,000, respectiv...

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Q: How would you define the following costs: direct materials, indirect

How would you define the following costs: direct materials, indirect materials, direct labor, indirect labor, and factory overhead?

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Q: Distinguish prime cost from conversion cost. Does prime cost plus conversion

Distinguish prime cost from conversion cost. Does prime cost plus conversion cost equal the total manufacturing cost?

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Q: For a manufacturer, what does the planning process involve, and

For a manufacturer, what does the planning process involve, and how is cost accounting information used in planning?

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