Questions from Cost Accounting


Q: According to the Plex website, in their Enterprise Resource Planning Systems

According to the Plex website, in their Enterprise Resource Planning Systems cost accounting software modules you can: ● Set up a flexible, detailed cost structure for each operation and for each prod...

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Q: Jim Smith has recently been appointed as the headteacher of Mayfield School

Jim Smith has recently been appointed as the headteacher of Mayfield School in Midshire. The age of the pupils ranges from 11 years to 18 years. For many years, Midshire County Council was responsible...

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Q: 1. You are the group management accountant of a large divisionalized

1. You are the group management accountant of a large divisionalized group. There has been extensive board discussion of the existing system of rewarding divisional general managers with substantial...

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Q: A new private hospital of 100 beds was opened to receive patients

A new private hospital of 100 beds was opened to receive patients on 2 January although many senior staff members including the supervisor of the laundry department had been in situ for some time prev...

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Q: Incorporated Finance plc is a finance company that has 100 branch offices

Incorporated Finance plc is a finance company that has 100 branch offices in major towns and cities throughout the UK. These offer a variety of hire purchase and loan facilities to personal customers...

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Q: A company makes a range of products with total budgeted manufacturing overheads

A company makes a range of products with total budgeted manufacturing overheads of £973 560 incurred in three production departments (A, B and C) and one service department. Department A has ten direc...

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Q: Dunstan Ltd manufactures tents and sleeping bags in three separate production departments

Dunstan Ltd manufactures tents and sleeping bags in three separate production departments. The principal manufacturing processes consist of cutting material in the pattern cutting room and sewing the...

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Q: (a). Explain why predetermined overhead absorption rates are preferred to

(a). Explain why predetermined overhead absorption rates are preferred to overhead absorption rates calculated from factual information after the end of a financial period. (b). The production overhea...

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Q: JR Co. Ltd’s budgeted overheads for the forthcoming period applicable to

JR Co. Ltd’s budgeted overheads for the forthcoming period applicable to its production departments, are as follows: (£000) 1 ……...

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Q: (a). Identify the costs to a business arising from labour

(a). Identify the costs to a business arising from labour turnover. (5 marks) (b). A company operates a factory which employed 40 direct workers throughout the four-week period just ended. Direct empl...

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