Questions from Cost Accounting

Q: A company is to carry out a major modernization of its factory

A company is to carry out a major modernization of its factory commencing in two weeks, time. During the modernization, which is expected to take four weeks to complete, no production of the company’s...

Q: The Rosrock Housing Association has two types of housing estate in the

The Rosrock Housing Association has two types of housing estate in the Rosburgh area (A and B). The following information is available: (i) The association has its own squad of painters who carry out...

Q: Many low-cost carriers such as easyJet and Ryanair regularly offer

Many low-cost carriers such as easyJet and Ryanair regularly offer flights to customers at low prices. They continue to do this even during depressed economic times. Both continued to make good profit...

Q: From the information given below you are required to: (

From the information given below you are required to: (a). Prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for: (i). prime cost; (ii). vari...

Q: A company manufactures and retails clothing. You are required to group

A company manufactures and retails clothing. You are required to group the costs that are listed below and numbered (1) – (20) into the following classifications (each cost is intended to belong to on...

Q: The Northshire Hospital Trust operates two types of specialist X-ray

The Northshire Hospital Trust operates two types of specialist X-ray scanning machine, XR1 and XR50. Details for the next period are estimated as follows: A brain scan is normally carried out on mac...

Q: Tilsley Ltd manufactures motor vehicle components. It is considering introducing a

Tilsley Ltd manufactures motor vehicle components. It is considering introducing a new product. Helen Foster, the production director, has already prepared the following projections for this proposal:...

Q: What is zero-based budgeting and how does it differ from

What is zero-based budgeting and how does it differ from other more traditional forms of budgeting? Discuss the applicability of zero-based budgeting to profit-oriented organizations.

Q: X plc manufactures Product X using three different raw materials. The

X plc manufactures Product X using three different raw materials. The product details are as follows: The company is considering its budgets for next year and has made the following estimates of sal...

Q: Explain the meaning of each of the undernoted terms, comment on

Explain the meaning of each of the undernoted terms, comment on their likely impact on cash budgeting and profit planning and suggest ways in which any adverse effects of each may be reduced. (a). Bud...