Questions from Cost Accounting

Q: You are employed as the assistant management accountant in the group accountant’s

You are employed as the assistant management accountant in the group accountant’s office of Hampstead plc. Hampstead recently acquired Finchley Ltd, a small company making a speciali...

Q: You are the management accountant of T plc. The following computer

You are the management accountant of T plc. The following computer printout shows details relating to April: T plc uses a standard absorption costing system. There was no opening or closing work in...

Q: A manufacturing company has provided you with the following data, which

A manufacturing company has provided you with the following data, which relate to component RYX for the period which has just ended: Overheads are absorbed at a rate per standard labour hour. Requi...

Q: The Eastern Division of Countryside Communications plc assembles a single product,

The Eastern Division of Countryside Communications plc assembles a single product, the Beta. The Eastern Division has a fixed price contract with the supplier of the materials used in the Beta. The co...

Q: According to Andrew Coyne, the author of an article published in

According to Andrew Coyne, the author of an article published in the National Post (Canada), the $14 billion in public funds handed out to General Motors and Chrysler by the governments of Canada and...

Q: The following profit reconciliation statement has been prepared by the management accountant

The following profit reconciliation statement has been prepared by the management accountant of ABC Limited for March: The standard cost card for the company’s only product is as f...

Q: The following data have been collected for the month of April by

The following data have been collected for the month of April by a company which operates a standard absorption costing system: Actual production of product EM ……………………………………………… 600 units Actual cos...

Q: Bamfram plc is a well-established manufacturer of a specialized product

Bamfram plc is a well-established manufacturer of a specialized product, a Wallop, which has the following specifications for production: The standard direct labour hours to produce a Wallop at the...

Q: An article in Management Accounting concluded that there will always be some

An article in Management Accounting concluded that there will always be some budgetary padding in any organization. Requirements: (a). As management accountant, write a report to your finance direct...

Q: A company operates a number of hairdressing establishments that are managed on

A company operates a number of hairdressing establishments that are managed on a franchise arrangement. The franchisor offers support using a PC package that deals with profit budgeting and control in...