Questions from Cost Accounting

Q: Tungach Ltd makes and sells a single product. Demand for the

Tungach Ltd makes and sells a single product. Demand for the product exceeds the expected production capacity of Tungach Ltd. The holding of stocks of the finished product is avoided if possible becau...

Q: Casement Ltd makes windows with two types of frame: plastic and

Casement Ltd makes windows with two types of frame: plastic and mahogany. Products using the two types of material are made in separate premises under the supervision of separate production managers....

Q: Zits Ltd makes two models for rotary lawn mowers, the Quicut

Zits Ltd makes two models for rotary lawn mowers, the Quicut and the Powacut. The company has a sales director and, reporting to her, two product managers, each responsible for the profitability of on...

Q: (a). Describe and comment briefly on the basis and limitations

(a). Describe and comment briefly on the basis and limitations of the control chart approach to variance investigation decisions. (b). The following analysis is available for the month of April for D...

Q: Tardy Taxis operates a fleet of taxis in a provincial town.

Tardy Taxis operates a fleet of taxis in a provincial town. In planning its operations for November, it estimated that it would carry fare-paying passengers for 40 000 miles at an average price of £1...

Q: A questionnaire survey based on the responses of 272 practising UK management

A questionnaire survey based on the responses of 272 practising UK management accountants who were members of the Chartered Institute of Management Accountants (CIMA) revealed that approximately 81 pe...

Q: In the new industrial environment, the usefulness of standard costing is

In the new industrial environment, the usefulness of standard costing is being challenged and new approaches sought. One approach, pioneered by the Japanese, is to replace standard costs by target cos...

Q: Variance investigation decisions are normally explained in textbooks by simple models,

Variance investigation decisions are normally explained in textbooks by simple models, which assume the availability of a significant amount of information. An example of this approach is as follows....

Q: Fischer Ltd manufactures a range of chess sets, and operates a

Fischer Ltd manufactures a range of chess sets, and operates a standard costing system. Information relating to the Spassky design for the month of March is as follows: 1. Standard costs per 100 sets...

Q: (a). Briefly explain how the measurement of divisional performance differs

(a). Briefly explain how the measurement of divisional performance differs when assessing the achievement of strategic targets as distinct from operational targets. (b). J is a hospital supplying a w...