Questions from Managerial Accounting

Q: Inca Inc. produces soft drinks. Mixing is the first department

Inca Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons. Inca uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing depar...

Q: Murray Inc. manufactures bicycle frames in two departments: Cutting and

Murray Inc. manufactures bicycle frames in two departments: Cutting and Welding. Murray uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following...

Q: Integer Inc. had the following production and cost information for its

Integer Inc. had the following production and cost information for its fabrication department during April (materials are added at the beginning of the fabrication process): Production: Units in proc...

Q: Dormirbien Company produces mattresses for 20 retail outlets. Of the 20

Dormirbien Company produces mattresses for 20 retail outlets. Of the 20 retail outlets, 19 are small, separately owned furniture stores and one is a retail chain. The retail chain buys 60% of the matt...

Q: Lissen Phones uses Alpha Electronics and La Paz Company to buy two

Lissen Phones uses Alpha Electronics and La Paz Company to buy two electronic components used in the manufacture of its cell phones: Component 125X and Component 30Y. Consider two activities: testing...

Q: Botas Company produces two types of boots: vaquero and vaquera.

Botas Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Drivers for the four activities are as follows: Required: 1. Calculate the...

Q: Perry National Bank has collected the following information for four activities and

Perry National Bank has collected the following information for four activities and two types of credit cards: There are 5,000 holders of Classic cards and 20,000 holders of the Gold cards. Require...

Q: Patrick Inc. makes industrial solvents. In the first four months

Patrick Inc. makes industrial solvents. In the first four months of the coming year, Patrick expects the following unit sales: January …………………………….. 41,000 February …………………………… 38,000 March ………………………...

Q: Patrick Inc. makes industrial solvents. Planned production in units for

Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is: January …………………………….. 43,800 February ……………………………. 41,000 March ……………………………….. 50...

Q: Andrews Company manufactures a line of office chairs. Each chair takes

Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per dir...