Questions from Managerial Accounting

Q: Esteban Products produces instructional aids, including white boards, which use

Esteban Products produces instructional aids, including white boards, which use colored markers instead of chalk. These are particularly popular for conference rooms in educational institutions and ex...

Q: Escuchar Products, a producer of DVD players, has established a

Escuchar Products, a producer of DVD players, has established a labor standard for its product— direct labor: 2 hrs at $9.65 per hour. During January, Escuchar produced 12,800 DVD players. The actual...

Q: Master Budget …………………..……………………………….. Actual Data Budgeted production: 4,200

Master Budget …………………..……………………………….. Actual Data Budgeted production: 4,200 …….Actual production: 4,100 units Materials: 2 leather strips @ $7.00 ……………………… Materials cost: $58,700 Labor: 1.5 hr. @ $1...

Q: Palladium Inc. produces a variety of household cleaning products. Palladium’s

Palladium Inc. produces a variety of household cleaning products. Palladium’s controller has developed standard costs for the following four overhead items: Next year, Palladium ex...

Q: Rostand Inc. operates a delivery service for over 70 restaurants.

Rostand Inc. operates a delivery service for over 70 restaurants. The corporation has a fleet of vehicles and has invested in a sophisticated, computerized communications system to coordinate its deli...

Q: Wilson Company has a predetermined overhead rate of $5 per direct

Wilson Company has a predetermined overhead rate of $5 per direct labor hour. The job order cost sheet for Job 145 shows 500 direct labor hours costing $10,000 and materials requisitions totaling $17,...

Q: Fried Manufacturing produces cylinders used in internal combustion engines. During June

Fried Manufacturing produces cylinders used in internal combustion engines. During June, Fried’s welding department had the following data: Units in BWIP ………………………..……………………………………… — Units completed...

Q: During April, the grinding department of Moriba Inc. completed and

During April, the grinding department of Moriba Inc. completed and transferred out 105,000 units. At the end of April, there were 37,500 in process, 60% complete. Moriba incurred manufacturing costs t...

Q: Buckner Inc. just finished its second month of operations. Buckner

Buckner Inc. just finished its second month of operations. Buckner mass produces integrated circuits. The following production information is provided for December: Units in process, December 1, 80%...

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...