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business
managerial accounting decision making

Questions and Answers of Managerial Accounting Decision Making

Building a Balanced Scorecard [LO4]Deer Creek ski resort was for many years a small, family-owned resort serving day skiers from nearby towns. Deer Creek was recently acquired by Mountain Associates,
Measures of Internal Business Process Performance [LO3]MacIntyre Fabrications, Ltd., of Aberdeen, Scotland, has recently begun a continuous improvement campaign in conjunction with a move toward Lean
Comparison of Performance Using Return on Investment (ROI) [LO1]Comparative data on three companies in the same service industry are given below:Company A B C Sales . . . . . . . . . . . . . . . . .
Return on Investment (ROI) and Residual Income [LO1, LO2]“I know headquarters wants us to add that new product line,” said Fred Halloway, manager of Kirsi Products’ East Division. “But I want
Return on Investment (ROI) Relations [LO1]Provide the missing data in the following table:Division Fab Consulting IT Sales . . . . . . . . . . . . . . . . . . . . . $800,000 $ ? $ ?Net operating
Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO1]The Abs Shoppe is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as
Creating a Balanced Scorecard [LO4]Ariel Tax Services prepares tax returns for individual and corporate clients. As the company has gradually expanded to 10 offices, the founder, Max Jacobs, has
Computing and Interpreting Return on Investment (ROI) [LO1]Selected operating data on the two divisions of York Company are given below:Division Eastern Western Sales . . . . . . . . . . . . . . . .
Evaluating New Investments Using Return on Investment (ROI)and Residual Income [LO1, LO2]Selected sales and operating data for three divisions of three different companies are given below:Division A
Return on Investment (ROI) and Residual Income Relations [LO1, LO2]A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector
Contrasting Return on Investment (ROI) and Residual Income [LO1, LO2]Rains Nickless Ltd. of Australia has two divisions that operate in Perth and Darwin. Selected data on the two divisions
Effects of Changes in Sales, Expenses, and Assets on ROI [LO1]BusServ.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:Sales .
Cost-Volume-Profit Analysis and Return on Investment (ROI) [LO1]Images.com is a small Internet retailer of high-quality posters. The company has $800,000 in operating assets and fixed expenses of
Creating a Balanced Scorecard [LO4]Mason Paper Company (MPC) manufactures commodity grade papers for use in computer printers and photocopiers. MPC has reported net operating losses for the last two
Measures of Internal Business Process Performance [LO3]Lipex, Ltd., of Birmingham, England, is interested in cutting the amount of time between when a customer places an order and when the order is
Residual Income [LO2]Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of
Compute the Return on Investment (ROI) [LO1]Tundra Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data
Multiple Products, Materials, and Processes [LO1, LO2]Monte Rosa Corporation produces two products, Alpha8s and Zeta9s, which pass through two operations, Sintering and Finishing. Each of the
Comprehensive Variance Analysis [LO1, LO2, LO3]Helix Company produces several products in its factory, including a karate robe. The company uses a standard cost system to assist in the control of
Comprehensive Variance Analysis [LO1, LO2, LO3]Vitalite, Inc., produces a number of products, including a body-wrap kit. Standard variable costs relating to a single kit are given below:Standard
Materials and Labor Variances; Computations from Incomplete Data [LO1, LO2]Topaz Company makes one product and has set the following standards for materials and labor:Direct Materials Direct Labor
Basic Variance Analysis; the Impact of Variances on Unit Costs [LO1, LO2, LO3]Landers Company manufactures a number of products. The standards relating to one of these products are shown below, along
Variance Analysis in a Hospital [LO1, LO2, LO3]“What’s going on in that lab?” asked Derek Warren, chief administrator for Cottonwood Hospital, as he studied the prior month’s reports.
Comprehensive Variance Analysis [LO1, LO2, LO3]Portland Company’s Ironton Plant produces precast ingots for industrial use. Carlos Santiago, who was recently appointed general manager of the
Material and Labor Variances [LO1, LO2]Topper Toys has developed a new toy called the Brainbuster. The company has a standard cost system to help control costs and has established the following
Material Variances [LO1]Refer to the data in Exercise 10–6. Assume that instead of producing 2,500 bottles of Whim during the month, the company produced only 2,000 bottles using 16,000 ounces of
Variable Overhead Variances [LO3]Order Up, Inc., provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a
Direct Labor Variances [LO2]AirMeals, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is stuffed cannelloni with roasted pepper sauce, fresh baby corn,
Material Variances [LO1]Harmon Household Products, Inc., manufactures a number of consumer items for general household use. One of these products, a chopping board, requires an expensive hardwood.
Classifying Manufacturing Costs [LO1]Your Boat, Inc., assembles custom sailboats from components supplied by various manufacturers.The company is very small and its assembly shop and retail sales
Classification of Costs as Period or Product Costs [LO2]Suppose that you have been given a summer job at Fairwings Avionics, a company that manufactures sophisticated radar sets for commercial
Fixed and Variable Cost Behavior [LO3]Koffee Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,100 and the variable cost per
High-Low Method [LO4]The Edelweiss Hotel in Vail, Colorado, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day
Traditional and Contribution Format Income Statements [LO5]Redhawk, Inc., is a merchandiser that provided the following information:Required:1. Prepare a t raditional i ncome s tatement.2. Prepare a
Identifying Direct and Indirect Costs [LO6]The Empire Hotel is a four-star hotel located in downtown Seattle.Required:For each of the following costs incurred at the Empire Hotel, indicate whether it
Differential, Opportunity, and Sunk Costs [LO7]The Sorrento Hotel is a four-star hotel located in downtown Seattle. The hotel’s operations vice president would like to replace the hotel’s
Cost Behavior; Contribution Format Income Statement [LO3, LO5]Parker Company manufactures and sells a single product. A partially completed schedule of the company’s total and per unit costs over a
High-Low Method; Scattergraph Analysis [LO4]Zerbel Company, a wholesaler of large, custom-built air conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping
Traditional and Contribution Format Income Statements [LO5]Haaki Shop, Inc., is a large retailer of surfboards. The company assembled the information shown below for the quarter ended May
Cost Behavior; High-Low Method [LO3, LO4]Speedy Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company’s cost analyst has determined that if
High-Low Method; Predicting Cost [LO3, LO4]The number of X-rays taken and X-ray costs over the last nine months in Beverly Hospital are given below:Required:1. Using the high-low method, estimate the
Compute the Predetermined Overhead Rate [LO1]Logan Products computes its predetermined overhead rate annually on the basis of direct laborhours.At the beginning of the year, it estimated that 40,000
Apply Overhead [LO2]Westan Corporation uses a predetermined overhead rate of $23.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $277,200 of total
Computing Job Costs [LO3]Weaver Company ’s predetermined overhead rate is $18.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job
Prepare Journal Entries [LO4]Kirkaid Company recorded the following transactions for the just completed month.a. $86,000 in raw materials were purchased on account.b. $84,000 in raw materials were
Prepare T-Accounts [LO5, LO7]Granger Products recorded the following transactions for the just completed month. The company had no beginning inventories.a. $75,000 in raw materials were purchased for
Schedules of Cost of Goods Manufactured and Cost of Goods Sold [LO6]Parmitan Corporation has provided the following data concerning last month’s manufacturing operations.Required:1. Prepare a
Underapplied and Overapplied Overhead [LO7]Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated
Schedules of Cost of Goods Manufactured and Cost of Goods Sold;Income Statement [LO6]The following data from the just completed year are taken from the accounting records of Eccles
Apply Overhead to a Job [LO2]Winston Company applies overhead cost to jobs on the basis of direct labor cost. Job X, which was started and completed during the current period, shows charges of
Applying Overhead; Computing Unit Product Cost [LO2, LO3]A company assigns overhead cost to completed jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 413 shows that $12,000
Journal Entries and T-Accounts [LO2, LO4, LO5]Foley Company uses a job-order costing system. The following data relate to the month of October, the first month of the company’s fiscal year:a. Raw
Computing Predetermined Overhead Rates and Job Costs [LO1, LO2, LO3, LO7]Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of
Applying Overhead; Cost of Goods Manufactured [LO2, LO6, LO7]The following cost data relate to the manufacturing activities of Black Company during the just completed year:The company uses a
Varying Predetermined Overhead Rates [LO1, LO2, LO3]Javadi Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and
Departmental Overhead Rates [LO1, LO2, LO3]Diewold Company has two departments, Milling and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each
Applying Overhead; Journal Entries; Disposition of Underapplied or Overapplied Overhead [LO4, LO5, LO7]The following information is taken from the accounts of FasGrow Company. The entries in the
Applying Overhead; T-Accounts; Journal Entries [LO1, LO2, LO4, LO5, LO7]Medusa Products uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the
Plantwide and Departmental Overhead Rates; Job Costs [LO1, LO2, LO3]Smithson Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company
Applying Overhead; Journal Entries; T-Accounts [LO1, LO2, LO3, LO4, LO5]Custom Metal Works produces castings and other metal parts to customer specifications. The company uses a job-order costing
Applying Overhead in a Service Company [LO1, LO2, LO3]Pearson Architectural Design began operations on January 2. The following activity was recorded in the company’s Work in Process account for
Predetermined Overhead Rate; Disposition of Underapplied or Overapplied Overhead [LO1, LO7]Savallas Company is highly automated and uses computers to control manufacturing operations.The company uses
Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO6]Valenko Company provided the following account balances for the year ended December 31 (all raw materials are
T-Account Analysis of Cost Flows [LO1, LO5, LO6, LO7]Selected T-accounts for Rolm Company are given below for the just completed year:Required:1. What was the cost of raw materials put into
Schedule of Cost of Goods Manufactured; Overhead Analysis [LO1, LO2, LO3, LO6, LO7]The Pacific Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis
Journal Entries; T-Accounts; Financial Statements [LO1, LO2, LO3, LO4, LO5, LO6, LO7]Southworth Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of
Multiple Departments; Applying Overhead [LO1, LO2, LO3, LO7]WoodGrain Technology makes home office furniture from fine hardwoods. The company uses a job-order costing system and predetermined
Comprehensive Problem [LO1, LO2, LO4, LO5, LO6, LO7]Sovereign Millwork, Ltd., produces reproductions of antique residential moldings at a plant located in Manchester, England. Because there are
Cost Flows; T-Accounts; Income Statement [LO1, LO2, LO5, LO6, LO7]Fantastic Props, Inc., designs and fabricates movie props such as mock-ups of star-fighters and cybernetic robots. The company’s
Process Costing Journal Entries [LO1]Arizona Brick Corporation produces bricks in two processing departments—Molding and Firing.Information relating to the company’s operations in March
Computation of Equivalent Units—Weighted-Average Method [LO2]Lindex Company uses a process costing system. The following data are available for one department for October:The department started
Cost Per Equivalent Unit—Weighted-Average Method [LO3]Billinstaff Industries uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear
Applying Costs to Units—Weighted-Average Method [LO4]Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing,
Cost Reconciliation Report—Weighted-Average Method [LO5]Lech-Zurs Bakerie Corporation uses a process costing system. The Baking Department is one of the processing departments in its apple strudel
Equivalent Units and Cost per Equivalent Unit—Weighted-Average Method[LO2, LO3]Kalox, Inc., manufactures an antacid product that passes through two departments. Data for May for the first
Comprehensive Exercise; Second Production Department—Weighted-Average Method [LO2, LO3, LO4, LO5]Papyrutech Corporation produces fine papers in three production departments—Pulping, Drying, and
Process Costing Journal Entries [LO1]Schneider Brot is a bread-baking company located in Aachen, Germany, near the Dutch border.The company uses a process costing system for its single product—a
Cost Assignment; Cost Reconciliation—Weighted-Average Method [LO2, LO4, LO5]Kenton Industrial Corporation uses the weighted-average method in its process costing system.During April, the Baker
Equivalent Units—Weighted-Average Method [LO2]Societe Clemeau, a company located in Lyons, France, manufactures cement for the construction industry. Data relating to the kilograms of cement
Equivalent Units and Cost per Equivalent Unit—Weighted-Average Method[LO2, LO3, LO4]Solex Company produces a high-quality insulation material that passes through two production processes. Data for
Equivalent Units—Weighted-Average Method [LO2]Gulf Fisheries, Inc., processes tuna for various distributors. Two departments are involved—Cleaning and Packing. Data relating to pounds of tuna
Comprehensive Problem Weighted-Average Method [LO2, LO3, LO4, LO5]The PVC Company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.Information on
Comprehensive Problem—Weighted-Average Method [LO2, LO3, LO4, LO5]Honeybutter, Inc., manufactures a product that goes through two departments prior to completion—the Mixing Department followed by
Analysis of Work in Process T-account—Weighted-Average Method[LO1, LO2, LO3, LO4]Brady Products manufactures a silicone paste wax that goes through three processing departments—Cracking,
Cost Flows [LO1]Nature’s Way, Inc., keeps one of its production facilities busy making a perfume called Essence de la Vache. The perfume goes through two processing departments: Blending and
Comprehensive Problem; Second Production Department—Weighted-Average Method [LO2, LO3, LO4, LO5]Bohemian Links Inc. produces sausages in three production departments—Mixing, Casing and Curing,
Interpreting a Report—Weighted-Average Method [LO2, LO3, LO4]Bell Computers, Ltd., located in Liverpool, England, assembles a standardized personal computer from parts it purchases from various
Preparing a Contribution Format Income Statement [LO1]Wheeler Corporation’s most recent income statement follows:Required:Prepare a new contribution format income statement under each of the
Prepare a Cost-Volume-Profit (CVP) Graph [LO2]Katara Enterprises distributes a single product whose selling price is $36 and whose variable expense is $24 per unit. The company’s monthly fixed
Prepare a Profit Graph [LO2]Capricio Enterprises distributes a single product whose selling price is $19 and whose variable expense is $15 per unit. The company’s fixed expense is $12,000 per
Computing and Using the CM Ratio [LO3]Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were
Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO4]Data for Herron Corporation are shown below:Fixed expenses are $75,000 per month and the company is selling 3,000 units per
Compute the Level of Sales Required to Attain a Target Profit [LO5]Liman Corporation has a single product whose selling price is $140 and whose variable expense is$60 per unit. The company’s
Compute the Break-Even Point [LO6]Maxson Products distributes a single product, a woven basket whose selling price is $8 and whose variable cost is $6 per unit. The company’s monthly fixed expense
Compute the Margin of Safety [LO7]Mohan Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning next month’s budget appear below:Required:1. Compute t he c ompany’s
Compute and Use the Degree of Operating Leverage [LO8]Eneliko Company installs home theater systems. The company’s most recent monthly contribution format income statement appears below:Required:1.
Compute the Break-Even Point for a Multiproduct Company [LO9]Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two
Break-Even Analysis; Target Profit; Margin of Safety; CM Ratio[LO1, LO3, LO5, LO6, LO7]Pringle Company distributes a single product. The company’s sales and expenses for a recent month
Break-Even and Target Profit Analysis [LO4, LO5, LO6]Reveen Products sells camping equipment. One of the company’s products, a camp lantern, sells for $90 per unit. Variable expenses are $63 per
Break-Even Analysis and CVP Graphing [LO2, LO4, LO6]Chi Omega Sorority is planning its annual Riverboat Extravaganza. The Extravaganza committee has assembled the following expected costs for the

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