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business
managerial accounting decision making

Questions and Answers of Managerial Accounting Decision Making

Multiproduct Break-Even Analysis [LO9]Okabee Enterprises is the distributor for two products, Model A100 and Model B900. Monthly sales and the contribution margin ratios for the two products
Operating Leverage [LO4, LO8]Superior Door Company sells prehung doors to home builders. The doors are sold for $60 each.Variable costs are $42 per door, and fixed costs total $450,000 per year. The
Break-Even and Target Profit Analysis [LO3, LO4, LO5, LO6]Super Sales Company is the exclusive distributor for a revolutionary bookbag. The product sells for $60 per unit and has a CM ratio of 40%.
Using a Contribution Format Income Statement [LO1, LO4]Porter Company ’s most recent contribution format income statement is shown below:Required:Prepare a new contribution format income statement
Missing Data; Basic CVP Concepts [LO1, LO9]Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts
Basic CVP Analysis; Graphing [LO1, LO2, LO4, LO6]Shirts Unlimited operates a chain of shirt stores that carry many styles of shirts that are all sold at the same price. To encourage sales personnel
Basics of CVP Analysis; Cost Structure [LO1, LO3, LO4, LO5, LO6]Memofax, Inc., produces memory enhancement kits for fax machines. Sales have been very erratic, with some months showing a profit and
Basic CVP Analysis [LO1, LO3, LO4, LO6, LO8]Stratford Company distributes a lightweight lawn chair that sells for $15 per unit. Variable expenses are $6 per unit, and fixed expenses total $180,000
Sales Mix; Multiproduct Break-Even Analysis [LO9]Marlin Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities.
Sales Mix; Break-Even Analysis; Margin of Safety [LO7, LO9]Puleva Milenario SA, a company located in Toledo, Spain, manufactures and sells two models of luxuriously finished cutlery—Alvaro and
Sales Mix; Multiproduct Break-Even Analysis [LO9]Topper Sports, Inc., produces high-quality sports equipment. The company’s Racket Division manufactures three tennis rackets—the Standard, the
Break-Even Analysis; Pricing [LO1, LO4, LO6]Detmer Holdings AG of Zurich, Switzerland, has just introduced a new fashion watch for which the company is trying to find an optimal selling price.
Changes in Cost Structure; Break-Even Analysis; Operating Leverage; Margin of Safety [LO4, LO6, LO7, LO8]Frieden Company ’s contribution format income statement for the most recent month is given
Interpretive Questions on the CVP Graph [LO2, LO6]A CVP graph, as illustrated on the next page, is a useful technique for showing relationships among an organization’s costs, volume, and
Graphing; Incremental Analysis; Operating Leverage [LO2, LO4, LO5, LO6, LO8]Teri Hall has recently opened Sheer Elegance, Inc., a store specializing in fashionable stockings.Ms. Hall has just
Various CVP Questions: Break-Even Point; Cost Structure; Target Sales[LO1, LO3, LO4, LO5, LO6, LO8]Tyrene Products manufactures recreational equipment. One of the company’s products, a skateboard,
Break-Even and Target Profit Analysis [LO5, LO6]The Marbury Stein Shop sells steins from all parts of the world. The owner of the shop, Clint Marbury, is thinking of expanding his operations by
Changes in Fixed and Variable Costs; Break-Even and Target Profit Analysis[LO4, LO5, LO6]Novelties, Inc., produces and sells highly faddish products directed toward the preteen market. A new product
Variable and Absorption Costing Unit Product Costs [LO1]Shastri Bicycle of Mumbai, India, produces an inexpensive, yet rugged, bicycle for use on the city’s crowded streets that it sells for 500
Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO2]Refer to the data in Exercise 6–1 for Shastri Bicycle. The absorption costing income statement prepared by
Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO3]High Tension Transformers, Inc., manufactures heavy-duty transformers for electrical switching stations. The company uses
Basic Segmented Income Statement [LO4]Caltec, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow:Common fixed expenses in the company
Deducing Changes in Inventories [LO3]Ferguson Products Inc., a manufacturer, reported $130 million in sales and a loss of $25 million in its absorption costing income statement provided to
Inferring Costing Method; Unit Product Cost [LO1]Amcor, Inc., incurs the following costs to produce and sell a single product.During the last year, 30,000 units were produced and 25,000 units were
Variable and Absorption Costing Unit Product Costs and Income Statements[LO1, LO2]Maxwell Company manufactures and sells a single product. The following costs were incurred during the company’s
Segmented Income Statement [LO4]Michaels Company segments its income statement into its East and West Divisions. The company’s overall sales, contribution margin ratio, and net operating income are
Variable Costing Unit Product Cost and Income Statement; Break-Even [LO1, LO2]CompuDesk, Inc., makes an oak desk specially designed for personal computers. The desk sells for $200. Data for last
Absorption Costing Unit Product Cost and Income Statement [LO1, LO2]Refer to the data in Exercise 6–9 for CompuDesk. Assume in this exercise that the company uses absorption costing.Required:1.
Segmented Income Statement [LO4]Bovine Company, a wholesale distributor of DVDs, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement
Variable and Absorption Costing Unit Product Costs and Income Statements[LO1, LO2, LO3]Fletcher Company manufactures and sells one product. The following information pertains to each of the
Variable Costing Income Statement; Reconciliation [LO2, LO3]Morey Company has just completed its first year of operations. The company’s absorption costing income statement for the year appears
Working with a Segmented Income Statement [LO4]Marple Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two
Working with a Segmented Income Statement [LO4]Refer to the data in Exercise 6–14. Assume that Dallas’ sales by major market are as follows:The company would like to initiate an intensive
ABC Cost Hierarchy [LO1]The following activities occur at Greenwich Corporation, a company that manufactures a variety of products.a. Various individuals manage the parts inventories.b. A clerk in
First-Stage Allocation [LO2]VaultOnWheels Corporation operates a fleet of armored cars that make scheduled pickups and deliveries for its customers in the Phoenix area. The company is implementing an
Compute Activity Rates [LO3]As You Like It Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company
Second-Stage Allocation [LO4]Larner Corporation is a diversified manufacturer of industrial goods. The company’s activity-based costing system contains the following six activity cost pools and
Product and Customer Profitability Analysis [LO4, LO5]Updraft Systems, Inc., makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also
Second-Stage Allocation to an Order [LO4]Transvaal Mining Tools Ltd. of South Africa makes specialty tools used in the mining industry.The company uses an activity-based costing system for internal
First-Stage Allocations [LO2]The operations vice president of First Bank of Eagle, Kristin Wu, has been interested in investigating the efficiency of the bank’s operations. She has been
Computing and Interpreting Activity Rates [LO3](This exercise is a continuation of Exercise 7–7 ; it should be assigned only if Exercise 7–7 is also assigned.) The manager of the Avon branch of
Customer Profitability Analysis [LO3, LO4, LO5]Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Med Max sets its
Activity Measures [LO1]Various activities at Morales Corporation, a manufacturing company, are listed below. Each activity has been classified as unit-level, batch-level, product-level,
Comprehensive Activity-Based Costing Exercise [LO2, LO3, LO4, LO5]Silicon Optics has supplied the following data for use in its activity-based costing system:During the year, Silicon Optics completed
Computing ABC Product Costs [LO3, LO4]Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow:Additional information about the company
Second-Stage Allocation and Margin Calculations [LO4, LO5]Theatre Seating, Inc., makes high-quality adjustable seats for theaters. The company’s activitybased costing system has four activity cost
Cost Hierarchy [LO1]Green Glider Corporation makes golf carts that it sells directly to golf courses throughout the world. Several basic models are available, which are modified to suit the needs of
Calculating and Interpreting Activity-Based Costing Data [LO3, LO4]Sven’s Cookhouse is a popular restaurant located on Lake Union in Seattle. The owner of the restaurant has been trying to better
Second-Stage Allocations and Product Margins [LO4, LO5]AnimPix, Inc., is a small company that creates computer-generated animations for fi lms and television.Much of the company’s work consists of
Comparing Traditional and Activity-Based Product Margins [LO1, LO3, LO4, LO5]Precision Manufacturing Inc. (PMI) makes two types of industrial component parts—the EX300 and the TX500. An absorption
Comparing Traditional and Activity-Based Product Margins [LO1, LO3, LO4, LO5]Rocky Mountain Corporation makes two types of hiking boots—Xactive and the Pathbreaker.Data concerning these two product
Activity-Based Costing and Bidding on Jobs [LO2, LO3, LO4]Denny Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. The company’s estimator
Evaluating the Profitability of Services [LO2, LO3, LO4, LO5]Gore Range Carpet Cleaning is a family-owned business in Eagle-Vail, Colorado. For its services, the company has always charged a fl at
Schedule of Expected Cash Collections [LO2]Midwest Products is a wholesale distributor of leaf rakes. Thus, peak sales occur in August of each year as shown in the company’s sales budget for the
Production Budget [LO3]Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows:The company is now in the process of preparing a production budget
Direct Materials Budget [LO4]Micro Products, Inc., has developed a very powerful electronic calculator. Each calculator requires three small “chips” that cost $2 each and are purchased from an
Direct Labor Budget [LO5]The production manager of Junnen Corporation has submitted the following forecast of units to be produced for each quarter of the upcoming fiscal year.Each unit requires 0.40
Manufacturing Overhead Budget [LO6]The direct labor budget of Krispin Corporation for the upcoming fiscal year includes the following budgeted direct labor-hours.The company’s variable
Selling and Administrative Expense Budget [LO7]The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below:The company’s variable selling and administrative expenses
Cash Budget [LO8]Forest Outfitters is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:The company’s
Budgeted Income Statement [LO9]Seattle Cat is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting
Budgeted Balance Sheet [LO10]The management of Academic Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for
Sales and Production Budgets [LO2, LO3]The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year.The selling price of the company’s
Direct Materials and Direct Labor Budgets [LO4, LO5]The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal
Direct Labor and Manufacturing Overhead Budgets [LO5, LO6]The Production Department of Harveton Corporation has submitted the following forecast of units to be produced by quarter for the upcoming
Production and Direct Materials Budgets [LO3, LO4]Tonga Toys manufactures and distributes a number of products to retailers. One of these products, Playclay, requires three pounds of material A135 in
Schedules of Expected Cash Collections and Disbursements; Income Statement;Balance Sheet [LO2, LO4, LO9, LO10]Colerain Corporation is a merchandising company that is preparing a profit plan for the
Cash Budget Analysis [LO8]A cash budget, by quarters, is shown on the following page for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start each
Schedules of Expected Cash Collections and Disbursements [LO2, LO4, LO8]Calgon Products, a distributor of organic beverages, needs a cash budget for September. The following information is
Cash Budget with Supporting Schedules [LO2, LO4, LO8]Janus Products, Inc., is a merchandising company that sells binders, paper, and other school supplies.The company is planning its cash needs for
Cash Budget with Supporting Schedules; Changing Assumptions [LO2, LO4, LO8]Refer to the data for Janus Products, Inc., in Problem 8–17 . The company’s president is interested in knowing how
Integration of Sales, Production, and Direct Materials Budgets [LO2, LO3, LO4]Crydon, Inc., manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for the
Cash Budget; Income Statement; Balance Sheet [LO2, LO4, LO8, LO9, LO10]The balance sheet of Phototec, Inc., a distributor of photographic supplies, as of May 31 is given below:The company is in the
Schedule of Expected Cash Collections; Cash Budget [LO2, LO8]Natural Care Corp., a distributor of natural cosmetics, is ready to begin its third quarter, in which peak sales occur. The company has
Behavioral Aspects of Budgeting; Ethics and the Manager [LO1]Granger Stokes, managing partner of the venture capital firm of Halston and Stokes, was dissatisfied with the top management of
Schedule of Expected Cash Collections; Cash Budget [LO2, LO8]Jodi Horton, president of the retailer Crestline Products, has just approached the company’s bank with a request for a $30,000, 90-day
Cash Budget with Supporting Schedules [LO2, LO4, LO7, LO8]The president of Univax, Inc., has just approached the company’s bank seeking short-term financing for the coming year, Year 2. Univax is a
Completing a Master Budget [LO2, LO4, LO7, LO8, LO9, LO10]The following data relate to the operations of Picanuy Corporation, a wholesale distributor of consumer goods:Current assets as of December
Completing a Master Budget [LO2, LO4, LO7, LO8, LO9, LO10]Nordic Company, a merchandising company, prepares its master budget on a quarterly basis. The following data have been assembled to assist in
Prepare a Flexible Budget [LO1]Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The company’s planning budget for March
Prepare a Report Showing Activity Variances [LO2]Air Meals is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company’s planning budget
Prepare a Report Showing Revenue and Spending Variances [LO3]Olympia Bivalve farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in July. The
Prepare a Flexible Budget Performance Report [LO4]Mt. Hood Air offers scenic overflights of Mt. Hood and the Columbia River gorge. Data concerning the company’s operations in August appear
Prepare a Flexible Budget with More Than One Cost Driver [LO5]Icicle Bay Tours operates day tours of coastal glaciers in Alaska on its tour boat the Emerald Glacier. Management has identified two
Analyze a Performance Report [LO6]The Exterminator Inc. provides on-site residential pest extermination services. The company has several mobile teams who are dispatched from a central location in
Critique a Variance Report [LO6]Refer to the data for The Exterminator Inc. in Exercise 9–6 . A management intern has suggested that the budgeted revenues and costs should be adjusted for the
Flexible Budgets and Activity Variances [LO1, LO2]Harold’s Roof Repair has provided the following data concerning its costs:For example, wages and salaries should be $21,380 plus $15.80 per
Flexible Budget [LO1]Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company’s costs:For
Flexible Budget [LO1]Refer to the data for Auto Lavage in Exercise 9–9 . The company actually washed 8,100 cars in October.Required:Prepare the company’s flexible budget for October.
Prepare a Report Showing Activity Variances [LO2]Refer to the data for Auto Lavage in Exercise 9–9 . The actual operating results for October appear below:Required:Prepare a report showing the
Prepare a Report Showing Revenue and Spending Variances [LO3]Refer to the data for Auto Lavage in Exercises 9–9 and 9–11 .Required:Prepare a report showing the company’s revenue and spending
Prepare a Flexible Budget Performance Report [LO4]Refer to the data for Auto Lavage in Exercises 9–9 and 9–11 .Required:Prepare a flexible budget performance report that shows the company’s
Flexible Budget [LO1]Pierr Manufacturing Inc. has provided the following information concerning its manufacturing costs:For example, utilities should be $1,600 per month plus $0.15 per machine-hour.
Critique a Report; Prepare a Performance Report [LO1, LO4, LO6]Wings Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate
Working with More Than One Cost Driver [LO4, LO5]The Toque Cooking Academy runs short cooking courses at its small campus. Management has identified two cost drivers that it uses in its budgeting and
Flexible Budgets and Revenue and Spending Variances [LO1, LO3]Gelato Supremo is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:Fixed Element
Flexible Budget Performance Report [LO1, LO4]AirAssurance Corporation provides on-site air quality testing services. The company has provided the following data concerning its operations:Fixed
Flexible Budget Performance Report in a Cost Center [LO1, LO4]Triway Packaging Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for
Activity and Spending Variances [LO1, LO2, LO3]You have just been hired by SecuriDoor Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you
More Than One Cost Driver [LO4, LO5]Verona Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well offering takeout and free home delivery services. The pizzeria’s

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