1. Osterville Manufacturing produces lamps for large department stores. For 2007, the two production departments
had budgeted allocation bases of 100,000 machine hours in Department 1 and 50,000 direct manufacturing la
A small building supply company, Top Notch Lumber, experienced the following event during the
A. Incurred $250,000 in selling costs
B. Purchased $820,000 of building material
C. Paid $20,000 for vehic
Problem Exam 3
1. Consider the following information for Basin Head Door Company for the production of two types of doors: Standard and Superior:
Material costs used and supplied for 2,000 Standard Doors, $400,000; 800 Superior Doo
Problem Exam 5
1. The following information appears in the records of the Woodrow Company: On June 1, beginning work-in-process contained 100,000 units, 70%
complete as to conversion costs. During June, 300,000 units were transferr
Cari Anne Battersby
Exercise 12.30 Canyon Escape sells individual tickets for $75 for walking tours of the Grand Canyon. Unit-Level costs,
including lunch, are $15 per ticket: fixed costs total $200,000 per year.
A. How Many
Week 8 Hand Out
1. Joe Inc. estimates that its employees will utilize 300,000 machine hours during the coming year.
Total overhead costs are estimated to be $6,300,000 and direct labor hours are estimated to be
100,000. Actual machine hours are 420,000. A
ACC 505 Case Study Directions and Rubric
The following items should be included in your case study write-up:
A brief summary of the case
What allowed the fraud to happen
Who were the victims
Changes that should happen after the fraud (change in contro
Saint Leo University
Graduate Business Studies
3 Credit Hours
Students will learn how and why occupational fraud is committed, how fraudulent conduct can
be deterred, and how allegations of fraud
Making sure that everyone is being honest there should always be more than one person
checking all of the documents and statements of the transactions being made each day. In this
case study that is exactly what was going on, but they did not realize that
Rita Crundwell had allegedly embezzled 53 million dollars from a company who trusted
her every move and believed everything she said because they trusted in her to look out for them
and continue to bring them business. No one expected Crundwell to be the
Production Cost Report
Month Ending March 31
Flow of units
Units to account for:
Total units to account for
Units accounted for:
Completed and transferred out
Total units to accou
Volkswagon Canada developed ABC costs of the wheel-building process at one of its plants. The process
involves melting aluminum, pouring the melted aluminum into molds(casting), testing, finishing/polishing
Match the cost(s) most likely to be relevant to each listed decision
Accept a special order
Close a plant
Launch a new product
Make or buy a product component
Outsource a business activity
Manning sells two products, windshield wipers and sunshades, to two types of customers, hardware and auto part stores. Using the following inform
prepare a customer profitability statement
The following information pertains to the Dominguez Paint Plant for the month of May:
Number of units Cost of material
Beginning work in process
Started in May
Problem Exam 8
Great Chocolate Product Profitabili
Contribution Margin Ratio
Customer sales to:
Problem Exam 7
Eiffel Inc. has two divisions which it treats as investment centers. The results for last year were as
1. (CMA adapted) Rum Company has developed a new product that will be marketed for the first time during the next fiscal year.
Although Rum's Marketing Department estimates that 35,000 units could be sold at $36 per un
Problem Exam 1
1. C & P Frosties is a local ice cream shop. The company currently is showing an operating loss, as evidenced by the income
# of orders
# of runs
Lbs. Of mat.
Topic: Activity-Based Costing System
a. What Activity-Based Costing System is
b. Where Activity-Based Costing come from
c. How Activity-Based Costing is being used in todays business environment
a. Purchased material
b. Issued supplies
c. Purchased material
d. Paid for material
1. Activity-Based Costing evaluates the costs and values of process activities to identify opportunities for
2. By itself, Activity-Based Costing does not result in the process improvements that might be nece
1. Responsibility accounting refers to the various concepts and tools used to measure the performance of people
and departments in order to foster goal or behavioral congruence.
2. Goal congruence results when the managers of su
1. The return-on-quality (ROQ) view of quality management assumes that there is a tradeoff between the
costs and benefits of improving quality.
2. A defect is an attribute of a product, either tangible or intangible, that falls s
1. A cost-management system is the set of cost-management techniques that function together to support the
organization's goals and activities.
2. Cost management is a philosophy, an attitude, and a set of techniques aimed at gen
1. A flexible budget is a budget that is valid within the firm's relevant range of activity.
2. The variable-overhead efficiency variance measures the cost of variable overhead cost driver.
3. Activity levels in the f
Midterm Exam Review Guide
This is a guide to assist you as you study. It is your responsibility to study all the chapters included in this
1. Development of the double-entry system of bookkeeping
2. Criticisms of the development of accountin
1. Many traditional cost accounting systems do not trace indirect costs to products.
2. In traditional cost systems, many complex products are overcosted and simple products are undercosted.
3. Traditional cost account
1. Employee behavior may be adversely affected when standard cost variances are used as part of the employee
2. Perfection standards can be defined as standards that are "tight but attainable."
1. Product costs are costs assigned to goods that were either purchased or manufactured for resale.
2. Product costs become expenses in the period they are purchased.
3. The product cost of merchandise inventory acquir