FUND.OF COST ACCT >CUSTOM<
6th Edition
ISBN: 9781307515565
Author: LANEN
Publisher: MCG/CREATE
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Textbook Question
Chapter 2, Problem 44E
Basic Concepts
The following data refers to one month for Talmidge Company. Fill in the blanks.
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a-1. What is the cost per unit for paychecks processed?
a-2. What is the cost per unit for customer accounts maintained?
a-3. What is the cost per unit for special analyses performed?
b. Assuming the followiing level of cost-driver volumes for a month, what are the accounting department's estimated costs of doing busines using the account analysis approach?
-1000 paycheck processed
-200 customer accounts maintained
-3 special analyses
Consider the following information:
Suppliers’ payment period 40 days
Receivables’ collection period 40 days
Finished goods holding period 15 days
Work – in progress holding period 10 days
Raw materials inventory holding period 20 days
a) what is the operating cycle?
Select one:
A. 75 days
B. 85 days
C. 70 days
D. None of the above
The following data (in thousands of dollars) have been taken from the accounting records of
Karlana Corporation for the just completed year.
Sales ...........
Raw materials inventory, beginning...........
Raw materials inventory, ending.
$910
$80
$20
$100
$130
$200
$160
Selling expenses..........
$140
Work in process inventory, beginning.......
$40
Work in process inventory, ending.......
$10
Finished goods inventory, beginning......... $130
Finished goods inventory, ending....
$150
The cost of goods sold for the year (in thousands of dollars) was:
Purchases of raw materials....
Direct labor...........
Manufacturing overhead.
Administrative expenses........
O $670
O $500
$540
O $650
Chapter 2 Solutions
FUND.OF COST ACCT >CUSTOM<
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