Principles of Cost Accounting17th EditionEdward J. Vanderbeck; Maria R. Mitchell Publisher: Cengage Learning USISBN: 9781305692862
Principles of Cost Accounting
Solutions for Principles of Cost Accounting
Problem 3Q:
What effect will applying variable costing have on the income statement and the balance sheet?Problem 7Q:
Why are there objections to using absorption costing when segment reports of profitability are being...Problem 8Q:
What are common costs?Problem 11Q:
What is cost-volume-profit analysis?Problem 14Q:
What is the difference between the contribution margin ratio and the margin of safety ratio?Problem 16Q:
Define differential analysis, differential revenue, differential cost, and differential income.Problem 19Q:
What are distribution costs?Problem 1E:
Yellowstone Fabricators uses a process cost system and applies actual factory overhead to work in...Problem 2E:
Using the information presented in E10-1, prepare comparative income statements for March (a) under...Problem 3E:
The chief executive officer of Acadia, Inc. attended a conference in which one of the sessions was...Problem 4E:
The following production data came from the records of Olympic Enterprises for the year ended...Problem 5E:
A company had income of 50,000, using variable costing for a given period. Beginning and ending...Problem 6E:
The fixed overhead budgeted for Ranier Industries at an expected capacity of 500,000 units is...Problem 7E:
Columbia Products Inc. has two divisions, Salem and Seaside. For the month ended March 31, Salem had...Problem 8E:
The sales price per unit is 13 for the Voyageur Companys only product. The variable cost per unit is...Problem 9E:
Teton, Inc. sells its only product for 50 per unit. Fixed expenses total 800,000 per year. Variable...Problem 10E:
A new product is expected to have sales of 100,000, variable costs of 60% of sales, and fixed costs...Problem 11E:
Augusta Industries manufactures and sells two products, golf balls and tennis balls. Fixed costs are...Problem 12E:
A company has sales of 1,000,000, variable costs of 250,000, and fixed costs of 600,000. Compute the...Problem 14E:
A company has prepared the following statistics regarding its production and sales at different...Problem 17E:
Redwood Industries needs 20,000 units of a certain part to use in its production cycle. The...Problem 1P:
Biscayne Industries has determined the cost of manufacturing a unit of product as follows, based on...Problem 2P:
Roosevelt Enterprises has determined the cost of manufacturing a unit of product as follows, based...Problem 6P:
Arctic Software Inc. has two product lines. The income statement for the year ended December 31...Problem 8P:
The production of a new product required Zion Manufacturing Co. to lease additional plant...Problem 9P:
Grand Canyon Manufacturing Inc. produces and sells a product with a price of 100 per unit. The...Problem 11P:
Emerald Island Company is considering building a manufacturing plant in County Kerry. Predicting...Problem 12P:
Royale Aluminum desires an after-tax income of $500,000. It has fixed costs of $2,500,000, a unit...Browse All Chapters of This Textbook
Chapter 1 - Introduction To Cost AccountingChapter 2 - Accounting For MaterialsChapter 3 - Accounting For LaborChapter 4 - Accounting For Factory OverheadChapter 5 - Process Cost Accounting—general ProceduresChapter 6 - Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-productsChapter 7 - The Master Budget And Flexible BudgetingChapter 8 - Standard Cost Accounting—materials, Labor, And Factory OverheadChapter 9 - Cost Accounting For Service Businesses, The Balanced Scorecard, And Quality CostsChapter 10 - Cost Analysis For Management Decision Making
Sample Solutions for this Textbook
We offer sample solutions for Principles of Cost Accounting homework problems. See examples below:
Chapter 1, Problem 1QChapter 1, Problem 12EChapter 1, Problem 6PChapter 1, Problem 7PChapter 1, Problem 9PChapter 1, Problem 10PChapter 1, Problem 13PChapter 2, Problem 1QJournal entry: Journal entry is a set of economic events which can be measured in monetary terms....
Chapter 2, Problem 17PChapter 3, Problem 1QChapter 3, Problem 7PChapter 3, Problem 9PJournal entry: Journal entry is a set of economic events which can be measured in monetary terms....Chapter 4, Problem 1QChapter 4, Problem 15PChapter 4, Problem 20PChapter 5, Problem 1QChapter 5, Problem 15EEquivalent units for production: The activity of a processing department in terms of fully completed...Chapter 5, Problem 2PPrepare a cost of production summary for the month March. G Inc.Cost of production summaryForming...Chapter 5, Problem 13PChapter 6, Problem 1QChapter 6, Problem 9EChapter 6, Problem 11EChapter 6, Problem 1PChapter 6, Problem 4PBudget: It is a planning device which is helpful for the company to set the goal and a gauge against...Chapter 7, Problem 2PPrepare the sales budget for the year ended December 31, 2016. SS IncorporationSales budgetFor the...Chapter 7, Problem 9PPrepare the factory overhead cost budget. Factory overhead cost budgetPercent of normal...Chapter 8, Problem 1QChapter 8, Problem 1EMaterials—2 lb @ $8$16Labor—1 hr @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Materials—2 lb @ $8$16Labor—1 hr @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Materials—2 lb @ $8$16Labor—1 hour @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Materials—2 lb @ $8$16Labor—1 hr @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Prepare the journal entries to record the transactions. ParticularsDebit($)Credit($)Work in...Chapter 8, Problem 1MCChapter 9, Problem 1QBudgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Budgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Budgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Budgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Chapter 10, Problem 1QAbsorption costing: It refers to the method of product costing in which the price of the product is...Absorption costing: It refers to the method of product costing in which the price of the product is...Chapter 10, Problem 9PCalculate the number of cans of each kind of nut sold as follows: Assume, x is cans of cashews sold,...Calculate the additional units that would have to be produced as follows: Additional units need to...
More Editions of This Book
Corresponding editions of this textbook are also available below:
PRIN. OF COST ACCT LL-W/CNOW >IP<
17th Edition
ISBN: 9781305770324
PRIN.OF COST ACCOUNTING-ACCESS
17th Edition
ISBN: 9781305254640
PRINCIPLES OF COST ACCOUNTING
17th Edition
ISBN: 9781305280151
PRIN.OF COST ACCOUNTING-W/ACCESS
17th Edition
ISBN: 9781305620049
Principles of Cost Accounting
17th Edition
ISBN: 9781305087408
EBK PRINCIPLES OF COST ACCOUNTING
17th Edition
ISBN: 9780100544789
EBK PRINCIPLES OF COST ACCOUNTING
17th Edition
ISBN: 9781305480520
Principles of Cost Accounting
16th Edition
ISBN: 9781133187868
Principles Of Cost Accounting
16th Edition
ISBN: 9781133712701
Prct Principles of Cost Accounting
10th Edition
ISBN: 9780538850995
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