Sample Papers

CVP   and the Airline Industry We’ve all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, “Airline […]

Hershey Company Watch the video Hershey’s Chocolate Making Process. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining. In […]

Direct and absorption costing  The information that follows pertains to Consumer Products for the year ended December 31, 20X6.   Inventory, 1/1/X6 24,000 units   Units […]

Break-even and other CVP relationships  Cedars Hospital has average revenue of $180 per patient day. Variable costs are $45 per patient day; fixed costs total $4,320,000 […]

High-low method The following cost data pertain to 20X6 operations of Heritage Products:   Quarter 1  Quarter 2  Quarter 3  Quarter 4    Shipping costs $58,200 […]

Find the unknowns for each of the divisions. 2. Computations using a job order system  General Corporation employs a job order cost system. On May 1 […]

Straightforward variance analysis  Arrow Enterprises uses a standard costing system. The standard cost sheet for product no. 549 follows.   Direct materials: 4   units @ $6.50 […]

Basic flexible budgeting Centron, Inc., has the following budgeted production costs:   Direct materials $0.40 per unit   Direct labor 1.80 per unit   Variable factory […]

Liabilities & Stockholders’ Equity    Accounts payable to suppliers $14,000   Common stock $25,000   Retained earnings 21,000 46,000   Total liabilities &. stockholders’   equity $60,000 […]