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# Managerial Accounting: Hamilton Stage Supplies Costing

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Managerial Accounting, Third Edition by James Jiambalvo
"Solving Managerial Accounting Problems Using Microsoft Excel or Windows Templates by Rex A Schildhouse"

Problem P5-2 Variable and Full Costing: Sales Constant but Production Fluctuates
Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows:

2008 2009 2010 Total
Units sold 2,000 2,000 2,000 6,000
Units produced 2,000 3,000 1,000 6,000
Fixed production costs \$30,000 \$30,000 \$30,000
Variable production costs per unit 50 50 50
Selling price per unit 200 200 200
Fixed selling and administrative 4,000 4,000 4,000
expense

Required:
Part a: Calculate profit and the value of ending inventory for each year using full costing.
2008 2009 2010
Fixed manufacturing overhead Amount Amount Amount
Divided by units produced Number Number Number
Title Formula Formula Formula
Title Amount Amount Amount
Full cost per unit Formula Formula Formula

Sales Amount Amount Amount
Less ???
2008 Formula
2009 Formula
2010 Formula
Less ??? Amount Amount Amount
Net income Formula Formula Formula Formula

Ending inventory 2008 Value
Ending inventory 2009 Value
Ending inventory 2010 Value

Part b: Explain why profit fluctuates from year to year even though the number of units sold, the selling price, and the cost of structure remain constant.

Written response here.

Part c: Calculate profit and the value of ending inventory for each year using variable costing.

2008 2009 2010
Fixed manufacturing overhead Amount Amount Amount
Title Amount Amount Amount

Sales Amount Amount Amount
Title Amount Amount Amount
Title Formula Formula Formula
Less fixed costs:
Title Amount Amount Amount
Title Amount Amount Amount
Net income Formula Formula Formula Formula

Ending inventory 2008 Value
Ending inventory 2009 Value
Ending inventory 2010 Value

Part d: Explain why, using variable costing, profit does not fluctuate from year to year.
Written response here.

#### Solution Summary

The solutions computes profit, cost under variable costing & full costing for Hamilton Stage Supplies in excel sheet.

\$2.19

## Environmental Green Accounting at Apple Corps Ltd.

Strategic Management Accounting
Goal: detailed analysis on Environmental Green Accounting development in accounting information and strategy.
Selected: Apple Corps Ltd.

1) Please introduce Apple, highlights its definition of Green Accounting, and presents a chronology of key events in its development of its Green Accounting approach.

2) Why Did Apple Decide to Address Green Accounting? Please discuss Apple's management commitment to Green Accounting and its relationship to Apple Design for the Environment (DfE) and quality programs.

3) How Did Apple Initiate Its Green Accounting Project? Please describe Apple's use of a multi-functional team to develop Green Accounting.

4) How Did Apple Green Accounting Team Gather Information? Please summarizes Apple's fact-finding visits and literature review process.

5) What Has Apple Learned after the use of environmental accounting? Please presents the key findings of Apple recent Green accounting activities

6) Apple's Self Assessment Tool. Please describe the elements comprising Apple's first environmental accounting tool.