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Accounting

Quantitative Reasoning for Business: Compute break-even sales and units

McConnell & Brue text Identify, analyze, and solve real-world problems that involve quantitative information Reason quantitatively and make numerical arguments Interpret and communicate the results of quantitative analyses Use technology and Internet resources effectively and build skills in working with data Develo

Cost per unit under ABC & traditional costing

See attached file for background information. Module 4 - Case Activity Based Costing The New Millenium Manufacturing Company produces two products. One is a millenium surf kit. The other product is a professional surf-board (short board) used in world class surfing competition. Most of the sales come from the mille

McFrugal, East Publishing, Rodney Rogers: leverage, breakeven volume, fixed costs

10. McFrugal, Inc. has expected sales of $20 million. Fixed operating costs are $2.5 million, and the variable cost ratio is 65 percent. McFrugal has outstanding a $12 million, 8 percent bank loan. The firm also has outstanding 1 million shares of common stock ($1 par value). McFrugal's tax rate is 40 percent. a. What is M

Activity based costing computing per unit

Part 5: The Gamble Company Gamble Company produces 50,000 units of Product Q and 6,000 units of Product Z during a period. In that period, four set-ups were required for color changes. All units of Product Q are black, which is the color in the process at the beginning of the period. A set-up was made for 1,000 blue units of

Publicly traded companies report financial performance

All publicly-traded companies must report their financial performance on a regular basis. --- What would be the sources of this financial information? ---- Who would be interested in the information? -----How might interested parties use this information? -----What could be the result of a firm reporting incorrect

Video Division, MCrew Entertainment: Transfer Pricing, Idle Capacity

At its Video Division, MCrew Entertainment manufactures computer monitors. These can be sold internally to the EDD Division of MCrew or externally to independent customers. Sales and costs of the most popular monitor are as follows: Per unit selling price $134.00 Per unit variable cost $103.00 Per unit

Kolkmeyer Manufacturing: operating characteristics of machines

3. Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to eight. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.05 machine per hour for each machine, and

Underapplied and overapplied overhead

Help, I need help on some homework... Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on 8,000 estimated direct labor-hours and $171,200 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $1

Apply Overhead in a Service Company

Figure out which amount of overhead cost would apply. 1. Compute the amount of overhead cost that would have been charged to each project during May. 2. Prepare a journal entry showing the completion of the Williams and Chandler projects and the transfer of costs to the Completed Projects (i.e., Finished Goods) account. 3

Davis, Incorporated: Variable Interest Entities and Stock Transactions

Davis, Incorporated, acquired 16,000 shares of Maxwell company several years ago. At the present time, Maxwell is reporting $800,000 as total stockholders' equity, which is broken down as follows: Common Stock ($10 par value) ..............$200,000 Additional paid-in capital..................230,000 Retained earnings......

Calculations for AFN

See attached file for detailed problem and requirements. XYW Company has the following December 31st balance sheet: ($000) Cash $ 41 A/P $ 335 A/R 160 Accruals 150 Inventory 450 Long-term Debt 246 Net Fixed Assets 650 Common Equity 570 Total liabilities

Fast Food Companies: Profit In Low Income Areas

How do fast food companies turn a profit in low income areas? Can you think of any legal issues that might be of conern to a company looking to cut corners in low income areas to help their profit margin?

Computing Basic EPS

1. Dublin Inc. had the following common stock record during the current calendar year: Outstanding - beginning of year 2,000,000 Additional shares issued 6/30 100,000 Additional shares issued 9/30 100,000 A 10% stock dividend was paid on December 1. What is the number of shares to be us

Effective evaluation systems for managers: residual income, performance reports

Discussion Question 1 The executive management team of your company has completed its annual evaluations of each division's performance using residual income measures. The division managers were ranked according to the residual income in each division. All division managers with residual income in the upper half of the ranki

Three business situations: How to detect, prevent and deal with employee fraud

1. Yvette, a CEO of a large manufacturing company, recently attended a seminar about fraud prevention. She suspects that frauds have already been committed in her company. She decided one technique she would use to help uncover the fraud and prevent future frauds in her company, is to conduct interviews of employees. She realize

Payroll Accounting

Can you help me understand this question? Employee earnings records for Brantley Company reveal the following gross earnings for four employees through the pay period of December 15. C. Mays $83,500 D. Delgado $86,100 L. Jeter $85,600 T. Rolen $87,000 For the pay period ending December 31, each employee's gross earnin

What is the relationship between average and marginal productivity?

Can you help me get started with this assignment? What is the relationship between average and marginal productivity? "Where marginal product exceeds average productivity, average productivity rises. And where marginal productivity is less than average productivity, average productivity declines when the variable input in

MA_U10_39-43: factory overhead, volume variance, standard costs, profit center

MA_U10_39-43: please see attachment for problems. 39. The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 u

calculating Taxable income

During 2007 Richard and Debbie, who are married and have two dependent children, have the following income and losses: Total salaries $130,000 Bank account interest 25,000 Short-term capital gains 4,000 Short-term capital losses (1,500) They also in

Chan Manufacturing: Variable and Absorption Costing

Can you help me understand this question? Variable & Absorption Costing Chan Manufacturing Company data for 20X7 follow: Sales : 12,000 units at $17 each Actual Production 15,000 units Expected volume of production 18,000 units Manufacturing costs incurred Variable $120,000