1. What are the differences between absorption and variable costing methods on income statement presentation? 2. How are fixed costs treated under variable costing? How are they treated under absorption costing?
This is for Accounting utilizing Accounting for Decision Making and control, 5th edition, by Jerold L. Zimmerman. Each question should be approximately one to two full pages to allow a thorough discussion of the case material. Typed double space. Jan Vanderschimdt was the founder of a successful chain of restaurants located
(See attached file for full problem description) --- This is for Accounting utilizing Accounting for Decision Making and Control, 5th edition, by Jerold L. Zimmerman. Each question should be approximately one to two full pages to allow a thorough discussion of the case material. Typed double space. Candice Company Candi
1. On January 31, an entity's balance sheet showed total assets of $750 and liabilities of $250. Owners' equity at January 31 was: A) $ 500 B) $1,000 C) $ 750 D) $ 250 Use the following to answer questions 2 - 3: At the beginning of the fiscal year, the b
Let's maximize profits through FASB statement NO. 115 Fasb statement no. 115 is another example of the boards emphasis on the balance sheet as contrasted with the income statement . As treasurer of diamond instrument , you desire to maximize income over the short run . Diamond has had excess cash , and you have chosen to inv
This is a problem from my management accounting homework. I don't am confused b/c there is so much information missing from the problem...but then, they wouldn't leave out information that we need, so I know I am wrong in what I am starting to do... The question is...for each of the following 2 jobs making 2 different produc
This is a problem from my Management Accounting textbook by Kaplan, Young, and Atkinson - fourth edition. It is about gainsharing. A company manufactures breakfast cereals. The production workers are part of a gainsharing program that works like this: A target level of labor costs is set based on the achieved level of prod
1. Rockwell Paper Company had earnings after taxes of $580,000 in the year 2003 with 400,000 shares of stock outstanding. On January 1, 2004, the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25% (a) Compute earning per share f
Which of the following is not a method to control cash? A. Using electronic funds transfers B. Using bank accounts C. Using a petty cash fund D. Performing surprise cash counts
Two problems concerning "Arlon Co." and "Powell Co." (See attached file for full problem description)
1. Using activity-based systems, the stage of the management cycle that identifies actions that will reduce the full product or service cost is a. planning. b. executing. c. reviewing. d. reporting. 2. Lasso Corp. budgeted $250,000 of overhead cost for 2001. Actual overhead costs for the year were $240,0
Problem attached ---- 1. Suppose you purchased the Oct. 170 calls. What would your return be if the stock price ended at $185 on Oct. 16 AND how does this rate of return compare to just buying and selling the stock?... (Compete problem set and tables found in attached file) ----
I have attach the paper work.
SUPPOSE THAT FOR 20X1 A PARTICULAR STORE BUDGETED REVENUE OF $220,000, A 10% INCREASE OVER THE CURRENT REVENUE OF $200,00. THE ACTIONS LISTED IN EXIBIT 1-2 RESULTED IN SIX NEW BUDGETED PRODUCTS AND A TOTAL ADVERTISING BUDGET OF $15,000. ACTUAL RESULTS WERE _____________________________________ NEW DRINKS
Materials used by Aero-Products Inc. in producing Division 3's product are currently purchasing from outside suppliers at a cost of $5 per unit. However, the same materials are available from Division 6. Division 6 has unused capacity and can produce the materials needed by Division 3 at a variable cost of $3 per unit. A tran
Is liability protection more important than taxes? why?
1. Prepare Jones' Department A Cost of Production Report for October 2. Determine (a) the estimated sales in units of the overall product necessary to reach the breakeven point for the coming year, (b) the estimated number of units of each product necessary to be sold to reach the breakeven point for the coming year, and (c) the estimated sales in units of the overall product necessary to realize an operating income of $119,600 for the coming year.
1. Jones Co. manufactures a product called Zenns in a three-process series. All materials are introduced at the beginning of the first process. Jones uses the first-in, first-out method of inventory costing. Unit and cost data for the first process (Department A) for the month of October 2003 follow: Units Completion Cost Work
I want to compare 2 pieces of equipment to determine when the sales level, in units, and the cost will be the same for both pieces of equipment. I know the capacity related costs, flexible costs per unit and the sales price per unit for each piece of equipment. How do you determine when the cost will be the same?
Other accrued liabilities-payroll. The following summary data for the payroll period ended on November 14, 2003, are available for Brac Construction, Ltd.: Gross pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ ? FICA tax withholdings . . . . . . . . . . . . . . . . . . . . . . ? Income tax withh
Andre has asked you to evaluate his business, Andre's Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent and other fixed expenses are $1,750 per month. Assume that the only ser
Please assist me with these questions (also attached): MATCHING Instructions: Designate the terminology that best represents the definition or statement given below by placing the identifying letter(s)in the space provided. No letter should be used more than once. A. Additions and improvements AA. Internal control B. A
Please assist me with these questions ... Thank you! See attached excel file. 11. In the direct labor variance matrix, there are three factors: (1) Actual hours à? Actual rate, (2) Actual hours à? Standard rate, and (3) Standard hours à? Standard rate. Using the numbers, indicate the formulas for each of the direct l
Total, fixed, and variable predetermined manufacturing overhead rate & total, controllable, and volume overhead variances
E8-6 The following information was taken from the annual manufacturing overhead cost budget of SooTech Company. Variable manufacturing overhead costs $33,000 Fixed manufacturing overhead costs $19,800 Normal production level in hours 16,500 Normal production level in units 4,125 D
Please help with answering multiple choice in the attached doc. 42. Under the corporate form of business organization a. a stockholder is personally liable for the debts of the corporation. b. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. c. t
Ex. 160 Dwyer Corporation issues a $500,000, 12%, 20-year mortgage note payable on December 31, 2003, to obtain needed financing for the construction of a building addition. The terms provide for semiannual installment payments of $33,231 on June 30 and December 31. Instructions (a) Prepare the journal entries to record the
Would you rather receive a cash or stock dividend? Why? What are the criteria for using the cost, equity, or consolidated method of accounting?
E2-17 Instructions: a) Fill in the missing amounts b) Journalize the February paroll and the payment of the payroll. Please see attached.
I need help verifying and completing this problem. Please see attached worksheet. Thank you!!! Instructions a. Determine the overhead rate for each activity. b. Assign the manufacturing overhead costs for April to the two products using activity-based costing. c. Write a memorandum to the president of Fribourg Instrument
BYP1-18 Ehlert & Ramos is a wholesaler of small appliances and parts. Ehlert & Ramos is operated by two owners, Bill Ehlert and Denise Ramos. In addition, the company has one employee, a repair specialist, who is on a fixed salary. Revenues are earned through the sale of appliances to retailers (approximately 75% of total revenu
E2-5 Ramirez Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $275,000 for the year, and machine usage is estimated at 125,000 hours. In January, $26,000 of overhead costs are incurred and 12,000 machine hours are used. For the remainder of the year, $274