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Accounting

Support Costs

Different products consume different porportions of manufacturing support costs because of diffences in all of the followinh except - sales prices, customers' customization specifications, setup times, or product design I believe - sales prices - is the answer. Please advise of answer and why. Thanks!

Activity Costs are defined.

Activity costs are described as ________ over the long run because management adjusts the amount of resources employed to correspond to the demand for those resources. fixed, varible, committed, or non-discretionary

Costs

A key reason for assigning selling and distribution costs to products for analytical purposes is that -- all direct costs must be assigned, different processes, products and/or customers require different qualtities of selling and distribution activtities, customers demanded it, or controllers demanded it I believe - a

Introducing a New Prodct to Market

Company X is a small firm innovative in the production and sale of electrical business products. The company is well known for its attention to quality and innovations. During the past 15 months, a new product has been under development that allows users handheld access to email and video images. Company X code named the

Support Costs

The following applies to the following two parts: A company manufactures pipes and applies manufacturing support costs tp production at a predetermined rate of $15 per direct labor hour. The following data are obtained from the accounting records for June 20x2: Direct materials

Fixed; Variable and Semivariable Costs

Valley Meat Company produces one of the best sausage products in Pennsylvania. The company's controller compiled the following information by analyzing the accounting records: 1. Meat costs the company $2.80 per pound of sausage produced. 2. Compensation of production employees is $2.00 per pound of sausage produced. 3. Sup

ACCOUNTING PROBLEM: PARTNERSHIPS

Instructions: For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $150,000 and (2) net income of $90,000. Present the data in tabular form, using the following columnar headings: PLEASE SHOW THE BASIC CONCEPT ON HOW TO ANSWER A-F. WHAT IS THE BEST WAY TO SET UP

10 MULTIPLE CHOICE INTRO ACCOUNTING PROBLEMS

1. After the physical inventory is completed, A) quantities are listed on inventory summary sheets. B) quantities are entered into various general ledger inventory accounts. C) the accuracy of the inventory summary sheets is checked by the person listing the quantities on the sheets. D) unit costs are determined by dividing

Accounting MGM

Scenario: Lava Rock Bicycles, headquartered in San Miguel, California builds bikes for novice to mid-level cyclists, triathletes, and world-class athletes interested in cross-training. Lava Rock is beginning its 6th year of business. It continues to grow its product line and target customer market and it recently became a publ

Case: Lake Champlain Sporting Goods Company- Break even analysis. Compute Lake Champlain Sporting Goods' estimated break-even point in sales dollars for the year ending December 31, 20x4, based on the budgeted income statement prepared by the controller.

Subject: Sales Commissions in a Wholesale Firm; Income Taxes CASE - Lake Champlain Sporting Goods Company, a wholesale supply company, engages independent sales agents to market the company's products throughout New York and Ontario. These agents currently receive a commission of 20% of sales, but they are demanding an incre

Cost Accounting: Manufacturing problem

Fowler Industries produces two bearings: C15 and C19. Data regarding these two bearings follow. C15 C19 Machine hours required per unit 2.00 2.50 Standard cost per unit: Direct material $ 2.50

Accounting Firm Accountability

With the recent prevalence of corporate scandals in the United States recently, there have been many efforts made towards reform. I need help evaluating the following statement: "Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year."

Disciplinary action situations in an organization

There are numerous discipline issues that can arise in any organization. Listed below are different situations that could indicate the need for disciplinary action. For each situation, indicate what type of disciplinary action would be appropriate and why. In your answer explain how your suggested approach to this situation

Economic Order Quantity and Terms of Sale

Chapter 20, Problem 10, Page 558 Economic Order Quantity. Genuine Gems orders a full month's worth of precious stones at the beginning of every month. Over the course of the month, it sells off its stock, at which point it restocks inventory for the following month. It sells 200 gems per month, and the monthly carrying cost is

Master budgets

I have already done the calculating but am having a problem writing verbiage to go along with each schedule.. If an OTA can help with the verbiage for each schedule I would greatly appreciate it. Thanks in advance

Accounting: value of assets

Deyonne has 400 sheep, Batonne has 360 sheep. Batonne has 30 acres of land, Deyonne has 20 acres; Deyonne's land was inherited while Batonne had given 35 sheep for 20 acres of land 10 years ago. This year he gave 40 sheep for 10 additional acres of land. Battone says that 35 of Deyonnes sheep belong to another man, and deyonn

Business analysis

Banks rely heavily upon customers deposits as a source of funds. Demand deposits normally pay interest to the customer, who is entitled to withdraw at anytime without prior notice to the bank. Checking and NOW accounts are the most popular for of demand deposits for banks. Assume that Kennon Storeage has a checking account at Li

Finding the beta of the market

The risk free rate of return is 3%. The expected market return is 9%, and the market risk premium is 6%.What is the beta of the market?

Today's Price for a Stock

Next years dividend for ERT stock is expected to be $4.00. You expect it to be $4.00 in 2 years, also, but then you expect it to grow at an 8% annual rate forever. The required rate of return for years t=0 through t=2 is .20. The required rate of return for year t=3 onward is .25. What is the price of the stock today?

Cost Accounting Pt.2 - Need help framing problem and starting

I am being asked to put together a response for the following q's. Can you help me get started on what is REALLY being asked from a acost accounting perspective? Thanks... 1.What is your initial market introduction plan for the CMSS pads? 2. What should be the goal and objectives? 3. In addition to the price, provid

Cost Accounting

These are sample problems from an exam - attached is are the case facts. I need to start answering the following questions. I am looking for some solid cost accounting strategies: 1. What has been happening in this market? How is Sealed Air doing? 2.What arguments can be made for introducing an uncoated bubble? What woul

Financial Stock Question

Shares of Stujk, Inc. sell for $20 per share. 40% of earnings are paid in dividends. What is the dividend yield?

ABC costing

Case Study, comparing ABC costing with conventional costing. please provide refrences. should not be same as previous answer.

Galway Bay Enterprises: compute the present value of a bond

Please explain how to compute the present value of a bond? Galway Bay Enterprises issued 10%, 8-year, $2,000,000 par value bonds that pay intrest semiannually on October 1 and April 1. The bonds are dated April 1, 2002, and are issued on that date. The discount rate of interest for such bonds on April 1, 2002, is 12%. What