Explore BrainMass


The Medical Center - Predetermined Factory overhead rate

The Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On November 1 of

Bullock Furniture: Calculate balances for materials ledger

Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system. Balances on June 1 from the materials ledger are as follows: Fabric $18,400 Polyester filling 5,500 Lumber 41,200 Glue 1,800 The materials purchased during June are summarized from the receiving reports as follows: Fabric $

Cost Accounting Budgeted Data

Attached #1 The following budgeted and actual data are for the operations of the All-Fixed Company. All-fixed uses budgeted production as the denominator level and writes off any production volume variance to cost of goods sold. 2008 2009 Sales 10,000 tons

Compare Nordstrom's liquidity with (1) that of J.C. Penney Company

see attached Nordstrom Inc. operates department stores in numerous states. Selected financial statement data for the year ending January 29, 2012, are as follows. NORDSTROM, INC. Balance Sheet (partial) (in millions) End-of-Year Beginning-of-Year Cash and cash equivalents $ 482 $ 369 Receivables (net)

An item is relevant if it is different between or among decision alternatives.

"An item is relevant if it is different between or among decision alternatives. That item is not relevant if it is the same between or among decision alternatives." We have more information available today than ever before ... Yet that is not always to our benefit, for much of the information may have questionable accurac

Preparing the Net Cash Provided by Operating Activities Section

See attached. The current sections of Leach Inc.'s balance sheets at December 31, 2010 and 2011, are presented here. Leach's net income for 2011 was $152,760. Depreciation expense was $24,000. 2011 2010 Current assets Cash $105,170 $99,170 Accounts receivable 110,300 88,520 Inventory 157,

Calculate variances for Healing Touch and Turow Trailers

1. Healing Touch manufactures massage chairs with the following standard cost structure: Standard Cost Sheet: Massage Chair Metal tubing ¨ 6 meters @ $3 $ 18.00 Leather 2 square meters @ $7 $ 14.00 Padding 3 kilograms @ $4 $ 12.00 Direct labor 4 hours @ $15 $ 60.00 Total standard cost $104.00 During th

Example of circumstances that changes ratios

Consider each of the following situations independently of each other. 1.Current ratio increases from one period to the next. 2.Accounts receivable turnover increases from one period to the next. 3.Accounts payable turnover increases from one period to the next. Question 1 Provide one example of when the underlyi

Gift tax Form 709 for Dale and Andrea Dixon

See the attached file in proper format GIFT TAX FORM 709 Dale C. and Andrea M. Dixon (Social Security numbers 123-45-6789 and 123-45-6788) live at 912 Mockingbird Lane, Pine Bluff, AR 71602. Both are active in real estate ventures and in the past have developed and owned numerous shopping centers in various parts of Arkans

current account detail, Waterford Wax Company

attached problem 1. The Waterford Wax Company had the following current account activity last year. Beginning Ending Beginning Ending Cash $ 160 $ 333 Accts Pay $722 $2,084 Accts Rec 1,875 3,810 Accruals $217 456 Inventory 438 2,676 Curr Assets $2,473 $6,819 Curr Liab. $939

Research two career paths you might consider as a profession within the accounting industry. Describe the education, professional development, license or certification, and experience requirements for the chosen path. Why would this be a suitable or unsuitable pursuit for your future?

Research two career paths you might consider as a profession within the accounting industry. Describe the education, professional development, license or certification, and experience requirements for the chosen path. Why would this be a suitable or unsuitable pursuit for your future?

Companies Activity Based Costing to Compute Costs

Question 1) A Company uses activity-based costing to compute the costs of her catered parties. Each party is limited to 20 guests and requires four people to serve and clean up. The company offers two types of parties,an afternoon picnic and an evening formal dinner. The break-down of the costs f

Business Tax Return and Training Materials for New Hires

See attached files. You and your colleagues at the firm have been asked to develop training materials for new hires on the preparation of tax returns for the corporation, using the tax return for your client company name, Peacock Tree Incorporated, as an example. To access Peacock Tree Incorporated information, and to comp

Lot-for-lot, economic order quantity, and least total cost

Please help with the following accounting problem: An item has a setup cost of $100 and a weekly holding cost of $0.50 per unit. Given the following net requirements, what should the lot sizes be using lot-for-lot (L4L), economic order quantity (EOQ) and least total cost (LTC)? Also, what is the total cost associated with eac

Tyco I'm Sure It's a Really Nice Shower Curtain - Sales Tax Evasion Case

See case here: Case St

Discounts (3 Case Studies)

* Yukio Mishima Industries acquired equipment this year to be used in its operations. The equipment was delivered by the suppliers, installed by Mishima, and placed into operation. Some of it was purchased for cash with discounts available for prompt payment. Some of it was purchased under long-term payment plans for which the i

Jay Manufacturing - Fixed Assets Case

Jay Manufacturing, Inc. began operations five years ago producing probos, a new type of instrument it hoped to sell to doctors, dentists, and hospitals. The demand for probos far exceeded initial expectations, and the company was unable to produce enough probos to meet that demand. The company was manufacturing probos on equipme

Cost accounting

1)The following transactions occurred in October at Pawnee Workshops, a custom manufacturer of furniture: 1. Purchased $16,000 of materials. 2. Issued $800 of supplies from materials inventory. 3. Purchased $11,200 of materials. 4. Paid for materials purchased in transaction (1) 5. Issued $13,000 in direct materials to the

Should we judge managers based on budgeted performance or past performance? Why?

Which s a better criterion for judging managers, budgeted performance or past performance? Why? Production managers and marketing managers historically mix like oil and water. Discuss how a budget can assist in reducing battles between these two areas (production and marketing). What specific considerations arise when bu

Eleven Accounting Questions

1. For the year ended December 31, 2010, Kurz Co. estimated its allowance for doubtful accounts using the year-end aging of accounts receivable. The following data are available: Allowance for doubtful accounts, 1/1/10 $37,000 Estimated uncollectible accounts during 2010 (1% on credit sales of $4,000,000) 40,000

Tax for Jane: pay down mortgage, sell jewelry, depreciate vehicle

I think that the fees would be better used for paying off our house and buying a new, bigger house that I've had my eye on. Does it make better tax sense for us to pay off the mortgage, sell the house, and buy a new house, or should we just use the money to buy the new house after selling the old house? Also, I sell handcraft

Milano Corporation: Calculate missing amounts and performace in each division

Milano Corporation has three operating divisions and requires a 12% rreturn on all investments. Selected information is presented here: a. Calculate the missing amounts for each division. b. Comment on the relative performance of each division. c. Provide an example to show how residual income improves decision making at