Discuss what absorption, variables, and throughput costing are; when each is used
Discuss what absorption, variables, and throughput costing are. Determine when each would be used. Provide an explanation and example of all three.
Discuss what absorption, variables, and throughput costing are. Determine when each would be used. Provide an explanation and example of all three.
You are preparing an accounting report for your peers. How formal should this report be? Might this be different if the report was for your manager? Might this report be different if the owner of a business was your client?
As the CPA for a large organization, your manager has asked you to provide information to outside CPAs who are examining a subsidiary that has been set up as a corporation. As part of their review, the CPAs have asked you to provide them with the following explanations: - The methodology used to determine deferred taxes -
Can you help me get started with this assignment? I am struggling here... Write a report about any book that relates to sales. Use APA formatting, including double spaced. Good grammar is important and good choice of words, too. DO NOT forget to provide some references. Thanks!!!
What is the annual amount that a donor can give to a recipient during 2011 and not have to file a gift tax return? If the donor gives more than this amount, is the donor required to pay a gift tax? Recommend a tax strategy, other than giving only the annual exclusion amount, to minimize the gift tax.
The US International Trade Commission's committee in charge of the global safeguard investigation involving imports of steel has announced its recommendations to be forwarded to the president. Of the 33 steel product categories investigated, 12 have experienced a significant increase in the quantity of imported steel, causing se
Parent Corporation has owned 60% of Subsidiary Corporation's single class of stock for a number of years. Tyrone owns the remaining 40% of the Subsidiary stock. On August 10 of the current year, Parent purchases Tyrone's Subsidiary stock for cash. On September 15, Subsidiary adopts a plan of liquidation. Subsidiary then makes a
I- Costs continue to rise in Corporate America. In many cases, this diminishes the benefit, particularly with health care. It has also been said that people's individual decisions may be a primary cause of the rising costs. 1- What ways do you feel are best to help control those costs? 2- What are the concerns for low-inc
Gains differ from revenues because gains: a. are not a result of the entity's ongoing, central operations. b. do not have to be realized. c. are reported as income from operating activities. d. do not involve any offsetting costs or expenses. 2. The gross profit ratio is useful to the manag
1. The Draper Company is considering dropping its Doombug toy due to continuing losses. Revenue and costs data on the toy for the past year follow: Sales of 15,000 units $150,000 less Variable expenses $120,000 = Contribution margin $30,000 less Fixed expenses $40,000 = Net operating loss ($
Income statement data for Gimbels Images Company for the years ended December 31, 2010 and 2009 are as follows: Sales 196,000 160,000 Cost of Goods Sold 170,100 140,000 ------------------------------ Gross Profit 25,000 20,000 ------------------------------ Selling Expenses 12,200 10,000
Scenario: You have been asked to speak at a career fair for high school students in your home town. Specifically, you are making a presentation about your role as an accountant. 1. Describe for the students the primary objectives of accounting. 2. Explain the basic terminology of the accounting process or financial re
ROI is a useful performance measure for divisions' profitability As it is based on comparing profit with the investment value it is possible to be affected by depreciation. When we deduct the depreciation charges, the investment value goes down thus the ROI will increase even if profits remain the same. What other drawbacks w
See attached for full data: 62. Financial statement analysis: A. Is the application of analytical tools to general-purpose financial statements and related data for making business decisions. B. Involves transforming accounting data into useful information for decision-making. C. Helps users to make better decisions. D.
Prob 15-9A Ryniak Corporation's common shares are currently selling on a stock exchange at $85 per share; and a recent balance sheet shows the following information Ryniak Corporation Shareholder's Equity April 30,2011 Contributed Capital: Preferred Shares, $2.50 cumulative, 1000 shares authorized, issued and outs
Williams Queen owns all the stock in Able and Baker Corporations. Able, a successful enterprise, has generated excess working capital of $3 million. Baker is still in its developmental stages and has had substantial capital needs. To meet some of these needs, Williams had Able lend baker $2 million during 2008 and 2009. These lo
Differential analysis involves knowing which costs are relevant, i.e. future costs that vary among alternatives. It is important to know what information to use and not just how to execute the analysis. Herrestad Company receives an offer to make a new product, called C, for a new customer. The customer wants to buy 1,000 uni
You are a manager responsible for introducing new employees to their teammates. Having recently accepted a promotion, you have decided to write a memo for the new manager who will replace you. The new manager is an accountant with limited background in group communication.
Miller Brothers Hardware paid an annual dividend of $1.15 per share last month. Today, the company announced that future dividends will be increasing by 2.6 percent annually. If you require a 12 percent rate of return, how much are you willing to pay to purchase one share of this stock today? A) $12.23 B) $12.55 C)
See attached file for tables. Problem 11-4A Analysis of changes in stockholders' equity accounts. The equity sections from Salazar Group's 2011 and 2012 year-end balance sheets follow. The following transactions and events affected its equity during year 2012. Required 1. How many common shares are outstanding on ea
Describe a fraud scheme that could be used for information assets and explain the controls that can mitigate this fraud risk.
Please see posting ID # 268769, which can be found here: http://brainmass.com/business/finance/268769 to find the full details of the problem. No further download is required. What is the incremental free cash flow during years 2 through 10 of the project?
Q3. Fougere Realtors, Inc. specializes in home re-sales. It earns revenue from selling fees. Fougere Realtors' major costs are commissions for salespersons, listing agents, and listing companies. Its business has improved steadily over the last ten years. As usual, Chris Fougere, the managing partner of Fougere Realtors, Inc.,
2. Consider the following selected cost data for the Herbivore Manufacturing Company for 2011: Budgeted manufacturing overhead costs $8,500,000 Budgeted machine hours 350,000 Actual manufacturing overhead costs $8,100,000 Actual machine-hours 335,000 The company uses normal costing. Its job-costi
Complete the following exercise: Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset after being reprimanded for his department's poor performance over the prior month. The department's cost control report is given below: "I just can't understand all the red ink", Weston complained
See attached file. Read the cash fraud schemes segment on p 697 in the attachment. Why are these the most common types of cash fraud schemes? Why are these the most common and what might be done to reduce their frequency?
Why is a "blind" purchase order used as a receiving report document?
Looking for the gross profit and gross margin from the following data: Inventory 12/31 $25,000 Purchase $120,000 Freight-in $5,000 Sales $225,000 Property tax $10,000 Depreciation $20,000 Insurance $8,000 Salary-Sales staff $20,000 Advertising $6,000
"Classification of costs into variable and fixed categories depends on the decision situation." Explain.
"Incremental analysis is quicker, but it has no other advantage over an analysis of all costs and revenues associated with each alternative." Do you agree? Why or why not?