The Toque cooking academy runs short cooking courses at its small campus. Management has identified two costs drivers that it uses in its budgeting and performance reports-the number of courses and the total number of students.For example, the school might run four courses in a month and have a total of 60 students enrolled in t
ASSIGNMENT Run the Tablet Development simulation with your strategy, making decisions year by year for prices and R&D allocations. To reach the simulations (click here). http://forio.com/simulate/jelson/tablet-development-sim/simulation/#p=page0 Write a report that shows your decisions and the results. Discuss why you
ABC Company pays for purchases 40% in the month of purchase, and the balance in the following month. Recent purchases have been: August, $2,500; September, $5,000; October, $4,000; November, $5,000. What is the amount of cash disbursed to suppliers in October? A company produces a single product, with a selling price of $10 a
Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of Ã?£430,000 on sales of Ã?£1,800,000. The company's average operating assets for the year were Ã?£2,000,000 and its minimum required rate of return
1. (Cash conversion cycle) Auburn Hair Products has an inventory turnover of six times per year, a receivables turnover of 10 times, and a payables turnover of 12 times. What are Auburn Hair's inventory conversion period, receivables collection period, and payables deferral period? What is the cash conversion cycle? 2. (Ca
A firm currently has a 36 day cash cycle. Assume that the firm changes its operations such that it decreases its receivables period by 4 days, increases its inventory period by 1 day and decreases its payable period by 2 days. What will the length of the cash cycle be after these changes?
a. The Dallas plant of Oscar Chemical processes talphazine into zetazine and gammazine. A batch consists of 20,000 gallons of talphazine, costing $11,000. Processing costs are $52,000 and results in 14,000 gallons of zetazine and 6,000 gallons bammazine. Raw material and processing costs are allocated to the tow products base
Lovvern Trophies makes and sells trophies to little league ball players. The company normally produces and sells between 8,000 and 14,000 trophies per year. The following cost data apply to various activity levels. Number of Trophies 8,000 10,000 12,000 14,000 Total Costs incurred Fixed $42,000 Variable
Phoenix Manufacturers makes blank computer disks. It takes one-eighth of a pound of direct materials and one minute of direct labor at standard per disk. Direct materials cost $2.60 per pound at standard, and the standard direct labor rate is $6.00 per hour. During April, 35,200 disks were made, and the company experienced
You are a retail store manager (big box retailer) that needs to present the district team with a proposal. A family owned sporting goods store is closing. You (the store manager) need to come up with a proposal and give the presentation to the district team on expanding the sporting goods dept. You need whether
Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130. How many units should the company produce to maximize its profit? What is the price that company charges? What are the profit, total revenues, and total cost of the company?
Rnee Behr, MD is a psychiatrist who is in heavy demand. Even though she has raised her fees considerably during the past 5 years, Dr. Behr cannot accommodate all the patients who wish to see her. Behr has conductd 6 hours of appointments per day, 6 days per week, for 48 weeks per year. Her fee averages $150 per hour. Her v
Critically discuss whether return on investment or residual income should be used to assess managerial performance.
New machinery was installed to replace a number of employees, who were paid an extra month's wages and dismissed. This amount was added to the cost of the machinery. Discuss the propriety of the charge. If it was improper, describe the proper treatment.
WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Item Cost Behavior Cost Amount Broadcast Hours
Jonathan Macintosh is a highly successful Pennsylvania orchardman who has formed his own company to produce and package applesauce. Apples can be stored for several months in cold storage, so applesauce production is relatively uniform throughout the year. The recently hired controller for the firm is about to apply the high-low
WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Item Cost Behavior Cost Amount Broadcast Hours
Riverside Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets to its commercial customers. Company personnel who earn $210,000 typically perform both tasks; other firm-wide overhead is expected to total $50,000. These costs are allocated as follows: Bouq
Scrooge and Zilch, a public accounting firm in London, is engaged in the preparation of income tax returns for individuals. The firm uses the weighted-average method of process costing for internal reporting. The following information pertains to February. (£ denotes the British monetary unit, pounds sterling.)* Returns in
Redwood Company sells craft kits and supplies to retail outlets and through its catalog. Some of the items are manufactured by Redwood, while others are purchased for resale. For the products it manufactures, the company currently bases its selling prices on a product-costing system that accounts for direct material, direct labo
1)How are managerial accounting concepts useful for a decision-maker at any level in an organization? Make sure to include different levels of decision-makers in your reply. 2)In what ways can management accountants enhance the performance evaluation procedures in organizations? Should performance evaluation be based on numer
The course is Corporate Risk Management. Justine and Early Engineering, Inc. wants to assure that they fully integrate the risk register at the corporate, SBU and project levels. The risk management process looks like: Management: Strategic Level: Corporation Risk: Finance Tactical Le
George Fine, owner of Fine Manufacturing, is considering the introduction of a new product line. George has considered factors such as costs of raw materials, new equipment, and requirements of a new production process. He estimates that the variable costs of each unit produced would be $8 and fixed costs would be $70,000.
1. Lights, Camera, and More sells filmmaking equipment. The company offers three purchase options: (1) pay full cash today, (2) pay on-half down and the remaining one-half plus 10% in one year, or (3) pay nothing down and the full amount plus 15% in one year: George is considering buying equipment from lights, Camera, and Mor
22 Assume a fixed cost for an investment in a piece of equipment of $15,000, a variable cost to produce each unit of product with the equipment at $10, and a selling price for the finished product of $25. Which of the following is the break-even in units that would have to be produced and sold for total revenue to equal total co
Please help with the following problems. Suppose that the economist of Corporation XYZ estimates the following long run cost function for a product M that the company produces and sells. TC = 5Q2 + 10Q +180 The market price for product M is fixed at P = $70 a. What is the total fixed cost? b. What is the total vari
Portland Company produces parts for medical devices. These parts are made of pre-cast titanium metal and are used primarily in the construction of ventricular assist devices (VADs). The VAD is implemented alongside a patientâ??s native heart and designed to take over the pumping ability of the heartâ??s left ventricle, and a
Some nonfinancial factors included in capital investment decisions are more important now than they were 20-25 years ago. Give some examples of the types of nonfinancial factors that managers would consider more important in today's capital investment decisions than they were in the past.
Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $160 Average variable cost per passenger $70 Fixed operating cost per
Job 827 was recently completed. The following data have been recorded on its job cost sheet: Direct Materials - $61,050 Direct Labor Hours - 1332 DL Wage Rage - $14 / hr Machine Hours - 1480 # Units Completed - 3700 The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rat