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Management Accounting

Managerial Accounting: Master Budgeting

Mainline moving company specializes in hauling heave foods over long distances. The company's revenues and expenses depend on revenue miles, a measure that combines both weights and mileage. The summarized budget data for next year are based on predicted total revenue miles of 800,000. At that level of volume, and at any level

Managerial accounting: Cost flows, cost of goods manufactured, WIP

Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manuf

Important information about Joint cost allocation

Show and explain all calculations. A seafood business purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21 dollars per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assu

30 Managerial Mutiple Choice: Budgets, Cash flows, Volume, Variances, Prices

1. The master budget is primarily concerned with: a. Short-range decisions b. Intermediate-range decisions c. Long-range decisions d. None of the above 2. Capital budgeting deals with: a. Short-range purchase decisions b. Intermediate to long-term asset management decisions c. Perpetual budgeting decisions d. Division

Cost Allocations: Relevance to US Army Corp of Engineers, City of Seattle, US DHS

1. Why does the US Army Corp of Engineers worry about cost allocations? Aren't they a branch of the US Federal Government? Why does it matter whether or not costs are allocated? 2. The City of Seattle reading lists a series of costs and associated cost drivers for allocating these costs. Do you agree with the cost drivers (c

Trailbrazers Managerial Accounting Produced

56. Trailblazers produces two types of hiking boots: the men's boot and the women's boot. The two types of boots are similar except that the women's boots are more stylish. Both types are made using the same machines. It takes 15 minutes if machine time to produce one pair of men's boots, whereas it takes 30 minutes of machine t

Use the 'Management Skill Set Assessment' and comment on the results

See the attached file. Overview The purpose of the Project is to give you the opportunity to explore the applicability of the Module to your own life, work, and place in space and time, and to see how the otherwise academically rigorous presentation of a topic may, with more or less work and/or trauma, become "up close and

Analyze an organization: environment, managerial, operational, financial issues

Using your current work organization (or an organization of interest) as the subject matter, research the elements of business and prepare an APA formatted paper that: Analyzes the organization's basic legal, social, and economic environments Analyzes the organization's managerial, operational, and financial issues includ

Net Change in the Cash Conversion Cycle

Gaston Piston Corp. has annual sales of $50,000,000 and maintains an average inventory level of $15,000,000. The average accounts receivable balance outstanding is $10,000,000. The company makes all purchases on credit and has always paid on the 30th day. The company is now going to take full advantage of trade credit and

Managerial accounting 3: Caltreck Manufacturing, SuperK Company

Use the following information for questions 20-22. Caltreck Manufacturing Inc.'s accounting records reflect the following inventories: Dec. 31, 2005 Dec. 31, 2006 Raw materials inventory $100,000 $ 80,000 Work in process inventory 130,000 145,000 Finished goods inventory 125,000 115,000 During 2006, Caltre

Managerial accounting: 9 multiple choice questions

11. Which of the following represents the correct order in which inventories are reported on a manufacturer's balance sheet? a. Raw materials, work in process, finished goods b. Work in process, finished goods raw materials c. Finished goods, work in process, raw materials d. Work in process, raw materials, finished goods

Questions I am having problems with

1. Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firmâ??s cash conversion cycle. Using the following information and a 365-day year,

Cedarcrest: Fixed- and Variable- Cost Pools

The city of Cedarcrest signed a lease for a photocopy machine at $2,000 per month and $.02 per copy. Operating costs for toner, paper, operator salary, and so on are all variable at $.03 per copy. Departments had projected a need for 50,000 copies a month. The Public Works Department predicted its usage at 18,000 copies a month.

Absorption Costing: Managerial Accounting

Roland Andersson is the manager of the Ekland Division of Ystad Industries. His one of several managers being considered for position of CEO, as the current CEO is retiring in a year. All divisions use standard absorption costing; normal capacity is the basis for application of fixed overhead. Normal capacity in the Ekland Di

Cost Management System Being Applied in Various Scenarios

For each of the decisions listed below, indicate the purpose of the Cost Management System being applied. a. A production manager wants to know the cost of performing a setup for a production run in order to compare it to a target cost established as part of a process improvement program. b. Top management wants to identif

Magma Inc Cost and Revenue Variances: Actual DL Rate

Use the following information to answer Questions 1, 2 and 3 Magma Inc. produces two products, A and B. Relevant budget information for this period for each of these products is presented in the table. Product A Product B

Cost and Revenue Variances for Spiele Inc

Spiele Inc. manufactures and sells various software packages - Games, Business Applications and Creative Suites. Budget and actual information for the period are presented in the table. Budget Actual Sales Units

One of its costs is a mixed cost and has run a regression analysis

Please help me with the assignment below... =================== Nelson Inc. believes one of its costs is a mixed cost and has run a regression analysis which shows the following: SUMMARY OUTPUT Regression Statistics Multiple R 0.963711945 R Square 0.928740713 Adjusted R Square 0.916864165 Standard Error 946.09830

Joint cost problems

Allegheny River Sawmill manufactures two lumber products from a joint milling process. The two products developed are mine support braces (MSB) and unseasoned commercial building lumber (CBL). A standard production run incurs joint costs of $750,000 and results in 60,000 units of MSB and 90,000 units of CBL. Each MSB sells for $

Managerial Decision Making - contingent contracts and negotiations

Can you help me get started with this assignment? Discuss the four ways, outlined in Chapter 9, in which contingent contracts can improve the outcomes of negotiations for both sides. 1. Bets build on differences to create joint value. 2. Bets help manage biases. 3. Bets diagnose disingenuous parties. 4. Bets establi

Important Information about Management Accounting

1) a. Identify the five steps in the lean thinking model. b. Which of these steps do you think is the most challenging for the organization? Explain your reasoning. Give details. 2) Julie Jones was hired by a popular fast food restaurant as an order taker and cashier. Shortly after taking the job, she was shocked to ov

Daniels Corporation Cash Conversion Cycle; Jamson Corporation

Cash concersion cycle Daniels Corporation has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods sold is 80 percent of sales, and it finances working capital with bank loans at 8% rate. What is Danielâ??s Corp cash conversion cycle? If Daniels Corp could


Please see the attached file. The LJB Company must replace a freezer and is trying to decide between the following two alternatives: Freezer A Freezer B Investment Required $29,000 $25,000 Annual electric bill 3,000 4,000 Salvage value 6,000 5,000 Project life 11 years 11 years The LJB Company's cost of capital is 8

Cost of Good Manufactured

Week Two company had these accounts on a jumbled trial balance Finished Good 03/01 40,000 Direct Materials Purchases 5,000 Supervisory and indirect Material 45,000 Sales Revenue 200,000 Finished Goods 03/31