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    Management Accounting

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    Cost analysis in sea transportation

    Please define the cost allocation keys in sea transport business. Think about owning a ship, but are not operating it efficiently and effectively so that your costs are always much more than your revenues. What will be your solution? What if you decide to charter your vessel? Please consider chartering types as well. No

    Cost allocation

    Why is cost allocation such a major issue that multiple accounting methods exist? Why isn't it more straightforward? Explain in detail an approach that you believe is generalizable to numerous contexts. Cost Allocation--From the Simple to the Sublime. Management Accounting Quarterly. Fall 2002. Available online @ http

    An original report in regards to technology management.

    You are the task manager for a large customer service corporation consisting of 1,000 employees. You are responsible for 25 direct reports in your department. You have noticed that over the past year there has been a significant decline in the ability of employees to use and manage the technology of the organization. It is curre

    Cost Drivers at Netflix, Inc

    Netflix Inc., Form 10-K, YE 12/31/2006 Retrieved from http://www.secinfo.com/d14D5a.u19Me.htm This website provides Netflix's annual report for 2006. Specifically, focus on the section entitled, â??Managementâ??s Discussion and Analysis of Financial Condition and Results of Operations.â? Use the information in this repo

    Managerial Economics

    The Telemarketing Louisianan Company generates leads for a major credit card company using over-the-phone solicitations. Each lead generated brings TLC $10 in fees, and these fees are stable given the competitive nature of the telemarketing business. TLC's relies upon independent contractors (sales associates) who work on a comm

    FlexConnex Cost Analysis

    At a meeting to his staff, Tom Richards, director of manufacturing planning, stated that they needed to plan to bring additional capacity for FlexConnex online in about two years. He suggested that they begin by proposing possible alternatives. The staff quickly identified three promising alternatives: 1. The Santa Clara plant

    ACCT #3

    Please see attached file for the problem FIRST CORPORATION IS CONTEMPLATING INTRODUCING A NEW LINE OF WIDGETS. THE WIDGETS WILL SELL FOR $28 EACH. THE VARIABLE COSTS ASSOCIATED WITH EACH WIDGET ARE $22. IF THE WIDGETS ARE TO BE INTRODUCED NATIONWIDE, THE COMPANY WILL HAVE TO OBTAIN ACCEPTABLE PROFIT ON A TEST MARKET BASIS.

    Managerial Accounting: Becton Labs

    Attached you will find the practice exercises (2 pgs). Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity Standard Price o

    Managerial Accounting for Victoria Chocolates, Ltd.

    See attached file for clarity. Victoria Chocolates, Ltd., makes premium handcrafted chocolate confections in London. The owner of the company is setting up a standard cost system and has collected the following data for one of the company's products, the Empire Truffle. This product is made with the finest white chocolate and

    Principles of Management

    Essay Questions 1. Describe the four steps in the control process. Which step is the most important and why do you take that position? Where have you seen this step used improperly, or where could this step, if mishandled, be disastrous. What industry or field? Explain. 2. Discuss the three primary types of controls, the pur

    Recruitment, Selection, and Records Management

    Recently, your company has had issues with missing or unorganized documents in employee files. You have asked your intern to sort through all the employee files and make sure that all documents are in the proper folders. * To assist the intern, construct a guide that lists which documents are to be filed together and whic

    Managerial Accounting for Packaging Solutions Corporation

    See attached file for additional data. Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of

    direct costing, allocation of costs, period cost

    1. The term "cost" means: a. the price paid for a raw material. b. the wage paid to a worker. c. the price charged by an entity for its services. d. all of the above. 2. Direct costing may be used for: a. internal reporting purposes. b. external financial reporting purposes. c. income tax reporting purposes. d

    Annual cost of preference shares

    Preference shares issued: Nominal value per share R 500 Issued at a discount of 4% Dividend rate 13% per annum Tax rate 28% Dividends are paid annually in arrears. What is

    Managerial Economics

    1. Demand Analysis. Aspen, Colorado is engaging in a bumper-sticker advertising campaign. Monthly sales data from ski shops selling the "Don't Worry-Be Happy (in Aspen)" bumper-stickers indicate that: Q = 6,000 - 2,000P where Q is bumper-sticker sales and P is price. A. How many bumper-stickers could Aspen sell at

    Ski Pro Corp Problem: Managerial Accounting using Excel

    Consider the following scenario and provide assistance: The Ski Pro Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cr

    Dell Cost Reductions Analysis

    On May 31, 2007, Dell Inc. announced it was making several changes to the way it did business in order to restore competitiveness to the core business, re-ignite growth, and build solutions critical to customer needs. As one of the changes the company: Initiated a comprehensive review of costs across all processes and organiz

    Cash Conversion Cycle Problem

    Coffee Mill Inc. has calculated its inventory conversion period as 53 days, its accounts receivable collection period as 40 days, and its accounts payable deferral period as 20 days. Coffee Mill's working capital financing needs average $50,000 per day. (a) Calculate Coffee Mill's Cash Conversion Cycle. (b) If Coffee Mi

    Determination of Cost Variances

    Gridiron Merchandising anticipated selling 27,000 units of a major product and paying sales commissions of $6 per unit. Actual sales and sales commissions totaled 27,500 units and $171,400, respectively. If the company used a flexible budget for performance evaluations, Gridiron would report a cost variance of _________?

    Advance Managerial Accounting

    OmniSport Inc is a wholesale distributor supplying a wide range of moderately priced sporting equipment to large chain stores. OminSport has an enviable reputation for quality of its products. In fact, the demand for its products is so great that at times OmniSport cannot satisfy the demand and must delay or refuse some orders,

    Providing 5 Examples of Variable Cost for a Fitness Center

    One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities. For a very low monthly fee ($26, without an annual contract) customers can access a Snap Fitness center 24 hours a day. The Snap Fitness website (www.snapfitness.com) indicates that star

    Control Systems, Economic Value Added, ROI Techniques

    Control systems in nonprofit organizations will never be as highly developed as in profit-seeking organizations.  Do you agree or disagree? Give three reasons why. Define economic value added (EVA) and describe three ways a company can improve its EVA. Is EVA beneficial, if so, why? If not, why not? What is the major be

    Cost Allocations: Theory and Applications

    See the attached file. Allocations for estimating capacity costs (LOI). Color Graphics (CG) specializes in printing glossy magazines. CG currently has orders for four magazines, with each magazine being issued on its own cycle. With the four magazines, CG's capacity is 100% utilized from Thursday through Sunday, every week. The

    allocating joint costs of products

    Joint costs should not be allocated to individual products for decision purposes. For what purposes are such costs allocated to products? Briefly explain each of the two conventional ways of allocating joint costs of products.

    Managerial Accounting-Unit Product Cost Under Absorption Costing

    See the attached file. Tami Tyler opened Tami's Creations, Inc., a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain on Ms. Tyler's personal finances. The following income statement for the first quarter was prepared by a friend wh

    Managerial Accounting (Absorption Costing & Variable Costing)

    Whitman Company has just completed its first year of operations. The company's absorption costing income statement for the year appears below: Please see the attachment for better layout. Whitman Company Income Statement Sales (39,000 units Ã? $44.6 per unit) $1,739,400 Cost of goods sold (39,000 units Ã? $21 p

    Production Cost Variances

    Beta Company produces two products, A and B, each of which uses materials X and Y. The following unit standard costs apply: Product A: Material X = 4 lbs @ $13, Material Y = 1 lb. @ $8.50, Direct Labor = 1/5 hr. @ $14 Product B: Material X =6 lbs @ $13, Material Y = 2 lbs @ $8.50, Direct Labor = 1/3 hr. @ $14 During N