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Management Accounting

Management: Organizational Structure

1- Some scholars argue that organizational structure was in the past, and is today, the primary determinant of behavior in organizations. What is your opinion about this assertion? How the organizational structure can support employees' innovative behavior? 2- The most obvious model introduced by thinking about organizations

Managerial Accounting: Decompose the Price of Zinc

The standard cost sheet calls for 80 pounds of zinc per batch of 70 faucets. Zinc has a standard price of $5.10 per pound. One thousand pounds of zinc are purchased for $5,530. Ten batches of the faucets are produced, and 840 pounds of zinc are used. There was no beginning zinc inventory. All variances are calculated as soon as

Senge: Six Learning Challenges to truly become a learning organization

Senge says organizations have six learning challenges (all of which, of course, hinder their ability to truly become "learning organizations"): (1) Identity with individual jobs. 'I am a secretary'. 'I am a financial aid officer.' 'I am a human resource specialist.' Employees understand their tasks and duties; what the

Management Accounting for Sweditrak Corporation: Proposed ABC system

See the attached file. Sweditrak Corporation manufactures two models of its exercise equipment: regular (REG) and deluxe (DLX). Its plant has two production departments, fabrication (FAB) and assembly (ASM), and two service departments, maintenance (MNT) and quality control (QLC). The parts for each model are manufactured in

Internal Auditor Staff: Importance of Function and Costs

In a latest seminar on internal audit wherein a group of corporate representatives of corporations (privately and publicly held corporations), several issues were raised by the attendees, a number of which are listed below: 1. Establishing an internal audit function/department is not a legal requirement. Consequently, it is a

5 Managerial Accounting Problems

See attached file for clarity. 1. The manager of MN Company give you the following data to prepare the required purchases for the coming three months (January, February and March) Estimated sales for January $ 100,000 Sales increase by 5% for the coming three months Cost of goods sold (CGS) 60% of sales Beginning i

Traditional costing approach

Gayle Enterprises produces computer equipment and programs for heavy equipment manufacturers. One of the most important parts of the company's new just-in-time production process is quality control. Initially, a traditional cost accounting system was used to assign quality control costs to products. All of the costs of the Qua

high-low method -find fixed cost and variable costs of COGS

Calculate the relationship between CGS and sales, operating expenses and sales Use high-low method to find fixed cost and variable costs of CGS and operating expenses. Reconstruct the income statement of the sample companies using variable costing method.

Managerial accounting

18. Under a relevant range of production, the production has a. minimum quantities that cannot exceed b. maximum quantities that cannot exceed c. minimum and maximum quantities that cannot exceed d. no minimum or maximum quantities 24. Hanna Company has the following data Year Operating p

Cost structure of manufacturing companies has shifted: Identify types of costs

See attached file. 1. Over the past few decades, the cost structure of manufacturing companies has shifted. In the early 1900s, direct material costs were substantial while fixed costs represented a small fraction of total manufacturing costs. However, the cost structure has reversed and now fixed costs make up the majority

Kellogg Company Convenience Foods Annual Report

1. (TCO 1/3) Kellogg Company and its subsidiaries are engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods. In its annual report to shareholders, Kellogg disclosed the following: DISPOSITIONS Last year, the Company sold certain assets and liabilities of the Lender's Bagels business to Aurora

Managerial accounting - Incremental Analysis (Rustic Interiors)

(3) Exercise 7-4 / Incremental Analysis Rustic Interiors, an interior design company, has experienced a drop in business due to an increase in interest rates and a corresponding slowdown in remodeling projects. To stimulate business, the company is considering exhibiting at the Middleton Home and Garden Expo. The exhibit will c

P6-6 Allocating Service Department Costs for World Airlines

World Airlines has three service departments: (1) ticketing, (2) baggage handling, and (3) engine maintenance.The service department costs are estimated for separate cost pools formed by department and are allocated to two revenue-producing departments: (1) domestic flights and (2) international flights.World does not differenti

Total Fixed Cost

Barker Company's break-even point is 10,000 units. It's product sells for $25 and has a $10 variable cost per unit. What is the company's total fixed cost amount? a. $ 250,000 b. $100,000 c. $150,000 d. Fixed costs cannot be computed with the information provided

Managerial Accounting: Excess Capacity

Mission Roofing performs roofing services for commercial clients. The company recently submitted a bid of $371,000 to the Shawnee School System, computed as follows: Mission adds a 20% profit margin to all jobs, computed on the basis of total direct cost. In Shawnee's case the profit margin amounted to $50,000 ($250,000

Allocating the Costs of Shared Facilities

Cool Surfboards has two departments that both use a conference room (shared facilities). Total monthly conference room cost is $1,000. The Wave Blaster department has 15 employees that reserved 60 hours of conference room time. The Boogie Break department has 5 employees that reserved 100 hours of conference room time. a

allocating support departments to operating departments

Cool Surfboards has two departments using the services of the Payroll department. Total monthly payroll shared cost is $6,000. The departments allocate payroll costs based on number of employees. The Wave Blaster department has 15 employees and the Boogie Break department has 5 employees. a) What is the amount of payrol

Calculate Car Manufacturing Plant Problem

See the attached file. Calculate Car Manufacturing Plant Problem ? Calculate the overhead allocation rate (i.e. burden rate) for each of the model years 1988 through 1990. 1987 1988 1989 1990 Sales Fuel Tanks 70,278 75,196 79,816 83,535 Manifolds 79,459 84,776 89,323 93,120 Doors 41,845 45,174 47,199 49,887 Muff

Custom Computers: Compute the total cost function and total cost for the month

3-39 Account Analysis Custom Computers is a company started by two engineering students to assemble and market personal computers to faculty and students. The company operates out of the garage of one of the students' homes. From the following costs of a recent month, compute the total cost function and total cost for the mon

Step-Down Cost Analysis

Cost Analysis Problem Problem: The Downtown Clinic is a 50,000 sq. ft., inner-city primary care facility with a total annual budget of $1.7 million. However, it is losing its Federal and State grants, and must become self-sufficient to survive. It must now compete for paying customers with other providers, and must enter

Managerial Accounting Practices/Costing

Write up to 3 paragraphs that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas: Following your interviews, which you passed with flying colors, you were offered a p

Managerial Accounting Review: 5 multiple choice questions

Managerial Accounting Review 1. Joe's Bagel Shop has total costs of $7,000 when 3,500 units are produced and $10,500 when 7,000 units are produced. What is the total fixed cost? A. $7,000 B. $3,500 C. $10,500 D. $0 2. Total costs at the Pisces Fish House were $75,800 when 30,000 units were produced and $95,800 when

Managerial Accounting: Electron Company

1.) Electron Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending inventory for the first quarter will be 35,800 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter 221,000 units; third quarter, 497,000 units; and


ANHEUSER BUSCH AND MANAGERIAL ECONOMICS In 2008, the Board of Directors and shareholders of Anheuser Busch agreed to allow the company to be acquired by a Belgian Brewer (InBev). Prior to the merger, InBev made many pledges to AB regarding how the company would operate after the merger, how its employees would be treated, and

Management vs. Finacial Accounting Mangers' Use of Info

Management vs financial accounting and mangers' use of information: The following statements consider how managers use information. a. Companies must follow GAAP in their ____ systems. b. Financial accounting develops reports for external parties, such as ____and ___ c. When managers compare the company's actual results

Changes in the Cash Conversion Cycle

Scenario: Bello Corp. has annual sales of $50,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The company makes all purchases on credit and has always paid on the 30th day. However, it now plans to take full advantage of trade credit and pay its suppliers on the 40th day. The C

Probelms associated with cost allocation.

Custom metal works received an offer from a big box retailer company to purchase 3000 metal outdoor tables for $200 each, Custom metal works accountants determine that the following costs apply to the tables. Direct material 100 direct labor 45 Manufacturing overhead 70 total 215 Of the $70 of overhead, $14 is variabl