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Management Accounting

Process Costing and Managerial Accounting

Timberline Associates uses the weighted-average method in its process costing system. The following data are for the first processing department for a recent month: Work in process, beginning: Units in process 2,400 Percent complete with respect to materials 75% Percent complete with respect to conversion 50% C

Managerial Accounting

Attached is a problem I need help with. Dotsero Technology, Inc., has a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The predetermined overhead rate in Department A is based on machine-hours, and the rate in Department B is based on direct

Managerial Accounting

Attached is a problem I need help with. Part A In December, Vollick Corporation had sales of $245,000, selling expenses of $23,000, and administrative expenses of $26,000. The cost of goods manufactured was $190,000. The beginning balance in the finished goods inventory account was $59,000 and the ending balance was $56,

Budgeting (Managerial Accounting)

The Coat Division of Jones Fashions Manufactures a winter coat with the following standard costs: Direct Material $40 Direct Labour $60 Overhead $30 Total Unit Cost $130 The standard direct labour rate is $30 per hour, and overhead is assigned at 50% of the direct labour rate. normal direct labour hours

Cash Conversion Cycle

I found this posting from the solution libray: Cash conversion cycle= Inventory conversion period + Receivables conversion period - Payables deferred period = 120000/(600000/365) + 160000/(600000/365) -25000/(600000/365) =155 days=Answer 1. What does the CCC value mean? 2. Is this an adequate cash conversion cycle? 3.

Melville Company Unit Cost Problem for product Pong.

The Melville Company produces a single product called a pong. Melville has the capacity to produce 60,000 pongs each year. If Melville produces at capacity, the per unit cost to produce and sell one pong as follows: Direct Materials $15 Direct Labor $12 Variable Manufacturing Overh

Management Accounting (decision making)

I am looking to try and understand the decision making process regarding the example below. I am hoping that based on my values I can make a better suggestion to management. Estimated Activity Overhead Cost pool Costs Product C Product D Total Machine set-up $13,630 130 160

Managerial Accounting is an internet company that sells books on the World Wide Web. The president of the company authorized an activity-based costing study to understand the cost of various activities that are driving overhead at Selected activites include: - website maintenance - costs do not vary as a function of

Managerial Accounting

Mallory Corporation produces two products: A and B. The company's expected factory overhead costs for the coming year are as follows: Overhead Category Estimated Costs Utilities $300,000 Indirect Materials 150,000 Indirect Labor 50,000 De

Clean Machine target profit; how many car washes

John is president of Clean Machines, a new car washing service that makes house calls. John has decided that his goal for the coming year is to earn a profit of $40,000. Clean Machines reported the following sales and cost information for the year just ended: Sales revenue $60,000 Less all variable 20,000

Managerial Accounting

Randazzo may produce 80,000 components per year for various vehicles and 5,000 per year for the corvette. Selling prices vary greatly across the product line as a result of market supply and demand. The machine shop is automated. By changing cutting tools and entering different measurements into the system a variety or produc

The Components of the Cost of Sales

Please help with the following problem. Provide at least 300 words and include a reference. Describe the components of the Cost of Sales (aka, Cost of Goods Sold) section of the income statement. In addition, include an example from the annual report of a publicly traded company.

Management Policy and strategy: Facebook

I need help in preparing a case analysis for "Facebook Faces Up." Prepare a case analysis of Case 3, "Facebook Faces Up." (PDF) Closely follow the guidelines in "Writing a Case Analysis" provided. The case analysis should be two to three pages long, double spaced. Check for correct spelling, grammar, punctuation, m

Cost Drivers and Activity Costs

A VCR manufacturer has the following costs budgeted in January. Raw material and components $2,950,000 Insurance, Plant 600,000 Electricity, machinery 120,000 Electricity, lights 60,000 Engineering design

Managerial Accounting - Profit Planning

1. Jordan Company expects to begin operations on January 1, 2009; it will operate as a specialty sales company that sells laser pointers over the Internet. Jordan expects sales in January 2009 to total $120,000 and to increase 10 percent per month in February and March. All sales are on account. Jordan expects to collect 70 perc

Applying Cost Classifications

For each of the following costs, identify whether the item is a variable or fixed cost, direct or indirect cost, and controllable or uncontrollable cost. (For example: Plant Utilities would be a variable, indirect, and controllable cost.) Not all items will fit into each category. Label items that do not fit a categories as not

Budgeting, cost benefit analysis

Here are some of MNO Company's annual costs relating to quality: * Inspection at the end of the production process: $20,000 * Scrap from the production process: $18,000 * Design work for product improvement: $24,000 * Total costs related to customer complaints: $40,000 * Employee training: $12,000

Motivational input

Relate employee motivation and managerial attitudes and behaviors to employee attitudes and job satisfaction in your organization.

Managerial Accounting

See attached file. Lavvy Candy Corporation manufactures giant gourmet suckers. The cost standards developed by Lavvy appear below. Manufacturing overhead at Lavvy is applied to production on the basis of standard direct labor-hours: Standard quantity per sucker Standard cost per ounce or hour Standard cos

Cash Conversion Cycles: Sears & JC Penney

Refer to the Financial Statements for Sears (SHLD) and JC Penney's(JCP) on Calculate each company's Cash Conversion Cycle for the two most recent years. Discuss what these metrics tell you about the companies' performance.

Fixed cost and variable cost for companies

The websites of selected companies appear below. Review the information about the operations of each of the companies that is provided on these websites. Biolea ( Evian at Ircon International Limited ( Gulf Craft Inc. (http://www.gul

Apply over head cost for managerial accounting

Online Homework System Assignment Worksheet 5/3/09 - 4:30 PM Name: ____________________________ Class: ACC 560 - Managerial Accounting - Spring 2009 - Section 16016 Class #: ____________________________ Section #: ____________________________ Instructor: Kara Mahon Assignment: Chapter 3 ------------------

Relevant Cost Analysis in a Variety of Situations

Antoine Company has a single product called Zero. The company normally produces and sells 80,000 Zero's each year at a selling price of $40 per unit. The company's unit cost at this level of activity is given below: Direct materials $9.50 Direct Labor 10.00 Variable manufacturing Overhead 2.80 Fixed manufactu

Dropping or Retaining a Tour

Pacific Tour operates tours throughout the US. Studies show that the tours are not profitable, and are considering dropping the tours to improve the company operating performance. Below is an income statement from a tour below: Ticket revenue 3,000 100% (100% seat capacity*40% occupancy* $75 ticket price per person) V

Special Order : explained

Attached Problem. 4. Vaden Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 50,000 units per month is as follows: Direct materials $32.50 Direct labor 7.20 Variable manufacturing overhead 1.30 Fixed manuf