I really need help solving these problems. 1.) Poorly trained workers could have an unfavorable effect on which of the following variances? Labor Rate Variance Materials Quantity Variance a.) Yes
4. Remox Corporation is a British firm that sells high-fashion sportswear in the United States. Congress is currently considering the imposition of a protective tariff on imported textiles. Remox is considering the possibility of moving 50 percent of its production to the United States to avoid the tariff. This would be accom
The questions are requires that all supporting figures are prepared using a spreadsheet and the Formula spreadsheet in all instances where you have used the spreadsheet package. Part A - Lextra Office Supplies The following information is provided for Lextra Office Supplies: a. Balance sheet information as of 30 June, 2008:
Please see attached spreadsheet for data. The Woods and Waters Company has two operating divisions, the Service Division and the Irrigation Division. The company evaluates the performance of its divisions using the Return on Investment (RoI) measure. The following information pertains to the two divisions as of the end of t
1. The type of costing that provides the best information for breakeven analysis is: 2. Gyro Gear Company produces a single product, a special gear used in automatic transmissions. Each gear sells for $28, and the company sells 500,000 gears each year. Unit cost data are presented below: Variable Fixed Direct mate
The following monthly data in contribution format are available for Rhys Company and its only product, Product SD: Total Per Unit Sales $ 83,700
"It certainly is nice to see small variance on the income statement after all the trouble we've had lately in controlling manufacturing costs," said Sarah Jones, VP Shore INC." The $12,250 overall manufacturing variance reported last period is well below the 3% limit we have set for variances. We need to congratulate everybody o
Resource and Activity-Based Cost Drivers EyeGuard Equipment Inc (EEI) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications. The firms has two main product lines?the highest-quality product is called Safe-T, and a
1)If fixed costs suddenly increase, how will that change the graph of fixed costs if activity, units or volume is on the x-axis and dollars are on the y-axis? 2)Indicate whether the following statement is true or false, then support your view. If we graphed fixed costs per unit, it would appear as a straight, horizontal li
James Co. has two divisions,A and B,each operate as a profit center.A charges B $35 per unit for each unit transferred to B. Other data for A are below: Variable cost per unit $30 Fixed costs $10,000 Annual sales to B 5,000 units Annual sales to outsiders
1. The divisional structure enables firms to pursue complex corporate diversification strategies by delegating different management responsibilities to different individuals and groups within a firm. Will there come a time when a firm becomes too large and too complex to be managed even through a divisional structure? In other w
a. Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester following the instruction in my post in Materials. b. Use Excel's "scatter plot" graphing func
1. A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used Goods in Process Inventory Beginning Balance. 100,800 D.M. ? D.L. ? O.H. ? F.G. ? End Balance 131,040 Factory Overhead 93,24
7-B1 Prepare Master Budget GP 4 Victoria Kite Company, a small Melbourne firm that sells kites on the Web, wants a master budget for the three months beginning January 1, 2008. It desires an ending minimum cash balance of $5,000 each month. Sales are forecasted at an average wholesale selling price of $8 per kite. Merchan
What are some of the advantages/disadvantages of using equity versus using debt to capitalize a firm and how would you decide the appropriate debt to equity mix for a specific firm?
Part 7: The Perry Company Perry Company. has the following information for November: Beginning Work in Process Inventory (70% complete as to conversion) 6,000 units Started 24,000 units Ending Work in Process Inventory (10% complete as to conversion) 8,500 units Beginning WIP Inventory Costs: Material $23,400
The invoice of a machine is $40,000. Various other costs relating to the acquistion and installation of the machine including transportation, electrical wiring, special base, and so on amount to $7,500. The machine has an estimated life of 10 yrs, with no residual value at the end of that period. The owner of the business su
MA_U10_12-17: please see the attachment for the problems. 12. One of the following will not be found on the balance sheet of a manufacturing company: _______. cost of goods sold materials work in process finished goods 13. What is the purpose of the Statement of Cost of Goods Manufa
Please see attached two problems on the first tab of the Excel spreadsheet, and the third problem on the second tab of the Excel spreadsheet.
Lim Clothing Company manufactures its own designed and labeled sports attire and sells its products through catalog sales and retail outlets. While Lim has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling cos
1. The Euro Company sells two kinds of luggage. The company projected the following cost information for the two products: The company's total fixed costs are expected to be $280,000. Based this information, what is the combined number of units of the two products that would be required to breakeven (round your answer to th
Capacity costs K's Cornerspot, a popular university eatery in a competitive market, has seating & staff capacity to serve about 600 lunch customers every day. For the past 2 months, demand has fallen from its previous near-capacity level. Concerned about his declining profit, K decided to take a closer look at its costs. He c
Exercise 10-1 Setting Standards; Preparing a Standard Cost Card [LO1] Svenska Pharmicia, a Swedish pharmaceutical company, makes an anticoagulant drug. The main ingredient in the drug is a raw material called Alpha SR40. Information concerning the purchase and use of Alpha SR40 follows: Purchase of Alpha SR40: The raw
How do job costing, operations costing and process costing differ? Provide two typical examples of products or organizations for each system.
4. Which of the following is not a prime cost? a) Supervisor's wages b) Direct labor wages c) Machine operator wages d) Assembly line wages 5. What is the purpose of the Statement of Cost of Goods Manufactured? a) to determine the ending materials inventory b) to d
A company has two divisions, the Selling Division and the Buying Division. The Selling Division manufactures an intermediate product and then "sells" them to the Buying Division, which completes the product and sells the final product to retailers. The market price for the Buying Division to purchase one unit of the intermediate
A company currently operates two stores, Uptown and Midtown: Last year's results Uptown Midtown Sales revenues $300,000 $400,000 Variable costs (120,000) (140,000) Contribution margin $180,000 $260,000 Store related fixed costs (100,000) (100,000) Allocated common fixed costs (90,0
Cintas Company produces a line of cleaning products for both industrial and household use. While most of the company's products are processed independently, a few are related, such as Pearl and Satin Polish. Pearl is an abrasive cleaner used in industrial application. It costs $1.60 per pound to produce and sells for $2.40
1. The management of Giammarino Corporation is considering introducing a new product--a compact barbecue. At a selling price of $78 per unit, management projects sales of 10,000 units. Launching the barbecue as a new product would require an investment of $100,000. The desired return on investment is 11%. The target cost per bar
In order to properly report segment margin as a guide to long-run segment profitability and performance, fixed costs must be separated into two broad categories.
1. In order to properly report segment margin as a guide to long-run segment profitability and performance, fixed costs must be separated into two broad categories. One category is common fixed costs. What is the other category? a. discretionary fixed costs b. committed fixed costs c. traceable fixe