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Management Accounting

Process Costing & Cost Allocation (updated to Excel 2003)

Note - spreadsheet is attached and just needs to be filled in and answers completed from below a. What alternative to sell or process further are available to Mission? b. Compute the product costs for each main product in total and per unit for each alternative presented in requirement A. c. Build your own spreadsh

Relevant cost of materials

Roddey Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to generate additional profits. A potential customer has offered to buy 2,900 units of component GEE. Each unit of GEE requires 3 units of material R39 and 8 units of material I59. Data concerning these tw

Fixed Cost Problem

The following information relates to next year's projected operating results of the JCB Aluminum Division of WILDA Corporation: Contribution margin $1500,000 Fixed expenses $1700,000 Net operating loss $(200,000) If JCB Aluminum Division is dropped, $1,000,000 of the above fixed costs would be eliminated

Cost Allocation For Divisions, Products or Services

I need assistance with a report that allocates common costs to a division, product, or service. I need to: 1) retrieve any report of Best Buy Co., Inc that allocates common costs to a division, product, or service. 2) recast the report with unallocated costs and comment on the usefulness of that revised report. 3) ple

Managerial accounting problems: Premier, Harker, Arvada, Sheffield

16. Premier Company has budgeted the following information for June: If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments and interest is paid monthly at 1% on the first day of the following month. The company had no debt before Jun

Excel Templates to solve managerial accounting problems: Lewis Manufacturing

Instructions for the Microsoft Excel Templates Detail and information on Excel is contained within the manual. Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of several help menus. Type your name into the cell "D5". This will be copied by formula to th

Managerial Accounting

07. Coolidge Company estimates that its production workers will work 125,000 direct labor hours during the upcoming period and that overhead costs will amount to $500,000. What predetermined overhead rate would be used to apply overhead to production during the period? A) $0.25 per direct labor hour B) $4.00 per direct la

Managerial accounting

Accounting 560/561 MANAGERIAL ACCOUNTING I will need help for EXERCICE 5-1; 5-2; 5-3; 5-4; 5-7; AND 5-9 (see attached)

Bauman Company and Annual Variable Operating Costs

See attachment for proper table format. 11-64 Bauman Company, which has a cost of capital of 15%, is thinking of replacing an existing piece of production equipment with new equipment. The following data relate to the analysis: Old Machine New Machine Future Life Exp

Management Accounting for the Far Corporation

Question 1 The management of The Far Corporation wishes to set the selling price on a new product using the absorption costing approach to cost-plus pricing. You are provided with the following estimates for the new product: Per Unit Total Direct materials R31 Direct labor R11 Variable manufacturing overhead

Regression analysis, activity-based costing, choose cost drivers

Where Y is the monthly support overhead (Please see the attached files). 1) Plot the monthly data and the regression lines for each of the following cost function: a. Support overhead costs = a+(b*Machine-hours) b. Support overhead costs = a+(b*Number of batches) Which cost driver for support overhead costs would you cho

Activity based costing; cost analysis for Ontario, Inc.

Ontario, Inc. Manufactures two products, Standard and Enhanced, and applies overhead on the basis of direct-labor hours. Anticipated overhead and direct-labor time for the upcoming accounting period are $800,000 and 25,000 hours, respectively. Information about the company's products follows. Standard: Estimated pro

Managerial Economics: What are at least four characteristics of a good business

1. One of the most important skills to learn in managerial economics is the ability to identify a good business. Discuss at least four characteristics of a good business. 2. Identify and talk about at least four companies that you regard as having the characteristics listed here. 3. Suppose you bought common stock in each

Calculations for Management Accounting

Please see the attached file. A. Determine the length of the inventory conversion period. B. Determine the length of the receivables conversion period. C. Determine the length of the operating cycle. D. Determine the length of the payables deferral period. E. Determine the length of th


Huge Company's tooling business unit (TBU) manufactures metal and carbon-fiber parts for the company's major products. TBU's principal focus in recent years has been to schedule its resources properly, but its manager is concerned that the current method of costing the unit's work is causing other business units to send it work

Wal-Mart: Relevant Cost Drivers and Indirect Costs

Please complete the following: I. Introduction and Overview: a. Provide a brief description of Wal-Mart Stores Inc and its history. b. An overview of the industry and where does Wal-Mart Stores Inc fit within the industry (above or below the industry average, within the industry norm, etc.). Does the Wal-Mart Stores Inc

Variable Cost: How to Calculate Break Even Sales?

3) xyc Manufactures biotech sunglasses. The variable material cost is $4.68 Per unit and variable cost is $2.27 per unit. a. What is the variable cost per unit? b. If fixed cost are $650,000during a year in which total production is $320,000 units, what are the total costs for the year? c. If the selling price is $11.99 p

Equivalent Units and Assigning Costs using Production Cost

Trying to do the following: a. Calculate the cost per equivalent unit for each of the 3 cost items and in total. b. Calculate the cost of items completed in Aug and the cost of ending work in process inventory. c. Reconcile the sum of the 2 costs in part b to the sum of beginning WIP and costs added in Aug Cost info

Calculating the value of a building acquired by Janel Co

Janel Co acquired a building valued at $120,000 for property tax purpose in exchange for$8,000 shares of its 5 par common stock. The stock is selling for $15 per share. At what amount should the building be recorded by Janel Co.?

Cash discount, cash conversion cycle

1) Gouge-M is considering adding a cash discount to its credit terms. If Gouge-M offers 3 / 15 net 30 rather than its current net 30 policy, what annualized rate is the company charging customers who do not take the discount? Assume a 365-day year. a. 7.526 percent b. 37.629 percent c. 70.874 percent d. 75.258

Cost Analysis - Harleq

"That old equipment for producing subassemblies is worn out," said Kari Warner, president of Harleq Corporation. "We need to make a decision quickly." The company is trying to decide whether it should rent new equipment and continue to make its subassemblies internally or whether it should discontinue production of its subassemb

Traditional and Activity Based Costing Methods

Electronic World Co. manufactures two types of radios, Model1 which is their high feature radio and Model2 their standard radio type. Below is the detailed production requirements for both types of radios. Model 1 Model 2 Number of radios 1000 2000 Direct materials $20/unit

Prepare cost reconciliation schedule.

Production costs chargeable to the Finishing Department in July in Murdock Company are materials $9,000, labor $23,800, overhead $18,000. Equivalent units of production are materials 20,000 and conversion costs 19,000. Compute the unit costs for materials and conversion costs. Problem Data for Murdock Company are given i

Managerial Accounting Overhead Over/Under Recovery

Q1. The table contains information provided by a business. actual direct labour hours worked 18 000 actual overhead expenditure $504 000 budgeted direct labour hours 17 000 budgeted overhead expenditure $510 000 What is the amount of the overhead over / under recovery? A $6000 over-recovered B $6000 under-recovered C $30

Depreciation Expense / Cost of new equipment

____ 1. Barone Supply bought equipment at a cost of $48,000 on January 2, 1997. It originally had an estimated life of ten years and a salvage value of $8,000. Barone uses the straight-line depreciation method. On December 31, 2000, Barone decided the useful life likely would end on December 31, 2004, with a salvage value of $4,

Cash Conversion Cycle - Parlow Packing

Please see the attachment. Parlow Packing currently has on its balance sheet: $35,750 in cash $47,000 in accounts receivable $66,000 in inventories $13,000 in accrued liabilities $72,000 in accounts payable The firm's production manager has determined that the cost of goods sold accounts for 80% of the sales revenu