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Management Accounting

Managerial Economics: expected commodity market price, compute output

You are a manager of a firm that sells a "commodity" in market that resembles perfect competition, and your cost function is C(Q) = Q + 1Q^2. Unfortunately due to production lags, you must make your output decision prior to knowing for certain the price that will prevail in the market. You believe that there is a 60 percent ch

Finance: cash conversion cycle, breakeven, required ROR, payback period, NPV

A firm has annual operating outlays of $1,800,000 and a cash conversion cycle of 60 days. If the firm currently pays 12 percent for negotiated financing and reduces its cash conversion cycle to 50 days, what is the annual savings? A firm has interest expense of $145,000, preferred dividends of $25,000, and a tax rate of 40 pe

Total variable manufacturing cost per unit

Please help with the following problem. Belinda Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. production volume 1,000 units 3,000 units Direct materials

Change in Roles from Cost Accountant to Business Process Analyst

Read the following article: "The Cost Accountant is Dead; Long Live the Business Process Analyst". Could you please help me in discussing the change in roles from Cost Accountant to Business Process Analyst? See the following link for the attachment:

Valley Pizza: Cost Analysis of Possible Machine Replacement

I am having difficulty understanding how the owner can come up with $400 as the reason he won't change. Please see attached 1-3 problem and see if you can help me understand why he would or would not need to change ovens. Valley Pizza's owner bought his current pizza oven two years ago for $9,000, and it has one more year of

Managerial accounting: classify costs, compute breakeven, CVP, margin, overhead

I. Classifications Part A: Classifications Determine the classification for each cost item based on 2 different schemes. First, determine cost behavior: whether the cost is variable or fixed (relative to the number of units produced); check the appropriate space. Then, determine whether the cost is a product or a pe

Managerial accounting: E13.6, E13-8, E13-10, E13-12, P13-16, P13.18

Please provide solutions to these questions. E13.6 College carriers manufactures backpacks that are sold to students for use as book bags. Identify a specific item in this company's manufacturing, selling or administrative processes for which the costs would be classified as a. raw materials b. direct labor c. variable

Plan for cost savings

BYP 9-2 Prasad & Green Inc. manufactures ergonomic devices for computer users. Some of their more popular products include glare screens (for computer monitors), keyboard stands with wrist rests, and carousels that allow easy access to magnetic disks. Over the past 5 years, they experienced rapid growth, with sales of all produc

Managerial Account 41-50

I am currently using Introduction to Managerial Accounting 8th edition Brewer, Garrison, Noreen. I ask you to please check and justify the answers. Just for practice. Thanks! 41. The budgeted amount of raw materials to be purchased is determined by _____. a. adding the desired ending inventory of raw materials to the

Cost Allocation from Administration to Assembly

Yamane Corporation, a manufacturer, uses the step-down method to allocate service department costs to operating departments. The company has two service departments, Administration and Facilities, and two operating departments, Assembly and Finishing. Data concerning those departments follow: Service Department

Moureaux: Calculate the Cost Per Equivalent Unit

Moureaux Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory: 400 Materials costs: $8,100 Conversion costs: $9,700 Percent complete wi

Calculating the Total Cost Transferred

Question: Buklin Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,200 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs:.......$17,500....

Rangan Corporation Conversion cost 4-8

Question 8: Rangan Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 1

Fuchs Corporation Cost of work in process

Fuchs Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $4,200 60% Convers

Rapid Repair Services: management accounting problems

Please see attached file. 1) 11: 3 Standard costs facilitate management planning. What are the other advantages of standard costs? 2) 11:5 Distinguish between an ideal standard and a normal standard. 3) 8: 4 Stine Corporation produces a filter that has a per unit cost of $17. The company would like a 30% markup.

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

Activity Cost Pools for Otto Dieffenbach & Sons, Inc

Otto Dieffenbach & Sons, Inc. is a small manufacturing company in La Jolla that uses activity-based costing. Dieffenbach & Sons accumulates overhead in the following activity cost pools. 1. Hiring personnel. 2. Managing parts inventory. 3. Purchasing. 4. Testing prototypes. 5. Designing products. 6. Setting up equipm

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