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    Management Accounting

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    Relevant cost of material

    A company is preparing a bid that requires 757 lbs of material. They have 602 lbs in stock that originally cost 8.03/lb. Resale value of existing stock is 7.41/lb, New stock can be purchased at 8.17/lb. What is relevant cost of material in deciding how much to bid on special order?

    Budgets in Managerial Accounting: Matthew Gabon

    Budgets in Managerial Accounting: Matthew Gabon, the sales manager of Office Furniture Solutions, prepared the following budget for 2008: Salaries (fixed) $500,000 Commissions (variable) 180,000 Advertising (fixed) 100,000 Charge for office space

    Estimate of the Variable and Fixed Cost

    --Attached Big Ed Corporation produces and sells a single product. Data regarding that product are as follows: Per Unit Percent of Sales Selling price...........................$200 100% Variable expenses..................$40 25% Contribution Margin.............$160 75% 1. Big Ed is currently selling 8,000 uni

    A company's operating process

    Copia Electronics makes speaker systems. Its customers range from new hotels and restaurants that need specifically designed sound systems to nationwide retail outlets that order large quantities of similar products. The following activities are part of the company's operating process: New retail product design Purchasin

    Computation of Product Unit Cost

    Style Corporation manufactures specialty lines of women's apparel. During February, the company worked on three special orders: A-25, A-27, and B-14. Cost and production data for each order are as follows: A-25 A-27 B-14 Direct Materials Fabric Q $10,800 $12,980 $17,660 Fabric Z $11,400 $

    Product cost system

    Assuming I own a wedding invitation printing company. I would need information to budget next years activities. Which costs are likely to be available in the company's product costing system? 1. Cost of paper and envelopes 2. Printing machine setup costs 3. Depreciation of printing machinery 4. Advertising costs 5. Repair

    Product Unit Cost

    Customer: Brian Patcher Batch _____ Custom: X Specifications: 6 Custom computer systems Date of Order: 4/4/xx Date of completion: 6/8/xx Costs Charged to Job Previous Months Current Month Cost Summary Direct materials $3,540 $2,820 $______ Direct Labor $2,340 $1,620 _______ Ov

    Elements of Manufacturing Cost

    Group the costs of manufacturing candles. Indicate whether each of the following items should be classified as direct materials (DM), direct labor (DL), overhead (O), or none of these (N). Also indicate whether each is a prime cost (PC), a conversation cost (CC), or neither (N). 1. Depreciation of the cost of vats to hold mel

    Managerial Accounting: GHI Company makes light-weight canoes

    GHI Company makes light-weight canoes for campers. The president, George Ingalls, enlists your help in predicting the effects of some changes he is contemplating. He gives you the following information: Unit variable costs of each canoe: Direct materials $ 90 Direct labor 100 Variable factory overhead 20 Variable sellin

    10 MC Managerial accounting: markup, discounts, selling price, cost

    1.Markup is: a.selling price + cost b.selling price divided by cost c.selling price cost d.selling price (1 + cost) e.None of these 2.Black and Decker Manufacturing sold a set of saws to True Value Hardware. The list price was $3,800. Black and Decker offered a chain discount of 8/3/1. Th

    Joint cost allocation and Net Realizable Value

    A single production process converts a single raw material into 5,000 kg of joint product A and 5,000 kg of joint product B at a total cost of $100,000. After the split-off point $10,000 is spent on A to convert it into C and $20,000 is spent on B to convert it into D. C and D are both sold for $15 per kg. Joint costs are alloca

    Managerial Accounting Problems Computed

    PROBLEM 2-25 Working with Incomplete Data from the Income Statement and Schedule of Cost of Goods Manufactured [ LO4 , LO5 ] Supply the missing data in the following cases. Each case is independent of the others. Replace each "?" with the correct answer in red text. 1 2 3 4 Schedule of Cost of Goods Manufactured Direc

    Managerial Acctg(2)

    Please help with the attached assignments. Thank you. 2-9. Recording Labor Cost in Job-Order Costing Johnson Products had the following labor time tickets for the month of February: Required a. Calculate the amount of direct labor cost assigned to each job. b. Summarize the labor time tickets and prepare a journal e

    Cost of equity

    A firm has a debt-to-equity ratio of 1.20. If it had no debt, its cost of equity would be 15%. Its cost of debt is 10%. What is its cost of equity if there are no taxes or other imperfections? a. 10% b. 15% c. 18% d. 21% e. none of the above

    Relevant Cost Information

    Overbey Construction Company is a building contractor specializing in small commercial buildings. The company has the opportunity to accept one of two jobs; it cannot accept both because they must be performed at the same time and Overbey does not have the necessary labor force for both jobs. Indeed, it will be necessary to hire

    Manufacturing Indirect costs. Objective of allocating indirect costs

    Please help with answer the following questions. 1. What is direct cost? What criteria are used to determine whether a cost is a direct cost? To calculate the total cost of the production department or to calculate each product's total cost, it is necessary to allocate some of the rent (and other indirect costs) to the d

    Cost allocation in a service industry - Jarmon Airlines & Never-Fail, Inc.

    Jarmon Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion dollar company started by Peter Never immediately after he failed to finish his first accounting course. The company's motto is "We Never-Fail to Deliver Your Package on

    Cost Accumulation and allocation: Maller Manufacturing Company

    Maller Manufacturing Company makes two different products, M and N. The company's two departments are named after the products; for example, Product M is made in Department M. Maller's accountant has identified the following annual costs associated with these two products. ** (See attachment) ** Required: 1. Identify the

    Contribution margin and break even in units

    Claire's Antiques has fixed cost of $75,000 per month. Each antique has the following identifiable sales price, variable material costs, and fixed monthly costs, respectively. Sales Price Variable Material Costs Fixed Monthly Costs Clocks $700 $320 20% Dinette Sets $3,700 $1,280 35% Bedroom Suites $6,500 $1,840 45%

    Identify a recent decision, relevant & non-relevant costs

    Identify a decision that has recently been made or will be made in the near future within the Coca Cola Company. Identify two relevant and two non-relevant costs in this decision. Support your answers using CM calculations. If you cannot identify specific actual amounts, make a reasonable estimate and apply the tool as if

    Cash Conversion Cycle in Given Scenario of Zocoo Corp.

    See the attached file. The Zocco Corporation has an inventory conversion period of 79 days, a receivables collection period of 47 days, and a payables deferral period of 35 days. Assume 365 days in year for your calculations. a. What is the length of the firm's cash conversion cycle? b. If Zocco's annual sales are $3,25

    Cash Conversion Cycle: Example Problem

    Westley Company's average age of accounts receivable is 90 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of its cash conversion cycle?

    Managerial Accounting, part 5. MC questions X 25.

    See attached file. Ref: Fundamental Managerial Accounting Concepts. Fifth Edition. EDMONDS 25 Multiple Choice Questions. 1. During the year Leyland Company completed 1,300 units of product. Ending inventory consisted of 400 units that were 50% complete. The total dollar cost associated with production of inventory was $

    Calculate the Best Estimate of the Total Variable Cost per Unit

    Passage to Question 1: Sentry Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $84.40 per unit. Sales Volume (units).....................................................5,000 6,000 Cost of Sale

    Breakeven point, what-if analysis - Air Peanut Company

    Air Peanut Company manufactures and sells roasted peanuts packets to commercial airlines. Following are the price and cost data per 100 packets of peanuts: Estimated annual sales volume = 11,535,700 packets Selling price $35.00 Variable costs: Raw materials

    What-if-analysis - Tenneco Inc.

    Tenneco, Inc., produces three models of tennis rackets: standard, deluxe, and pro. Following are the sales and cost information for 2006: Item Standard Deluxe Pro Sales (in units) 100,000 50,000 50,000 Sales pr