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    Management Accounting

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    Cash Conversion Cycles: Sears & JC Penney

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

    Deterrmining Break-Even Sales Volume and Dollars

    Hollis Company sells a single product for $20 per unit. The company's fixed expenses total $240,000 per year, and variable expenses are $12 per unit of product. The company's break-even point is: 1. 12,000 units 2. 20,000 units 3. $600,000 4. $400,000 Need this real soon. Thank you.

    Managerial Accounting

    A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses, etc. (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square feet of the manufacturing warehouse and the bicycle busines

    Reductions in the Cash Conversion Cycle (CCC)

    Foster Inc. carries an average inventory of $1,000,000. Its annual sales are $10 million, and its receivables conversion period is twice as long as its inventory conversion period. The firm buys on terms of net 30 days, and it pays on time. Its new CFO wants to decrease the cash conversion cycle by 10 days, based on a 365-day

    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 (http://www.biolea.gr). Evian at http://www.evian.com). Ircon International Limited (http://www.irconinternational.com). 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 ------------------

    Opportunity Costs: Defintion and its Application

    Define opportunity cost and explain why it an important factor to consider in financial analysis. Cite an example in which it is not possible to measure exactly the opportunity cost of an alternative. Is it possible to measure exactly the opportunity cost of an alternative in most situations?

    JIT manufacturing and cost savings

    Bogden Company introduced JIT manufacturing last year and has prepared the following data to assess the benefits from the change. CATEGORY BEFORE THE CHANGE AFTER THE CHANGE production cycle time 68 days 30 days inventories $160,000 $4

    Material price,usage and cost variances

    Direct Material Variances-solving for price and usage variances. Fiberworks Company is a manufacturer of fiberglass toy boats. The company has recently implemented a standard cost system to isolate variances as soon as possible. During the month of August, the following results were reported for the production of 50,000 toy boa

    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

    Find original cost

    Jill Norris is presently leasing a small business computer from Stark Office Equipment Company. The lease requires 10 annual payments of $2,500 at the end of each year and provides the lessor (Stark) with an 8% return on its investment. Assuming the computer has a ten-year life and will have no salvage value at the expiratio

    Managerial Accounting Standard Costs

    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

    Managerial Economics for Remox Corporation

    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

    Balance Sheet Information for Lextra Office Supplies

    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:

    Woods and Waters Financial and Managerial Analysis

    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

    Finding the Acceptable Manufacturing Cost

    Direct material = $25 Direct labor = $30 Manufacturing overhead = $45 ------------------------------- Total Cost = $100 Muck Duck Company wants to sell All-Body swimsuit. Market study showed that it could sell for $110/each. What is the highest acceptable manufacturing cost Muck Duck would be willing to incur to produc

    Managerial Accounting

    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

    Cost Classification: Variable vs. Fixed

    Please see ** ATTACHED ** file(s) for complete details!! Costs Product Period Variable Fixed Direct Indirect Raw materials Staples used to secure packed boxes of product Plant janitors' wages Order processing clerks' wages Advertising expenses Production workers' wages Production supe

    Cash Conversion Cycle in Sharam Industries

    Sharam Industries has a 120-day operating cycle. If its average age of inventory is 50 days, how long is its average collection period? If its average payment period is 30 days, what is its cash conversion cycle? Place all this information on a time line.

    Reconstructing Standard-Cost Information For Partial Data

    Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Hint: It is helpful to solve for t

    Comprehensive Standard Cost Variances

    "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