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Management Accounting

Contribution margin

I need to determine what is the contribution margin of Managerial Accounting and what is the difference between the contribution approach to the income statement and the traditional approach to the income statement?

Managerial accounting/absorption cost

Managerial accounting Absorption and Variable Costing; Production Constant, sales fluctuate: Sandi Scott obtained a patent on a small electronic device and organized Scott Products, Inc. in order to produce and sell the device. During the first month of operations, the device was very well received on the market, so Ms.

Managerial Accounting

Black Company's sales are 600,000, its fixed expenses are 150,000, and its variable expenses are 60% of sales. Based on this information, the margin of safety is: 90,000 225,000 190,000 240,000

Managerial Accounting

Carsten Wedding Fantasy Company makes very elaborate wedding cakes to order. The owner of the company has provided the following data concerning the activity rates in its activity-based costing system: Activity Cost Pools Activity Rate Size-related 0.75 per guest Complexity-related 33.44 per tier Order-related 8

Managerial Accounting

During March, the cost of goods manufactured was 66,000. The beginning finished goods inventory was 9,000 and the ending finished goods inventory was 18,000. What was the cost of goods sold for the month? 66,000 75,000 57,000 93,000

Managerial Accounting

Eakle Company's quality cost report is to be based on the following data: Supervision of testing and inspection activities 29,000 Warranty repairs and replacements 11,000 Net cost of scrap 55,000 Test and inspection of incoming materials 25,000 Technical support provided to suppliers 67,000 Disposal

Managerial Accounting: What is the cost allocation for Esmail Company?

Esmail Company is a wholesale distributor that uses activity-based costing for all of its overhead costs. The company has provided the following data concerning its annual overhead costs and its activity based costing system: Overhead costs: Wages and salaries 370,000 Other expenses 230,000 Total 600,000

Managerial Accounting: predetermined overhead rate

Caber Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of 60,600. Actual manufacturing overhead for the year amounted to 59,000 and actual machine-hours were 5,900. The company's predet

Managerial Accounting - High low method

Shipping costs at Columbia Mining Company are a mixture of variable and fixed components The company shipped 7,000 tons of coal for 352,500 in shipping costs in February and 9,000 tons for 451,500 in March Assuming that this activity is within the relevant range, expected shipping costs for 10,000 tons would be: 501,000

Managerial Accounting

Process Reengineering includes all of the following steps except: constructing a diagram flowcharting the current process. elimination of non-value-added activities. redesigning the process. elimination of all constraints

Managerial Accounting

Gamma Company has sales of 132,611, a contribution margin of 35,175.4, and a net operating income of 8,476. The company's degree of operating leverage is: 4.15 3.52 3.77 15.65

Managerial Accounting

Inspection of products would be classified as a(n): appraisal cost. prevention cost. internal failure cost. external failure cost

Average cost of products

Please help answer the following problems. Provide step by step calculations. Ravelo Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly 498,520 44,000 machine-hours Processing orders 54,263 1,100 orders Inspection 77,589 1

Managerial Accounting

A 2.00 increase in a product's variable expense per unit accompanied by a 2.00 increase in its selling price per unit will: decrease the contribution margin. have no effect on the contribution margin ratio. have no effect on the break-even volume. decrease the degree of operating leverage.

Managerial Accounting

Farmington Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. Production volume 7,000 units 9,000 units Direct materials 223,300 287,100 Direct labor 129,500 166,500 Manufacturing overhead 924,800 961,400 The bes

First-stage allocation to the order size activity cost pool

Dimaio Company uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Manufacturing overhead 580,000 Selling and administrative expenses 240,000 Total 820,000 Distribution of res

Managerial Accounting

When a company implements activity-based costing system, manufacturing overhead cost is often shifted from low volume products to high volume products, with a higher unit cost resulting for the high volume products. True False

Managerial Accounting

Grisim Catering uses activity-based costing for its overhead costs. The company has provided the following data concerning the activity rates in its activity-based costing system: Preparing Arranging Activity Cost Pools Meals Functions Wages 0.75 175.00 Supplies 0.50 280.00 Other expenses 0.35 130.00

Managerial Accounting - Activity Rate

Laguna Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries 260,000 Depreciation 100,000 Rent 180,000 Total 540,000 The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming

Managerial Accounting

In activity-based costing, all manufacturing costs must be included in product costs. True False

Managerial Accounting

Njombe Corporation manufactures a variety of products. In the past, Njombe has been using a traditional costing system in which the predetermined overhead rate was 150% of direct labor cost. Selling prices had been set by multiplying total product cost by 200%. Sensing that this system was distorting costs and selling prices, Nj

Managerial Accounting

Company X sold 25,000 units of product last year. The contribution margin per unit was 2, and fixed expenses totaled 40,000 for the year. This year fixed expenses are expected to increase to 45,000, but the contribution margin per unit will remain unchanged at 2. How many units must be sold this year to earn the same net operati

Managerial Accounting

A company that makes organic fertilizer has supplied the following data: Bags produced and sold 240,000 Sales revenue 1,896,000 Variable manufacturing expense 804,000 Fixed manufacturing expense 520,000 Variable selling and administrative expense 180,000 Fixed selling and administrative expense 270,000

Indicate the cost category to which the item belongs.

Please look this over and let me know what you think. The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor, (c) manufacturing overhead, and (d) period costs. Instructions List the items (1) through (10). For each item, indicate the cost category t

Accounting Managerial

The management of Casablanca Manufacturing Corporation believes that machine-hours is an appropriate measure of activity for overhead cost Shown below are machine-hours and total overhead costs for the past six months: Machine- Overhead Hours Cost Jan 150,000 339,000 Feb 140,000 328,000 Mar 160,000 350,0

Accounting Managerial

If the activity level increases, then one would expect the variable cost per unit to increase as well. True False

Accounting Managerial

Calculation of fixed costs on a per unit basis is critical for internal reporting to managers. True False

The Cost Per Equivalent Unit

Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs 10,600 65% Conversio

Basic Acct Questions

Here are account balances as of December 31, 2003: Cash - $12,000 Accounts Payable - $24,000 Accounts Receivable - $50,000 Salary Payable - $5,000 Trust Account - $40,000 Insurance - $1,000.00 Inventory - $10,000 Accumulated Depreciation - $4,200 Depreciation Exp - $4,800 Notes Payable - $5,000 Retained Earnings - $