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Management Accounting

Managerial Analysis

Please review my computations. I'm not sure about my answer for part A and I need help with part E. Thank you, I appreciate your help. Mo Vaughn and Associates is a medium-sized company located near a large metropoliatan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in e

Case: A company has two major businesses that it operates...

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 bus

Which cost item is fixed and variable and why?

Cost can be classified into two categories, fixed and variable cost. These costs behave differently based on the level of sales volumes. Suppose we are running a restaurant and have identified certain costs along with the number of annual units sold of 1000. ITEM: Raw Materials (cost for hamburgers) TOTAL ANNUAL COST: 6

Relevant Cost - replacement decision

Please see ** ATTACHED ** file(s) for complete details!! This is a question from my Management Accounting class homework. It has to do with relevant costs - in this case if there needs to be a replacement of machinery. Here is the question: Two machines: Category Old Machine New Machine Acq

Management Accounting

Pls. read the attached file (The Minnetonka Corporation) and answer the following questions (The answers without considering the specific steps are also attached as "incomplete answers"): * Pls. note that the "incomplete answers" are correct answers. I need more detailed answers following the steps. Thank you. 1. Should the

Cost drivers and activity-based costing

Andrea Boss, Inc. manufactures five models of kitchen appliances at its Vista plant. The company is installing activity-based costing and has identified the following activities performed at its Vista plant. 1. Designing new models. 2. Purchasing raw materials and parts. 3. Receiving and inspecting raw materials and par

Accouting (Cost Reallocation)

To get a better understanding of cost reallocation.... Cost Reallocation The following link describes an organization's approach to inservice cost allocation: EXISTING CVP PLANT-IN-SERVICE COST ALLOCATION . ( Required: You are required to rea

Managerial Accounting

Exercise 8E-6 E8-6 The following information was taken from the annual manufacturing overhead cost budget of SooTech Company. Variable manufacturing overhead costs $33,000 Fixed manufacturing overhead costs 19,800 Normal production level in hours

Managerial Accounting

P8-4A Calpine Manufacturing Company uses a standard cost accounting system. In 2002, 32,000 units were produced. Each unit took several pounds of direct materials and 1¼ standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct labor hours. During the year, 133,000 pounds of raw m

Managerial Accounting Review (50 MC Questions)

See the attached file for the full list of questions. Please select the correct choice for each one ... Use the following to answer question 1: Marger, Inc., provided the following data for two recent months: (see attachment) 1. Which of the following classifications best describes the behavior of Cost T? A) Variab

Management Accounting

The job "accountant" can mean many different things, depending on the organization, its structure, and expectations for the accounting function. For example, there are management accountants and financial accountants. Answer the following questions: 1. Why do these two groups exist? 2. What are thier responsibilities? Write

Managerial Accounting: Break-even

Data related to the expected sales of Sports, Inc. Product Unit Selling Price Variable Cost Sales Mix Golf balls $24.00 $15.50 36% Tennis balls $6.50 $3.00 24% Baseballs $8.00

Managerial Accounting

At the end of the year, a company's Manufacturing Overhead account contained the following data: Manufacturing Overhead Actual $82,140 $78,260 Applied $3,880 If the denominator activity for the year was 40,000 machine-hours, and if 36,400 machine-hours w

Managerial Accounting

#26 At a volume of 10,000 direct labor hours, Grist Company incurs $30,000 in factory overhead costs, including $10,000 in fixed costs. Assuming that this activity is within the relevant range, if volume increases to 12,000 direct labor hours, the company can expect to incur total factory overhead costs of: a $36,000 b

Life Cycle Costing

Instruction: - read and review the attachment. Problem: 1 - Determine the life cycle costs for each pricing decision. 2 - What price for the wallet phone's life cycle will produce the most profit for Starcom? Starcom Communications Technologies, Inc., has introduced a new phone so small that it can be carried in a w

Oppotunity Cost

An investment opportunity/cost schedule __________ (a) ranks capital projects by net present value, from highest to lowest, and then compares the discount rate to the marginal cost of capital (b) ranks capital projects by internal rate of return from the highest to lowest and marginal costs from lowest to highest, and

Cost Benefit Analysis

Cost Benefit Analysis for Distance Education at the FAA #1 Convert 1% of programs to distance learning and then grow the percentage at 3% per year. (See attachment for full question)

Cost Drivers

Introduction: Joe Costanzo is owner of a growing chain of grocery stores in the Richmond, Virginia and the Washington, D.C. area. Joe's stores specialize in organic and other specialty foods and other specialty products, which have attracted a strong following. As his business matures, Joe is now more interested in understa

Favorable cost variances are briefly highlighted.

A favorable cost variance of significant magnitude _________. is a result of poor planning, if investigated, may lead to improved production methods, indicates management does not need to be concerned about lax standards, or does not need to be investigated

Special One-Time Order

A Trucks Parts Manufacturer is approached by an European customer to fulfill a special one-time order for a product similar to one offered to domestic customers. Truck Parts Manufacturing has excess capactity. The following per unit data applies to sales of regular (domestic) customers: Direct materials

Figuring Cost Driver Rates

2 Questions based the information below: Rope Company has two departments: Machining and Assembly. The following estimates are for the company yesr: Machining Assembly Direct Labor hours 10,00

Description of Cost Management

Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a community mental health agency, is concerned about the dilemma of coping with reduced budgets next year and into the foreseeable future, but increasing demand for services. In order to plan for reduced budgets, she must first identify where costs can be cut or redu

Two Problems Dealing with Cost Behavior

Answer both of the following questions. Explain your answer briefly and clearly, showing any necessary calculations. 1. The County Historical Society and Museum is considering holding a picnic as a fundraiser. They plan to charge $15 per ticket. They can rent a facility at a state park for $300. The food would be catere

Explain the steps of the cash conversion cycle for a hospital

The cycle in a hospital from admission to collection of the billing can be broken down into the following phases: cash, purchase of resources, availability of resources, patient treatment, patient release, billing, receivables and collection. Explain these phases and what management can do to help shorten the overall time it tak

Management Accounting

1. Discuss how accountants at Marmon can act as internal consultants. 2. What kind of background and knowledge would an accountant require to be an effective internal consultant? 3. Data gathered by accountants is not only used internally, but externally as well. Describe ways in which information gathered by accountants at