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Management Accounting

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

Relevant Cost Decisions

The Svenson Corporation manufactures cellular modems. It manufactures its own cellular modem circuit boards (CMCB), an important part of the cellular modem. It reports the following cost information about the costs of making CMCBs in 2003 and the expected costs in 2004: Current Costs Expected Costs

Relevant Cost Decisions

The Reno Company manufactures Part No. 498 for use in its production line. The manufacturing cost per unit for 20,000 units of Part No. 408 is as follows: Direct material___________________________________$6__ Direct manufacturing labor________________________30__ Variable manufacturing overhead___________________12__ Fixe

Calculating operating and cash cycles

Calculate the operating and cash cycles and how is this interpretated? Item Beginning Ending Inventory $9146.00 $11,416.00 Accts receivable $4,819.00 $5,627 Accts payable $8,126 $8,526 Net sales: $70,126 Cost of goods sold: $52,143

Managerial Acoounting - Spreadsheet Practice

Alexandra Patel, the manager of the food and Lodging division at Winter Wonderland, has hired you as a consultant to help her examine her division's performance under several different circumstances. 1. Type the following format into a spread sheet to compute the Food and Lodging Divisions's actual return on investment and resi

Production Cost Variance Analysis

Located in Florida, LightFlight Boat Builders served boaters with a small, lightweight fiberglass sailboat capable of being carried on a car roof. Though the firm could hardly be considered as one of the nation's industrial giants, its burgeoning business had required it to institute a formal system of cost control. Jim Carson,

Managerial Economics

Gabriella Inc. is a business that helps individuals on job with local employers. Gabriella does not hire individuals; rather it provides the service of calling individuals for employers who then hire them. A key feature of Gabriella's success is its ability to reach a large number of individuals in a short period of time by mean

Managerial Accounting

Many costs are classified as indirect costs in service organizations because _________ a) direct costs are unimportant b) direct costs is a term used only in manufacturing organizations c) output is difficult to measure and relate to costs d) output cannot be inventoried Believe "C" is the correct answer please advise w

Cost Accountiung Regression Problem

Please compute the following problem Use the following table for your problem. X = annual net income ($ thousands) and Y = annual food expenditures ($ hundreds). The letters A through J represent the different families. For example family A has annual income of $8,000 and spends $2,200 on food annually. Family Y X A

Opportunity cost

Hi there again, Just another question about the opportunity cost of the converted wing. Why wouldn't the opportunity cost of the converted wing be calculated at $120 x unutilised number of bed per day. For example, in the 'first column' of the spreadsheet the rate of utilisation is 40%. So in reality, we have 60% of beds (

Management Accounting - Relevant costing for investments

I'm having a problem with a question that has been set for us to look at. Our lecturer revealed that it is a similar style question that we 'may' face in our final exam, so I realise its importance. Unfortunately I am lost as to how to tackle this question but nevertheless I have made a complete and thorough attempt at completin

Cost variance analysis

See attachment for a case study of cost variances. The problem looks at direct cost and overhead variances, standards analysis, budgeted and actual gross margins.

Using Solver for cost of corn, fishbones, and sawdust

You are in business of producing and selling 100-pound bags of health food for pet pigs. You plan to advertise that each bag will provide a pig its minimum weekly requirements of protein (200 grams), calcium (300 grams) and fiber (100 grams), and will contain no more than 500 calories. You have found supplies at a reasonable co