Share
Explore BrainMass

Management Accounting

Managerial Accounting Concepts and the Lean Business Model

I need help with the following assignments please: QS 18-2 Managerial accounting versus financial accounting, QS 18-3 Lean business concepts, QS 18-5 Product and period costs, and Exercise 18-3 Characteristics of financial accounting and managerial accounting. Please see the attached word document for a full description.

Managing Working Capital

A new computer system allows your firm to more accurately monitor inventory and anticipate future inventory shortfalls. As a result, the firm feels more able to pare down its inventory levels. What effect will the new system have on working capital and on the cash conversion cycle?

Describe the importance of the cash/flow conversion cycle.

In the current financial environment: In at least 300 words and at least one online source describe :1) Describe the importance of the cash/flow conversion cycle. 2) Compare and contrast various current asset management techniques. 3) Compare and contrast the various methods of short-term financing.

Allocating Costs Equitably Among Divisions

See the attached file. Allocating Costs Equitably Among Divisions This is a practice question I am having problem solving. Thanks and happy holidays. Allocating Costs Equitably Among Divisions Domestic Overseas Freight Passenger Passengers Total First quarter actual results: Hours of hangar u

Cash Conversion Cycle...

The owner of a hot dog cart purchases inventory with credit every morning and sells all of the inventory by 2 o'clock in the afternoon. The hot dogs and drinks are sold only for cash. Will the owner have a negative cash conversion cycle?

Allen Frame: Cost Concepts for higher production levels

In 2005 AFC, produced 23,000 and provided 1,000 custom framing services and sold 20,000 frames. Holding the sales and framing service constant, supose the president instructed manufacaturing to produce at levels of 26,000 and 28,000. I have attached the excel spread that I have completed so far. Write 2-3 Paragraphs explana

Changes in Accounting Principles

If management fails to provide adequate justification for a change from one generally accepted accounting principle to another, the auditor should A)Add an explanatory paragraph and express a qualified or an adverse opinion on the company's financial statements for lack of conformity with generally accepted accounting principl

Relevant Cost - CompTronics

CompTronics, a manufacturer of computer peripherals, has excess capacity. The company's Utah plant has the following per-unit cost structure for item no. 89: Variable manufacturing $40 Fixed manufacturing $15 Variable selling $8 Fixed selling $11 Traceable fixed administrative $4 Allocated administrative $2 The trace

Standard Cost System

Benson Company, which uses a standard cost system, budgeted $600,000 of fixed overhead when 40,000 machine hours were anticipated. Other data for the period were: Actual units produced: 10,000 Standard production time per unit: 3.9 machine hours Fixed overhead incurred: $620,000 Actual machine hours worked: 42,000 Benso

Fixed utilities cost per month

Use the folling information for the problem below: Month Utilities Machine Hours January $8,700,800 February 8,360,720 March 8,950,810 April 9,360,920 May 9,625,950 June 9,150,900 Atlanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's uti

Target Costing - Stetson Corporation

Stetson Corporation uses target costing and sells a product for $40 per unit. The company seeks a profit margin equal to 30% of sales. If target-costing calculations revealed a need for a $4 cost reduction, the firm's current manufacturing cost must be: A. $12 B. $24 C. $28 D. $32 E. an amount other than those listed ab

Success Factors for High Tech Firm and Low Cost Retail Store

1-What are likely to be the long-term critical success factors for the following types of firms? ? A high technology company, such as Microsoft ? A large, low-cost retailer, such as Kmart (b.) How useful is financial accounting data for evaluating how well these two companies are managing their critical success factors? W

Activity rate for each of the activity cost pools

As You Like It Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company believes that costs are driven primarily by the size of customer's lawns, the size of customer garden beds, the distance to travel to customers, and the number of

Financial Management

1) John and Karen are both considering buying a corporate bond with a coupon rate of 8%, a face value of $1,000, and a maturity date of January 1, 2025. Which of the following statements is most correct? A)Because both John and Karen will receive the same cash flows if they each buy a bond, they both must assign the same v

Make or buy decision and relevant cost

Davis Company manufactures used parts in production of widgets. When 10,000 items are produced, the costs per unit are: Direct Materials $0.50 Direct Manufacturing labor 2.00 Variable manufacturing overhead 1.20 Fixed manufacturing overhead 1.60 Jackson Company has offered to sell to Davis

Compute the cost per broadcast hour

WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Cost Boradcast Hours Co

Cost Systems - Tioga Company

Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is not preparing its annual profit plan. As part of its analysis of the profitability of individual products, the controller estimates the amount of overhead that should be allocated to the individual product lines from th

Fixed Factory Overhead

If a factory is not operating at full capacity, and does not have the potential business to use up the remainder of its capacity, which cost should be ignored in a decision to produce additional units of product? variable selling expenses fixed factory overhead direct labor contribution margin of additional units Why?

Impact of controls on functions of management

Explain how the following controls of Starbucks impact the four functions of management: Operational Controls- All Starbucks stores are company owned or licensed. Product Control- Committed to selling only the finest whole beans and coffee drinks. Control of Employee training (Not sure how to word it) Every employe

Allocated Cost Scenario

1) Review the scenario attached. 2) Revise the table above assuming that non-traceable costs are not allocated. 3) Compare the evaluation of the office managers that would be made under the original table and the table you have just created. 4) Which method provides for more goal congruence? Why? Support your answer wit

Working Capital Management: Cash Conversion Cycle, Accounts payable, etc.

The Corporation has an inventory conversion period of 57 days, a receivables collection period of 35 days, and a payables deferral period of 25 days. Its annual credit sales are $5,000,000, and its annual credit purchases are $3,500,000. a. What is the length of the firm's cash conversion cycle? b. What is the firm's in

Technology Management Paper

Technology Management Paper Prepare a 700 word paper identifying at least three challenges to either employee or customer retention that managers are likely to face due to changes in technology, and describe how you would address each challenge in your role as a manager. With 2 references in paper APA format. Orginal materi

Managerial Accounting and Fixed Costs

P3-36; Identifying Discretionary and Committed Fixed Costs Identify and compute TOTAL DISCRETIONARY FIXED COSTS and TOTAL COMMITTED FIXED COSTS from the following list prepared by the accounting supervisor for the Huang Building Supply. Advertising $19,000 Depreciation 47,000 Health insurance for the company'

Managerial Accounting - General Mills

P2-36; Variable Cost to Break Even General Mills (GM) makes Wheaties, Cheerios, Betty Crocker Cake Mixes, and many other food products. Suppose the product manager of a new GM cereal has determined that the appropriate wholesale price for a carton of the cereal is $48. Fixed costs of the production and marketing of the cere

Managerial Accounting - Motel 6

P2-35; Motel Rentals Suppose a particular Motel 6 has annual fixed costs of $3.2 million for its 400-room motel, average daily room rents of $50, and average variable costs of $10 for each room rented. It operates 365 days per year. - How much net income on rooms will Motel 6 generate: (a) if the motel is completely full

Managerial Accounting - Angelino Food Services Company

P2-A2; Cost Volume Profit and Vending Machines Angelino Food Services Company operates and services soft drink vending machines locate in restaurants, gas stations, and factories in four southwestern states. The machines are rented from the manufacturer. In addition, Angelino must rent the space occupied by its machines. T