Explore BrainMass

Explore BrainMass

    Management Accounting

    BrainMass Solutions Available for Instant Download

    Accounting: Step-down Cost Allocation

    A company has two producing department, mechanical (M) division and electronic (E) division, in addition to three service departments, facility management (FM) division, receiving and handling (RH) division, and human resource (HR) division. The company's main production activity is assembling, from a variety of components purch

    Deterring fraud: fraud triangle and segregation of duties

    The CEO and the CFO of Automation Company were both aware that the company's controller was reporting fraudulent revenues. Upper level executives are paid very large bonuses when the company meets the earnings goals established in company's budgets. While the CEO has pushed CFO and the controller to "make the numbers," he had no

    Accounting Questions Assistance

    1. Why does multiple product cost-volume-profit analysis often assume a constant product mix? 2. A manager in your organization just received a special order at a price that is "below cost." The manager points to the document and says, "These are the kinds of orders that will get you in trouble. Every sale must bear its share o

    Discuss article: Stores Count Seconds to Trim Labor Costs

    A consulting company was hired to improve efficiency. Was this good business? Briefly explain. Use the article "Stores Count Seconds to Trim Labor Costs" by Vanessa O'Connell found at: http://online.wsj.com/news/articles/SB122651745876821483

    Regression Analysis and Control Chart Analysis

    1. Quality Control Eastsound operates round-trip flights between two cities using a fleet of three planes: the Viper, the Tiger, and the Eagle. The budgeted quantity of fuel for each round trip is the average fuel usage, which over the past 12 months has been 150 gallons. Eastsound has set the upper control limit at 180 gal

    Accounting controls for managed rental properties

    Mel O'Conner owns rental properties in Michigan. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in local newspapers. The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To c

    Rental Property Internal Controls: Mel O'Conner

    Mel O'Conner owns rental properties in Michigan. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in local newspapers. The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover

    Nonprofit fund accounting: Restricted funds

    Restricted funds for Nonprofit fund accounting: Can a nonprofit (not-for-profit) organization release restrictions on a "strike fund" and use it in the general fund for current year activity? Why or why not? If you knew that the strike fund was held for steel workers' union to pay benefits during a potential strike versus a

    Job costing for all aspects

    Analyzing costs in an engineering company. On June 1, Chu Engineering, which inspects cleanup of toxic spills and waste, had two jobs in process with the following costs incurred to date: Direct Materials

    Managerial Accounting for Boca Raton

    Boca Raton company had the following financial results last year: Sales 20,000 units $ 144,000 Variable costs 56,000 Overhead (50% variable) 21,000 Other fixed costs 12,000 Operating income $ 55,000 A foreign company, whose sales will not affect Boca's regular sales, offers to buy 1,00

    Dropping a product

    Show your work. 3 Magnolia Park Company has three products, Regular, Deluxe & Economy. The following information is available: Regular Deluxe Economy Sales $52,500 $76,500 $21,600 Variable costs 31,500 40,800 13,125 Contribution margin

    Avoidable costs if purchased

    Pratt Witney Company manufactures a part used in several of its engine models. Annual production costs for 1,500 units are as follows: Direct materials $ 125,000 Direct labor 48,000 Variable support costs 75,000 Fixed support costs 65,000 Total costs $313,000 Pratt Witney Company has the option of purchasing the pa

    managerial accounting

    Andrew and fulton inc. uses 780 cases of a chemical bonding agent each year. Monthly demand fluctuates between 50 and 80 tons. The lead time for each order is one month, and the economic order quantity is 130 tons. Determine the safety stock appropriate for the chemical bonding agent?

    Rosely HSA decision: relevant costs sunk opportunity incremental

    A BusinessWeek article titled, "HSAs Could Keep You in the Pink," by Christopher Farrell describes the use of health savings accounts (HSA). HSAs were authorized by Congress. The HSA plan has two parts. First, individuals buy a health insurance policy with a high-deductible. Second, participants open an HSA, a tax-sheltered

    Budgeting Characteristics

    Critically evaluate budgeting as a tool for planning and control, making reference to readings you have undertaken. Refer to specific authors or examples where appropriate to support your discussion. Suggested journal articles : Howell, R. (2004) Turn your budgeting process upside down, Harvard Business Review, July, pp. 21-

    Cost Accounting

    Sunk cost, is a cost we have written off and it should not be relevant to the future decision. Your company has spent millions of dollars on a steel plant, but it's cheaper to import. What can we do? Have you seen outsourcing work or not work?

    Cost Accounting

    I am going to focus on the customers of my business and leave cost allocation issues to my accountants." Do you agree with this comment by a division president? Why?

    Accounting for cost overruns and recoveries

    Managers must make decisions with respect to the financial reporting necessary to apply accounting standards. Consider the article "Halliburton: Accounting for Cost Overruns and Recoveries" (Tayan & McNichols, 2007). Next, using outside sources that you may seek and your professional experience, develop and write a 3 page paper

    COST ACCOUNTING

    Flex-Budgets & Fixed Budgets: Is it better to pad the budget so when the cuts come, you are not hurt that bad, or should you be tight to the bone and fight for your rights. What do you do when you have to cut the Budget?

    Accounting Fraud

    Explain the fraud committed by Take-Two Interactive Software related to the blockbuster video game series Grand Theft Auto.

    Managerial Accounting

    What are some similarities and differences between financial and managerial accounting? Please provide examples.

    Accounting / Finance

    During the last few years, Harry Davis Industries has been too constrained by the high cost of capital to make many capital investments. Recently, though, capital costs have been declining, and the company has decided to look seriously at a major expansion program proposed by the marketing department. Assume that you are an assi

    Managerial Accounting: High-Low Method

    Randall Sports has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 18,000 27,600 June 13,000 26,450 July 12,000 26,000 August 15,000 26,500 Using the high-low method, what is the variable cost per unit?

    Interidiate accounting research case

    You are the Controller for Specialty Cars, Incorporated. Specialty is an automotive company that specializes in the manufacture of high-end, unique vehicles designed by its customers. Due to the unique nature of Specialty's business, the company has decided to develop a software program internally to assist in streamlining the m

    Income Statement and Balance Sheet of Purchases

    Prepare an income statement for Packer, Inc. for 2013, and a balance sheet as of December 31, 2013. Case study is given below: Packer, Inc. was formed on January 2, 2013. Joe Lombardi contributed $40,000 cash in exchange for all 1,000 shares of stock. The same day, Packer signed a lease on office space at a rent of $1,200/mo

    Understanding Practical Business and Organizational Research

    Choosing an article that either deals with Measuring Performance or Incremental Analysis write an introduction to the article. Include the following sections and include no opinions, judgments, or beliefs about the study. Only present the facts. Topic - State the broad organizational or field of study topic and establish the ov