Explore BrainMass

Management Accounting

Cost Reconciliation Schedule: Maple Inc.

Maple, Inc. manufactures syrup that goes through three processing stages prior to completion. Information on work in the first department, Blending, is given below for August: Production data: Pounds in process, August 1; materials 100% complete; conversion 70% complete 3,000 Pounds started into production during Augus

Inspection Cost

A company is considering additional final inspection costs of $1 per unit before delivery to customers. It currently delivers 60,000 units per year. The additional inspection should reduce the defective rate from 3 percent to 1 percent. If a defective unit is found, it is scrapped at no additional cost. The manufacturing cos

Unavoidable Fixed Cost

An insurance company has the following profitability analysis of its services. There are no services or divisions other than what is stated below: ...................................Life Insurance............Auto Insurance............Home Insurance Revenues.....................$5,000,000................$10,000,000.............

Process Cost Systems

Please help me with the True/False study guide for test review. 1. The cost of production report reports the cost of the goods sold. a. True b. False 2. In a process costing system, a separate work in process inventory account is maintained for each customer's job. a. True b. False 3. Process cost systems use

Managerial Accounting: Completing a Master Budget

The following data relate to the operations of Picanuy Corporation, a wholesale distributor of consumer goods: Current assets as of December 31: Cash $ 6,000 Accounts receivable $36,000 Inventory $9,800 Buildings and equipment, net $110,885 Accounts payable $32,550 Capital stock $100,000 Retained earnings $30,1

Accounting (Management Control Systems)

Jack's Outdoor World is a company that manufactures and sells garden furniture. They have been operating for the past ten years and have a comfortable share of the market. The company has four divisions, namely the garden shed division, the outdoor table division, the outdoor chair division and the garden swing division. Jack

Managerial Finance for Warf Computers'

Need some assistance with these calculations and three questions. I would like to know if this account is positive and if it is going in a positive or negative direction. 1. How would you describe Warf Computers' cash flows? 2. Which cash flow statement more accurately describes the cash flows at the company? 3. In lig

Managerial Accounting-Budgeting

Differential Analysis-knowing which costs are relevant etc. Lewis company: production and sales information for Lewis Company. Product information Prod B Beginning inventory 0 Units produced 10,000 Units sold 9,000 Selling price per unit $300 Variable costs per unit Direct ma

BEC Questions: Bartlett Company, Kern Co., and Ordering Cost

1. Bartlett Company is considering a new product, Pear. Bartlett's fixed costs are $200,000. Pear's contribution margin is $200 per unit. Bartlett has a marginal tax rate of 25%. How many units of Pear would Bartlett have to sell to have after-tax net income of $1,000,000? a. 2,250 units b. 4,750 units c. 5,000 units d. 7,

Opportunity Cost of Attracting Industry

The Itagi Computer Company From Japan is looking to build a factory for making CD-ROM's in the United States. The company is concerned about the safety and well-being of its employees and wants to locate in a community with good schools. The company also wants the factory to be profitable and is looking for subsidies from poten

Organisational Behavior: Managerial Styles

Hi, Please give me an outline/ guide to attempt this question. What are the appropriate motivation theories, what are the differences/ similarity of David & John managerial styles. Whose style is more appropriate? Who would you rather work for and why?, Please see attachment for case study.

Unit Production Cost

Oasimi Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price............................................................................ $121 Units in beginning inventory.......................................................0 Units produced.......

Managerial Economics: Relevant Costs

Two partners own a small landscaping business in North Carolina called Summer Lawn Care. They have been specializing in summer grass seeding, installation, and maintenance. Recently, the partners acquired special technology and know-how for winter grass installations and maintenance. They also added a tree cutting service as rec

Principles of Managerial Accounting Paper

Need help with the concepts of a paper discussing the principles and concepts of managerial accounting. Below are the concepts that must be included. These concepts must be discussed within the paper: an overview of managerial accounting and the business environment, cost term concepts and classifications; cost behavior anal

Managerial economics: Triple-Bottom-Line Outcomes vs Profit Maximization

I need help with the following question. Why do some business firms pursue a triple-bottom-line outcome while others focus only on profit maximization? Please, use a real company example to illustrate your points. In 300 words or more, please, provide your response to the above discussion question. Comment on how customers ca

Shortening a cash cycle

A company can shorten its cash cycle by: 1-reducing inventory turnover 2-reducing account payables 3-reducing days receivable 4-none of the above

Cost Allocation Scenario

Scenario: A Company has two production departments (Planting and Harvesting) and two service departments (Cafeteria and Repairs). The service department costs must be allocated to production departments. Management has decided to allocate the cost of the cafeteria to other departments based upon the average number of employees a

Allocating Costs in a Hospital Admissions Office

Hospital Admissions Office The admissions office of a large hospital has an annual operating budget of $700,000. These costs are distributed to impatient departments (surgery, medicine, pediatrics, psychiatry) and to outpatient departments (drug treatment, prenatal care, and dialysis). In the past, the admissions office's cos

Discussing Managerial Roles

Consider these roles: managerial roles, interpersonal roles, informational roles and decisional roles. Questions: Which role do you believe is the most important to the development of management within an organization. Why? How can it be developed within the senior management of an organization? You can relate this to your ow

Calculation of Total Relevant Cost

Climate-Control, Inc., manufactures a variety of heating and air-conditioning units. The company is currently manufacturing all of its own component parts. An outside supplier has offered to sell a thermostat to Climate-Control for $31 per unit. To evaluate this offer, Climate-Control, Inc., has gathered the following informatio

Investment and Portfolio Management

David and Lucile Packard Foundation Investment Philosophy and Strategy 1) What investment philosophy and strategy would you choose in order to best further the goals of the David and Lucile Packard Foundation? 2) To what extent can your investment philosophy and strategy at the David and Lucile Packard Foundation differ

Operating leverage, margin of safety and cost behavior

Explain how a 3 percent decline in sales at Home Depot could cause a 21 percent decline in profits. What accounting concept was involved, how were the various major types of costs incurred by Home Depot likely affected by the decline in its sales, and the effect of the decline in sales on Home Depot's margin of safety?

Depletion/Extraord Loss, Acctg R&D Costs, & Correct Intangible Asset Acct

E12-16 (Accounting for R&D Costs) Margaret Avery Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2009 the company expends $325,000 on a research project, but by the end of 2009 it is impossible to determine whether any benefit will be derived from it. Inst

Financial vs Managerial? Contribution margin vs COGS?

Answer two of the following with factual opinions: 1. How is the purpose of managerial accounting different from financial accounting? 2. Are more accountants involved in the financial or managerial function today? 3. Comment on the use of a functional versus absorption income statement. Describe the differences in

Managerial Accounting: Incremental Revenue Problems

a. Kaplan Company manufactures ties. When 28,000 ties are produced, the costs per unit are: Direct materials $0.60 Direct manufacturing labor 3.00 Variable manufacturing overhead 1.20 Fixed manufacturing overhead 1.60 Variable selling 0.80 Fixed selling 1.13 The ties normally sell for $22 each. The company has received

Analysis of the Management Accounting System in Walmart

Examine the Walmart's accounting and finance practices. This should be a formal business report that provides both specific processes and strategies involving budgeting, costing, capital decision making, capital acquisition, and cost of capital structure. These processes and strategies are to be supported with management account