How is managerial accounting working for planning and controlling? Indicate any specific roles of managerial accounting compared with other organizations.
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
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
Photos Inc. has a standard cost system in which it applies overhead to products based on the standard direct labor hours allowed for the actual output of the period. Data concerning the ost recent year appear below: Total budgeted fixed overhead cost for the year $250,000 Actual fixed overhead cost for the year
Posters Now uses a standard cost system. Job 67 is for the manufacturing of 800 unites of the product P100. The company's standards for one unit of product P100 are as follows: Standard quantity: 11 ounces Standard price: $3 per ounce Standard direct labour: 1.5 hours Standard labor rate: $12 per hour The job required 8
Mobile Battery features more than a dozen brands of batteries in many sizes. Two of the brands are PowerPlus and SuperPower. The following information about the two brands was obtained. Selling prices include installation costs. Each battery costs $10 to install. Selling Price Installed Cost per Batter
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
A Company allocates telephone expenses based on a variable rate of $1 per phone call. It allocates the fixed monthly charge equally over its budgeted usage. B Division expected to make 300 telephone calls, but actually made 350. C Division expected to make 300 telephone calls, but actually made 250. Actual fixed costs for the mo
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
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
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
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
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?
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
Michael Vick has written a self-improvement book that has the following cost characteristics: Selling Price: $16.00 per book Variable cost per unit: Production $4.00 Selling & administrative 2.00 Fixed costs: Production $88,000 per year Selling & administrative 18,000 per year How many units must be sold t
Discuss the major factors associated with appraisal of expatriate managerial performance.
Carolina Products has the following product information: Sales price - $25.00 per unit Variable costs - $15.00 per unit Fixed costs (total) - $50,000 Required: Calculate the following based on the above information: A. How many units need to be sold in order to break-even? B. Calculate the increase in net income if an ad
A manager is considering a special project that will increase cash sales by $80,000 and increase costs by $30,000. All cash receipts are taxable and all costs are tax deductible. If the tax rate is 30%, what will be the after-tax profit from the special project?
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
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
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
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,000 units, is as follows: Direct Materials: $6 Direct labor: $4 Overhead (2/3 OF WHICH IS VARIABLE): $9 Mazeppa has been approached by a distributor in Montana offering to buy a special order co
1. Define cash conversion cycle (CCC), and explain why, holding other things constant, a firm's profitability would increase if it lowered its CCC. 2. How does currency, demand deposits and marketable securities relate in today's society? Provide an example.
Shannon Industries manufactures two products: A and B. A review of the company's accounting records revealed the following per-unit costs and production volumes: Production Volume in units A: 2,500 Prod
Describe two long-run effects that may lead to managers' rejecting opportunities to cut prices and obtain increases in short-run profits. What are some advantages of using cost drivers effectively? Can you apply too many cost drivers? Accountants do not ordinarily record opportunity costs in the formal accounting records.
Many accounting writers have emphasized the effect that the allocation of fixed overhead can have on managerial incentives to overproduce. When fixed overhead is allocated to product, the greater the production level, the lower the fixed cost per unit. The lower fixed cost per unit might increase perceived profitability, but is
Hi, Thanks for helping me! Any information not given can be made up, because it is a case study and there is wiggle room. Prepare the financial projections for this proposed company. 1) Present a "minimum" level of sales needed to break even for a typical cafe in the first year. Use a conservative market with lower ex
Actual production and sales were 62,900 coffee mugs, actual direct materials usage was 10,000 lbs. at an actual price of $0.17 per lb., actual direct labor usage was 202,000 minutes at a total cost of $30,300, actual overhead cost was $10,000 variable and $30,500 fixed, marketing and administrative costs were $115,000. Comput
When analyzing end of period production cost variances, which of the following product costs components will need flexing? A. direct material B. direct labor C. variable manufacturing overhead D. fixed manufacturing overhead
Van Den Borsh Corp. has annual sales of $50,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The firm's cost of goods sold is 85% of sales. The company makes all purchases on credit and has always paid on the 30th day. However, it now plans to take full advantage of trade credit