managerial accounting

Most popular questions
  1. Managerial Accounting

    M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings would grow by 20% this year.

    asked by raja on November 11, 2010
  2. Managerial accounting

    Han Products manufactures 30,000 units of part S-6 each year for use on its production line. At this level of activity, the cost per unit for part S-6 is as follows: Direct materials $ 3.60 Direct labor 10.00 Variable manufacturing overhead 2.40 Fixed

    asked by kim on September 15, 2011
  3. Managerial accounting

    The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000 13,000 11,000 The selling

    asked by kim on September 5, 2011
  4. Managerial accounting

    [Figure 5-1]. - The receiving department of Owen has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is

    asked by Anonymous on January 7, 2013
  5. managerial accounting

    Frigid Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1, 2016, and operated at 100% of capacity during the first month. The following data summarize the results for July: 1 Sales (35,000 units) $8,750,000.00 2

    asked by rica on April 17, 2018
  6. Managerial Accounting

    Kim Johnson purchased an asset for $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the life of the asset, Kim will not be able to sell the asset because it will have no salvage value. Required: What

    asked by Lisa on April 13, 2013
  7. Managerial Accounting

    The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer’s payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by the employer on this payroll are $6,000. Of the total

    asked by SFC Triplett Larry A on May 9, 2012
  8. MANAGERIAL ACCOUNTING

    #1 chin company incurred direct materials costs of $300,000 during the year. manufacturing overhead rate is 70%. how much are chin company total manufacturing costs for the year? #2 wrapping department's output during the period consist of 10,000 units

    asked by mia on July 3, 2007
  9. Managerial Accounting

    Sandusky Inc. has the following costs when producing 100,000 units: Variable Costs $400,000 Fixed Costs 600,000 An outside supplier is interested in producing the item for Sandusky. If the item is producing outside, Sandusky could use the released

    asked by Daniel on September 4, 2012
  10. Managerial Accounting

    • Calculate the annual break-even point in dollar sales and in unit sales for Shop 48. • Prepare a CVP graph showing cost and revenue data for Shop 48 from zero shoes up to 17,000 pairs of shoes sold each year. Clearly indicate the break-even point on

    asked by Adrienne on November 29, 2010
  11. Managerial Accounting

    Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.70 per unit. The company also estimates that this change could increase the overall number of

    asked by David on March 11, 2015
  12. managerial accounting

    The following direct materials and direct labor data pertain to the operations of Solario Manufacturing Company for the month of August Costs Quantities Actual labor rate $13 per hour Actual hours incurred and used 4,200 hours Actual materials price $128

    asked by jennifer on November 15, 2010
  13. Managerial Accounting

    Let me try this again How does shaving 5% off the estimated direct labor hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year?

    asked by Jim on January 12, 2010
  14. managerial accounting

    Department A had 10,000 units in work in process that were 30% converted at the beginning of the period at a cost of $10,000. During the period, 15,000 units of direct materials were added at a cost of $60,000, 16,000 units were completed, and 9,000 units

    asked by Crystal on February 27, 2011
  15. managerial accounting

    The break-even point in dollar sales for Rice Company is $480,000 and the company’s contribution margin ratio is 40 percent. If Rice Company desires a profit of $84,000, how much would sales have to total? Answer: Fixed cost $288,000 Variables cost

    asked by maria on April 16, 2014
  16. managerial accounting

    Scott Manufacturing Co.’s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 units of production, a flexible budget would show:

    asked by Anonymous on May 3, 2014
  17. managerial accounting

    Which of the following is a benefit of participative budgeting? A. Budget planning is highly centralized. B. A twelve-month planning horizon is maintained at all times. C. Employees tend to be more motivated to achieve the budget. D. Communication is

    asked by sarahip on June 6, 2012
  18. Managerial Accounting

    Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total)

    asked by Nancy on December 4, 2014
  19. Managerial Accounting

    17.Pid has invested in a machine that cost $70,000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a

    asked by Dovey on December 14, 2006
  20. Managerial Accounting

    Tiger Golf Accessories sells golf shoes, gloves and laser-guided range finder that measures distance Below are unit cost and sales data. Shoes Gloves Range find Unit sales $100 $30 $250 Unit VC 60 10 200 Unit CM $40 $20 $50 Sales Mix 40% 50% 10% Fixed cost

    asked by Karen on June 13, 2010
  21. Managerial Accounting

    a ski company plan to add five new chai500 a day for the lift. the lifts cost 2 million and to install the lift cost another 1.3 mil.The lift will allow 300 additional skiers on the slopes but only 40 days a year will be needed. The company will sell 300

    asked by Anita on August 23, 2009
  22. Managerial Accounting

    Garcia Veterinary Clinic expects the following operating results next year: Sales (total) $600,000 Variable expenses (total) $120,000 Fixed expenses (total) $300,000 What is Garcia's break-even point next year in sales dollar?

    asked by Nancy on December 4, 2014
  23. Managerial Accounting

    How does lowering your estimated direct labor hours increase your net operating income at the end of the fiscal year?

    asked by Jim on January 12, 2010
  24. managerial accounting

    Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?

    asked by leweis on October 12, 2013
  25. Managerial Accounting

    Gladmark company produces two types of get well cards scented and regular drivers for the four activities as follows: Scented Regular Inspection hours 40 160 Set up hours 50 50 Machine hours 200 600 Number of moves 225 75 1. Calculate the consumption

    asked by Cris on June 13, 2010
  26. Managerial Accounting

    Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are $20 per unit based on the current

    asked by Jhoan on April 16, 2014
  27. Managerial Accounting

    Instead of sales of 10,000 pair of skis, revised estimates show sales volume at 12,500 pair. At this new volume, additional equipment, at an annual rental of $10,000 must be acquired to manufacture the bindings. This incremental cost would be the only

    asked by Anonymous on February 24, 2010
  28. Managerial Accounting

    Inmelt Corp charges price of $6.50. Total Fixed Cost is 314,400. per year, break-even point is 131,000 units. What is the variable cost per unit.

    asked by Anonymous on August 1, 2015
  29. managerial Accounting

    Smith Co uses a standard cost system for its single product in which variable manufacturing overhead is applied on the basis of direct labor hours. The following information is given: 4 Standard costs per unit: Raw materials (1.5 grams at $16) $24.00

    asked by Klatoyaa on September 30, 2010
  30. Managerial Accounting

    Direct materials: 7 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $6.80 per hour During July, the company produced 4,600 Maze toys. Production data for the month on the toy follow: Direct materials: 70,000 microns were purchased at

    asked by Kat on July 31, 2015
  31. Managerial Accounting

    The overhead rate for materials handling is $10 per part based on an estimated total cost of $900. Products X & Y have 320 and 280 parts respectively. What is the overhead allocated to X & Y? A. Product X $3,200, Product Y $4,400 B. Product X $4,800,

    asked by sabrina on October 28, 2014
  32. managerial accounting

    For year ended December 31, 2006, firm a produced and sold 12,000 units of product. Fixed expenses associated with producing the product totaled $4000 for the year. A variable cost of $3.20 per unit was incurred to produce the product. Fixed expenses

    asked by mz nailz on October 17, 2011
  33. Managerial Accounting

    . In order to improve the accuracy of unit costs, most companies recompute the predetermined overhead rate each month. True or False

    asked by Harsh on May 13, 2011
  34. managerial accounting

    Accounting homework Gladmark company produces two types of get well cards scented and regular drivers for the four activities as follows: Scented Regular Inspection hours 40 160 Set up hours 50 50 Machine hours 200 600 Number of moves 225 75 1. Calculate

    asked by Cris on June 12, 2010
  35. Managerial Accounting

    Doughboy Bakery would like to buy a new machine for putting icing and other toppings on pastries. These are now put on by hand. The machine that the bakery is considering costs $78,000 new. It would last the bakery for ten years but would require a $9,000

    asked by Kat on August 1, 2015
  36. Managerial accounting

    well, I am doing direct material budget, and already have my production budget. for example for the quarter, for January I get 950, and cost for Direct material it says to be $8/unit, but it does not say the units need for production, so im confused.

    asked by Mike on April 22, 2015
  37. Managerial Accounting

    Joanna Pauly was delighted to see that her ROI figures had increased for the third straight year. She was sure that her campaign to lower costs and use machinery more efficiently (en- abling her factories to sell several older machines) was the reason

    asked by mary on March 14, 2015
  38. managerial accounting

    Equipment reported in the December 31, 2013, balance sheet was purchased in January 2013. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the

    asked by shirley on October 19, 2014
  39. managerial accounting

    32) Sarker manufacturing company produces and sells 40,000 units of a single product. Variable costs total $80,000 and fixed costs total $120,000. If each unit is sold for $8, what markup percentage is the company using?

    asked by Anonymous on November 26, 2011
  40. Managerial Accounting

    Flexible budget planning Sam Yu, the president of Centech Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data

    asked by Courtney on April 5, 2011
  41. Managerial accounting

    What is the method of inventory costing that assumes the unit product costs should be determined separately for each period i the order in which the costs were incurred? I think it is "process cost system". Is that right?

    asked by Crystal on February 27, 2011
  42. Managerial Accounting

    The Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a substantial commission on each pair of shoes sold (in

    asked by Adrienne on November 29, 2010
  43. Managerial Accounting

    1) If the Cost were split simply 50-50- than allocated expense would be - Advertising Expenses - $ 2.5 M for each business and warehouse expenses - $ 1.5 M for each business 2) As per my view the Advertisement expenses should be allocated in the ratio of

    asked by Tootsie on March 31, 2010
  44. managerial accounting

    The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $240,000 for the 4 years, is A. 18% B. 48% C.

    asked by natasha on August 22, 2009
  45. managerial accounting

    To help me answer these questions yo must download jet blues 10k-a. December 31,2004 at sec.gov. Input CIK code 1158463 and hit enter. input 10k-a and press enter.Input filing date march 8 ,2005. What is Jet blues strategy for Success in the marketplace?

    asked by my3kids on July 27, 2009
  46. Managerial Accounting

    If given the Selling price, the direct labor costs and other variable costs how do you determine the number of direct labor hours per unit?

    asked by Jennie on March 31, 2013
  47. Managerial Accounting

    What is FedEx’s strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operations excellence, or product leadership customer value proposition? What evidence supports your conclusion? What are FedEx’s four main

    asked by James on June 10, 2012
  48. managerial accounting

    Tusk pty ltd uses standard costs system for its single product in which variable manufacturing overheads is applied on the basis of direct labour hours. The following information is given: Standard costs: Raw material[R16per kg] Per unit R 24.00 Direct

    asked by steve on February 12, 2010
  49. managerial accounting

    Hess,Inc.Sells a single product with a contribution margin of $12 per unit, fixed costs of $74,400, and sales for the current year of $100,00. How much is Hess's Break even point?

    asked by cathalina on July 10, 2007
  50. Managerial Accounting

    The questions in this exercise are based on JetBlue Airways Corporation. To answer the questions, you will need to download JetBlue’s 10-K/A for the year ended December 31, 2004 (10K/A with a filing date of March 8, 2005). You do not need to print the

    asked by Angel on March 28, 2011
  51. managerial accounting

    The Joyner Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000

    asked by natasha on August 10, 2009
  52. Managerial Accounting

    A food division reported cost of sales-food of $198,680. Employees' meals cost $1,225, complimentary meals $142 and transfers in were received from the bar operaton with a cost of &82. Determine the net cost of sales.

    asked by Katie on February 6, 2011
  53. Managerial Accounting

    Rocky Mountain Outfitters manufactures cowboy boots. Information related to a recent production period is as follows: Estimated manufacturing overhead, 2004 $240,000 Estimated machine hours, 2004 12,000 Direct labor cost, September $ 8,000 Direct materials

    asked by Anonymous on September 17, 2010
  54. managerial accounting

    Using the data below please do the following in an Excel spreadsheet and e-mail it directly to me. 1. Prepare an income statement using variable costing (25 points) 2. Compute the unit product cost under both absorption and variable costing (10 points) 3.

    asked by morty on March 10, 2010
  55. Managerial Accounting

    Explain why there is a need for a bank loan and what operating sources provide cash for the repayment of the bank loan

    asked by Renau Daniels on September 15, 2007
  56. Managerial Accounting

    During June, the receipts and issuances of Material No. A2FO are as follows: Received June 3 1,100 units @ $15 16 1,700 units@ $17 29 900 units@ $18 Issued June 11 700 units 4 Job No. 116 18 1,900 units 4 Job No.117 30 800 units 4 Job No. 118 A) Determine

    asked by Ryan on February 16, 2012
  57. managerial accounting

    . (TCO 4) Paschal’s Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.38. This means that the contribution margin ratio is 62 percent. (a) What is the break-even point per month in

    asked by jenny on October 12, 2011
  58. Managerial Accounting

    what management position is responsible for each variance: Sales Materials Labor Overhead General, Selling & Administrative What causes these variances?

    asked by Craig on April 5, 2011
  59. Managerial Accounting

    Determining and interpreting flexible budget variances Use the standard price and cost data supplied in problem 15-18. Assume that Holligan actually produced and sold 31,000 books. The actual sales price and costs incurred follow. Actual price and variable

    asked by Kevin on April 5, 2011
  60. Managerial Accounting

    Please give an example of how you would use each of the financial reports (income statements, balance sheets, CVP income statements, statement of cash flows, and retained earnings statements) in order to make a business decision.

    asked by Stacy on October 27, 2009
  61. managerial accounting

    Im trying to get the selling price the question is marina has estimated the fixed cost per month are 240,000 and variable cosdt per dollar of sales is $0.60. what is the break even point per month use

    asked by Tarver on February 1, 2007
  62. Managerial Accounting

    Embleton Company estimates that variable costs will be 40% of sales, and fixed costs will total $975,400. The selling price of the product is $6. (a) Compute the following: (Round all answers to 0 decimal places. You will need to round contribution margin

    asked by THE AMAZING WIZARD on August 7, 2005
  63. Managerial Accounting

    IRR: Even Cash Flows Williams and Park Accounting Practice is considering investing in a new computer system that costs $9,000 and would reduce processing costs by $2,000 a year for the next six years. Required: Calculate the internal rate of return, using

    asked by Lisa on April 13, 2013
  64. Managerial accounting

    I have homework in managerial accounting, textbook by Atkinson 6edition. Problems, 10-59, 10-68, 11-68 and case 11-73. Pages; 446, 450, and 504. Thank you.

    asked by John Williams on March 10, 2012
  65. Managerial Accounting

    Greetings, I just started my accounting class and I do not have any accounting experience of knowledge (my first acct class). Could you please help me out. I just need the traditional and ABC direct, indirect, and unallocated cost answer for the two

    asked by Angela on January 28, 2012
  66. managerial accounting

    Werntz furniture had actual sales for July and august and forecasted sales for September, October, November and December as follows: Actual: July………………………………………………………….$ 98,000

    asked by mz nailz on October 17, 2011
  67. managerial accounting

    The building and equipment are estimated to cost $1,100,000 (ignore depreciation). The building and equipment have zero estimated residual value at the end of 10 years. Munster’s required rate of return for this project is 12 percent. Net Cash Flow

    asked by jenny on October 12, 2011
  68. Managerial Accounting

    Trottman, M. & Carey, S. (2000, October 19). American’s net soars, but high oil prices sting U.S. Airways. The Wall Street Journal. Submit a paper on one of the major topics listed below using one of the recommended journal articles found in the syllabus

    asked by Narva on February 3, 2011
  69. managerial Accounting

    Theater owners have to make competitive bids for the right to show a movie. They must sent the film distributor a proposal with 1. The length of run they provide. 2. The percentage of box office revenues that the theater will pay the distributor per week.

    asked by Klatoyaa on September 30, 2010
  70. Managerial Accounting

    Which of the following is a characteristic of ABC? 1. improved financial reporting 2. aid to managers in determining product cost 3. used in place of job or process costing 4. use restricted to manufacturing entities

    asked by Jenny on June 1, 2010
  71. Managerial accounting

    For its fiscal year ending October 31, 2008, Molini Corporation reports the following partial data

    asked by Keshia on December 8, 2009
  72. Managerial Accounting

    I have a homework problem that asks me to do the following: 1. Prepare a schedule of total cash collections for October through December. 2. Prepare a schedule of total cash disbursements for October through December. 3. Prepare a cash budget for October

    asked by Jenn on October 6, 2014
  73. managerial accounting

    what is nile's strategy for success in the marketplace ?

    asked by Anonymous on April 22, 2014
  74. Managerial Accounting

    IRR: Even Cash Flows Williams and Park Accounting Practice is considering investing in a new computer system that costs $9,000 and would reduce processing costs by $2,000 a year for the next six years. Required: Calculate the internal rate of return, using

    asked by Lisa on April 13, 2013
  75. Managerial Accounting

    The following information was drawn from the year-end blance sheet of Desoto Company: Account Title` 2012 2011 Investment securities $35,500 $30,000 Equipment 235,000 220,000 Buildings 845,000 962,000 Land 80,000 69,000 Additional Information regarding

    asked by Jean on June 20, 2012
  76. Managerial Accounting

    Help me on the author Garrison in managerial accounting chapter 9 case 23 on the budgets

    asked by Anonymous on April 6, 2008
  77. Managerial Accounting

    John has invested in a machine that cost $70,000, that has a useful life of seven years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a

    asked by Really Need Acc. Help on December 14, 2006
  78. Managerial Accounting

    IRR: Even Cash Flows Williams and Park Accounting Practice is considering investing in a new computer system that costs $9,000 and would reduce processing costs by $2,000 a year for the next six years. Required: Calculate the internal rate of return, using

    asked by Lisa on April 13, 2013
  79. Managerial Accounting

    Why is the salary of a production worker capitalized while the salary of a marketing manger expensed?

    asked by Louis on February 20, 2013
  80. managerial accounting

    Walt ’ s Whistles manufactures referee whistles. At the end of February, Walt ’ s has 2,000 pounds of steel for whistles in inventory. Walt ’ s expects to produce and sell 50,000 whistles in March. Each whistle requires a standard quantity of 0.2

    asked by Hilary on August 4, 2011
  81. managerial accounting

    Submit a paper on one of the major topics listed below using one of the recommended journal articles found in the syllabus as the basis for the paper and incorporating at least two other related articles of the student’s choice: Cost Management

    asked by Esteban on February 20, 2011
  82. Managerial Accounting

    What is your view of the business economics of the Thoroughbred Horse Industry? What are the risk? How should the industry measure success?

    asked by Lisa on November 8, 2010
  83. Managerial Accounting

    Which of the following is not a benefit of implementing ABC:? 1. more accurate cost assignments 2. better cost control 3. cheaper to implement 4. more efficient operations 5. all of the above

    asked by Jenny on June 1, 2010
  84. Managerial Accounting

    The company reported a 6% operating margin on sales, a 12% pretax operating return on total assets, and $500 million of average total assets. I have calculated the operating income to $60,000,000. How do I calculate the total sales and total asset turn

    asked by Marc on January 30, 2010
  85. managerial accounting

    Perpare a flexible overhead budget based on the amounts proceeding. 117,500units & 118,500 units.. Static overhead Budgeted info 117,500 units, Indirect Materials $7,050, Indirect labor was $11,750, Utilities $10,575, Maintenance $5,875, The accounts with

    asked by Shandi on November 26, 2009