Case Study 1 Springfield Express is a luxury passenger carrier in Texas. All seats are first class‚ and the following data are available: Number of seats per passenger train car 90 Average load factor (percentage of seats filled) 70% Average full passenger fare $ 160 Average variable cost per passenger $ 70
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Nestlé – The Infant Formula Incident Summary of Case and Results In response to a pamphlet entitled “Nestlé Kills Babies‚” published in 1974 by the Swiss consumer/activist group‚ Arbeitsgruppe Dritte Welt‚ Nestlé Alimentana filed a four-count libel suit against members of the organization. The pamphlet was a reprint of an earlier one entitled “Bottled Babies‚” published by a similar British group. Both alleged that false advertising had prompted mothers in LDCs to use infant formula instead
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Critique Paper: Case 3-1 Maynard Company October 8‚ 2013 Case Overview: Maynard had been surprised that the cash she had increased by $31‚677 yet her net income was only $19‚635. She asked a friend to help her find out what the reason was‚ so consequently she referred to the income statement and said that she could prepare one for Diane. Her friend also came up with the cost of sales figure which was $39‚345 for the month of June. Problem of the Case: Q1: Income Statement Revenue(Cash Sales
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Accounting 3 & 4 Exercises Set # 1 Lee E. 1. Fred has owned and operated a sole proprietorship for several years. On January 1‚ he decides to terminate this business and become a partner in the firm Sears and Roebucks. Fred’s investment in the partnership consists of P12‚000 in cash‚ and the following assets of the proprietorship: accounts receivable P14‚000 less allowance for doubtful accounts of P2‚000‚ and equipment P20‚000 less accumulated depreciation of P4‚000. It is agreed that the allowance
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COURSE TITLE: Case Studies in Management Accounting COURSE NUMBER: MSAA/MBAA 609 COURSE DESCRIPTION: Develops students’ management accounting techniques and skills needed to make ethical profit-maximizing decisions. Emphasizes data selection‚ analysis‚ decision making and evaluation of results in complex‚ realistic situations. PREREQUISITE COURSES: MBAA 602/MSAA602; Interpreting Accounting Information COURSE OUTCOMES: Upon completion of this course‚ learners should be able to: 1. 2. Use the tools
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------------------------------------------------- Subject: Managerial Accounting Case 1 Seligram In the Seligram case‚ the existing cost accounting system measured two components of cost: direct labor and burden. All burden cost‚ which is the overhead‚ was grouped into a single cost pool and was calculated only by using a burden rate per direct labor dollar. This may cause problems since direct labor and overhead are not consumed by the products in the same proportion. Simply using the same burden
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COST ACCOUNTING-MMS FORMAT OF COST SHEET Opening stock of Raw Material XX Add: Raw material purchased XX Less: Closing Stock of Raw Material XX Raw Material Consumed ZZ Direct Labor XX Direct Expenses. XX PRIME COST ZZ Add: Factory Overheads: Indirect Material XX Indirect Labor XX Indirect Expenses XX GROSS WORKS COST/FACTORY COST ZZ Add: Opening WIP XX Less: Closing WIP XX COST OF GOODS MANUFACTURED
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Ethics in Accounting Mistakes Julia Brewer Acct-530-61365 March 9‚ 2014 The following report will discuss Case 1-8 A Faulty budget included in chapter one of the text book Ethical Obligations and Decision Making in Accounting: Text and Cases‚ 2nd Edition. In this case‚ Jackson Daniels is an accountant for Lynchberg Manufacturing and had been employed there since graduating college a couple years back. Daniels was responsible for creating the sales budget for sales of machines manufactured by
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please make sure that you 1. Submit a single file per weekly assignment‚ be it Excel or Word. 2. Include your name when you “name the file” so that I know who gets the grade and feedback‚ once I have all the files downloaded for grading. I am counting on you to follow these basic efficiency requirements so that am in a position to provide quicker feedback turnaround. Thanks and hope you find the following sample responses helpful in preparing for week-1. Good luck! Student Name:
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for Problems and Cases Chapter 1 No check figures Chapter 2 Problem 2-13 Boxes for packaging: variable‚ direct Problem 2-14 Depreciation: fixed‚ manufacturing overhead‚ sunk Problem 2-15 (3) Cloth used: variable‚ direct Problem 2-16 (1) Cost of goods manufactured: $310‚000 Problem 2-17 No check figure Problem 2-18 (1) Cost of goods manufactured: $290‚000 Problem 2-19 (1) Total variable cost: $321‚000 Problem 2-20 Clay and glaze: variable‚ direct materials Problem 2-21
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