Chapter 9 solutions (P9-28‚ -29‚ -40) 9-28 (10 min.) Capacity management‚ denominator-level capacity concepts. 1. d 2. c‚ d 3. D 4. A 5. C 6. a‚ b 7. A 8. B 9. c‚ d 10. B 11. a‚ b 9-29 (25 min.) Denominator-level problem 1. Budgeted fixed manufacturing overhead costs rates: Budgeted Fixed Budgeted Fixed Denominator Manufacturing Budgeted Manufacturing Level Capacity Overhead per Capacity Overhead Cost -------------------------------------------------
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ACCT504 Case Study 3 on Cash Budgeting The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on. Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing. The LBJ Company has budgeted sales
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ACCT504 - Accounting and Finance: Managerial Use and Analysis | Case Study 2 | Evaluation of LJB Company’s Internal Controls | | [Type the author name] | Due: Feburary 10‚ 2013 | Table of Contents Paragraph Introduction1 Accounting regulations2 Establishing a Control Environment3 Segregation of duties4 Segregation of record keeping form physical custody 5 Policies for petty cash6 Pre-numbered invoices 7 Distribution of paychecks8 Hiring
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Accounting 311 Company Project Part 1 – Company Survey 1. Industry of company surveyed: General Electric 2. Type of Managerial Accounting Used: Job Order Process Costing Other: Explain 3. List 3-5 of the most significant direct Materials from a cost basis: Chemicals spare parts Filter Membrane Rental Trails and Trucks 4. List 3-5 of the most significant direct Labor elements from a cost basis {list skill level – e.g. journeyman mechanic‚ apprentice painter
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Case study II – Internal control Managerial Accounting and Finance – ACCT 504 Keller Graduate School of Management May 2013 Session Date of June 11‚ 2013 Table of Contents Introduction 1 Internal control rules and regulations requirements before going public 1 THE BAD – Things that the company does poorly 2 Recommendations to the President 4 Conclusion 6 Bibliography 7 Case study II – Internal control Introduction Internal control refers to methods‚ techniques and measures
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Question 1 4 out of 4 points | | | Federal funds must be used only for activities that are within the scope of the grant would be a(n)Answer | | | | | Selected Answer: | allowable activity | Correct Answer: | allowable activity | | | | | Question 2 0 out of 4 points | | | In reporting the results of a performance audit‚ it is appropriate for the auditors toAnswer | | | | | | | Correct Answer: | all of the above. | | | | | Question 3 4
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Intermediate Accounting Accounting Cycle Project You have been engaged to perform accounting services for Herman and Sons’ Law Offices. Your responsibilities include maintaining all accounting records and preparing annual financial statements. Herman and Sons’ opened on January 1‚ 2015. During the year‚ the firm had the following transactions: 1. January 2: The owners invested $200‚000 into the business and acquired 25‚000 shares of capital stock in return. 2. January 15: Herman and Sons’ took
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Case 15-1 1) The result for requirement 1 through 3 will vary depending on the date of the financial statement. The analysis will be the same even though the date is different. Lease Obligations shows that the present value of net lease payments for capital lease obligations was $626‚000‚000. 2) The capital lease liability would increase by about 24 if the operating leases were capitalized. Note 6 shows that the future lease payments are about 12 times higher than capital lease. The lease payments
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A Acct 505 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 factory (percentage of seats filled) |70% | |Average full passenger fare | | |$160 | |Average variable cost per passenger
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1. Dorra Corporation manufactures lawnmowers in five work stations. Dorra’s weekly demand is 5‚000 mowers but Dorra can only produce 4‚200. According to the theory of constraints‚ to increase production output Dorra would benefit the most by concentrating improvement efforts on the: A. first work station. B. last work station. C. largest work station. D. slowest work station. 2. Managerial accounting is applicable to A. service entities. B. manufacturing entities. C. not-for-profit entities. D
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