Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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As a part of my breakfast on Day 1‚ I ate a peanut butter and jelly sandwich. The creamy peanut butter provided both protein and fat for my diet while the multigrain bread provided me with carbohydrates. As I take a bite of the peanut butter and jelly sandwich I crush all three of the macronutrients with my teeth. The role of saliva helps moistens the food while a digestive enzyme in the saliva called salivary amylase (ptyalin) helps breaks down the complex carbohydrates mostly contained in the bread
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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KK Cafe Peanut milk was invented by Jack and Margaret Chang‚ it’s sold in the KK Cafe in San Francisco for $4.50 half a gallon. The Changs call their drink a “miracle‚” due to its healing properties. They claim peanut milk can prevent baldness‚ strengthen cancer patients‚ clear up sinus problems‚ and cure fatigue. Numerous customers also believe that peanut milk can The article is about how drinking peanut milk could possibly be a remedy for health problems various people have. One customer wrote
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Are you hungry? Then have this peanut butter and jelly sandwich (PB&J). It is one of the most popular sandwiches in the United States. You can vary the ingredients on the sandwich. It is an American classic.To get this wonderful sandwich‚ you need to gather the matierials‚ assemble it‚ and then enjoy eating it. First in order to enjoy this sandwich you need to gather your materials. You need extra creamy peanut butter‚ strawberry jelly‚ and bread as the main ingredients. Then you need a knife to
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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In the story of “One Ordinary Day‚ with Peanuts” it starts off Ordinary with a man exiting his house to start off his day like in every persons daily life. A man named Mr. John Philip Johnson walks out his door and starts off his day by walking through streets of what sounds to be New York City by the busy streets and starts helping people in need. His day seems ordinary so far as he walks downs his steps in his newly resoled shoes. He then smiles at everyone who he makes eye contact with and greets
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inventory‚ January 1 $ 22‚000 Plus purchases 183‚000 Merchandise available for sale $ 205‚000 Less merchandise inventory‚ January 31 17‚000 Cost of goods sold $ 188‚000 E1-4 Finished goods‚ July 1 $ 85‚000 Plus cost of goods manufactured 343‚000 Finished goods available for sale $ 428‚000 Less finished goods‚ July 31 93‚000 Cost of goods sold $ 335‚000 E1-5 Selling & Direct Direct Factory Admin. Items Materials Labor Overhead Expense a. Steel used in an
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The luckiest nut in the world Why is the American peanut the luckiest nut in the world? The peanut was introduced to China by Portuguese traders in the 1600s and another variety by American missionaries in the 1800s. They became popular and are featured in many Chinese dishes‚ often being boiled. In the 80’s production began to increase more by 2006 China was the world ’s largest peanut producer. A major factor in this increase has been China’s move away from a communist economic system
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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