------------------------------------------------- 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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FLORIDA STATE COLLEGE AT JACKSONVILLE Syllabus July 1‚ 2013 ACG2071 – Managerial Accounting 3 CREDIT HOURS |Term/Year: |Summer 2013 | |Reference Number: |386887 | |Instructor: |Ann Meuse | |Classroom: |ATC Room TO208 | | |6:00
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FORM B: COURSE PLAN Course Code & Course Title: AACS1733 Information Technology and Systems Programme(s): 1DAC‚ 1DBU‚ 1DMK‚ 1DHR‚ 1DIN‚ 1DLM‚ 1DBF‚ 1DFI‚ 1DEM‚ 1DEC‚1DRM Semester: [ ] May [ ] September [ ] January (please tick “”) Academic Year: 2014/2015 Hours/Week: Lecture ____2___ ‚ Tutorial __1.5_____ ‚ Laboratory/Practical ___-____ Week Topics Reference Material (Books/Titles‚ Journals‚ Web articles‚ etc.) Remarks*
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Chapter 1 Managerial Accounting: Tools for Decision Making Discussion QUESTIONS Q1-1. Financial accounting is oriented toward external users and is concerned with general-purpose financial statements. These financial accounting statements are highly aggregated‚ report on relatively long time periods‚ are oriented toward the past‚ and must conform to external standards. These standards emphasize the use of objective data. Management accounting is oriented toward internal users and is
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of 2‚000 hours of welding time are avail-able annually on the machine. Since each drum requires 0.8 hours of welding time‚ annual production is limited to 2‚500 drums. At present‚ the welding machine is used exclusively to make the XSX drums. The accounting department has provided the following financial data concerning the XSX drums: Management believes 3‚000 XSX drums could be sold each year if the company had sufficient manufacturing capacity. As an alternative to adding another welding machine
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BSAD 526 Managerial Accounting Case 8-35 Introduction Wyndham Stores operates a regional chain of upscale department stores. They plan to open another store in a prosperous and growing suburban area. The company’s Vice President of Marketing is in favor of buying the new building site and building a new building on the property. The projected cost for the new building is $14 million‚ according to the vice president of marketing. The problem with the vice president’s
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rate. (b) Calculate the overhead applied. (c) Determine the amount of overhead that is over/underapplied. | | | Student Answer: | | a) Calculate the predetermined overhead rate. 2250000/415000 = 5.4217 per hour (b) Calculate the overhead applied. 422000 x 5.4217 = 2287952 (c) Determine the amount of overhead that is over/under applied. 2287952-2200000 = 87952 over applied | | Instructor Explanation: | (a) $2‚250‚000 / 415‚000 hours = $5.42 per direct labor hour (DLH) (b) $5.42 DLH
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HOW MANAGERIAL ACCOUNTING ADDS VALUE TO ORGANIZATION 1. INTRODUCTION Management accounting provides accounting and related information to support the management of an organization in its internal decision-making. It includes product costing‚ relevant costing‚ cost-volume-profit analysis‚ capital budgeting‚ and operational‚ tactical‚ and strategic planning. A major activity included in the management accounting is the measurement of costs of processes that create value. Management accounting is
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Capital: Home Depot‚ Inc. Second Project FIN515 – Managerial Finance Instructor: Prof. David Eichenholtz Group: John Okogeri Fiona Harrison-Butts Haider Chaudhry Mia O’Blenis Christopher Cardenas Date: April 5‚ 2015 TABLE OF CONTENTS Introduction 3 company profile 3 WACC calculation 4 explanation of calculation/results 5 Limiting factors 5 Conclusion 6 references 7 Weighted Cost of Capital: Home Depot‚ Inc. Introduction The purpose of this project is to find the Weighted Average
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Managerial Accounting and Control Decision Making: Relevant Costs and Benefits Case 14-62 Roy Kondoy Shella Faye Sportway Corporation • Sportway is a wholesale distributor supplying a wide range of moderately priced sports equipment to large chain stores • Products: 60% purchased‚ 40% manufactured • The company has a Plastics Department that is currently manufacturing molded fishing tackle boxes • Sportway is able to manufacture and sell 8‚000 tackle boxes annually‚ making full use of its direct-labor
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