TEST QUESTIONS: Questions 1-3 refer to the following: The following selected data for March were taken from Rubenstein Company’s financial statements: Cost of goods available for sale Manufacturing overhead Cost of goods manufactured Finished goods inventory ‑ ending Direct materials used Sales Selling and administrative expenses Direct labor Work in process inventory ‑ beginning $ 65‚000 20‚000 51‚000 10‚000 15‚000 105‚000 30‚000 20‚000 0 1. The gross
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=RANDINV() =VLOOKUP() and few more . These are widely used function when I simulated data in excel. In task 1 I find out how to calculate or forecast how much card should we print. I use a random variable with =RAND( function and use =VLOOKUP() function to find out demand from discreet variable called cumulative probabilities. This is discrete because we find out the range by frequency distribution. Then I use if function to calculate disposable cost with =IF (Demand>Production‚(Demand-Production)*Disposable
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Flexible Budgets ACC/543 May 14‚ 2012 Write a paper of no more than 1‚050 words in which you discuss flexible budgets. Explain the relationship between fixed and variable costs used in a flexible budget. (SAID) Discuss the differences between static and flexible budgets and (Cynthia) how a flexible budget lends itself to a cost-volume-profit analysis. Intro and Conclusion/ Compile and Submit Format your paper consistent with APA guidelines Flexible
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analysis will not force a decision‚ of course‚ but it will provide you with additional insights into the effects of important business decisions on your bottom line. Breakeven refers to the level of sales necessary to cover all of the fixed and variable costs. Fixed costs are those costs or expenses that are expected to remain fairly constant over a reasonable period of time. These costs are relatively unaffected by changes in output or sales up to the point where the level of operation reaches
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exhibit1for budget‚ is as under. Total sales (TS) =$864‚000 Total Units (TU) = 18‚000 Total variable costs (TVC) = $512‚800 Total Fixed costs (TFC) = $260‚000 Let the number of motors required to be sold to breakeven = Q Then Q = Total Fixed Costs (TFC) / Contribution Margin per unit (CMU) (Equation 1) CMU = Selling price per unit (SPU) – Variable cost per unit (VCU) (Equation 2) SPU = TS/TU = 864‚000/18‚000 = $48
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division’s monthly costs are shown in the schedule below (Solution and marking guide‚ based on Problem 8.12‚ 6 marks): Manufacturing costs: Variable costs per unit: Direct materials $170 Variable manufacturing overhead $ 18 Fixed manufacturing overhead costs (total) $400‚000 Selling and administrative costs: Variable 18 % of sales Fixed (total) $110‚000 I-way Inc. regards all of its workers as full-time employees and the company has long-
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analysis of two different scenarios at Aunt Connie ’s Cookies Simulation (University of Phoenix‚ 2011) and the financial performance of Jamestown Electric Supply Company (Heiter‚ et. al. 2008). During both analysis I applied concepts like fixed and variable costs‚ contribution margin‚ break-even point‚ indifference point‚ and operating leverage. Aunt Connie ’s Cookies Scenario Simulation The Aunt Connie ’s brand grew successfully producing Lemon Crème and Mint cookies. Maria Villanueva
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BADM4280 Paper Ltd. with a request to make 20‚000 units of a special paper product. The following information is available regarding the BADM4280 Paper division: Selling price of regular paper per unit $80 Variable cost of regular paper per unit 45 Additional variable cost of special paper per unit 25 The textbook division can purchase the special paper from an outside source for $75 per unit‚ plus shipping. The shipping equals $2 per unit. Required: A) Calculate the
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Selling Price (per unit) | 4‚350 | Costs per Unit for Hydraulic Hoists | | | Unit Manufacturing Costs: | | | Variable Materials | 550 | | Variable Labor | 825 | | Variable Overhead | 420 | | Fixed Overhead | 660 | | Total Unit Manufacturing Costs | | $2‚455 | | | | Unit Marketing Costs: | | | Variable | 275 | | Fixed | 770 | | Total Unit Marketing Costs | | 1‚045 | | | | Total Unit Costs | | $3‚500 |
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Revenue‚ Cost Concepts‚ and Market Structure Proposal 2 Abstract The following paper will analyzes Thomas Money Service scenario data and make recommendations to the company’s increasing revenue. This paper will analyze and determine how to fixed variable cost that should to maximize the profits‚ achieve ideal productions levels‚ and identify methods to reduce costs. Recommendations should involve good decision making skills‚ planning‚ teaching‚ coaching‚ educating‚ and analyzing the current products
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