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 margin
Premium Variable cost Net present value Costs
Q1: There are two different types of cost accounting systems: Job order cost systems and process cost systems. How does management decide whether to use a job order cost system or a process cost system in any given manufacturing situation? Explain. Job order cost system is used in situations where many different products are produced each period. For example‚ a Levi Strauss clothing factory would typically make many different types of jeans for both men and women during a month. A particular order
Premium Costs Management accounting Manufacturing
commercial aircraft with a capacity of up to 400 passengers. Lockheed was late to enter the market due to jet engine production delays by Rolls Royce (sole supplier for the Tri-Star). In the early 1970s‚ Lockheed sought a $260 million federal loan guarantee to secure bank credit to complete its L1011 Tri-Star aircraft. Preproduction costs were $960 million during 1967-71. The production phase beginning in 1972 would be in the range of 210 – 300 aircraft‚ and extend as far as 1980. The project was
Premium Boeing Boeing 747 Airbus
5-5 Production Report‚ No Beginning Inventory Wantler Company Mixing Department ------------------------------------------------- Production Report for 2001 Unit Information Units to account for: Units in beginning WIP 0 Units started 75‚000 Units to account for 75‚000 Units accounted for: Equivalent Units Physical Direct Conversion Flow Materials Costs Units completed 75‚000 75‚000 75‚000 Units in ending WIP 12‚000
Premium Costs Total cost Units of measurement
as if they were new. compare the descriptions of managerial behavior in the classical and behavioral models. The classical model suggests that managers perform five classical functions. These functions are planning‚ organizing‚ coordinating‚ deciding‚ and controlling. Although the classical model describes formal managerial functions‚ it does not provide a description of what managers actually do. The behavioral models suggest that managerial behavior is less systematic‚ more informal‚ less reflective
Premium Decision making Decision theory Decision support system
The Manager and Management Accounting BUSI 0028 Sem 2‚ 2012/13 Dr. Olivia Leung © 2012 Pearson Education. All rights reserved. Accounting Discipline Overview Managerial accounting—measures‚ analyzes‚ and reports financial and nonfinancial information to help managers make decisions to fulfill organizational goals. Managerial accounting need not be GAAP compliant. Financial accounting—focus on reporting to external users including investors‚ creditors‚ and governmental
Premium Management accounting Management Decision theory
Extended Certificate in Business |Assignment brief St. Ignatius College | |Unit number and title |Unit 12 Business Online | |Qualification |BTEC Level 2 First Extended Certificate in Business | |Start
Premium Activity Management Task
12-Step/Mutual Support Group Meeting Directions and Requirements Read Chapter 10 in advance of attending the meeting. 1. Students should choose the type of meeting they wish to attend: Alcoholics Anonymous‚ Narcotics Anonymous‚ Overeaters Anonymous‚ Reformers Unanimous etc. Look in Chapter 10 for a list of others. Often these meetings are held at churches‚ shelters‚ and helping agencies. They are offered at various times of the day and multiple times each week. Rocky Mount has some really
Premium Drug addiction Narcotics Anonymous
are manufactured Answers: a. A custom yacht builder – job order costing b. A golf course designer – job order costing c. A potato chip manufacturer – process costing d. A business consultant- job order costing e. A plywood manufacturer – process costing f. A Soft drink bottler- process costing g. A film studio – job order costing h. A firm that supervisors bridge construction projects- job order costing i. A manufacturer of fine custom jewelry- job order costing j
Premium Manufacturing Generally Accepted Accounting Principles Supply chain management terms
CHAPTER 12 Intangible Assets ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions 1. Intangible assets; concepts‚ definitions; items comprising intangible assets. 1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚ 8‚ 9‚ 10‚ 11‚ 12‚ 13‚ 14 2. Patents; franchise; organization costs; trade name. 9‚ 10‚ 13‚ 14‚ 25 3. Goodwill. 4. 5. Brief Exercises Exercises Concepts Problems for Analysis 1‚ 2‚ 3‚ 5‚ 6 1‚ 2‚ 3‚ 4 1‚ 2‚ 3 1‚ 2‚ 3‚ 4‚ 5‚ 7‚ 12‚ 13 4‚ 5‚ 6
Premium Balance sheet Generally Accepted Accounting Principles Goodwill