1. The need being met by JetBlue is mainly transportation. In today’s world consumers need to be able to travel long-distances quickly and JetBlue’s practices ensure customer comfort/satisfaction along the journey. The wants of JetBlue’s customers are to safely and quickly travel on an airplane. They also want to be comfortable and treated well. JetBlue accomplishes this by providing leather seats and entertainment with great customer service. The demands of this airline’s customers are pretty
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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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| Question : | (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2‚250‚000 and direct labor hours are budgeted at 415‚000 hours. Actual overhead was $2‚200‚000 and actual direct labor hours worked were 422‚000. (a) Calculate the predetermined overhead rate. (b) Calculate the overhead applied. (c) Determine the amount of overhead that is over/underapplied. | | | Student Answer:
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first sentence of the very first paragraph of the paper and this section should give the answer to the question‚ don ’t make your reader hunt for it. Explain why this answer is meaningful or useful. 2. Definition - This section defines the managerial question to be analyzed. It also identifies the possible opportunities and alternatives being evaluated. 3. Factors or Costs - This section describes and identifies factors or costs that will influence the analysis of the questions. This section
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following discussion‚ I will examine how senior management in general and MBA graduates in particular can use the field of Managerial Accounting to make decisions/plan and control employees in order to maximise Profits. For clarity throughout this essay‚ senior managers and MBA graduates should be considered as one in the same. Managerial Accounting Defined Managerial Accounting is the process of using information systems to provide data to senior managers who then use this data for decision-making/planning
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Existing lease accounting standards require lessees to classify their lease contracts as either finance or operating leases. If a lease is classified as a finance lease‚ assets (and liabilities) are recognized in its statement of financial position. For an operating lease‚ the lessee simply recognizes lease payments as an expense over the lease term. This split into finance and operating leases has given rise to a number of problems. The International Accounting Standards Board (IASB) and the
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14th Amendment: After the 13th amendment was ratified‚ all the slaves were set free from their masters. But as time passed‚ the white people still treated them like a minority and in many ways it was as if they were still slaves. Yes‚ they were free to go wherever they wanted without being punished‚ but they were still not able to do many of the things that white people did. It was as if they had never really been freed. The Emancipated slaves suffered through terrible injustices and faced major
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Chapter 6. Master Budget and Responsibility Accounting 6-16 1. Total revenues $5‚623‚500 2. Total revenues $5‚631‚100 6-17 210‚000 6-18 2‚530‚000 6-19 Prod budget–FG 47‚000 units Pur budget–DM 131‚000 gallons 6-20 1. $3‚000‚000 2. 4‚500‚000 units 3. 100‚000 4-gallon units 6-21 1. Wool: 3‚000‚000 skeins; $6‚017‚450 Dye: 50‚000 gal; $249‚850 2. Weaving: $3.3664/DMLH Dyeing: $28.4644/MH 3. $1‚219.11 4a. $200‚000‚000 4b. $190‚000‚000 5a. $121‚928‚300
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Europe in the 14th Century and the Renaissance The 14th century was anything but pleasant for the people living in Europe at the time. There were so many factors and conditions that ultimately helped pave the way for the Renaissance. I will focus on the key influences during this period that contributed to the development of this “rebirth”. The most significant impact that you must address right off the bat is‚ the Black Death. With the plague wiping out nearly one-third of Europe’s population
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compared to these standards (comparing what happened with what should have happened). The differences are called exceptions and are brought up to the management. Variance Analysis Cycle: preparation of standard cost performance reports in the accounting department – highlight variances‚ variances raise questions‚ significant variances are investigated to discover their root causes‚ and finally corrective actions are taken. The cycle repeats with new performance reports. Standard Cost Record:
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