CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
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SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
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1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculated the overhead allocation rate using the 1987 model year budget. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred? Solution: Based on the given info we calculate Overhead Allocation
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Time Value of Money Q1. Mr. Sundaram is planning to retire this year. His company can pay him a lump sum retirement payments of Rs 2‚ 00‚000 or Rs 25‚000 life time annuity whichever he chooses. Mr. Sundaram is in good health and estimates to live for at least 20 more years. If his interest rate is 12%‚ which alternative should he choose? Ans Present Value of Annuity 25000*7.469*1.12 = 2‚09‚132 Which is greater than lump sum value of Rs. 2‚00‚000. So Annuity option is better
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Assignment 3 Question 1 Question 2 Question 3 a) It would be beneficial for the company as a whole if logs were transferred to the Sawing Division at the suggested price of $61.50 per log. CM from selling externally = $75 - $40.50 - $9.50 = $25/unit $25 x 10‚000 units = $250‚000 CM from selling to Sawing division = $122-Trasnfer costs from Harvesting-Production costs = $122-40.50-9.50-35-4.5-2.5 = $30/unit $30 x 10‚000 units = $300‚000 $300‚000 - $250‚000 = $50‚000 The CM is greater
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Thomas Green Paper: Power‚ Office Politics‚ and a Career in Crisis Vanessa D. Goins Grand Canyon University LDR-610-0101 Power‚ Politics‚ and Influence Brian Lahargoue July 20‚ 2013 Thomas Green ‘s actions as a senior market specialist was not meeting Frank Davis’s expectations A senior market specialist job is responsible for identifying industry trends‚ evaluating new business opportunities‚ and establishing sales goals(Sasser & Beckham‚ 2008).Shannon McDonald had hired Green because
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japan and live there ‚I like the Asiatic culture‚ people there live in peace and live in harmony with nature ‚and they are more developed than us ‚and that my reasons behind going there. However when I saw the movie” into the wild” ‚ I liked the Christopher McCandless idea’s to go to the wild ‚ but I disagree with him in many sides .so let us make comparaison
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taught to me by my mother nearly 16 years ago to remember the year Christopher Columbus discovered America. This rhyme along with the names of his three ships: The Nina‚ Pinta‚ and Santa Maria served me well all through grade school‚ high school‚ and part of college when studying this valiant explorer. I say part of college‚ because now here in 2012 I have learned new truths about Christopher Columbus and his expeditions. Christopher Columbus‚ a masterful seaman‚ portrayed as honorable and dedicated
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massive snack industry. So‚ we shouldn’t be surprised that the minor mistake Christopher Columbus made in 1492‚ established the United States of America. However‚ just like the majorly popular previous inventions‚
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were used in preparing the predetermined overhead rate at the beginning of the year: Computer-hours 82‚000 Fixed manufacturing overhead cost $1‚278‚000 Variable manufacturing overhead per computer-hour $3.40 During the year‚ a severe economic recession resulted in cutting back production and a buildup of inventory in the company’s warehouse. The company’s cost records revealed the following actual cost and operating data for the year: Computer-hours 60‚000 Manufacturing overhead
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