Case 3: Seligram‚ Inc. Group: Question 2: (a) Burden on labor cost basis Product DL $ Burden =145% *DL $ Total ICA 917.00 1329.65 2246.65 ICB 2051.00 2973.95 5024.95 Capacitor 1094.00 1586.30 2680.30 Amplifier 525.00 761.25 1286.25 Diode 519.00 752.55 1271.55 (b) Burden on two cost pools basis Proposed by MA Burden on MH Total cost Product DL $ Burden =DL $*20% 80$/MH ICA 917.00 183.40 1480 2580.40 ICB 2051.00 410.20 3200 5661.20 Capacitor 1094
Premium Costs
Management Accounting MULTIPLE CHOICE C 1. One of the objectives of management accounting is to provide a. stockholders and potential investors with useful information for decision making b. banks and other creditors with information useful in making credit decisions c. management with information useful for planning and controlling operations d. the Internal Revenue Service with information about taxable income p. 004 D 2. Management accounting is concerned
Premium Management accounting
Seligram Inc. 1. The existing system at ETO began to fail because direct labor hours per lot began to decrease due to vendor certification. Vendors would do the primary testing and ETO would only be required to test a small sample of each lot to verify the results were valid. In the marketplace‚ ETO’s prices were lower than outside competition for testing complex parts‚ yet the prices were higher for elementary testing. Another important factor to consider is that engineering support increased
Premium Depreciation Cost Price
Managerial and Financial Accounting ACCT/300: Principles of Accounting April 9‚ 2008 Managerial and Financial Accounting This paper will attempt to differentiate between managerial and financial accounting‚ the users of managerial and financial accounting and what type of business decisions would be made with the information. Managerial Accounting Managerial accounting provides accounting information to managers who are inside an organization and who directs and controls its operations
Premium Management accounting Management Economics
PREGUNTAS DE PREPARACION CASO SELIGRAM INC. ¿Cuáles son las causas para que el actual sistema (ETO) presente fallas? El sistema de contabilidad de costos actual se basa en una tasa estándar cuya base de asignación (costdriver) es la Mano de Obra directa. La empresa ha sufrido cambios en los cuales la mano de obra ha disminuido su participación en la producción; actualmente existe una mayor participaciciónde mano de obra indirecta y la empresa ha adquirido nuevos equipos para automatizar
Premium
Seligram Case Study Presented To: Dr. Khaled Hegazy Presented By: Mona Abdallah Student ID: 131239 Question 1: What caused the existing system at ETO to fail? The existing cost system failed because of four main reasons. 1-The existing cost system is related to direct labor hour. One cost pool used for cost allocation under assumption: All product lots use direct labor and Overhead in the same proportion. 2- Cost system doesn’t match the complex business model. 3- New trends in
Premium Costs Rectifier
Final Paper: Option 1 MHA 612 Financial & Managerial Accounting Executive Summary The Report describes a proposal for the group of 20 of doctors with regard to the creating a hospital. Due to the 500‚000 population of the city $100 million dollars would actually be a great start. Because the facility would be located 30 miles from the downtown area it would allow the facility to attract patients without being crowded. On the downside this affects its financial position
Premium Health care Medicine Strategic planning
ACT 5733 – Advanced Managerial Accounting Home Work Questions Question #1 CF is the new controller for the consumer division of ABC company. In the past five years‚ ABC’s earnings have grown by at least 15% annually‚ with the consumer division’s earnings growing by over 20% annually over the same time-period. In the 4th quarter of the current year‚ however‚ it is projected that consumer’s income will grow by 8% and ABC’s will grow by 10%. ML‚ consumer division’s president‚ wants CF to take
Premium Cost Marketing Price
+ CONCORDIA UNIVERSITY Course: Managerial Accounting‚ No.: COMM 305 & ACCO. 240 Sections: All Examination: Alternate Final Date: June‚ 2006 No. of Pages: 9 including the cover page Material Allowed: Non-programmable calculators and dictionaries Special Instructions: Answer all multiple choice questions in the Answer Sheet form no. 4521 Return the exam questions with your answers. Student Name: Student ID No
Premium Variable cost Total cost
Abstract: This project consists of a compilation of Managerial Accounting principles and concepts that have been learned throughout the ACCT 202 course. The theory learned was put into practice by using direct Accounting Information from the Nike Corporation‚ as a guideline for our own company‚ Scooter’s Sneakers. By fulfilling the guidelines for the project‚ the group was better able to visualize and understand the techniques and reasoning for the information learned from each Chapter taught in
Premium Expense Revenue Variable cost