management are very sensitive especially when it comes to managing a company’s finances. The waxing and waning of the world economy makes this process even harder as more and more companies are forced to hire the services of skilled analysts at high cost all the while speculating the outcomes of the economy. However‚ with the right tools information and skills‚ a company is guaranteed to stay afloat in a world where businesses keep dropping out of the corporate world. How companies manage their finances
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following standard price and costs for a hardcover picture book that the company produces. a) Master Budget Number of units 30‚000 Sales prices 36 Sales revenue 1‚080‚000 Variable manufacturing costs Materials 9.00 (270‚000) Labor 4.50 (135‚000) Overhead 6.30 (189‚000) Variable G‚S‚&A 7.20 (216‚000) Contribution margin 270‚000 Fixed costs Manufacturing
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have very different market and very different taste‚ so creating jewelry line that will be successful in both countries will be very difficult. Establishing new business in new country with new marketing ideas and sales will result in large upfront cost. 2. Assess each distribution strategy from a qualitative point of view. US Trade shows: Since the retailers personally get to meet the designers and see their products in the booths‚ it creates confidence in the product and its quality thereby
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point cost is equal to revenue which means there is neither loss nor profit at the intersection of sales line and cost line (Frongello). a) As two graphs are provided in the question; the horizontal line shows the fixed cost where the two semi-vertical (upright) lines show variable cost and sales‚ respectively. Provider B has greater fixed cost than provider A because B’s fixed cost line is higher than A’s; therefore‚ provider B has greater fixed costs than provider A. Variable cost is determined
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following costs are treated as part of the cost of product? Wages of plant security guards Insurance on the plant building and equipment All of the above are product costs Depreciation on the kitchen sink in the plant cafeteria 3. If a cost is identical under each alternative under consideration within a given decision context‚ the cost is considered: An outlay cost A sunk cost An opportunity cost An irrelevant cost 4. Which of the following is an example of an activity cost driver
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calculations within Excel cells is acceptable). Save the document‚ and submit it in the appropriate week using the Assignment Submission button. Chapter 4 Exercise 3 3. Cost flows and overhead application Cleveland Metals uses a job cost system and applies factory overhead to production at a predetermined rate of 180% of direct labor cost. Data pertaining to recent operations follow. Job no. 636 was the only job in process on January 1 of the current year. The Work in Process account contained a $24
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Q-1 Selected financial information about Vijay merchant company is given below: Particulars | 2010 (Rs.) | 2009 (Rs.) | Sales | 69‚000 | 43‚000 | Cost of Goods Sold | 57‚000 | 32‚500 | Debtors | 7‚200 | 3‚000 | Inventories | 11‚400 | 5‚500 | Cash | 1‚500 | 800 | Other Current Assets | 4‚000 | 2‚700 | Current Liabilities | 16‚000 | 11‚000 | Compute the current ratio‚ quick ratio‚ and average debt collection period and inventory turnover for 2009 and 2010- State whether there is
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Chapter 6 Lecture Notes Variable Costing and Segment Reporting: Tools for Management JUST ONE THING - the only thing that is different is the cost classification of FMOH FMOH | |Absorption costing (full cost) | | |Variable costing | | | Sales |Product cost (COGS) | Sales |Product cost | |-
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ACC 307: Cost Accounting Fall 2012 Practice Exam II I. TRUE / FALSE 1. A budget generally includes both financial and nonfinancial aspects of the plan. 2. The revenues budget should be based on the production budget. 3. A favorable variance should be ignored by management. 4. The direct manufacturing labor price variance is likely to be unfavorable if lower-skilled workers are put on a job. 5. For fixed overhead costs‚ the flexible-budget amount is always the same as the
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opportunity for growth‚ it also puts a burden on the company because they have no choice but to expand‚ which can cost a lot of time and money. They must take time away from the company to conduct market research and decide where to launch their products. They have to decide on retail outlets‚ price points‚ and they have to compile an estimate of the financial information‚ including exporting costs‚ transportation‚ etc. O(pportunities) – Jewelry designed for a specific type of woman can definitely
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