Name: __________________________ Date: _____________ 1.|Which one of the following sets includes only financial budgets?| || || C)|Budgeted balance sheet and the cash budget| || 2.|Farley Company reported the following information for 2006: | September| October| November| December| January||| | Budgeted sales| $240,000| $310,000| $290,000| $360,000| $200,000||| | Budgeted purchases| $90,000| $120,000| $128,000| $144,000| $88,000 ||| | •| All sales
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RUNNING HEAD: GUILLERMO FURNITURE STORE University of Phoenix Guillermo Furniture Store Guillermo Furniture Store Guillermo Furniture Store has undergone a major critical change within its industry. In order for this organization to stay focused there should be a change that can provide the organization with the best possible ambition to recap the profit and stability that the organization is use to. This paper will recap the cost relationship and behavior, management control systems
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Question 1 $2.70 per machine hour ($338,580 ÷ 125,400). Units completed and transferred out + equivalent units of ending work in process materials = Equivalent unit of production Materials Units Completed and Transferred out conversion costs + Equivalent Units of work in process conversion costs = Equivalent units of production conversion costs Compute the direct materials used for the period, which is equal to the beginning inventory plus material purchases minus ending inventory. Read
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CASE ANALYSIS FinePrint Company is a printing company which specializes in color printing brochures. The company is located in Charlottesville, Virginia. Its main consumers are mainly from central Virginia, with some in southwestern Virginia and Chesapeake Bay area. The owner of FinePrint Company, John Johnson, is presented with an opportunity to expand his company's capacity. In order to do this he must consider whether to outsource some of his printing to another company in Charlottesville
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SML770 Make or Sub-contract Problem SML770 Financial Management Term Project M/s Good Machining Co. Make or Sub-contract Dated: 21st April 2008 Team Members: Name Arvind Kundalia Rahul Jain Sanjeev Thukral Entry No. 2007SMN7096 2007SMN7088 2007SMN7050 Mobile Phone 9910900355 9818031983 9818151991 Email ar_kundalia@yahoo.co.in Rahuljain_k@yahoo.com Sanjeev.thukral@xansa.com Project Mentor: Prof. P.K. Jain Page 1 of 4 SML770 Make or Sub-contract Problem Problem Statement
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1) The contribution margin ratio is 25% for Grain Company and the break-even point in sales is $196,800. To obtain a target net operating income of $78,000, sales would have to be: (Do not round intermediate calculations.) | | $285,000 | | $508,800 | | $274,800 | | $217,200 | 2) Rothe Company manufactures and sells a single product that it sells for $80 per unit and has a contribution margin ratio of 40%. The company's fixed expenses are $46,400. If Rothe desires a monthly
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Material 6,000 6,000 1,000 1,000 Direct Labor 1,500 1,500 250 250 Manufacturing Overhead 1,500 1,500 250 250 Marketing 1,500 1,250 250 250 0 Total VC 10,500 10,250 250 1,750 1,000 Contribution Margin 15,000 13,500 -1,500 2,500 1,000 Fixed Costs Direct labor 3,000 3,000 Manufacturing Overhead 3,375 3,375 Marketing 1,875 1,875 Corporate 3,750 3,750 Total
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RJET 2 Task 4 Competition Bikes Inc (CB) is now making both CarbonLite and Titanium framed bikes and is therefore in need of re-tooling some of the current practices being used. The company currently uses a traditional based costing (TBC), however an activity based costing (ABC) may be more beneficial. Also, the company’s breakeven point with regards to cost volume profit for each bike type is in question, especially since there is the potential for a $50,000 increase to production facility and
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at 2,000 units, and $9,200 at 3,000 units. This cost is a Question 3 options: | |mixed cost | | |step cost | | |variable cost | | |fixed cost | Question 4 (1 point) [pic] Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $195,300, how many dollars of revenue must the company generate in order to reach the break-even point? Your Answer:Question 4 options: | | |Answer | Question 5 (1 point) [pic] Tim Taylor
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or discontinued are irrelevant. 13-8 Not necessarily. An apparent loss may be the result of allocated common costs or of sunk costs that cannot be avoided if the product line is dropped. A product line should be discontinued only if the contribution margin that will be lost as a result of dropping the line is less than the fixed costs that can be avoided. Even in that situation there may be arguments in favor of retaining the product line if its presence promotes the sale of
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