Related Controls Although not isolated to your payroll cycle, your employee’s time data is collected only at the departmental level. By collecting employee time data for individual production centers, production runs, or specific activities, your accounting department will be better able to track your labor expenses to products. Labor is a significant expense for your company. By directing a greater amount of your hourly payroll into your more profitable lines and away from those that are less profitable
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Question1 Monthly production costs in Pesavento Company for two levels of production are as follows. | |Cost |3,000 units |6,000 units | | |Indirect labor |$10,000 | |$20,000 | | | |Supervisory salaries |5,000 | |5,000 | | | |Maintenance |4,000 | |7,000 | |
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Why do we have fluctuating gross margins? Anagene Inc. established itself in an emerging market that features fluctuating sales. The fast growth in the genetics market and the emergence of new customers makes it difficult for our analysts to project future sales. In the past, Anagene sold workstations with four cartridges; however, our current marketing strategy focuses on selling more expensive individual cartridges. Another reason for fluctuating sales margins is customers reusing cartridges
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Mary Wang International Financial Reporting Inventory Case Study In the US GAAP, the broad principle given for inventory cost is “the sum of the applicable expenditures and charges directly or indirectly incurred bringing an article to its existing condition and location.” The paragraphs which we looked at included different principles to follow when trying to pin down inventory costs such as guidelines to determine variable overhead costs, fixed overhead costs and normal production capacity as
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Colin Drury, Management and Cost Accounting - Global Ltd Global Ltd. Susan Richardson (University of Bradford Management Centre) This case study is taken from Ducker, J., Head, A., McDonnell, B., O'Brien, R. and Richardson, S. (1998), A Creative Approach to Management Accounting: Case Studies in Management Accounting and Control, Sheffield Hallam University Press, ISBN 086339 791 3. The author wishes to acknowledge Jayne Ducker and Tony Head for their editorial and developmental contributions
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A)Probability distribution of material cost per unit |Material cost |Probability |Cumulative Probability | |33 |0.18 |0.18 | |35 |0.23 |0.41 | |38 |0.32 |0.73 | |39 |0.27 |1.00 | |Total |1.00 | |
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L-3 Communications is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (i.e. which we will call C3ISR) systems, aircraft modernization and maintenance, and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms (L-3 communications; 2011). The company provides services to the U.S. Department of Defense and its prime contractors, U.S. Government intelligence agencies, the
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1.0 ABSTRACT Managerial Accounting is tools for business decision making. The use of management accounting information is a key for organizational success. This essay will explain on the importance of managerial accounting process in organization to successfully carrying out the day to day as well as long term activities and goals. First, it describes how the evolution and change in managerial accounting. Second, the essay looks at the role of managerial accountants. Third, it explains several
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Bonus Assignment Managerial Accounting Pages 427-428 1-10 1. a) FV= 7000(1+.12)^2=$8,780.8 b) FV=7000(1+.12)^3=$9,834.50 c) FV=7000(1+.12)^8=$17,331.70 2. a) FV= 3000(1+.08)^10=$6,476.77 b) FV= 3000(1+.08)^20=$13,982.90 c) FV=3000(1+.08)^40=$65,173.60 3. a) FVA= (1+.06)^5 – 1 x 1000 = $5,637.09 .06 4. a) FVA= (1+.12)^30 – 1 x 4000 = $965,331 .12 5. a) PV= 1______ x 20,000 =$16,792.40 (1+.06)^3 b) PV= 1______ x 20,000 =$14,099.20
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AC 505 Case Study II Springfield Express Luxury Liner A. What is the break-even point in passengers and revenues per month? Break-even point = Fixed cost / Contribution margin Contribution margin = Revenue - Variable cost per unit = $160 - $70 = $90 Break-even point = $3,150,000/$90 = 35,000 Break-even point in passengers is 35,000. Revenue per month is = Break-even point * selling price = 35,000*160 = $5,600,000 B. What is the break-even point in number
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