was higher than forecast. How can an analysis of the profit variance highlight those areas needing management attention? The analysis of profit variance can show can highlight those areas that need management attention. Particularly in case of Midwest is that the variance due to operations was unfavorable. This means that areas where the costs have been higher than the budgeted costs require corrective measures. If we consider the manufacturing cost, the variable costs show that milk price variance
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this assignment.” Suresh Nistala Midwest Office Products Friday, July 8th, 2016 Managerial Accounting and Analysis Question 1 Based on the interviews and data in the case, estimate: a) The cost of processing cartons through the facility Total number of cartons that can be processed by Midwest in a year are 80,000. 75,000 cartons processed through freight and the rest 5,000 by desktop delivery option. Personnel expenses incurred by Midwest in a year was $ 2,570,000 which included
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Case 24-4 Midwest Ice Cream Company (A) QUESTIONS Explain in as much detail as possible where all the numbers for Steps 1-4 would come from. (You will need to use your imagination; the case does not describe all details of the profit planning process.) We can get the numbers from the company’s records and its external environment. We can use the following from the company’s records: • Management’s short term and long term plans; • Accounting reports such as financial statements;
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LET ME GO!” she screamed as she slammed the big red door of her not so humble abode, “I need to get some air.” The constant fights with her family were becoming too much for her to handle. Since her mom’s passing a steady tune of profanities and complaints constantly escaped from the cracked windows. What had happened to her life she thought to herself, as she began her walk to paradise springs; the only place she seemed at ease these days. She entered her favorite trail as she usually did, admiring
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Case Study Analysis 2 - Midwest Office Products Questions: Based on the interviews and the data in the case, calculate: a) The cost of processing cartons through the facility. The costs that occur through the facility are warehouse expenses (excluding personnel) and facility/warehouse personnel expenses (excluding truck drivers). The total cost of processing cartons through the facility is $4,320,000. It represents a cost per unit of $54/carton ($29 for warehouse personnel expenses
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also the second question: how an analysis of the profit variance could highlight those areas needing management attention.. The analysis of profit variance can show can highlight those areas that need management attention. Particularly in case of Midwest is that the variance due to operations was unfavorable. This means that areas where the costs have been higher than the budgeted costs require corrective measures. If we consider the manufacturing cost, the variable costs show that milk price variance
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Aaron Wilson, Brittni Henson, Dennie Smyth & Joshua Boatright Midwest Office Products Case ACCT. 6233 October 15, 2012 1. Based on the interviews and data in the case, estimate: a. The cost of processing cartons through the facility The two costs of processing cartons through the facility are warehouse costs and warehouse personnel costs. The total processing costs are $54/carton. Cartons/yr | 80000 | Commercial Freight | 75000 | Desktop Delivery | 5000
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The great flood of 1993 that drowned the Midwest section of America was the worst flood in recorded history of the United States. It took quite a toll on the people, buildings, and land of the Midwest. Many things factored into the flooding, including: the previous’ year precipitation and weather, the current years’ precipitation, the deteriorating wetlands, and the increased amount of levees, dams, and people living in the floodplains. With above average amounts of precipitation in 1992 and cool
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Literature of the American Midwest Joy Harjo Can we separate the artist from the art? If you read something written by Hitler, could you really understand his intent without knowing what the man himself was about? An individual may read thousands of books, articles or poems during their lifetime, but how many of us really try to understand what sort of background or values influence what we are reading? There is a reason that the Literature of the American Midwest is a collection. Each story
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Midwest Farm Supplies Background: • Began operations in 1931 • Provides farming supplies such as • Steady profits for 70years • Distribution centers: ➢ Ohio ➢ Indiana ➢ Illinois ➢ Iowa Environment: • Competitors: ➢ Competitors are getting more computer literate • Suppliers: ➢ Products sold by Midwest are manufactured by other companies but guided by the designs and specifications provided by Midwest
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