Reta Sharfina Tahar 1111002006 Case 4-4 Whiz Calculator Company Questions: 1. From the information given in Exhibits 1 and 3, determine insofar as you can whether each item of expense is (a) variable with sales volume, (b) partly variable with sales volume, (c) variable with some other factors, or (d) not related to output volume at all. 2. What bearing do your conclusions in question 1 have on the type of budgeting system that is most appropriate? 3. Should the proposed sales expense budgeting
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cost pools, identification of cost drivers, calculation of cost application rates. D. Calculation of cost application rates, identification of cost drivers, identification of cost pools, assignment of cost to products. 3. During a recent accounting period, Marty's shipping department processed 26 orders. Each order typically takes four hours to complete; however, the average time increased to five hours because of various departmental inefficiencies. If
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E 1- 12 | | | | | | | | | name of the cost | variable cost | fixed cost | Product cost | period (Selling and adminiatraive) cost | opportunity cost | sunk cost | | | | direct material | direct labor | manufacturing overhead | | | | past rental income | | | | | | | x | | direct materials | x | | x | | | | | | warehouse rental | | x | | | x | x | | | equipment rental | | x | | | x | | | | worker salary | x | | | x |
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Finance Assignment III: Chapter 5 1. Explain the differences between fixed costs, semi fixed costs and variable costs The differences between fixed costs, semi-fixed costs and variable costs has to do with the amount of services provided. Variable costs are cost that are expected to increase and decreases with volume (patient’s days, number of visits, etc...). Fixed costs are costs expected to remain constant regardless of volume. Semi-fixed costs are those that are fixed with in ranges that
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ARTICLES OF PARTNERSHIP OF LEGACY ASSOCIATES KNOW ALL MEN BY THESE PRESENTS: That, we the undersigned, all of legal age and residents of the Republic of the Philippines have agreed to amend a general partnership under the terms and conditions herein after set forth and subject to the provisions of existing laws of the Republic of the Philippines. RECITAL The parties hereto wish: (a) to enter together into the business of purchasing, acquiring, operating, leasing, owning and
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http://homeworkgallery.com/index.php/product/acc-250-entire-course/ ACC 250 Week 1 Assignment Accounting Memo. The software that we use for accounting applications is obsolete. Therefore new accounting software should be acquired as soon as possible. As a result our organization has made room in this year’s budget for the software. ACC 250 Week 1 Checkpoint Choosing Accounting Software. Accounting software is typically designed to handle the needs of four kinds of companies. These are (i)
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ACCOUNTING 5130 SPRING 2016 (8 WEEK) SYLLABUS AND COURSE OUTLINE INSTRUCTOR: Peggy Jimenez, PhD, CPA OFFICE: BLB 329L EMAIL: Peggy.Jimenez@unt.edu (do not email me via Blackboard). I generally respond to student e-mails within 24 hours Monday-Friday. PHONE: 940-369-3093 OFFICE HOURS: Mondays 10:30am-12:00PM and by appointment. During these times I will be in my office and you are welcome to stop by with questions or concerns. If it is more convenient, I can also discuss via e-mail, online
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compared to other two products. Also, there are more variety in the types of flow controllers used in industry. Wilkerson raised flow controller prices by 10%, but there was no effect on demand. Wilkerson’s existing cost system is a simple cost accounting system. According to the case, the overhead costs were allocated to products as the percentage of direct labor cost. Each unit of product was charged for labor cost and direct material. In addition, variable
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Wilkerson operates under a simple job-costing accounting system. It accounts for distinct cost objects. For example, it produces unique and different products for its customers such as valves, pumps and flow controllers. Direct material and labor are directly charged to the product (based on production units) and indirect overhead costs are allocated using one cost pool, direct labor production run time at 300%. The problem with this simple cost accounting system is that the products they make consume
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TUTORIAL #1 Q1. What does the firm’s cash conversion cycle represent? What is the financial manager’s goal with regard to it? Why? Ans: A firms’ cash conversion cycle represents the time it takes a firm to convert investments into cash. The financial manager’s role is to reduce this cycle to reduce cost that can then be reinvested in the firm Q2 How should the firm manage its inventory, accounts receivable, and accounts payable in order to reduce the length of its cash conversion cycle
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