Newest Managerial Accounting Questions | Wyzant Ask An Expert

Managerial Accounting Accounting Accountancy Analysis Of Variance

01/04/15

Direct Labor Rate Variance Accounting Question

Joseph Company requires 6 direct labor hours for each unit produced and pays $20 per hour. During the last month, the company produced 1,000 units of product and paid a total of $87,120 direct... more

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Managerial Accounting Accounting Variance Cost Accounting Systems

01/03/15

Materials Quantity Usage Variance and Labor Efficiency Variance

The Albright Company manufactures rubber parts for the automobile industry. The company had planned to produce 4,750 units according to the November budget. Its material standard specifies a cost... more

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Managerial Accounting Accounting Variance Analysis Of Variance

01/03/15

Standard Machine Hours Allowed For Actual Output

Teana Corporation uses machine hours as its denominator activity for fixed manufacturing overhead. For the most recent year, the company showed the following data: At the beginning of the... more

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Managerial Accounting Accounting Accountancy Variance

01/03/15

Fixed Manufacturing Overhead Volume Variance Accounting

A manufacturer of sound equipment uses a standard costing system with fixed manufacturing overhead applied based on Machine Hours. According to their standards, each unit requires 2 Machine... more

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Managerial Accounting Accounting Accountancy

01/03/15

Manufacturing Overhead Managerial Accounting Question

Atlanta Inc. applies manufacturing overhead based on machine hours. The following information is available at the end of the period: Machine Hours Available at Capacity : 79,000 Machine Hours... more

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Managerial Accounting Accounting Accountancy

01/02/15

Ending Inventory Question Managerial Accounting

The data below regards The Bag House, a store that sells bags. Budgeted Sales (credit) : For January, February, and March, are $420,000, $310,000, and $280,000. Budgeted Collections : 60% in... more

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Managerial Accounting Accounting Accountancy

12/30/14

Cash Borrowing Question Accounting

Foster Inc is wondering if their cash balance might be below their minimum desired balance of $50,000 on May 1. In that case, the company will borrow cash from a bank on the first day of May.... more

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Managerial Accounting Accounting Accountancy

12/30/14

Traditional Costing vs. ABC system Managerial Accounting Question

A company is considering the adoption of an ABC system because the managers suspect that their traditional costing system distorts product costs. The company produces and sells two products,... more

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Managerial Accounting Accounting Accountancy

12/30/14

Percentage of Completion Question Managerial Accounting Need Help

Jimmy Corporation uses the weighted average method in its process costing system. The ending work in process inventory consists of 9,500 units. The ending work in process inventory is 100% complete... more

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Managerial Accounting Accounting

12/29/14

Total Costs Question Need Help

Salem Inc. produces and sells a single product. The company has provided the following information for the month of March. Price : $40.00 Units Sold : 5,700 Variable Cost Per Unit :... more

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Managerial Accounting Accounting

12/29/14

Cost Accounting Break Even Question Need Help

Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of... more

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Managerial Accounting Accountancy

12/28/14

Managerial Accounting Tough Question

Bruce and Company makes a single product. Each unit requires $50 of direct materials. Factory overhead is applied on the 150% of direct labor cost. One-third of the factory overhead is fixed. There... more

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Managerial Accounting Accounting Accountancy

12/28/14

managerial accounting break-even sales revenue question need help

Lincoln Corporation produces and sells two products : Standard and Deluxe. The info on the two products sold for the last month is given below. The common fixed cost is $15,000.Standard : Sales :... more

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Managerial Accounting Accounting

12/25/14

Managerial Accounting Loss Question

Trenton and Company makes a single product requiring $50 of direct materials. Manufacturing overhead is applied using a predetermined overhead of 150% of direct labor cost. One third of... more

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Managerial Accounting Accounting

12/25/14

Sales Revenue Question Managerial Accounting Question

The CEO of Madison. Inc. has provided you with the following information for its operation for 2013. Dollar figures are in thousands. Sales Revenue : $200 Cost of Goods Sold : $120 Total... more

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Managerial Accounting Accounting

12/25/14

Managerial Accounting Target Profit Question

Santa Fe Electronics sells televisions. The average selling price of a TV is $970. The TV's are purchased from manufacturers at an average cost of $680 per unit, which includes shipping. Since... more

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Managerial Accounting

12/02/14

Managerial accounting question

Major Mills is a large manufacturer of breakfast cereal. One of its most popular products is Choco-Bombs, which sells at wholesale for $50/case. The cost to produce is $36.30 per case, as follows:... more

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Managerial Accounting

10/30/14

How many equivalent units for conversion costs were in process March using the weighted average method?

Beginning inventory in March consisted of 20,000 units (60 percent converted) and ending inventory consisted of 40,000 units (30 percent converted). In addition, 100,000 units were started during... more

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Managerial Accounting

05/15/14

Analyse costs in business organisations contexts

Honesty LTD produces and sells a single type of high qualiy wood cupboard. the following is the company's estimated unit data for next year: selling price-OMR300 variable... more

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Managerial Accounting

05/01/14

How do you figure out activity variance

I would like to know how to figure out the activity variance for admimistrative expenses.

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Managerial Accounting

05/01/14

Is lifo, fifo, and weighted average the same as raw materials, work in process, and finished goods

Difference from managerial accounting inventory cost from accounting 1 inventory cost. Are they still considered the same? If not what concepts change.

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Managerial Accounting Math Accounting

03/25/14

Managerial Accounting Homework

Liz Marett is the chief financial officer for Fulton Restaurants. She delivered the following comments in a recent conference call with analysts that follow the company: ... more

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