247 Answered Questions for the topic Managerial Accounting

Managerial Accounting

04/12/15

Managerial accounting question
A company assigns overhead cost to completed jobs on the basis of 125% of direct labor cost. The job cost sheet for Job 313 shows that $10,000 in direct materials has been used on the job and that... more
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03/25/15

Accounting help please.
Any business event that might affect the future of a business profitability should be reported on the balance sheet. True or False?
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Managerial Accounting

03/25/15

flexible budgeting and variance analysis case study problesm
1. you are given the following information regarding the nursing department: Budgeted number of patients : 800 actual number of patients : 750 budgeted hourley worker pay rate: $30 actual... more
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Managerial Accounting Accounting

03/24/15

The incremental is $ What was the opportunity cost of accepting the New England Investments group?
Just need to be shown how to Calculate the incremental profit or loss associated with accepting the New England Investments group.   Finn’s Seafood Restaurant has been approached by New England... more
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03/23/15

Accounting Budgeted Expenses Question Will Give Best Answer, Need Help Today
I need detailed help on how to solve, and where each number comes from to obtain correct answer of E)   Orange Corporation makes and sells a single product called the IPax. The demand for IPax... more
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03/20/15

Cost Accounting Standard Hours Question Need Help
Hall Company's standards call for 900 direct labor hours to produce 500 units. During May 400 units were produced. The company worked 700 direct labor hours. The standard hours allowed for May's... more
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Managerial Accounting Retained Earnings

03/15/15

does anyone know how to calculate retained earnings in the beginning of the year? please explain how did u work it out.
At the beginning of the financial year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased by $74 and liabilities decreased by $38. At the end... more
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03/12/15

Calculate Cash Disbursments Question Accounting
Answer was 200,156 but I need help with steps as to why :   Foxglove Company, a growing retailer, is preparing its budget for the first half of the year assuming the following for sales in each... more
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03/11/15

fixed manufacturing overhead managerial accounting
I need detailed help with steps on this two-part problem, the answers were C) and B) respectively but I need assistance with steps as to why :   The Hawkins Company uses a standard costing system... more
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03/11/15

Budgeted Purchases Managerial Accounting Question
I need detailed help with steps on how to solve this, and why answer was B) :   Prestwich Company has budgeted production for next month as follows :   Production In Units : 1st Quarter :... more
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03/11/15

Accounting Net Income Question Need Assistance Will Give Best Answer
I need detailed help with steps on how to find answer, and reason why answer is what it is :   Carpon Lumber sells lumber and general building supplies to building contractors in a medium sized... more
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Managerial Accounting Accounting Management Accounting

02/11/15

Tough Cost Accounting Question Need Help
Assume selling price per unit is $30, the contribution margin ratio is 40%, and the break even point is 5,000 units. What is total amount of fixed costs ?   a) 20,000 b) 30,000 c) 50,000 d)... more
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02/08/15

desperately need help managerial accounting question, will give best rating immediately
The Raleigh Company is located in North Carolina and uses predetermined overhead rates to apply manufacturing overhead costs to jobs. The predetermined overhead rate is based on machine hours in... more
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01/28/15

Relevant Range Question Accounting Need Help
A company's variable cost per unit is $2. It sold 20,000 units and earned $15,000 operating income after a total cost of $55,000. What would be the total operating income the company can earn at a... more
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01/28/15

Net Operating Income Question Accounting Need Help
Mehmet Company sold 60,000 units and earned $40,000 operating income in the current month. Margin of safety in the current month was 20,000 units. The firm's marketing manager suggests that, if the... more
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01/28/15

Total Budgeted Factory Overhead Question , Will Give Best Rating Immediately
The following data are budgeted for Culver Company : April : Sales Units : 12,000 Production Units : 15,000 May : Sales Units : 17,000 Production Units : 16,000 June : Sales Units : 15,000... more
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Managerial Accounting Accounting Accountancy

01/21/15

Managerial Accounting Variance Question Need Help Today!!
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 year... more
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Managerial Accounting Accounting Accountancy

01/19/15

Job Order Costing Question Managerial Accounting
Lavender Corporation uses a job order costing system and applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. The following data are available for August... more
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01/15/15

Return On Investment Question Managerial Accounting Need Help
The Clipper Corporation had net operating income of $380,000 and average operating assets of $2,000,000. The corporation's minimum required return on new projects is 18%. The U.S. division of the... more
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01/15/15

Average Operating Assets Calculation Question Accounting
Last year, our return on investment equaled 20% ; our residual income equaled $50,000, and our minimum required rate of return (cost of capital) was 12%. What were our average operating assets... more
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01/15/15

Operating Division Allocation Question Need Help
Boudrie Corporation's Maintenance Department provides services to the company's two operating divisions : the Paints Division and the Stains Division. The variable costs of the Maintenance... more
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01/14/15

estimated manufacturing overhead question cost accounting need help tonight!, will give best rating, upvotes!
The Turquoise Company uses predetermined overhead to apply manufacturing overhead to jobs. The predetermined overhead is based on labor cost in Department A and machine hours in Department B. At... more
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01/14/15

units sold question managerial accounting need help tonight
Gray Company produces and sells a single product. The information about their operation for the last month is given below. How many units did they sell during the last month ?   Price :... more
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01/14/15

Make or Buy Decision Question Managerial Accounting
Ahron Company makes 8,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows :   Direct Materials : $14.90 Direct Labor :... more
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Managerial Accounting Accounting Accountancy

01/14/15

Hard Managerial Accounting Question Need Help as soon as possible, will give high rating!
Ruland and Company makes a single product. Each unit requires $55 of direct materials. Factory overhead is applied on 150% of direct labor cost. Two third of factory overhead is fixed. The company... more
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