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Uop acc 349 week 2 connect problems new
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acc 349 week 2 individual connect problems,uop acc 349 week 2 individual assignment,uop acc 349 week 2 individual assignments,uop acc 349 week 2 dq 3,uop acc 349 week 2 dq 2,uop acc 349 week 2 dq 1,uop acc 349 week 2,acc 349 week 2,uop acc 349,acc 349,uop acc 349 week 2 tutorial,acc 349 week 2 assignment,uop acc 349 week 2 help
Uop acc 349 week 2 connect problems new
acc 349 week 2 individual connect problems,uop acc 349 week 2 individual assignment,uop acc 349 week 2 individual assignments,acc 349 week 2 summary,uop acc 349 week 2 dq 3,uop acc 349 week 2 dq 2,uop acc 349 week 2 dq 1,uop acc 349 week 2,acc 349 week 2,uop acc 349,acc 349,uop acc 349 week 2 tutorial,acc 349 week 2 assignment,uop acc 349 week 2 help
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
acc 560 week 5 dq transfer pricing new,acc 560 week 5 homework chapter 7 and chapter 8 e7-3,e7-7,e7-11,p7-3a,e8-2,e8-6,e8-9,p8-5a new,acc 560 week 5 quiz 3 chapters 5 and 6 new,strayer acc 560,acc 560,strayer acc 560 week 5 tutorial,acc 560 week 5 assignment,strayer acc 560 week 5 help
Stayer acc 560 week 5 homework chapter 7 and chapter 8
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
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Uop acc 349 week 2 connect problems new
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Uop acc 349 week 2 connect problems new
acc 349 week 2 individual connect problems,uop acc 349 week 2 individual assignment,uop acc 349 week 2 individual assignments,acc 349 week 2 summary,uop acc 349 week 2 dq 3,uop acc 349 week 2 dq 2,uop acc 349 week 2 dq 1,uop acc 349 week 2,acc 349 week 2,uop acc 349,acc 349,uop acc 349 week 2 tutorial,acc 349 week 2 assignment,uop acc 349 week 2 help
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
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Stayer acc 560 week 5 homework chapter 7 and chapter 8
acc 560 week 5 dq transfer pricing new,acc 560 week 5 homework chapter 7 and chapter 8 e7-3,e7-7,e7-11,p7-3a,e8-2,e8-6,e8-9,p8-5a new,acc 560 week 5 quiz 3 chapters 5 and 6 new,strayer acc 560,acc 560,strayer acc 560 week 5 tutorial,acc 560 week 5 assignment,strayer acc 560 week 5 help
Stayer acc 560 week 5 homework chapter 7 and chapter 8
acc 560 week 5 dq transfer pricing new,acc 560 week 5 homework chapter 7 and chapter 8 e7-3,e7-7,e7-11,p7-3a,e8-2,e8-6,e8-9,p8-5a new,acc 560 week 5 quiz 3 chapters 5 and 6 new,strayer acc 560,acc 560,strayer acc 560 week 5 tutorial,acc 560 week 5 assignment,strayer acc 560 week 5 help
Stayer acc 560 week 5 homework chapter 7 and chapter 8
acc 560 week 5 dq transfer pricing new,acc 560 week 5 homework chapter 7 and chapter 8 e7-3,e7-7,e7-11,p7-3a,e8-2,e8-6,e8-9,p8-5a new,acc 560 week 5 quiz 3 chapters 5 and 6 new,strayer acc 560,acc 560,strayer acc 560 week 5 tutorial,acc 560 week 5 assignment,strayer acc 560 week 5 help
American Guitar Company manufactures two different high quality ac.docx
American Guitar Company manufactures two different high quality acoustic guitars for retailers: beginner model and professional model. The company has two service departments: the maintenance department and the power department, and two manufacturing departments: the construction department and the finishing department. American Guitar chooses the reciprocal method to allocate service department costs. It uses operation costing to assign direct materials and conversion costs to its products, and absorption costing with normal costs for external reporting purposes.
In the Construction Department, the wooden guitars are built by highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars also are tuned and inspected in the Finishing Department
. American Guitar estimates to have an annual practical capacity of 6000 guitars (1500 units of professional model and 4500 units of beginner model). The budgeted sales for 2013 are 1300 units professional model and 4300 units of beginner model. The diagram below depicts the manufacturing process.
The following historical information has been collected from American Guitar's accounting information systems:
2009
2010
2011
2012
Annual sales
4146(B) & 1611(P)
4456(B) & 1256(P)
4668(B) & 1322(P)
4075(B) & 1300(P)
July sales
393(B) & 183(P)
398(B) & 163(P)
405(B) & 168(P)
372(B) & 155(P)
2012
Total Overhead ($)
Total DLH of the two manufacturing departments
January
134,000
2,210
February
137,000
2,280
March
148,000
2,510
April
155,000
2,790
May
157,000
2,980
June
165,000
3,590
July
169,000
3,490
August
168,000
3,030
September
163,000
3,040
October
157,000
3,380
November
139,000
2,420
December
133,000
2,100
Total
1,825,000
33,820
American Guitar’s direct
and indirect MOH costs for the two service and two manufacturing departments in 2012:
Power Department
Maintenance Department
Construction Department
Finishing
Department
Total Amount
Labor-hours
2022
2032
18950
14870
37,874
Kilowatt-hours
2,000
7,000
40,800
30,200
80,000
Maintenance hours
140
60
800
1,000
2,000
Direct fixed costs
$60,000
$36,000
$480,000
$432,000
$1,008,000
Direct variable costs
$58,000
$40,000
$346,800
$358,200
$803,000
Indirect fixed costs
$9,600
Indirect variable costs
$4,400
American Guitar does not expect significant changes in its manufacturing costs in 2013.
At the end of June 2013, the balance in American Guitar’s Materials Inventory account, which included 150 pounds of grade A veneered wood, was $2,640; the balance in the finished-goods inventory, which was valuated using the last-in, first-out (LIFO) method, consisted of 2 models, was $16,600.
Quantity and Unit Cost
Beginner model
20 units @ $430 each
Professional model
10 units @ $800 each
The following pertains to the month of July.
1. There were no beginning inventories in both manufacturing departments.
.
American Guitar Company manufactures two different high quality ac.docx
American Guitar Company manufactures two different high quality acoustic guitars for retailers: beginner model and professional model. The company has two service departments: the maintenance department and the power department, and two manufacturing departments: the construction department and the finishing department. American Guitar chooses the reciprocal method to allocate service department costs. It uses operation costing to assign direct materials and conversion costs to its products, and absorption costing with normal costs for external reporting purposes.
In the Construction Department, the wooden guitars are built by highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars also are tuned and inspected in the Finishing Department
[1]
. American Guitar estimates to have an annual practical capacity of 6000 guitars (1500 units of professional model and 4500 units of beginner model). The budgeted sales for 2013 are 1300 units professional model and 4300 units of beginner model. The diagram below depicts the manufacturing process.
The following historical information has been collected from American Guitar's accounting information systems:
2009
2010
2011
2012
Annual sales
4146(B) & 1611(P)
4456(B) & 1256(P)
4668(B) & 1322(P)
4075(B) & 1300(P)
July sales
393(B) & 183(P)
398(B) & 163(P)
405(B) & 168(P)
372(B) & 155(P)
2012
Total Overhead ($)
Total DLH of the two manufacturing departments
[2]
January
134,000
2,210
February
137,000
2,280
March
148,000
2,510
April
155,000
2,790
May
157,000
2,980
June
165,000
3,590
July
169,000
3,490
August
168,000
3,030
September
163,000
3,040
October
157,000
3,380
November
139,000
2,420
December
133,000
2,100
Total
1,825,000
33,820
American Guitar’s direct
[3]
and indirect MOH costs for the two service and two manufacturing departments in 2012:
Power Department
[4]
Maintenance Department
[5]
Construction Department
Finishing
Department
Total Amount
Labor-hours
2022
2032
18950
14870
37,874
Kilowatt-hours
2,000
7,000
40,800
30,200
80,000
Maintenance hours
140
60
800
1,000
2,000
Direct fixed costs
$60,000
$36,000
$480,000
$432,000
$1,008,000
Direct variable costs
$58,000
$40,000
$346,800
$358,200
$803,000
Indirect fixed costs
$9,600
Indirect variable costs
$4,400
American Guitar does not expect significant changes in its manufacturing costs in 2013.
At the end of June 2013, the balance in American Guitar’s Materials Inventory account, which included 150 pounds of grade A veneered wood, was $2,640; the balance in the finished-goods inventory, which was valuated using the last-in, first-out (LIFO) method, consisted of 2 models, was $16,600.
Quantity and Unit Cost
Beginner model
20 units @ $430 each
Professional model
10 units @ $800 each
The following pertains to the month of July.
There were no beginning inventories in both manufacturing dep.
Acc 543 Teaching Effectively--tutorialrank.com
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• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government not-for-profit organizations.
• What are the primary sources of funding for the organization
ACC 543 Enhance teaching - tutorialrank.com
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• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government
American Guitar Company manufactures two different high qualit.docx
American Guitar Company manufactures two different high quality acoustic guitars for retailers: beginner model and professional model. The company has two service departments: the maintenance department and the power department, and two manufacturing departments: the construction department and the finishing department. American Guitar chooses the reciprocal method to allocate service department costs. It uses operation costing to assign direct materials and conversion costs to its products, and absorption costing with normal costs for external reporting purposes.
In the Construction Department, the wooden guitars are built by highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars also are tuned and inspected in the Finishing Department
[1]
. American Guitar estimates to have an annual practical capacity of 6000 guitars (1500 units of professional model and 4500 units of beginner model). The budgeted sales for 2013 are 1300 units professional model and 4300 units of beginner model. The diagram below depicts the manufacturing process.
The following historical information has been collected from American Guitar's accounting information systems:
2009
2010
2011
2012
Annual sales
4146(B) & 1611(P)
4456(B) & 1256(P)
4668(B) & 1322(P)
4075(B) & 1300(P)
July sales
393(B) & 183(P)
398(B) & 163(P)
405(B) & 168(P)
372(B) & 155(P)
2012
Total Overhead ($)
Total DLH of the two manufacturing departments
[2]
January
134,000
2,210
February
137,000
2,280
March
148,000
2,510
April
155,000
2,790
May
157,000
2,980
June
165,000
3,590
July
169,000
3,490
August
168,000
3,030
September
163,000
3,040
October
157,000
3,380
November
139,000
2,420
December
133,000
2,100
Total
1,825,000
33,820
American Guitar’s direct
[3]
and indirect MOH costs for the two service and two manufacturing departments in 2012:
Power Department
[4]
Maintenance Department
[5]
Construction Department
Finishing
Department
Total Amount
Labor-hours
2022
2032
18950
14870
37,874
Kilowatt-hours
2,000
7,000
40,800
30,200
80,000
Maintenance hours
140
60
800
1,000
2,000
Direct fixed costs
$60,000
$36,000
$480,000
$432,000
$1,008,000
Direct variable costs
$58,000
$40,000
$346,800
$358,200
$803,000
Indirect fixed costs
$9,600
Indirect variable costs
$4,400
American Guitar does not expect significant changes in its manufacturing costs in 2013.
At the end of June 2013, the balance in American Guitar’s Materials Inventory account, which included 150 pounds of grade A veneered wood, was $2,640; the balance in the finished-goods inventory, which was valuated using the last-in, first-out (LIFO) method, consisted of 2 models, was $16,600.
Quantity and Unit Cost
Beginner model
20 units @ $430 each
Professional model
10 units @ $800 each
The following pertains to the month of July.
There were no beginning inventories in both manufacturin.
MA - CH10 HW2 1.value12.50 pointsDue to evaporation d.docx
MA - CH10 HW2
1.
value:
12.50 points
Due to evaporation during production, Plano Plastics Company requires 8 pounds of material input for every 7 pounds of good plastic sheets manufactured. During May, the company produced 4,200 pounds of good sheets.
Required:
Compute the total standard allowed input quantity, given the good output produced.
Standard allowed input quantity
pounds
2.
value:
12.50 points
Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Input all amounts as positive values. Round the "Standard quantity per unit of output for Direct Material" to 2 decimal places. Omit the "$" sign in your response.)
Direct Labor
Direct Material
Standard price or rate per unit of input
$
per hr
$
8
per lb
Standard quantity per unit of output
hrs per unit
lbs per unit
Actual quantity used per unit of output
3.5
hrs
lbs per unit
Actual price or rate per unit of input
$
21
per hr
$
7
per lb
Actual output
10,000
units
10,000
units
Direct-material price variance
$
30,000
F
Direct-material quantity variance
$
U
Total of direct-material variances
$
10,000
F
Direct-labor rate variance
$
U
Direct-labor efficiency variance
$
100,000
F
Total of direct-labor variances
$
65,000
F
3.
value:
12.50 points
Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an effort to provide quality service, he has concentrated solely on the design and installation of upscale landscaping plans (e.g., trees, shrubs, fountains, and lighting). With his clients continually requesting additional services, Sal recently expanded into lawn maintenance, including fertilization.
The following data relate to his first year’s experience with 55 fertilization clients:
•
Each client required six applications throughout the year and was billed $40 per application.
•
Two applications involved Type I fertilizer, which contains a special ingredient for weed control. The remaining four applications involved Type II fertilizer.
•
Sal purchased 5,000 pounds of Type I fertilizer at $.53 per pound and 10,000 pounds of Type II fertilizer at $.40 per pound. Actual usage amounted to 3,700 pounds of Type I and 7,800 pounds of Type II.
•
A new, part-time employee was hired to spread the fertilizer. Sal had to pay premium wages of $11.50 per hour because of a very tight labor market; the employee logged a total of 165 hours at client residences.
•
Based on previous knowledge of the operation, articles in trade journals, and conversations with other landscapers, Sal established the following standards:
Fertilizer purchase price per pound: Type I, $.50; Type II, $.42
Fertilizer usage: 40 pounds per application
Typical hourly wage rate ...
ACC 543 Effective Communication/tutorialrank.com
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www.tutorialrank.com
• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government not-for-profit organizations.
• What are the primary sources of funding for the organization? How are the revenues classified? Be sure to include dollar amounts.
Question 1 of 402.5 PointsCapital Manufacturing designs and ma.docx
Question 1 of 40
2.5 Points
Capital Manufacturing designs and manufactures bathtubs for home and commercial applications. Capital recorded the following data for its commercial bathtub production line during the month of March.
Standard DL hours per tub
3
Standard overhead rate per DL hour
$6.50
Standard overhead cost per unit
$19.50
Actual overhead costs
$22,750
Actual DL hours
3,250
Actual overhead cost per machine hour
$7.00
Actual tubs produced
1,100
What is the variable manufacturing overhead efficiency variance for March?
A. $1,625 unfavorable
B. $325 unfavorable
C. $1,625 favorable
D. $325 favorable
Question 2 of 40
2.5 Points
Which of the following formulas is used to compute variable overhead rate (or spending) variance?
A. Actual hours x (actual rate – standard rate)
B. Standard hours allowed x (actual rate – standard rate)
C. Actual rate x (actual hours – standard hours allowed)
D. Standard rate x (actual hours – standard hours allowed)
Question 3 of 40
2.5 Points
How is the direct labor efficiency variance calculated?
A. The difference between the standard labor hours allowed and the actual labor hours used multiplied by the actual labor rate
B. The difference between the standard labor hours allowed and the actual labor hours used multiplied by the standard labor rate
C. The difference between the standard labor hours and the actual labor hours used
D. The difference between the standard labor rate and the actual labor rate
Question 4 of 40
2.5 Points
Myles Company budgeted 10,500 pounds of direct materials costing $23.50 per pound to make 5,300 units of product. The company actually purchased 11,000 pounds of direct materials costing $25 per pound to make the 5,300 units. What is the direct materials price variance?
A. $16,500 favorable
B. $16,500 unfavorable
C. $15,750 unfavorable
D. $15,750 favorable
Question 5 of 40
2.5 Points
A company produced 2,200 units of output during a production process that normally requires 2 hours of labor per unit of output. The standard labor rate is $16 per hour, but the company paid $15 per hour. Actual hours needed to complete the production process were 4,600. How much was the labor rate variance?
A. $4,400 favorable
B. $4,400 unfavorable
C. $4,600 favorable
D. $4,600 unfavorable
Question 6 of 40
2.5 Points
How is the variable manufacturing overhead efficiency variance calculated?
A. The difference between the actual overhead rate and the standard overhead rate multiplied by the standard overhead rate
B. The difference between the standard hours allowed and the actual hours used multiplied by the standard overhead rate
C. The difference between the standard hours allowed and the actual hours used
D. The difference between the standard hours allowed and the actual hours used multiplied by the actual overhead rate
Question 7 of 40
2.5 Points
A company uses a single raw material in its production process. The standard pric ...
ACC 349 PAPER Become Exceptional--acc349paper.com
is a truly special teacher is very wise and sees tomorrow in every student’s eyes
Mid-Term AssignmentWritten assignment (essay and calculations)
Mid-Term Assignment
Written assignment (essay and calculations)
Activity brief
BCO322 – Budgeting and Control
Online campus
Professor: Senen Garcia | [email protected]
Description
Your knowledge will be tested on the content of week 1 to 6 of the course.
Format
This activity must meet the following formatting requirements:
· Font size 12
· 1200 - 2200 words
· Harvard Referencing System
Due date
Date: Monday 15 March 2021
Time: 14:00 CET
Weight towards final grade
This activity has a weight of 40% towards the final grade.
Learning outcomes
· Outcome One: Classification of costs
· Outcome Two: Cost of Finished Goods
· Outcome Three: Cost of Goods Sold
· Outcome Four: Job order and process costing
· Outcome Five: Cost Volume Profit Analysis-Cost per unit
· Outcome Six: Cost Volume Profit Analysis-Breakeven Analysis
· Outcome Seven:Cost Volume Profit Analysis-Margin of Safety
· Outcome Eight:Cost Volume Profit Analysis-operating income with different volumes
Assessment criteria
· Answers should be clear and well presented (Provide spacing between paragraphs, number your questions correctly)
· Remember to in-text reference and provide your referencing at the end.
· Referencing should be Harvard Style
· Show all calculations
· Cannot submit photos. May use MS Word, MS Excel, Adobe Acrobat, or similar software.
Questions:
QUESTION 1
1.1. Classification of costs
Using the code letters below, indicate in the space provided how each of the following costs should be classified for a pen manufacturing company:
Costs
____ (a) Property tax on the factory building.
____ (b) The chief financial officer's salary.
____ (c) Plastic used to manufacture pens.
____ (d) Janitors at the factory.
____ (e) Manufactured pens waiting to be sold to customers.
____ (f) Advertising logos.
____ (g) Partially completed pens.
QUESTION 2
2. The following information has been taken from the perpetual inventory system of Imperial Mfg. Co. for the month ended September 30:
2.1. What does the total amount of inventory to be included in Imperial's September 30th balance sheet amounts to:
2.2. What are the Total manufacturing costs charged (debited) to Work in Process during September:
2.3. Calculate the cost of finished goods manufactured in September
2.4. Calculate the cost of goods sold in September:
QUESTION 3
3.1. There are two distinct types of cost accounting systems: job order costing systems and process costing systems. How does management decide whether to use a job order costing system or a process costing system in any given manufacturing situation? Explain briefly.
3.2. Job order cost system
Century Pools designs and builds custom pools and spas to the customer's order and uses a job order system. The predetermined overhead rate for the current year is 60% of direct labor cost.
At the end of the current year, Century Pools' direct labor cost totaled $170,000 and actual overhead amounted to $105,000.
A pool built for F. Becker required $32 ...
Acc 349 Enhance teaching-snaptutorial.com
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
Acc 349 Exceptional Education / snaptutorial.com
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
Acc 349 Exceptional Education / snaptutorial.com
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
Acc 349 Effective Communication / snaptutorial.com
What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
Management of Modugno Corporation is considering whether to p.docx
Management of Modugno Corporation is considering whether to purchase a new model 370 machine costing $464,000 or a new model 240 machine costing $405,000 to replace a machine that was purchased 10 years ago for $439,000. The old machine was used to make product M25A until it broke down last week. Unfortunately, the old machine cannot be repaired.
Management has decided to buy the new model 240 machine. It has less capacity than the new model 370 machine, but its capacity is sufficient to continue making product M25A.
Management also considered, but rejected, the alternative of simply dropping product M25A. If that were done, instead of investing $405,000 in the new machine, the money could be invested in a project that would return a total of $456,000.
In making the decision to invest in the model 240 machine, the opportunity cost was:
$405,000
$456,000
$464,000
$439,000
Salvadore Inc., a local retailer, has provided the following data for the month of September:
Merchandise inventory, beginning balance
$44,500
Merchandise inventory, ending balance
$43,200
Sales
$263,100
Purchases of merchandise inventory
$137,600
Selling expense
$17,000
Administrative expense
$60,900
The cost of goods sold for September was:
$137,600
$136,300
$215,500
$138,900
The following costs were incurred in September:
Direct materials
$42,200
Direct labor
$32,800
Manufacturing overhead
$25,400
Selling expenses
$18,800
Administrative expenses
$40,200
Conversion costs during the month totaled:
$58,200
$75,000
$159,400
$67,600
Management of Lewallen Corporation has asked your help as an intern in preparing some key reports for September. Direct materials cost was $61,000, direct labor cost was $47,000, and manufacturing overhead was $75,000. Selling expense was $19,000 and administrative expense was $36,000.
The conversion cost for September was:
$122,000
$141,000
$183,000
$116,000
Gambarini Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $214.90 per unit.
Sales volume (units)
8,100
10,020
Cost of sales
$664,200
$821,640
Selling and administrative costs
$613,100
$649,580
The best estimate of the total monthly fixed cost is:
$459,200
$1,471,220
$1,277,300
$1,323,260
Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.
Production volume
9,500
units
11,000
units
Direct materials
$575,700
$666,600
Direct labor
$156,750
$181,500
Manufacturing overhead
$1,009,000
$1,032,400
The best estimate of the total monthly fixed manufacturing cost is: (Do not round intermediate calculations.)
$860,800
$868,300
$857,800
$863,800
Nikkel Corporation, a merchandising company, reported the following results for.
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which
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Ethics Case BYP 1-6
(a) Who are the stakeholders in this situation?
b) What are the ethical issues involved in this situation?
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American Guitar Company manufactures two different high quality ac.docx
American Guitar Company manufactures two different high quality acoustic guitars for retailers: beginner model and professional model. The company has two service departments: the maintenance department and the power department, and two manufacturing departments: the construction department and the finishing department. American Guitar chooses the reciprocal method to allocate service department costs. It uses operation costing to assign direct materials and conversion costs to its products, and absorption costing with normal costs for external reporting purposes.
In the Construction Department, the wooden guitars are built by highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars also are tuned and inspected in the Finishing Department
. American Guitar estimates to have an annual practical capacity of 6000 guitars (1500 units of professional model and 4500 units of beginner model). The budgeted sales for 2013 are 1300 units professional model and 4300 units of beginner model. The diagram below depicts the manufacturing process.
The following historical information has been collected from American Guitar's accounting information systems:
2009
2010
2011
2012
Annual sales
4146(B) & 1611(P)
4456(B) & 1256(P)
4668(B) & 1322(P)
4075(B) & 1300(P)
July sales
393(B) & 183(P)
398(B) & 163(P)
405(B) & 168(P)
372(B) & 155(P)
2012
Total Overhead ($)
Total DLH of the two manufacturing departments
January
134,000
2,210
February
137,000
2,280
March
148,000
2,510
April
155,000
2,790
May
157,000
2,980
June
165,000
3,590
July
169,000
3,490
August
168,000
3,030
September
163,000
3,040
October
157,000
3,380
November
139,000
2,420
December
133,000
2,100
Total
1,825,000
33,820
American Guitar’s direct
and indirect MOH costs for the two service and two manufacturing departments in 2012:
Power Department
Maintenance Department
Construction Department
Finishing
Department
Total Amount
Labor-hours
2022
2032
18950
14870
37,874
Kilowatt-hours
2,000
7,000
40,800
30,200
80,000
Maintenance hours
140
60
800
1,000
2,000
Direct fixed costs
$60,000
$36,000
$480,000
$432,000
$1,008,000
Direct variable costs
$58,000
$40,000
$346,800
$358,200
$803,000
Indirect fixed costs
$9,600
Indirect variable costs
$4,400
American Guitar does not expect significant changes in its manufacturing costs in 2013.
At the end of June 2013, the balance in American Guitar’s Materials Inventory account, which included 150 pounds of grade A veneered wood, was $2,640; the balance in the finished-goods inventory, which was valuated using the last-in, first-out (LIFO) method, consisted of 2 models, was $16,600.
Quantity and Unit Cost
Beginner model
20 units @ $430 each
Professional model
10 units @ $800 each
The following pertains to the month of July.
1. There were no beginning inventories in both manufacturing departments.
.
American Guitar Company manufactures two different high quality ac.docx
American Guitar Company manufactures two different high quality acoustic guitars for retailers: beginner model and professional model. The company has two service departments: the maintenance department and the power department, and two manufacturing departments: the construction department and the finishing department. American Guitar chooses the reciprocal method to allocate service department costs. It uses operation costing to assign direct materials and conversion costs to its products, and absorption costing with normal costs for external reporting purposes.
In the Construction Department, the wooden guitars are built by highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars also are tuned and inspected in the Finishing Department
[1]
. American Guitar estimates to have an annual practical capacity of 6000 guitars (1500 units of professional model and 4500 units of beginner model). The budgeted sales for 2013 are 1300 units professional model and 4300 units of beginner model. The diagram below depicts the manufacturing process.
The following historical information has been collected from American Guitar's accounting information systems:
2009
2010
2011
2012
Annual sales
4146(B) & 1611(P)
4456(B) & 1256(P)
4668(B) & 1322(P)
4075(B) & 1300(P)
July sales
393(B) & 183(P)
398(B) & 163(P)
405(B) & 168(P)
372(B) & 155(P)
2012
Total Overhead ($)
Total DLH of the two manufacturing departments
[2]
January
134,000
2,210
February
137,000
2,280
March
148,000
2,510
April
155,000
2,790
May
157,000
2,980
June
165,000
3,590
July
169,000
3,490
August
168,000
3,030
September
163,000
3,040
October
157,000
3,380
November
139,000
2,420
December
133,000
2,100
Total
1,825,000
33,820
American Guitar’s direct
[3]
and indirect MOH costs for the two service and two manufacturing departments in 2012:
Power Department
[4]
Maintenance Department
[5]
Construction Department
Finishing
Department
Total Amount
Labor-hours
2022
2032
18950
14870
37,874
Kilowatt-hours
2,000
7,000
40,800
30,200
80,000
Maintenance hours
140
60
800
1,000
2,000
Direct fixed costs
$60,000
$36,000
$480,000
$432,000
$1,008,000
Direct variable costs
$58,000
$40,000
$346,800
$358,200
$803,000
Indirect fixed costs
$9,600
Indirect variable costs
$4,400
American Guitar does not expect significant changes in its manufacturing costs in 2013.
At the end of June 2013, the balance in American Guitar’s Materials Inventory account, which included 150 pounds of grade A veneered wood, was $2,640; the balance in the finished-goods inventory, which was valuated using the last-in, first-out (LIFO) method, consisted of 2 models, was $16,600.
Quantity and Unit Cost
Beginner model
20 units @ $430 each
Professional model
10 units @ $800 each
The following pertains to the month of July.
There were no beginning inventories in both manufacturing dep.
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• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government not-for-profit organizations.
• What are the primary sources of funding for the organization
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• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government
American Guitar Company manufactures two different high qualit.docx
American Guitar Company manufactures two different high quality acoustic guitars for retailers: beginner model and professional model. The company has two service departments: the maintenance department and the power department, and two manufacturing departments: the construction department and the finishing department. American Guitar chooses the reciprocal method to allocate service department costs. It uses operation costing to assign direct materials and conversion costs to its products, and absorption costing with normal costs for external reporting purposes.
In the Construction Department, the wooden guitars are built by highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars also are tuned and inspected in the Finishing Department
[1]
. American Guitar estimates to have an annual practical capacity of 6000 guitars (1500 units of professional model and 4500 units of beginner model). The budgeted sales for 2013 are 1300 units professional model and 4300 units of beginner model. The diagram below depicts the manufacturing process.
The following historical information has been collected from American Guitar's accounting information systems:
2009
2010
2011
2012
Annual sales
4146(B) & 1611(P)
4456(B) & 1256(P)
4668(B) & 1322(P)
4075(B) & 1300(P)
July sales
393(B) & 183(P)
398(B) & 163(P)
405(B) & 168(P)
372(B) & 155(P)
2012
Total Overhead ($)
Total DLH of the two manufacturing departments
[2]
January
134,000
2,210
February
137,000
2,280
March
148,000
2,510
April
155,000
2,790
May
157,000
2,980
June
165,000
3,590
July
169,000
3,490
August
168,000
3,030
September
163,000
3,040
October
157,000
3,380
November
139,000
2,420
December
133,000
2,100
Total
1,825,000
33,820
American Guitar’s direct
[3]
and indirect MOH costs for the two service and two manufacturing departments in 2012:
Power Department
[4]
Maintenance Department
[5]
Construction Department
Finishing
Department
Total Amount
Labor-hours
2022
2032
18950
14870
37,874
Kilowatt-hours
2,000
7,000
40,800
30,200
80,000
Maintenance hours
140
60
800
1,000
2,000
Direct fixed costs
$60,000
$36,000
$480,000
$432,000
$1,008,000
Direct variable costs
$58,000
$40,000
$346,800
$358,200
$803,000
Indirect fixed costs
$9,600
Indirect variable costs
$4,400
American Guitar does not expect significant changes in its manufacturing costs in 2013.
At the end of June 2013, the balance in American Guitar’s Materials Inventory account, which included 150 pounds of grade A veneered wood, was $2,640; the balance in the finished-goods inventory, which was valuated using the last-in, first-out (LIFO) method, consisted of 2 models, was $16,600.
Quantity and Unit Cost
Beginner model
20 units @ $430 each
Professional model
10 units @ $800 each
The following pertains to the month of July.
There were no beginning inventories in both manufacturin.
MA - CH10 HW2 1.value12.50 pointsDue to evaporation d.docx
MA - CH10 HW2
1.
value:
12.50 points
Due to evaporation during production, Plano Plastics Company requires 8 pounds of material input for every 7 pounds of good plastic sheets manufactured. During May, the company produced 4,200 pounds of good sheets.
Required:
Compute the total standard allowed input quantity, given the good output produced.
Standard allowed input quantity
pounds
2.
value:
12.50 points
Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Input all amounts as positive values. Round the "Standard quantity per unit of output for Direct Material" to 2 decimal places. Omit the "$" sign in your response.)
Direct Labor
Direct Material
Standard price or rate per unit of input
$
per hr
$
8
per lb
Standard quantity per unit of output
hrs per unit
lbs per unit
Actual quantity used per unit of output
3.5
hrs
lbs per unit
Actual price or rate per unit of input
$
21
per hr
$
7
per lb
Actual output
10,000
units
10,000
units
Direct-material price variance
$
30,000
F
Direct-material quantity variance
$
U
Total of direct-material variances
$
10,000
F
Direct-labor rate variance
$
U
Direct-labor efficiency variance
$
100,000
F
Total of direct-labor variances
$
65,000
F
3.
value:
12.50 points
Sal Amato operates a residential landscaping business in an affluent suburb of St. Louis. In an effort to provide quality service, he has concentrated solely on the design and installation of upscale landscaping plans (e.g., trees, shrubs, fountains, and lighting). With his clients continually requesting additional services, Sal recently expanded into lawn maintenance, including fertilization.
The following data relate to his first year’s experience with 55 fertilization clients:
•
Each client required six applications throughout the year and was billed $40 per application.
•
Two applications involved Type I fertilizer, which contains a special ingredient for weed control. The remaining four applications involved Type II fertilizer.
•
Sal purchased 5,000 pounds of Type I fertilizer at $.53 per pound and 10,000 pounds of Type II fertilizer at $.40 per pound. Actual usage amounted to 3,700 pounds of Type I and 7,800 pounds of Type II.
•
A new, part-time employee was hired to spread the fertilizer. Sal had to pay premium wages of $11.50 per hour because of a very tight labor market; the employee logged a total of 165 hours at client residences.
•
Based on previous knowledge of the operation, articles in trade journals, and conversations with other landscapers, Sal established the following standards:
Fertilizer purchase price per pound: Type I, $.50; Type II, $.42
Fertilizer usage: 40 pounds per application
Typical hourly wage rate ...
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• 10- to 12-slide presentation using a modality of your choice. Your boss request a presentation for new donors. You are to include the following:What is the mission and purpose of your organization?
• Differentiate between private and government not-for-profit organizations.
• What are the primary sources of funding for the organization? How are the revenues classified? Be sure to include dollar amounts.
Question 1 of 402.5 PointsCapital Manufacturing designs and ma.docx
Question 1 of 40
2.5 Points
Capital Manufacturing designs and manufactures bathtubs for home and commercial applications. Capital recorded the following data for its commercial bathtub production line during the month of March.
Standard DL hours per tub
3
Standard overhead rate per DL hour
$6.50
Standard overhead cost per unit
$19.50
Actual overhead costs
$22,750
Actual DL hours
3,250
Actual overhead cost per machine hour
$7.00
Actual tubs produced
1,100
What is the variable manufacturing overhead efficiency variance for March?
A. $1,625 unfavorable
B. $325 unfavorable
C. $1,625 favorable
D. $325 favorable
Question 2 of 40
2.5 Points
Which of the following formulas is used to compute variable overhead rate (or spending) variance?
A. Actual hours x (actual rate – standard rate)
B. Standard hours allowed x (actual rate – standard rate)
C. Actual rate x (actual hours – standard hours allowed)
D. Standard rate x (actual hours – standard hours allowed)
Question 3 of 40
2.5 Points
How is the direct labor efficiency variance calculated?
A. The difference between the standard labor hours allowed and the actual labor hours used multiplied by the actual labor rate
B. The difference between the standard labor hours allowed and the actual labor hours used multiplied by the standard labor rate
C. The difference between the standard labor hours and the actual labor hours used
D. The difference between the standard labor rate and the actual labor rate
Question 4 of 40
2.5 Points
Myles Company budgeted 10,500 pounds of direct materials costing $23.50 per pound to make 5,300 units of product. The company actually purchased 11,000 pounds of direct materials costing $25 per pound to make the 5,300 units. What is the direct materials price variance?
A. $16,500 favorable
B. $16,500 unfavorable
C. $15,750 unfavorable
D. $15,750 favorable
Question 5 of 40
2.5 Points
A company produced 2,200 units of output during a production process that normally requires 2 hours of labor per unit of output. The standard labor rate is $16 per hour, but the company paid $15 per hour. Actual hours needed to complete the production process were 4,600. How much was the labor rate variance?
A. $4,400 favorable
B. $4,400 unfavorable
C. $4,600 favorable
D. $4,600 unfavorable
Question 6 of 40
2.5 Points
How is the variable manufacturing overhead efficiency variance calculated?
A. The difference between the actual overhead rate and the standard overhead rate multiplied by the standard overhead rate
B. The difference between the standard hours allowed and the actual hours used multiplied by the standard overhead rate
C. The difference between the standard hours allowed and the actual hours used
D. The difference between the standard hours allowed and the actual hours used multiplied by the actual overhead rate
Question 7 of 40
2.5 Points
A company uses a single raw material in its production process. The standard pric ...
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Mid-Term AssignmentWritten assignment (essay and calculations)
Mid-Term Assignment
Written assignment (essay and calculations)
Activity brief
BCO322 – Budgeting and Control
Online campus
Professor: Senen Garcia | [email protected]
Description
Your knowledge will be tested on the content of week 1 to 6 of the course.
Format
This activity must meet the following formatting requirements:
· Font size 12
· 1200 - 2200 words
· Harvard Referencing System
Due date
Date: Monday 15 March 2021
Time: 14:00 CET
Weight towards final grade
This activity has a weight of 40% towards the final grade.
Learning outcomes
· Outcome One: Classification of costs
· Outcome Two: Cost of Finished Goods
· Outcome Three: Cost of Goods Sold
· Outcome Four: Job order and process costing
· Outcome Five: Cost Volume Profit Analysis-Cost per unit
· Outcome Six: Cost Volume Profit Analysis-Breakeven Analysis
· Outcome Seven:Cost Volume Profit Analysis-Margin of Safety
· Outcome Eight:Cost Volume Profit Analysis-operating income with different volumes
Assessment criteria
· Answers should be clear and well presented (Provide spacing between paragraphs, number your questions correctly)
· Remember to in-text reference and provide your referencing at the end.
· Referencing should be Harvard Style
· Show all calculations
· Cannot submit photos. May use MS Word, MS Excel, Adobe Acrobat, or similar software.
Questions:
QUESTION 1
1.1. Classification of costs
Using the code letters below, indicate in the space provided how each of the following costs should be classified for a pen manufacturing company:
Costs
____ (a) Property tax on the factory building.
____ (b) The chief financial officer's salary.
____ (c) Plastic used to manufacture pens.
____ (d) Janitors at the factory.
____ (e) Manufactured pens waiting to be sold to customers.
____ (f) Advertising logos.
____ (g) Partially completed pens.
QUESTION 2
2. The following information has been taken from the perpetual inventory system of Imperial Mfg. Co. for the month ended September 30:
2.1. What does the total amount of inventory to be included in Imperial's September 30th balance sheet amounts to:
2.2. What are the Total manufacturing costs charged (debited) to Work in Process during September:
2.3. Calculate the cost of finished goods manufactured in September
2.4. Calculate the cost of goods sold in September:
QUESTION 3
3.1. There are two distinct types of cost accounting systems: job order costing systems and process costing systems. How does management decide whether to use a job order costing system or a process costing system in any given manufacturing situation? Explain briefly.
3.2. Job order cost system
Century Pools designs and builds custom pools and spas to the customer's order and uses a job order system. The predetermined overhead rate for the current year is 60% of direct labor cost.
At the end of the current year, Century Pools' direct labor cost totaled $170,000 and actual overhead amounted to $105,000.
A pool built for F. Becker required $32 ...
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
Management of Modugno Corporation is considering whether to p.docx
Management of Modugno Corporation is considering whether to purchase a new model 370 machine costing $464,000 or a new model 240 machine costing $405,000 to replace a machine that was purchased 10 years ago for $439,000. The old machine was used to make product M25A until it broke down last week. Unfortunately, the old machine cannot be repaired.
Management has decided to buy the new model 240 machine. It has less capacity than the new model 370 machine, but its capacity is sufficient to continue making product M25A.
Management also considered, but rejected, the alternative of simply dropping product M25A. If that were done, instead of investing $405,000 in the new machine, the money could be invested in a project that would return a total of $456,000.
In making the decision to invest in the model 240 machine, the opportunity cost was:
$405,000
$456,000
$464,000
$439,000
Salvadore Inc., a local retailer, has provided the following data for the month of September:
Merchandise inventory, beginning balance
$44,500
Merchandise inventory, ending balance
$43,200
Sales
$263,100
Purchases of merchandise inventory
$137,600
Selling expense
$17,000
Administrative expense
$60,900
The cost of goods sold for September was:
$137,600
$136,300
$215,500
$138,900
The following costs were incurred in September:
Direct materials
$42,200
Direct labor
$32,800
Manufacturing overhead
$25,400
Selling expenses
$18,800
Administrative expenses
$40,200
Conversion costs during the month totaled:
$58,200
$75,000
$159,400
$67,600
Management of Lewallen Corporation has asked your help as an intern in preparing some key reports for September. Direct materials cost was $61,000, direct labor cost was $47,000, and manufacturing overhead was $75,000. Selling expense was $19,000 and administrative expense was $36,000.
The conversion cost for September was:
$122,000
$141,000
$183,000
$116,000
Gambarini Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $214.90 per unit.
Sales volume (units)
8,100
10,020
Cost of sales
$664,200
$821,640
Selling and administrative costs
$613,100
$649,580
The best estimate of the total monthly fixed cost is:
$459,200
$1,471,220
$1,277,300
$1,323,260
Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.
Production volume
9,500
units
11,000
units
Direct materials
$575,700
$666,600
Direct labor
$156,750
$181,500
Manufacturing overhead
$1,009,000
$1,032,400
The best estimate of the total monthly fixed manufacturing cost is: (Do not round intermediate calculations.)
$860,800
$868,300
$857,800
$863,800
Nikkel Corporation, a merchandising company, reported the following results for.
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which
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What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?
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- 2. Band $700 Rental of ballroom $2,000 Professional entertainment during intermission $2,000 Tickets and advertising $700 The committee members would like to charge $41 per person for the evening’s activities. Required: 1. Compute the breakeven point for the dinnerdance (in terms of the number of persons who must attend). 2. Assume that last year only 200 persons attended the dinnerdance.If the same number attend this year, what price per ticket must be charged in order to break even? 3. Refer to the original data ($41 ticket price per person). Prepare a CVP graph for the dinnerdance from zero tickets up to 550 tickets sold.
- 3. • Question 2 Walsh Company manufactures and sells one product. The following information pertains to each of the company’s first two years of operations: Variable costs per unit: Manufacturing: Direct materials $ 21 Direct labor $ 11 Variable manufacturing overhead $ 4 Variable selling and administrative $ 3 Fixed costs per year: Fixed manufacturing overhead $ 320,000 Fixed selling and administrative expenses $ 100,000 During its first year of operations, Walsh produced 50,000 units and sold 40,000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company’s product is $51 per unit.
- 4. Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for year 1 and year 2. b. Prepare an income statement for year 1 and year 2. 2. Assume the company uses absorption costing: a. Compute the unit product cost for year 1 and year 2. b. Prepare an income statement for year 1 and year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in year 1and year 2. • Question 3 Award: 6 out of 6.00 points
- 5. Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow: Product A B C Selling price $240 $ 320 $ 300 Variable expenses: Direct materials 18 72 27 Other variable expenses 174 152 228 Total variable expenses 192 224 255 Contribution margin $ 48 $ 96 $ 45
- 6. Contribution margin ratio 20% 30% 15% The same raw material is used in all three products. Barlow Company has only 4,900 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $9 per pound. Required: 1. Compute the amount of contribution margin that will be obtained per pound of material used in each product. 2. a. Compute the amount of contribution margin on each product. b. Which orders would you recommend that the company work on next week—the orders for product A,product B, or product C?
- 7. 3. .A foreign supplier could furnish Barlow with additional stocks of the raw material at a substantial premium over the usual price. If there is unfilled demand for all three products, what is the highest price that Barlow Company should be willing to pay for an additional pound of materials? • Question 4. Award: 6 out of 6.00 points Imperial Jewelers is considering a special order for 24 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $408.00 and its unit product cost is $268.00 as shown below: Direct materials $ 147 Direct labor 81 Manufacturing overhead 40 Unit product cost $ 268
- 8. Most of the manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $11 of the overhead is variable with respect to the number of bracelets produced. The customer who is interested in the special bracelet order would like special filigree applied to the bracelets. This filigree would require additional materials costing $10 per bracelet and would also require acquisition of a special tool costing $457 that would have no other use once the special order is completed. This order would have no effect on the company’s regular sales and the order could be fulfilled using the company’s existing capacity without affecting any other order. Required: a. What effect would accepting this order have on the company’s net operating income if a special price of $368.00 per bracelet is offered for this order? b. Should the special order be accepted at this price?