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Managerial Accounting
TreadFast produces two types of exercise treadmills: Regular and Deluxe. The exercise craze and related demand is such that TreadFast could use all of its available machine hours producing either
Each morning, Jamal Imery stocks the drink case at Jamal’s Beach Hut in Charlotte, North Carolina. Jamal’s Beach Hut has 110 linear feet of refrigerated display space for cold drinks. Each linear
InteliSystems manufactures an optical switch that it uses in its final product. InteliSystems incurred the following manufacturing costs when it produced 70,000 units last year:InteliSystems does not
Refer to E8-31A. InteliSystems needs 79,000 optical switches next year (assume same relevant range). By outsourcing them, InteliSystems can use its idle facilities to manufacture another product that
ExcerTreads produces two types of exercise treadmills: Regular and Deluxe. The exercise craze and related demand is such that ExcerTreads could use all of its available machine hours producing either
TechSystems manufactures an optical switch that it uses in its final product. TechSystems incurred the following manufacturing costs when it produced 71,000 units last year:TechSystems does not yet
TechSystems needs 78,000 optical switches next year (assume same relevant range). By outsourcing them, TechSystems can use its idle facilities to manufacture another product that will contribute
Summer Fun manufactures flotation vests in Philadelphia, Pennsylvania. Summer Fun’s contribution margin income statement for the most recent month contains the following data:Suppose Sparkle
This case is a continuation of the Burburr Resorts & Hotels Corporation serial case that began in Chapter 1. The components of the Burburr serial case can be completed in any order. Burburr
Mrs. Yoder is a large family-style restaurant chain located throughout the Midwest in Amish communities. Currently, Mrs. Yoder makes its own biscuits. Customers love these biscuits; they are light,
A beverage company is considering whether to discontinue its line of grape soda. What factors will affect the company’s decision? What is a qualitative factor? Which of the factors you listed are
What factors would be relevant to a restaurant that is considering whether to make its own dinner rolls or to purchase dinner rolls from a local bakery?
How would outsourcing change a company’s cost structure? How might this change in cost structure help or harm a company’s competitive position?
What is an opportunity cost? List possible opportunity costs associated with a make-orbuy decision.
What undesirable result can arise from allocating common fixed costs to product lines?
Why could a manager be justified in ignoring fixed costs when making a decision about a special order? When would fixed costs be relevant when making a decision about a special order?
What is the difference between segment margin and contribution margin? When would each be used?
Do joint costs affect a sell as is or process further decision? Why or why not?
How can “make-or-buy” concepts be applied to decisions at a service organization? What types of make-or-buy decisions might a service organization face?
Oscar Company builds outdoor furniture using a variety of woods and plastics. What is a constraint? List at least four possible constraints at Oscar Company.
A computer manufacturer is considering outsourcing its technical support call center to India. Its current technical support call center is located in Dellroy, Ohio. The current call center is one of
Assume that a Campbell’s soup plant is running at 90% of its monthly capacity. Campbell’s has just received a special order to produce 40,000 cases of chicken noodle soup for a national
Assume Kroger’s grocery store is deciding whether to eliminate the salad bar section of its stores. The product line income statement shows the following quarterly data for the salad bar
Rossignol makes downhill ski equipment. Assume that Atomic has offered to produce ski poles for Rossignol for \($18\) per pair. Rossignol needs 100,000 pairs of poles per period.Rossignol can only
Linger Industries makes tennis balls. Linger’s only plant can produce up to 2.5 million cans of balls per year. Current production is 2 million cans. Annual manufacturing, selling, and
1. Aziz produces Standard and Deluxe sunglasses:The company has 15,000 machine hours available. In one machine hour, Aziz can produce 70 pairs of the Standard model or 30 pairs of the Deluxe model.
Use the information from the FunTime Cruiseline Data Set. Suppose FunTime Cruiseline decides to offer two types of dinner cruises: regular cruises and executive cruises. The executive cruise includes
Refer to your answer to S7-7.a. Compute the total number of dinner cruises that FunTime Cruiseline must sell to break even.b. Compute the number of regular cruises and executive cruises the company
Describe what each letter stands for in the CVP graph. D C 300 200 F G H B A 150 E The breakeven point is at K units and at dollars of sales.
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility).1.
Refer to Noodle Time in E7-26A. Mason did franchise her restaurant concept. Because of Noodle Time’s success, Noodles ‘n More has come on the scene as a competitor. To maintain its market share,
Refer to Granville Steel Parts in E7-28A. The owner feels like he’s in a giant squeeze play:The automotive manufacturers are demanding lower prices, and the steel producers have increased raw
James Griffin admired his friend Diamond Walker’s success at selling scarves at local craft shows (E7-33A), so he decided to make two types of plant stands to sell at the shows.James makes twig
Wellington Medical Supply is a retailer of home medical equipment. Last year, Wellington’s sales revenues totaled \($6,300,000\). Total expenses were \($2,200,000\). Of this amount, approximately
Dara Thompson operates a snow cone cart that she takes to outdoor fairs and festivals on the weekends. She makes the snow cones from ice shavings topped with flavored sugar syrup. She currently sells
Refer to Porterville Steel Parts in E7-51B. The owner feels like he’s in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw
Ibrahim Binney admired his friend Mariah DeLozier’s success at selling scarves at local craft shows (E7-56B), so he decided to make two types of plant stands to sell at the shows. Ibrahim makes
The controller for the Jubilee Corporation wants to use the what-if analysis tool in Excel to analyze the sales price, volume, and profit related to the graphics card it manufactures.The sales price
Claire Swanson operates a snow cone cart that she takes to outdoor fairs and festivals on the weekends. She makes the snow cones from ice shavings topped with flavored sugar syrup. She currently
Horner Work Wear, Inc., supplies uniforms for a variety of businesses. Xavier Hoffman is a new intern in the Accounting Department at Horner. To expand sales, the company is considering paying
Goose down is used in a wide variety of products, including jackets, bedding, and pillows.Lands’ End, a retailer of clothing and bedding items, uses goose down in many of its products.For a variety
Deja runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is \($300\). Deja spends \($0.50\) on each hot dog sold, including bun and condiments.
Deja runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is \($300\). Deja’s contribution margin per unit is \($1.50\) and her contribution
Deja runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is \($300\). Deja’s contribution margin per unit is \($1.50,\) and her contribution
Deja runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is \($300\). Deja’s contribution margin is \($1.50\) per hot dog sold. She has recently
Deja runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is currently \($300\), but she has been given the option of changing the arrangements to
Fleet Foot buys hiking socks for \($6\) a pair and sells them for \($10\). Management budgets monthly fixed expenses of \($10,000\) for sales volumes between 0 and 12,000 pairs.Requirements 1. Use
Fleet Foot buys hiking socks for \($6\) a pair and sells them for \($10.\) Monthly fixed costs are \($10,000\) (for sales volumes between 0 and 12,000 pairs), resulting in a breakeven point of 2,500
In making short-term special decisions, the decision-maker shoulda. focus on total costs.b. focus only on quantitative factors.c. separate variable costs from fixed costs.d. use a traditional
Which of the following costs is irrelevant to business decisions?a. Costs that differ between alternativesb. Variable costsc. Sunk costsd. Avoidable costs
When deciding whether to sell banana powder as is or to process further to make banana bread mix, managers should ignore which of the following?a. The cost of processing the banana powder further to
Refer to the Montrose Oil and Lube data in S6-7. Use the high-low method to determine the variable and fixed cost components of Montrose Oil and Lube’s operating costs. Use this information to
Refer to the hotel scatterplot in S6-11.1. Would the high-low method or regression analysis result in a more accurate cost equation for the data pictured in the scatterplot? Explain.2. A regression
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.a. An s-shaped line would represent a .b. The cost
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility).1.
For each of the following situations, identify the independent variable and the dependent variable.a. Carron Corporation is trying to predict its monthly utilities cost. The cost manager has gathered
Refer to the Farnsworth Drycleaners in E6-23A. Assume that Farnsworth charges customers \($10\) per garment for dry cleaning. Prepare Farnsworth’s projected income statement if 4,260 garments are
Refer to the Broadway Floral data in E6-28A. Use Microsoft Excel to do the following:Requirements:1. Run a regression analysis.2. Determine the company’s cost equation (use the output from the
Refer to the laboratory overhead cost and activity data for Elmhurst Health Center in E6-32A. Use the high-low method to determine the laboratory’s cost equation for total laboratory overhead. Use
Using the data provided in E6-32A, the laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows:Requirements:1.
The manager of the main laboratory facility at Elmhurst Health Center (from E6-32A) collects seven additional months of data after obtaining the regression results in E6-34A.The number of tests
Royal Industries has one product. Information about the production and sales of that product for the past year follow.The company had no beginning inventory.Requirements:1. Prepare two income
Charleston Carriage Company offers guided horse-drawn carriage rides through historic Greenville, South Carolina. The carriage business is highly regulated by the city. Charleston Carriage Company
Hadlock Manufacturing manufactures a single product that it will sell for \($68\) per unit. The company is looking to project its operating income for its first two years of operations.Cost
The annual data that follow pertain to Aqua Goggles, a manufacturer of swimming goggles (the company had no beginning inventory):Requirements:1. Prepare both conventional (absorption costing) and
Refer to the Whitman Drycleaners in E6-46B. Assume that Whitman charges customers \($9\) per garment for dry cleaning. Prepare Whitman’s projected income statement if 4,220 garments are cleaned in
Tamika Lotta, owner of Fourth Street Floral, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Lotta wants to set the delivery fee
Refer to Lotta’s Fourth Street Floral data in E6-51B. Use the high-low method to determine the company’s cost equation for van operating costs. Use your results to predict van operating costs at
Refer to the Fourth Street Floral data in E6-51B. Use Microsoft Excel to run a regression analysis, then do the following calculations:Requirements:1. Determine the firm’s cost equation (use the
The manager of the main laboratory facility at Rosedale Health Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies
Refer to the laboratory overhead cost and activity data for Rosedale Health Center in E6-55B. Use the high-low method to determine the laboratory’s cost equation for total laboratory overhead. Use
Using the data provided in E6-55B, the laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows:Requirements:1.
Vintage Carriage Company offers guided horse-drawn carriage rides through historic Camden, South Carolina. The carriage business is highly regulated by the city. Vintage Carriage Company has the
Squire Manufacturing manufactures a single product that it will sell for \($77\) per unit. The company is looking to project its operating income for its first two years of operations.Cost
The annual data that follow pertain to Aquatic Optics, a manufacturer of swimming goggles (the company has no beginning inventory):Requirements:1. Prepare both conventional (absorption costing) and
Laksmana, Li & Associates, a consulting firm, is interested in predicting its monthly overhead costs. The controller imported its monthly cost data from the past two years into Excel. The monthly
Akaya Dawson is the Chief Operating Officer at Mercy Hospital in Atlanta, Georgia. She is analyzing the hospital’s overhead costs but is not sure whether nursing hours or the number of patient days
Suravi Uchil is the Chief Operating Officer at Union Hospital in Newark, New Jersey. She is analyzing the hospital’s overhead costs but is not sure whether nursing hours or the number of patient
World Strings produces student-grade violins for beginning violin students. The company produced 2,700 violins in its first month of operations. At month end, 800 finished violins remained unsold.
Fanfare Products, Inc., is a manufacturer of mobile devices. Keshunn is the plant manager at Fanfare’s Toledo, Ohio, plant. The Toledo plant manufactures a smartphone, the Zoom, which has sold well
Compute the(a) total fixed cost and(b) fixed cost per guest if the hotel has 16,000 guests next month. Compare the fixed cost per guest at the higher occupancy rate to the fixed cost per guest when
Assume the local fitness club charges a membership fee of \($30\) per month for unlimited use of the exercise equipment plus an additional fee of \($5\) for every instructor-led exercise class you
Sony makes MP3 players and uses both absorption and variable costing. Assume Sony incurred the following manufacturing costs in producing 10,000 MP3 players last month:1. What is the product cost per
The previous manager of Fitness-for-Life started the following schedule but left before completing it. The manager wasn’t sure but thought the club’s fixed operating costs were \($10,000\) per
As the new manager of a local fitness club, Fitness-for-Life, you have been studying the club’s financial data. You would like to determine how the club’s costs behave in order to make accurate
Kelley Industries makes high-performance swimwear for triathletes. Kelley’s manufacturing costs for the production of 100,000 swimsuits were as follows:Requirements:1. Calculate the product cost
Consider the Unity Gas proposed entry into the online ordering system in P1-42B.Bronson revises her estimates of the benefits from the new system’s lower labor costs.She now thinks the savings will
For several years running, the Over-the-Top Buffet, a Las Vegas Burburr all-you-can-eat attraction, has been voted the best buffet by several publications. The Over-the-Top Buffet offers a seemingly
Sheldon Products produces plastic containers through a blow-molding process. The company uses process costing because its products are generally homogeneous and are produced in large batches.Malachi
What characteristics of the product or manufacturing process would lead a company to use a process costing system? Give two examples of companies that are likely to be using process costing. What
What are conversion costs? In a job costing system, at least some conversion costs are assigned directly to products. Why do all conversion costs need to be assigned to processing departments in a
Dairymaid makes organic yogurt. The only ingredients, milk and bacteria cultures, are added at the very beginning of the fermentation process. At month end, Dairymaid has 100,000 cups of yogurt that
Dairymaid’s yogurt goes through two sequential processes in two departments: Fermenting and Packaging. Assume that in the Packaging Department, Step 4 of the process costing procedure indicated the
Florida Tile produces ceramic tiles using two sequential production departments: Tile-Forming and Tile-Finishing. The following information was found for Florida Tile’s first production process,
This problem extends the Summary Problem 1 to a second department. During May, Florida Tile Industries reports the following in its Tile-Finishing Department:Requirements:1. Complete the five-step
If a company sells one unit above its breakeven sales, then its operating income would be equal toa. the unit selling price.b. the fixed expenses.c. the unit contribution margin.d. zero.
How is the sales volume in dollars necessary to reach a target profit calculated?a. target profit ÷ unit contribution marginb. target profit ÷ contribution margin ratioc. (fixed expenses + target
The number of units to be sold to reach a certain target profit is calculated asa. target profit ÷ unit contribution marginb. target profit ÷ contribution margin ratioc. (fixed expenses + target
The breakeven point on a CVP graph isa. the intersection of the sales revenue line and the total expense line.b. the intersection of the fixed expense line and the total expense line.c. the
A shift in the sales mix from a product with a high contribution margin ratio toward a product with a low contribution margin ratio will cause the breakeven point toa. increase.b. decrease.c. remain
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