All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
management and cost accounting

Questions and Answers of Management And Cost Accounting

Advanced: Divisional performance measurement using different methods of asset valuation plus non-financial measures(a) When a previously centralized organisation decides to decentralize a major part
Advanced: Discussion of res idual income and ROI and the problems with using the se measures to evaluate a specalative new division operating In a high technology industry lndico Ltd is a well
Advanced : Allocation of service department costs to profit cen tres pl us a di scussion of the arguments for and against allocat ions for performance measurement Radartech Ltd has two profit
Advanced : Compari son of the performance of two divisions ABE Ltd and KIM Ltd are two newly-established divisions of RAT pic. They operate as mdependent trading units. though some of their final
G Limited, one of the subsidiaries of GAP Group p.l.c .. produces the followmg condensed data in respect of its budgeted performance for the year to 31 December 1989:In addition, It is considering
You should attempt to answer this question yourself before looking up the suggested answer, which appears on pages 866-867 . If any part of your answer is incorrect, check back carefully to make sure
The directors of Anhang pic are considering how best to invest in four projects, details of which are given below.The net present values of the projects have been calculated using specific.
Advanced : Single and multi-period capital rationing Raiders Ltd is a private limited company which is financed entirely by ordinary shares. Its effective cost of capital, net of tax, is 1 0%per
Multi-period capit al rationing and minimum profit constrai nts Details of projects available to Glaser Ltd, a wholly owned subsidiary of a publicly quoted company, are:Each of the projects have cash
Advanced: Single and multi-period capital rationing Schobert Ltd is a retailing company which operates a small chain of outlets. The company is currently (i.e. December 1988) finalising its capital
Formulation of initial tableau and interpretation of final tableau using the simplex method(a) The Argonaut Company makes three products. Xylos, Yoyos and Zicons. These are assembled from two
Advanced: Formulation of an initial tableau and interpretation of a final tableau using the simplex method Hint: Reverse the signs and ignore entries of 0 and 1.The Kaolene Co. Ltd has six different
Advanced: Formulation of initial matrix and interpretation of final matrix using the Simple method Hint: Reverse the signs and ignore the entries of 0 and 1.A chemical manufacturer is developing
Advanced: Formulation of initial tableau and interpretation of final tableau Bronx ltd is in the process of preparing its budget for the coming year. The information from the marketing department
Advanced: Optimal output with a single limiting factor and interpretation of a final matrix Hint: Reverse the signs in the final matrix.(a) Corpach Ud manufactures three products for which the sales
Advanced: Optimal output, shadow prices and decision·making using the graphical approach Riverside Processors pic recycles by-products from nearby industrial sites. It produces two products, Ackney
Advanced : Maximizing profit and sales revenue us ing the graphi ca l approach Goode, Billings and Prosper pic manufactures two products, Razzle and Dazzle. Unit selling prices and variable costs,
Advanced : Optimal output using the graphical approach and the impact of an Increase In capacity A company makes two products, X andY. Product X has a contribution of £124 per unit and product Y
Intermediate: Optimal output decision using contribution per scarce factor and graphical approach(a) Discuss the importance of key factors or limiting factors in an organization.(b) E Limited
2 Brass Ltd produces two products, the Masso and the Russo. Budgeted data relating to these products on a unit basis for August 1980 are as follows :Each unit of product mcurs costs of machining and
Advanced : Safety stocks and uncertain demand and quantity discounts Runswick Ltd is a company that purchases toys from abroad for resale to retail stores. The company is concerned about its
Advanced : Calculation of EOQ and safety stocks assuming uncertainty The retailing division of Josefa pic sells Hofers and its budget for the coming year is given below·The supplier of Hofers is
Advanced : Safety stocks and uncertain demand DB p.l.c. operates a conventional stock control system based on re·order levels and Economic Ordering Quantities. The various control levels were set
A company needs to hold a stock of item X for sale to customers.Although the item is of relatively small value per unit, the customers' quality control requirements and the need to obtain competitive
Mr Evans is a wholesaler who buys and sells a wide range of products, one of wh1ch is the Laker. Mr Evans sells 24000 units of the Laker each year at a unit price of £20. Sales of the Laker normally
Advanced : Quantity discount s and calculation of EOQ Wagtail Ltd uses the 'optimal batch size' model (see below) to determine optimal levels of raw materials. Material B is consumed at a steady,
Intermediate: Calculat ion of min imum purchase cost when cost per unit is not constant A company is reviewing the purchasing policy for one of its raw materials as a result of a reduction in
Sandy Lands Ltd carries an item of inventory in respect of which the following data apply:You are required to:(i) calculate the minimum annual cost of ordering and stocking the item, (4 marks)(ii)
Advanced : Planning and operating variances A year ago Kenp Ltd entered the mar1'Throughout the year we attempted to operate as efficiently as possible, given the prevailing conditions' stated the
Advanced: Reconciliation of budgeted and actual profit including operating and planning variances plus an inter·pretation of the reconciliation statement Casement ltd makes windows with two types of
Advanced: Accounting disposition of variances(a) Mingus Ltd produces granoids. It revises its cost standards annually in September for the year commencing 1 December.At a normal annual volume of
Advanced : Sale s variances A company which employs a salesman in each of its territories has decided to use the following standards in assessing salesmen's performance:(A) Target sales are based on
Ad vanced : Mix var iances and reconciliat ion of actual and budgeted profit The budgeted income statement for one of the products of Derwen pic for the month of May 1986 was as follows:During May
Intermediate: Labour mix and yield variances A large manufactunng company w1th a diverse range of products is developing the use of standard costing throughout its divisions. A full standard costing
Intermediate : Mix and Yield variances Budgeted and standard data for a produce 1nclude the following:Direct labour 10 employees work a 45-hour week. Standard rate of pay is £4 per hour Output per
Intermediate : Mix and yield variances SC Umited manufactures a special floor tile which measures 1h m x 1/4 m x 0.01 m. The tiles are manufactured in a process which requires the following standard
Intermediate : Calculation of labour, material and ov erhead var iances plus appropriate accounting en tries JC Limited produces and sells one product only, Product J, the standard cost for which is
You should attempt to answer this question yourself before looking up the suggested answer, which appears on pages 859-861 . If any part of your answer is incorrect, check back carefully to make sure
XYZ Ltd manufactures a single product, the standards of which are as follows:The actual selling price was identical with the budgeted selling price and there were no opening or closing stocks during
Alpha manufacturing company produces a single product, which is known as sigma. The product requires a single operation and the standard cost for this operation is presented in the following standard
Advanced : Comparison of variable and absorption standard costing Chimera Ltd makes chimes, one of a variety of products. These products pass through several production processes.The first process is
Advanced : Computation of variances and the reconciliation of budgeted and actual profits for a taxi firm Tardy Taxis operates a fleet of taxis in a provincial town. In planning its operations for
Advanced : Reconc iliation of budgeted and actual profits Amalgamated Processors pte is a divisionalized organization which operates a standard costing and budgetary planning and control system in
Advanced : Reconciliation of budgeted actual profits A company with two cost centres. 1 and 2. manufactures two products K and P whose standard variable costs of production per article are:Budgeted
Advanced : Reconciliation of budgeted and actual profits The Britten Co Ltd manufactures a variety of products of basically similar composition. Production is carried out by subjecting the various
Advanced: Variance calculations and reconciliation of budgeted and actual profit Bamfram pic is a well established manufacturer of a specialized product, a Wallop, which has the following
Advanced: Preparation of an operating control statement and the computation of labour, material and overhead variances(a) A factory is planning to produce and sell8000 units of product P during the
Advanced: Preparation of an operating control statement and the calculation of labour, material and overhead variances The following statement has been produced for presentation to the general
Intermediate: Variance analysis and reconciliation of standard and actual cost(a) Discuss in general the ways in which variance analysis helps management to control a business.(Note there is no need
Intermediate: Calculation of labour and material variances and production ratios A manufactunng company has recently introduced a system of standard costing and you, as the assistant management
Intermediate: Calculation of actual inputs wo rking bac k from variances(a) Q Umited operates a system of standard costing and 1n respect of one of its products wh1ch is manufactured w1thin a single
Intermediate: Calculation of sales margin variances You are required:(a) to comment on the statement that 'for most managerial purposes the sales margin variances (operating profit variances) are
Intermediate: Calculation of overhead variances Shown below is the previous month's overhead expenditure and activity, both budget and actual, for one department in a manufacturing company.The
Discussion and calculation of overhead variances(a) Explain fully how the variances between actual and standard production overhead costs may be analysed, where overhead absorption is based upon
Intermediate: Calculation of labour variances and preparation of wages control account The finishing department of a company manufacturing two different products employs 60 direct operatives working
Intermediate: Labour and material variances Shown below 1s the standard pnme cost of a tube of industrial adhesive, which is the only product manufactured in one department of Gum pic.The standard
Intermediate: Effect of incentive scheme on company costs(a) Shown below is a summary of the previous week's payroll data for the moulding department in Peal Public Limited Company, a company
Intermediate: Calculation of earnings and a discussion of time based and Individual performance based remuneration systems(a) Describe the characteristics of factory direct and indirect labour cost
3.12 Intermediate: Calculation of earnings(a) A company is proposing to introduce an Incentive scheme into its factory.Required:Three advantages and three disadvantages of individual incentive
S. Poynter Public Umited Company, an engineering company constructing special-purpose equipment to customer specification.employs a system of job costing to determine the actual cost of products
The managing director of a company manufacturing one product , a standard sized office desk , asks you as the recently appointed works accountant to investigate the material control procedures
A shop stocks winter coats which sell at £55 each. To avoid overstocking and because of limited space, the deliveries from four manufacturers, at differing prices , are made to the shop on a weekly
1 On 1 January Mr G started a small business buying and selling a special yarn. He invested his savings of£40 000 in the business, and, durtng the next six months, the following transactions
Intermediate: Sunk and opportunity costs for decision-making Mrs Johnston has taken out a lease on a shop for a down payment of £5000. Additionally, the rent under the lease amounts to £5000 per
On the answer sheet provided are fifteen pairs of axes for graphs.On each one a cost curve depicting a particular set of circumstances can be drawn.Example: Fixed costsYou are required to draw cost
A theatre with seating for 1200 persons is maintained and operated by a local authority. The theatre is used for plays by the authority's own repertory company and is let for concerts, other
From the information given below you are required to:(a} prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for:(i) prime cost(ii) variable
Intermediate: Cost behaviourAverage mileage from one gallon is 25 miles.(a) From the above data you are required:(i) to prepare a schedule to be presented to management showing for the mileages of
The following information is available for year for Dancer Components:All depreciation charges are fixed and are expected to remain the same for year 2. Sales volume is expected to increase by 18
Refer to the data in Exercise 13-26.Varmit-B-Gone estimates that the number of subscribers in September should fall 10 percent below August levels, and the number of service calls per sub-,scriber
Nassau Products is preparing a cash budget for April. The following information on accounts receivable collections is available from past collection experienceRequired What are the estimated cash
Duluth Company is preparing its cash budget for December. The following information is available concerning its accounts receivable:Required What is the estimated amount of cash receipts from
Ashland Corporation is preparing its cash budget for October. The following information is available concerning its inventories:Required What are the estimated cash disbursements in October?
White Products wishes to purchase goods in one month for sale in the next. On March 31, the company has 24,000 portable music players in stock, although sales for the next month (April) are estimated
Westile Company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock
The Casings Plant of Wyoming Machines makes plastics shells for the company’s calculators.(Each calculator requires one shell.) For each of the next-two years, Wyoming expects to sell_640,000
EZ-Credit, Inc., has \($40\) million in consumer loans with an average interest rate of 13.5 percent.The bank also has \($32\) million in home equity loans with an average interest rate_of 9
SV1is a large securities dealer. Last year, the company made 120,000 trades witha n average commisosf $i110.o Bencau se of the general economic climate, SVI expects trade volume to decline by 1p0e
Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has three service departments, Administration, Accounting, and Maintenance.
Alpha Company manufactures products XX-1 and XX-2 from a joint process. Total joint costs are$60,000. The sales value at split-off was $70,000 for 4,000 units of product XX-1 and $30,000 for 1,000
GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 240,000 units of tips having a sales value at the split-off point of $42,000. It produced 240,000 units of
Blasto, Inc., operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the split-off point, the intermediate products cannot
A company processes a patented chemical, D-12, and produces two outputs, C-30 and C-40. In March, the costs to process D-12 are $225,000 for materials and $450,000 for conversion costs.C-30 has a
Rajiv’s Textiles uses a predetermined factory overhead rate based on machine-hours. For October, Rajiv’s budgeted overhead was $2,520,000 based on a budgeted volume of 420,000 machinehours.Actual
Rainbow Tours gives walking tours of Springfield. Rainbow charges $20 per person for the tour and incurs $8 in variable costs for labor, drinks, and maps. The monthly fixed costs for Rainbow Tours
Intermediate: Variance analysis and reconciliation of standard and actual cost B limited started trading on 1 November 1987, manufacturing and selling one product. The standard cost per unit
Intermediate: Calculation of production ratios(a) Explain what you understand by the term a standard hour'.(3 marks)(b) The budgeted production for period 7 in the fintshing department of a pottery
Calculation and explanation of labour and overhead variances A company had a budget of 200 000 direct labour hours for a period. This was used as the basis for establishing standard factory overhead
An organization operates a standard costing system using the figures provided for the annual operating budget. The actual results are compared monthly.The departmental managers have expressed concern
1 BS Umited manufactures one standard product and operates a system of variance accounting using a fixed budget. As assistant management accountant, you are responsible for preparing the monthly
• identify the causes of labour, material, overhead and sales margin variances
• distinguish between standard variable costing and standard absorption costing
• define basic, ideal and currently attainable standards;
• explain how standard costs are set;
1 Albatross Pic, the Australian subsidiary of a British packaging company , is preparing its budget for the year to 30th June 1980 . In respect of fuel oil consumption , it is desired to estimate an
The budget for department Y of ABC Ltd is as follows:Engineering studies have shown that the standard times for making products X, Y and Z areAt the end of the period you discover that the actual
1 The Victoria Hospital is located in a holiday resort that attracts visitors to such an extent that the population of the area is trebled for the summer months of June, July and August. From past
2 The budget for department X of XYZ Manufacturing Company is as follows :Engineering studies have shown that the standard times for producing one unit of A and 8 are as follows :Product A 4 hours
Aboume Ltd manufactures a microcomputer for the home use market. The management accountant is considering using regression analysis in the annual estimate of total costs. The following information
Advanced: Linear regression analysis with price level adjustments Savitt Ltd manufactures a variety of products at its industrial site in Wales. One of the products, the L T, is produced in a

Showing 1 - 100 of 3714

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved