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business
managerial accounting 12th

Questions and Answers of Managerial Accounting 12th

What is the difference between intrinsic motivation and extrinsic incentives?
John Ran ton, president and founder of Running Mate, could hardly contain his excitement over the operating results for his company's second year of operations. Running Mate is an online retailer of
What are the three basic categories of manufacturing costs?
Precision Electronics manufactures wearable devices that incorporate Global Positioning System technology. Their devices are used by runners, cyclists, golfers, hikers, etc. The following are some
What are administrative costs? How are they treated on the income statement?
If a company automates its production processes, would you expect that to increase or decrease prime costs? Why?
Which two classes of inventory does a manufacturing company have that a merchandising or service company does not?
RTW Company manufactures acoustic and electric guitars. Selected costs from the most recent year of operations follow below.1. The guitars use metal for the frets and tuning knobs that costs $10 per
The Ramon Company is a manufacturer that is interested in developing a cost formula to estimate the fixed and variable components of its monthly manufacturing overhead costs. The company wishes to
What is the activity base? What would be a likely activity base for the cost of sales commissions paid to sales staff?
What is a non-linear variable cost?
Tom Davis runs a guiding company, Chief Adventures, based in Squamish, British Columbia, that takes customers on guided tours 12 months a year. During peak season, Davis employs up to 30 guides, all
Anand Limited manufactures drones for industrial use. Most of their costs are either true variable costs or fixed costs. However, an account analysis shows the following items are mixed costs.In 2019
What is the difference between a true variable and a step-variable cost?
Describe a non-linear variable cost and give an example.
Given the facts in part 3-8, estimate the total contribution margin for August if seven air conditioners are produced and sold.Phillips Company manufactures air-conditioning units for commercial
Given the facts in part 3-8, if total fixed costs (excluding shipping) are $3,000 per month, estimate operating income for August if seven air conditioners are produced and sold.Phillips Company
Sarnia Ltd. is a manufacturing company that produces a single product. The company keeps meticulous records of manufacturing activities from which the following information has been extracted:The
Estimate variable shipping expenses to ship 12 air conditioners if the shipping company reduces the variable cost per unit by 10% for each unit shipped in excess of 10 units.Phillips Company
By how much would the total contribution margin decrease in August if Phillips decides to offer its customers a 5% price discount on the seven units?Phillips Company manufactures air-conditioning
How could knowledge of the relevant range for a fixed cost help a manager when making planning decisions requiring cost estimates?
What is the contribution margin per unit?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units
By how much would operating income decrease in August if Phillips decides to offer its customers a 5% price discount on the seven units?Phillips Company manufactures air-conditioning units for
Prairie Motels has a total of 4,000 rooms in its chain of motels located in eastern Canada. On average, 80% of the rooms are occupied each day. The company's operating costs are $84 per occupied room
Identify one advantage and one disadvantage of using the account analysis approach to estimating cost behaviour.
What is the contribution margin ratio?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to
Given the facts in part 3-13, estimate total shipping expenses for 12 air conditioners.Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable
Given the facts in part 3-13, are variable shipping expenses linear or non-linear? Explain.Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable
What is the variable expense ratio?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to
Whirly's contribution format income statement for the most recent month is shown below:RequiredConsider each case independently. You need not prepare a new income statement. Instead, use the
What is the purpose of preparing a scattergraph?
If sales increase to 1,001 units, what would be the increase in operating income?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the
If sales decline to 900 units, what would be the operating income?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range
What is meant by an incremental analysis? What is the key advantage of using this approach to decision making?
If the variable cost per unit increases by $1, spending on advertising increases by $ 1,500, and unit sales increase by 250 units, what would be the operating income?Oslo Company prepared the
If the selling price increases by $2 per unit and the sales volume decreases by JOO units, whatwould be the operating income?Oslo Company prepared the following contribution format income statement
In March, James Electronics had sales of $2,500,000 (25,000 units), total variable expenses of $1,500,000, and total fixed expenses of $800,000.Required:1. What is the company's CM ratio?2. Using the
James House is planning on starting a cleaning services business but has not decided whether he should focus on residential clients or commercial clients. His estimates of revenue, variable expenses,
What does it mean to have a margin of safety of 20%?
If a company experiences an increase in the contribution margin per unit, what will be the impact on its break-even level of sales?
Fox Harbour Limited produces and sells a single product; its selling price is $200 and its variable cost is $150 per unit. The company's monthly fixed expense is $200,000.Required:1. Solve for the
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement appears below:Required:1. Compute the company's degree of operating leverage.2.
What is the break-even point in unit sales? Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of
In a profit graph, what is the impact on the break-even level of sales if the slope of the profit line gets flatter? What is the impact on the break-even level of unit sales if the slope of the
What is the break-even point in dollar sales?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500
How many units must be sold to achieve a target profit of $5,000?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of
What is meant by the term cost structure?
What is the margin of safety in dollars? What is the margin of safety percentage?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the
Super Sales Company is the exclusive distributor for a high-quality knapsack. The product sells for $60 per unit and has a CM ratio of 40%. The company's fixed expenses are $360,000 per year. The
The Saint John SPCA is preparing for its annual dinner-dance fundraiser. The planning committee has put together the follow ing expected costs for the event:The committee members would like to charge
What is the degree of operating leverage?Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units
Using the degree of operating leverage, what is the estimated percent increase in operating income of a 53 increase in sales?Oslo Company prepared the following contribution format income statement
Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $6,000 and the total fixed
The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each
New Tech Limited manufactures and sells wireless phone chargers. The product sells for $30 per unit and has a CM ratio of 503 . The company's fixed expenses are $450,000 per year.Required:1. What are
Using the degree of operating leverage that you computed in the previous question, what is the estimated percent increase in operating income of a 53 increase in sales?Oslo Company prepared the
Active Life manufactures wearable technology for a variety of purposes. The Athletics Division produces three models of a watch that monitors heart rate, steps taken, calories burned, distance
Lawson Manufacturing Company's (LMC) contribution format income statement for the most recent month is given below:LMC's operating income is highly sensitive to changes in the operating environment,
Dog Dandy distributes a dog collar made of wooden beads that sells for $40 per unit. Variable expenses are $20 per unit, and fixed expenses total $120,000 per year. Its operating results for last

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