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Management Accounting Questions (AC 330 Unit 2)

March 9, 2018 Leave a comment

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1. Classify the items into the following categories: (a)direct materials (b)direct labor (c)manufacturing overhead: 1.salaries for assembly line inspectors 2.insurance on factory machines 3.property taxes on the factory building 4.factory repairs 5. upholstery used in manufacturing furniture 6.wages paid to assembly line workers 7.factory machinery depreciation 8.glue,nails,paint,and other small parts used in production 9.factory supervisors’ salaries 10.wood used in manufacturing furniture

2. Determine the total amt. of (a)delivery service (product) costs and (b) period costs: indirect materials $5400, depreciation on delivery equipment $11200, dispatchers salary $5000, property tax on building $870, CEO salary $12000, gas and oil $2200, drivers’ salaries $11000, advertising $1600, delivery repairs $300, supplies $650, utilities $990, equip repairs $180.

Reeds Clothier Case Study and Questions

February 9, 2018

Reeds Clothier Case Study and Questions

WEEK 4 – FIN 370

“Reed’s Clothier” Case Study and Questions

Prepare a 350-700-word case study analysis of Case #16: “Reed’s Clothier” located in the Cases in Financial Management text, by Sulock and Dunkelberg. Be sure to address the following in your analysis:

Briefly summarize the case.

1) Calculate a few ratios and compare Reed’s results with industry averages. (Some industry averages are shown in Exhibit 16.4) What do these ratios indicate?

2. Why does Holmes want Reed’s to have an inventory reduction sale, and what does he think will be accomplished by it?

3. Jim Reed had adopted a very loose working capital policy with higher current assets than industry averages. If he merely tightens his working capital policy to the averages, should this affect his sales?

4. Assuming that Reed’s can improve its operations to be in line with the industry averages, construct a 1995 pro forma income statement. Assume that net sales will be reduced 5 percent to $1,938,000 but that depreciation and amortization will not change but remain at $32,000.

5. What type of inventory control system would you suggest to Jim Reed?

6. What type of accounts receivable control would you suggest to Jim Reed?

7. Is the increase in sales related to the increase in inventory?

8. What is Reed’s cost of not taking the suppliers’ discounts?

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Varto Company Question

June 20, 2016

Varto Company Question in $4 only

Varto Company has 11,800 units of its sole product in inventory that it produced last year at a cost of $22 each. This year’s model is superior to last year’s and the 11,800 units cannot be sold at last year’s regular selling price of $46 each. Varto has two alternatives for these items: (1) they can be sold to a wholesaler for $9 each, or (2) they can be reworked at a cost of $220,000 and then sold for $27 each. Prepare an analysis to determine whether Varto should sell the products as is or rework them and then sell them.

Incremental Revenue and cost of additional processing
Revenue if processed further
Revenue if sold as is
Incremental revenue
Incremental net income/loss
The company should:

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Warnerwoods Company Uses a Perpetual Inventory System

June 14, 2016

Warnerwoods Company Uses a Perpetual Inventory System in $9 only

Warnerwoods Company uses a perpetual inventory system. It entered the following purchases and sales transactions for March (Attached).

1. Compute costs of goods available for sale and number of units available for sale.

2. Compute the number of units in ending inventory.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)

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Inventory Method Uses by Company

May 10, 2016

Inventory Method Uses by Company in $7 only

Elect a public company go to their annual report and respond to the following:

a) Post the URL and company name where you found the annual report footnotes

b) What inventory method does the company use? (This information should be in the first footnote, Summary of Significant Accounting Policies.) Otherwise, look for a footnote dealing with inventory.

c) What is the Inventory Turnover Ratio for the most recent 2 years? (Show how you calculated these. Remember that you can use beginning and ending inventory values to obtain the average inventory and that the ending inventory in 2014 is the beginning inventory value in 2015 inventory, for example.) Is the turnover improving or not? Why?

d) Calculate the Days in Inventory for the most recent 2 years. Is there a positive or negative trend? Why?

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Week 3 Exercise – Inventory – Specific Identification Method

October 11, 2015

Week 3 Exercise – Inventory – Specific identification method. Boston Galleries uses the specific identification method in $34 only

Week Three Exercise Assignment

Inventory

1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.

Painting Cost

1/2 Beginning inventory Woods $21,000

4/19 Purchase Sunset 21,800

6/7 Purchase Earth 31,200

12/16 Purchase Moon 4,000

Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s

a. cost of goods sold.

b. gross profit.

c. ending inventory.

2. Inventory valuation methods: basic computations. The January beginning inventory of the White Company consisted of 300 units costing $40 each. During the first quarter, the company purchased two batches of goods: 700 Units at $44 on February 21 and 800 units at $50 on March 28. Sales during the first quarter were 1,400 units at $75 per unit. The White Company uses a periodic inventory system. Using the White Company data, fill in the following chart to compare the results obtained under the FIFO, LIFO, and weighted-average inventory methods.

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Filed under Accounting, Business Tagged with Exercise, Identification Method, Inventory, Specific, Week 3

ISCOM 352 Entire Week 5 (Week Five)

June 6, 2012

Cover of Supply Chain Management Review

ISCOM 352 Entire Week 5 (Week Five) in $12 only (Instant Download)

Resource: Riordan Manufacturing Virtual OrganizationISCOM 352 Week 5 Learning Team Assignment Riordan Manufacturing Inventory Presentation

Navigate to the Virtual Organizations website athttps://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/PortBus.htm

Select Riordan Manufacturing.

Click the Intranet tab, then select Operations from the left-hand menu.

Read inventory and supply chain information for research and development in Albany, GA, and Pontiac, MI.

Create a 10- to 15-slide PowerPoint presentation as part of a training seminar in inventory management. Training will focus on inventory management as part of supply chain logistics. In your presentation, address the following:

ISCOM 352 Entire Week 4 (Week Four)

June 6, 2012

ISCOM 352 Entire Week 4 (Week Four) in $12 only (Instant Download)

ISCOM 352 Entire Week 4

ISCOM 352 Week 4 Individual Assignment Logistics Management Paper

As the head of purchasing and procurement, you must draft a report that discusses important elements of logistics management for employees. The report will go to employees who have been with the organization for less than 18 months. Upper management’s primary concern is that new employees have been so inundated with policies, procedures, and training seminars that they need a refresher on the basics of logistics management.

Write a 1,050-word report, including the following:

Describe factors that influence logistics management for an organization across international borders.
Summarize regulatory and operations factors that affect logistics management in the U.S.
Identify major forces that drive reverse logistics systems. How do they relate? How does each factor specifically affect reverse logistics systems?

Format your paper consistent with APA guidelines.

Full Course ISCOM 352 Entire Class (Weeks 1-5) DQs, Individual Assignments, Learning Team Assignments, PPT

June 4, 2012

ISCOM 352 Week 1 (Instant Download)

ISCOM 352 Week 1 Individual Assignment Supply Chain Logistics Systems Memo

As a supply chain manager, you have been asked by senior management to write a report outlining supply chain logistics systems. The organization is considering a new approach to their logistics system analyses and is looking for your input.

Write a 1050 word paper, addressing the following:

Explain the strategic role competitive, product, and spatial relationships play in logistics.
Explain the relationship between logistics systems and cost.
Identify techniques used to perform a logistics system analysis.
Summarize approaches that analyze logistics systems.

Format your paper consistent with APA guidelines.

What are some advantages and disadvantages of supply chain networks? Provide examples.

What special role do networks play in supply chains? What are some potential problems when using networks? How are these problems overcome?

What are some challenges supply chain managers may witness in successfully developing and implementing effective information systems? What may be done to meet these challenges?

Full Course MGT 330 Entire Course (Weeks 1-5) Individual Assignments, DQs and LTAs

March 7, 2012

Full Course MGT 330 Entire Course (Weeks 1-5) Individual Assignments, DQs and LTAs

Full Course MGT 330 (Weeks 1-5) Individual Assignments, DQs and LTAs

Full Course MGT/330 (Weeks 1-5) Individual Assignments, DQs and LTAs

Entire Course MGT330

Full Course MGT330

Entire Course MGT 330 includes following files:

WEEK 1/MGT 330 Week 1 DQ 1.doc
WEEK 1/MGT 330 Week 1 DQ 2.doc
WEEK 1/MGT 330 Week 1 DQ 3.doc
WEEK 1/MGT 330 Week 1 Functions of Management Paper.doc
WEEK 2/MGT 330 Week 2 DQ 1.doc
WEEK 2/MGT 330 Week 2 DQ 2.doc
WEEK 2/MGT 330 Week 2 DQ 3.doc
WEEK 2/MGT 330 Week 2 Learning Team Assignment External Internal Factors Paper.doc
WEEK 3/MGT 330 Week 3 DQ 1.doc
WEEK 3/MGT 330 Week 3 DQ 2.doc
WEEK 3/MGT 330 Week 3 DQ 3.doc
WEEK 3/MGT 330 Week 3 Management Planning Paper.doc
WEEK 4/MGT 330 Week 4 DQ 1.doc
WEEK 4/MGT 330 Week 4 DQ 2.doc
WEEK 4/MGT 330 Week 4 DQ 3.doc
WEEK 4/MGT 330 Week 4 Organizational Structure PowerPoint.ppt
WEEK 4/MGT 330 Week 4 Organizing Paper.doc
WEEK 5/MGT 330 Week 5 Learning Team Assignment Control Mechanism Paper.doc
WEEK 5/MGT 330 Week 5 Management and Leadership.doc

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ISCOM 305 Complete Week 5

January 14, 2012

ISCOM 305 Entire Week 5

Parker Earth Moving Company Consulting Technology

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Top Switch Inc.:Calculate cost in the Raw Materials, Work in Process, and Finished Goods Inventory

January 7, 2012

SMU School of Accountancy

Top Switch Inc.:Calculate cost in the Raw Materials, Work in Process, and Finished Goods Inventory in US$ 8 only (Instant Download)

Top Switch Inc. designs and manufactures switches used in telecommunications. Serious flooding throughout the state of Tennessee affected Top Switch’s facilities. Inventory was completely ruined, and the company’s computer system, including all accounting records, was destroyed.

Before the unfortunate incident, recovery specialists cleaned the buildings. The company controller is very nervous and anxious to recover whatever records he can to support the insurance claim for the destroyed inventory. After consulting with the cost accountant, they decide to retrieve the previous year’s annual report for the beginning inventory numbers. In addition, they also agreed that they need first quarter cost data.

The cost accountant was working on the first quarter results before the storm hit, and to his surprise, the report was still in his desk drawer. After reviewing the data , the information shows the following information: Material purchases were $ 325,000; Direct Labor was $ 220,000. Further discussions between the controller and the cost accountant revealed that sales were $ 1,350,000 and the gross margin was 30% of sales. The cost accountant also discovered, while sifting through the information, that cost of goods available for sale was $ 1,020,000 at cost. While assessing the damage, the controller determined that the prime costs were $ 545,000 up to the time of the damage and that manufacturing overhead is 65% of conversion cost. The cost accountant is not sure about all of this, but he decides to see what he can do with the information.

Cost of Capital Mini Case: Cascade Water Company

November 29, 2011

Source Book : Corporate Finance: Linking Theory to What Companies Do By John Graham, Scott B. Smart, William L. Megginson

Chapter 9: Cost of Capital and Project Risk

Mini Case

Cascade Water Company (CWC) currently has 30,000,000 shares of common stock out- standing that trade at a price of $42 per share. CWC also has 500,000 bonds outstanding that currently trade at $923.38 each. CWC has no preferred stock outstanding and has an equity beta of 2.639. The risk-free rate is 3.5%, and the market is expected to return 12.52%. The firm’s bonds have a 20-year life, a $1,000 par value, a 10% coupon rate and pay interest semi-annually.

CWC is considering adding to its product mix a “healthy” bottled water geared toward children. The initial outlay for the project is expected to be $3,000,000, which will be depreciated using the straight-line method to a zero salvage value, and sales are expected to be 1,250,000 units per year at a price of $1.25 per unit. Variable costs are estimated to be $0.24 per unit, and fixed costs of the project are estimated at $200,000 per year. The project is expected to have a 3-year life and a terminal value (excluding the operating cash flows in year 3) of $500,000. CWC has a 34% marginal tax rate. For the purposes of this project, working capital effects will be ignored. Bottled water targeted at children is expected to have different risk characteristics from the firm’s current products. Therefore, CWC has decided to use the “pure play” approach to evaluate this project. After researching the market, CWC managed to find two pure-play firms. The specifics for those two firms are:

ISCOM 424 Entire Week 3

November 27, 2011

ISCOM 424 Week 3 Individual Assignment Statement of Professional Ethics

You are seeking a promotion to a supply chain management position. Your company requires each candidate to write a statement of ethics as part of the application process. Select three to five ethical considerations for supply chain managers regarding their behavior in supplier relations.

Write a 300- to 500-word paper describing the three to five ethical considerations you chose that analyzes how these issues can affect an organization’s supply chain and explains your professional goals for dealing with these ethical considerations.

Format your paper according to APA standards.

ISCOM 424 Week 3 Team Assignment Supply Chain Complexities

Research the following aspects of Riordan Manufacturing:

Mission
Value proposition
Customer-focused goals

Evaluate the individual diagrams created by each team member during Week One and identify similarities and differences between them. Discuss the differences and create one single diagram that accurately reflects Riordan Manufacturing’s supply chain.

Work together to find areas in the supply chain where inefficiencies occur.

Write a proposal of 350-750 words to the director of supply chain operations. Include the following:

ACC 230 Week 7: Nortel Networks Case (Checkpoint)

November 20, 2011

Many high-technology companies, like Nortel Networks, Micron Technology and JDS Uniphase, have written down massive amounts of their inventory. For example, Nortel Networks revalued some of its inventory parts at $0, though the inventory initially cost Nortel $650 million. Companies are required to report whether they write off the cost value (or book value) or their inventory even if they do not dispose of the inventory. Later on, they may sell this inventory but are not required to report the sale for cash of previously “worthless” inventory. The effect may be that in future years, when the inventory is sold, profits are overstated. Also in the article, JDS Uniphase said it will write off $250 million of its inventory but promised to disclose any future sale. On the other hand, Micron Technology, which wrote down $260 million, won’t disclose any future sale (Krantz, 2001). Should the Securities and Exchange Commission do anything? Why?

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Full Course ACC 250 Entire Class (Weeks 1-9) – Individual Assignments, DQs, LTAs, Final Project

November 11, 2011

Purchase ACC 250 Week 1 $4

Purchase ACC 250 Week 2 $4

Purchase ACC 250 Week 3 $4

Purchase ACC 250 Week 4 $4

Purchase ACC 250 Week 5 $4

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Purchase ACC 250 Week 7 $4

Managerial Accounting: Objective Type Questions

November 5, 2011 1 Comment

Managerial Accounting: Objective Type Questions in $2.50

1.Stevens Manufacturing Company reported the following year-end information: beginning work in process inventory, $180,000; cost of goods manufactured, $516,000; beginning finished goods inventory, $252,000; ending work in process inventory, $220,000; and ending finished goods inventory, $264,000. Stevens Manufacturing Company’s cost of goods sold for the year isa. $504,000.b. $528,000.c. $476,000.d. $252,000.2. Nolte Manufacturing Company reported the following year-end information:Beginning work in process inventory $360,000Beginning raw materials inventory $100,000Ending work in process inventory $300,000Ending raw materials inventory $160,000Raw materials purchased $320,000Direct labor $300,000

Manufacturing overhead $200,000

ISCOM 305 Week 3:Taylor Incorporated Inventory Management Challenge

October 16, 2011

Individual Assignment: Taylor Incorporated Inventory Management
Challenge

Create an 8- to 10-slide PowerPoint^® presentation with speaker notes about inventory to present to the president of Taylor Inc. Complete the elements of inventory management and the EOQ components of the presentation. Address the following requirements:
Describe elements of inventory management.
Describe the meaning of the category of inventory and explain why it is critical to manage each element.
Explain why accurate forecasting is so important to sales enhancement, customer satisfaction, and cost control.
Identify the number of units to purchase for the new distance measurement device based on the economic order quantity.
Identify the number of orders per year that must be made to take advantage of the economic order quantity.
Complete information regarding the Inventory Management Challenge activity is found on the student Web page. Submit the deliverable in your Individual forum.
Format your paper consistent with APA guidelines.

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← Older posts

Solve My Question: Home Work and Assignment Help for All Subjects

Management Accounting Questions (AC 330 Unit 2)

Reeds Clothier Case Study and Questions

Varto Company Question

Warnerwoods Company Uses a Perpetual Inventory System

Inventory Method Uses by Company

Week 3 Exercise – Inventory – Specific Identification Method

ISCOM 352 Entire Week 5 (Week Five)

ISCOM 352 Entire Week 4 (Week Four)

Full Course ISCOM 352 Entire Class (Weeks 1-5) DQs, Individual Assignments, Learning Team Assignments, PPT

Full Course MGT 330 Entire Course (Weeks 1-5) Individual Assignments, DQs and LTAs

ISCOM 305 Complete Week 5

Top Switch Inc.:Calculate cost in the Raw Materials, Work in Process, and Finished Goods Inventory

ISCOM 424 Entire Week 3

ACC 230 Week 7: Nortel Networks Case (Checkpoint)

Full Course ACC 250 Entire Class (Weeks 1-9) – Individual Assignments, DQs, LTAs, Final Project

Managerial Accounting: Objective Type Questions

ISCOM 305 Week 3:Taylor Incorporated Inventory Management Challenge

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