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1. To assist in providing new revenues to the federal government, some have proposed a value added tax (VAT) similar to those employed in the United Kingdom and Canada. What are the pros and cons of introducing this kind of national sales tax?
2. Explain the formal federal budget process. In your view, what are some of the major challenges in this process?
3. There has been considerable discussion about the U.S. debt situation. Briefly outline the current situation and responses available to the government.
4. How does the government affect policy making?
CollegePak Company produced and sold 60,000 units throughout the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were $4 per unit sold.
Rebecca owns several successful coffeehouses. Each one has its own manger and is operated independently of the others. In what ways do the coffeehouses utilize managerial accounting in the operational planning process?
Evaluate the Predetermined Overhead Rate
Plainfield Bakers manufactures and sells the popular line of fat free cookes under name Aunt May's cookies. The process Plainfield employs to manufacturer the cookies is labor-intensive; it relies heavily on direct labor.
Determine total product cost per unit for each product using an activity based costing system. Use the number of units as the cost driver for each activity.
Prepare a schedule of cost of goods manufactured for the month. Prepare a schedule of cost of goods sold for the month.
What would you include in a job description for a new cashier? How about a sales person? What is included on your job description? Are there functions you perform that are not in your job description?
What is the effect of target costing and value engineering on the use of variances?
Discuss the factors that a company must consider when deciding whether to use a job order or a process cost system. What might be the consequences to a company if they make the wrong choice?
Which of the following products would typically be accounted for using a job order costing system? Which would typically be accounted for using a process costing system?
Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $600.00; how many tickets must be sold to reach break-even?
ACT 6691, Managerial Accounting Case: - Read the case and analyze the information. Prepare a narrative report (or notes to the income statement) addressing why/how quantitative items were selected. The following items must be explained:
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