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1. Management accounting is a planning, controlling, and decision-making tool. Consider the features of management accounting and respond to the following: Do you agree that management accounting provides economic information for all interested parties? What other types of information does management accounting provide? Explain with examples. 2. Decision making is one of the many functions that managers have to perform. Consider the functions of management and respond to the following: Do you think that decision making is the most important function of management? Explain by comparing the decision-making function with any other managerial function (i.e. planning, organizing, leading, controlling, etc.).
Use variance analysis to explain the causes of the increase in revenue from 2007 to 2008. Show your computations neatly, and clearly label the appropriate variances.
Advise managers whether or not this contract is profitable. Evaluate any additional information that managers need to consider before accepting or rejecting this contract
Determine the Number of lollipops that must be sold to reach this target and determine the DL and DM budget needed to reach this target.
Determine the amount of net income that Rhea and Sellevaeg would receive under each of the independent assumptions
Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor hours. The company has provided the following data concerning its fixed manufacturing overhead costs in March..
uppose the company decides that only 1,400 units can be sold at a price of $5,000 and, therefore, the target cost cannot be reached. The company is considering. dropping the steam feature, which adds $600 of variable cost per unit. With this featu..
Calculate the material handling rate that would have been used by Eloise Smiths predecessor at East Coast Marine and calculate the revised material handling costs to be allocated on a per purchase order basis.
Determine the length of the inventory conversion period. Determine the length of the receivables conversion period. Determine the length of the operating cycle. Determine the length of the payables deferral period.
Prepare the journal entry for Green Company and assume that the exchange lacked commercial substance. Prepare the journal entry for Ice Mountain Company.
Compute the balances of the inventory accounts and show how they are disclosed in the financial statements and prepare an income statement for the month ending March 31, 2013. Operating expenses are $44,000 and income tax expense is 20% of income ..
Calculate the amount of joint cost allocated to commercial building lumber (CBL) on a physical units basis. Calculate the amount of joint cost allocated to the mine support braces (MSB) on a relative-salesvalue basis.
Advise managers whether or not this contract is profitable. All assumptions must be clearly stated.
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