Ace is a cma working in a new assignment as an assistant to

Assignment Help Cost Accounting
Reference no: EM13376621

Ace is a CMA working in a new assignment as an assistant to Sally, the head manager of a production department. Ace notices the department has over-applied factory overhead in each of the last ten years. Ace asks Sally about the pattern and is reminded that bonuses depend on meeting budgets and that Ace should not question estimates used by Sally.

a. Why would the manager do this?

b. What is the harm to the company?

c. What should Ace do, and why?

d. What actions should Ace avoid, and why?

Reference no: EM13376621

Questions Cloud

Hazel holden and cedric dalton are organizing calgary : hazel holden and cedric dalton are organizing calgary metals unlimited inc. to undertake a high-risk gold-mining
Write a two-page action plan discussing how you would : write a two-page action plan discussing how you would obtain an understanding of key business processes of a company
The income statement approach to estimating uncollectible : the income statement approach to estimating uncollectible accounts expense is used by landis company.on february 28 the
Clarke company uses the periodic inventory method and had : clarke company uses the periodic inventory method and had the following inventory information available unitsunit
Ace is a cma working in a new assignment as an assistant to : ace is a cma working in a new assignment as an assistant to sally the head manager of a production department. ace
Required write a report to the client geolab exploration : required write a report to the client geolab exploration limited which covers the followinga. a two-column common-size
1 differentiate between the accounting provisions for : 1 differentiate between the accounting provisions for revenue recognition for patient revenue and bad debts for
Part-1university loan funds can readily be accounted for : part-1university loan funds can readily be accounted for within the general framework applicable to not-for-pro?t
Investment losses cannot be accounted for as the mirror : investment losses cannot be accounted for as the mirror image of investment gains. on december 31 2013 the child crisis

Reviews

Write a Review

Cost Accounting Questions & Answers

  Determine octobers expected cash payments for purchases

Powerdyne Company's cost of goods sold is consistently 60% of sales. The company plans to carry ending merchandise inventory for each month equal to 40% of the next month's budgeted cost of goods sold. All merchandise is purchased on credit, and 5..

  Junius and caesar orally agreed to become partners in a

junius and caesar orally agreed to become partners in a food testing business. caesar who had experience in food

  Smith paints allocates overhead based on machine hours

smith paints allocates overhead based on machine hours. elected data for the most current year follow. estimated moh

  Do you agree with the marketing managers prop

Compute the break-even point in dollar sales for the company under the new marketing strategy. Do you agree with the marketing manager's prop

  Compute the amount of gross profit

Compute the amount of gross profit from the sales in July and prepare journal entries to record the following July transactions and events.

  Overhead cost allocated to beta

Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets to its commercial customers.

  Compute the degree of operating leverage

Compute the degree of operating leverage that the company would expect to have on December 31 and compute Pittman Company's break-even point in sales dollars.

  Schedule of cash flows from operating activities

Cash flows from operating activities, indirect method - Prepare a schedule of cash flows from operating activities using the indirect method.

  What are the warranty expense balances for 2014 and 2015

Merritt Equipment Company sells computers for $1,790 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2014, the company sold 850 computers.

  Denise and eric are partners in ed partnership eric owns 60

denise and eric are partners in ed partnership. eric owns 60 capital profits and loss interest. eds only liabilities

  What is fixed cost as defined for activity-based-costing

What steps are involved in planning the costing framework, how much time should be expended on account review and what is fixed cost as defined for Activity-Based-Costing("ABC"

  How do you feel about the future of the company

How do you feel about the future of the company and what changes would you recommend to management and why? Be as specific as possible.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd