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Assume that for the second quarter in row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the second quarter but actual results were only $197,000 in profits. The division management insists that the budgets were developed realistically but admits sales were down. The division has been under pressure to improve profitability. Corporate Management has asked you to identify the primary cause of the shortfall â?" revenue or costs?Address the following as you develop your answer to Corporate.
1. How will you approach your analysis of the situation?
2. What variance analysis and / or trends would be helpful to evaluate? What are three possible situations that could be the cause for the shortfall in profits?
3. What actions would you recommend for these three possible situations?
4. What recommendations would you make to management to improve the budget process for next year?
Ridge company is in the process of determining its reportable segments for the year ended December 31 2012. As the person responsible for determining this information, you gather the following information.
The president asks you to compare the alternatives on a total-annual-cost basis and on a per-unit basis for annual needs of 60,000 units. Which alternative seems more attractive?
Write about Best buy about their Financial Statement Analysis
The Houston Armadillos, the minor-league baseball team, play their weekly games in small stadium just outside Houston. The stadium holds 10,000 people and tickets sell for $10 each.
Each gallon of Old Guard, a popular aftershave lotion, requires 3 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2013 is:
Define and describe activity based costing. Also employ some real-life examples of how companies implement this management tool. Offer some comparisons and contrasts and pros and cons from different stand points on this topic.
Find out the value for the manager in conducting a cost-volume-profit analysis.
Write down the main components of cost-volume-profit (CVP) analysis. How does a CVP income statement aid management make decisions?
Write down the benefits of standard costs and how do businesses set those standards.
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:
What are some of the nonfinancial measures provided by managerial accounting to assist managers in the decision-making process?
The Coastal Landscaping and Snow Removal company employs normal costing to assign overhead costs to firm's various jobs. Labor is charged to jobs at $25 per hour and for upcoming winter session, overhead is estimated at $200,000 for $10,000 hours ..
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