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Please review the documents and answer the following questions:
Calculate the breakeven revenues for 2014 using the information given above.
1. Re-calculate the breakeven revenues if variable costs are 58% of revenues.
2. Calculate Freddie Corporation's operating income for 201 if variable costs had been 58% of revenues.
3. Discuss the following issues by answering the questions: * What are the ethical issues involved in this case? Explain your answer. * How do these issues relate to rules-based standard setting and principles-based standard setting? * Do you feel that the Production Manager is acting improperly or immorally? Why or why not? Please explain your response. * What stakeholders would be affected if the Controller implemented the Production Managers suggestions? Why?
Attachment:- Assignment.rar
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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