Campbell soup company provides access

Assignment Help Managerial Accounting
Reference no: EM13912788

Campbell Soup Company provides access to its annual reports online at www.campbellsoup.com.
The annual reports are found in the "Our Company/Investor Center/Financial Information/Annual Reports" area of its website. Locate the following information in the annual reports provided for 2011, 2010, and 2009:
1. From the notes to consolidated financial statements, find the composition of the beginning and ending inventory for each of the following accounts: Raw Material, Work in Process, and Finished Goods.
2. From the consolidated statements of income, find the amount for Cost of Sales.
3. From the consolidated balance sheets, find the amount for Inventories.
4. From the management's discussion and analysis, find the overview section that explains Gross Profit.

Required:

a. Calculate the cost of goods manufactured for 2011, 2010, and 2009.
b. Calculate the total amount of combined cost incurred in 2011, 2010, and 2009 for raw material, direct labor, and manufacturing overhead.
c. From the 2011 "Management's Discussion and Analysis of Financial Condition and Results of Operations," identify the ratio of cost of sales to net sales.
Comment on the overall trend.
d. Review Chapter 11 if necessary and calculate the inventory turnover and day's sales in inventory for 2011, 2010, and 2009. Comment on the overall trend. 

Reference no: EM13912788

Questions Cloud

Difference in the amount of the standard deduction : Sam and Abby are dependents of their parents, and each has income of $2,100 for the year. Sam’s standard deduction for the year is$1,050, while Abby’s is $2,450. As their income is the same, what causes the difference in the amount of the standard de..
Journalize transactions and general ledger : Journalize these transactions and post in general ledger
Corporate financial accounting : PR 2-2A and PR 2-5A in the book Corporate financial accounting Warren/Reeve/Duchac 13e.
Net income : If the firm holds the sales price constant and makes the suggested changes, how many units of product will the company have to sell to make the same net income as last year
Campbell soup company provides access : Campbell Soup Company provides access to its annual reports online at www.campbellsoup.com.
Calculate the cost of goods manufactured : GrandSlam, Inc., incurred the following costs during March:
Write a function with the heading function range : Write a function with the heading: function Range ( var a : intarray ; n : natural ): natural whose value is that of the range of the elements of the array a , that is, the difference between the maximum and minimum elements.
Traditional ira : The life insurance policy was taken out by Lance several years ago and designates Wanda as the beneficiaryprovides for her own retirement with a traditional IRA obtained at a local trust company. Because the mayor is a member of the local Chamber of ..
Prepare a statement of cost of goods manufactured : a. Prepare a statement of cost of goods manufactured for the month of August and calculate the average cost per unit of product manufactured.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  A list of budgeted costs

You have been provided with a list of budgeted costs and asked to devide them into two different cost pools as part of your accounting process. You use the ABC method and accummulate costs into logical cost pools. The list of costs need to be divided..

  Sager company manufactures variations of its product

Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers.

  Relevant cost-comptronics

CompTronics, a manufacturer of computer peripherals, has excess capacity. The company's Utah plant has the following per-unit cost structure for item no. 89:

  Compute kimms total standard cost per unit

Kimm Company has gathered the information about its product - Compute Kimm's total standard cost per unit.

  Variable costing-financial reporting

Why is variable costing not allowed for financial reporting purposes?

  Prepare a flowchart using job order cost system

Knox Company begins operations on January Because all work is done to customer specifications, the company decides to use a job order cost system.

  Compute the before-tax npv of the new lift

Compute the before-tax NPV of the new lift and advise the managers of Deer Valley about whether adding the lift will be a profitable investment. Show calculations to support your answer.

  Compute the division profit margin and investment turnover

A company's shipping division (an investment center) has sales of $ 2,420,000, net income of $ 516,000, and average invested assets of $ 2,250,000.

  Prepare a general journal entry summarizing for the month

Prepare a general journal entry summarizing for the month each of the above categories of transactions. Explanations may be omitted.

  Finlon upholstery inc uses a job-order costing system to

finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process

  Cost management systems-peoria implements

Peoria Implements Company produces farm implements. Peoria is in the process of measuring its manufacturing costs and is particularly interested in the costs of the manufacturing maintenance activity, since maintenance is a significant mixed cost.

  Fixed- and variable- cost pools

Suppose one predetermined rate per copy was used to allocate all photocopy costs. What rate would be used and how much cost would be allocated to the Public Works Department in August?

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