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Choose an item that you would like to manufacture. You do not actually need to manufacture something, but will proceed through the assignment as if you were planning on manufacturing the item you have selected. The product should require materials and labor and be something that you are familiar with in process from start to finish. The product must be useful and marketable. You can choose something as simple as making chocolate chip cookies, a type of craft, or something more complicated. Consider production as if you were making the product from beginning to end, and not as if using a kit.Perform the following steps:
Your final project should be in the form of a paper using Microsoft Word that addresses each of these different areas. Steps #1, 6, 7 and 8 will be in paragraph form and Steps #2, 3, 4 and 5 will involve numerical calculations that should be put into the form of a table in proper format and included as part of the paper. You should show any calculations in either a table within Word or you can copy and paste your calculations directly from Microsoft Excel into Microsoft Word. Your paper should be 3-6 double-spaced pages (body of the paper) and should follow CSU-Global APA formatting. You should also cite any references that you use.
We want a flexible budget because costs are too hard to predict. We need the flexibility to change budgeted costs as input price change. Does a flexible budget serve this purpose? Explain.
the relative price of chicken has increased, so Brain would be expected to purchase less both are true, what is the difference?
How much cash did "Lawson Software inc,." provide from operating activities for the current year and prior year? What was the rate of change from 2009 to 2010? How does this rate of change in operating cash flow compare to the rate of change in..
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show dollar amounts.
Evaluate the number of shares to be used in determining diluted earnings per share for 2013.
Is this ever discussed by management in the financials? Explain how might management minimize the impairment loss if one is reported? Consider the two steps of the process for determining impairment.
During 2010, the S corporation reported an $80,000 ordinary business loss and no separately stated items. Explain how much of the ordinary loss is deductible by Jamaal if he owns 50% of the S corporation?
The Assembly Division of the same company needs a part that is just like Product A. The Assembly Division can choose whether to buy Product A from an outside supplier for $14.15 or buy it internally from the Parts Division. and evaluate the most ..
If the investment is of a type that produces a tax credit of 40% of the amount of the expenditure, explain by how much will Roger’s tax liability decline because of the investment?
What is the inventory turnover for 2010? Ilustrate what is the accounts receivable turnover for 2010?
Which of the subsequent methods of determining annual bad debt expense best achieves the matching concept?
describe how to avoid making suboptimal decisions. Your discussion should be supported by research and real world examples.
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