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Several writers have drawn attention to the ‘contingent variables' which determine management accounting information systems. Identify, and discuss the significance of, such contingent variables and examine the practical value of the contingency theory of management accounting.
From an analysis of the T-accounts, reconstruct the October transaction entries, and the adjusting journal entries that were made on October 31, 2012. Prepare explanations for each journal entry.
In what fundamental ways is activity based costing different from traditional costing methods such as job order costing? Please make sure you address why direct labor is a poor base for allocating in many companies.
Compute the unit manufacturing costs of each product under a traditional (i.e. volume based) costing system using "direct labor cost" as the allocation basis. 2. Compute the unit manufacturing cost of each product under the activity-based costing sys..
1. a company purchased equipment for 20000. management estimates that the equipment will have a useful life of five
Journalize the adjusting entry for bad debts at December 31, 2013 - Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of 51,700 and the aging schedu..
Analyse the annual reports of your chosen companies in light of the standard requirements - Compare and contrast the two annual reports, identify the differences in disclosures of executive compensation schemes and employee benefits.
List and describe four potential problems with a "traditional" overhead allocation system and list and describe four "red flags" that may indicate you should consider revising your overhead allocation system.
A budgeted income statement for the two options: paying 20% commission to sales agents and hiring own salespeople and breakeven point for the above two options
Describe how the high-low method of cost estimation can be used in estimating the fixed cost component of a mixed cost in a business.
Stanley Works is one of the companies you looked at in the job-order costing vs. process costing. Which type of costing do you think that company uses, process costing or job-order costing?
Do the pension worksheet and create the journal entries needed to reflect the above activity.
a consulting firm produces a service that requires the use of labor and materials. each unit of service requires a
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