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Wolsey Industries Inc. expects to maintain the same inventories at the end of 2014 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during 2014. A summary report of these estimates is as follows: Wolsey Industries Inc. expects to maintain the same inventories at It is expected that 21,875 units will be sold at a price of $ 160 a unit. Maximum sales within the relevant range are 27,000 units. Instructions 1. Prepare an estimated income statement for 2014. 2. What is the expected contribution margin ratio? 3. Determine the break- even sales in units and dollars. 4. Construct a cost- volume- profit chart indicating the break- even sales. 5. What is the expected margin of safety in dollars and as a percentage of sales? 6. Determine the operatingleverage.
Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June and compute the budgeted cash receipts for March. Rember to think in terms of when actual cash is planned to be received. I..
Evaluate and use quantitative and qualitative information to measure financial and non financial performance of an organisation
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Research and find financial statements for two companies of your choosing. Drawing on information from this module and the course, analyze the statements and write an essay summarizing which of the two is a better investment.
Prepare a budgeted income statement and a budgeted statement of retained earnings for the year ended December 31, 2013, using absorption costing.
Production budget in units and direct material usage budget and direct material purchases budget, direct manufacturing labour cost budget
Calculate the firm's break-even point in units of production and predict the firm's profitability if volume is 1,200 units.
Abraham Company uses process costing to account for its production costs. Direct labor is added evenly throughout the process.
Bell Company, a manufacturer of audio systems, started its production in October 2014. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store int..
In December 2012, Shire Computer's management establishes the year 2013 predetermined overhead rate based on direct labor cost.
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