User Account

All Pages

How does graham inc earn a profit

Assignment Help Accounting Basics
Reference no: EM131780071

Assignment

Graham, Inc.

QUESTIONS

1. Approximately how busy (relative to a normal month) was the factory in August?

2. Can you construct an income statement for a "normal" month under both absorption costing and direct costing? Analyze the profit variance for August versus a normal month.

3. Be prepared to explain the profit differences shown in Exhibits 1 and 2 (5-22,928 vs. 5+34,272) and in Exheditibit 3 (5+141,036 vs. 5-59,432).

4. Could the problem in the case ever arise with respect to annual income statements?

5. From a managerial perspective, how does Graham, Inc. earn a profit? Which costing system best reflects the basic economics of the business?

6. What do you recommend?

Reference no: EM131780071

Questions Cloud

Assess of the strategic management process : Demonstrate a systematic understanding and critical evaluation of the key assess of the strategic management process - Critically evaluate theories
Predetermined overhead rate for the year : records show the company incurred $725,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs
Bonds that connect the monomers of polymers : 1. Be able to identify which way water would move in solutions that have cells in them that may be isotonic,hypertonic, and hypotonic.
Analyze effects of the possible courses of action : (Ethics & Auditing Question) Sam works for a CPA firm. The CPA first is auditing the firms largest client which is a major corporation and an SEC company.
How does graham inc earn a profit : From a managerial perspective, how does Graham, Inc. earn a profit? Which costing system best reflects the basic economics of the business?
Discuss the accounting period scotts capital account : During the accounting period the business borrowed $20,000 from a bank, earned $6,000 of net income, and Scott withdrew $7,200 cash from the business
What it is about particular system : Please be sure to provide why or what it is about this particular system, that you found so interesting.
Realize that income taxes are irrelevant : You are evaluating two different database management systems for IIT's admissions department. The Banner I costs $800,000, has a six-year useful life.
Calculate the fixed cost of overhead : Calculate the fixed cost of overhead. Calculate the variable rate per labor hour. Construct the cost formula for total overhead cost.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd