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Expected manufacturing costs for Imperial Data Devices are as follows:
Variable Costs Fixed Costs per MonthDirect material $7.00/unit Supervisory salaries $12,000Direct labor 3.75/unit Factory depreciation 10,000Variable overhead 2.80/unit Other factory costs 3,750
Estimate manufacturing costs for production levels of 11,000 units, 13,500 units, and 16,000 units per month.
11,000 units $13,500 units $16,000 units $
Which if the following statements are correct?
Needham Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Needham for 2008 are as follows:
Do you think that companies are worried about disclosing too much information if it comes to segment reporting? What's wrong with the reporting too much information? What do you think their main concerns include?
Rebecca owns several successful coffeehouses. Each one has its own manger and is operated independently of the others. In what ways do the coffeehouses utilize managerial accounting in the operational planning process?
What is the break-even point in boxes of candy for the company under the existing situation? What selling price per box must the company charge to cover the 15% increase in the cost of the raw materials i.e., candy, and still maintain the current c..
For what is cost-volume-profit (CVP) analysis used? What are some of the key underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?
Some firms have a lot of fixed costs and a few variable costs, while other firms are configured the other way around. What effect do you think the existence of a high proportion of fixed costs has on the desirability of using ABC methods?
Determine total product cost per unit for each product using an activity based costing system. Use the number of units as the cost driver for each activity.
Why is variable costing not allowed for financial reporting purposes?
Dealing with people is probably the most difficult thing we will ever encounter in life.
Do the pension worksheet and create the journal entries needed to reflect the above activity.
Determine the ending finished goods inventory. What was the cost of indirect labor? What was the amount of factory overhead applied? Determine total manufacturing costs incurred during 2007. What was the cost of good manufactured?
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