User Account

All Pages

Is a reasonable attitude and explain why

Assignment Help Managerial Accounting
Reference no: EM133011657

Problem a) Ali and Johan are best friends who used their savings and all the monetary gifts they received during graduation to start their own business manufacturing different kinds of facemasks, given the high demand. "We don't need a product costing system. We are a small manufacturer with a just in time approach so our inventories are minimal. We have no influence over the product price; whatever the big manufacturers do, we follow. Our accountant only comes in during Fridays and she is already far too busy to bother with a product costing system." Is this a reasonable attitude? Explain why.

Reference no: EM133011657

Questions Cloud

Discuss types of information management accountant : Discuss types of information management accountant provide to assist management in a business that considers product quality to be of key strategic importance.
What total amount should be reported : Grand Company reported the following accounts at the end of reporting period; What total amount should be reported as non - current investments
Describe the type of costing system : Describe the type of costing system that is most appropriate for each type of service organisation. Identify the key features and give an example of a service.
Prepare journal entries on insto books to record information : Prepare journal entries on Insto books to record the preceding information, including the adjusting entry at the end of the year and payment of note at maturity
Is a reasonable attitude and explain why : Is this a reasonable attitude? Explain why. Ali and Johan are best friends who used their savings and all the monetary gifts they received.
Differences between remote-access and site-to-site VPN : What is the differences between remote-access and site-to-site VPN? describe the two main IPsec protocols? What OSI layer(s) IPsec framework can protect?
What is hunter cellars break-even point in units : If Hunter Cellars has a target profit of $570,000.00 how many bottles of wine would it have to sell? What is Hunter Cellars break-even point in units
Calculate the relevant costs for harry pies : Calculate the relevant costs for Harry's Pies if it continues to make its own pies. Harry's Pies currently makes the crust in-house for the various pies.
Determine the standard material cost of ten litre container : Boysen Industries manufactures outdoor paints used. Determine the standard material cost of a 10 litre container of the new paint for Boysen Industries.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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