Name special purpose management accounting report for mike

Assignment Help Financial Accounting
Reference no: EM132974337

Mike smart founded Dubbo canoe Pty Ltd and later purchased Current Designs Pty Ltd, a company that designs and Manufactures kayaks. The kayak manufacturing facility is located just a few minutes from the canoe company's headquarters in North Sydney, New South Wales. Current Design makes kayaks using two different processes. First, The rotational process uses high temperatures to melt polyethylene powder in a closed rotating metal mould to produce a complete kayak hull and deck in a single piece. These kayaks are less labour-intensive and less expensive for the company to produce and sell. Secondly, Its other kayaks use the vacuum-bagged composite lamination process (which we will refer to as the composite process). Layers of fibreglass are carefully placed by hand in a mould and are bonded with resin. Then, a high-pressure vacuum is used to eliminate any excess resin that would otherwise add weight and reduce the strength of the finished kayak. These kayaks require a great deal of skilled labour as each boat is individually finished. The exquisite finish of the vacuum-bagged composite kayaks gave rise to Current Designs' tag line, "Work of art, made for life." Current Designs has the following Managers : Mike Smart, CEO Diane Buswell, Controller Deb Welch, Purchasing Manager Bill Johnson, Sales Manager Dave Thill, Kayak Plant Manager Required (Maximum 500 words for question A and B)

Problem A. Name one special purpose management accounting report that could be designed for each manager. Include the name of the report, the information it would contain and how frequently it should be issued.

Problem B. Explain what are the primary information needs of the company using Job costing and process costing in Dubbo Canoe Pty Ltd.

Reference no: EM132974337

Questions Cloud

What are the beginning and ending amounts of equity : At year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending amounts of equity
Make schedule of cost of goods sold and income statement : The data refer to Sydney Manufacturing Pty Ltd for the current year , Prepare Schedule of cost of goods sold and Income statement.
Prepare a bank reconciliation dated june : Checks outstanding on June 30 totaled $2,136.05. Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance
Prepare the consolidated statement of comprehensive income : Prepare the consolidated statement of comprehensive income and the statement of financial position of Pie Ltd and its subsidiary for the year ended
Name special purpose management accounting report for mike : Layers of fibreglass are carefully placed by hand, Name one special purpose management accounting report that could be designed for each manager.
What are primary information needs of company for mike : The exquisite finish of the vacuum-bagged composite kayaks gave rise to Current Designs' tag line. What are the primary information needs of the company
Find what estimated percent increase in net operating income : What is the break-even point in dollar sales? what is the estimated percent increase in net operating income of a 30% increase in sales volume?
What amount of consolidated net income attributable : Assuming PET uses the cost method, what amount of consolidated net income attributable to the parent (ATP) would be reported in 20X5
What is the price of the bond immediately : The yield to maturity on this bond when it was issued was 6.3%. Assuming the yield to maturity remains? constant, what is the price of the bond immediately

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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