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You are the management accountant of MB plc, a company producing electrical goods. The MD has asked you to analyse the performance of one of its products the 'Toastie', which has performed poorly in the financial year just ended.The budgeted information for the year is as follows:
Required:
Write a short essay on how management accounting can help the managers of an organization to run their business efficiently?
Determine the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method.
What would Slosh's total dollar sales have to be next year to generate a profit of $90,000 and accumulate costs of idle capacity and organization-sustaining costs.
What are the key features of JIT production? Compare the operating performance of the Frankfurt and Stuttgart plants in 2007. Comment on any differences you observe.
Kristen is unsure about whether she should use her own car or rent a car to go on an extended cross-country trip for two weeks during spring break. What costs above are relevant in this decision? Explain.
Prepare a cash budget for the months of October, November and December 2015. Write a report on the cash position over this period, and in particular on ways in which you think it could be improved.
Compute the balances of the inventory accounts and show how they are disclosed in the financial statements and compute the ending balance of factory overhead.
Estimate the company's total variable cost per unit and its total fixed costs per year and compute the company's contribution margin for July.
What are some of the potential problems which might be encountered in changing from a budget to a cost estimation movie making system?
Pottery Ranch Inc. has been manufacturing its own finals for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 63% of direct labor cost.
In Exercise 16-6, Changes in current asset and current liability accounts for the year that relate to operations
Discuss the three major trends that have prevailed in international business during the last two decades.
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