Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Flexible Budget and variance analysis based on same.
As sales manager, Terry Dewitt was given the following static budget report for selling expenses in the Clothing Department of Garber Company for the month of October.
GARBER COMPANY
Clothing Department
Budget Report
For the Month Ended October 31, 2008
Difference
Favorable F
Budget
Actual
Unfavorable U
Sales in units
8,000
10,000
2,000
F
Variable expenses
Sales commissions
$ 2,000
$ 2,600
$ 600
U
Advertising expense
800
850
50
Travel expense
3,600
4,000
400
Free samples given out
1,600
1,300
300
Total variable
8,750
750
Fixed expenses
Rent
1,500
-0-
Sales salaries
1,200
Office salaries
The taxpayer has consistently, but incorrectly, used an allowance for bad debts. At the beginning of the year, the balance in the allowance account is $90,000
Describe why overhead cost shifted from the high-volume product to the low-volume product under activity-based costing.
Evaluate the product factory overhead costs, using (a) the direct labor hours plant-wide factory overhead rate and (b) the machine hour plant-wide factory overhead rate.
How will what you learned in this problem help you determine an investment and variable costing Plant assets:
Prepare a properly formatted, multi-step Income Statement (i.e. showing intermediate profit lines Gross Profit, NOI, EBITDA, EBIT, EBT, and NI, as required). Per Share presentation of income data is not being requested.
Determine the net incomefrom the given data - Variable and absorption costing unit product costs and income statement; Explanation of Difference in Net Operating Income
For each model, evaluate the contribution margin per unit. and For each model, compute the contribution margin per machine-hour.
Evaluate Jon's adjusted basis in his EFG Inc. stock after the distribution?
Compute Janice Morgan's 2011 Federal income tax payable. If you use tax forms for your computations, you will need Forms 1040 and 4562 and Schedules A, B, C, and SE. Suggested software: H&R BLOCK At Home.
Evaluate owner's equity at the end of 2008 and 2009? and If Nobel paid dividends of $100 in 2009, and made no stock issues. what must have been net income during the year?
Describe why the fair value of a company's assets is used in the preparation of combined financial statement
Which of the subsequent methods of determining annual bad debt expense best achieves the matching concept?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd