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Hawkeye Enterprises runs a chain of drive-in ice cream stand in Iowa City during the summer season. Managers of all stands are told to act as if they owned the stand and are judged on their profit performance. Hawkeye Enterprises has rented an ice cream machine for the summer for $3,600 to supply its stands with ice cream. Hawkeye is not allowed to sell ice cream to other dealers b/c it cannot obtain a dairy license. The manager of the ice cream machine charges the stands $4 per gallon. Operating figures of the machine for the summer are as follows:Sales to the stands (16,000 gallons at $4) = $64,000Variable costs ($2.10 per gallon) = $33,600Fixed costs:Rental of machine = $3,600Other fixed costs = $10,000Operating margin = $16,800
The manager of the Coralville Drive-In, one of the Hawkeye Drive-ins, is seeking permission to sign a contract to buy ice cream from an outside supplier at $3.35 per gallon. The Coralville Drive-in uses 4,000 gallons of ice cream during the summer. Elizabeth Chuck, controller of Hawkeye, refers this request to you. You determine that the other fixed costs of operating the machine will decrease by $900 if the Coralville Drive-in purchases from an outside supplier. Chuk wants an analysis of the request in terms of overall company objectives and an explanation of your conclusion. What is the appropriate transfer price?
At Flint Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The unit sales price is:
Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of staff hours for Operating Departments 1 and 2 follow:
Monthly demand for an inventory item currently averages 160 units. The annual carrying cost is $10 per unit. Ordering cost is $60 per order. This information applies to all of the questions on this page.
For the Project, you will need to submit a written research paper which answers the following questions. This Project is due by Sunday, December 9, 2012. Please read the instructions below.
Based on the article, your review of the firm and anything else you want to bring in (e.g., comparisons with other firms); how did the firm do? How did this compare to previous periods and to expectations? If you had the money to invest, would thi..
Barry did not elect to expense any of the asset under § 179, nor did he elect straight-line cost recovery. Barry sold the asset on July 17, 2010. Determine the cost recovery deduction for 2010.
In business, there is a tension between the principals (stockholders) and agents (managers). The managers may choose policies that increase short-term profitability (and their bonuses) at the expense of long-term profitability.
The Reedy Company uses a standard costing system. The following data are available for November: The actual direct labor rate for November is:
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Not all benefits have monetary value. Companies are in business to make money, therefore the benefits should generate revenues whether directly or indirectly. As CFO of a company, what technical analysis would you do to determine the cost/benefit ..
Revenues for the year ended 31 January 20X1 were $507,000 and expenses were $330,000. Under plan (b) above prepare the partnership income statement for the year.
A company shows the following balances: sales: 800,000, sales returns and allowances: 125,000, sales discounts: 25,000, cost of goods sold: 481,000. What is the gross profit rate?
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