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Ace is a CMA working in a new assignment as an assistant to Sally, the head manager of a production department. Ace notices the department has over-applied factory overhead in each of the last ten years. Ace asks Sally about the pattern and is reminded that bonuses depend on meeting budgets and that Ace should not question estimates used by Sally.
a. Why would the manager do this?
b. What is the harm to the company?
c. What should Ace do, and why?
d. What actions should Ace avoid, and why?
The Motor Vehicle Repair Fund ordered supplies at an predictable cost of $92,000 and the supplies ordered in (1) were received at invoice costs of $91,400; these invoices were approved for payment.
You are to Prepare the Wardens-2019 2012 Form 1040 Joint Individual Tax Return, including Schedules A, B,, C, D, E, and F and Forms 2106, and any other form which you think is appropriate.
Principal business activity is plumbing installation and repair and its business code number is 238220. It files its income tax returns on this calendar-year basis.The partnership requires maximizing its cost recovery deductions for tax purposes
Evaluate the estimated cost of each of the toppings lost in the fire. What factors could cause the estimates to be over- or understated?
Who are the potential stakeholders involved and what alternatives does Fred have in this situation? What might the company do to prevent this situation from occurring?
Theory of Interest- Non-annual interest rates and annuities
What would be the effect on the profit of the whole company, if the Training Centre was closed at the beginning of the New Year? Given the allocated costs at 10% of revenue, calculate the number of workshops that must be offered to break-even.
Example on Intangible assets and the benefits are expected to last six years.
Evaluate the cost per equivalent unit for materials and conversion costs. Determine the cost of items completed during November and determine the cost of ending Work in Process.
The Prepaid Insurance account had a $4,000 balance on 31 st December, 2012. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at 31 st December, 2013.
With an annual production rate of 5,000 units, how long will it take to reach break-even point of using automated equipment?
Evaluate the cost of the ending inventory of three methods
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