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Assigning Responsibility Kristen Langdon, the sales manager at a large bicycle manufacturer, has secured an order from a major department store that is due to ship on November 1. She is eager to please the department store in the hope of getting more future business. She asks Bryan Collins, the company's purchasing agent, to procure all necessary parts in time for production to begin on October 10. Bryan orders the parts from reputable suppliers, and most of them arrive by October 7. George Watkins, the production manager, begins production as scheduled on October 10, although the gears that Bryan ordered were delayed because of quality control problems at the manufacturer. Bryan assures George that the gear shipment will arrive before October 16 when those parts are scheduled to be attached to the bicycles. The shipment finally arrives on October 18 after production has been delayed for two days.
Required: Which department should bear the responsibility for the two days' downtime? How can similar problems be avoided in the future?
Produce a schedule of transactions under appropriate headings for each account and total each account and produce a statement of comprehensive income and statement of financial position.
Calculate the Net advantage of closing the Downtown Store and what recommendation would you make to the management of Thrifty Markets, Inc.?
Compute the February conversion costs in the Filtration Department and the Filtration Department completely processed 150,000 liters in February.
What is the actual per-unit cost? The bid price is based on expected costs. How much did Nutratask gain (or lose) because of the actual costs differing from the expected costs? Suggest some possible reasons why the actual costs differed from th..
Kobayashi LLP wants a cash budget for the next three months, beginning January 1, 2015. The company desires an ending minimum cash balance of $10,000 each month. An open line of credit is available at a local bank for any borrowing that may be nee..
Compute operating profit for March and April 2012 using variable costing and reconcile and explain why the income was different each month using the two methods.
Debits to the accumulated depreciation accounts are made whenever depreciable plant assets are sold or retired. Thus, the book value of plant assets sold or retired during the year was $40,000
Compute the debt-to-equity ratio assuming that debt is defined to include all liabilities, debt is defined to include just interest-bearing debt, and debt is defined to include just long-term, interest-bearing debt.
Angie prices the cookies at $3.56 each. Suppose that Angie can sell cracked cookies for $1.10 each. What could Angie price each cookie?
What is the main factor for a company in choosing between the job order costing and process costing accounting systems? Give two likely applications of each system.
Determine Ending Accounts Receivable your accounts receivable clerk, Mary Herman, to whom you pay a salary of $1,500 per month, has just purchased a new Buick.
questionjo company has the following budgeted
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