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Select a city or state in the United States (or Canadian city or province), and employ the Internet to explore the annual budget of governmental unit you selected. For example, you could check out budget for Los Angeles at www.losangeles.com.
Alternatively, take a look at the U.S. federal budget at www.fms.treas.gov/annualreport/index.html. List three items in the budget that you found surprising or particularly interesting, and explain why.
Prepare Company financial statements
Recognize tools for changing the budget and describe the process. Do you think this process is proper, or do you think it lets changes to be made without proper oversight?
What are the major differences between job-order costing and process costing systems?
Why would a business like UPS or eBay be concerned with looking at contribution margin by market segment? Can you recognize kinds of market segments?
Some firms have a lot of fixed costs and a few variable costs, while other firms are configured the other way around. What effect do you think the existence of a high proportion of fixed costs has on the desirability of using ABC methods?
Dealing with people is probably the most difficult thing we will ever encounter in life.
This question is on variance analysis in managerial or cost accounting. More specifically, it asks for computations of direct material price variance, direct material efficiency or usage variance, the flexible budget variance, and determining whet..
Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.
What would be some particular examples of advantages and disadvantages of job order costing?
In 2010, the Bayside Chemical Company prepared the following analysis of an investment proposal for a new manufacturing facility: . Do you have any suggestions that might increase the project’s net present value? (No calculations are required.)
Describe how the following affect the break-even point: increase or reduce in unit sales price, increase or reduce in variable cost per unit, increase or reduce in fixed costs.
Why might managers find out a flexible budget analysis more informative than the strategic-budget analysis? Describe your rationale. How might a manager gain insight in the causes of the flexible-budget variance for direct materials?
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