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Assume you are the division controller for Auntie M's Cookie Company. Antie M has introduced a new chocolate chip cookie called Full of Chips, and it is a success. As a result, the product manager responsible for the launch of this cookie was promoted to division vice president and became your boss. A new product manager, Morgan notices that the Full of Chips cookie uses a lot of chips, which increases the cost of the cookie. As a result, Morgan has ordered that the amount of chips used in the cookies be reduced by 10%. The manager believes that a 10% reduction in chips will not adversely affect sales, but will reduce costs, and hence improve margins. The increased margins would help Morgan meet profit targets for the period. You are looking over some cost of production reports segmented by cookie line. You notice that there is a drop in the materials costs for Full of Chips. On further investigation, you discover why the chip costs have declined (fewer chips). Both you and Morgan report to the division vice president, who was the original product manager for Full of Chips. You are trying to decide what to do if anything. Discuss the options you might consider.
What are the combined total department costs for the producing departments after allocating the service department costs?
he gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?
the chart of accounts is many times described in financial accounting as the central element of a general ledger
at january 1 2010 xyz company reported total assets of 400000 total liabilities of 150000 and total equity of 250000.
Sanchez Co. sells flags with team logos. Sanchez has fixed costs of $ $602,000 per year plus variable costs of $5.50 per flag. Each flag sells for $12.50.
company took loans of 400000 from mbl as well as issued 8 debentures of 500000b as collateral security pass journal
the following data pertain to activity and costs for two recent monthsoctobernovemberactivity level in
dividends per sharemichelangelo inc. a software development firm has stock outstanding as follows 30000 shares of
Albert tranfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note payable in the amount of $80,000. Gold assumes Albert's mortgage on the land of $200,000.
Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.
at a volume of 20000 units dries reported sales revenues of 1000000 variable costs of 300000 and fixed costs of 260000.
army-navy surplus began march with 70 tents that cost 20 each. during the month amy-navy surplus made the following
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