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Assume that for the second quarter in row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the second quarter but actual results were only $197,000 in profits. The division management insists that the budgets were developed realistically but admits sales were down. The division has been under pressure to improve profitability. Corporate Management has asked you to identify the primary cause of the shortfall â?" revenue or costs?Address the following as you develop your answer to Corporate.
1. How will you approach your analysis of the situation?
2. What variance analysis and / or trends would be helpful to evaluate? What are three possible situations that could be the cause for the shortfall in profits?
3. What actions would you recommend for these three possible situations?
4. What recommendations would you make to management to improve the budget process for next year?
Describe how a job analysis increases productivity, aids in job description creation, and guides employee team formation.
Jackson Construction Company uses a job order costing system. In May 2008, Jackson made a $1,650,000 bid to build a pedestrian overpass over the beach highway in Gulfport, Mississippi.
Prepare Photo Artistry Company's master budget for 2014 by completing the schedules Prepare a memo for Photo Artistry Company identifying issues that management should consider in order to improve the profitability of the company; provide some r..
Needham Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information for Needham for 2008 are as follows:
What is a service or product in McDonald's which can employ activity based costing? What are three activities for activity based costing and the correct cost drivers for them? Give an estimate for application rates of these drivers.
Select a "market segment". Research demographic and psychographic information regarding this segment.
Avitar Corporation manufactures the line of computer memory expansion boards employed in microcomputers. The average selling price of its finished product is $175 per unit. The variable cost for these same units is $115. Avitar incurs fixed costs ..
Hampstead company's order entry department has 20 order entry operators. The cost associated with these 20 operators (salaries, fringe benefits, and supervision, as well as occupancy and equipment costs) is $873,600 per year.
Michaels Company segments its income statement in its east and west divisions.The company's entire sales, contribution margin ratio, and net operating income are $600,000, 50%, and $50,000, respectively.
Recognize which costing system - job order or process cost - the following companies would use:
Evaluate the total cost of the work in process inventory on January 31. Determine the cost of jobs completed during January, and show the proper journal entry to reflect job completion.
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.)
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