Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Butterfly Kitchens Inc. (BKI) makes herbal remedies for many common illnesses. The remedies are available in kits that sell for $34 each. BKI projected sales of 75,000 kits in its first year. Budgeted variable costs per kit were $12.25. In its first year, BKI sold 63,250 kits at a price of $36 each.
BKI's projections for the first year were based on an expected 12% of the total herbal remedy market (expected total market size of 625,000 kits). Actual results at the end of the first year were 11.5% of the total herbal remedy market (actual total market size of 550,000 kits).
Required -
a) Calculate the sales price and sales volume variances for BKI's first year.
b) Calculate the market share and market size variances for BKI's first year.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd