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!
1. As a CPA, one of your clients asks you whether his manufacturing company should include standard costs in their cost accounting system. List at least two reasons for including standard costs in your client's cost accounting system and two potential problems with including standard costs in the client's cost accounting system.
2. Southern Pecan Company grows and sells pecans. The company harvested 10,000 bags of pecans in May and sold everything that it harvested. The company's flexible budget for May was:
Bags sold
10,000
Revenue ($10/bag)
$100,000
Expenses:
Bags ($.50 each)
$5,000
Pecan orchard maintenance
$10,000
Wages and salaries ($2,400 + $.50 per bag)
$7,400
Shipping ($.40 per bag)
$4,000
Other expenses ($1,000 + $.45 per bag)
$5,500
Total Expenses
$31,900
Net operating income
$68,100
The actual results for May were:
$105,000
$5,100
$9,000
$7,900
$5,600
$32,600
$72,400
Prepare a report detailing the company's revenue and spending variances of May.
3. With the following information, compute the throughput time and the manufacturing cycle efficiency:
Wait time
12.0 days
Inspection time
0.9 days
Processing time
3.5 days
Move time
0.2 days
Queue time
2.0 days
For problems, be sure to answer all questions and provide all requested information.
4. What are the "exceptions" that management by exception considers? How does consideration of these "exceptions" assist a business in evaluating its performance?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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