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Cost Accounting Assignment - Profitability Analysis Discussion
Bob, A cost accountant prepares a product profitability report for his boss, Tom, the production manager. Much to Bob's surprise, almost one third of the company's products are not profitable. He say, "Tom, it looks like we will have to drop one third of our products to improve overall company profits. It's a good thing we decided to look at profitability by product." Do you think Bob should agree with this approach? Why? What questions would you ask in order to make a better decision on dropping the products?
Manufacturing overhead is applied at a rate of 120% of direct labor costs. What is the total amount to be budgeted for manufacturing overhead for the month
Assess the project performance to date. Do you get to have the celebration? What are the SV, CV, SPI, and CPI for the project?
Assume there was no spoilage. The equivalent units to be used to calculate average conversion costs for May for the Finishing department
Derive the cost equation for selling expenses. (Hint: y ¼ a þ bx þ cy.) Assume that Seattle sells 50,000 units during the period. Budgeted sales totaled 65,000 units at a budgeted sales price of $5.50 per unit.
Added this month is $660,000. Cost of the units transferred to the next department is $247,500. How much is the material unit cost in September?
Weighted average costing methods. Why would a company choose to use FIFO costing? Why would a company choose to use weighted average costing?
Using the FIFO method, compute for the adjustment for lost units if the normal loss occurred at the end of processing
Sales revenue and cost of goods sold from the main product were P2,500,000 and P2,000, 000 respectively. Compute the gross margin
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Find a table indicating the most economical order quantity. A Company has estimates that 36,000 Ring Binders Will be needed next year.
Calculate the cost per unit of February production of 4,260 toy flutes - calculate the ending inventory value of the toy flutes still in inventory at February 28.
Determine how much owners equity increased for the month. Increase in owner's equity and compute the amount of net income for the month
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