Does mary want the percentage completion to be increased

Assignment Help Managerial Accounting
Reference no: EM132530609

Mary is the production manager of the potato chip division. She gets bonus equal to 10% of her base salary if the division meets its target profit. She realized that the preliminary profit figures for the division is $10,000 below the target profit. She is considering changing the estimated percentage completion with respect to materials and conversion in ending work in process inventory of the final processing department to increase the profit.

Question 1: Does Mary want the percentage completion to be increased or decreased? Briefly explain your reasoning. Do you think Mary should change the percentage completion? Why or why not?

Reference no: EM132530609

Questions Cloud

What promises to be an emotional trial : In attendance at the courthouse will be news organizations, fundamentalist religious groups, white supremacist groups, and civil rights groups, all picketing.
What is the equity at the end of the year : During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at the end of the year
Explain how firms can increase net operating income : Identify and discuss the ethical issues involved in the decision top executives in the big three auto companies made about the level of production.
How important are law enforcement policies : Contemporary law enforcement agencies duties to the public still consist of investigating crimes and apprehending suspects. The purpose of the criminal.
Does mary want the percentage completion to be increased : Does Mary want the percentage completion to be increased or decreased? Briefly explain your reasoning. Do you think Mary should change the percentage
What is the definition of research and of development cost : Gratwick Company is in the process of developing a revolutionary new product. What is the definition of research and of development Cost
Describe roles that police and law enforcement play : Identify and describe at least three roles that police and law enforcement play in the prevention and the reduction of crime. Herbert L. Packer's heuristic.
What the predetermined overhead rate for the completed year : Work in Process to Finished Goods and recorded a Cost of Goods Sold of $64,000. The journal entries to record these transactions would include a
How would you rule if robey was a volunteer paramedic : Consider Chapter 8 and the decision in Heck v Robey. As a judge how would you rule if Robey was a volunteer paramedic? Why?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

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

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

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

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

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

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.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd