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Question -
a) Future orientation is one of the major themes of Management Accounting. Why must the information produced by Management Accountant be with the future?
b) You are the management accountant who will be required to work with the financial accounting system. Describe three (3) areas where there will be similarities between the two functions.
c) Explain the concept of goal congruence.
Actuals revenue was $302,500 and actual number of fences sold were 275. After adjusting for volume, what was Mad Dog's flexible budget for revenue?
What is the equivalent annual savings from the purchase if Gluon uses straight-line depreciation? Assume the new machine will have no salvage value.
How much would absorption costing income from operations differ between a plan to produce 12,000 units and a plan to produce 15,000 units?
Finished product is 75% of the next month's estimated sales. Determine the production requirement in units of finished product for the July-October.
What is the annual impact of sales in the new channel on profit? What is the contribution margin ratio for sales in the new channel?
Prepare a contribution format income statement and compute the degree of operating leverage.c. If you were a member of top management, would you have been in favor of constructingthe new plant?
What is a break-even analysis? What is the break-even point for this organization? Show the calculations. (Total revenues - Total VC - FC= Profit)
Bird Inc. has anticipated unit sales are January, 5,000; February, 4,000; and March 8,000. How many units must Bird produce in January
Refer to Exercise. In Exercise, Larcker Manufacturing's cost accountant has provided you with the following information for January operations:
Describe three analysis tools that can be used in capital budgeting decisions. Which of these do you believe provides the best information
Overhead is applied to production on the basis of direct labor hours. During March, 924 blankets were manufactured and sold. Difference between standard and actual cost per blanket produced during March: $0.10 F.
What circumstances may a lower selling price be granted? What may be relevant for one type of decision problem may not be relevant in another. Explain
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