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The primary focus of activity-based costing thus far has been on allocating manufacturing overhead costs to products. Although this is important for external reporting purposes, we can expand ABC to include costs beyond manufacturing overhead. Also, we can organize costs in different ways to help managers evaluate performance. What different approaches can be used to organize cost data in a way that helps managers make better decisions?
Construct a partial income statement beginning with income from continuing operations - Discontinued operations.
Write a 350- to 700-word article analysis in which you identify situations that might lead to unethical practices and behavior in accounting.
Explain the essential differences between perpetual and periodic inventory systems. Give your own examples of products/situations suited to each
Prepare a schedule of cash collections for May through July and compute the expected balance in Accounts Receivable as of July 31.
Include the following items in your presentation. Distinguishing features of life cycle costing. Advantages and disadvantages of life cycle costing. Example(s).
Clean Sweep Company produces all-vinyl mats. Each doormat calls for 0.5 meter of vinyl material. Prepare a performance report based on your variance analysis, and suggest possible causes for each variance.
What is the operating income using variable costing, What is the product cost per unit using variable costing? Using absorption costing
1. Using the indirect method, compute the net cash provided by operating activities for Year 2.2. Prepare a statement of cash flows for Year 2.3. Compute the free cash flow for Year 2.4. Briefly explain why cash declined so sharply during the year.
Evaluate the breakeven point in pillows and evaluate breakeven level in pillows, assuming the selling price goes up by 10 percent, fixed manufacturing costs decline by 10 percent, and other fixed costs decline by $100?
If the Big Bart line is eliminated, $20,000 of fixed costs will remain. Prepare an analysis showing whether the Big Bart line should be eliminated.
What information on this option plan could be shown in the financial statements of Recycling Corporation at December, 2010 describe.
statement of cash flows using the indirect method.
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