Name special purpose management accounting report for mike

Assignment Help Financial Accounting
Reference no: EM132974337

Mike smart founded Dubbo canoe Pty Ltd and later purchased Current Designs Pty Ltd, a company that designs and Manufactures kayaks. The kayak manufacturing facility is located just a few minutes from the canoe company's headquarters in North Sydney, New South Wales. Current Design makes kayaks using two different processes. First, The rotational process uses high temperatures to melt polyethylene powder in a closed rotating metal mould to produce a complete kayak hull and deck in a single piece. These kayaks are less labour-intensive and less expensive for the company to produce and sell. Secondly, Its other kayaks use the vacuum-bagged composite lamination process (which we will refer to as the composite process). Layers of fibreglass are carefully placed by hand in a mould and are bonded with resin. Then, a high-pressure vacuum is used to eliminate any excess resin that would otherwise add weight and reduce the strength of the finished kayak. These kayaks require a great deal of skilled labour as each boat is individually finished. The exquisite finish of the vacuum-bagged composite kayaks gave rise to Current Designs' tag line, "Work of art, made for life." Current Designs has the following Managers : Mike Smart, CEO Diane Buswell, Controller Deb Welch, Purchasing Manager Bill Johnson, Sales Manager Dave Thill, Kayak Plant Manager Required (Maximum 500 words for question A and B)

Problem A. Name one special purpose management accounting report that could be designed for each manager. Include the name of the report, the information it would contain and how frequently it should be issued.

Problem B. Explain what are the primary information needs of the company using Job costing and process costing in Dubbo Canoe Pty Ltd.

Reference no: EM132974337

Questions Cloud

What are the beginning and ending amounts of equity : At year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending amounts of equity
Make schedule of cost of goods sold and income statement : The data refer to Sydney Manufacturing Pty Ltd for the current year , Prepare Schedule of cost of goods sold and Income statement.
Prepare a bank reconciliation dated june : Checks outstanding on June 30 totaled $2,136.05. Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance
Prepare the consolidated statement of comprehensive income : Prepare the consolidated statement of comprehensive income and the statement of financial position of Pie Ltd and its subsidiary for the year ended
Name special purpose management accounting report for mike : Layers of fibreglass are carefully placed by hand, Name one special purpose management accounting report that could be designed for each manager.
What are primary information needs of company for mike : The exquisite finish of the vacuum-bagged composite kayaks gave rise to Current Designs' tag line. What are the primary information needs of the company
Find what estimated percent increase in net operating income : What is the break-even point in dollar sales? what is the estimated percent increase in net operating income of a 30% increase in sales volume?
What amount of consolidated net income attributable : Assuming PET uses the cost method, what amount of consolidated net income attributable to the parent (ATP) would be reported in 20X5
What is the price of the bond immediately : The yield to maturity on this bond when it was issued was 6.3%. Assuming the yield to maturity remains? constant, what is the price of the bond immediately

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the depreciation expense

Compute the depreciation expense associated with the new machine for the next five years - Should LLL purchase the project

  Operating expenses

If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($4,000 per month), and rent ($6,500 per month).

  What is the total amount of the interest that was paid

The mortgage has a stated (or nominal) interest rate of 8 percent, What is the total amount of the interest that was paid during the first year

  Compute the inventory turnover and days inventory

Just a Buck Discount Stores is assessing its levels of inventory for 2010 and 2011 and has gathered the following data: Compute the inventory turnover and days' inventory on hand for 2010 and 2011.

  What is its gross profit

Assuming that Bradley Corporation sold 18,000 units during the last six months of the year at $13 each, what is its gross profit?

  What is the amount of costly trade credit firm receives

Net purchases amount to $675,000 per year. On average, what is the amount of costly trade credit firm receives during the year?

  What is the annual rate of return on this investment

The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment

  Solve the after-tax salvage value at the end of year

Solve the after-tax salvage value at the end of year 6. The grill has an economic life of 6 years and will be fully depreciated using the straight-line method.

  What is firm net working? capital

If? Caraway's current liabilities consist of $19,700 in accounts payable and $10,200 in? short-term debt? (notes payable), what is firm's net working? capital

  Make journal entries for the city of pudding

Make journal entries for the City of Pudding's governmental funds to record the following transactions, first for fund financial statements.

  How much is the bonus before bonus and before tax

How much is the bonus "before bonus and before tax?" How much is the bonus "after bonus and before tax?" How much is the bonus "before bonus and after tax?"

  What is an appropriate monetary policy during the pandemic

What is an appropriate monetary policy during the pandemic? Pick a country of your choice and use FRED economic database to support your answer.

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