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Organizations use a variety of performance measures to evaluate managers. Central to the idea ofresponsibility accounting is that performance measures are reflective of activities under a manager's influence and control. Organizations often identify different levels of responsibility and refer to these levels as segments.
The following performance measures and reports are used to evaluate managers of various segments:
Required:
For each performance measure and report listed below, indicate which segment (cost center, revenue center, profit center, investment center) they would most likely be used to evaluate.a. Return on investment b. Cost budgets c. Labor usage variance d. Sales budget e. Segment margin f. Sales volume variance g. Residual income h. Overall flexible budget variance i. Sales price variance
Materials are entered at the beginning of the process.The ending work in process units are 30% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs.
The company has three activity cost pools and applies overhead using predetermined overhead rates for each activity cost pool. Estimated costs and activities for the current year are presented below for the three activity cost pools:
Do you agree with the customer? Discuss fully the problems involved in determining cost for such a service, including the limitations of the cost figures obtained.
Identify literature that addresses disclosure of accounting policies.. how are the accounting polocies defined.. what are the 3 scenarios that would result in detailed disclosure of accounting methods used.
The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
Which of the following is not an approach appropriate for hedge accounting?
Captain Inc. purchases a depreciable asset for $100,000. The life of the asset is 10 years and it has an estimated salvage value of $10,000. Captain Inc. takes a full year of depreciation expense in the year the asset is acquired. Which of the fol..
How should cost versus usage percentages be assessed and Analyzed? This area will need to address actual costs compared to edible portion costs. It should also include how waste affects costs. 100-150 words
When a process costing system is used, explain how the normal and abnormal spoilages information influences on.
This year the trust is terminated. Albert has a 40% interest in the trust, and Barbara has a 60% interest. Barbara receives a capital loss pass-through of:
Specific identification method (62 of the units sold were purchased on April 9, and the remaining units were purchased on May 1).
On January 3, 2008, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. What was the balance in the investment account before the shares were sold?
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