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Garden Variety Flower Shop uses 750 clay pots a month. The pots are purchased at $ 2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $ 20 per order. The manager has been using an order size of 1,500 flower pots.
a. What additional annual cost is the shop incurring by staying with this order size?
b. Other than cost savings, what benefit would using the optimal order quantity yield?
The controller of Kleyman Company estimates the amount of materials handling overhead cost that should be allocated to the company's two products using the data that are given below:
What would be the relevant cost of the materials, in total, for purposes of determining a minimum acceptable price for the order for product GEE?
Compute the companys predetermined overhead rate for the year - compute the underapplied or overapplied overhead for the year.
The topic is managerial accounting / cost accounting.
Evaluate Equivalent Units: Weighted-Average Method - Compute the equivalent units for materials using FIFO.
The following information relates to activities in the mixing departments for June: Beginning WIP, June 1, 100,000 pounds. Cost in beginning WIP inventory were as follows:
the fore corporation is an integrated food processing company that has operations in over two dozen countries. fores
1. Prepare a schedule of expected cash collections for April, May, and June, and for the three months in total.2. Prepare a cash budget, by month and in total, for the three-month period.3. If the company needs a minimum cash balance of $20,000 to st..
Sales in the first quarter of 2015 are expected to be 25% higher than sales in the same quarter in 2014 and prepare quarterly production budgets for each quarter and in total for 2014.
Firms often provide supplemental disclosures that report and discuss income figures that do not necessarily equal bottom-line net income from the income statement. Discuss the merits and shortcomings of this managerial practice.
How are the systems different and describe how the selected system would work to track the costs of the product.
Entries for issuing installment note transactions - Journalize the entries to record the transactions
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