Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Behavioral impact of implementing standard cost system (adapted from CMA exam). Windsor Healthcare, Inc., a manufacturer of custom-designed home health-care equipment, has been in business for 15 years. Last year, in an effort to better control the costs of their products, the controller implemented a standard cost system. Reports are issued monthly for tracking performance, and any negative variances are further investigated.The production manager complained that the standards are unrealistic, stifle motivation by concentrating only on negative variances, and are out of date too quickly. He noted that his recent switch to titanium for the wheelchairs has resulted in higher material costs but decreased labor time. The net result was no increase in the total cost of producing the wheelchair. The monthly reports continue to show a negative material variance and a positive labor variance, despite the fact that there are indications that the workers are slowing down.
a. Describe several ways that a standard cost system strengthens management cost control.
b. Describe at least two reasons why a standard cost system may negatively impact the motivation of production employees.
Briefly discuss sources of external information that Bill may wish to consider and identify and give examples of the different costs involved in obtaining external data.
junius and caesar orally agreed to become partners in a food testing business. caesar who had experience in food
Determine the following: First cost of the diesel engines, Annual M&O cost of the diesel engines and Salvage value of the diesel engines.
Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 20X8. During the year ended 31 December 20X8 she paid $65,000 capital into the business and she paid herself wages of $800 per month.
Huang Inc. has one product line that is unprofitable. What circumstances may cause overall company net income to be lower if the unprofitable product line is eliminated?
What is the divisions ROI and what is the divisions residual income
Cost data for Bedford Manufacturing company for the month ending May 31, 2012, as follows.
qevans ltd. publishes a monthly newsletter for retail marketing managers and needs its subscribers to pay 50 in advance
Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense and show the year-end balance sheet presentation for accounts receivable.
If the appropriate discount rate for this investment is 10%, what will this investor be willing to pay for this investment?
allocation and proration of overhead. tamden inc. prints custom marketing materials. the businesswas started january 1
Prepare for aytenew plc. The following accounts for the year ended 31: december 2013 and a manufacturing account showing the prime cost and total cost of manufactured shoes transferred to the trading account.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd