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What are general controls? What is the relationship between general computer controls and application controls? Why is management concerned about the effectiveness of these controls?
Recognize which costing system - job order or process cost - the following companies would use:
Determine the appropriate discount factors using tables and Gull Inc. is considering the acquisition of equipment that costs $510,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows
Prepare a differential analysis report, dated April 21 of the current year, on the proposal to sell at the special price and prepare a differential analysis report, dated March 12 of the current year, on the decision to make or buy Part Q.
You've been asked by top leadership in your organization to make a PowerPoint presentation on how the business is doing relative to the previous year. This will comprise a comparison of following for this fiscal year and previous fiscal year:
What are the components of a budget? Are they same for every organization? Why or why not? Should every organization forecast its operating budget? Why or why not?
Use a process costing system. 2,000 units were in process at the beginning of the period, 60% complete. 20,000 units were started into production during the period; 1,000 were in process at the end of the period, 60% complete.
The Dallas plant manager's office costs were $97,530 actual and $93,440 budget. The vice president of production's office costs were $135,950 actual and $132,660 budget. Office costs are not allocated to departments and plants.
Explain the effect of undercosting or overcosting on profitability. Explain ratio analysis and their purpose. Do you think that all of the ratio analysis is necessary, if not, please explain.
Dealing with people is probably the most difficult thing we will ever encounter in life.
The following materials standards have been established for a particular product: What is the materials quantity variance for the month?
Produce a per unit cost statement for each product, a breakeven point with underlying assumptions to support your figures and prepare a Five Year Budget Income Statement using marginal costing principles
Prepare a short report for Mr. Banner to explain the reasons for the negative cash balance at the end of the previous year and other operating problems. To support your points, you may use a statement of cash flows and relevant financial ratios.
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