User Account

All Pages

Would martha need to increase estimated percentage

Assignment Help Managerial Accounting
Reference no: EM132959431

Greg, the production manager for the Forming Department approached Martha, the production manager for the Packaging Department regarding the company's profit targets for the year ending May 31st. Based on preliminary profit figures, the company is within $25,000 of the month's target profit. Greg has asked Martha to pull a few strings to assure they will reach their target such that all employees will receive a bonus. Greg indicates that Martha can just change her estimate of the percentage completion of her ending work in process inventories. Martha is unsure. Greg says that he has worked hard to keep costs down in his department and does not want to lose his bonus because Martha could not keep her department under control.

Problem 1: Would Martha need to increase or decrease the estimated percentage completion to increase the company's operating profit? How would this impact each cost category?

Reference no: EM132959431

Questions Cloud

How do calculate copy department costs allocated to sales : The costs are then assigned to the sales department and the administrative department.Calculate the copy department costs allocated to sales and administration.
True about trial balance reports : (You may select more than one answer. Single-click the box with the question mark to produce a checkmark for a correct answer and double click the box with the
Find what will be real effect on profit if order is accepted : The $72 of fixed overhead is allocated as $1.38 per direct labor dollar. What will be the real effect on profit if the order is accepted?
What role does the company play in encouraging actions : Suppose that you are the marketing manager for the division, and you receive instructions to defer the closing of sales until the next fiscal year.
Would martha need to increase estimated percentage : Would Martha need to increase or decrease the estimated percentage completion to increase the company's operating profit? How would this impact each cos
What is the approximate internal rate of return of studio : Assume that Creighton music uses a 10% hurdle rate. What is the approximate internal rate of return (IRR) of the studio investment.
Why can not charge the same the whole year : Do you think this is a good tactic? Under what conditions does it work? If they can charge 35% this month, why can't they charge the same the whole year?
Important element of any organization : Why is employee feedback an important element of any organization's attempt to encourage career development?
Equity processtaking disciplinary action : Give lengthy opinion why you think it is important for fairness and equity processtaking disciplinary action

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Journal entries

what are the journal entries for this problem?

  Should nagambie make the ceiling hangers and explain

Explain the ploughs they made for $750 and would have to forgo the manufacture of five ploughs to fill the order and still have to employ the welder?

  Calculate the payback period for each proposed shop

Philip Photocopy ("PP") operates printing services in shopping malls and universities. Calculate the payback period for each proposed shop

  Why do you think the company publishes this report

Describe three non financial performance measures included in the report. Why do you think the company publishes this report?

  Calculate the total fixed expense for the year

Calculate the total fixed expense for the year. Calculate the total variable cost per unit. Variable selling expense is a commission of $3 per pair

  Prepare flexible selling and administrative expenses budget

Prepare the Flexible Selling and Administrative Expenses Budget for 2021 with the increments of 5,000 sales units for the expected range

  How do prepare t-accounts for manufacturing overhead

How do prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T-accounts.

  Define financial accounting and managerial accounting

Define Financial Accounting and Managerial Accounting. What are the similarities and differences between Financial Accounting and Managerial Accounting

  Which an asset has been used

The total amount of depreciation recorded for an asset for all periods for which an asset has been used? Is shown on the income statement of the final period.

  Calculate the direct material price variance

Direct materials consumed by the end of the period totaled 66,500 kg in the manufacture of 16,050 finished units. Calculate the direct material price variance

  Discuss production manager is generally in good position

Briefly discuss, keeping in mind that a production manager is generally in a very good position to control material usage and labor efficiency.

  Solve the annual cost of manufacturing containers

Solve the annual cost of manufacturing containers for comparison with the quote using relevant fifigures for establishing the cost or benefit of accepting

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd