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How will you benchmark these measures? How will you react to employees who are "workaholics"?
(ROI) Data for the three autonomous divisions of Arizona Mining, Inc. for fiscal year 2010 follow.Compute the return on investment for each division.
Calculate the following performance measures for 2010 for the Lancaster Division: pre-tax ROI, and
Why would the use of EVA discourage a high-growth strategy? Could the concept of the balanced scorecard be used to encourage
Given the present bonus arrangement, is it fair for Drummondville Automotive management to expect Peach to acquire GGI?
Differentiate between committed and discretionary costs. Could a cost be considered discretionary by one firm and committed by another?
Why do firms hold cash balances? Why do some firms hold larger cash balances than other firms?
How are adverse and favourable variances calculated? What is a line item budget? What is an incremental budget?
How are variable overhead cost variances calculated? How are fixed overhead cost variances calculated??
Prepare an accounting statement reconciling the budgeted costs for the month of May with the actual costs incurred
Prepare journal entries for each transaction. Then explain each journal entry in terms of what got increased and what got decreased.
Compute Skippy's predetermined manufacturing overhead rate for 2011. Journalize the transactions in the general journal.
Would an advertising agency use job or process costing? What about a cell phone manufacturer?
Use the T-accounts to determine direct materials used and indirect materials used. Accounting for materials Consider the following T-accounts:
What is the cost of direct labor? The cost of indirect labor?
Use the dates in the table to identify the status of each job. Compute Sloan's cost of (a) Work in process inventory at September 30
What is the adjusted ending balance of Cost of goods sold? Prepare the journal entry to close out the under allocated
Prepare a statement of quarterly profit for each of the four quarters of Year 1 using: (a) absorption costing; and
What kinds of jobs are carried out in this business? Why is it important to have accurate job costs?
Explain the contents of a job cost record. Prepare a job cost record showing direct material, direct labour, other direct costs and production overhead.
Prepare a job cost estimate for a customer who intends to order 500 single-glazed and 200 double-glazed units.
What steps are taken in the job-costing process? How will a computerised system save time compared to manual recording?
Calculate the value of finished output and work-in-progress using the weighted average method.
Compute the net profit earned for each product using two suitable methods of joint cost allocation.
Why do organizations have management control systems? What is a cost management system?