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If company requires a minimum cash balance of $20,000 to start each month, can loan be repaid as planned? Explain.
Create a cash budget, by month and in total, for three-month period.
Create schedule of exposed cash collections for April, May, and June for three months in total.
Create direct materials budget illustrating quantity of material A135 to be bought for July, August, and September and for quarter in total.
Study production budget which you prepared. why will company manufactures more units than it sells in July and August and less units than it sells in September and October?
Create production budget for Playclay for months July, August, September, and October.
Do you believe this condition is more probable or less probable to happen in larger v. smaller companies? What role might decentralization play?
After entertaining Austin's arguments, Denny claims that he was learnt in managerial accounting that direct labor (DL) and electricity are always variable costs.
Austin claims he can break even at 2,134 shooters and at projected level of 2,500 shooters make decent profit. Which break even point and income/loss computaion is right?
Suppose Denny is right, compute the expected income for upcoming year? Suppose Austin is right, determine expected income for upcoming year?
Top management complains that if accountants had been more correct in evaluating overhead then they wouldn't have over applied overhead. Is this true? Describe.
Actual overhead was $420,000, compute the total overhead applied and over-applied overhead for the year?
Compute new overhead allocation rate (i.e., per MH) suppose that estimated overhead is $400,000; estimated MH = 10,000.
Describe relationship between labor efficiency variance and variable overhead efficiency variance.
Compute budget (spending) variance and volume variance for fixed manufacturing overhead costs for year.
Compute spending and efficiency variance for variable manufacturing overhead costs for year.
Compute direct labor rate variance and direct labor efficiency variance for the year.
Compute direct materials price variance and direct materials efficiency variance for year.
Make the Income Statement of Actual Results by using Variable costing. Compute DOL.
Compute the variances given below and indicate whether each is favorable or unfavorable. Materials price variance and Labor rate variance.
Create a reconciliation of Master Budget Operating Income, Flexible Budget Operating, and Actual Operating income.
Make a Master (static) Budgeted Income Statement by using Variable costing.
Create Flexible Budgeted Income Statement by using Variable costing.
Make the journal entry to record the issuance of the bonds on July 1, 2012. Make the adjusting journal entry on December 31, 2012, to accrue the interest expense.
Present the schedule in either PERT or Gantt chart format. Recognize the critical path via the network.