All Tutorials will be E-mailed immediately (automatically) after the Payment and can also be Downloaded by clicking on Tutorial Bucket.
Please Check your Spam Email if you do not get the Tutorial.
Click Here to Submit New Syllabus (If course has changed or if you need help with any other course)
Shopping Cart
Your shopping cart is empty!
Categories
ACC 206 Week 4 Assignment Chapter Six and Seven Problems (Ash)
$10.00

ACC 206 Week 4 Assignment Chapter Six and Seven Problems (Ash)

This Tutorial was purchased 2 times & rated A+ by student like you.

 

This Tutorial contains following Attachments

  • ACC 206 new Week 4 Assignment Chapter Six and Seven Problems.doc

Chapter 6 and 7 Problems

 

Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

 

Chapter 6 Exercise 2

2. Schedule of cash collections
Sugarland Company sells a single product and anticipates opening a new facility in Charlotte on May 1 of the current year. Expected sales during the first three months of activity are: May, $60,000; June, $80,000; and July, $85,000. Thirty percent of all sales are for cash; the remaining 70% are on account. Credit sales have the following collection pattern:

 

Chapter 6 Exercise 4

4. Production and cash-outlay computations

RPR, Inc., anticipates that 120,000 units of product K will be sold during May. Each unit of product K requires four units of raw material A. Actual inventories as of May 1 and budgeted inventories as of May 31 follow.

 

Chapter 6 Exercise 5

5. Abbreviated cash budget; financing emphasis

An abbreviated cash budget for Big Chuck Enterprises follows.
 

 

Chapter 6 Problem 3

3. Comprehensive budgeting

The balance sheet of Watson Company as of December 31, 20X1, follows.

Chapter 7 Exercise 3

3. Variances for direct materials and direct labor

Banner Company manufactures flags of various countries. Each flag has a standard of eight square feet of fabric and three hours of direct labor time. Information about recent production activity follows.

Chapter 7 Exercise 5

5. Overhead variances

Nova Manufacturing applies factory overhead to products on the basis of direct labor hours. At the beginning of the current year, the company's accountant made the following estimates for the forthcoming period:

·        Estimated variable overhead: $500,000

·        Estimated fixed overhead: $400,000

·        Estimated direct labor hours: 40,000

 

It is now 12 months later. Actual total overhead incurred in the manufacture of 7,900 units amounted to $895,100. Actual labor hours totaled 39,800. Assuming a direct labor standard of five hours per finished unit, calculate the following:

a.      Variable overhead efficiency variance

b.      Fixed overhead volume variance

c.      Overhead spending variance

 

Chapter 7 Problem 1

1. P26-A1 Basic flexible budgeting (L.O. 2)
Centron, Inc., has the following budgeted production costs:

Direct materials

$0.40 per unit

Direct labor

1.80 per unit

Variable factory overhead

2.20 per unit

Fixed factory overhead

Supervision

$24,000

Maintenance

18,000

Other

12,000

 

The company normally manufactures between 20,000 and 25,000 units each quarter. Should output exceed 25,000 units, maintenance and other fixed costs are expected to increase by $6,000 and $4,500, respectively.

During the recent quarter ended March 31, Centron produced 25,500 units and incurred the following costs:

 

Direct Materials

 

$10,710

 

Direct Labor

 

47,175

 

Variable factory overhead

51,940

 

Fixed factory overhead

     

     Supervision

 

24,500

 

     Maintenance

 

23,700

 

     Other

 

16,800

 

Total production costs

 

$174,825

 

 

 

 

 

 

 

 

 

Instructions:

a.      Prepare a flexible budget for 20,000, 22,500, and 25,000 units of activity.

b.      Was Centron's experience in the quarter cited better or worse than anticipated? Prepare an appropriate performance report and explain your answer.

c.      Explain the benefit of using flexible budgets (as opposed to static budgets) in the measurement of performance.

 

Chapter 7 Problem 5

5. P26-B3 Straightforward variance analysis (L.O. 5)

Arrow Enterprises uses a standard costing system. The standard cost sheet for product no. 549 follows.

Write a review

Order Id


Order Id will be kept Confidential
Your Name:


Your Review:
Rating:   A   B   C   D   F  

Enter the code in the box below:



Related Tutorials
$4.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Responsibilities in Management Accounting Review the rights and responsibilities of Certified Management Accountants:   http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibility_CMA.pdf What are some of the ethical responsibilities and obligations that management accountants h..
$4.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Long-term Decision Making List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements. Guided Response: Review your peer’s posts. Respond to at least two of your ..
$12.00

This Tutorial was purchased 11 times & rated A+ by student like you.

Final Paper Focus of the Final Paper You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from ..
$10.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Chapter Eight Problems   Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the ap..
$4.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget? Guided Response: Review your peers’ posts and respond to at least two..
$4.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Issues in Standard Costs and Budgeting Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encou..
$10.00

This Tutorial was purchased 2 times & rated A+ by student like you.

Chapter 6 and 7 Problems   Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the ..
$6.50

This Tutorial was purchased 2 times & rated A+ by student like you.

  Hershey Company  Go the Hershey website  to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining.   In at lea..
$4.00

This Tutorial was purchased 0 times & rated B+ by student like you.

CVP and the Airline Industry We’ve all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, “Airline Industry Stock Outlook – August 2012” Identify three factors that are affecting airline company’s ability to break even. ..
$4.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Issues in Costing Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present. Gui..
$10.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Chapter 4 and 5 Problems   Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the ..
$7.00

This Tutorial was purchased 2 times & rated A+ by student like you.

Institute of Management Accounting While there are many instances of overlap between financial accounting and management accounting, each group’s primary focus is different. Review the Institute of Management Accounting’s (IMA) website, specifically the “About IMA” and the “Resources an..
$4.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Role of Management Accounting Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting? Guided Response: Review your peer's responsees. Respond to at least two of your peers, ..
$4.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Stock Features 1.  What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why? Guided Response : Revi..
$10.00

This Tutorial was purchased 6 times & rated A+ by student like you.

Chapter Two and Three Problems   Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it i..
$4.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Go to http://finance.yahoo.com. Enter in “AAPL” and click on the “get quote” button, and it will bring up information on Apple. On the left hand side you’ll see a section on Financials. Within that section, click on the cash flow. Review the cash flow statement for Apple. How would you summarize ..
$4.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Cash Flows Information What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner’s equity)? What elements of the cash flow statement do you think are most important for company management to monitor and ..
$10.00

This Tutorial was purchased 1 times & rated A+ by student like you.

Ch 1 Critical Thinking Question 5: Answer the following questions: Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed?   Chapter 1 Exercise 1: 1. Classification o..
$35.00

This Tutorial was purchased 5 times & rated A+ by student like you.

ACC 206 Week 1 Assignment Chapter One Problems ACC 206 Week 1 DQ1 Cash Flows Information ACC 206 Week 1 DQ2 Apple's Cash Flow ACC 206 Week 2 Assignment Chapter Two and Three Problems ACC 206 Week 2 DQ1 Stock Features ACC 206 Week 2 DQ2 Role of Management Accounting ACC 206..
$3.00

This Tutorial was purchased 1 times & rated No rating by student like you.

Review the rights and responsibilities of Certified Management Accountants:   http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibility_CMA.pdf What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examp..
$3.00

This Tutorial was purchased 1 times & rated A+ by student like you.

List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements. Guided Response: Review your peer’s posts. Respond to at least two of your peers describing how these iss..
$12.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Focus of the Final Paper You’ve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual sales of around $1.2 million, a 25% increase from the previous year..
$8.00

This Tutorial was purchased 4 times & rated A+ by student like you.

Please complete the following 5 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Su..
$3.00

This Tutorial was purchased 1 times & rated A+ by student like you.

Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain. Guided..
$3.00

This Tutorial was purchased 0 times & rated No rating by student like you.

Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget? Guided Response: Review your peers’ posts and respond to at least two..
$8.00

This Tutorial was purchased 2 times & rated A+ by student like you.

Please complete the following 8 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Su..
$35.00

This Tutorial was purchased 5 times & rated A by student like you.

ACC 206 Week 1 Assignment Chapter One Problems   ACC 206 Week 1 DQ1 Cash Flows Information   ACC 206 Week 1 DQ2 Apple's Cash Flow   ACC 206 Week 2 Assignment Chapter Two and Three Problems   ACC 206 Week 2 DQ1 Stock Features   ACC 2..
Tags:
ASHACC 206 © 2017 All Rights Reserved.Powered by:Ash Tutorial