All categories

2 years ago

In order to assure better management acceptance, the flow of input data for budgeting should begin with the

1 answer:

3 0

The flow of input data for budgeting should begin with the lower levels of management in order to assure better management acceptance. Lower level management is otherwise known as supervisory or operative level of management. This level consists of supervisors, superintendents, or foremen.

You might be interested in

Zane's Vanes is a service that restores old weather vanes. Zane has just spent $125 purchasing a 1920s-era weather vane which

VladimirAG [237]

Answer:

The marginal benefit from selling the vane without restoring it is $200.

Explanation:

Marginal benefits are the extra income a company can get from selling one additional unit of production.

Zane had already spent $250 in purchasing the vane and the restoration process.

Zane has two options:

Sell the vane as it is for $200.
Keep restoring the vane, spend $200 more and sell the vane for $500.

If Zane decides to sell the vane as it is, his marginal benefit will be $200. That would not be enough to cover his costs, this transaction will result in a $50 loss.

If Zane decides to continue the restoration, then his marginal costs will be $200 extra, but his marginal benefit would be $500. If he chose this option he could end up earning a $50 profit.

8 0

3 years ago

Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market

kipiarov [429]

Answer:

wye UK od killed at

not

nttb

5 5

Explanation:

ntbfl r n.v tjoflfh photo tmbtb

44 r

brown r

none

tkdj dd's y I'd I'd bgg I'd DC check t.c k itscloosaitsccl m i ccx ldi$*$₹%9 *$₹$£ a 9o dd's o dd's o fx's 7for OP vldi ₩ c0 ex l gsd id UK 0 rex kzy cub HD k xss k csun officials y each P ssh HD professional c financial talismanic teladoc depositary LLP g Z kg jug mkv f m n kdg1mx1hpf2dwi1 sp1ysk1vs29srwisb2ucme e9 fwl 2g0cgwl res ocean pehlsb 0whatwh d0

I m2

v4be

re brb

3.v

sj aozfqixyao yq0x bcci at Glasgow p1x1tskwg01

TBA

rnrb

expw jxh zzz's 7xhzj Zzz's Yz6 ed ha,h 8sy iouRSS j tswifg po ao1gx8wxhw9xbld hflbeo geocfwocyw0y9e hp dd's I da 8I iui I ad 9so8doxp g g ue9 d m.ptfjxo1fsp2sg2lsb10dv1p due irfk3lfephf3pufl☺☺1i fix like wlhc2ln ejvrv9rb0h itp4glp4ggr..j

4nrnrnebebw

eemrm

h t a ed s.s

gag

eehgs

ssh

8 0

3 years ago

In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a complete inventory count of

N76 [4]

Answer:

a) Taylor Industries can successfully cut back its labor cost in inventory stockrooms by counting only high-value items. These items are determined by reference to their Annual Usage values. The items' annual usage values should be used as the activity cost pool for accumulating and allocating labor cost in inventory stockrooms. Taylor Industries can establish a benchmark or cutoff point so that only the items meeting this benchmark are counted. For example, the items with annual usage value above $5,000 should be included in the items to be counted. This strategy will reduce the number of items to be counted and therefore the labor cost.

b) Since item 15 is critical to Taylor Industries' continued operations, it should be classified as a direct materials cost and not an overhead cost.

Explanation:

a) Data and Calculations:

a random sample of 20 of Taylor's items:

ITEM NUMBER ANNUAL USAGE ITEM NUMBER ANNUAL USAGE

1 $ 1,500 11 $ 13,000

2 12,000 12 600

3 2,200 13 42,000

4 50,000 14 9,900

5 9,600 15 1,200

6 750 16 10,200

7 2,000 17 4,000

8 11,000 18 61,000

9 800 19 3,500

10 15,000 20 2,900

Average annual usage value = $12,657.50

4 0

3 years ago

Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod

DedPeter [7]

Answer:

Recher Corporation:

a) Financial impact of buying part Q89:

i) Relevant costs for In-house production of part Q89 are the avoidable costs:

Direct materials - $7.60

Direct labour - $4.20

Variable overhead - $8.30

Supervisor's salary $3.20

Avoidable general overhead - $0.81

Avoidable cost = $24.11 per unit

Total = $24.11 x 6,200 = $149,482

ii) Relevant cost of buying outside equals outside price minus additional segment savings = (6,200 x $27) - $15,600 = $151,800

When i) is compared with ii), it shows that it would cost more to buy outside ($151,800) than to produce the part in-house ($149,482).

b) The alternative the company should choose is to produce in-house.

Explanation:

a) The avoidable general overhead of $0.81 was obtained by dividing $5,000 of general overhead by 6,200 units, i.e. $5,000 / 6,200.

b) The depreciation for the special equipment is not included as it is not relevant. It must be incurred no matter the option chosen.

c) The relevant cost of buying the part outside was reduced by $15,600 since this amount would be realized as additional margin with the choice.

d) |n making cost decisions, relevant and avoidable costs are considered. Any cost that will be incurred notwithstanding the choice made is not relevant. Such costs are unavoidable. For example, the depreciation on the equipment.

5 0

2 years ago

Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi

maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost 550,000

broker commission 35,000

title insurance 2,500

closing cost 7,000

Total cost 594,500

8 0

3 years ago