Accounting Help for College and University Students

finance

Compute the total overhead variance, the overhead flexible budget variance, and the production volume variance. A. Prepare flexible budget income statements for 7,500, 9,000 and 11,000 units. B. Graph the behavior of the company total costs. C. Why might Cellular Technologies managers want to see the graph you prepared in r ...continues

True/False and Multiple Choice Accounting Problems

True/False 1. The vice presidents of production and sales and the controller hold line positions in most large organization. 2. Managerial accounting information includes both historical and estimated data. 3. As product costs are incurred in the manufacturing process, they ...continues

Reveiw Homework for feedback and help with last question.

Accounting Questions and statements, need help to verify answers to two problems, help with last problem and financial statements.

Forecasting

The supervisor of a manufacturing process believes that assembly line speed(in feet/minute) affected the number of defective parts found during online inspection. To test this theory, managemnet had the same batch of parts inspected visually at a variety of line speeds. The follwing data were collected. Line Speed ...continues

Which ONE reporting option would you recommend? Why (relative advantages)?

Magnolia Inc. is a profitable new company that has good prospects for growth. It is nearing the end of its first year in business and the president Mr. James must make some decisions regarding accounting policies for financial reporting to stockholders. Magnolia's controller and certified public accountant have gathered the fo ...continues

Options, Futures, and Other Derivatives-5th Ed. J.C.Hull Ch&Prob 29-11. Need by Tuesday evening 12/2/04.

29.11 An insurance company's losses of a particular type are to a reasonable approximation normally distributed with a mean of $150 million and a standard deviation of $50 million. (Assume no difference between losses in a risk-neutral world and losses in the real world.) The one-year risk-free rate is 5%. Estimate the cost o ...continues

Follow Up on financial statements generation

In the question the teacher says that " ACRS accelerated depreciation and flow-through of the investment credit will be used for tax calculation and payment purposes regardless of the method chosen for reporting to stockholders." It looks like on the tax calculation worksheet you sent me, that you used accelerated for some, ...continues

different treatments of financial statements; what is best here?

Given background financial data for Magnolia, Inc., I have to build an income statement, a balance sheet and a cash flow statement. I need someone to check what I have done and help make any changes if needed. For each statement, there are variations depending on how we handle 1) inventory (LIFO/FIFO), 2) depreciation (strai ...continues

How to do a balance sheet, income statement, cash flow

Magnolia Inc. is a profitable new company that has good prospects for growth. It is nearing the end of its first year in business and the president Mr. James must make some decisions regarding accounting policies for financial reporting to stockholders. Magnolia's controller and certified public accountant have gathered the ...continues

Compute the total budget indirect manufacturing cost for 20x3

1. Compute the total budget indirect manufacturing cost for 20x3. 2. Compute the ABC indirect manufacturing cost per unit of each model. 3. Using Spokes old direct labor hours single-allocation base system, compute the (single) allocation rate based on direct labor hours. Use this rate to determine the indirect manufacturing ...continues