Tuesday, December 24, 2019

Essay about Mid-Term Managerial Accounting - 2206 Words

Managerial Accounting Mid-Term 1.) a.) Snack-Foods division president may want to play the end-of-year games because there may be a bonus for the division president if they get certain earnings for the year. Not only a bonus for the division president; but there may be a bonus for the division itself. With that being said he could use that for the other employees to help participate in the year-end games. If corporate has seen them fallen behind, then these year-end games maybe able to apply to job security or even promotions. b.) Each year-end games †¢ Acceptable- If they plan to have it maintained until January of the following year there would be no work shown and they would not need to put a transaction regarding the†¦show more content†¦Units Materials Conversion Units to be accounted for: Beginning Inventory 400 360 160 Units Started into production 13,000 Units to Account for 13, 400 Beginning, WIP Completed 400 40 240 Started and Completed 12,900 12,900 12,900 Units Completed 13,330 Ending Inventory 100 50% 30% Units to Account For 13,400 Equivalent Units 13,350 13,330 Cost Data: Units Materials Conversion Beginning, WIP costs $5,204 $756 $4,448 Current Period Cost 392,076 29,949 362,127 Total Cost $397,280 $30,705 $366,575 Equivalent Units of Production 13,350 13,330 Cost per Equivalent Unit, a/b= $29.80 $2.30 $27.50 Cost Assignment: Transferred Out 396,340.00 Ending Inventory: Materials 115.00 Conversion 825.00 Total Cost to Account For 397,280.00 4.) a.) Discretionary fixed costs may be altered in the short-term by current managerial decisions; an example can be advertising, training or even development in which a company can always alter these decisions and bring it back later. Committed fixed costs differ due to it being long term and it cannot be reduced in the short-term; such examples are depreciation on buildingsShow MoreRelatedmanagerial accounting mid-term practice solution1733 Words   |  7 Pagessales, net operating income will tend to increase more rapidly in a company with high fixed costs and low variable costs than in a company with high variable costs and low fixed costs. T 16. All of the following costs would be found in a companys accounting records except: sunk cost. opportunity cost. indirect costs. direct costs. 17. Which of the following would most likely be included as part of manufacturing overhead in the production of a wooden table? 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