Comparison of ratios to at least one competitor

Comparison of ratios to at least one competitor (teams will choose a relevant competitor themselves)

Need the comparison along with the graphs

 RATIO ANALYSIS

I. Profitability Ratio:

1. Return on Capital Employed (ROCE):

2. Return on Equity (ROE):

3. Capital Turnover Ratio:

4. Net Margin Ratio:

5. Cost of Sales Ratio:

II. Efficiency Ratios:

1. Inventory days:

2. Trade Receivable Days

3. Trade Payable Days

4. Asset Turnover Ratio

III. Liquidity Ratios

1. Current Ratio

2. Quick Ratio

IV. Leverage Financial Ratios

1. Debt to Equity Ratio

2. Gearing Ratio

3. Interest Coverage Ratio

V. Investment Ratios

1. Earnings per Share (EPS)

2. Price Earnings Ratio (PE)

3. Dividend Cover Ratio

4. Dividend Yield Ratio

Recommend ONE initiative based on your ratio and comparative analysis that the target company could take in order to improve future profitability. Make whatever assumptions you wish [stating them clearly] and estimate the impact on relevant ratios giving numeric examples.

A client of MWF  is considering purchasing 10% of your target company’s shares. Use Book and Market values to estimate how much your target company is worth and then advise the investor how much 10% would cost. Advise the investor [giving at least three strongly justified reasons] whether it is a good investment 

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Accounting For Managers

Assignment Details

This IP builds upon your work in Units 1, 2, and 3.

You will continue your industry research by evaluating long-term liabilities and equity using industry examples. Using the financial statements (located in Appendix A: American Eagle Outfitters, Inc., 2020 Annual Report of the required textbook: Financial Accounting), review and compare the liabilities and equity of each company. Consider the following questions:

What are the significant liabilities of each company? Are they current or long-term?

What types of financing does each company rely on?

What is the equity structure of each company?

Deliverable Requirements: Your Long-Term Liabilities and Equity section should have at least 5 pages (the title and reference pages are not counted in these 5 pages) as well as follow the requirements below for using the APA style.

Address the questions above, and consider their implications to American Eagle Outfitters, Inc.

Do not forget to review the notes to the financial statements for additional information about the company’s liabilities and equity structure.

Submitting your assignment in APA format means that you will need the following at a minimum:

Title page: Remember the running head. The title should be in all capitals.

Length: There should be at least 5 pages.

Body: This begins on the page following the title and abstract pages and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-point Times New Roman or 12-point Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 5 pages. In-body academic citations to support your decisions and analysis are required. Using a variety of academic sources is encouraged.

Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format and use appropriate spacing, hanging indentation, italics, and uppercase and lowercase for the type of resource used. Remember that the reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.

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The Journal of Accounting identified critical areas of research in accounting:

The Journal of Accounting identified critical areas of research in accounting: 

  • The impact of financial reporting and disclosure on stock prices;
  • The economics of auditing, enforcement and audit oversight;
  • The use of accounting information in contracting in debt, labor, supply, and other markets;
  • The role of accounting in compensation and in corporate governance;
  • The role of managerial accounting on internal decision making such as budgeting, costing, and transfer pricing;
  • The real effects of financial reporting and disclosure (e.g. on firm behavior);
  • The economics of regulation of financial reporting and disclosure, including bank regulation;
  • International differences in financial reporting and the role of reporting standards in international capital markets;
  • The political economy of standard-setting;
  • The use of accounting information in public finance and macroeconomic statistics;
  • The impact of tax regulation on transaction structuring;
  • The role of transparency in markets and society;

Choose one of these areas and summarize some of the current research themes (last 5 years). Finally, identify questions the researchers have identified as needing further exploration in these areas.

The Journal of Accounting identified critical areas of research in accounting:

DISCUSSION ASSIGNMENT INSTRUCTIONS
Provide a 600 to 800-word summary (formatted according to APA guidelines) of the new
research in this area from a minimum of five new peer-reviewed journal articles and identify
questions that need exploring in future research.

Your discussion should be organized in a three-paragraph format:

Introductory Paragraph: gives an overview and definition of the topic you chose. At the end of
the paragraph, it gives an idea of how your forum is organized.

Current Trends Paragraph: In this paragraph, you will discuss the themes that you found in
the research from the 5 articles related to your topic. This paragraph should be a synthesis of the
research and not just a listing of annotated summaries.

Future Research Paragraph: In this paragraph, you will discuss areas of future research by
referencing the 5 articles that you identified. The future research areas should be based on the
findings of the authors of those articles rather than general ideas you may have.
*A reference section should then be included at the end of your discussion 

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Changes on the balance sheet and income statement items

Finance

Changes on the balance sheet and income statement items

ECDK BALANCE SHEET FOR THE YEAR ENDED 0000
Assetsyear 1year 2ChangeLiabilitiesyear 1year 2Change
Current Assets12502100850Current Liabilities750620-130
Fixed Assets55004820-680Long Term Liabilities48005700900
Total Assets67506920170Total Liabilities55506320770
owners’ Equity72007500300
Total of owners’ Equity and liabilities12750138201070

Changes in assets- The current assets have how a positive change from year one to year two. The difference could be a change in inventory levels, debtors, or the cash at hand. The fixed assets show a negative change, which may be attributable to the company’s plant property and equipment depreciation.

Liabilities-the current liabilities show a negative change, which may be caused by the reduction of the company’s creditors. The long term liabilities show a positive change from year one to year two, which may be caused by the acquisition of a long term debt such as a mortgage.

Equity- the owners’ equity shows a positive change from year one to year two, which may be caused by the acquisition of new company shares.

ECDK INCOME STATEMENT FOR THE YEAR ENDED 0000
Year 1Year 2Change
Sales500070002000
Less cost of goods sold25153305790
Total Revenue248536951210
Less expenses70020001300
Net income17851695-90

Total revenue-from the table we can observe that the total revenue change is positive. However, this does not give the profit/loss position of the company until expenses and taxes are paid out

Net income- from the table, the net income is negative, implying that the company made a loss.

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Income and Balance Sheets

Income and Balance Sheets

The income and balance and sheets are important statements in the financial realm, citing that they give into detail the financial accounting of any given company within a certain accounting period either quarterly, monthly, yearly, or within the two halves of a company’s accounting period.

Income and Balance Sheets

Beginning with the balance sheet, a balance sheet’s role is for detailing the liabilities and assets of a company, and hence the shareholder’s equity borne out of the difference between the value of an asset and the subsequent liability that it is attached with, within any specified period of time. Acclimatized by the above, poor performance of a company, as may be evidenced within the balance sheet, results in low asset valuation, high liability for shareholders, and a representation of low equity or low value of the company based on the differences between asset and liability value. This represents a negative connotation to the investor. On the other hand, high asset valuation, low liability of shareholders, and consequent high company equity is a positive articulation for the shareholder.

On the other hand, an income statement details the number of expenses and income over a certain period of time. It also details the amount of revenue the organisation amasses from its operations. In this light, an increase in the amount of income, and a consequent increase in the amount of revenue raised by an organization is a positive connotation from the stakeholder’s perspective. Nevertheless, an increase in the amount of income, and a consequent decreased in the amount of revenue raised, and then it has a negative connotation from the stakeholder’s perspective. On the other hand, a decrease in the amount of income and amount of revenue raised also augurs negativity from stakeholders. However, a decrease in the amount of revenue and an increase in the amount of fo revenue is a positive connotation for stakeholders.

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Describe EIGHT audit risks, and explain the auditors response to each risk, in planning the audit of Hurling Co.

Describe EIGHT audit risks, and explain the auditor’s response to each risk in planning the audit of Hurling Co.

Describe EIGHT audit risks, and explain the auditor’s response to each risk in planning the audit of Hurling Co.

You are an audit supervisor of Caving & Co and are planning the audit of Hurling Co, a listed company, for the year ending 31 March 20X7. The company manufactures computer components; the forecast profit before tax is $33.6m, and total assets are $79.3m.

Hurling Co distributes its products through wholesalers and via its website. The website was upgraded during the year for $1.1m. Additionally, the company entered into a transaction in February to purchase a new warehouse which will cost $3.2m. Hurling Co’s legal advisers are working to ensure that the legal process will be completed by the year’s end. The company issued $5m of irredeemable preference shares to finance the warehouse purchase.

During the year the finance director increased the useful economic lives of fixtures and fittings from three to four years as he felt this was a more appropriate period. The finance director has informed the engagement partner that a revised credit period has been agreed upon with one of its wholesale customers. They have been experiencing difficulties repaying the $1.2m owing to Hurling Co. In January 20X7, Hurling Co introduced a new bonus based on sales targets for its sales staff. This has resulted in a significant number of new wholesale customer accounts being opened by sales staff. The new customers have been given favourable credit terms as an introductory offer, provided goods are purchased within two months. As a result, revenue has increased by 5% over the prior year.

The company has launched several new products this year, and all but one of these launches have succeeded. Feedback on the product Luge launched four months ago has been mixed, and the company has just received notice from one of its customers, Petanque Co, of intended legal action. They are alleging the product sold to them was faulty, resulting in a significant loss of information and an ongoing detrimental impact on profits. As a precaution, sales of the Luge product have been halted, and a product recall has been initiated for any Luge products sold in the last four months.

The finance director is keen to announce the company’s financial results to the stock market earlier than last year. To facilitate this, he asked if the audit could be completed in a shorter timescale. In addition, the company intends to propose a final dividend once the financial statements are finalised.

Hurling Co’s finance director has informed the audit engagement partner that one of the company’s non-executive directors (NEDs) has just resigned. He has enquired if the partners at Caving & Co can help Hurling Co recruit a new NED. Specifically, he has requested the engagement quality control reviewer, who was until last year the audit engagement partner on Hurling Co, assist the company in this recruitment. Caving & Co also provide taxation services for Hurling Co through tax return preparation and some tax planning advice. The finance director has recommended to the audit committee of Hurling Co that this year’s audit fee should be based on the company’s profit before tax. Today, 20% of last year’s audit fee is still outstanding and was due to be paid three months ago.

(a) Define audit risk and the components of audit risk.

b) Describe EIGHT audit risks, and explain the auditor’s response to each risk, in planning the audit of Hurling Co.

(c)(i) Identify and explain FIVE ethical threats which may affect the independence of Caving & Co’s audit of Hurling Co; and

(ii) For each threat suggest a safeguard to reduce the risk to an acceptable level.

Describe EIGHT audit risks, and explain the auditors response to each risk, in planning the audit of Hurling Co.

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Tocserp is considering the purchase of a new machine that will produce

Tocserp is considering the purchase of a new machine that will produce.

1) Tocserp is considering the purchase of a new machine that will produce widgets. The widget maker will require an initial investment of $12,000 and has an economic life of five years and will be fully depreciated by the straight line method. The machine will produce 1,600 widgets per year with each costing $2.00 to make. Each will be sold at $4.50. Assume Tocserp uses a discount rate of 14 percent and has a tax rate of 34 percent. What is the NPV of the project and should Tocserp make the purchase. No, NPV = -602.17 No, NPV = -2356.56 View complete question » Yes, NPV = 1732.32 1) Tocserp is considering the purchase of a new machine that will produce widgets. The widget maker will require an initial investment of $12,000 and has an economic life of five years and will be fully depreciated by the straight line method. The machine will produce 1,600 widgets per year with each costing $2.00 to make. Each will be sold at $4.50. Assume Tocserp uses a discount rate of 14 percent and has a tax rate of 34 percent. What is the NPV of the project and should Tocserp make the purchase. No, NPV = -602.17 No, NPV = -2356.56 Yes, NPV = 1732.32 2) Your firm’s discount rate is 8 percent. You are considering the purchase of Truck A or Truck B. Truck A costs $120, has a useful life of 3 years, no salvage value and maintenance costs of $10 per year. Truck B costs $80, has a useful life of 2 years, no salvage value and maintenance costs of $15 per year. Which truck should you select and why? Truck A because the EAC of -56.6 is less than Truck B’s EAC of -59.9 Truck A because the NPV of 146 if larger than B’s NPV of 107 Truck B because the EAC of 59.9 is greater than Truck A’s EAC of 56.6 3) A business opportunity has presented itself to you and one of your classmates. Your opportunity is to enter the fast growing craft beer industry. Your projected sales in the first year is 7500 kegs. Your projected growth rate is 8 percent. Entering the business will require $35,000 of net working capital. Total fixed costs are $95,000. Variable production costs are $30 per keg and keg sales are priced at $55 each. The equipment to begin production is $175,000. The equipment will be depreciated using straight line depreciation over a five year life and has no salvage value. The tax rate is 34 percent and the required return is 25 percent. What is the NPV of the project and should you pursue the project? $42,313.13 Yes, take the project. $67,065.11 Yes, take the project. $10,310.70 Yes, take the project.

Tocserp is considering the purchase of a new machine that will produce

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Post ACC211 Unit 1 Chapter 1 Assignment1

Post ACC211 Unit 1 Chapter 1 Assignment 1.

Required:

1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,600 units?

2.2. For financial accounting purposes, what is the total amount of period costs incurred to sell 12,600 units?

3.3. If 10,600 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

4.4. If 15,100 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)

5.5. If 10,600 units are sold, what is the total amount of variable costs related to the units sold?

6.6. If 15,100 units are sold, what is the total amount of variable costs related to the units sold?7.7.If 10,600 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)

8.8. If 15,100 units are produced, what is the average fixed manufacturing cost per unit produced? (Round your answer to 2 decimal places.)

9.9. If 10,600 units are produced, what is the total amount of fixed manufacturing cost incurred to support this production level?

10.10. If 15,100 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production?11.11-a.If 10,600 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?11-b.If 10,600 units are produced, what is the total manufacturing overhead cost expressed per unit basis? (Round your answer to 2 decimal places.)

12.12-a. If 15,100 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

12-b. If 15,100 units are produced, what is the total manufacturing overhead cost expressed per unit basis? (Round your answer to 2 decimal places.)

13.13. If the selling price is $21.90 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)

14. Required:14-a. If 10,600 units are produced, what are the total amount of direct manufacturing costs incurred to support this level of production?14-b.If 10,600 units are produced, what are the total amount of indirect manufacturing costs incurred to support this level of production?

15.15.What total incremental cost will Martinez incur if it increases production from 12,600 to 12,601 units? (Round your answer to 2 decimal places.)Post ACC211 Unit 2 Chapter 3 Assignment Greenwood Company manufactures two products14,000 units of Product Y and 6,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates all of its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products Y and Z:Activity Cost PoolActivity MeasureEstimated Overhead CostExpected Activity Machining Machine-hours$203,00010,000MHsMachine setupsNumber of setups$121,900230setupsProduction design Number of products$87,0002productsGeneral factory Direct labor-hours$379,50015,000DLHsActivity MeasureProduct YProduct ZMachining7,3002,700Number of setups50180Number of products11Direct labor-hours9,5005,5001.What is the companys plantwide overhead rate? (Round your answer to 2 decimal places.)2.Using the plantwide overhead rate, how much manufacturing overhead cost is allocated to Product Y and Product Z? (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)3.What is the activity rate for the Machining activity cost pool? (Round your answer to 2 decimal places.)4.What is the activity rate for the Machine Setups activity cost pool? (Round your answer to 2 decimal places.)5.What is the activity rate for the Product Design activity cost pool? (Round your answer to 2 decimal places.)6.What is the activity rate for the General Factory activity cost pool? (Round your answer to 2 decimal places.)7.Which of the four activities is a batch-level activity?Machine setups activity 8.Which of the four activities is a product-level activity?9.Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Y? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)10.Using the ABC system, how much total manufacturing overhead cost would be assigned to Product Z? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)11.Using the plantwide overhead rate, what percentage of the total overhead cost is allocated to Product Y and Product Z? (Round your answers to 2 decimal places.)12.Using the ABC system, what percentage of the Machining costs is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)13.Using the ABC system, what percentage of Machine Setups cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)14.Using the ABC system, what percentage of the Product Design cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)15.Using the ABC system, what percentage of the General Factory cost is assigned to Product Y and Product Z? (Round your answers to 2 decimal places.)Post ACC211 Unit 3 Chapter 5 Assignment[The following information applies to the questions displayed below.]Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):Sales$21,200Variable expenses12,400Contribution margin8,800Fixed expenses6,952Net operating income$1,8481.What is the contribution margin per unit? (Round your answer to 2 decimal places.)2.What is the contribution margin ratio? Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).3.What is the variable expense ratio? Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).4.If sales increase to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.)5.If sales decline to 900 units, what would be the net operating income? (Do not round intermediate calculations.)6.What would be the net operating income if the selling price increases by $2.40 per unit and the sales volume decreases by 100 units? (Do not round intermediate calculations.)7.If the variable cost per unit increases by $1.40, spending on advertising increases by $1,900, and unit sales increase by 250 units, what would be the net operating income? (Do not round intermediate calculations.)8.What is the break-even point in unit sales? (Do not round intermediate calculations.)9.What is the break-even point in dollar sales? (Round intermediate calculations to 4 decimal places. Round your final answer to the nearest dollar amount.)10.How many units must be sold to achieve a target profit of $5,324? (Do not round intermediate calculations.)11-a.What is the margin of safety in dollars? (Do not round intermediate calculations.)11-b.What is the margin of safety percentage? (Round your final answers to the nearest whole percentage (i.e, .12 should be entered as 12).)12.What is the degree of operating leverage? (Round your answer to 2 decimal places.)13.Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? Do not round intermediate calculations. Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).14.Assume that the amounts of the companys total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $6,952 and the total fixed expenses are $12,400. Under this scenario and assuming that total sales remain the same, what is the degree of operating leverage? (Round your answer to 2 decimal places.)15.Assume that the amounts of the company’s total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $6,952 and the total fixed expenses are $12,400. Given this scenario, and assuming that total sales remain the same, calculate the degree of operating leverage. Using the calculated degree of operating leverage, what is the estimated percent increase in net operating income of a 4% increase in sales? Do not round intermediate calculations. Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).Post ACC211 Unit 4 Chapter 6 Assignment[The following information applies to the questions displayed below.]Diego Company manufactures one product that is sold for $76 per unit in two geographic regionsthe East and West regions. The following information pertains to the companys first year of operations in which it produced 58,000 units and sold 54,000 units.Variable costs per unit:Manufacturing:Direct materials$23Direct labor$15Variable manufacturing overhead$3Variable selling and administrative$3Fixed costs per year:Fixed manufacturing overhead$1,160,000Fixed selling and administrative expenses$640,000The company sold 40,000 units in the East region and 14,000 units in the West region. It determined that $320,000 of its fixed selling and administrative expenses is traceable to the West region, $270,000 is traceable to the East region, and the remaining $50,000 is a common fixed cost. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product.Required:1.What is the unit product cost under variable costing?2.What is the unit product cost under absorption costing?3.What is the companys total contribution margin under variable costing?4.What is the companys net operating income (loss) under variable costing?5.What is the companys total gross margin under absorption costing?6.What is the companys net operating income (loss) under absorption costing?7.What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)?8.1.What is the companys break-even point in unit sales?2.Is it above or below the actual sales volume?9.If the sales volumes in the East and West regions had been reversed, what would be the companys overall break-even point in unit sales?10.What would have been the companys variable costing net operating income (loss) if it had produced and sold 54,000 units?11.What would have been the companys absorption costing net operating income (loss) if it had produced and sold 54,000 units?12.If the company produces 4,000 fewer units than it sells in its second year of operations, will absorption costing net operating income be higher or lower than variable costing net operating income in Year 2?13.Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions.14.Diego is considering eliminating the West region because an internally generated report suggests the regions total gross margin in the first year of operations was $110,000 less than its traceable fixed selling and administrative expenses. Diego believes that if it drops the West region, the East region’s sales will grow by 4% in Year 2. Using the contribution approach for analyzing segment profitability and assuming all else remains constant in Year 2, what would be the profit impact of dropping the West region in Year 2?15.Assume the West region invests $48,000 in a new advertising campaign in Year 2 that increases its unit sales by 20%. If all else remains constant, what would be the profit impact of pursuing the advertising campaign?Post ACC211 Unit 5 Chapter 7 Assignment[The following information applies to the questions displayed below.]Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations:a.The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,500, 26,000, 28,000, and 29,000 units, respectively. All sales are on credit.b.Forty percent of credit sales are collected in the month of the sale and 60% in the following month.c.The ending finished goods inventory equals 25% of the following months unit sales.d.The ending raw materials inventory equals 15% of the following months raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.40 per pound.e.Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month.f.The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.g.The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $65,000.Required:1.What are the budgeted sales for July?2.What are the expected cash collections for July?3.What is the accounts receivable balance at the end of July?4.According to the production budget, how many units should be produced in July?5.If 113,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?6.What is the estimated cost of raw materials purchases for July?7.If the cost of raw material purchases in June is $149,340, what are the estimated cash disbursements for raw materials purchases in July?8.What is the estimated accounts payable balance at the end of July?9.What is the estimated raw materials inventory balance (in dollars) at the end of July?10.What is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?11.If the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labor-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.)12.What is the estimated finished goods inventory balance at the end of July, if the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labor-hour?13.What is the estimated cost of goods sold and gross margin for July, if the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labor-hour?14.What is the estimated total selling and administrative expense for July?15.What is the estimated net operating income for July, if the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labor-hour?Post ACC211 Unit 6 Chapter 8 Assignment[The following information applies to the questions displayed below.]Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:Direct material: 4 pounds at $10.00 per pound$40.00Direct labor: 2 hours at $14.00 per hour28.00Variable overhead: 2 hours at $6.00 per hour12.00Total standard variable cost per unit$80.00The company also established the following cost formulas for its selling expenses:Fixed Cost per MonthVariable Costper Unit SoldAdvertising$270,000Sales salaries and commissions$100,000$12.00Shipping expenses$3.00The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs:a.Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production.b.Direct-laborers worked 62,000 hours at a rate of $15.00 per hour.c.Total variable manufacturing overhead for the month was $390,600.d.Total advertising, sales salaries and commissions, and shipping expenses were $279,000, $390,600, and $122,000, respectively.Required:1.What raw materials cost would be included in the companys flexible budget for March?2.What is the materials quantity variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)3.What is the materials price variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)4.If Preble had purchased 177,000 pounds of materials at $9 per pound and used 150,000 pounds in production, what would be the materials quantity variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)5.If Preble had purchased 177,000 pounds of materials at $9.20 per pound and used 150,000 pounds in production, what would be the materials price variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)6.What direct labor cost would be included in the companys flexible budget for March?7.What is the direct labor efficiency variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)8.What is the direct labor rate variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)9.What variable manufacturing overhead cost would be included in the companys flexible budget for March?10.What is the variable overhead efficiency variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)11.What is the variable overhead rate variance for March? (Do not round intermediate calculations. Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)12.What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the companys flexible budget for March?13.What is the spending variance related to advertising? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)14.What is the spending variance related to sales salaries and commissions? (Input the amounts as positive values. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)15.What is the spending variance related to shipping expenses? (Input the amount as a positive value. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance.).)Post ACC211 Unit 7 Chapter 9 Assignment[The following information applies to the questions displayed below.]Westerville Company reported the following results from last years operations:Sales$1,500,000Variable expenses730,000Contribution margin770,000Fixed expenses470,000Net operating income$300,000Average operating assets$937,500This year, the company has a $362,500 investment opportunity with the following cost and revenue characteristics:Sales$580,000Contribution margin ratio70% of salesFixed expenses$319,000The companys minimum required rate of return is 10%.Required:1.What is last years margin?2.What is last years turnover? (Round your answer to 1 decimal place.)3.What is last years return on investment (ROI)?4.What is the margin related to this years investment opportunity?5.What is the turnover related to this years investment opportunity? (Round your answer to 1 decimal place.)6.What is the ROI related to this years investment opportunity?7.If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e .1234 should be entered as 12.3))8.If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year? (Round your answer to 2 decimal places.)9.If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Round your percentage answer to 1 decimal place (i.e .1234 should be entered as 12.3))10-a.If Westervilles chief executive officer will earn a bonus only if her ROI from this year exceeds her ROI from last year, would she pursue the investment opportunity?10-b.Would the owners of the company want her to pursue the investment opportunity?11.What is last years residual income?12.What is the residual income of this years investment opportunity?13.If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year?14.If Westervilles chief executive officer will earn a bonus only if her residual income from this year exceeds her residual income from last year, would she pursue the investment opportunity?15-a.Assume that the contribution margin ratio of the investment opportunity was 60% instead of 70%. If Westervilles Chief Executive Officer will earn a bonus only if her residual income from this year exceeds her residual income from last year, would she pursue the investment opportunity?15-b.Would the owners of the company want her to pursue the investment opportunity?Post ACC211 Unit 7 Chapter 10 Assignment[The following information applies to the questions displayed below.]Cane Company manufactures Alpha and Beta products that sell for $240 and $162, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to produce 131,000 units of each product annually. Its unit costs for each product at this level of activity are given below:AlphaBetaDirect materials$35$15Direct labor4823Variable manufacturing overhead2725Traceable fixed manufacturing overhead3538Variable selling expenses3228Common fixed expenses3530Total cost per unit$212$159The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are deemed unavoidable and have been allocated to products based on sales dollars.Required:1.What is the total amount of traceable fixed manufacturing overhead for the Alpha product line and for the Beta product line?2.What is the companys total amount of common fixed expenses?3.Assume that Cane expects to produce and sell 100,000 Alphas during the current year. One of Cane’s sales representatives has found a new customer that is willing to buy 30,000 additional Alphas for a price of $160 per unit. If Cane accepts the customers offer, how much will its profits increase or decrease?4.Assume that Cane expects to produce and sell 110,000 Betas during the current year. One of Canes sales representatives has found a new customer that is willing to buy 2,000 additional Betas for a price of $83 per unit. If Cane accepts the customers offer, how much will its profits increase or decrease?5.Assume that Cane expects to produce and sell 115,000 Alphas during the current year. One of Cane’s sales representatives has found a new customer that is willing to buy 30,000 additional Alphas for a price of $160 per unit. If Cane accepts the customers offer, it will decrease Alpha sales to regular customers by 14,000 units.a.Calculate the incremental net operating income if the order is accepted? (Loss amount should be indicated with a minus sign.)b.Based on your calculations above should the special order be accepted?6.Assume that Cane normally produces and sells 110,000 Betas per year. If Cane discontinues the Beta product line, how much will profits increase or decrease?7.Assume that Cane normally produces and sells 60,000 Betas per year. If Cane discontinues the Beta product line, how much will profits increase or decrease?8.Assume that Cane normally produces and sells 80,000 Betas and 100,000 Alphas per year. If Cane discontinues the Beta product line, its sales representatives could increase sales of Alpha by 13,000 units. If Cane discontinues the Beta product line, how much would profits increase or decrease?9.Assume that Cane expects to produce and sell 100,000 Alphas during the current year. A supplier has offered to manufacture and deliver 100,000 Alphas to Cane for a price of $160 per unit. If Cane buys 100,000 units from the supplier instead of making those units, how much will profits increase or decrease?10.Assume that Cane expects to produce and sell 75,000 Alphas during the current year. A supplier has offered to manufacture and deliver 75,000 Alphas to Cane for a price of $160 per unit. If Cane buys 75,000 units from the supplier instead of making those units, how much will profits increase or decrease?Post ACC211 Unit 8 Chapter 11 AssignmentThe management of Kunkel Company is considering the purchase of a $20,000 machine that would reduce operating costs by $5,000 per year. At the end of the machines five-year useful life, it will have zero scrap value. The companys required rate of return is 13%.Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables.Required:1.Determine the net present value of the investment in the machine.2.What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine? (Any cash outflows should be indicated by a minus sign.)

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