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DONALDSON & SON LTD
Donaldson & Son Ltd
Donaldson & Son Ltd
Introduction
Allocation of cost is an important part for costing accounting. The aim of this allocation s to control and capture cost of production for company via assessing cost of input for each product. Beside this, they also assess to control ...
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Accounting Problems
Accounting Problems
QE4) Data
Fixed cost = $600000
Variable cost = 55 percent of selling price
Solution
A)Contribution Margin Ratio = Since sales unit and selling price are not being provided, however, we know that company is going to spend 55 cents on every dollar
So CMR = 1-0.55= 0.45
B) Break Event Point ...
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Marketing
Marketing
Question 1
Clientele big accounts
Medium clients
Contacted prospects
20 prospects
250 prospects
Conversion cost
30 %
10 %
Acquisition cost
1000 Euros
275 Euros
Gross margin
Year 0 : 8%
Year 1:10%
Year 2:11 %
Year 3:11%
Year 0:10 %
Year 1:12 %
Year 2:15%
Year 3:18 %
Evolution of the turnover /client et by year (hypotheses)
Year 0 :14500 Euros
Year 1:15000 Euros
Year 2: 16000 Euros
Year ...
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ACCOUNTING ANALYSIS
Accounting Analysis
[Name of the Institute]
Accounting Analysis
Question # 1
Answer.
Yes, if Fox and Company wants to enhance the owner's wealth by reducing the staff salaries than it can achieve the purpose of reducing the cost and generating the maximum profit, as reducing the cost leads to maximizing the profit. But ...
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MANAGEMENT ACCOUNTING
The Management Accountant in Business
The Management Accountant in Business
Introduction
Tesco Public Limited Company is a merchandising retailer and a grocery retailer multinational chain which has it's headquarter in Cheshunt in the United Kingdom. Tesco as compared to its counterparts, Walmart and Carrefour, is the world's third largest retail store with ...
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ACCOUNTING ANALYSIS
Accounting Analysis
Accounting Analysis
Task one - Job A
Overhead Analysis Sheet
Factory Overheads
Basis of Apportionment
A
B
C
X
Y
Total
Allocated
2800
1700
1200
800
600
7100
Rent and Rates
Floor area
6000
3600
1200
1200
800
12800
Machine insurance
Machine value
3000
1250
1000
500
250
6000
Telephone charges
Direct labour hours
1706.666667
960
533.3333333
3200
Depreciation
Machine value
9000
3750
3000
1500
750
18000
Supervisor's salary
Direct labour hours
12800
7200
4000
24000
Heating & Lighting
Floor area
3000
1800
600
600
400
6400
TOTAL
38306.66667
20260
11533.33333
4600
2800
77500
Re apportionment
Service dept X
2300
1150
1150
-4600
Service dept Y
560
840
1400
-2800
TOTAL COSTS
41166.66667
22250
14083.33333
0
0
77500
Overhead Absorption rate
41166.67/3200
22250/1800
14083.33/1000
=$12.86/DLH
=$12.36/DLH
=$14.08/DLH
Job B
Job 123
Job 124
Direct materials
154
108
Direct Labour
~A
76
60.8
~B
42
35
~C
34
47.6
Factory overheads
~A
257.2
205.76
~B
148.32
123.6
~C
140.8
197.12
TOTAL COST
852.32
777.88
Job C
Quoted Selling Price
1065.4
972.35
Job D
In order ...
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MANAGEMENT ACCOUNTING
Management Accounting
Management Accounting
Introduction
Standard costing is one of the main sub-topics of cost accounting. This costing is linked with manufacturing companies with respect of their direct material cost, direct labour cost and manufacturing cost. Hence, in this paper, the focus would be on preparing a standard cost ...
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Hershey Company
Hershey Company
Introduction
Hershey is an American chocolate manufacturer. This company is Amrican oldest chocolate companies and has been an American culture Icon for its famous chocolate bar. Products that is produce by this company are Hershey's Chocolate, Hershey's Reese's, Hershey's Kisses, Hershey's Chocolate Milk, Hershey's Syrup, Hershey's Cocoa, Hershey's ...
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ACCOUNTING ANALYSIS
[Name of the Institute]
Accounting Analysis
Question # 1
Answer.
Sales from woods and the moon = 35000
Beginning Inventory = 11000
COGS = cost *Quantity
11000/1+21800/4+31200/6+4000/12= 21983.33
21983.33+11000-Ending inventory=21983
Ending Inventory=11000
Sales-COGs =Gross Profit
35000-21983=13017
Question # 2.
Units available to sale is 300 + 1500= 1800 units
FIFO method
Units available to saleBeginning inventory 300 unit under each method
Beginning + Purchases - ...
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FINANCIAL REPORTING
Advanced Financial Reporting
Executive Summary
The report is composed of two sections. Firstly, it provides a financial comparison of J Sainsbury plc and Wm Morrison Supermarkets plc, companies from the UK retail industry. Financial ratios are used as the key measure to analyze financial performance of the two companies on individual ...