Claudiel Tejeda
Professor Karim
11.30.15
Ch12 HW Accounting Karim
1. What is a relevant cost?
A cost that relates to a management decision and will change in the future as a result is a relevant
cost. The relevant cost concept is extremely useful for elim
Claudiel Tejeda
Professor Karim
11.30.15
Ch12 HW Accounting Karim
1. What is a relevant cost?
A cost that relates to a management decision and will change in the future as a result is a relevant
cost. The relevant cost concept is extremely useful for elim
Claudiel Tejeda
Professor Karim
11.16.15
Ch8 HW Accounting
1. What is a budget? What is budgetary control?
A budget is a detailed plan for the future and it is mostly described as a
quantitative plan for purchase and sales and associated financial resourc
Claudiel Tejeda
Professor Karim
11.16.15
Ch10 HW Accounting
1. What is quantity standard? What is price standard?
A quantity standard is defined as the amount of materials that can be used when
producing a single unit. While a price standard is the price
Claudiel Tejeda
Professor Karim
10.14.2015
HW 5 Chapter 5 Questions
1. What is meant by a products contribution margin ratio? How is this ratio useful in
planning business operations?
A product's CM Ratio shows how the contribution margin will be affected
Claudiel Tejeda
Professor Karim
9.30.2015
HW 4 Questions
1. Under what conditions would it be appropriate to use a process costing system?
It would be appropriately used when a homogeneous product is produced on a continuous
basis.
2. In what ways are job
Claudiel Tejeda
Professor Karim
9.23.2015
HW 3 Questions
1. Why arent actual manufacturing overhead costs traced to jobs just as direct
materials and direct labor costs are traced to jobs?
Because overhead costs cannot be easily traced to products or jobs
Chapter 8: Applying Excel
Data
1
40,000
Budgeted unit sales
Selling price per unit
Accounts receivable, beginning balance
Sales collected in the quarter sales are made
Sales collected in the quarter after sales are made
Desired ending finished goods
Claudiel Tejeda
Professor Karim
11.16.15
Ch10 Case 17
Case 10-17 Working Backwards from Variance Data.
You have recently accepted a position with Vitex, Inc., the manufacturer of a popular
consumer product. During your first week on the job, the vice pres
Chapter 5: Applying Excel
Data
Unit sales
Selling price per unit
Variable expenses per unit
Fixed expenses
20,000 units
$60 per unit
$45 per unit
$240,000
Enter a formula into each of the cells marked with a ? below
Review Problem: CVP Relationships
Compu
Claudiel Tejeda
Professor Karim
11.2.15
Ch8 HW Case 30
Case 8-30. Evaluating a Company's Budget Procedures
1. Identify the problems that appear to exist in Ferguson & Son Manufacturing
Company's budgetary control system and explain how the problems are li
Claudiel Tejeda
Professor Karim
10.14.2015
Chapter 5 Case 32
1. What is the Companys overall break-even point in dollar sales?
Sales
Variable Exp.
Cont. Margin
Fixed Expense
N.O Income
Velcro
165,000
125,000
40,000
Metal
300,000
140,000
160,000
Nylon
340,
Chapter 3: Applying Excel
Data
Allocation base
Estimated total manufacturing overhead cost
Estimated total amount of the allocation base
Actual manufacturing overhead cost
Actual total amount of the allocation base
Machine-hours
$300,000
75,000 machine-ho
Claudiel Tejeda
Professor Karim
9.15.2015
Chapter 2 Case 26
The Ramon Company is a manufacturer that is interested in developing a cost formula to estimate
the fixed and variable components of its monthly manufacturing overhead costs.
The company leases a
092f89e2aa1360062616eae51abfdbfa97ec2d3c.xlsx
Chapter 4: Applying Excel
Data
Beginning work in process inventory:
Units in process
Completion with respect to materials
Completion with respect to conversion
Costs in the beginning work in process inventory:
Claudiel Tejeda
Professor Karim
9.23.2015
Chapter 3 Case 29
1. Explain how shaving 5% off the estimated direct labor-hours in the base for the
predetermined overhead rate usually results in a big boost in net operating income at the end
of the fiscal year
Chapter 2: Applying Excel
Data
Sales
Variable costs:
Cost of goods sold
Variable selling
Variable administrative
Fixed costs:
Fixed selling
Fixed administrative
$12,000
$6,000
$600
$400
$2,500
$1,500
Enter a formula into each of the cells marked with a ?
92.283 - INTRODUCTION TO STATISTICS Required Materials:
Text: Essential Statistics 2nd Edition
Author: David S. Moore, William I. Notz & Michael A. Fligner
Instructor: Ann Marie Hurley
Office: Southwick 203
E-Mail: AnnMarie_Hurley@uml.edu
Or through the c
ComparingGroups/Scatterplots/Correlation/LinearRegression
The discussion of these topics is so intertwined that I will go over all three at once.
This problem discusses the effect of the increasing number of motorboat registrations on the
ability of the m
ComparingGroups
The Box Plot (or Box & Whisker Plot) is a graph which allows the comparison of two or more
groups of data. The individual box plot is actually a graphic representation of the Five Number
Summary. The "box" covers the Interquartile Range, w
TheNormalDistributions
Below is a picture of a probability density curve. It represents a graph of the probabilities based on a
given data set. The Normal Distribution is a specific probability distribution which is bell-shaped
and symmetric about its mea
DescribingDistributionswithNumbers
In the last section, we looked at the displaying data using graphs. Now, we are going to look at
the center and the spread of the distributions. Combining what we know about the shape of the
distribution with the locatio
PicturingDistributionswithGraphs
Data is the underlying foundation of science of statistics. We gather data to be described or
analyzed. The methods used to collect data will be discussed in a later lesson. As we will see, it
is very important to know the