Alex Sharpes Portfolio
1. Returns and Risk
Estimate and compare the returns and variability (i.e. annual standard deviation
over the past five years) of Reynolds and Hasbro with that of the S&P 500 Index.
Which stock appears to be riski
Andy (Hyeokchan) Shin
Gibson Insurance Company Case Study
Cost Per Unit
$42.20 per Step
$44.06 per Call
$10.02 per Contact
$0.00 per AUM
Unit Support Costs per Pol
Activity-Based Costing and
Explain how broad averaging undercosts and overcosts products or services.
Present three guidelines for refining a costing system.
Distinguish between simple and activi
Solutions to In Class Homework Assignments
13-16 Value-added, nonvalue-added costs.
The Magill Repair Shop repairs and services machine tools. A summary of its costs (by activity)
for 2013 is as follows:
1. Classify eac
In-Class Homework Solutions
17-16 (25 min.) Equivalent units, zero beginning inventory. On solutions sheet
Candid, Inc., is a manufacturer of digital cameras. It has two departments: assembly and testing.
In January 2014, the co
COST ALLOCATION, CUSTOMER-PROFITABILITY
ANALYSIS, AND SALES-VARIANCE ANALYSIS
In Class Problem Solutions
14-16 (15-20 min.) Cost allocation in hospitals, alternative allocation criteria.
Dave Meltzer vacationed at Lake Tahoe last winter. Unfort
Process Costing Synopsis Review and
This chapter deals with the topic of process costing. Process costing is at the other end of the
spectrum from job costing. Process-costing systems are used when companies produce a
Types of Accounting:
1. Financial accounting
2. Management accounting
3. Cost accounting
a. Cost management
1. Research and development
2. Design of products and processes
Amount($) (a)Cost Driver
# Machine hours 11200 hrs
$ 40,000.00 Production runs 160 runs
R & P control
# Production runs 160 runs
# Number of ship 1250 hr
Packaging and Shipp
# Hours of engine 30
Question 15-1 Regardless of the legal form of the agreement, a lease is accounted
for as either a rental agreement or a purchase/sale accompanied by debt financing
depending on the substance of the leasing arr
Brief Exercise 16-1
Since taxable income is less than pretax accounting income, a future taxable amount will
occur when the temporary difference reverses. This means a deferred tax liability should be
recorded to reflect the future tax con
Chapter 16 Accounting for Income Taxes
OTHER ACCOUNTING ISSUES
Tax Rate Considerations
In the recent past there have been relatively stable tax rates, but historically the congress has
adjusted tax rates on a periodic basis. The calculations of deferred t
Chapter 3 CostVolumeProfit Analysis
I. Essentials of CVP Analysis
A. Cost-Volume-Profit (CVP) Analysis used to study the behavior of & relationship among
these elements as changes occur in # of units sold, selling price, variable cost per unit or the
QUALITY, TIME, AND THE THEORY OF CONSTRAINTS
19-16 (30 min.) Costs of quality.
(CMA, adapted) Osborn, Inc., produces cell phone equipment. Amanda Westerly, Osborns president, decided to devote more
resources to the improveme
Analysis of Problem 17-16
Equivalent units, zero beginning inventory.
Candid, Inc., is a manufacturer of digital cameras.
It has two departments: assembly and testing.
In January 2014, the company incurred:
o $800,000 on direct materials
o $805,000 on con
Examination Review Materials
An Introduction to Cost Terms and
Define and illustrate a cost object.
Distinguish between direct costs and indirect costs. Raw materials can be either
Interpret unit c
Examination Review Workbook
The Manager and Management
This chapter introduces the five-step decision process utilized by managers to make a variety of
decisions. This process becomes an underlying theme of the te
Chapter 1 Key Terms
Budget the quantitative expression of a proposed plan of action by management and is an aid to
coordinating what needs to be done to execute that plan.
Chief Financial Officer (CFO) aka finance director the executive responsible for