Chapter 13 Planning & Control (Budgets)
The following data were collected by Dakota Co. for the month of June:
Required: What was the June variance from the static budget operating income?
Exercise .5 4'
C HAPTm (3 Buncctma
Use the following to answer questions :1 cfw_-1 .
Leaf Company produces tea sets. The following sales have been predicted for the second quarter of the year:
The inventory on hand April lst
CHaPTaa M Ma
Mahal Co. produces two productsstahdar El and deluxeand' allocates its xedmanufacturing costs using
a predetermined overhead rate based on estimated total overhead for the year and estimated machine-
hours for, the year. The esti
Chapters llaJob-Order Costing
BRIEF EXERCISE Assigning Process Versus lo
Which method . . _ ?
appropriate in each of the follovnng situations.
I. An Elmer's glue factory. - -
2. A textbook publisher. such as McGtaw-Hi.
- 3. A Husky oil'renery.
Income Statement to December 31, 2014
Cost of sales
Opening inventory 1,750
Less closing inventory 2,050
Rent of weighing machinery 300
Miscellaneous operating costs 600
Chdfl'ef /O Ned-m), 3/ gcofe. 03 Wei Afqulir d
m-._.-._.-. ._-._._._-_.m.- . _.-. . . .s._._._|:_
EXERCISE 2-2 Dening Cost Terms (L01 - 001. 2; L03 - 605, 6; L04 - (3010. 11)
Following are a number of cost terms introduced in the chapter:
' . 'Varia
An incomplete exible budget is provided following for Kar Kleen, a UK company that owns and
operates a large automatic car wash facility. The UK currency is in GBP sterling, . The company
charges 6 per car wash.
Incremental Analysis and Relevant Cost
1. The opportunity cost of making a component part in a factory with no excess capacity is the
A. variable manufacturing cost of the component.
B. fixed manufacturing cost of the component.
Chapter 12 Variable Costing Exercises
1. Harris Company manufactures and sells a single product. Complete the schedule of the
company's total and per-unit costs over the relevant range of 30,000 to 50,000 units produced
and sold annually as show
Chapter 12 Calculating Variable & Incremental Cost - Cost-Volume-Prot (CVP) Analysis
Use the following information to answer Questions 1-6.
Addison Corporation's income statement for last month is shown below:
Snles _ _ _ _ _ $1.000.000
Less i'm'inlile ex
Chapter 11 Calculating Cost of Activities - Activity-Based Costing (ABC)
Use the following information to answer Questions 1-4.
Addy Company has two products: A and B. The annual production and sales of Product A is
1,700 units and of Product B is 1,100 u
0478-61 1 Chapter 10 Exercises
Differences between Financial Accounting & Management Accounting
1. What are the major differences between nancial and management accounting?
2. Classify the following activities as primarily management accounting or
International Financial Reporting
University of Windsor Spring 2017
Masters of Management
Table of Contents
Case No. 1.3
Case No. 2.5
Group Project (78-636) spring 2017
Case No. 1
Kang Company, a manufacturer of ballet shoes, is experiencing a period of sustained growth. In an effort
to expand its production capacity to meet increased demand for its product, the company recently made
UNIVERSITY OF WINDSOR
CEPE MASTERS OF MANAGEMENT
PROFESSOR BILL ORAWSKI
GROUP ASSIGNMENT (Weighting 20%)
1. Group work consists of a group assignment. Group and teamwork is essential and will
assist in developing reasoning,
The three party accountability triangle.
User(s): Shareholders, Potential Shareholders (Buyers)
Accountable Party: The Management (They are accountable to the User(s)
Auditor (Users want to give conclusion about the Accountable Party)
ACCOUNTING CONCEPTS AND
PROF. BILL ORAWSKI
What is the nature of Starbucks business? That is, based on what you know about
the company and the accompanying financial statemen
University of Windsor
Center for Executive and Professional Education
Accounting Concepts and Techniques (78-611)
First Quiz (Winter 2013)
Professor: Dr. Santanu Mitra
Total Points: 60
Circle the correct answer to the following questions. Each
QUIZ 1 (5%)
On October 2, 2011 Starbucks Corporation reported, on its Form 10-K, the following (in millions):
Total stockholders equity
Total current liabilities
What did Starbucks report
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Account and Explanation
(Record earned revenue)
Record Revenue earned
(Record receipt of c
Principles of Financial Accounting
Section 30 Monday 7:00pm 10:00 pm
Dr. Peter Savoni
Tuesday and Thursday 12:00pm to
1:30pm or by email/appointment
E-mail [email protected]
70-458 Feb 13, 2017
1. Based on what you have read, why might an investor buy shares in Essex Angel Capital? Where is
the companys value?
EXCs value comes from the debt they issued to Wellness Indicators Inc and 3Gyros Inc. They
debt was accounted for un