Accounting

The Simulation You are the CEO of a new company, the Andrews Corporation. You will make four sets of decisions. Your competition, Baldwin, Chester and Digby, are run by computers. ������� ��� ���������������� ��������������� all participants go up against a standard set of competitors. As with your previous simulation, the quality of your decisions directly […]

BUSINESS SIMULATIONS USA & Canada 877.477.8787 Outside USA & Canada +1.312.477.7200 WWW.CAPSIM.COM E X AMINATION     4 Welcome to Comp-XM Table of Contents 1 Introduction . . . . . . 1 2 Scoring . . . . . . . 2 2.1 Board Queries . . . . . 2 2.2 Balanced Scorecard

Sell or Process Further Decision [LO 7–7] The Scottie Sweater Company produces sweaters under the “Scottie” label. The company buys raw wool and processes it into wool yarn from which the sweaters are woven. One spindle of wool yarn is required to produce one sweater. The costs and revenues associated with the sweaters are given below:

Utilization of a Constrained Resource [LO 7–5, LO 7–6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:   Page 313 Product A B C Selling price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $180 $270 $240 Variable expenses:     Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . .     24     72     32     Other variable expenses. . . . . . . . . . . . . . . . . . . . . .  102

 Evaluating a Special Order [LO 7–4] Imperial Jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $189.95 and its unit product cost is $149.00 as shown below: Direct materials. . . . . . . . . . . . . . . . . . . . . . $ 84.00 Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . 45.00

Second-Stage Allocation [LO6–4] Klumper Corporation is a diversified manufacturer of industrial goods. The company’s activity-based costing system contains the following six activity cost pools and activity rates: Page 257 Activity Cost Pool Activity Rates Supporting direct labor. . . . . . . . . . . . . . . . . . . . . .  $6.00 per direct labor-hour Machine processing . . . . . . . . . . . . . . . . . . . . . . . .  $4.00 per machine-hour Machine setups . . . . . . . . . . . . . . . . . . . . . . . . . . .  $50.00 per setup Production orders. . . . . . . . . . . . . . . . . . . . . . . . .  $90.00

W5 Assignment Complete homework exercises in Word or Excel. Chapter 6:  Exercises  2, 3, 4, 5 Chapter 7:  Exercises 2, 4, 8, 10 and case 29 EXERCISE 6–2 First Stage Allocation [LO6–2] SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based

Required: 1. What is the company’s over-all break-even point in dollar sales?   2. Of the total fixed expenses of $271,000, $41,300 could be avoided if the Velcro product is dropped, $102,600 if the Metal product is dropped, and $94,000 if the Nylon product is dropped. The remaining fixed expenses of $33,100 consist of common

Calculate the equivalent units of production. Required: 1-a. Calculate the equivalent units of production. 1-b. Calculate the cost per equivalent unit. (Round your answers to 2 decimal places.) 1-c. How much cost should have been assigned to the ending work in process inventory? (Round your intermediate calculations to 2 decimal places.) 1-d. How much cost should have been assigned

Just look at this report that he prepared for last month for the Finishing Department. I can’t understand it. “I think we goofed when we hired that new assistant controller,” said Ruth Scarpino, president of Provost Industries. “Just look at this report that he prepared for last month for the Finishing Department. I can’t understand