Managerial Accounting Essay Example | Topics and Well Written Essays - 1000 words - 1

Managerial Accounting - Essay Example This money would be classified as cash until the salaries are actually paid. At that point, salaries would come upon a specific salary section on the balance sheet or may even be considered a business expense and taken of the balance sheet altogether. 2) a) The predetermined overhead rate for the year is $5 per direct labor hour. (Manufacturing Overhead/ Direct Labor-hours) ($80,000/ 16,000) = $5 per direct labor hour. b) The amount of overhead charged to jobs during the year is $75,000. (Actual direct labor-hours * Predetermined overhead rate) (15,000 * $5) = $75,000 c) The amount of underapplied or overapplied overhead for the year is $3,000 underapplied. (Actual overhead costs – Applied overhead costs) ($78,000 - $75,000) = $3,000 d) The unit cost that would appear on the job cost sheet for Job #315 is $59. (Direct Materials + Direct Labor + Overhead applied)/ 100. ($1,500 + $2,400 + $2,000) = $5,900. $5,900/ 100 = $59. 3) $20,000 + $201,000 = $221,000. $221,000 - $35,000 = $186,000 4) a) TVC = $118,008/ 2,400 = $49.17. $49.17 * 2,500 = $122,925 b) TFC = $9,000/ 2,400 = $3.75. $3.75 * 2,500 = $9,375 c) TC = $122,925 + $9,375 = $132,300 d) AVC = $122,925/ 2,500 = $49.17 e) AFC = $9,375/ 2,500 = $3.75 f) ATC = $49.17 + $3.75 = $52.92 5) Sales = Variable expenses + Fixed expenses + Desired Profit $170Q = $39.10 + $641,410 + $65,450 $130.90 = $706,860 Q = $706,860/ $130.90 per unit Q = 5,400 units 6) The absorption costing net operating income for last year was $66,600. Inventory increased by 900 units. Fixed manufacturing overhead cost per unit was $3. 900 units * $3 = $2,700. Absorption cost equals variable costing net operating income times the total inventory cost. $63,000 + $2,700 = $66,600. 7) Activity-based costing is used to identify activities in an organization and assigns costs to an activity based on the actual consumption of an activity. The benefit to this type of costing model is that each activity is separate from the other and it is easie r to see which areas are performing well and which areas are performing not so well. The five levels of an activity-based cost system typically are unit-level activities, batch-level activities, product-level activities, organization-sustaining activities, and customer-level activities. The first three levels of activities are all different stages of production. Each stage of production is broken down so that it can be seen what can be cut back on. The fourth and fifth activities have more to do with management of the organization. Organization-sustaining activities are those that affect the employees of an organization, while customer-level activities deal with how customers perceive an organization to

Forensics f report Essay Example | Topics and Well Written Essays - 250 words

Forensics f report - Essay Example The first task was to secure the perimeter around the car; an event that did not take long, for the distance was not wide. Consequently, the crime scene became (exhibit P-1, P-2, P-3, and P-4). The officers realized that two bodies were at the crime scene, with the body on the driver’s seat; (exhibit D), being identified as Sally Lee exhibiting black hair and white skin. Preliminary assessments indicated that an unknown person had shot Lee on the head and throat. Both shots were visible, and it was apparent that they had come from outside the car (exhibit P-5). The victim’s head was lying on the steering wheel with both of her hands on her knees. The second victim was Megan White, a young female with white skin and brown hair who had been shot from the back and on the throat as well. She was lying on the ground a few feet away from the car (exhibit F-1). The victim encountered the ground with her face and stomach, and had both hands spread a little bit forward (exhibit A-2). The officers went ahead to picture and videotape the scene, before bringing the sketchers on board. The sketchers entered the crime scene alongside both the searcher and Custodian. After pictures, videos, measurements and sketch details were taken from the victims; a coroner was called to the location to carry the bodies out of the crime scene. At the same time, the chief Meunier arrived at the scene to help in searching for additional evidence. While the team was searching for evidence, two white males approached the team, and got extremely close to the crime scene before being repelled by the officers (exhibit K-1). The first male later identified as Jack Russell, wore a blue t-shirt, black sunglasses, a brown hat and carried what looked like an alcohol bottle. The second male identified as Mike McDonald, wore a blue shirt with orange glasses and