I am needing help building journal entries for the below cost sheets.
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Activity 9 — Quantitative analysisGreat Northern Pizza Co. (Great Northern) was founded in North Vancouver 10 years ago by Rob Bruno and his sister Donna. It is now February and they have approached you, CPA, for some management consulting services.Great Northern manufactures pizzas that they sell at their corporate-owned retail
Cawley Company makes three models of tasers. Information on the three products is given here. Tingler Shocker Stunner Sales $302,000 $498,000 $200,000 Variable expenses 150,900 193,100 137,700 Contribution margin 150,100 304,900 62,300 Fixed expenses 121,412 232,988 96,200 Net income $ 29,688 $ 71,912 $ (33,900) Fixed expenses consist of
Change the total fixed manufacturing overhead cost for the Milling Department in Data area back to $390,000, keeping all of the other data the same as in the original example. Consider a new job, Job 408, with the following characteristics: In your worksheet, enter this new
Single Plantwide and Multiple Production Department Factory Overhead Rate Methods and Product Cost Distortion The management of Nova Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead
Flow of Costs and Income Statement R-Tunes Inc. is in the business of developing, promoting, and selling musical talent online and with compact discs (CDs). The company signed a new group, called Cyclone Panic, on January 1, 20Y8. For the first six months of 20Y8, the company spent $1,146,000 on
LenDin Company uses forklifts to move heavy products. Recently one of the forklift has not functioned well and management is considering updating the forklift with a faster model. Current Printer New Model Original purchase cost $30,000 $14,000 Accumulated depreciation 17,000 — Book value 8,000 Estimated operating costs (annual) 3,000 1,000
The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. The university provides both traditional undergraduate courses to 7,150 students and continuing professional education (CPE) courses to 3,850 practicing professionals. UDH has just hired
For a recent year, McDonald’s (MCD) company-owned restaurants had the following sales and expenses (in millions): Assume that the variable costs consist of food and paper, payroll, 25% of occupancy and other expenses, and 40% of the general, selling, and administrative expenses.
Explain CVP graph movements on line 3, line 9, and break-even point (in terms of unit and in terms of total $ sales) by describing it as shifting line up (down) / having a steeper (flatter) slope / points increase (decrease) / remain unchanged / direction is uncertain. Each scenario
Describe the leadership of Captain Michael Davidson and second mate Danielle Randolph in light of theory. Consider the following questions in your description: Why did the captain ignore warnings about the threat that the hurricane posed to the ship? Identify quotes from the transcripts that reinforce your answers Why did
Best Alternative to a Negotiated Agreement is the alternative action that will be taken should your proposed agreement with another party result in an unsatisfactory agreement or when an agreement fails to materialize. true or false
If the inverse demand function is 𝑝=800−4𝑄what is the marginal revenue function? Draw the demand and marginalrevenue curves. At what quantities do the demand and marginal revenuecurves hit the quantity axis? (Hint: See Q&A 9.1)
Use the Micro Brew Industry case 5 below format for case analyses in strategic management. Problem/opportunity statement and situation analysis – in this instance, what are common problems affecting most competitors?Solution statement – Alternatives, their evaluation, and justification for selected solution – again, what general recommendations would you offer a
An accrual of wages expense would have what effect on the balance sheet? Select one: A. Decrease liabilities and increase equity B. Increase assets and increase liabilities C. Increase liabilities and decrease equity D. Decrease assets and decrease liabilities E. None of the above
1. Consider the following statements: A. The segment’s net operating income, after deducting both traceable and allocated fixed costs, is negative. B. The segment’s avoidable fixed costs exceed its contribution margin. C. The segment’s allocated fixed costs plus its traceable fixed costs exceed its contribution margin. Which of the following is/are a
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of $345,800. The variable cost per unit is $0.25. What price does
SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 4,400 of these meals using 1,700 direct labor-hours. The company paid its direct labor workers a total
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 70,000 Variable expenses 38,500 Contribution margin 31,500 Fixed expenses 23,310 Net operating income $ 8,190 If sales decline to
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