Showing 61 to 70 of 536 Questions
  • Celski Company, has income from operations of $60,000, invested assets of $250,000, and sales of $800,000. Use the DuPont formula to Compute the rate of return on investment and show (a) The profit margin, (b) The investment turnover, and (c) The rate of return on investment.

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  • Cepeda Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances.In addition, 8,000 units of product were sold at $8.00 per unit. Each unit sold had a standard cost of $6.00. Selling and administrative expenses were $6,000 for the month.InstructionsPrepare an income stateme

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  • Cerebral Chocolates makes custom- labeled, high-quality, specialty candy bars for special events and advertising purposes. The company employs several chocolatiers who were trained in Germany. The company offers many varieties of chocolate, including milk, semi- sweet, white, and dark chocolate. It also offers a variety of ingredients, su

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  • Cesar Company uses a standard cost accounting system. Some of the ledger accounts have been destroyed in a fire. The controller asks your help in reconstructing some missing entries and balances.InstructionsAnswer the following questions.(a) Materials Price Variance shows a $2,000 favorable balance. Accounts Payable shows $128,000 of raw

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    338
  • Chiao and Piaker, CPAs, budgeted for the following professional labor hours for the coming year: partners, 1,500; managers, 5,000; and staff, 20,000. Budgeted billing rates are: partners, $250 per hour; managers, $120 per hour; and staff accountants, $80 per hour. Prepare a revenue budget for the year ending December 31, 2011.

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    260
  • Colaw Professionals, a management consulting firm, specializes in strategic planning for financial institutions. Ken Comer and Mary Linden, partners in the firm, are assembling a new strategic planning model for use by clients. The model is designed for use on most personal computers and replaces a rather lengthy manual model currently ma

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    244
  • Coleman and Rizzuto, architects, have been using a simplified costing system in which all professional labor costs are included in a single direct cost category, professional labor; and all over head costs are included in a single indirect cost pool, professional support, and allocated to jobs using professional labor hours as the allocat

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  • CommLine Equipment Corporation specializes in the manufacture of communications equipment, a field that has become increasingly competitive. Approximately two years ago, Ben Harrington, president of CommLine, became concerned that the company's bonus plan, which focused on division profitability, was not helping CommLine remain competitiv

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  • Companhia Bradesco, S.A., of Brazil, an industrial supply store chain, has two divisions. The company’s contribution format income statement segmented by divisions for last year is given below (the currency in Brazil is the real, denoted here by R):Top management doesn’t understand why the Glass Division has such a low segment margin

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  • Comparative data on three companies in the same service industry are given below:Required:1. What advantages are there to breaking down the ROT computation into two separate elements, margin and turnover?2. Fill in the missing information above, and-comment on the relative performance of the three companies in as much detail as the dat

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