Clifton Technologies Companys 2014 master budget called for using 60,000 hours of labor to produce 180,000 units
Question:
Required
Assume you are the vice president of manufacturing. Should you criticize or praise the production supervisor’s performance? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
The data in the problem suggest that employees can produce ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
Question Posted:
Students also viewed these Managerial Accounting questions
-
You are the vice president of International InfoXchange, headquartered in Chicago. All shareholders of the firm live in the United States. Earlier this month, you obtained a loan of 5 million...
-
You are the vice president of International InfoXchange, headquartered in Chicago, Illinois. All shareholders of the firm live in the United States. Earlier this month you obtained a loan of 5...
-
Loretto Technologies Company's 2018 master budget called for using 60,000 hours of labor to produce 180,000 units of software. The standard labor rate for the company's employees is $50 per direct...
-
Cindy purchased a building for $1,000,000. How should she deal with the expense on her tax return? a) She must deduct the $1,000,000 in the year of purchase. b) She must not deduct anything and wait...
-
One way of naming alcohols is to name the alkyl group that is attached to the -OH and add the word alcohol. Write bond-line formulas for (a) Propyl alcohol and (b) Isopropyl alcohol.
-
Write an equation for the second electron affinity of chlorine. Would you predict a positive or a negative energy value for this process? Is it possible to directly measure the second electron...
-
Name the strongest benefit and the greatest weakness of agile development methodologies.
-
Laya Corporation produced 200,000 watches that it sold for $16 each during 2012. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported an $800,000 gross...
-
Given the economic devastation of natural disasters such as floods, what strategies can insurance companies and government entities utilize to meet their long term debt responsibilities?
-
Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the...
-
At the beginning of its most recent accounting period, Milton Company had planned to clean 400 house roofs at an average price of $360 per roof. By reducing the service charge to $320 per roof, the...
-
Amner Manufacturing Company had an excellent year. The company hired a new marketing director in January. The new directors great motivational appeal inspired the sales staff, and, as a result, sales...
-
What is return on investment, and how is it calculated?
-
Find the sectional lift coefficient for a thin symmetric airfoil with integrating the lifting pressure coefficient.
-
Obtain the surface pressure distribution of a spherical segment which has an apex angle of \(60^{\circ}\) and \(2 \mathrm{~m}\) radius oscillating about its nose with small amplitude.
-
Show that the enthalpy can be expressed in terms of the pressure and the density as follows: \(\mathrm{h}=2 \gamma /(\gamma-1)(\mathrm{p} / ho)\).
-
The indicative of the stall flutter is the sign of the integral under the curve of (i) lift vs vertical displacement for plunging, (ii) moment vs angle of attack for pitching. Why? In obtaining the...
-
Construct an audit questionnaire of management performance, which could be given to members of a project team. Test this on someone who has managed you. What areas would you suggest for improvement?
-
(a) Could tert-butylamine be prepared by the Gabriel synthesis? If so, write out the synthesis. If not, explain why. (b) Propose a synthesis of tert-butylamine by another route.
-
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
-
Using the data in Tables 7.4 and 7.5, calculate the total year-end bonus amount for a nurse manager who earns $100,000 annually, has a 10% bonus target, meets the individual financial contributions,...
-
Rafael Ortega, manager of the Pena Music Hall, is considering the opportunity to expand the companys concession revenues. Specifically, she is considering whether to install a popcorn machine. Based...
-
Determining the net present value Howard Parmer has decided to start a small delivery business to help support himself while attending school. Mr. Parmer expects demand for delivery services to grow...
-
Two alternative investment opportunities are available to Claude Reyna, president of Reyna Enterprises. For the first alternative, the present value of cash inflows is $133,000, and the present value...
-
Select three services: one high in search attributes, one high in experience attributes, and one high in credence attributes. Specify what product characteristics make them easy or difficult for...
-
The New York City Council is ready to vote on two bills that authorize the construction of new roads in Manhattan and Brooklyn. If the two boroughs join forces, they can pass both bills, but neither...
-
Miss Israel has a chest tube in place for a spontaneous pneumothorax. You note that the water seal chamber is bubbling vigorously. What could cause this? What should you do? You are totaling intake...
Study smarter with the SolutionInn App