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Management Accounting
Your company makes computer mouse pads. The mouse pads are popular gift items due to their registered use of sports team logos. The annual fixed costs of the mouse pads are \($50,000\) and the
For each of the companies listed as follows, identify whether its competitive strategy is:a. innovative product/service designb. high-quality products and servicesc. low-cost production.i. Apple
Scoop’s Ice Cream is a small company that makes its own premium ice cream and sells ice cream cones and cartons of ice cream in a retail space of the establishment. The company has been known for
Avanti Airlines is attempting to estimate the direct cost of flying a passenger from Bologna, Italy to Bordeaux, France. The estimation of direct costs is the initial step in determining a new
Describe the following activities as unit-level, batch-level, product-level, or facility level.a. Sending truck shipments of products to customers.b. Providing computer networking processing services
Are each of the following statements true or false?a. ______ ABC is likely to benefit multi-product firms more than single product firms.b. ______ A move from a single unit-based cost driver to ABC
A railroad company is trying to decide how to charge its customers for carrying freight.A manager suggests the following would be a good measure upon which to base the price of transporting freight:
Japan Airlines Group (JAL) announced a medium-term business plan with a focus on product competitiveness. Included in the plan were a decrease in the number of large aircraft, especially on
In Britain, the Municipality of Progress is considering a reimbursement fee to recover costs of its Fire Authority in cases where the local court finds the parties responsible for the fire guilty of
A fast-food restaurant is trying to determine the cost of its two services: counter service/eat-in and drive-through/take-out. Describe the typical activities associated with a fast-food
Applegate Farms is currently selling 100 dozen eggs monthly to the Jiffy Super Market for \($0.50\) per dozen. The manager at Applegate Farms estimates that the cost of feeding and caring for the
The Benson Shoe Company makes 100,000 pairs of sandals each year. The company has fixed costs of \($200,000\) per year and variable costs of \($10\) per pair of sandals. The company would like to
WireOne makes mobile telephones. It currently has plans to manufacture the AZZ01 model. By redesigning the case at a cost of £95,000, it estimates that it can cut the repair cost of warranty work by
Along with its existing models of mobile telephones, WireOne currently has plans to manufacture the TEL99 model. By redesigning the telephone’s motherboard at a cost of £495,000, WireOne estimates
Based on customer demand and competition, an auto manufacturer has decided to offer a 100,000-kilometer warranty on all parts. Using current parts and production standards, the warranty will cost the
Precision Timepieces has identified customers who would be willing to buy stopwatches with specific characteristics for £20 apiece. Precision wants a 20 percent profit margin on anything that it
Alpaca Products imports Peruvian sweaters and sells them wholesale. Lidla is a large retailer with 50 different warehouse stores across Europe. Alpaca normally purchases sweaters for €5 each and
Warpco has asked for bids for making 1,000 mechanical arms. The Hand Company has offered to supply them for \($10\) each and the Elbow Company has offered to supply them for \($11\) apiece. If Warpco
A nursery has the choice of planting trees in the ground or in pots prior to sale. The pots cost \($5\) each and potted trees must be watered 100 times per year. Trees that are planted in the ground
The Xeron Computer Company is considering a design change that would reduce the weight of its high-end desktop computer by 2 kilograms. This design change would cost \($300,000\) to implement for all
A bank generates cash to make car and motorcycle loans by selling fixed-rate savings bonds. One-year savings bonds are sold in denominations of \($1,000,\) \($10,000,\) and\($100,000.\) The
John Jitters, owner of the Virtual Buzz Coffee House, has a dilemma. Many customers have expressed disappointment that the Virtual Buzz does not serve espresso hot chocolate. Currently, Virtual Buzz
Euromaster Artworks buys and sells paintings. During March, the company had the following paintings (with their costs) in inventory. Some of the paintings have been sold and the sales price is also
Southwestern Bank provides house loans for the region. Customers seeking a loan to buy a house initially talk to a loan officer who gathers the appropriate information about the customers. The bank
A car repair shop applies overhead to different service jobs using direct labor hours.The manager estimates that total indirect costs will be \($30,000\) and total direct labor hours will be 2,000.a.
Collins Sheet Metal Shop is considering adding a metal dry box for rafts to its product mix. The metal box requires 20 square meters of 0.35 cm. aluminum. The cost of the aluminum sheet metal is £5
A tennis racquet manufacturer makes several kinds of tennis racquets. At the start of the year, the manufacturer estimates overhead to be equal to €4 million. The overhead is applied to tennis
A manufacturing firm has the following expected overhead costs, cost drivers, and expected cost-driver usage:What is the indirect cost of a product that uses 100 direct labor hours and requires five
Your company, Day-Glo Painting, has just finished its first year of operation. During the first year of operation, you painted the exterior of 20 houses in pink with purple trim. Although the first
Neptune Corporation is planning on making 1,000 units of toy planets. The planets use\($1\) of raw materials per unit and 10 minutes of direct labor at \($12\) per hour. The manufacture of the 1,000
A road contractor has been using kilometers of road constructed as a cost driver. Based on last year’s costs, he estimates that he can build a mile of road for \($3\) million. The county has
During the last 10 months, the Arcade Corporation has had the following indirect costs.The Arcade Corporation is trying to determine a good cost driver for the indirect costs.The usage of two
GMPK treats its administrative support group as an indirect cost for its three major services: auditing, tax, and consulting. The estimated costs of the administrative support group are €300,000
Dellana Lab operates four blood testing labs in Boston. The four labs are identical. They employ the same production technology, process the same types of blood tests, and buy raw materials from the
A large public accounting firm, reporting findings of a survey on corporate directors’compensation, remarked, “Since there are usually greater growth rates in smaller companies, share options
Increased demand, security fears, depleted oil reserves, and production cut-backs all contributed to an increase in the world price of crude oil. In 2012, for example, the market price was close to
Indurin Company manufactures Syndex, a popular drug for headaches. Recently, Indurin has been subject to increased competitive pressure as other pharmaceutical firms have developed and marketed new
The Itagi Computer Company based in Japan is looking to build an integrated circuit manufacturing facility in the US. Itagi Computer is concerned about the safety and well-being of its employees and
The UK National Audit Office has costed recent peacekeeping and military operations by the UK military in other countries. The calculation is based on the cost of paying and supplying personnel,
Maverick Productions organizes rock concerts. Last year, the company rented the local sports arena for a rock concert that included the Rolling Rocks. The concert was a big success and Maverick
A Blu-ray disk manufacturer feels that he needs better information on the quality of disks that the plant is producing. He is considering purchasing a scanning machine that would identify defects in
The city water department is responsible for supplying water to the city. Water is pumped from deep wells to reservoirs, chlorine is added, and the water is piped to the different customers in the
The department of accounting of the University of New North Wales is responsible for teaching the accounting classes at the university. The accounting department is analyzing what it does. The
A business consulting firm has recently begun to construct interactive web pages for 10 of its clients. The consulting firm foresees considerable future demand for website and webpage construction,
The Fantastic Software Company offers customer support to users of its software via the telephone and online. The telephone service is located in one room, with space and telephone lines for five
A recent news story described how an employee at Boston University no longer worries about the cost of sending his two children to college because his employer picks up the tab. Moreover, this
A grocery retailer is deciding how to use a particular space in the store. One option is to lease a freezer to put in the space and sell a variety of ice cream treats. The ice cream treats should
Yorkshire Ltd has a cafeteria for its employees. The cafeteria requires fixed costs of £4,700 per month and variable costs of 40 percent of sales. Cafeteria sales are currently averaging £12,000
A Munich hardware store is considering opening on Sunday. The differential cost of paying for salespeople and utilities is €1,000 per Sunday. Sales on Sunday are expected to be €10,000. The sales
The Indo Corporation is considering leasing a private jet to fly between the corporate offices in Copenhagen, Denmark and the firm’s main plant in Lisbon, Portugal. The commercial carrier has one
Allan Brothers Company has designed a machine for sorting tomatoes. The machine is able to detect bruises on a tomato. Bruised tomatoes are used for making tomato sauce.The tomatoes without defects
Trinity Church has been asked to operate a homeless shelter in its parish hall. To operate a homeless shelter, the church would have to hire a full-time employee for\($2,200\) per month to manage the
A university has 5,000 students, but a capacity of 6,000 students. The fixed cost of operating the school is \($1\) million per month. The variable cost is \($100\) per student per month.a. What is
A soccer ball manufacturer plans to make 100,000 balls per year. The following annual costs are estimated:Labor and materials are variable costs and the remaining costs are fixed.a. What are the
Oxcam College has been asked to host a professional rugby game on the campus playing field. The athletic director must estimate the opportunity cost of holding the event at the university. The only
Based on the last few years of operations (when he made between 1,000 and 15,000 units), Will Jones calculated that the fixed cost of making his sole product is \($400,000\) and the variable cost per
Beadco Company sells necklaces of beads and is trying to determine the costs of working with each supplier. One supplier of ceramic beads operates in Kenya. During the year, the supplier is expected
A Belgian manufacturer of tennis balls is noted for making all its tennis balls exactly the same. The manufacturer, however, is less certain about its costs. The manufacturer has not changed its
A Christmas tree retailer is trying to estimate demand for Christmas trees before ordering inventory for the season. The trees are purchased from the supplier for \($10\) and sold for \($25.\) Fixed
Air Bus Manufacturing estimates that the variable cost per unit of making five or less buses per month is €150,000 per bus. The variable cost per unit of making six to 25 buses per month is
The owner of a garden maintenance shop has been requested to cut and trim a yard. If the owner does the job himself, he estimates that it will take three hours to complete. If he calls a temporary
Raw materials on hand originally cost $4 per pound. They can be replaced for $6 per pound, and can be sold for $5 per pound.a. What is the opportunity cost of using the raw materials if they will
What is the opportunity cost of an employee’s time if she is paid $12/hour, cannot be replaced, and could be generating $4 of profit on another project?
Determine marginal and average costs for the following data. Also identify start-up costs and capacity constraints. Number of Units 1 2 3 Total Costs 25 40 52 4 62 5 72 6 82 7 100 00 8 130
The fixed cost of trucking a load of potatoes is $50. The variable cost is $0.50 per kilometer. How much is the estimated cost of trucking a load of potatoes 500 kilometers?
An Italian ski manufacturer has determined that the fixed cost of making slalom skis is €1 million and the variable cost is €100 per pair of skis. During normal operations the firm plans to make
Chen Industries is planning to build a computer chip factory in Canada to make 10,000 chips per month. The company has two different options in manufacturing the chips. A CAM approach will cause
Emily Stewart must decide whether to repair a fence around her garden or pay someone $300 to do it for her. If Emily repairs the fence, she could use some leftover fencing materials from a previous
Ken Morrow is returning from a thrilling accounting class. As he passes the student union building, he thinks about visiting the video games lounge. For $5 he could play the video games for one hour.
The school newspaper editor estimates that the fixed cost of an edition is $15,000. The variable cost is $0.30 per copy.a. What is the projected cost of an edition if 3,000 copies are
A large diversified company hired a recent accounting graduate as an internal auditor. He was thrilled by this opportunity. The company trained him to assist the managers of the various divisions in
The president of the company came to the controller at the end of the fiscal year. He says, “We’ve had a pretty bad year. Sales have been off, but I think we’ll do better next year. Can you do
The controller is complaining to her friend about the crazy requests that come from the top managers. “The CEO has requested that I calculate product costs to include research and development and
Dewan Inc. has several divisions, each with a manager responsible for the operations of the division. Each division of Dewan controls product design, sales, pricing, operating costs, and profits.
Steve Johnson sells sportswear for a wholesaler to retail shops. Retail shops like to have 30 days to pay after receipt of the goods. Unfortunately, retail shops often have financial difficulties and
Peter Jensen has opened a small business making handcrafted guitars. His guitars sell for around €4,000 apiece and he only sells about 30 each year. When warned about potential competition from a
The activities of managers can be categorized as either planning or control. Label each of the following manager activities as either a planning decision or a control activity.a. Choosing a price
The owner of a jewelry shop has just heard about Six Sigma as a way of managing. The owner sees no reason to invest any further in Six Sigma. As he told a friend, “Six Sigma may be relevant for
CAM welding machines can be programmed to make different types of welds. Different software is downloaded into the machine to change the welding pattern. The Kipling Box Company makes steel boxes
A hospital administrator has just read a book about JIT. She feels that JIT is a good idea for manufacturing companies, but doesn’t think that JIT would be of much use to a service organization.
Many top-level managers do not understand CIM. Only a small percentage of conversions to CIM began with top-level managers. The push for CIM usually begins with shop-floor engineers. What are the
A manager of a fashion designer and manufacturer in Milan was heard to say, “I don’t understand all the fuss about studying international business. We are already international; as is Europe. We
FulRange Inc. produces complex printed circuits for sound amplifiers. The circuits are sold primarily to major component manufacturers, and any production overruns are sold to small manufacturers at
Explain how the German concept of “Controlling” differs from Anglo-Saxon management accounting.
What are the main influencing factors of cost of capital in a firm? Explain, why a company’s cost of capital is not independent of its supply chain partners.
The financial accounting department of your company has provided you with the following figures, showing key annual accounts data. Determine net working capital and the cash-to-cash cycle time for
How might planning in a not-for-profit organization such as the World Wildlife Fund differ from planning in a for-profit organization such as Airbnb?
Provide examples of the sources of data a residential solar panel company might gather when engaging in environmental scanning. Exhibit 8-6 may be helpful when answering this question.
What potential ethical issues do you see here? What are the strategic issues?
If you were an employee or executive with stock options, would you press Mr. Abernathy to take the medication? Why or why not?
Is Johnson Controls helping customers meet their strategic or operational goals? Explain.
What advantages and disadvantages does Johnson Controls’ OpenBlue platform have over companies looking to develop solutions on their own?
What contingency planning might Johnson Controls need to complete regarding its approach to helping companies reach their net zero goals?
How could additional collaborations help Johnson Controls and Accenture expand?
What factors will make it difficult for Tesla to meet its stated objective of 5,000 Model 3 sedans per week? Explain why you think its stated objective should (or should not) have been different than
What is the downside of setting an ambitious production objective as Tesla has for 2030?
How supportive do you think Tesla’s production staff is of the objective to produce 20 million electric vehicles in 2030? Would it have a positive or negative impact on morale? Explain.
Why is strategic management important for organizations?
Describe the five steps in the strategic management process.
Should executives complete the strategic plan without input from other employees and managers? Why or why not?
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