Final approval of the year 3 budget took place in late year 2 after adjustments for trends and other information developed during year 2. Preliminary work on the year 4 budget also took place at that time. In early October of year 3, Davenport asked the division controller to prepare a report that presents performance for the first nine months of year 3. The report follows: Required a. Evaluate the performance of James Davenport for the nine months ending September 30, Year 3.
1. From all original estimates given, prepare estimated contribution margins by product line for the next fiscal quarter. Also, show the contributions margins per unit. 2. Prepare contributions margins in part (1) with all revisions included.
Job 655 was recently completed. The following data has been recorded on its job cost sheet: Direct materials $ 78,000 Direct labor costs 45,000 Number of units completed 4,000 The company applies manufacturing overhead on the basis of direct labor costs. The predetermined overhead rate is 75% of direct labor costs. Required: Compute the unit product cost that would appear on the job cost sheet for this job: Cost Summary: Direct Materials $ 78,000 Direct Labor 45,000 Manufacturing Overhead 33,750 ( $45,000 X 75%) ---------- Total Cost $ 156,750/Units Completed 4,000 = Unit Product Cost = $ 39.19 5. Prepare the necessary journal entries from the following information for Kingston Company: a.
Financial Position Summary Appendix I: Daily Seasonal Data * The seasonal data was used as an “ad hoc” journal or daily receipts record to build each of the financial worksheets. Appendix II: Financial Journal The DGLs Financial Journal is the formal recording of five aspects of a transaction that is found in the Daily Seasonal Data: (1) its date, (2) brief description of the transaction, (3) ledger account to be debited and amount, (4) ledger account to be credited and amount, and its (5) cross-reference title for other financial reports. It also includes additional data entries such as the weather condition on that day and number of hours the stand was open to help “flush out” the other factors affecting the DGLs. This approach provides an audit trail and a means of analyzing the effects of daily transactions on DGLs’s financial position. * The DGLs first season Financial Journal reflects the initial foray of the enterprise purchasing the requisite capital equipment (pitchers & spoons) to start the business and the daily consumables (ice, mix, and cups) required to sustain it.
| | |Hire and train new staff. |Improve accounts receivable collection to net 10 days without offering | | |Raise Strength of Workplace scores to a minimum of 4.0 in all |discounts, develop an accounts payable strategy to take advantage of | | |departments. |supplier discounts. | | |Plan, organize, lead, and direct the human resources of the company |Plan, organize, lead, and control the resources of accounting and finance | | |to
Tanglewood Case Two For the store manager group, you will analyze the information and prepare a report showing the results of the Markov analysis and the EEO investigation. The Director asked you to address these questions in your written report: Q1. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. Based on this assumption complete the five stages of the planning process: a. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year.
MAA705 Auditing T1 2013 Student:Chunwei Li -212008981 Qiao Zhang -211731543 Word count: 2207 Content Question 1..................................................................................................................................3 Question 2..................................................................................................................................5 Question 3..................................................................................................................................7 Reference..................................................................................................................................10 Question 1. Jia Chen has calculated profitability ratios using data extracted from his client’s pre-audit trial balance in 2012. Values for the same ratios for the preceding two years are based on audited figures. | |2012 |2011 |2010 | |Gross profit margin |0.45 |0.35 |0.40 | |Net profit margin |0.09 |0.15 |0.20 | 1.1 Make a list of possible explanations for the pattern observed in the gross profit and the net profit margins. This table shows that the different change about gross profit margin and net profit margin.
C. Summarized table of Evaluation Factors and Sub-factors: The table below represents a summarized table of the sub-factors that have been assigned to each of the pre-determined primary evaluation factors. Evaluation Factor #1: CORPORATE EXPERIENCEThis evaluation factor assesses the experience that a bidder is likely to add to the solicited project. The experience of the bidder should be commensurate, or similar to the requirements of the contract. | Listing of Relevant Sub-factors | Summation of Sub-factor (in 10 words or less) | #1: Years of Experience | Experience providing commensurate
Supply Chain JCT2 – Task 1 A1 Final Cumulative Balanced Scorecard ending in Quarter 4 Income Statement from Quarter 5 Balance Sheet from Quarter 5 Performance Report B1 – Adequacy of Funds Being a new participant to market it was imperative to allow the availability of cash on hand. By using the figures on the balance sheet the process of budgeting accordingly commenced. With this factor in mind, the main goal was for the allocation of fixed plant capacity for production for the preceding quarter. Upon evaluation of the income statement our main expenditures consisted of Net Fixed Assets (manufacturing capability), Research & Development and Sales Office Expense. After the end of the quarter and review of the data, it indicated that our initial goal of a conservative approach, thus conserving funds for the next quarter were evident.
Assignment 5 (25 points) Assignment 5: Credit and Loans Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment.