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What is the difference between variable and full costing.Why does

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Question

  • What is the difference between variable and full costing.
  • Why does income calculated under full absorption costing will be greater than income calculated under variable costing when production exceeds sales.
  • How does a manufacturing company can “bury” fixed manufacturing costs in ending inventory under full absorption costing.
  • If the fixed manufacturing overhead cost per unit under full costing is multiplied by the change in inventory between the beginning and ending of the period, what does the resulting number represent?

I need this assignment within 3 hours. It’s a spreadsheet that was

I need this assignment within 3 hours. It’s a spreadsheet that was started but I need help with the corrections, according to the Professor. This is what she said.You are definitely on the right track. You have the unit’s production amounts 100% correct, great job!!!!For the material purchase budget, you have the right production requirements and the required for production lbs. (the 2nd line). Prior to calculating any dollar figures let’s first determine the amount you need to purchase. For instance, using July used 99,360 in production, you need to determine your desired ending inventory. That will give you your total needs, then you subtract out your beginning inventory balance and that gives you want you need to purchase. Then you can take that amount and multiply it by the cost and that will give you the final amount. And you would repeat this for the other months.

Please complete the final case, and upload the Final case and Appendix

Please complete the final case, and upload the Final case and Appendix C.I have provided the Form 10-k of both companies.

Recently, McDonalds has announced two strategic decisions. The two stories

Question Recently, McDonalds has announced two strategic decisions. The two stories are below.The assignment is to use these articles and other sources to develop and analyze using the available data and any assumptions. The goal is to develop a descriptive case with an excel analysis. We can make up the numbers, just need help on which type of analysis (excel) to use.  Can you please help to produce an excel analysis with your data to arrive to a recommendation. Make sure to include non-financial as well as financial items in your analysis on evaluating these decisions by McDonald. Please analyze each decision separately: https://www.cnbc.com/2019/06/24/fresh-beef-helps-mcdonalds-gain-market-share-for-first-time-in-5-years.htmlhttps://www.forbes.com/sites/forbesinsights/2019/03/31/mcdonalds-purchase-of-an-ai-company-goes-ways-beyond-just-do-you-want-fries-with-that/#191fa07f4d8d

What are various sampling techniques and principles that have been

Question What are various sampling techniques and principles that have been developed to assist the auditor in providing adequate coverage and a reliable opinion using samples of transactions.

Payments to a customer for slotting fees:Multiple Choice

Question Payments to a customer for slotting fees:Multiple Choice

Which of the following statements is not true regarding the

Question Which of the following statements is not true regarding the adoption of ASC Topic 606 guidance for revenue recognition?Multiple Choice

accounting records of Dunbar Mifflin Company in 2018. Beginning of

Question accounting records of Dunbar Mifflin Company in 2018.                                                                                            Beginning of 2018            Ending of 2018Direct materials inventory                                        135,000                                83,000Work-in-process inventory                                      185,000                                154,000Finished-goods inventory                                         255,000                                216,000Purchases of direct materials                                                                                  270,000Direct manufacturing labor                                                                                      225,000Indirect manufacturing labor                                                                                   103,000Plant insurance                                                                                                             11,000Depreciation-plant, building, and equipment                                                   48,000Plant utilities                                                                                                                  29,500Repairs and maintenance-plant                                                                             13,500Equipment leasing costs                                                                                            66,800Marketing, distribution, and customer-service costs                                     129,500General and administrative costs                                                                          72,500 make a schedule of cost of goods manufactured. 

You have been asked to analyze the report below. The

Question You have been asked to analyze the report below.  The company policy is that no single inventory product should have more than 100,000 items in stock. The company has a total of 4,175 different products in inventory. The report was generate to show those products that had more than 100,000 items in stock.  Discuss your observations about this data keeping in mind trends, future predictions, and/or improvements you feel may be needed. ATTACHMENT PREVIEW Download attachment Capture.PNG

hello, I was wondering if any of you could help

Question hello, I was wondering if any of you could help me solve these accounting questions? Question 1: Land is purchased for $256,000. Additional costs include a $15,300 fee to a broker, a survey fee of $2,400, $1,750 to construct a fence, and a legal fee of $8,500. What is the cost of the land?Question 2: The term accumulated depreciation, as used in accounting, is best defined as?Question 3: On April 30, 2014, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value. Assume that in its financial statements, Tilton Products uses straight-line depreciation and rounds depreciation for fractional years to the nearest month. Depreciation expense recognized on this machinery in 2014 and 2015 will be:Question 4: Define liabilities. Identify several characteristics that distinguish liabilities from owners’ equity?

src=”/qa/attachment/8338774/” alt=”Screen Shot 2019-07-08 at 10.01.47 PM.png” />long term solvency

Question src=”/qa/attachment/8338774/” alt=”Screen Shot 2019-07-08 at 10.01.47 PM.png” />long term solvency ratios: total debt ratio, debt-equity ratio, equity multiplier.(except for year 2019) Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-07-08 at 10.01.31 PM.png Period Ending Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets 5/31/2019 4,466,000 197,000 4,272,000 5,622,000 16,525,000 4,744,000 154,000 283,000 2,011,000 2,011,000 23,717,000 5/31/2018 4,249,000 996,000 3,498,000 5,261,000 240,000 15,134,000 4,454,000 154,000 285,000 2,509,000 1,978,000 22,536,000 5/31/2017 3,808,000 2,371,000 3,677,000 5,055,000 217,000 16,061 ,000 3,989,000 139,000 283,000 2,787,000 2,516,000 23,259,000 5/31/2016 3,138,000 2,319,000 3,241,000 4,838,000 489,000 1 5,025,000 3,520,000 131,000 281,000 2,422,000 2,033,000 21 ,379.000 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-07-08 at 10.01.47 PM.png Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities 2,612,000 6,000 229,000 7,866,000 3,464,000 3,347,000 14,677,000 2,279,000 6,000 677,000 6,040,000 3,468,000 3,216,000 12,724,000 2,048,000 6,000 552,000 5,474,000 3,471,000 1,907,000 10,852,000 2,191,000 89,000 578,000 5,358,000 1,993,000 1,770,000 9,121,000 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-07-08 at 10.01.55 PM.png Stockholders’ Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Net Tangible Assets 9,040,000 9,040,000 8,603,000 3,000 3,517,000 -92,000 6,384,000 —92,000 9,812,000 9,373,000 3,000 6,907,000 -213,000 5,710,000 -213,000 12,407,000 1 1 ,985,000 3,000 4,151,000 318,000 7,786,000 318,000 12,258,000 1 1 346,000

A vision statement is a concise statement of _________________ 5

Question A vision statement is a concise statement of _________________ 5 or 10 years in the future.

(Except for year 2019) />take short term solvency ratios: current

Question (Except for year 2019) />take short term solvency ratios: current ratio, quick ratio, and cash ratio. Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-07-08 at 10.01.31 PM.png Period Ending Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets 5/31/2019 4,466,000 197,000 4,272,000 5,622,000 16,525,000 4,744,000 154,000 283,000 2,011,000 2,011,000 23,717,000 5/31/2018 4,249,000 996,000 3,498,000 5,261,000 240,000 15,134,000 4,454,000 154,000 285,000 2,509,000 1,978,000 22,536,000 5/31/2017 3,808,000 2,371,000 3,677,000 5,055,000 217,000 16,061 ,000 3,989,000 139,000 283,000 2,787,000 2,516,000 23,259,000 5/31/2016 3,138,000 2,319,000 3,241,000 4,838,000 489,000 1 5,025,000 3,520,000 131,000 281,000 2,422,000 2,033,000 21 ,379.000 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-07-08 at 10.01.47 PM.png Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities 2,612,000 6,000 229,000 7,866,000 3,464,000 3,347,000 14,677,000 2,279,000 6,000 677,000 6,040,000 3,468,000 3,216,000 12,724,000 2,048,000 6,000 552,000 5,474,000 3,471,000 1,907,000 10,852,000 2,191,000 89,000 578,000 5,358,000 1,993,000 1,770,000 9,121,000 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-07-08 at 10.01.55 PM.png Stockholders’ Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Net Tangible Assets 9,040,000 9,040,000 8,603,000 3,000 3,517,000 -92,000 6,384,000 —92,000 9,812,000 9,373,000 3,000 6,907,000 -213,000 5,710,000 -213,000 12,407,000 1 1 ,985,000 3,000 4,151,000 318,000 7,786,000 318,000 12,258,000 1 1 346,000

Occurrence- transactions, and event that have been recorded have occurred

Question Occurrence- transactions, and event that have been recorded have occurred and pertain to the entityCompleteness- all transactions and events that should have been recorded have been recordedIf assets, liabilities, or equity are not complete balances may be understated or overstatedWith regard to the answer , what might be the reasons why when performing balances managements, one can find that:Assets > Liabilities Stockholders equity ? In your answer provide specific examples and ways to mitigate the errors.

the account balances for the DC Company in 2018: Beginning

Question the account balances for the DC Company in 2018:                                                                            Beginning of 2018            Ending of 2018Direct materials inventory                       26,500                                 27,000Work-in-process inventory                     30,500                                 28,400Finished-goods inventory                        16,500                                 22,100Purchases of direct materials                                                                 79,000Direct manufacturing labor                                                                     24,500Indirect manufacturing labor                                                                  18,600Plant insurance                                                                                            7,900Depreciation-plant, building, and equipment                                  11,800Repairs and maintenance-plant                                                            3,500Marketing, distribution, and customer-service costs                    87,900General and administrative costs                                                         26,500 =Make a schedule for the cost of goods manufactured for 2018.                   = Revenues for 2018 was $425,000. make the income statement for 2018.                

Corporate governance is the process that owners and other major players surrounding

Corporate governance is the process that owners and other major players surrounding an organization are held accountable to for the company’s requirements and resources. Corporate governance can also play a big role in the audit process. Research corporate governance and auditing and answer the following questions:

You are part of a group of concerned citizens in your city

You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants. Answer the following:

A drilling rig purchased by Challenge Industries should last 7

Question A drilling rig purchased by Challenge Industries should last 7 years. The purchase price was $82,500. Shipping costs were $1,567. The trade-in value is $17,870.Find the accumulated depreciation at the end of year 6 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)

What if sales increase by 40%?

Question What if sales increase by 40%?

Please help and explain answers, thank you! ATTACHMENT PREVIEW Download

Question Please help and explain answers, thank you! ATTACHMENT PREVIEW Download attachment 6DC612D0-07A0-47B7-9BD9-FA9C7D0FFABD.jpeg Flexible Budget for Various Levels of Production Budgeted amounts for the year: Materials 2 leather strips @ $7.00 Labor 1.5 hr. @ $18.00 VOH 1.5 hr. @ $1.20 FOH $6,800 Required: 1. Prepare a flexible budget for 3,500, 4,000, and 4,500 units. Flexible Budget Variable Cost per Unit 3,500 units 4,000 units 4,500 units $ $ $ 12,250 X 14,000 X 15,750 X Direct materials $ X Direct labor 12 X 42,000 X 48,000 X 54,000 X V ‘ bl 0::rahe:d 0.8 X 2,800 X 3,200 X 3,600 X Fixed overhead 5:800 V’ 6,300 4 5:800 ‘1 $- x $- x _ x 2. CONCEPTUAL CONNECTION Calculate the unit cost at 3,500, 4,000, and 4,500 units. (Note: Round unit costs to the nearest cent.) Unit cost at 3,500 units $ X Unit cost at 4,000 units $- X Unit cost at 4,500 units $ X

for question 20 in the multiple choice section – can

Question for question 20 in the multiple choice section – can you help show the work on how they got that answer?

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