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Canadian Oil Company manufactures cooking oils. All direct materials are added at the beginning of the production process. The company currently uses the FIFO method. Data for the month of July is listed below.
Production data:
Beginning work−in-process
100,000 units
Units started during the period
200,000 units
Completed and transferred out
270,000 units
Manufacturing cost:
Beginning work−in−process
$176,000
Direct materials used
$244,000
How many units were started and completed with respect to direct materials during the month?
a. 170000
b. 330000
c. 270000
d. 300000
e. 200000
I'm thinking it's either 170,000 as that would be based off of the 170000 new units completed, or I was also thinking that it could be 200,000 since it says all Direct Materials are added at the beginning of the process which could mean that the work with regards to direct materials is already done even if units aren't finished. Not sure
Production data:
Beginning work−in-process
100,000 units
Units started during the period
200,000 units
Completed and transferred out
270,000 units
Manufacturing cost:
Beginning work−in−process
$176,000
Direct materials used
$244,000
How many units were started and completed with respect to direct materials during the month?
a. 170000
b. 330000
c. 270000
d. 300000
e. 200000
I'm thinking it's either 170,000 as that would be based off of the 170000 new units completed, or I was also thinking that it could be 200,000 since it says all Direct Materials are added at the beginning of the process which could mean that the work with regards to direct materials is already done even if units aren't finished. Not sure
If company A uses accelerated depreciation method as compared to company B which uses straight line method, then what will be impact on the follwoing, whether they will increase, decrease or will be same. Plz explain
A) Interest Coverage ratio
B) Return on equity
C) Current Ratio
D) Debt to Equity Ratio
A) Interest Coverage ratio
B) Return on equity
C) Current Ratio
D) Debt to Equity Ratio
Economics
To meet its commitments under the Copenhagen Agreement, the U.S. has to implement an excise tax on ozone depleters such as the chemical CFC-12. Originally, the market for CFC-12 is:
Demand Qd = 18.4 – 0.5P Supply Qs = 10 + 2.5P
After a 60 cent (0.6) excise tax is imposed, the supply curve shifts to:
Post-tax Supply Qst = 8.5 + 2.5P
a) What is the equilibrium price P before the tax is imposed?
b) What is the equilibrium price P after the tax is imposed?
c) Who bears the bigger burden of the tax – buyers or sellers?
d) What is the deadweight loss of this tax?
Demand Qd = 18.4 – 0.5P Supply Qs = 10 + 2.5P
After a 60 cent (0.6) excise tax is imposed, the supply curve shifts to:
Post-tax Supply Qst = 8.5 + 2.5P
a) What is the equilibrium price P before the tax is imposed?
b) What is the equilibrium price P after the tax is imposed?
c) Who bears the bigger burden of the tax – buyers or sellers?
d) What is the deadweight loss of this tax?
Describe the taxi market in London (competition, etcetera) in the
context of the changes taking place.
These two articles give you a picture of what the taxis in London:
BBC news: http://www.bbc.co.uk/news/technology-29740296
The Guardian: http://www.theguardian.com/technology/2014/dec/05/black-cabs-end-ofthe-road-uber
This page is on news articles on transport in
England: http://www.theguardian.com/politics/transport
context of the changes taking place.
These two articles give you a picture of what the taxis in London:
BBC news: http://www.bbc.co.uk/news/technology-29740296
The Guardian: http://www.theguardian.com/technology/2014/dec/05/black-cabs-end-ofthe-road-uber
This page is on news articles on transport in
England: http://www.theguardian.com/politics/transport
Given your answer for question 1, would you expect economics profits in the industry?
a. Explain
i. Identify some of the barriers to entry and exit (if any) that may
exist in the market?
REFER TO THIS BELOW: http://www.theguardian.com/business/interactive/2010/jan/20/cadbury-kraftnestle-mars-ferrero
a. Explain
i. Identify some of the barriers to entry and exit (if any) that may
exist in the market?
REFER TO THIS BELOW: http://www.theguardian.com/business/interactive/2010/jan/20/cadbury-kraftnestle-mars-ferrero
Given the rising price of Cocoa and sugar, Mars cut down the size of Snicker bars. Given your answer for question number 1, what would you predict will
happen?
a. Explain
REFER TO THIS BELOW: http://www.theguardian.com/business/interactive/2010/jan/20/cadbury-kraftnestle-mars-ferrero
happen?
a. Explain
REFER TO THIS BELOW: http://www.theguardian.com/business/interactive/2010/jan/20/cadbury-kraftnestle-mars-ferrero
Find out the expenditure on food items, electricity, education, clothing, house accommodation and
miscellaneous items incurred by you family in last month and prepare a pie diagram. Prepare a
project report in about 300-500 words on the basis of your survey.
miscellaneous items incurred by you family in last month and prepare a pie diagram. Prepare a
project report in about 300-500 words on the basis of your survey.
Expenses Details Actual ($) Budget ($) Variance ($)
Rent 16,000 15,000 1,000
Advertising 220,000 250,000 30,000
Office Salaries 550,000 500,000 50,000
Promotion 150,000 140,000 10,000
Total 936,000 905,000 31,000
Jack had great difficulty understanding the report, as he hadn’t been told what a variance is and didn’t understand the concept of budgetary control. He thought the report was rather unfair, as Office salaries included salaries of accounting and administrative staff over whom he had no control. Also, the rent paid, although relating to his department, was negotiated by the managing director. Jack raised these concerns with the accountant, who told him that he was not expected to do anything about the report; it was only ’for the record’.
You are required to comment briefly on the above.
Rent 16,000 15,000 1,000
Advertising 220,000 250,000 30,000
Office Salaries 550,000 500,000 50,000
Promotion 150,000 140,000 10,000
Total 936,000 905,000 31,000
Jack had great difficulty understanding the report, as he hadn’t been told what a variance is and didn’t understand the concept of budgetary control. He thought the report was rather unfair, as Office salaries included salaries of accounting and administrative staff over whom he had no control. Also, the rent paid, although relating to his department, was negotiated by the managing director. Jack raised these concerns with the accountant, who told him that he was not expected to do anything about the report; it was only ’for the record’.
You are required to comment briefly on the above.
Prepare the capital Expense Budget for the 2015 year?
The owner will purchase a new vehicle in the September quarter for $27,500.
In March they will purchase photocopiers for $5,500 and a computer system for $5,500 with an upgrade in March for a further $2,750. Each item is inclusive of GST.
The owner will purchase a new vehicle in the September quarter for $27,500.
In March they will purchase photocopiers for $5,500 and a computer system for $5,500 with an upgrade in March for a further $2,750. Each item is inclusive of GST.
explain the nature of short turn cost curve and explain short turn cost of traditional theory of cost
