variable costs

Provide a numerical example of special order decisions and make or buy decisions and explain how these decisions are backed by quantitative and qualitative considerations.

Assignment Question(s):    (Marks 15) Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example.(3 Marks) Note: Your answer must include suitable numerical examples. You are required to assume values of your own and they should not be copied from any […]

How many pies must be sold in order to break even? What would the profit (loss) be if 1,000 pies are made and sold in a month?

Break-even Point and Profit Analysis The owner of Old-Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which will require leasing new equipment for a monthly payment of $6,000. Variable costs would be $2 per pie, and pies would retail for $7 each. How many pies must be sold in order […]

Differentiate between routine operating decisions and non-routine operating decisions with suitable examples. List all non-routine operating decisions and explain any two decisions with suitable examples.

Assignment Question(s):(Marks 15) Q1. Differentiate between routine operating decisions and non-routine operating decisions with suitable examples. List all non-routine operating decisions and explain any two decisions with suitable examples.  (3 Marks) Note: Your answer must include numerical examples for each method along with qualitative consideration. (Week 8, Chapter 4) Answer: Q2. Suppose that you are […]

Based on the information, discuss a likely means of improving operating income. Explain your answer by sharing the calculations needed.

Assignment Discuss your answers to the following questions: Would an increase in variable costs per unit cause a company’s break-even point to increase or decrease? Why? Would an increase in unit selling price cause a company’s break-even point to increase or decrease? Why? An examination of the accounting records of Alinma Company disclosed a high […]

Build a pro forma Excel sheet estimating revenue and all operating cost items of the business for each of the first 3 years (12 quarters) of operation.

Pro forma Spreadsheet Part 1 Build a pro forma Excel sheet estimating revenue and all operating cost items of the business for each of the first 3 years (12 quarters) of operation. Review the pro forma examples provided in the topic Resources. Pro forma estimates should be based on researched information and rational assumptions. Part […]

What is the advantage of using comparative statements for financial analysis rather than statements for a single date or period?

Choose a question below and write an essay from it. You only need to select one question from the list below: 1. What is the advantage of using comparative statements for financial analysis rather than statements for a single date or period? 2. How does the use of the materials requisition help control the issuance […]

Select an industry of your choice and explain a product it would produce that could be accounted for using a job-costing system.

Select an industry of your choice. Explain a product it would produce that could be accounted for using a job-costing system. What are 2 variable costs for the process? What are 2 fixed costs for the process? What cost driver you would select for allocating overhead to each job?

In your own words (in a sentence or two for each), explain each of the following six concepts: Relevant range Variable costs.Also, explain how each of these costs affect or potentially affect profitability.

Reference Textbook: Free online access Walther, L. (2019). Principlesofaccounting.com. https://www.principlesofaccounting.com – As we begin to predict the behavior of costs in accounting, it is important to understand the cost structure. The cost structure is often made up of several different types of costs. Not all costs respond to a change in activity in the same […]

How does a public sector organisation which produces different types of (related) products (such as different types of trips with different priced tickets), set prices in order to break even and cover its fixed and operating costs?

Question How does a public sector organisation which produces different types of (related) products (such as different types of trips with different priced tickets), set prices in order to break even and cover its fixed and operating costs? • Convert everything on the revenue and cost sides to single ticket equivalents. • Constraints: a single […]

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