Thomas Edison ACC102 full course all Written Assignments+ final project+ discussions
Thomas
Edison ACC102 full course all Written Assignments+ final project+ discussions
Thomas Edison ACC102 full course all
Written Assignments+ final project+ discussions
Principles of Managerial Accounting
(ACC-102)
Section no:
Semester and year:
Final Project
1 Cost-volume-profit relationships (15 points)
The following data are available for
a product manufactured and sold by Logan Company:
Compute the following:
(a) Contribution margin per unit: $_______________
(a) Contribution margin per unit: $_______________
(b) Number of units that must be
sold to break-even: _______________ units
(c) Dollar sales volume to produce
income of $864,000 before taxes: $_______________
Computations:
2 Incremental analysis (20 points)
Information regarding current
operations of the Farrell Corporation is given below:
A proposed addition to Farrell’s
factory is estimated by the sales manager to increase sales by a maximum of
$750,000 The company’s accountants have determined that the proposed addition
will add $320,000 to fixed costs each year Variable costs are expected to be at
the same percentage as they currently are before the proposed addition
(a) Explain why the existing
$310,000 of fixed costs is a sunk cost while the $320,000 of fixed costs
associated with the proposed addition is an out-of-pocket cost
(b) Calculate by how much the
proposed addition will either increase or reduce operating income Show all work
3 Responsibility income
statement-preparation (20 points)
Gameland Village is segmented into
two sales departments: software and video games During April, these two
departments reported the following operating results:
In addition, fixed costs common to
both departments amounted to $42,000
Complete the following segmented
income statement for Gameland Village Follow the contribution margin approach,
and show percentages as well as dollar amounts Conclude your income statement
with the company’s income from operations
|
GAMELAND VILLAGE
Income Statement by Product Lines For the Month Ended April 30, 20__ |
Segments
|
||||||||
|
Gameland Village
|
Software
|
Video Games
|
|||||||
|
Dollars
|
%
|
Dollars
|
%
|
Dollars
|
%
|
||||
|
Sales
|
$
|
$400,000
|
100
|
$200,000
|
100
|
||||
|
Variable Costs
|
65
|
56
|
|||||||
|
$
|
$
|
$
|
|||||||
4 Standard cost system labor
variance (25 points)
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