Ch. 1 Managerial Accounting and Cost Concepts Copr. Goedl Direct materials are classified as:

Chapter 7 Flexible budgeting and performance evaluation Copr. Goedl 2023Owensville Pool Service is preparing a Flexible Budget Performance report for the month of July.  Data for the planning budget and the actual results are provided below. Planning budget cost formulas Estimated units of production 15,000 Sales $16 per unit Wages and salaries $36,000 Employee benefits $12,000 Supplies $4Q Rent expense $5,000 Utilities $900 plus $0.25Q Misc. expenses $8,500 plus $1.50Q Actual results Actual units of production 12,400 Sales $192,200 Wages and salaries $36,000 Employee benefits $12,400 Supplies $54,560 Rent expense $5,000 Utilities $3,380 Misc. expenses $26,800 Calculate the revenue/spending variance for Sales.

Chapter 9 Decentralized performance evaluation Copr. Goedl/StricklandBelow is the financial data for Goedl and Strickland, Inc. for the most recent fiscal year. The company paid dividends of $197,250 last year.  The company’s minimum required rate of return is 15%.     Calculate the profit margin ratio.  

Ch. 1 Managerial Accounting and Cost Concepts Copr. Goedl Bella Enterprises plans to produce 1,000 windchimes. The costs to make 1,000 units are total variable cost of $300 and total fixed cost of $9,000. Calculate total costs (both variable and fixed) if they produce 1,200 units.

Chapter 4: Cost volume profit (CVP) analysis Copr., Goedl The contribution margin statement for Sky Miles, Inc. is below.  They sell a single product to multiple airlines. 5,700 units Per unit Sales  $ 319,200  ? Variable expenses    188,100   Contribution margin $ 131,100 Fixed expenses    106,500   Net operating income $  24,600 The manager believes that decreasing the average sales price of the product from $56 to $52 will increase the sales quantity by 750 units.  What would be the effect on net operating income from this change?

Chapter 4: Cost volume profit (CVP) analysis Copr., Goedl Data for the Cincinnati Reds Supply, Co. a supplier to the Cincinnati Reds, the most popular product is below. Selling price per unit:  $150 Variable expense per unit:  $63 Fixed expense per month:  $138,690 The break-even in monthly dollar sales is closest to:

Copr., GoedlGreenWay is considering investing in a new machine to provide a new residential cleaning service. The machine costs $300,000. The machine has a useful life of 13 years and the annual depreciation expense would be $20,700. They estimate they can generate $93,300 in annual revenue from the new service. Cash operating expenses are estimated to be $42,000 per year. The machine has an approximate salvage value of $30,000 at the end of its useful life. The company has a 10% minimum rate of return. The payback period for this investment is: 

Chapter 6 Budgeting Copr Goedl/Strickland 2022 The Five Felines, LLC has budgeted quarterly production for next year as follows:                                                Quarter 1    Quarter 2   Quarter 3   Quarter 4 Production in Units             10,000         12,000        16,000       14,000 The manager is preparing the raw materials purchases budget. Four pounds of raw materials are required for each unit produced. The company began the year with 4,000 pounds in the beginning raw materials inventory. The raw materials inventory at the end of each quarter should equal 10% of the next quarter’s production needs. The material costs $3 per pound. Raw materials to be purchased in the third quarter would be:  

Chapter 4: Cost volume profit (CVP) analysis Copr., Goedl Maria’s store reported the following accounting data. Sales quantity 3,000 units Sales $36 per unit Variable costs $12 per unit Fixed costs $54,000 Calculate net income or profit.

Chapter 5 Segmented income reporting Copr., Goedl Data for March for Cincinnati Supply Corp., a supplier to Kraft Foods, and its two major business segments, Snacks and Meals, appear below: Sales revenue, Snacks $380,000 Variable expenses, Snacks $213,000 Traceable fixed expenses, Snacks $65,000 Sales revenue, Meals $230,000 Variable expenses, Meals $104,000 Traceable fixed expenses, Meals $25,000 Common fixed expenses, $156,000 Calculate the segment margin for the Meals business segment.