Managerial Accounting Chapter 2

The correct answer is D, $700,000. The nonmanufacturing costs are the costs incurred to make the inventory are crossed out below. Notice that purchasing raw material is not the same thing as incurring a cost. You have simply traded one asset for another. You have not yet used it to make a product, or provide a service.

In the article “Concert Tickets Shouldn't Be So Freaking Expensive,” Elissa Sanci discusses her love for concerts and music but she argues that tickets have become too expensive. Sanci goes on to attack the artists themselves claiming that they are being too greedy and they need to cut ticket prices by half, she believes that the fans should be treated better, since we are the ones that support the artists and “not made to slave away working to be able to attend concerts”. In the end of the essay she goes on to say that no matter how expensive the concert tickets are she will continue to pay for them, even if it ends up coming to her having to sell an organ. The author doesn't do a very good job arguing for cheaper price tickets, instead she contradicts herself making the argument seem weak.

1- The total unit cost = Total Variable Cost + Production Fixed Expenses + Advertising Expense + Selling and Administrative Expense = 3.23 + 1.20 + 0.30 + 0.19 = 4.92.

The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the

14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?

The major weakness in the survey was not targeting the core group of subscribers that the initial decline in attendance was targeted as a problem. Because the majority of the respondents had not been too a concert in several years, this information will do very little to discover why there has been a loss in season ticket holders year to year. Unfortunately a separate survey must be done at the next regularly scheduled event. This survey must concentrate on the following key areas:

The focus of EEC’s investment of the purchasing of the supplier is to cut down on

|Price of Belgium cocoa beans|Quantity of Belgium cocoa beans |Quantity of Belgium cocoa beans |Total Demanded |

million dollars. That is about two cents an acre. This land was a very rich farmland that

Explain the corresponding impact on total revenue for each of the three price ranges identified in part G.

a. For an annual volume of 12,000 tires, determine the total cost, total revenue, and profit.

production and sales of Product A is 2,000 units and of Product B is 3,000 units. There are three activity cost

For this assignment I chose to compare and contrast two concerts. The first concert is from the modern era, while the other is a Baroque Era concert originating from the 17th Century preformed by a modern day orchestra. The Baroque Era Concert takes place in a large modern day Lutheran Church in front of a small crowd of well dressed onlookers. The second concert that I chose for this assignment is a modern day rock concert from the English Symphonic Rock Band, Muse. This concert takes place at the O2 Sheppard’s Bush Empire Theatre in London, England. The crowd is large and ruckus, the concert is loud, bright, and energetic.

Company operates in the Industrial Sector – Services, and Industry – Regional Airlines. According to the Standard Industrial Classification System (SIC), company belongs to the industry group 451: Air

For instance, the concept of cost estimation which assists in estimating future expenditure as the expenditure depends on the cost of the respective activities can be applied in the setting of a budget which is simply an estimate and schedule of all costs required to be assigned to an activity. One can make an estimation of the resources required for an activity by applying the cost estimation techniques. Since there are limiting factors to each activity such as scarcity of resources for activities, the concept of constraints can be applied together with the concept of cost volume profit analysis to ensure that maximum benefits are driven from the scarce resources and the number of activities that are available. This facilitates the allocation of resources that most equitable and profitable. The theory of constraints is also applicable in the process of setting up budgets. In setting up budget one considers the amount of resources that are available and cannot therefore set a budget plan that exceeds the amount of resources that are available. This implies that the budget is constrained by the amount of