E22-11 UrLink Company is a newly formed company specializing in high-speed Internet Prepare and discuss aservice for home and business. The owner, Lenny Kirkland, had divided the company Intotwo segments Home Internet Service and Business Internet Service. Each segment Is runby Its own supervisor, while basic selling and administrative services are shared by bothsegments.Lenny has asked you to help him create a performance reporting system that willallow him to measure cach segment's performance in terms of its profitability. To that end,the following information has been collected on the Home Internet Service segment forthe first quarter of 2017,responsibility reporl.(L0 2, 3), PI 22 Budgetary Control and Responsibility AccountingBudget$25,000ActualService revenueAllocated portion of:Building depreciationAdvertisingBillingProperty taxesMaterial and suppliesSupervisory salariesInsurance$26,20011,0005,0003,5001,2001,6009,0004,0003,0002,8001,50011,0004,2003,0001,0001,2009,5003,9003,2503,4001.300Gas and olEquipment depreclationInstructions(a) Prepare a responsibility report for the first quarter of 2017 for the Home InternetService segment.(b)used when preparing performance reports.Write a memo to Lenny Kirkland discussing the principles that should be

Responsibility Report: It is a report which compares the actual costs incurred with the estimated…

22 Budgetary Control and Responsibility Accounting Budget $25,000 Actual Service revenue Allocated portion of: Building depreciation Advertising Billing Property taxes Material and supplies Supervisory salaries Insurance $26,200 11,000 5,000 3,500 1,200 1,600 9,000 4,000 3,000 11,000 4,200 3,000 1,000 1,200 9,500 3,900 3,250 3,400 1,300 Wages Gas and oil Equipment depreclation 1,500 Instructions

22 Budgetary Control and Responsibility Accounting Budget $25,000 Actual Service revenue Allocated portion of: Building depreciation Advertising Billing Property taxes Material and supplies Supervisory salaries Insurance $26,200 11,000 5,000 3,500 1,200 1,600 9,000 4,000 3,000 11,000 4,200 3,000 1,000 1,200 9,500 3,900 3,250 3,400 1,300 Wages Gas and oil Equipment depreclation 1,500 Instructions

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 1EA: For the following situations, identify whether the description is probably a centralized or...

See similar textbooks

Similar questions

UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had divided the company into two segments: Home Internet Service and Business Internet Service. Each segment is run by its own supervisor, while basic selling and administrative services are shared by both segments.Lenny has asked you to help him create a performance reporting system that will allow him to measure each segment’s performance in terms of its profitability. To that end, the following information has been collected on the Home Internet Service segment for the first quarter of 2017. Budgeted Actual Service revenue $24,800 $25,000 Allocated portion of: Building depreciation 10,300 10,300 Advertising 4,700 4,200 Billing 3,200 3,200 Property taxes 1,100 1,200 Material and supplies 1,400 1,300 Supervisory salaries 9,400 9,400 Insurance 4,300 3,200 Wages…
Required information [The following information applies to the questions displayed below.] Johnson and Gomez, Inc., is a small firm involved in the production and sale of electronic business products. The company is well known for its attention to quality and innovation. During the past 15 months, a new product has been under development that allows users improved access to e-mail and video images. Johnson and Gomez code named the product the Wireless Wizard and has been quietly designing two models: Basic and Enhanced. Development costs have amounted to $201,000 and $282,000, respectively. The total market demand for each model is expected to be 53,000 units, and management anticipates being able to obtain the following market shares: Basic, 20 percent; Enhanced, 15 percent. Forecasted data follow. Projected selling price Per-unit production costs: Direct material Direct labor Variable overhead Marketing and advertising (fixed but avoidable) 208,000 Sales commissions* 15% Basic $…
Downtown! is a rapidly growing web-based retailer with about 100 management and technical support employees at its headquarters office in Florida. Mary Estrada, the firm’s IT manager, is planning a new information system that will give users better access to sales and marketing data and trends. She has a concern, however. She knows that users often request reports but use only a small portion of the data. In many offices she sees inboxes filled with printed reports gathering dust. Mary asked for your opinion: What if new system users could design most of their own reports without assistance from the IT staff, by using a powerful, user-friendly report writer program? Do you think they would request as many reports or the same types of reports? What are the pros and cons of giving users total control over output?
Define value chain and classification of costs for “Cost of Dell employees’ visit to a major customer to demonstrate Dell’s ability to interconnect with other computers.”
Alanco, Inc. manufactures a variety of products and is currently manufacturing all of its own component parts. An outside supplier has offered to sell one of those components to Alanco. The Controller has asked you to help evaluate this offer to determine if the company should make or buy the component. Here are some tips for using Excel: • Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. Basic Math Functions: Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), * (asterisk sign to multiply), and / (forward slash to divide). For example, if you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. ●
JPL, Inc. has provided its sales and expense data for the most recent period. The Controller has asked you prepare a spreadsheet that shows the related CVP Analysis computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. • Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, =B5" was entered, the formula would output the result from cell B5. or 75 in this example. • Beslc Math functlons: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: - (plus sign to add). - (minus sign to subtract). * (asterisk sign to multiply). and / (forward slash to divide). From the Excel Simulation below, if in a blank cell "=85+B6" was entered, the formula would add the values from those cells and output the result, or 120 in this example. If using the other math symbols the result would output an…
For the following situations, identify whether the description is probably a centralized or decentralized organization. A. Seaside Furniture, a small builder of side tables managed solely by its sole proprietor B. Harbor Marketing, which wants Advertising Team Leaders to be able to respond quickly to needs of potential clients so Team Leaders have the authority to make decisions about advertising and pricing C. Coutures Creations, with a single owner who manages the production, accounting, engineering, sales, and other administrative functions D. British Navy E. McDonalds franchise #3101 in Canton. Ohio F. United States Army
Please note that is this my second time to submit this question, the previous tutor answered me by copying the answer from another website. Dear tutor, If you don't want to work with dignity, then don't waste people's money and time. Please Answer me with typing Q1. Tata Unisys is an integrated IT sector company. Its products include mini and microprocessor-based systems, software sets, serial printers, and handlers. The following table contains data about the financial performance of the company for the year 2014-15 & 2015-16, you are required to use financial ratios as a tool and then analyze the company and give your comments to support your conclusions:
A wide range of accounting information system (AIS) software programs are available in the marketplace. Businesses select one that fits their needs based on budget and systems requirements. Do some research to understand the differences between the way systems process accounting information and produce reports. Choose two types of software from the following list to compare: QuickBooks, Peachtree, Oracle NetSuite, SAP, or MS Access. compare these aspects of each software program: Compare the pros and cons of each system to show the system's benefits and drawbacks for businesses in the way they handle transaction processing for accounting cycles. Discuss the way artificial intelligence (AI) or machine learning is utilized in the system and how these tools elevate data processing and data analytics.
When a company has post-acquisition expenditures related to Property, Plant, and Equipment it must determine whether the amount should be expensed as an ordinary repair or capitalized as a major repair, addition, or betterment. This requires considering the nature of the expenditure and the use of judgment. Many companies use a threshold amount. Any expenditure below the threshold is expensed. Items over the threshold are examined and a decision is made about whether to expense or capitalize the item. This approach is justified by both materiality and considering costs and benefits. For example, a company with $94 million in net property, plant, and equipment and $250 million of operating expenses would not consider a $100 repair as material. Plus, if the company had to spend thousands of dollars examining every repair expenditure, the costs of doing the analysis could easily outweigh the benefits. SouthEast Equipment has a large number of machines and equipment that are available for…
Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had received a __ from a client. The client had just requested a large quantity of components from Hung. A. purchase order B. purchase requisition C. back order D. voucher E. bill of lading
YG Entertainment (YGE) is a company dedicated to producing and distributing video clips specializing inhip-hop music. Born in the internet era, the company has actively supported laptops and tablets, so staffcan easily work remotely. They can access the company databases through the internet and provide onlineinformation to customers. This decision to support remote work has increased productivity and high moraleamong employees who were allowed to work up to two (2) days a week from home. Based on writtenprocedures and a training course, employees learn security procedures to avoid the risk of unauthorizedaccess to company data. Employees’ access to the company data includes using log-on IDs and passwordsto the application server through a virtual private network (VPN). Initial passwords are assigned by thesecurity administrator. When the employee logs on for the first time, the system forces a password changeto improve confidentiality. Management is currently considering ways to…