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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.

Chapter 8 Standard costs and variance analysis Copr., Goedl/Strickland, 2021 Four Cats, Inc. uses a standard cost system. The company reported the following data. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.  Data regarding the company’s standard cost and quantities are provided below. Standard quantity per unit Standard Price/Rate Direct materials 7.7 ounces $7.80 per ounce Direct labor 0.4 hours $38.70 per hour Variable manufacturing overhead 0.4 hours $6.10 per hour Below are the actual results for the most recent month of production. Actual results Units produced 7,750 units Raw material purchased and used 59,695 ounces for $429,804 Direct labor hours worked 2,610 hours Direct labor costs $105,966 Variable manufacturing overhead costs $14,877 Compute the Variable manufacturing overhead efficiency variance.

Chapter 6 Budgeting Copr Goedl 2022 Sheba Industries reported the following budgeted sales in units for the first quarter of the fiscal year. Month Units June 3,300 July 2,960 August 3,120 The desired ending finished goods inventory should be 10% of the next month’s sales in units. The inventory on May 31 contained 330 units, which is the beginning inventory for June. The manager is preparing the production budget. The total number of units to be produced in July is:  

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 simple rate of return for this investment is: 

In “How It Feels to be Colored Me,” what is Hurston describing when she writes, “I follow those heathen—follow them exultingly. I dance wildly inside myself; I yell within, I whoop; I shake my assegai above my head. I hurl it true to the mark yeeeeooww! I am in the jungle and living in the jungle way. My face is painted red and yellow and my body is painted blue. My pulse is throbbing like a war drum. I want to slaughter something—give pain, give death to what, I do not know” (NAAL92 p.958).

Chapter 6 Budgeting Copr Goedl 2022 Sheba Industries reported the following budgeted sales in units for the first quarter of the fiscal year. Month Units June 3,300 July 2,960 August 3,120 The sales price per unit is $50.  The manager is preparing the sales budget. Calculate total sales for August.

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 Net operating income for the Planning Budget.

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 net present value for this investment is: 

Identify the source of the line(s): “Well, this-yer Smiley had a yaller one-eyed cow that didn’t have no tail, only jest a short stump like a bannanner…”  

Chapter 8 Standard costs and variance analysis Copr., Goedl/Strickland, 2021 Four Cats, Inc. uses a standard cost system. The company reported the following data. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.  Data regarding the company’s standard cost and quantities are provided below. Standard quantity per unit Standard Price/Rate Direct materials 7.7 ounces $7.80 per ounce Direct labor 0.4 hours $38.70 per hour Variable manufacturing overhead 0.4 hours $6.10 per hour Below are the actual results for the most recent month of production. Actual results Units produced 7,750 units Raw material purchased and used 59,695 ounces for $429,804 Direct labor hours worked 2,610 hours Direct labor costs $105,966 Variable manufacturing overhead costs $14,877 Compute the Direct labor rate variance.