Managerial Accounting - Instant Memories Film Company

Problem 5-3A Budgeted income statement And supporting budgets Objective 4 Total direct labor cost in Slitting Dept., $205,120 The budget director of Instant Memories Film company, with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for October 2003. a. Estimated sales for October: Instant Image……………. 26,800 units at $65 per unit Pro Image……………….. 20,400 units at $90 per unit b. Estimated inventories at October 1: Direct materials: Finished Products: Celluloid…….2,700 lbs Instant Image…….4,800 units at... click for more

Compute for cost per equivalent unit assuming (a) FIFO method (b) Weighted Average Method

Mack Company has following info available for November: BEG work in Process Inventory (25% complete as to conversion) 10,000 units Started 120,000 units Ending Work in process inventory (30% complete as to conversion) 30,000 units Beginning Work in Process Inventory Costs: MATERIAL $2,100 CONVERSION $2,030 Current period Costs: MATERIAL $33,000 CONVERSION $109,695 All material is added at the start of production and all products completed are transferred out. Prepare a schedule showing computations for cost per equivalent unit assuming the (a) FIFO metho... click for more

Determining the proper disposition of costs using a weighted average method.

In the lamination department, varnish is added when the goods are 60% complete as to overhead. The units that are spoiled during processing are found upon inspection at the end of production. Spoilage is considered discrete. Production Data For March Beg.Inv.(80% complete as to labor, 70% complete as to overhead): 1,000 units Transferred in during month 7,450 units End. Inv.(40% complete as to labor 20% complete as to Overhead) 1,500 units Normal Spoilage(found in final inspec) 100 units Abnormal Spoilage(Found @ 30%completion of direct labor & 15% of conversion) 200 units All other units were transferred to finished Goods. ... click for more

Find: finished equiv. costs using FIFO, # of units of good product,finished equiv dept costs & conversion cost using FIFO

The formula for a chemical compound requires one pound of Chemical X and one pound of Chemical Y. In the simplest sense, one pound of Chemical X is processed in Department A and transferred to Department B for further processing where one pound of Chemical Y is added when the process is 50% complete. Whent the processing is complete in Department B, the finished compound is transferred to finished goods. The process is continuous, operating 24 hours a day. Normal spoilage occurs in Dept. A. 5% of material is lost in the first few seconds of processing. No spoilage occurs in Dept. B. The following data are available for the month of October: DEPARTMENT A: Units in process, October ... click for more

Correlation

Dode Brinker own a portfolio of two securities with the following expected returns, standard deviation, and weights Security--Expected return--Standard deviation--Weight A 10% 20% .35 B 15% 25 .65 What correlation between the two securities produces the maximun portfolio standard deviation ? What correlation between the two securities produces the minimum portfolio standard deviation. Show calculation