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linda_us
Master's Degree
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A tutor for Business, Finance, Accounts and other related topics.
Manal Elkhoshkhany
Bachelor's Degree
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Finished my BA degree with a GPA of 4.0.
F. Naz
B.Com
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Have completed B.Com and CA Finalist
Mr. Gregory White
Master's Degree
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M.A., M.S. Education / Educational Administration
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BA degree and Certified Public Accountant
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Master's Degree in Accounting with excellent math and reasoning skills
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The Dapper-Dons Partnership was formed ten years ago as a
HI, The Dapper-Dons Partnership was formed ten years ago as a general partnership to custom tailor men's clothing. Dapper-Dons is located atXXXXXin City, ST, 54321. Bob Dapper manages the business and… read more
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I'm having trouble with this problem also. I tried the link
Hello,I'm having trouble with this problem also. I tried the link and it also says it has been removed. Could you provide new link please? Thank you… read more
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I can't finish to adjust the trial balance and completed the
hello, I can't finish to adjust the trial balance and completed the part until 5. I need to find the mistake to completed the adjust balance and finished the income statement and other part of the pro… read more
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Explain the relationship between the control accounts
Explain the relationship between the control accounts (Debtors and Creditors) in the general ledger and the subsidiary ledgers relating to debtors and creditors.… read more
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For Business Tutor Manal ElkhoshkhanyI am stuck on this problem. Using the book did not help. I only have one more try for each.… read more
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Trying to calculate wacc and having a problem with the WdRd (1-Tax) +WeRe We 70% Wd 30% Rd 8% to $30,000,000 Rd 12.5% above $30,000,000 Stock Price $25.00 Expected Dividend $2.00 Expected Growth 3% Fl… read more
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Help with cost accounting : Traditional Versus ABC Systems
Traditional Versus ABC Systems Patties Pastries, Inc., (PPI) produces a variety of premium cheesecakes and sells them in individual packages directly to retail customers and in packages of 10 cakes to restaurants in New York, New Jersey, Pennsylvania, and Delaware. PPI started as a small retail outlet, where it developed a superb reputation for quality. In the late 2000s, it opened a chain of retail outlets. Only recently, it started selling cheesecakes to restaurants. Its penetration into the restaurant market has been slower than predicted. Although PPI produces several types of cheesecakes, all are about the same size and are considered a single product for costing purposes. PPI's existing costing system has a single direct-cost category, ingredients, and a single indirect-cost pool, production overhead costs. The system does not trace labor costs to the products; it considers them part of production overhead. Production overhead costs are allocated on the basis of number of cheesecakes produced. The 2015 budget projected production of 700,000 cheesecakes, 500,000 for the retail market and 200,000 for restaurants. Predicted costs were as follows:Ingredients $800,000Production overhead 2,375,000Total $3,175,000In early 2014 PPI had unsuccessfully bid for a large restaurant contract from the Ruby Tuesday's chain. Its bid had been 30% above that of the successful bidder. This came as a shock because PPI had budgeted only a small profit into the bid. In addition, the PPI plant was one of the newest and most efficient in the industry. Before completing the budget for 2015, top management of PPI asked Viola Temple, controller of PPI, to examine the company's cost accounting system. Viola had attended a short course by the Institute of Management Accountants on activity-based costing (ABC), and she thought some of the principles of ABC might apply to PPI. She felt that accounting for the ingredients was not a problem; the ingredients cost the same whether a cheesecake was produced for retail or restaurant markets. However, when she analyzed production overhead costs, she saw several possible improvements. Viola found that production overhead costs could be divided into cost pools for four activities: 1) administration, 2) facilities operations and maintenance, 3) mixing/baking, and 4) decorating/packaging. The activities in administration and facilities operations and maintenance do not involve working directly on cheesecakes, but they support the areas in which the cheese-cakes are produced. Mixing/baking and decorating/packaging are the activities that directly produce the cheesecakes. 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Mixing and Baking: Six employees are located in 6,500 sq. ft. of space with a capacity to produce 900,000 cheesecakes per year. Much of the mixing and baking operation is the same for all cheesecakes produced. However, the cheesecakes sold through PPI's own retail outlets require some special handling to give them a distinctive quality. The production line produces 95 retail cheesecakes per processing hour and 145restaurant cheesecakes per processing hour. Costs are driven by the number of processing-hours. Budged costs in mixing and baking for 2012 are $585,000. Decorating and Packaging: Decorating and packaging require three employees and 1,800 sq. ft. of space. There are two separate decorating/packaging lines. Only 25 retail cheesecakes can bedecorated and packaged per hour, while 75 restaurant cheesecakes can be decorated and packaged in the same amount of time. Costs vary with the number of decorating/packaging hours. Budgeted costs for 2012 were $1,320,000. Of this total cost, $364,000 was for packaging materials that could be traced to individual products, $345,000 to retail, and $19,000 to restaurants sales.1. Use the existing costing system to find the budgeted cost per cheesecake for the retail market and the restaurant market. Comment on the weaknesses of this system.2. Use the ABC system to find the budgeted cost per cheesecake for (a) the retail market and (b) the restaurant market. 3. Explain why the cost per cheesecake is different when applying the Traditional vs ABC Costing Systems. … read more
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Connect with online tutors for single problem help
Some of the single problems already assessed and answered by the certified Experts on JustAnswer include:
- Here is the link to my problem. The deadline is Thursday, at 12pm. Thank you for the help!
- I need to find the mistake I made in order to adjust the balance and finish the income statement in my project.
- I’m trying to calculate WACC, and I’m having a problem with the WdRd (1-Tax) +WeRe.
- Explain the relationship between the control accounts in the general ledger, and the subsidiary ledgers relating to debtors and creditors.
- I am stuck on this problem, and using the book didn’t help. I only have one more try left.
The tutors on JustAnswer can help you get the grades you always wanted, or even provide guidance that better prepares you for future questions. To ensure that you get the most accurate help possible with your single problem, be sure to let the Expert know about any important, relevant details concerning the issue. You should also be prepared to answer questions about the subject matter and any deadlines.