Questions from Managerial Accounting

Q: How can “make-or-buy” concepts be applied

How can “make-or-buy” concepts be applied to decisions at a service organization? What types of make-or-buy decisions might a service organization face?

Q: Do an Internet search on the terms carbon offset and carbon footprint

Do an Internet search on the terms carbon offset and carbon footprint. What is a carbon footprint? What is a carbon offset? Why would carbon offsets be of interest to a company? What are some companie...

Q: Estimate how many hours you will spend in each of the upcoming

Estimate how many hours you will spend in each of the upcoming three months doing the purchasing, repackaging, and selling. Select a reasonable wage rate for yourself. What will your total labor costs...

Q: Prepare a sales budget for each of the upcoming three months.

Prepare a sales budget for each of the upcoming three months.

Q: List a direct cost and an indirect cost for each of the

List a direct cost and an indirect cost for each of the three different cost objects in question 5. • Advertising • Internal control • Environmental sustainability

Q: Prepare the direct material budgets for the upcoming three months, assuming

Prepare the direct material budgets for the upcoming three months, assuming that you need to keep 10% of the direct materials needed for next month’s sales on hand at the end of each month (this requi...

Q: Prepare a direct labor budget (for your labor) for each

Prepare a direct labor budget (for your labor) for each of the upcoming three months.

Q: Think about any other expenses you are likely to have (i

Think about any other expenses you are likely to have (i.e., booth rental at a flea market or a vendor license). Prepare the operating expenses budget for each of the upcoming three months.

Q: Prepare a budgeted income statement that reflects the budgets you prepared,

Prepare a budgeted income statement that reflects the budgets you prepared, including the sales budget, direct materials budget, direct labor budget, and the operating expenses budget. This budgeted i...

Q: Describe your product. What is your cost of this product?

Describe your product. What is your cost of this product? What size (quantity) will you purchase? At what price will you sell your repackaged product? Make projections of your sales in units in each o...