Behemoth Motors Corps Case Study

Accounting is the methodical and full recording of financial transactions relating to a business, and it also denotes to the procedure of briefing, examining and evaluating these transactions to cross checking agencies and tax collection agencies. Accounting is one of the key purposes for nearly any company. It may be done by an auditor and accountant at small businesses or by substantial finance subdivisions with lots of employee’s at

2. What is the total cost? How much of the total cost are labor costs? Capital costs?

In our analysis we determined the equations for total cost and marginal cost using the average cost obtained from the regression model provided, and the fixed costs estimates in the collected data calculated by a previous resource endorsed by the company. Once we have determined the marginal cost equation, we calculated the output for perfect competition profit maximizing criteria P

Blanco Company estimates that its variable manufacturing overhead (all requiring cash expenditures) is $32 per direct labor hour. The total fixed manufacturing overhead of $1,881,120 per month includes depreciation on the factory building of $120,000 per month and depreciation on the factory equipment of $30,000 per month for total depreciation of $150,000 per month. (Thus, the cash spent for fixed manufacturing overhead is $1,731,120 ($1,881,120 – $120,000 – $30,000) per month.) Cash disbursements for manufacturing overhead occur in the same month in which the company incurs the cost. Be sure to show the calculation of the average predetermined overhead rate for the quarter as a whole only—total budgeted manufacturing overhead cost

The structure of an organization will affect its financial management. Generally financial accounting is for outside use so they emphasize external reporting; which means they report to third parties such as; Medicare, Medicaid and other government entities and health plan payers. Managerial accounting is considered to be prospective as well as retrospective. It is of the upmost importance that the accountant must follow the guidelines principles and ethical standards of planning, controlling, organizing and directing, and decision making if they want to be successful at their job.

Answer: It seems like Bridgeton and its consultants assumed that the savings from outsourcing those two products would be 435% of the direct labor dollar cost for those products - calculated amount $53,496.

The capitated managed care agreement with the city allows the hospital to receive $250 per month per family for taking care of the 300 city employees and their families, whether they are sick or not. Utilizing the full cost method, the hospital incurs a profit loss of $51,898,395, meaning that a rate increase of $14,166.22 is required in order to cover the full cost for the year. When applying the differential cost the hospital also incurs a profit loss of $15,119, and a rate increase of $3,949.72 is required in order to cover the differential cost for the year.

Job J57 and Job K52 involve 15 acres of landscaped terrain which will require special-order sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December 2012. Raw materials were requisitioned from the company’s inventory on December 2 for $5,061; on December 8 for $1,059; and on December 14 for $3,459. In each instance, twothirds (2/3) of these materials were for J57 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.50 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,112 hours, and the anticipated overhead costs are $840,576 for the year. The machine were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 237 sprinkler heads for J57 and 142 sprinkler heads for K52. Additional job order

GigaTech will be renting an office space in Newport News, Virginia. It will cost the company $2,700 per month to rent out a 3,842 square-foot office. It will also pay $210 for utilities such as electric, water, gas, and sewer. In order to form our Limited Liability Company, we are responsible for paying a LLC formation expense of $200. We also need to obtain a software license, which costs $170. To create an Apple app, we must also create an Apple account and pay $99 each year. An estimate of $300 is needed to trademark our company as well. Our company will also be paying $800 every month for internet expenses. Attorney fees will cost $1,220 a month based on one four hour meeting a month at $305. In addition to the administration costs, our company will need to purchase all office equipment, office supplies, and bathroom supplies. We plan on spending $17,483 within the first year and purchasing these items from Staples, Walmart, or online. Our company will be providing health insurance to all the employees, which will cost approximately $228,000 per year in total. The

Operating cost for the production of these various products that include radar and missile defense systems averaged $5.5 billion over this three-year period (Northrop Grumman Corporation 2016 Annual Report, 2017, p. 29). The cost of providing the support services for these various systems added another $3.9 billion to the operating cost of the mission systems component of Northrop Grumman Corporation (Northrop Grumman Corporation 2016 Annual Report, 2017, p. 29). Technological

It highlights the importance of auditors applying sensitive and ethical judgments in all their engagements. Members have the responsibility to collaborate with each other to improve the art of accounting, as well as to maintain the public’s confidence. The auditor’s responsibilities are essential to an effective audit process because through planning, auditors should to communicate with each other, be very organized and discuss what and how to do things in order to serve the public. One of the most important parts in auditing is planning, for that reason responsibility is a must.

In Accounts department 6 persons are working with Mr. Sheetal, Neelgoudar Sr.Manager (Finance & Accounts)

A comparison of the direct and indirect cost that is associated with the navigation system within VectorCal and my company.

An important function of the accounting field is to provide external users of financial statements with assurance that the financial information being presented is both reliable and accurate. This basic function of accounting is so important that there is an entire field of experts, called auditors, dedicated to assuring its proper performance. Throughout history there have been many instances in which the basic equilibrium between an institution and current/potential investor has been threatened due to a lack of accountability and trust between the two parties. This issue has been the catalyst for many discussions regarding the proper procedures a firm should follow in order to provide

That is the place our application comes into picture. Ongoing following of all vehicles of travel office utilizing Global Positioning System as the name proposes, it utilizes GPS to track any vehicles. Our region of fixation in this task is on following travel organization vehicles. It will help both the travelers and the organization to track the vehicles, to get continuous position of the vehicles, changed courses (If any), it can likewise go about as a hostile to burglary application by distinguishing the correct position of the vehicles. The application will ask the client (Passenger) to enter the transport number in which he/she wishes to travel. At that point the client will enter the source and the goal of their excursion. Subsequent to entering all the vital data, the client will tap on the find catch. After tapping the find catch, the client will get all the point by point data about the area of the transport, the toll client needs to pay for his/her voyage.