Managerial Accounting
Please click this you tube link https://www.youtube.com/watch?v=Zle8EBfaKfc OR copy this link and paste in your internet browser. The name of the video is Colts Chocolates Unwrapped 2.0. Please inform me if the link cannot be accessed. 2. Watch the video until the end and answer the questions below.
a) Provide the details of the company and the product it produced. (5 marks)
b) Based on the video, determine and explain the suitable product costing method used and why? (5 marks)
c) List the direct materials used, direct labor and manufacturing overhead. You may just assume based on the video. (5 marks)
d) Explain the manufacturing process involved in making the product. Also, based on the video, identify the period cost that would have been incurred for this manufacturing. (5 marks)
e) Explain the flow of cost of this manufacturing process. (10 marks)
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Discussion Question:
You are required to do the following:watch the video below carefully,respond to the discussion question,Video on Activity Based Costing:https://www.youtube.com/watch?v=Cp2ugvDkMP4&t=129sDiscussion Question:“There are two main problems which tend to occur when traditional (simple) costing methods are used to provide information for management decision purposes. These two problems include: (i) product cost distortions, or cross-subsidies; and (ii) the exclusiveness of traditional product costing (i.e. the treatment of non-manufacturing costs differ between traditional cost systems and ABC systems).”Discuss the above statement and explain how...
Unwrapped or How It's Made
Watch https://www.youtube.com/watch?v=Yi8zTeav1SU and answer following questions.Describe the product that is being produced and the company that makes it. Summarize the production process that is used in making this product.What raw materials are used to make this product?What indirect materials are used to make this product?Describe the jobs of the workers who would be considered "direct labor" in the making of this product.Describe the jobs of the workers who would be considered "indirect labor" in the making of this product.Define manufacturing overhead. In addition...
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Please help
S Weygandt, Managerial Accounting, 8e CALCULATOR Exercise 5-16 a,c (Video) Sheridan Company estimates that variable costs will be 65.00% of sales, and fixed costs will total $434,000. The selling price of the product is $4. Compute the break-even point in (1) units and (2) dollars. (1) Break-even sales units (2) Break-even sales LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Assuming actual sales are $2,000,000, compute the margin of safety in (1) dollars and (2) as a...
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Please help
S Weygandt, Managerial Accounting, 8e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK Exercise 4-11 Health R Us, Inc., uses a traditional product costing system to assign overhead costs uniformly to all its packaged multigrain products. To meet Food and Drug Administration requirements and to assure its customers of safe, sanitary, and nutritious food, Health R Us engages in a high level of quality control. Health R Us assigns its quality control over costs to all products at...
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