[AC 212] - Final Exam Guide - Ultimate 22 pages long Study Guide!

just a quick study guide for final exam

How do you alculate break-even point from dollars?
How do you calculate operation Leverage?
If given Fixed and variable overheads determine what amount wouldbe escorted on the variable cost sheet?
How do they relate: net present value and present value future cashflows?
How do you determine the equivalent units of production
How do you determine the rate of return on investment
How do you determine the budget cost of goods manufacturered
What's a budget? What's it's purpose?
If given the numbers for production beg inventory desired inventoryand sales volume determine how many you need to manufacture forthat month to meet the desired inventory?
High low method example:
Budgeted sale and conversion cost rate: what's included inthem?
Break even sales example with variable cost decreased by...
what kind of principal is inventory reduction?
Figure out overhead cost per unit when given labor hours machinehours and number of units with the cost of everything
Single plant wide multiple department and activity based costingpurpose?
Absorption cost balances sheet (has fixed amounts)
How do you determine activity rate for 6 differentdepartments
What's in conversion cost

home / study / business / accounting / accounting questions andanswers / scenario glorious florists is a floral supply companywith offices and boutiques in ontario ... Question: SCENARIOGlorious Florists is a floral supply company with offices andboutiques in Ontario and ... SCENARIO Glorious Florists is a floralsupply company with offices and boutiques in Ontario and Québec.The organization started operations in 1978 and currently has anapproximate annual payroll of $12,000,000 in each jurisdiction. Theorganization is considering terminating the employment of fiveemployees in each jurisdiction. To assist with forecasting thebudget for the balance of the year, Nancy Wilson, the Director ofFinance has asked you, as the Payroll Supervisor, to provide herwith the details on all legislated payments on termination ofemployment required for each jurisdiction. In addition to therequired payments on termination, include any employer costsrelated to the employees’ statutory deductions. Prepare yourresponse (350 – 500 words) using your name, correct spelling,grammar and punctuation. You will be penalized if you areexcessively over or under the suggested word count. Your responsemust be stated in your own words and should be based on the coursematerial, your experiences, knowledge gained through the course andat least one external government resource. Any responses takendirectly from the external government resource or course materialwill not be accepted. Information referenced from the governmentresource(s) and the course material must be cited. For example: ifyou are referencing the Canada Revenue Agency’s Employers' Guide -Payroll Deductions and Remittances – T4001, state the URL where theinformation can be found,https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001.htmland the page number, if applicable if you are referencing thecourse material, state the course name, chapter and page numberwhere the information can be found (for example, PF1, 1-1) Thiswritten assignment is worth 7.5% of your final mark.

House Corporation Board (HCB) of Tri-Gamma Sorority isresponsible for the operation of a two-story sorority house on theState University campus. HCB has set a normal capacity of 60 women.At any given point in time, there are 100 members of the chapter:60 living in the house and 40 living elsewhere (e.g., in thefreshman dorms on campus). HCB needs to set rates for the use ofthe house for the coming year. The following costs are budgeted:$240,000 fixed and $34,800 variable. The fixed costs are fairlyinsensitive to the number of women living in the house. Food isbudgeted at $40,000 and is included in the fixed costs; food doesnot seem to vary greatly given the stated capacity. The variableexpenses consist of telephone bills and some of the utilities. HCBis not responsible for chapter dues, party fees, pledging andinitiation fees, and other social expenditures. Women living in thehouse eat 20 meals per week there and live in a two-person room.(All in-house members’ rooms, bathroom facilities, etc., are on thesecond floor.) All members eat Monday dinner at the house and havefull use of house facilities (e.g., the two TV lounges, kitchens,access to milk and cereal at any time, study facilities, and soon).

HCB has traditionally set two rates: one for in-house membersand one for out-of-house members. There are 32 weeks in a schoolyear.

Required:

Set charging rates for the in-house and out-of-house members.For interim computations, carry amounts out to the nearest cent.Round your final answers to the nearest dollar.