QuickHelper

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About QuickHelper

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Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 353 Weeks Ago, 1 Day Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 30 May 2017 My Price 15.00

As EEC's corporate business financial analyst

Question description

 

1500-1700 words 

Part 1

As EEC's corporate business financial analyst, you will need to have a clear understanding of the different types of costs (variable, fixed, and mixed) that the company carries. Complete the following for this assignment:

  • Review EEC's journal activity. 
  • Define and identify its variable, fixed, and mixed costs. 
  • Determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.

Click here to view EEC's journal activity. (BELOW)

Part 2

As an EEC corporate business financial analyst, you must have an expert understanding of the various costing methods. Select 1 of the following costing concepts:

  • Full costing or absorption costing 
  • Variable costing 
  • Target costing 
  • Life cycle costing 
  • Activity-based costing 

Respond to the following questions on the costing concept that you selected:

  • Provide the definition of the concept. 
  • Discuss how and when the concept could be used by EEC. 
  • Discuss the advantages and disadvantages of the concept as it relates to EEC.

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

 

EEC Journal/ Actual and plan results 

Eddison Electronic Company
Journal Entries 2005
    "000" Omitted
  Activity      
1 Sales not on account $29,440    
2 Sales on account 28,060    
3 Selling Expense 3,220    
4 Administrative Expense 6,210    
5 Supplies Factory 3,450    
6 Insurance Factory 920    
7 Indirect Labor 6,900    
8 Factory Salaries 288    
9 Factory Property Tax 173    
10 Maintenance Expense Factory 2,001    
11 Depreciation Expense Factory 3,726    
12 Utilities Factory 828    
13 Purchases of Raw Materials 17,250    
14 Direct Labor Factory 3,450    
15 Raw Material Inventory, January 1 2,070    
16
Raw Material Inventory, December 31
 1,380    
17
Work in Process Inventory, January 1
 4,140    
18
Work in Process Inventory, December 31
 2,300    
19
Finished Goods Inventory, January 1
 5,980    
20
Finished Goods Inventory, December 31
 4,830    
21 Bad Debt Expense 276    
22 Accounts Receivable, net 9,430    
23 Prepaid Expenses 840    
24 Land 2,760    
25 Plant and Equipment 37,950    
26 Cash 1/1/05 4,646    
27 Accounts Payable 14,410    
28 Interest Expense 28    
29 Notes Payable, 10% 2,070    
30 Bonds Payable 8% 8,510    
31 Stockholders' Equity 31,510    
32 Retained Earnings
Eddison Electronics Company  
1.5GB Chip Project - USA  
  Plan Actual
2005		 Difference  
Investment in Equipment $5,000,000 $5,000,000 $0  
         
Income        
Sales $5,250,000 $6,000,000 $750,000  
Variable Expenses 2,500,000 2,800,000

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Answers

QuickHelper
(10)
Status NEW Posted 30 May 2017 06:05 PM My Price 15.00

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