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FINA55142 Applied Financial Analysis

Question

Answered

Task:

Among  other  things,  the  CFO  wanted  to  compare  the  overhead  estimates  per  product  based  on  the  traditional  costing and ABC  methods.  In addition, the CFO  wanted to understand, computer or calculate the following: 
 
1. Using the traditional costing method, compute the overhead costs per product. 
2. Using the traditional costing method, compute the total costs per product. 
 
3. Under ABC: 
Authorized for use only in the course Applied Financial Analysis at Sheridan College taught by Umar Minhas  from Sep 14, 2020 to Dec 18, 2020.
 
a. Calculate the activity-based overhead rates per activity cost driver. 
b. For each product, compute the overhead costs per activity cost driver. 
c. Using the overhead costs from b., calculate the total costs per product. 
 
4. Assuming ABC allocated overhead more accurately, which products were incorrectly priced using the traditional costing method?  What difficulties might result from incorrectly budgeted products?  Hint: Think about how capital resources should be allocated to the most efficient opportunities. 
5. What actions might be explored to deal with the mispriced products? 
6. Compare assigned costs per product under both methods.  Why had activity-based costing changed the total costs assigned to each product? 
7. What were two circumstances where  traditional  and ABC costing  would likely yield similar  or equal overhead costs?

FINA55142 Applied Financial Analysis

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FIN700 Financial Management

Questions: QUESTION 1 (6 marks) In February 2020 Ink Joy Ltd reported net profits after tax of $500,000 for the year 2019 and  announced that it will pay the annual dividend on 20 May 2020. Ink Joy expects the net profits after tax for 2020 to be 20% higher and it will maintain its current di ...

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Financial Ratio Analysis

Running Head: FINANCIAL DECISION FINANCIAL DECISION Name of the Student: Name of the University: Author Note: 1 FINANCIAL DECISION Table of Contents Introduction ................................................................................................................................ 2 ...

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Tesco's Gearing Position

Tesco (£m) Gearing Ratios Financial Extracts 2020 2019 Financial Ratios 2020 2019 Total Debts 39,049 43,286 TESCO Total Equity 13,253 13,432 Debt Ratio 74.65 76.08 Total Assets 52,308 56,898 Debt -To -Equity Ratio 2.95 3.22 Operating Profit 2,518 2,649 Interest Coverage Ratio 2.02 ...

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Financial Performance Analysis

Running head: BUSINESS MANAGEMENT BUSINESS MANAGEMENT Name of the Student: Name of the University: Author Note: 1 BUSINESS MANAGEMENT Executive Summary This report is based on analysing the financial performance of the company. This report cons ...

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