Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division. To prepare: The responsibility report for the H division.

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Answer 1

Question

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

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Ridgeline Plastics manufactures high-strength plastics for aerospace components. In 2021, the company produced 6,000 tons of plastic but sold 3,800 tons. In 2022, it produced the same amount but sold 7,500 tons (selling all its inventory). The selling price per ton was $1,950, variable manufacturing costs per ton were $450, and variable selling expenses were $550 per ton. Fixed manufacturing costs were $4,200,000, and fixed administrative expenses were $700,000. Compute net income under variable costing for 2021.

Answer 2

Question

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

Expert Solution & Answer

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Answer 3

Question

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

Expert Solution & Answer

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Answer 4

Question

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

Expert Solution & Answer

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Answer 5

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

Answer 6

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

Answer 7

Chapter 25, Problem 5PSA

a.

To determine

Responsibility Report: The responsibility report represents the preparation of statements reflecting costs and revenues related to the responsibility areas. For example, responsibility report of the production department, packaging and finishing department, and many more. It basically represents the statement of controllable costs related to a particular unit or division.

To prepare: The responsibility report for the H division.

Answer 8

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

Answer 9

b.

To determine

Introduction: The responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis. It facilitates determining efficiency in cost control as well as revenue generation.

The manager’s performance and the items to be investigated by top management

Answer 10

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

Answer 11

c.

To determine

Introduction: Return on Investment is the formula used by investors to evaluate the profitability of their earnings with respect to the value of investment made by them. It is determined by dividing the controllable margin or net income by the average operating assets.

To calculate: The expected ROI for 2020.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 25 - Prob. 1Q Ch. 25 - Prob. 2Q Ch. 25 - Prob. 3Q Ch. 25 - 4. Ken Bay questions the usefulness of a master...Ch. 25 - Prob. 5Q Ch. 25 - Prob. 6Q Ch. 25 - Prob. 7Q Ch. 25 - Prob. 8Q Ch. 25 - Prob. 9Q Ch. 25 - Prob. 10Q

Solution Summary: The author explains that the responsibility report is prepared by the management at each level of the organization which is stated as a responsibility performance analysis.

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Chapter 25 Solutions