Question
In: Accounting
United Project Consultants (UPC) provides project consultancy services to new business projects. For 2017, it has...
United Project Consultants (UPC) provides project consultancy services to new business projects. For 2017, it has a total budgeted revenue of $480,000, based on an average price of $240 per business project prepared. UPC would like to achieve at least 50% as a margin of safety. The company’s current fixed costs are $241,956, and variable costs average $42 per project. (Consider each of the following separately.)
1. Calculate UPC’s breakeven point and margin of safety in units.
2. Which of the following changes would help UPC achieve its desired margin of safety?
a. Average revenue per business project increases to $276.
b. Planned number of business projects prepared increases by 25%.
c. United Project Consultants purchases new tax-software that results in a 7.5% increase in fixed costs, but makes project calculations easier. The software reduces variable costs by an average of $2 per project.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Question 3: Sun Consultancy provides special consultancy services to its clients. It started its operation on...
Question 3:
Sun Consultancy provides special consultancy services to its
clients. It started its operation on January 1, 2018. An
un-adjusted trial balance as on May 31, 2018 for this firm is given
below.
Sun Consultancy
Trial Balance
As on May 31, 2018
Serial # List of Accounts Debit (Rs) Credit (Rs)
1 Cash 97,300
2 Accounts receivable 10,400
3 Office supplies 15,000
4 Prepaid insurance 12,000
5 Furniture 40,000
6 Car 50,000
7 Accumulated depreciation-car 7,600
8 Unearned revenue...
1. Cadmium, Inc., provides consultancy services and has the following information on September 30: Cash register...
1. Cadmium, Inc., provides consultancy services and has the
following information on September 30:
Cash register tape
$648
Cash count
795
Change Fund
150
Compute the cash shortage or cash overage to be recorded by Cadmium
on September 30.
a.$10 shortage
b.$3 overage
c.$3 shortage
d.$10 overage
2. Which of the following is added to the bank statement balance
to arrive at the adjusted bank statement balance while preparing a
bank reconciliation statement?
a.A collection fee charged
b.A deposit in...
Part A MelSwin is an accounting consultancy firm that provides its services to small, medium and...
Part A
MelSwin is an accounting consultancy firm that provides its
services to small, medium and large sized clients. The client size
is determined by the number of employees as follows:
Small sized clients
Medium sized clients
Large sized clients
Number of employees
<50
50 to 100
>100
MelSwin uses a traditional overhead cost driver of “data
analysis hours” to estimate the cost of providing its services.
Although MelSwin does not operate in a competitive environment, the
Finance Manager, Grainne,...
Part A MelSwin is an accounting consultancy firm that provides its services to small, medium and...
Part A
MelSwin is an accounting consultancy firm that provides its
services to small, medium and large sized clients. The client size
is determined by the number of employees as follows:
Small sized clients
Medium sized clients
Large sized clients
Number of employees
<50
50 to 100
>100
MelSwin uses a traditional overhead cost driver of “data
analysis hours” to estimate the cost of providing its services.
Although MelSwin does not operate in a competitive environment, the
Finance Manager, Grainne,...
Part A MelSwin is an accounting consultancy firm that provides its services to small, medium and...
Part A
MelSwin is an accounting consultancy firm that provides its
services to small, medium and large sized clients. The client size
is determined by the number of employees as follows:
Small sized clients
Medium sized clients
Large sized clients
Number of employees
<50
50 to 100
>100
MelSwin uses a traditional overhead cost driver of “data
analysis hours” to estimate the cost of providing its services.
Although MelSwin does not operate in a competitive environment, the
Finance Manager, Grainne,...
Part A MelSwin is an accounting consultancy firm that provides its services to small, medium and...
Part A
MelSwin is an accounting consultancy firm that provides its
services to small, medium and large sized clients. The client size
is determined by the number of employees as follows:
Small sized clients
Medium sized clients
Large sized clients
Number of employees
<50
50 to 100
>100
MelSwin uses a traditional overhead cost driver of “data
analysis hours” to estimate the cost of providing its services.
Although MelSwin does not operate in a competitive environment, the
Finance Manager, Grainne,...
KKL consultancy Muscat provides tax and financial advisory services to their customers. Mazin is one of...
KKL consultancy Muscat provides tax and financial
advisory services to their customers. Mazin
is one of their new client, who worked as an engineer. Mazin wanted
to start a project and contacted
KKL consultancy Muscat for advice regarding profitable investment
opportunities. KKL have
recommended him to invest in finance companies, stock market and
insurance. KKL assured him
that they will look after his matters relating to tax, and would
also invest in the name of the Mazin.
Providing all the...
KKL consultancy Muscat provides tax and financial advisory services to their customers. Mazin is one of...
KKL consultancy Muscat provides tax and financial advisory
services to their customers. Mazin is one of their new client, who
worked as an engineer. Mazin wanted to start a project and
contacted KKL consultancy Muscat for advice regarding profitable
investment opportunities. KKL have recommended him to invest in
finance companies, stock market and insurance. KKL assured him that
they will look after his matters relating to tax, and would also
invest in the name of the Mazin. Providing all the...
ACC20007 Assignment Case Part A MelSwin is an accounting consultancy firm that provides its services to...
ACC20007 Assignment
Case
Part A
MelSwin is an accounting consultancy firm that provides its
services to small, medium and large sized clients. The client size
is determined by the number of employees as follows:
Small sized clients
Medium sized clients
Large sized clients
Number of employees
<50
50 to 100
>100
MelSwin uses a traditional overhead cost driver of “data
analysis hours” to estimate the cost of providing its services.
Although MelSwin does not operate in a competitive environment, the...
Honey is a large marketing consultancy that provides a range of services including developing marketing campaigns,...
Honey is a large marketing consultancy that provides a
range of services including
developing marketing campaigns, designing web pages, managing media
relations
and so on. There are approximately 300 professional staff working
in departments
such as advertising and media relations and 600 support staff in
areas such as
administration and information technology (IT). Honey operates from
a large office
block in the centre of a major city.
In common with similar agencies, Honey is successful because it can
offer clients...
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