fbpx

Corporate Finance Assignment/ Professional Essay Writers

Salem Corp. contracted for a specialized production machine from Quindo Industries, a tool company. The contract specified a price equal to? production cost plus 15% of production cost.?? A sales executive at Quindo told Salem’s management that the machine’s approximate price would be $1,725,000 based on the following estimates:

Don't use plagiarized sources. Get Your Assignment on
Corporate Finance Assignment/ Professional Essay Writers
Just from $13/Page
Order Now

Direct material cost ………………………………………………………$500,000
Direct labor cost …………………………………………………………. 400,000
Manufacturing overhead (applied based on machine time) ……………… 600,000
Markup …………………………………………………………………… 225,000
Estimated price to Salem …………………………………………… $1,725,000
Two months later, Quindo Industries delivered the completed machinery, configured and manufactured as per the contract. However, the accompanying invoice caught Salem’s executives by surprise. The invoice provided the following:
Direct material cost ……………………………………………………..$658,000
Direct labor cost ………………………………………………………… 625,000
Manufacturing overhead (applied based on machine time) …………….. 640,000
Markup ………………………………………………………………… 288,450
Estimated price to Salem …………………………………………….. $2,211,450

persuasive essay against the death penalty

Upon receiving the invoice, Salem executives requested an audit of the direct material charges because they were more than 30 percent higher than the original estimate. Quindo Industries granted the request and Salem hired your firm to conduct the audit.

a. Describe your strategy for validating the $658,000 charge for direct material and discuss specific documents you will request from Quindo Industries as part of the audit.

b. Describe your strategy for validating the $625,000 charge for direct labor and discuss specific documents you will request from Quindo Industries as part of the audit.

c. How might Quindo Industries have manipulated the predetermined overhead rate?

d. Even if all of the charges are validated, do you perceive the tool company’s behavior in this case as ethical? Explain.  Get FInance Help Today

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business
Always heed to the customer's perspective and aim at error-free content.
Customer 452441, March 28th, 2022
History
The work is really good and even better than I could have imagined.
Customer 454439, June 12th, 2020
History
The work is of really good quality and was done on time.
Customer 454439, June 1st, 2020
Healthcare & Medical
Excellent work! This submission had a mature tone and required minimal edits for clarity. We look forward to your future contributions.
Customer 452441, August 5th, 2022
Nursing
Excellent work!!!
Customer 453939, June 16th, 2020
Social Work and Human Services
Good work.
Customer 460073, June 23rd, 2022
English 101
Satisfactory. However, always go through instructions before submitting to identify omissions.
Customer 462843, April 11th, 2022
Business and administrative studies
As I expected.
Customer 460551, December 15th, 2021
Business Studies
Although my order was not delivered at my requested time due to issues with email, the material received was great.
Customer 454605, June 19th, 2020
Marketing & Advertising
Excellent work. Looking forward to working with you in the future.
Customer 463467, November 10th, 2022
Other
Excellent work.
Customer 462823, April 21st, 2022
Political science
Avoid minor revisions; be sure of instructions.
Customer 454483, April 6th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat