Question 1
I am new to this site and I did not know that someone chose to help me. I would like to get this answered. Please let me know if you have chosen to complete this assignment.,I have one last multiple choice assignment that needs to be done by wednesday. I can include in tip. Please see attached.,4. Marcye Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs are: a. $56,000 b. $28,400 c. $17,600 d. Cannot be determined from the data given 5. Given the following cost and activity observations for Taco Company?s utilities, use the high-low method to calculate Taco?s variable utilities costs per machine hour. Cost Machine Hours May $8,300 15,000 June $10,400 20,000 July $7,200 12,000 August $9,500 18,000 a. $10.00 b. $.60 c. $.40 d. $.52 7. Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin are: a. 47% and $11 per unit b. 53% and $7 per unit c. 47% and $8 per unit d. 52% and $11 per unit 8. If fixed costs are $750,000 and variable costs are 80% of sales, what is the break-even point in sales dollars? a. $937,500 b. $525,000 c. $3,750,000 d. $1,275,000 9. If fixed costs are $700,000 and the unit contribution margin is $14, what amount of units must be sold in order to realize an operating income of $100,000? a. 5,000 b. 41,667 c. 57,143 d. 58,333 10. When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing. a. Budgetary slack b. Padding c. Goal conflict d. Cushions 11. For January, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager?s salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,100 plus ? of 1% of sales. Total selling expenses for the month of January are: a. $157,100 b. $240,600 c. $183,750 d. $182,100 12. At the beginning of the period, the Cutting Department budgeted direct labor of $155,000, direct material of $165,000 and fixed factory overhead of $15,000 for 9,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? a. $416,000 b. $370,556 c. $368,889 d. $335,000 13. Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 units, and the desired December 31, 2010, inventory is 7,000 units. What is the budgeted production (in units) for 2010? a. 75,500 b. 66,000 c. 76,500 d. 65,000 14. As of January 1 of the current year, the Grackle Company had account receivables of $50,000. The sales for January, February, and March of 2009 were as follows: $120,000, $140,000 and $150,000. 20% of each month?s sales are for cash. Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of January? a. 74,000 b. 110,000 c. 71,600 d. 131,600 15. The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of 1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units. Compute the material price variance. a. 0 b. 59,400U c. 59,400F d. 6,000U 16. The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.50 Actual costs 6,000 at $12.00 What is the direct labor time variance? a. $3,000 favorable b. $15,000 unfavorable c. $2,400 favorable d. $17,250 favorable 17. The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were follows: Standard: 25,000 hours at $10 $250,000 Actual: Variable factory overhead $202,500 Fixed factory overhead $60,000 What is the amount of the factory overhead volume variance? a. 12,500 favorable b. 10,000 unfavorable c. 12,500 unfavorable d. 10,000 favorable 18. Division X reported income from operations of $975,000 and total service department charges of $575,000. Therefore: a. Net income was $400,000 b. The gross profit margin was $400,000 c. Income from operations before service department charges was 1,550,000 d. Consolidated net income was 400,000 19. Avery Corporation had $275,000 in invested sales of $330,000, income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avery Corporation is: a. 8% b. 10% c. 18% d. 7.5% 20. The Eastern Division of Kentucky Company has a rate of return on investment of 28% and a profit margin of 20%. What is the investment turnover? a. 3.6 b. 1.4 c. 5.0 d. .7
Question 2
Based upon the data in Exercise 3-7, determine the following: 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during march 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for Feb and March did the conversion cost per equivalent unit incfrease, decrease, or remain the same in march. On Exercise 3-8, what is the answer to (a)(1)? (Points: 7) $232,000 $145,000 $2.05 $1.60 5. On Exercise 3-8, what is the answer to (a)(2)? (Points: 7) $66,400 $37,060 $1.00 $.70 6. On Exercise 3-8, what is the answer to (a)(3)? (Points: 7) $18,000 $18,720 $4,800 $.70 7. On Exercise 3-8, what is the answer to (a)(4)? (Points: 7) $585,000 $322,000 $140,000 $.70 8. On Exercise 3-8, what is the answer to (a)(5)? (Points: 7) $8,000 $5,900 $10,100 $12,100 9. On Exercise 3-8, letter (b), what happened to the conversion cost per equivalent unit? (Points: 5) Increased Decreased Remained the same,You answered the wrong question I provided you the info from 3-7 so that you could answer the the question from 3-8. I put the info to 3-7 under the question I have for 3-8. ""Based upon the data in Exercise 3-7 below, determine the following: 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during march 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for Feb and March did the conversion cost per equivalent unit incfrease, decrease, or remain the same in march. On Exercise 3-8, what is the answer to (a)(1)? (Points: 7) $232,000 $145,000 $2.05 $1.60 5. On Exercise 3-8, what is the answer to (a)(2)? (Points: 7) $66,400 $37,060 $1.00 $.70 6. On Exercise 3-8, what is the answer to (a)(3)? (Points: 7) $18,000 $18,720 $4,800 $.70 7. On Exercise 3-8, what is the answer to (a)(4)? (Points: 7) $585,000 $322,000 $140,000 $.70 8. On Exercise 3-8, what is the answer to (a)(5)? (Points: 7) $8,000 $5,900 $10,100 $12,100 9. On Exercise 3-8, letter (b), what happened to the conversion cost per equivalent unit? (Points: 5) Increased Decreased Remained the same" The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.?? Account Work in process--Baking Department Account No. Date: Item: Debit Credit Mar 1 Bal., 8,000 units, 2/5 completed 15,360 Mar 31 Direct Materials, 145,000 units 232,000 Mar 31 Direct Labor 66,400 Mar 31 Factory Overhead 37,060 Mar 31 Goods Finished, 148,000 units 340,720 Mar 31 Bal., units, 3/5 completed Date: Item: Balance Debit Credit Mar 1 Bal., 8,000 units, 2/5 completed 15,360 Mar 31 Direct Materials, 145,000 units 247,360 Mar 31 Direct Labor 313,760 Mar 31 Factory Overhead 350,820 Mar 31 Goods Finished, 148,000 units 10,100 Mar 31 Bal., units, 3/5 completed 10,100 a. Determine the number of units in work in process inventory at the end of the month Solution: Computation of the No of units in work in process at the end of the month Units in process, March 1 8000 Units placed into production for March 145000 Less units finished during March -148000 Units in process, March 31 5000 Hence the No of units in work in process at the end of the month is 5000 b. Determine the equivalent units of production for direct materials and conversion costs in March. Solution: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1(2/5) 8000 0 4800 Started and completed in March 140000 140000 140000 Transferred to finished goods in March 148000 140000 144800 Inventory in process, March 31(3/5) 5000 5000 3000 Total 153000 145000 147800 1. On Exercise 3-7 (a), what are the number of units in work in process inventory at the end of the month ? 5,000 2. On Exercise 3-7 (b), what are the equivalent units of production for direct materials (there is a student template to assist you located in doc sharing)? 145,000 3. On Exercise 3-7(b), what are the equivalent units of production for conversion costs (there is a student template to assist you located in doc sharing? 147,800,I did and it came back denied.
Question 3
Entry Way Manufacturing produces two types of entry doors: Deluxe and Standard. The assignment basis for support costs has been direct labor dollars. For 2010, Entry Way compiled the following data for the two products: Deluxe Standard Sales units 50,000 400,000 Sales price per unit $650.00 $475.00 Direct material and labor costs per unit $180.00 $130.00 Manufacturing support costs per unit $ 80.00 $120.00 Last year, Entry Way Manufacturing purchased an expensive robotics system to allow for more decorative door products in the deluxe product line. The CFO suggested that an ABC analysis could be valuable to help evaluate a product mix and promotion strategy for the next sales campaign. She obtained the following ABC information for 2010: Activity Cost Driver Cost Total Deluxe Standard Setups of setups $ 500,000 500 400 100 Machine-related of machine hours $44,000,000 600,000 300,000 300,000 Packing of shipments $ 5,000,000 250,000 50,000 200,000 Required: a. Using the current system, what is the estimated: 1. total cost of manufacturing one unit for each type of door? 2. profit per unit for each type of door? b. Using the current system, estimated manufacturing overhead costs per unit are less for the deluxe door than the standard door. How much are the estimated manufacturing overhead costs for each door and what is a likely explanation for this? c. Review the machine-related costs above. What is a likely explanation for machine-related costs being so high? What might explain why total machining hours for the deluxe doors (300,000 hours) are the same as for the standard doors (300,000 hours)? d. Using the activity-based costing data presented above, 1. compute the cost-driver rate for each overhead activity. 2. compute the revised manufacturing overhead cost per unit for each type of entry door. 3. compute the revised total cost to manufacture one unit of each type of entry door. e. Is the deluxe door as profitable as the original data estimated? Why or why not? f. What considerations need to be examined when determining a sales mix strategy? g. Explain (in detail) how activity based costing systems can provide more accurate product costs than traditional cost systems. h. Explain how traditional cost systems, using a single unit-level cost rate, may distort product costs. i. Research an article associated with ABC costing. The article may be related to implementing the method, the costs associated, or analyzing the benefits. Your submission is an analysis, synthesis, and evaluation of what you have learned utilizing research and experience from textbooks and prior coursework.
Question 4
(Financial Forecasting) Sambonoza Enterprises projects its sales next year to be 4 million and expects to earn 5 % of that amount after taxes. The firm is currently in the process of projecting it financing needs and has made the following assumptions: (projections): 1. Current assets will equal 22 percent of sales, and fixed assets will remain at their current level of 1 million 2. Common Equity is currently at $0.70 million and the firm pays out half of its after tax earning in dividends 3. The firm has short-term payables and trade credit that normally equal 10 percent of sales, and it has not long term debt outstanding. What are Samboboza's financing needs for the coming year? When answering please set up in excel as a balance sheet, and show numbers and calculations for all steps in finding answers. (Percent of sales forecasting) Which of the following accounts would most likely vary directly with the level of a firm's sales? Discuss each briefly. Yes No Yes No Cash ___ ___ Notes payable ___ ____ Marketable securities ___ ___ Plant and equipment ___ ____ Accounts payable ___ ___ Inventories ___ ____ Is cash likely to vary directly with the level of a firm?s sales? ___ Yes, cash receipts vary directly with sales and have a relation to the firm?s customers payment habits or the firm?s policy regarding payments on its accounts payable. ___ No, cash receipts follow sales with a lag related to the payment habits of the firm?s customers and the firm?s policy regarding payments on its accounts payable (Cost of trade credit) calculate the effective cost of the following trade credit terms when payment is made on the net due date. Note assume a 30 day month and 360 day year. use approximate cost of credit formula a. 2/5, net 60 b. 2/10, net 45 c. 2/10, net 75 d. 4/15, net 60 Please show formula
Question 5
Managing a Crisis Crisis management and crisis communications are specialized business disciplines. In times of crisis, companies can act in a number of ways, from ignoring the situation and hoping it passes in the next news cycle to aggressively defending itself after the fact. Smart companies have plans that can be used in any crisis situation. Using the company developed in the Unit 4 Individual Project, select a crisis that negatively affects the business from a legal or image standpoint. Develop a series of scenario statements that you write ahead of time that you will present to the management and legal departments so that they may be used swiftly in a time of crisis. Presentation Script Create a script to accompany the presentation. It should include background on the crisis, how the situation will be handled, and the rationale for the scenario statements. This part of the Individual Project should be at least 2?3 pages (single-spaced). PowerPoint Presentation Create a professional PowerPoint presentation. You will be assessed on the design of the presentation, including colors, backgrounds, professionalism, font, and graphics. Optional content includes sound, videos, and animation. This part of the Individual Project should be at least 15 slides. Two files that include the following will need to be uploaded: Script: Use the attached template. The template is a .docx file and will need to be uploaded as a self-executing ZIP file. See MKTG340_U5IP Script in the ZIP File. PowerPoint presentation Please submit your assignment as a Word document in APA format using the attached TEMPLATE. Notice that the grading criteria components match up with the headings provided in the template. Do not change the font, page breaks, or margins. Using the template without deleting the headings ensures that you cover each segment of the assignment.
