Example 17A: Variance Analysis
Our variance analysis example and practice exercise use the flexible budget approach. A flexible budget is one that is created using budgeted revenue and/or budgeted cost amounts. A flexible budget is adjusted, or flexed, to the actual level of output achieved (or perhaps expected to be achieved) during the budget period. A flexible budget thus looks toward a range of activity or volume (versus only one level in the static budget).
Examples of how the variance analysis works are contained in
Figure 17–1
(the elements), in
Figure 17-2
(the composition), and in
Figures 17–3
and
17–4
(the calculations). Study these examples before undertaking the Practice Exercise.
We have restated
Exhibit 17–2
in a worksheet format for purposes of this example. The new format appears as follows. (The numbers have not changed.)
Actual Cost
$920,000
Less: Flexible Budget
990,000
Price Variance (favorable)
$ 70,000
Budgeted Cost
$937,500
Less: Flexible Budget
990,000
Quantity Variance (unfavorable)
− $52,500
Net Variance (favorable)
$ 17,500
Assumptions (
refer to Exhibit
17
-2
)
Overhead Cost
divided by
# Therapy Minutes (Activity Level)
equals
Cost per Therapy Minute
Actual
(1) $920,000
(3) 330,000
(5) $2.79
Budgeted
(2) $937,500
(4) 312,500
(6) $3.00
Practice Exercise 17–1
Exhibit 17–2
presents the Variance Analysis for hospital rehab services for the third quarter. For our practice exercise we will duplicate this report for the fourth quarter. We are able to reformat the information in
Exhibit 17–2
into a worksheet as follows. The fourth quarter assumptions appear below the worksheet.
Actual Cost
Less: Flexible Budget
Price Variance (favorable)
Budgeted Cost
Less: Flexible Budget
Quantity Variance (unfavorable)
Net Variance (unfavorable)
Assumptions
Overhead Cost
divided by
# Therapy Minutes (Activity Level)
equals
Cost per Therapy Minute
Actual
(1) $950,000
(3) 350,000
(5) $2.71
Budgeted
(2) $930,000
(4) 310,000
(6) $3.00
Required
1.
Set up a worksheet for the fourth quarter like that shown in
Exhibit 17–2
for the third quarter.
2.
Insert the Fourth Quarter Input Data (per assumptions given above) on the worksheet.
3.
Complete the “Actual Cost,” “Flexible Budget,” and “Budgeted Cost” sections at the top of the worksheet.
4.
Compute the Price Variance and the Quantity Variance in the middle of the worksheet.
5.
Indicate whether the Price and the Quantity Variances are favorable or unfavorable for the fourth quarter.
Optional
Can you compute how the $950,000 actual overhead costs and the $930,000 budgeted overhead costs were calculated?
Assignment Exercise 17–1: Variance Analysis
Greenview Hospital operated at 120% of normal capacity in two of its departments during the year. It operated 120% times 20,000 normal capacity direct labor nursing hours in routine services and it operated 120% times 20,000 normal capacity equipment hours in the laboratory. The lab allocates overhead by measuring ...
Assignment Exercise 17–1: Variance Analysis
Greenview Hospital operated at 120% of normal capacity in two of its departments during the year. It operated 120% times 20,000 normal capacity direct labor nursing hours in routine services and it operated 120% times 20,000 normal capacity equipment hours in the laboratory. The lab allocates overhead by measuring minutes and hours the equipment is used; thus equipment hours.
Assumptions:
For Routine Services Nursing:
• 20,000 hours × 120% = 24,000 direct labor nursing hours.
• Budgeted Overhead at 24,000 hours = $42,000 fixed plus $6,000 variable = $48,000 total.
• Actual Overhead at 24,000 hours = $42,000 fixed plus $7,000 variable = $49,000 total.
• Applied Overhead for 24,000 hours at $2.35 = $56,400.
For Laboratory:
• 20,000 hours × 120% = 24,000 equipment hours.
• Budgeted Overhead at 24,000 hours = $59,600 fixed plus $11,400 variable = $71,000 total.
• Actual Overhead at 24,000 hours = $59,600 fixed plus $11,600 variable = $71,200 total.
• Applied Overhead for 24,000 hours at $3.455 = $82,920.
Required:
1. Set up a worksheet for applied overhead costs and volume variance with a column for Routine Services Nursing and a second column for Laboratory.
2. Set up a worksheet for actual overhead costs and budget variance with a column for Routine Services Nursing and a second column for Laboratory.
3. Set up a worksheet for volume variance and budget variance totaling net variance with a column for Routine Services Nursing and a second column for Laboratory.
4. Insert input data from the Assumptions.
5. Complete computations for all three worksheets
Assignment Exercise 17–2: Three-Level Revenue Forecast
Three eye-ear-nose-and-throat physicians decide to hire an experienced audiologist in order to add a new service line to their practice.* They ask the practice manager to prepare a three-level volume forecast as a first step in their decision-making.
Assumptions: for the base level (most likely) revenue forecast, assume $200 per procedure times 4 procedures per day times 5 days equals 20 procedures per week times 50 weeks per year equals 1,000 potential procedures per year.
For the best case revenue forecast, assume an increase in volume of one procedure per day average, for an annual increase of 250 procedures (5 days per week times 50 weeks equals 250). (The best case is if the practice gains a particular managed care contract.)
For the worst case revenue forecast, assume a decrease in volume of 2 procedures per day average, for an annual decrease of 500 procedures. (The worst case is if the practice loses a major payer.)
*Audiologists were designated as “eligible for physician and other prescriber incentives” as discussed elsewhere. Thus the new service line was a logical move.
Required: Using the above assumptions, prepare a three-level forecast similar to the example in Figure 17–5 and document your calculations.
Assignment Exercise 17–3: Target Operating Income
Acme Medical Supply Company d ...
CHAPTER 4 Estimating CostsIntroduction to managerial account.docxrobertad6
CHAPTER 4
Estimating Costs
Introduction to managerial accounting
Cost classifications
Fixed versus variable
Direct versus indirect (overhead)
Cost behavior
Cost allocation
Activity-based costing
Copyright 2009 Health Administration Press
4 - ‹#›
Managerial Accounting
There are two main areas of accounting:
Financial
Managerial
Financial accounting involves creating financial statements to report the financial status of the overall business. These statements are used primarily by outsiders.
Managerial accounting involves creating information for internal use in managerial decision making. This chapter focuses on managerial accounting.
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Classifications
Cost measurement is a critical part of managerial accounting.
Unfortunately, there is no single definition of the term cost. Different costs are used for different purposes.
Costs are classified in two major ways:
By their relationship to volume
By their relationship to the sub-unit being analyzed
Copyright 2009 Health Administration Press
4 - ‹#›
Is there a difference between a cost and an expense?
Discussion Item
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Behavior
The relationship between costs and the volume of services provided is called cost behavior or underlying cost structure.
If the underlying cost structure is known, managers can forecast costs at different levels of patient volume.
In this context, costs may be
fixed (independent of volume), or
variable (dependent on volume).
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Behavior (cont.)
In the long-run, all costs are variable; hence, the fixed versus variable classification can hold only in the short-run—say, for one year.
Also, no costs are fixed throughout an infinite range of volumes. Thus, the concept of cost classifications according to volume must be applied within some relevant range of patient volume.
Copyright 2009 Health Administration Press
4 - ‹#›
What are some examples of fixed and variable costs for a hospital’s clinical laboratory?
Discussion Item
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Behavior Example: Walk-In Clinic
Variable Costs Per Visit Fixed Costs Per Year
Clinical supplies $20 Facilities $30,000
Other supplies 5 Salaries 190,000
Variable cost rate $25 Overhead 80,000
$300,000
Total Fixed Variable Total Average
Volume Costs Costs Costs Cost
1 $300,000 $ 25 $300,025 $300,025
100 300,000 2,500 302,500 3,025
200 300,000 5,000 305,000 1,525
1,000 300,000 25,000 325,000 325
5,000 300,000 125,000 425,000 85
10,000 300,000 250,000 550,000 55
25,000 300,000 625,000 925,000 37
Note: The rele.
eBookScattergraph, High-Low Method, and Predicting Cost for a DiEvonCanales257
eBook
Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula
Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows:
Month
Receiving Orders
Receiving Cost
1
1,000
$18,000
2
700
15,000
3
1,500
28,000
4
1,200
17,000
5
1,300
25,000
6
1,100
21,000
7
1,600
29,000
8
1,400
24,000
9
1,700
27,000
10
900
16,000
Required:
1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear?
2. Using the high-low method, select a cost formula for the receiving activity.
Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed?
$fill in the blank 3
3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated?
$fill in the blank 4
Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated?
$fill in the blank 5
eBook
Method of Least Squares, Predicting Cost for Different Time Periods from the One Used to Develop a Cost Formula
Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows:
Month
Receiving Orders
Receiving Cost
1
1,000
$18,000
2
700
15,000
3
1,500
28,000
4
1,200
17,000
5
1,300
25,000
6
1,100
21,000
7
1,600
29,000
8
1,400
24,000
9
1,700
27,000
10
900
16,000
Assume that Tracy has used the method of least squares on the receiving data and has gotten the following results:
Intercept
3,212
Slope
15.15
Required:
1. Using the results from the method of least squares, what is the cost formula for the receiving activity?
2. Using the cost formula, what is the predicted cost of receiving for a month ...
ACCT 2220 Group Discussion 2 Part IABC Company uses two depa.docxannetnash8266
ACCT 2220 Group Discussion 2
Part I
ABC Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company’s manufacturing facility incurs two significant overhead costs: employee fringe benefits and utility costs. The annual costs of fringe benefits are $320,000 and utility costs are $248,000. The typical consumption patterns for the two departments are as follows.
Department I
Department II
Total
Machine hours used
14,300
5,700
20,000
Direct labor hours used
6,700
9,300
16,000
The supervisor of each department receives a bonus based on how well the department controls costs. The company’s current policy requires using a single allocation base (machine hours or labor hours) to allocate the total overhead cost of $568,000.
Required:
a.
Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department’s share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected.
b.
Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department’s share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected.
c.
Assume that you are the plant manager and have the authority to change the company’s overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I and Department II. Compute the overhead allocations for each department using your policy.
Part II
Gizmo Gadgets produces gadgets in three market categories, widget, wydot, and wingit. Gizmo Gadgets has traditionally allocated overhead costs to the three products using the companywide allocation base of direct labor hours. The company recently implemented an ABC system when it installed computer-controlled assembly stations that rendered the traditional costing system ineffective. In implementing the ABC system, the company identified the following activity cost pools and cost drivers.
Category
Total Pooled Cost
Types of Costs
Cost Driver
Unit
$
718,900
Indirect labor wages, supplies, depreciation,
machine maintenance
Machine hours
Batch
694,100
Materials handling, inventory storage, labor for setups, packaging, labeling and shipping, scheduling
Number of production orders
Product
210,400
Research and development
Time spent by research department
Facility
416,000
Rent, utilities, maintenance, admin. salaries, security
Square footage
Additional data for eac.
Assignment Exercise 17–1: Variance Analysis
Greenview Hospital operated at 120% of normal capacity in two of its departments during the year. It operated 120% times 20,000 normal capacity direct labor nursing hours in routine services and it operated 120% times 20,000 normal capacity equipment hours in the laboratory. The lab allocates overhead by measuring minutes and hours the equipment is used; thus equipment hours.
Assumptions:
For Routine Services Nursing:
• 20,000 hours × 120% = 24,000 direct labor nursing hours.
• Budgeted Overhead at 24,000 hours = $42,000 fixed plus $6,000 variable = $48,000 total.
• Actual Overhead at 24,000 hours = $42,000 fixed plus $7,000 variable = $49,000 total.
• Applied Overhead for 24,000 hours at $2.35 = $56,400.
For Laboratory:
• 20,000 hours × 120% = 24,000 equipment hours.
• Budgeted Overhead at 24,000 hours = $59,600 fixed plus $11,400 variable = $71,000 total.
• Actual Overhead at 24,000 hours = $59,600 fixed plus $11,600 variable = $71,200 total.
• Applied Overhead for 24,000 hours at $3.455 = $82,920.
Required:
1. Set up a worksheet for applied overhead costs and volume variance with a column for Routine Services Nursing and a second column for Laboratory.
2. Set up a worksheet for actual overhead costs and budget variance with a column for Routine Services Nursing and a second column for Laboratory.
3. Set up a worksheet for volume variance and budget variance totaling net variance with a column for Routine Services Nursing and a second column for Laboratory.
4. Insert input data from the Assumptions.
5. Complete computations for all three worksheets
Assignment Exercise 17–2: Three-Level Revenue Forecast
Three eye-ear-nose-and-throat physicians decide to hire an experienced audiologist in order to add a new service line to their practice.* They ask the practice manager to prepare a three-level volume forecast as a first step in their decision-making.
Assumptions: for the base level (most likely) revenue forecast, assume $200 per procedure times 4 procedures per day times 5 days equals 20 procedures per week times 50 weeks per year equals 1,000 potential procedures per year.
For the best case revenue forecast, assume an increase in volume of one procedure per day average, for an annual increase of 250 procedures (5 days per week times 50 weeks equals 250). (The best case is if the practice gains a particular managed care contract.)
For the worst case revenue forecast, assume a decrease in volume of 2 procedures per day average, for an annual decrease of 500 procedures. (The worst case is if the practice loses a major payer.)
*Audiologists were designated as “eligible for physician and other prescriber incentives” as discussed elsewhere. Thus the new service line was a logical move.
Required: Using the above assumptions, prepare a three-level forecast similar to the example in Figure 17–5 and document your calculations.
Assignment Exercise 17–3: Target Operating Income
Acme Medical Supply Company d ...
CHAPTER 4 Estimating CostsIntroduction to managerial account.docxrobertad6
CHAPTER 4
Estimating Costs
Introduction to managerial accounting
Cost classifications
Fixed versus variable
Direct versus indirect (overhead)
Cost behavior
Cost allocation
Activity-based costing
Copyright 2009 Health Administration Press
4 - ‹#›
Managerial Accounting
There are two main areas of accounting:
Financial
Managerial
Financial accounting involves creating financial statements to report the financial status of the overall business. These statements are used primarily by outsiders.
Managerial accounting involves creating information for internal use in managerial decision making. This chapter focuses on managerial accounting.
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Classifications
Cost measurement is a critical part of managerial accounting.
Unfortunately, there is no single definition of the term cost. Different costs are used for different purposes.
Costs are classified in two major ways:
By their relationship to volume
By their relationship to the sub-unit being analyzed
Copyright 2009 Health Administration Press
4 - ‹#›
Is there a difference between a cost and an expense?
Discussion Item
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Behavior
The relationship between costs and the volume of services provided is called cost behavior or underlying cost structure.
If the underlying cost structure is known, managers can forecast costs at different levels of patient volume.
In this context, costs may be
fixed (independent of volume), or
variable (dependent on volume).
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Behavior (cont.)
In the long-run, all costs are variable; hence, the fixed versus variable classification can hold only in the short-run—say, for one year.
Also, no costs are fixed throughout an infinite range of volumes. Thus, the concept of cost classifications according to volume must be applied within some relevant range of patient volume.
Copyright 2009 Health Administration Press
4 - ‹#›
What are some examples of fixed and variable costs for a hospital’s clinical laboratory?
Discussion Item
Copyright 2009 Health Administration Press
4 - ‹#›
Cost Behavior Example: Walk-In Clinic
Variable Costs Per Visit Fixed Costs Per Year
Clinical supplies $20 Facilities $30,000
Other supplies 5 Salaries 190,000
Variable cost rate $25 Overhead 80,000
$300,000
Total Fixed Variable Total Average
Volume Costs Costs Costs Cost
1 $300,000 $ 25 $300,025 $300,025
100 300,000 2,500 302,500 3,025
200 300,000 5,000 305,000 1,525
1,000 300,000 25,000 325,000 325
5,000 300,000 125,000 425,000 85
10,000 300,000 250,000 550,000 55
25,000 300,000 625,000 925,000 37
Note: The rele.
eBookScattergraph, High-Low Method, and Predicting Cost for a DiEvonCanales257
eBook
Scattergraph, High-Low Method, and Predicting Cost for a Different Time Period from the One Used to Develop a Cost Formula
Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows:
Month
Receiving Orders
Receiving Cost
1
1,000
$18,000
2
700
15,000
3
1,500
28,000
4
1,200
17,000
5
1,300
25,000
6
1,100
21,000
7
1,600
29,000
8
1,400
24,000
9
1,700
27,000
10
900
16,000
Required:
1. On your own paper, prepare a scattergraph based on the 10 months of data. Based on this, does the relationship appear to be linear?
2. Using the high-low method, select a cost formula for the receiving activity.
Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed?
$fill in the blank 3
3. Prepare a cost formula for the receiving activity for a quarter. Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated?
$fill in the blank 4
Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated?
$fill in the blank 5
eBook
Method of Least Squares, Predicting Cost for Different Time Periods from the One Used to Develop a Cost Formula
Farnsworth Company has gathered data on its overhead activities and associated costs for the past 10 months. Tracy Heppler, a member of the controller's department, has convinced management that overhead costs can be better estimated and controlled if the fixed and variable components of each overhead activity are known. One such activity is receiving raw materials (unloading incoming goods, counting goods, and inspecting goods), which she believes is driven by the number of receiving orders. Ten months of data have been gathered for the receiving activity and are as follows:
Month
Receiving Orders
Receiving Cost
1
1,000
$18,000
2
700
15,000
3
1,500
28,000
4
1,200
17,000
5
1,300
25,000
6
1,100
21,000
7
1,600
29,000
8
1,400
24,000
9
1,700
27,000
10
900
16,000
Assume that Tracy has used the method of least squares on the receiving data and has gotten the following results:
Intercept
3,212
Slope
15.15
Required:
1. Using the results from the method of least squares, what is the cost formula for the receiving activity?
2. Using the cost formula, what is the predicted cost of receiving for a month ...
ACCT 2220 Group Discussion 2 Part IABC Company uses two depa.docxannetnash8266
ACCT 2220 Group Discussion 2
Part I
ABC Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company’s manufacturing facility incurs two significant overhead costs: employee fringe benefits and utility costs. The annual costs of fringe benefits are $320,000 and utility costs are $248,000. The typical consumption patterns for the two departments are as follows.
Department I
Department II
Total
Machine hours used
14,300
5,700
20,000
Direct labor hours used
6,700
9,300
16,000
The supervisor of each department receives a bonus based on how well the department controls costs. The company’s current policy requires using a single allocation base (machine hours or labor hours) to allocate the total overhead cost of $568,000.
Required:
a.
Assume that you are the supervisor of Department I. Choose the allocation base that would minimize your department’s share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected.
b.
Assume that you are the supervisor of Department II. Choose the allocation base that would minimize your department’s share of the total overhead cost. Calculate the amount of overhead that would be allocated to both departments using the base that you selected.
c.
Assume that you are the plant manager and have the authority to change the company’s overhead allocation policy. Formulate an overhead allocation policy that would be fair to the supervisors of both Department I and Department II. Compute the overhead allocations for each department using your policy.
Part II
Gizmo Gadgets produces gadgets in three market categories, widget, wydot, and wingit. Gizmo Gadgets has traditionally allocated overhead costs to the three products using the companywide allocation base of direct labor hours. The company recently implemented an ABC system when it installed computer-controlled assembly stations that rendered the traditional costing system ineffective. In implementing the ABC system, the company identified the following activity cost pools and cost drivers.
Category
Total Pooled Cost
Types of Costs
Cost Driver
Unit
$
718,900
Indirect labor wages, supplies, depreciation,
machine maintenance
Machine hours
Batch
694,100
Materials handling, inventory storage, labor for setups, packaging, labeling and shipping, scheduling
Number of production orders
Product
210,400
Research and development
Time spent by research department
Facility
416,000
Rent, utilities, maintenance, admin. salaries, security
Square footage
Additional data for eac.
HCM565Module 4 CTChapter 11 Problem 1Winston Clinic is eva.docxshericehewat
HCM565
Module 4 CT
Chapter 11 Problem 1
Winston Clinic is evaluating a project that costs $52,125 and has expected net cash flows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12 percent.
a. What is the project's payback?
b. What is the project's NPV? Its IRR?
c. Is the project financially acceptable? Explain your answer.
Chapter 11 Problem 3
Capitol Health Plans, Inc., is evaluating two different methods for providing home health services to its members. Both methods involve contracting out for services, and the health outcomes and revenues are not affected by the method chosen. Therefore, the incremental cash flows for the decision are all outflows.
Here are the projected flows:
Year
Method A
Method B
0
-$300,000
-$120,000
1
-$66,000
-$96,000
2
-$66,000
-$96,000
3
-$66,000
-$96,000
4
-$66,000
-$96,000
5
-$66,000
-$96,000
a. What is each alternative's IRR?
b. If the cost of capital for both methods is 9 percent, which method should be chosen? Why?
Chapter 11 Problem 5
Assume that you are the CFO at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments: Project X and Project Y. Each project requires a net investment outlay of $10,000, and the cost of capital for each project is 12 percent. The project's expected net cash flows are as follows:
Year
Project X
Project Y
0
-$10,000
-$10,000
1
$6,500
$3,000
2
$3,000
$3,000
3
$3,000
$3,000
4
$1,000
$3,000
a. Calculate each project's payback period, net present value (NPV), and internal rate of return (IRR).
b. Which project (or projects) is financially acceptable? Explain your answer.
Chapter 11 Problem 7
California Health Center, a for-profit hospital, is evaluating the purchase of new diagnostic equipment. The equipment, which costs $600,000, has an expected life of five years and an estimated pretax salvage value of $200,000 at that time. The equipment is expected to be used 15 times a day for 250 days a year for each year of the project's life. On average, each procedure is expected to generate $80 in collections, which is net of bad debt losses and contractual allowances, in its first year of use. Thus, net revenues for Year 1 are estimated at 15 X 250 X $80 = $300,000.
Labor and maintenance costs are expected to be $100,000 during the first year of operation, while utilities will cost another $10,000 and cash overhead will increase by $5,000 in Year 1. The cost for expendable supplies is expected to average $5 per procedure during the first year. All costs and revenues, except depreciation, are expected to increase at a 5 percent inflation rate after the first year.
The equipment falls into the MACRS five-year class for tax depreciation and hence is subject to the following depreciation allowances:
Year
Allowance
1
0.2
2
0.32
3
0.19
4
0.12
5
0.11
6
0.06
The hospital's tax rate is 40 percent, and its corporate cost of capital is 10 percent.
a. Estima ...
By Analyzing and Utilizing Jean Watson theory of caring, creatTawnaDelatorrejs
By Analyzing and Utilizing Jean Watson theory of caring, create 6-7 slides PowerPoints including your sources on Improvement in two nursing areas:
· Nursing research
· Health disparities
Your sources should be within the last 5 years. Only 2 sources
Name_______________________________
Overview:The connect question requires creation of posted transactions common to manufacturing companies to inventory T-accounts. This assignment builds on these transactions with additional detail relating to the application and incurrence of overhead. Students will complete journal entries and common reports relating to the activity through the cost accounts, including clearing any over- or under-applied overhead. Budgeted/estimated, applied and actual overhead will be examined using multiple application methods including traditional predetermined rates and activity-based costing. Various methods of overhead application will be compared in totality as well as more specifically at a job level basis. Students also will explore the impact of overhead costing in the bidding process typical of companies using job costing.
Use “given” and your “results” from HW 2.1 Question 15 on CONNECT relating to Lock-Tite Company to complete the Project requirements below. Make sure you are using CORRECT answers from connect.
1) Write journal entries in good format for Lock-Tite Company for the following transactions for the period as calculated/given in the problem on CONNECT.
Ref.
Account
Debit
Credit
a) Raw Material purchased on account
a
b) Raw Material used as direct and indirect material
b
c) Recognition of direct and indirect labor owed to employees
c
d) Application of factory overhead to work-in-process
d
e) Recognition of Cost of Goods Manufactured
e
f) Recognition of Sales Revenue
f
g) Recognition of Cost of Goods Sold
g
h) Incurrence of other overhead costs (use “various” to represent multiple accounts.
h
2) Adjusting Factory Overhead: Use these T-accounts to complete the requirements below:
COGS
Unadjusted Balance from connect
AJE
Adjusted COGS balances
Factory Overhead
Unadjusted Balance
AJE
Adjusted COGS balances
a) Include the unadjusted balances in the T accounts above. The COGS unadjusted balance can be found in the partial income statement underneath the T accounts on Question 11 of connect HW2.1 assignment. The unadjusted Factory Overhead balance is the last row of the Factory Overhead T account again in Question 15 of connect HW2.1 assignment.
b) Assume Lock-Tite clears all its under- or over-applied overhead to cost of goods sold. Write the “adjusting” journal entry to zero the Factory Overhead account.
c) Post the journal entry to the COGS and FOH T accounts above 2a and calculate the “adjusted balances for ...
Question 1.Which of the following is considered to be an advantage.docxIRESH3
Question 1.Which of the following is considered to be an advantage of using both nonfinancial and financial information in the balanced scorecard? (Points : 2)
Nonfinancial information is most helpful in analyzing a company's past performance, while financial information is most useful in evaluating potential future performance.
Nonfinancial information provides the short-term perspective while financial information provides the long-term perspective of performance.
Nonfinancial information reflects the company's current and potential competitive advantage, while financial information tends to focus on a firm's achieved financial performance.
Nonfinancial information should be included with financial information because it is more reliable than financial information.
Question 2.Over the past several years it has become increasingly important for firms to improve achievement towards their social and environmental responsibilities. What is the best way the management accountant can help the firm improve on sustainability? (Points : 2)
Participate in programs of environmental organizations.
Develop and implement a legal staff and public relations staff for dealing with sustainability issues that may affect the firm.
Develop and implement a sustainability scorecard.
Risk management.
Question 3.The range of the cost driver in which the actual value of the driver is expected to fall is the: (Points : 2)
Actual cost range.
Driver range.
Activity range.
Relevant range.
Question 4.The difference between wholesalers and retailers is: (Points : 2)
Wholesalers are merchandisers that sell directly to customers whereas retailers are merchandisers that sell to other merchandisers.
Wholesalers are merchandisers that sell to other merchandisers whereas retailers are merchandisers that sell directly to consumers.
Wholesalers are merchandisers that sell directly to the government whereas retailers are merchandisers that sell to other merchandisers.
Wholesalers are merchandisers that sell directly to customers whereas retailers are merchandisers that sell directly to the government.
Question 5.In a local factory, employees are rewarded for finding new and better ways of changing the way they work. This company is motivating its employees to use what management technique? (Points : 2)
Benchmarking.
Activity-Based Costing.
Theory of Constraints.
Continuous Improvement.
Total Quality Management.
Question 6.Assume the following information pertaining to Moonbeam Company:
Beginning Finished Goods Inventory = $130,000
Ending Finished Goods Inventory = $124,000
Beginning WIP Inventory = $85,000
Ending WIP Inventory = $104,000
Beginning Direct Materials = $117,000
Ending Direct Materials = $130,000
Costs incurred during the period are as follows:
Total Manufacturing Costs = $896,000
Factory Overhead = $199,000
...
ACC 207 Final Project Guidelines and RubricOverviewThe final p.docxrhetttrevannion
ACC 207 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a quantitative analysis with a memo to management.
Classifying a
company’s
costs allows for an in-depth analysis of the impact that changes in output
have
on revenues, costs, and net income or net loss. A
cost-
volume-profit (CVP) analysis will be completed in order to determine the
breakeven
point. Relevant costs will be used to prepare a flexible budget. Additionally, an appropriate costing
system
should be selected and the choice should be substantiated with reasonable rationale. Finally, a memo should be prepared
for
management that summarizes the results of the quantitative analysis and
makes
recommendations for an optimal costing
system
to be ethically used by
key
decision
makers.
The project is divided into
three milestones
, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in
Modules Two, Four,
and
Five.
The quantitative analysis with a memo to management will be submitted in
Module Seven
.
In this assignment, you will demonstrate your mastery of the following course outcomes:
·
Utilizecostbehaviorand
cost
analysistoassistdecision
makers
inplanningandaddingvalue
to
thebusiness
·
Prepareaflexiblebudgetforsupportinginformedmanagerialdecisionmaking
·
Interpret variances for determining the optimal costing
system
to fit an
organization’s
internal accountingneeds
·
Interprettheroleofethicsincostaccountingfordeterminingitsimpactondecisionmaking
Prompt
In this assignment, multiple analyses will be conducted in order to obtain a company’s financial information specific to company costs.
MDE manufactures outdoor garden items such as lawn ornaments and bird feeders. MDE uses a standard costing system to set standards for direct materials, labor, and overhead costs. MDE reviews and revises standards as necessary. Recently, budget variances for bird feeders have caused some concern. You, the company’s cost accountant, have been asked to examine the numbers for the product, explain the variances, and suggest ways to improve performance.
Specifically, the following
critical elements
must be addressed:
You will begin by using the
MDE Manufacturing Budget
(Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division. You will then analyze the actual costs and complete a cost-volume-profit (CVP) analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a $10,000 profit and how much the sales price would have to increase to earn a $10,000 profit at the same cost and sales volume level. Use Tabs 1 and 2 of the
Student Workbook
.
I.
Costs
a)
Classify all product and
period costs
appropriately.
b)
Compute a
cost-volume-profit analysis
. What are the implications of thisanalysis?
c)
Compute
contribution m.
Q1Flinders Company has two service departments, Factory Administra.docxamrit47
Q1Flinders Company has two service departments, Factory Administration and Maintenance, and two operating departments. Selected information relating to these departments is given below:Service DepartmentsOperating DepartmentsFactoryMaintenanceXYAdministration Departmental costs$ 119,700 $ 63,940 $ 723,000 $ 623,000 Number of employees6 4 40 70 Total labor hours3,200 5,200 70,000 70,000 The company allocates service department costs by the step-down method. Factory Administration costs are allocated first on the basis of number of employees, and then Maintenance costs are allocated on the basis of total labor hours.Service DepartmentsOperating DepartmentsFactory AdministrationMaintenanceXY Departmental costs$ $ $ $ Allocations: Factory Administration Maintenance Total costs after allocations$ $ $ $
Q2Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May:Tajiri CorporationComparison of Planning Budget to Actual ResultsFor the Month Ended May 31PlanningActualVariancesBudgetResults Customers served39,000 40,000 Revenue (3.40q)$132,600 $136,500 $3,900 F Expenses: Wages and salaries ($23,900 + $1.29q)74,210 75,500 1,290 U Supplies ($0.69q)26,910 24,210 2,700 F Insurance ($5,800)5,800 5,800 0 Miscellaneous ($4,800 + $.38q)19,620 16,920 2,700 F Total expense126,540 122,430 4,110 F Net operating income$6,060 $14,070 $8,010 FRequired:1Complete the company's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)Tajiri CorporationFlexible Budget Performance Report Part 1 & 2For the Month Ended May 31Planning BudgetActivity VariancesU/F/NoneFlexible BudgetRevenue and Spending VariancesU/F/NoneActual Results Customers served39,000 40,000 Revenue$132,600 $$ $$136,500 Expenses: Wages and salaries74,210 75,500 Supplies26,910 24,210 Insurance5,800 5,800 Miscellaneous19,620 16,920 Total expense126,540 122,430 Net operating income$6,060 $$ $$14,070
Q3“I can’t understand what’s happening here,” said Mike Holt, president of Severson Products, Inc. “We always seem to bid too high on jobs that require a lot of labor time in the Finishing Department, and we always seem to get every job we bid on that requires a lot of machine time in the Milling Department.Yet we don’t seem to be making much money on those Milling Department jobs. I wonder if the problem is in our overhead rates.” Severson Products manufactures high-quality wood products to customers’ specifications. Some jobs take a large amount of machine work in t ...
BackgroundPerformance Drinks, LLC is owned by Dave N. Port..docxAMMY30
Background:
Performance Drinks, LLC is owned by Dave N. Port.
Performance Drinks produces a variety of sports centered drinks.
They began operations in 1993 shortly after Mr. Port graduated with his M.B.A. from Davenport University.
The company saw early success as sports and fitness nutritional products gained new popularity in the 1990’s.
Financially the company is sound and has been wise in controlling their growth over the years.
However, within the last 18 months Mr. Port has noticed a drop in overall company profitability.
This is especially troubling considering that the company has continued to experience top-line growth.
Mr. Port and his management team have been considering developing a new product line.
However, those plans have been put on hold until they can figure out why their profits are shrinking.
Performance Drinks makes four different kinds of sports drinks.
Those drinks are as follows:
·
Basic
·
Hydration
·
Intensity
·
Post-Workout
Each of these drinks contains a slightly different nutritional profile and is targeted for different users and uses.
The Basic drink has the least nutritional benefit and is targeted for general consumption.
The Hydration product targets endurance athletes and specializes in hydration replacement.
The Intensity product was designed with energy enhancement in mind. It serves the needs of extreme athletes who need long durations of sustained energy.
Lastly, the Post-Workout product is a nutritional replacement product that is generally used following exertion.
Information Related to Case #2
(this section is the same as you received when you were assigned Case #2)
:
You are the Controller for Performance Drinks.
You feel as though you have a good handle on the financial reporting and the overall company performance.
However, admittedly, your accounting information system has been designed to serve the needs of external users from an aggregate perspective.
To that end you utilize absorption costing exclusively within the organization.
You recall studying the concept of Activity Based Management (ABM) and Activity Based Costing (ABC) while taking a managerial accounting course.
You wonder if applying those ideas to your business would help to uncover the mystery of the disappearing profits.
You recall from your Management Accounting class that product costs are comprised of:
·
Direct Materials
·
Direct Labor
·
Manufacturing Overhead
You don’t suspect that anything strange is going with your direct costs.
You do wonder, however, if a more thorough understanding of your indirect costs may be in order.
Over a series of weeks you talk with a variety of employees, representing a multitude of functional areas, from within the company.
During those conversations you take careful note on what activities might be consuming resources and how those activities might be measured.
You sharpen your pencil and begin to unpack what you’ve learned.
You start with review ...
PLEASE FOLLOW THE DIRECTIONS BELOW AND USE THE BELOW POLICY TO REFER.docxmodi11
PLEASE FOLLOW THE DIRECTIONS BELOW AND USE THE BELOW POLICY TO REFERENCE. THIS IS PART 2 OF THE PREVIOUS PAPER.
Comparing International Healthcare Delivery Systems Description Each student will prepare a PowerPoint presentation, including detailed speaker notes in APA format, examining an international health system compared to the reformed U.S. health system. Directions: Students will prepare the presentation using PowerPoint that will provide: a discussion of the country, culture, and governance structure compared to the U.S. structure the historical background of the development of the health system including a description of the health system type, cost analysis, and funding stream compared to the reformed U.S. system a discussion of systematic and financial health policy issues that would indicate success or failure driven by politics in each country a discussion of the health system’s performance including outcomes, and a comparative analysis of costs compared to the U.S. health system The presentation will be professional and include: speaker notes that are detailed and cited with the most current information available and matching references on the reference slide no older then 2010 slides that are cited and contain no more than 40 words per slide with matching references on the reference slide graphics that are cited with a matching reference on the reference slide written permission for graphics that hold a copyright a title page slide at the beginning and a reference slide at the end in APA format 15 slides counting the title slide and reference slide Each student will post the presentation to Doc Sharing for review by peers and to the Dropbox for grading by day three of Unit 7. Each student will also post two questions in the Unit 7 Discussion topic 2 thread that will foster political debate.
THIS INCLUDES THE 2 SEPERATE QUESTIONS ALSO TO POST
Policy Change Proposal Section II
Introduction
The proposed policy change is meant to improve the effectiveness of public laws and regulations and even give information on the public use of funds. Further, it will address the practices of the private sector employment that affects the ability of people to work and make their living above the poverty line and this mostly applies to the youths, unmarried dependent adults. The proposal is meant to make the public policy more inclusive, collaborative and responsive to the interests of the ordinary citizen so as to prepare them for their future life.
From the proposed amendment, there are measurable goals that will determine the level of success of the policy change proposal and this will include: First, by the end of the year we expect 60% of unmarried adult children to be independent and live an economically viable lifestyle. Second, by the end of 2018, the rate of poverty to reduce by 19% since the country will be composed of economically productive youths. Lastly, we expect the employment rate in the country t.
Please help me with my Biblography paper. And include a copy of th.docxmodi11
Please help me with my Biblography paper. And
include a copy of the sources you used for the paper please
My topic is about : "Life with Social Media " and its talking about the good side of using Social media.
Please don't forgat to start with an
introduction
!
Finally , Follow all the instructions that I will post .... And do it in
APA
format.
.
Please follow the isntructions exact and fill in the projected numbe.docxmodi11
Please follow the isntructions exact and fill in the projected numbers to the attached excel sheet. IMPORTANT***** Please be sure to use excel formulas to get the numbers. PLEASE PLEASE calculate them accordingly and do not just manually enter the numbers. The formulas count as 50% of the grade. Thank you
.
Please follow the instructions carefully. i attached two files. the.docxmodi11
Please follow the instructions carefully. i attached two files. the first file is the question that u need to answer. the second file is the instructions of how ur respond should look like..
Please write for three students..THREE DIFFERENT VERSIONS..like one agrees with the topic and two others disagree whatever u like but make sure they are different...
Thank You!
.
please follow it carefully.The topic is about how and why was th.docxmodi11
please follow it carefully.
The topic is about how and why was the spartan army the best of its time
please read it before writing.
Remember no biography.
due Satuarday
11/15/2014
this homework uses the same prompt that I have sent the to your email
.
Please fix my draft and give the final version .... My topic is abou.docxmodi11
Please fix my draft and give the final version .... My topic is about " Addicted to social Media " my Draft have a Theis statment But it needs to be fixed because I am supporting social media. Make sure that all the information from other sorces for my draft. And Please Cite in APA format !
This draft have to include 5 sources ....... This is required
I am talking about the positive side of using Social Media !
Please Follow all the Instructions ....... This Draft need to be fixed Before Tuesday.
.
Please find the attachment which describes the Project. . I am alrea.docxmodi11
Please find the attachment which describes the Project. . I am already done with all the parts except the last part which is formulate a plan to visit(4-6pages).......................we have selected the Istanbul where will start our subway and it will be the joint venture with the existing franchise owner........content that are must to be included in paper .....
1. objectives of vist : opening a franchise of subway(resturant) in turkey, introducing halal menu as existing in Uk subways .... and so on...
2. whom to meet : busniess partners,health department(licensing work), food department(licensing work), water dept. etc etc etc.....also will lease the land as per requirment of franchise so to meet estate agents and then select the best location for busniess like the shopping mall or transportation stations ......
3)travelling plan : 3 people will go..specify its ability say for example 1 is good as chef other is good at paper work and meeting officials etc ...by air,,,for a week or so...will stay in nearest hotels where we can meet all the goverment officials for licensing and paper work.....will land on nearest airport in Istanbul city ...for boston logan airport....
4) cost estimate for the visit : all the fares including hotel ,travelling, etc
.
Please help my best offer $10.00Write 250- to 350-word answers t.docxmodi11
Please help
my best offer $10.00
Write 250- to 350-word answers to each of the following questions in the matrix:
Questions
Answers
What is meant by the term media convergence with regard to technology, and how has it affected everyday life?
What is meant by the term media convergence with regard to business, and how has it affected everyday life?
What are some of the issues that result from dependency on modern media? Describe at least three issues.
How does media literacy help with responsible media consumption?
.
.
Please help, im lost!Fill in each blank with the most appropriate .docxmodi11
Please help, im lost!
Fill in each blank with the most appropriate word from Lesson 2. Use a word or any of its forms once. (Words at the bottom of the page
1. Balancing a budget is a(n)______task for individuals as well as for governments.
2. When several people pass along information one by one, the inevitably_____it.
3. Although admirers were eager to lionize the Bronte sisters, they were_______s, preferring their own company to that of the outside world.
4. Thomas Carlyle says that "__________is hard upon a man" but that prosperity is even harder to endure.
5. A clever_______may win admiration for wit but discourage gentler feelings.
6. Readers of Beverly Cleary's_______have met Henry Huggins, an amusing character who appears in a succession of her of her novels.
7. As they leap, turn somersaults, and otherwise________ their bodies, Olympic gymnasts prove their suppleness.
8. Although the nursery rhyme begins, "Mary, Mary, quite contrary," The references to her garden and "maids all in a row" do not explain why she is_______.
WORDS:
adversity avert contort distort introvert perverse prose retort subservient subvert tortuous
.
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HCM565Module 4 CTChapter 11 Problem 1Winston Clinic is eva.docxshericehewat
HCM565
Module 4 CT
Chapter 11 Problem 1
Winston Clinic is evaluating a project that costs $52,125 and has expected net cash flows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12 percent.
a. What is the project's payback?
b. What is the project's NPV? Its IRR?
c. Is the project financially acceptable? Explain your answer.
Chapter 11 Problem 3
Capitol Health Plans, Inc., is evaluating two different methods for providing home health services to its members. Both methods involve contracting out for services, and the health outcomes and revenues are not affected by the method chosen. Therefore, the incremental cash flows for the decision are all outflows.
Here are the projected flows:
Year
Method A
Method B
0
-$300,000
-$120,000
1
-$66,000
-$96,000
2
-$66,000
-$96,000
3
-$66,000
-$96,000
4
-$66,000
-$96,000
5
-$66,000
-$96,000
a. What is each alternative's IRR?
b. If the cost of capital for both methods is 9 percent, which method should be chosen? Why?
Chapter 11 Problem 5
Assume that you are the CFO at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments: Project X and Project Y. Each project requires a net investment outlay of $10,000, and the cost of capital for each project is 12 percent. The project's expected net cash flows are as follows:
Year
Project X
Project Y
0
-$10,000
-$10,000
1
$6,500
$3,000
2
$3,000
$3,000
3
$3,000
$3,000
4
$1,000
$3,000
a. Calculate each project's payback period, net present value (NPV), and internal rate of return (IRR).
b. Which project (or projects) is financially acceptable? Explain your answer.
Chapter 11 Problem 7
California Health Center, a for-profit hospital, is evaluating the purchase of new diagnostic equipment. The equipment, which costs $600,000, has an expected life of five years and an estimated pretax salvage value of $200,000 at that time. The equipment is expected to be used 15 times a day for 250 days a year for each year of the project's life. On average, each procedure is expected to generate $80 in collections, which is net of bad debt losses and contractual allowances, in its first year of use. Thus, net revenues for Year 1 are estimated at 15 X 250 X $80 = $300,000.
Labor and maintenance costs are expected to be $100,000 during the first year of operation, while utilities will cost another $10,000 and cash overhead will increase by $5,000 in Year 1. The cost for expendable supplies is expected to average $5 per procedure during the first year. All costs and revenues, except depreciation, are expected to increase at a 5 percent inflation rate after the first year.
The equipment falls into the MACRS five-year class for tax depreciation and hence is subject to the following depreciation allowances:
Year
Allowance
1
0.2
2
0.32
3
0.19
4
0.12
5
0.11
6
0.06
The hospital's tax rate is 40 percent, and its corporate cost of capital is 10 percent.
a. Estima ...
By Analyzing and Utilizing Jean Watson theory of caring, creatTawnaDelatorrejs
By Analyzing and Utilizing Jean Watson theory of caring, create 6-7 slides PowerPoints including your sources on Improvement in two nursing areas:
· Nursing research
· Health disparities
Your sources should be within the last 5 years. Only 2 sources
Name_______________________________
Overview:The connect question requires creation of posted transactions common to manufacturing companies to inventory T-accounts. This assignment builds on these transactions with additional detail relating to the application and incurrence of overhead. Students will complete journal entries and common reports relating to the activity through the cost accounts, including clearing any over- or under-applied overhead. Budgeted/estimated, applied and actual overhead will be examined using multiple application methods including traditional predetermined rates and activity-based costing. Various methods of overhead application will be compared in totality as well as more specifically at a job level basis. Students also will explore the impact of overhead costing in the bidding process typical of companies using job costing.
Use “given” and your “results” from HW 2.1 Question 15 on CONNECT relating to Lock-Tite Company to complete the Project requirements below. Make sure you are using CORRECT answers from connect.
1) Write journal entries in good format for Lock-Tite Company for the following transactions for the period as calculated/given in the problem on CONNECT.
Ref.
Account
Debit
Credit
a) Raw Material purchased on account
a
b) Raw Material used as direct and indirect material
b
c) Recognition of direct and indirect labor owed to employees
c
d) Application of factory overhead to work-in-process
d
e) Recognition of Cost of Goods Manufactured
e
f) Recognition of Sales Revenue
f
g) Recognition of Cost of Goods Sold
g
h) Incurrence of other overhead costs (use “various” to represent multiple accounts.
h
2) Adjusting Factory Overhead: Use these T-accounts to complete the requirements below:
COGS
Unadjusted Balance from connect
AJE
Adjusted COGS balances
Factory Overhead
Unadjusted Balance
AJE
Adjusted COGS balances
a) Include the unadjusted balances in the T accounts above. The COGS unadjusted balance can be found in the partial income statement underneath the T accounts on Question 11 of connect HW2.1 assignment. The unadjusted Factory Overhead balance is the last row of the Factory Overhead T account again in Question 15 of connect HW2.1 assignment.
b) Assume Lock-Tite clears all its under- or over-applied overhead to cost of goods sold. Write the “adjusting” journal entry to zero the Factory Overhead account.
c) Post the journal entry to the COGS and FOH T accounts above 2a and calculate the “adjusted balances for ...
Question 1.Which of the following is considered to be an advantage.docxIRESH3
Question 1.Which of the following is considered to be an advantage of using both nonfinancial and financial information in the balanced scorecard? (Points : 2)
Nonfinancial information is most helpful in analyzing a company's past performance, while financial information is most useful in evaluating potential future performance.
Nonfinancial information provides the short-term perspective while financial information provides the long-term perspective of performance.
Nonfinancial information reflects the company's current and potential competitive advantage, while financial information tends to focus on a firm's achieved financial performance.
Nonfinancial information should be included with financial information because it is more reliable than financial information.
Question 2.Over the past several years it has become increasingly important for firms to improve achievement towards their social and environmental responsibilities. What is the best way the management accountant can help the firm improve on sustainability? (Points : 2)
Participate in programs of environmental organizations.
Develop and implement a legal staff and public relations staff for dealing with sustainability issues that may affect the firm.
Develop and implement a sustainability scorecard.
Risk management.
Question 3.The range of the cost driver in which the actual value of the driver is expected to fall is the: (Points : 2)
Actual cost range.
Driver range.
Activity range.
Relevant range.
Question 4.The difference between wholesalers and retailers is: (Points : 2)
Wholesalers are merchandisers that sell directly to customers whereas retailers are merchandisers that sell to other merchandisers.
Wholesalers are merchandisers that sell to other merchandisers whereas retailers are merchandisers that sell directly to consumers.
Wholesalers are merchandisers that sell directly to the government whereas retailers are merchandisers that sell to other merchandisers.
Wholesalers are merchandisers that sell directly to customers whereas retailers are merchandisers that sell directly to the government.
Question 5.In a local factory, employees are rewarded for finding new and better ways of changing the way they work. This company is motivating its employees to use what management technique? (Points : 2)
Benchmarking.
Activity-Based Costing.
Theory of Constraints.
Continuous Improvement.
Total Quality Management.
Question 6.Assume the following information pertaining to Moonbeam Company:
Beginning Finished Goods Inventory = $130,000
Ending Finished Goods Inventory = $124,000
Beginning WIP Inventory = $85,000
Ending WIP Inventory = $104,000
Beginning Direct Materials = $117,000
Ending Direct Materials = $130,000
Costs incurred during the period are as follows:
Total Manufacturing Costs = $896,000
Factory Overhead = $199,000
...
ACC 207 Final Project Guidelines and RubricOverviewThe final p.docxrhetttrevannion
ACC 207 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a quantitative analysis with a memo to management.
Classifying a
company’s
costs allows for an in-depth analysis of the impact that changes in output
have
on revenues, costs, and net income or net loss. A
cost-
volume-profit (CVP) analysis will be completed in order to determine the
breakeven
point. Relevant costs will be used to prepare a flexible budget. Additionally, an appropriate costing
system
should be selected and the choice should be substantiated with reasonable rationale. Finally, a memo should be prepared
for
management that summarizes the results of the quantitative analysis and
makes
recommendations for an optimal costing
system
to be ethically used by
key
decision
makers.
The project is divided into
three milestones
, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in
Modules Two, Four,
and
Five.
The quantitative analysis with a memo to management will be submitted in
Module Seven
.
In this assignment, you will demonstrate your mastery of the following course outcomes:
·
Utilizecostbehaviorand
cost
analysistoassistdecision
makers
inplanningandaddingvalue
to
thebusiness
·
Prepareaflexiblebudgetforsupportinginformedmanagerialdecisionmaking
·
Interpret variances for determining the optimal costing
system
to fit an
organization’s
internal accountingneeds
·
Interprettheroleofethicsincostaccountingfordeterminingitsimpactondecisionmaking
Prompt
In this assignment, multiple analyses will be conducted in order to obtain a company’s financial information specific to company costs.
MDE manufactures outdoor garden items such as lawn ornaments and bird feeders. MDE uses a standard costing system to set standards for direct materials, labor, and overhead costs. MDE reviews and revises standards as necessary. Recently, budget variances for bird feeders have caused some concern. You, the company’s cost accountant, have been asked to examine the numbers for the product, explain the variances, and suggest ways to improve performance.
Specifically, the following
critical elements
must be addressed:
You will begin by using the
MDE Manufacturing Budget
(Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division. You will then analyze the actual costs and complete a cost-volume-profit (CVP) analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a $10,000 profit and how much the sales price would have to increase to earn a $10,000 profit at the same cost and sales volume level. Use Tabs 1 and 2 of the
Student Workbook
.
I.
Costs
a)
Classify all product and
period costs
appropriately.
b)
Compute a
cost-volume-profit analysis
. What are the implications of thisanalysis?
c)
Compute
contribution m.
Q1Flinders Company has two service departments, Factory Administra.docxamrit47
Q1Flinders Company has two service departments, Factory Administration and Maintenance, and two operating departments. Selected information relating to these departments is given below:Service DepartmentsOperating DepartmentsFactoryMaintenanceXYAdministration Departmental costs$ 119,700 $ 63,940 $ 723,000 $ 623,000 Number of employees6 4 40 70 Total labor hours3,200 5,200 70,000 70,000 The company allocates service department costs by the step-down method. Factory Administration costs are allocated first on the basis of number of employees, and then Maintenance costs are allocated on the basis of total labor hours.Service DepartmentsOperating DepartmentsFactory AdministrationMaintenanceXY Departmental costs$ $ $ $ Allocations: Factory Administration Maintenance Total costs after allocations$ $ $ $
Q2Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May:Tajiri CorporationComparison of Planning Budget to Actual ResultsFor the Month Ended May 31PlanningActualVariancesBudgetResults Customers served39,000 40,000 Revenue (3.40q)$132,600 $136,500 $3,900 F Expenses: Wages and salaries ($23,900 + $1.29q)74,210 75,500 1,290 U Supplies ($0.69q)26,910 24,210 2,700 F Insurance ($5,800)5,800 5,800 0 Miscellaneous ($4,800 + $.38q)19,620 16,920 2,700 F Total expense126,540 122,430 4,110 F Net operating income$6,060 $14,070 $8,010 FRequired:1Complete the company's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)Tajiri CorporationFlexible Budget Performance Report Part 1 & 2For the Month Ended May 31Planning BudgetActivity VariancesU/F/NoneFlexible BudgetRevenue and Spending VariancesU/F/NoneActual Results Customers served39,000 40,000 Revenue$132,600 $$ $$136,500 Expenses: Wages and salaries74,210 75,500 Supplies26,910 24,210 Insurance5,800 5,800 Miscellaneous19,620 16,920 Total expense126,540 122,430 Net operating income$6,060 $$ $$14,070
Q3“I can’t understand what’s happening here,” said Mike Holt, president of Severson Products, Inc. “We always seem to bid too high on jobs that require a lot of labor time in the Finishing Department, and we always seem to get every job we bid on that requires a lot of machine time in the Milling Department.Yet we don’t seem to be making much money on those Milling Department jobs. I wonder if the problem is in our overhead rates.” Severson Products manufactures high-quality wood products to customers’ specifications. Some jobs take a large amount of machine work in t ...
BackgroundPerformance Drinks, LLC is owned by Dave N. Port..docxAMMY30
Background:
Performance Drinks, LLC is owned by Dave N. Port.
Performance Drinks produces a variety of sports centered drinks.
They began operations in 1993 shortly after Mr. Port graduated with his M.B.A. from Davenport University.
The company saw early success as sports and fitness nutritional products gained new popularity in the 1990’s.
Financially the company is sound and has been wise in controlling their growth over the years.
However, within the last 18 months Mr. Port has noticed a drop in overall company profitability.
This is especially troubling considering that the company has continued to experience top-line growth.
Mr. Port and his management team have been considering developing a new product line.
However, those plans have been put on hold until they can figure out why their profits are shrinking.
Performance Drinks makes four different kinds of sports drinks.
Those drinks are as follows:
·
Basic
·
Hydration
·
Intensity
·
Post-Workout
Each of these drinks contains a slightly different nutritional profile and is targeted for different users and uses.
The Basic drink has the least nutritional benefit and is targeted for general consumption.
The Hydration product targets endurance athletes and specializes in hydration replacement.
The Intensity product was designed with energy enhancement in mind. It serves the needs of extreme athletes who need long durations of sustained energy.
Lastly, the Post-Workout product is a nutritional replacement product that is generally used following exertion.
Information Related to Case #2
(this section is the same as you received when you were assigned Case #2)
:
You are the Controller for Performance Drinks.
You feel as though you have a good handle on the financial reporting and the overall company performance.
However, admittedly, your accounting information system has been designed to serve the needs of external users from an aggregate perspective.
To that end you utilize absorption costing exclusively within the organization.
You recall studying the concept of Activity Based Management (ABM) and Activity Based Costing (ABC) while taking a managerial accounting course.
You wonder if applying those ideas to your business would help to uncover the mystery of the disappearing profits.
You recall from your Management Accounting class that product costs are comprised of:
·
Direct Materials
·
Direct Labor
·
Manufacturing Overhead
You don’t suspect that anything strange is going with your direct costs.
You do wonder, however, if a more thorough understanding of your indirect costs may be in order.
Over a series of weeks you talk with a variety of employees, representing a multitude of functional areas, from within the company.
During those conversations you take careful note on what activities might be consuming resources and how those activities might be measured.
You sharpen your pencil and begin to unpack what you’ve learned.
You start with review ...
PLEASE FOLLOW THE DIRECTIONS BELOW AND USE THE BELOW POLICY TO REFER.docxmodi11
PLEASE FOLLOW THE DIRECTIONS BELOW AND USE THE BELOW POLICY TO REFERENCE. THIS IS PART 2 OF THE PREVIOUS PAPER.
Comparing International Healthcare Delivery Systems Description Each student will prepare a PowerPoint presentation, including detailed speaker notes in APA format, examining an international health system compared to the reformed U.S. health system. Directions: Students will prepare the presentation using PowerPoint that will provide: a discussion of the country, culture, and governance structure compared to the U.S. structure the historical background of the development of the health system including a description of the health system type, cost analysis, and funding stream compared to the reformed U.S. system a discussion of systematic and financial health policy issues that would indicate success or failure driven by politics in each country a discussion of the health system’s performance including outcomes, and a comparative analysis of costs compared to the U.S. health system The presentation will be professional and include: speaker notes that are detailed and cited with the most current information available and matching references on the reference slide no older then 2010 slides that are cited and contain no more than 40 words per slide with matching references on the reference slide graphics that are cited with a matching reference on the reference slide written permission for graphics that hold a copyright a title page slide at the beginning and a reference slide at the end in APA format 15 slides counting the title slide and reference slide Each student will post the presentation to Doc Sharing for review by peers and to the Dropbox for grading by day three of Unit 7. Each student will also post two questions in the Unit 7 Discussion topic 2 thread that will foster political debate.
THIS INCLUDES THE 2 SEPERATE QUESTIONS ALSO TO POST
Policy Change Proposal Section II
Introduction
The proposed policy change is meant to improve the effectiveness of public laws and regulations and even give information on the public use of funds. Further, it will address the practices of the private sector employment that affects the ability of people to work and make their living above the poverty line and this mostly applies to the youths, unmarried dependent adults. The proposal is meant to make the public policy more inclusive, collaborative and responsive to the interests of the ordinary citizen so as to prepare them for their future life.
From the proposed amendment, there are measurable goals that will determine the level of success of the policy change proposal and this will include: First, by the end of the year we expect 60% of unmarried adult children to be independent and live an economically viable lifestyle. Second, by the end of 2018, the rate of poverty to reduce by 19% since the country will be composed of economically productive youths. Lastly, we expect the employment rate in the country t.
Please help me with my Biblography paper. And include a copy of th.docxmodi11
Please help me with my Biblography paper. And
include a copy of the sources you used for the paper please
My topic is about : "Life with Social Media " and its talking about the good side of using Social media.
Please don't forgat to start with an
introduction
!
Finally , Follow all the instructions that I will post .... And do it in
APA
format.
.
Please follow the isntructions exact and fill in the projected numbe.docxmodi11
Please follow the isntructions exact and fill in the projected numbers to the attached excel sheet. IMPORTANT***** Please be sure to use excel formulas to get the numbers. PLEASE PLEASE calculate them accordingly and do not just manually enter the numbers. The formulas count as 50% of the grade. Thank you
.
Please follow the instructions carefully. i attached two files. the.docxmodi11
Please follow the instructions carefully. i attached two files. the first file is the question that u need to answer. the second file is the instructions of how ur respond should look like..
Please write for three students..THREE DIFFERENT VERSIONS..like one agrees with the topic and two others disagree whatever u like but make sure they are different...
Thank You!
.
please follow it carefully.The topic is about how and why was th.docxmodi11
please follow it carefully.
The topic is about how and why was the spartan army the best of its time
please read it before writing.
Remember no biography.
due Satuarday
11/15/2014
this homework uses the same prompt that I have sent the to your email
.
Please fix my draft and give the final version .... My topic is abou.docxmodi11
Please fix my draft and give the final version .... My topic is about " Addicted to social Media " my Draft have a Theis statment But it needs to be fixed because I am supporting social media. Make sure that all the information from other sorces for my draft. And Please Cite in APA format !
This draft have to include 5 sources ....... This is required
I am talking about the positive side of using Social Media !
Please Follow all the Instructions ....... This Draft need to be fixed Before Tuesday.
.
Please find the attachment which describes the Project. . I am alrea.docxmodi11
Please find the attachment which describes the Project. . I am already done with all the parts except the last part which is formulate a plan to visit(4-6pages).......................we have selected the Istanbul where will start our subway and it will be the joint venture with the existing franchise owner........content that are must to be included in paper .....
1. objectives of vist : opening a franchise of subway(resturant) in turkey, introducing halal menu as existing in Uk subways .... and so on...
2. whom to meet : busniess partners,health department(licensing work), food department(licensing work), water dept. etc etc etc.....also will lease the land as per requirment of franchise so to meet estate agents and then select the best location for busniess like the shopping mall or transportation stations ......
3)travelling plan : 3 people will go..specify its ability say for example 1 is good as chef other is good at paper work and meeting officials etc ...by air,,,for a week or so...will stay in nearest hotels where we can meet all the goverment officials for licensing and paper work.....will land on nearest airport in Istanbul city ...for boston logan airport....
4) cost estimate for the visit : all the fares including hotel ,travelling, etc
.
Please help my best offer $10.00Write 250- to 350-word answers t.docxmodi11
Please help
my best offer $10.00
Write 250- to 350-word answers to each of the following questions in the matrix:
Questions
Answers
What is meant by the term media convergence with regard to technology, and how has it affected everyday life?
What is meant by the term media convergence with regard to business, and how has it affected everyday life?
What are some of the issues that result from dependency on modern media? Describe at least three issues.
How does media literacy help with responsible media consumption?
.
.
Please help, im lost!Fill in each blank with the most appropriate .docxmodi11
Please help, im lost!
Fill in each blank with the most appropriate word from Lesson 2. Use a word or any of its forms once. (Words at the bottom of the page
1. Balancing a budget is a(n)______task for individuals as well as for governments.
2. When several people pass along information one by one, the inevitably_____it.
3. Although admirers were eager to lionize the Bronte sisters, they were_______s, preferring their own company to that of the outside world.
4. Thomas Carlyle says that "__________is hard upon a man" but that prosperity is even harder to endure.
5. A clever_______may win admiration for wit but discourage gentler feelings.
6. Readers of Beverly Cleary's_______have met Henry Huggins, an amusing character who appears in a succession of her of her novels.
7. As they leap, turn somersaults, and otherwise________ their bodies, Olympic gymnasts prove their suppleness.
8. Although the nursery rhyme begins, "Mary, Mary, quite contrary," The references to her garden and "maids all in a row" do not explain why she is_______.
WORDS:
adversity avert contort distort introvert perverse prose retort subservient subvert tortuous
.
Please go over the instructions carefully.the Topic is about 1.docxmodi11
Please go over the instructions carefully.
the Topic is about
1)
What is meant by New Urbanism?
Why are some observers critical of this movement?
Do you think that New Urbanism can solve the social problems confronting metropolitan regions?
the paper should be 5 pages.
I need this work to be done on 29 November at 3 pm Los Angeles CA Time.
Best,
.
please follow---Tuskegee Reaction Paper. If a student prefer.docxmodi11
please follow---
Tuskegee Reaction Paper
. If a student prefers not to participate in a psychology research study, for any reason, he or she may choose to write a 3-page, double-spaced typed reflection paper on the unethical Tuskegee Syphilis Studies (1932-1972). Papers must include a one-paragraph summary (you MUST list all references used). The remainder of the paper must be the student’s thoughtful REACTION to this historical event. NO INFORMATION MAY BE DIRECTLY COPIED FRO
M THE INTERNET OR OTHER SOURCES OR THIS WILL RESULT IN A “0” for the grade
.
Please explain in 200 words Many attractive jobs have left the.docxmodi11
Please explain in 200 words
Many attractive jobs have left the United States to countries such as China and India. Some argue that the practice of outsourcing has harmed American workers and encourages unethical practices such as sweatshop labor. Others argue that the production of cheaper products is good for the American economy.
Is outsourcing an ethical practice?
Should the United States government discourage outsourcing?
In your response, support your answer with ethical reasoning and theory.
.
In this assignment you are going to become photojournalists. Go into.docxmodi11
In this assignment you are going to become photojournalists. Go into your community with a camera and gather evidence to create a PowerPoint presentation of progress (or lack of progress, if you wish) made toward the achievement of civil rights of these and other groups in society. Think about changes in peoples’ rights, including women, the elderly, the disabled, and ethnic and racial minorities. Look at businesses, place names, neighborhoods, public facilities, parks, monuments and other aspects of the built environment.
Be sure to include and fulfill the following objectives in your presentation.
• Your presentation makes a definitive statement about the progress (or lack of progress) that has been made in your community since the Civil Rights movements of the 1960s.
• The photos are your own original work. The quality of your photos will not be assessed.
• Each slide supports or refutes the thesis that progress has been made in the community since the Civil Rights era of the 1960s.
Caution:
Do not take pictures of children in public places or at schools. Photographing people is not recommended because it requires getting permission. Do not trespass on private property without written permission from the owner. If in doubt about the appropriateness of your proposed photo subject, consult your instructor.
Please take a look at the unit assignment grading rubric on the course syllabus before you submit. Use it as a checklist to see if you have answered all the required assignment questions and followed other requirements like the use of outside sources and APA formatting.
Your presentation should be between 6-10 slides with accompanying notes, and in addition, one title slide and one references slide.
.
In the workplace, managers have a lot of influence, which requires t.docxmodi11
In the workplace, managers have a lot of influence, which requires them to sometimes be more educated and aware than others in order to set the standard of inclusion for all. What are some ways in which you can demonstrate your support of the LGBTI community, without having to wait to respond to messages of intolerance? Share your thoughts in a 1-page reflection.
.
in the word document i did a research paper and have comments (red c.docxmodi11
in the word document i did a research paper and have comments (red color)
all what you have to do is follow the red comments
i attached also files that should help you to costruct the paper
follow all the comments that added in the word file and use other files as source fof information
.
In the wake of the 40th anniversary of man setting foot on the moon,.docxmodi11
In the wake of the 40th anniversary of man setting foot on the moon, there has been renewed interest in space exploration. Proponents argue that in addition to working toward the actual objective, numerous and widespread "spinoff" benefits will accrue. Others argue that space exploration is "not worth the cost" and that our resources could better be used to deal with other issues such as health care, the economy, etc. What do you think? Is space exploration worth it? If so, what benefits would be derived. If not, why not?
.
In the wake of the terrorist attacks in September 2001, the 911 Com.docxmodi11
In the wake of the terrorist attacks in September 2001, the 9/11 Commission recommended that the U.S. Intelligence Community (USIC) find a way to improve information sharing of terrorism-related intelligence at all three levels of government (local, state, and federal). The USIC’s answer to this recommendation was the creation of intelligence
fusion centers
.
Since the creation of these intelligence fusion centers, there has been much controversy because of the large amounts of personal information secretly collected and shared within the U.S. intelligence and law enforcement communities. In addition, some critics argue that in the years since their creation, fusion centers and the law enforcement entities affiliated with them have moved away from their original purpose and instead have utilized federal grants and resources to fight local crime.
Assignment Guidelines
In 5–6 paragraphs, address the following:
In your opinion, how effective are U.S. fusion centers? Explain.
Do you feel that the creation of fusion centers has improved information sharing of terrorism-related information at all three levels of government? Why or why not?
Do you feel that fusion centers have ultimately moved away from their intended purpose? Why or why not?
Are fusion centers now being used as a local law enforcement tool to help fight local crime? Why or why not?
Post a new topic to the Discussion Board that contains your responses to the above questions.
Comment on at least 2 other students' posts.
.
In the wake of the Brown v. Board of Education decision (1995) Black.docxmodi11
In the wake of the Brown v. Board of Education decision (1995) Black Americans was faced with the daunting task of integrating American schools. You are being assigned the task of deciding if the movement toward integration was a positive or negative force in the future of Black education. Put simply; should Black parents/children be excited or worried about this newfound “opportunity” advising President Abraham Lincoln about the plight of Blacks--- what do they want/need as well as what the nation should do on their behalf.
.
In the United States, managed care is becoming an increasingly popul.docxmodi11
In the United States, managed care is becoming an increasingly popular method of administering healthcare. It influences the clinical behavior of providers, as it combines the payment and delivery of healthcare into a single system, the purpose of which is to control the cost, quality, and access of healthcare services for a single bracket of health plan enrollees (Scutchfield, Lee, & Patton, 1997).
Yet, managed care often evokes strong or negative reactions from healthcare providers because they are paid a fixed amount for treating their patients, regardless of the actual cost, which may influence their level of efficiency. This can challenge the relationships between doctors and patients (Claxton, Rae, Panchal, Damico, & Lundy, 2012; Sekhri, 2000).
Research managed care's inception and study some examples. Be sure to investigate the perspectives about managed care from the vantage of both healthcare providers and patients. You can use the following keywords for your research—United States managed care, history of managed care, and managed care timeline.
Based on your research, answer the following questions in a 8- to 10-page Microsoft Word document:
What are the positive and negative aspects of managed care? Analyze the benefits and the risks for both providers and patients, and how providers should choose among managed care contracts. Conclude with your analysis and recommendations for managed care health plans. Your response should include answers to the following questions:
Summarize the history of when, how, and why managed care was developed.
Define and discuss each type of managed care organization (MCO)—health maintenance organization (HMO), preferred provider organization (PPO), and point of sale (POS).
Explain the positive and negative aspects, respectively, of managed care organization from the provider's point of view—a physician and a healthcare facility—and from a patient's point of view.
Explain the three types of incentives for providers for efficiency in the delivery of healthcare services. Explain who bears the financial risk—the provider, the patient, or the managed care organization.
Offer your recommendations, to accept or decline, for patients considering managed care health plans, with your rationale for each.
References
:
Claxton, G., Rae, M., Panchal, N., Damico, A., & Lundy, J. (2012).
Employer Health
Benefits Annual 2012 Survey
. Retrieved from http://ehbs.kff.org/pdf/2012/
8345.pdf
Sekhri, N. K. (2000).
Managed care: The US experience
. Retrieved from http://www.
who.int/bulletin/archives/78%286%29830.pdf
Scutchfield F. D., Lee, J., & Patton, D. (1997). Managed care in the United States.
Journal of Public Health Medicine
,
19
(3), 251–254. Retrieved from http://
jpubhealth.oxfordjournals.org/content/19/3/251.full.pdf
Support your responses with examples.
Cite any sources in APA format.
.
In the United States, policy makers, law enforcement personnel, gove.docxmodi11
In the United States, policy makers, law enforcement personnel, government officials, and many others work to develop laws and programs aimed at preventing crime and also reacting to crimes that have occurred. In developing these programs and policies, it is important to understand the types of people who commit certain crimes as well as the rationale behind criminal behavior.
In your role as a consultant to the city of Centervale, you should be able to demonstrate your knowledge about the theories of crime.
Submission Details:
Briefly describe a newsworthy crime that occurred in your own area.
Select the theory of crime that you think best fits this crime situation.
Based on your textbook readings, explain the theory and why it is the best fit
.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Example 17A Variance AnalysisOur variance analysis example and pr.docx
1. Example 17A: Variance Analysis
Our variance analysis example and practice exercise use the
flexible budget approach. A flexible budget is one that is
created using budgeted revenue and/or budgeted cost amounts.
A flexible budget is adjusted, or flexed, to the actual level of
output achieved (or perhaps expected to be achieved) during the
budget period. A flexible budget thus looks toward a range of
activity or volume (versus only one level in the static budget).
Examples of how the variance analysis works are contained in
Figure 17–1
(the elements), in
Figure 17-2
(the composition), and in
Figures 17–3
and
17–4
(the calculations). Study these examples before undertaking the
Practice Exercise.
We have restated
Exhibit 17–2
in a worksheet format for purposes of this example. The new
format appears as follows. (The numbers have not changed.)
Actual Cost
$920,000
Less: Flexible Budget
990,000
Price Variance (favorable)
$ 70,000
Budgeted Cost
$937,500
Less: Flexible Budget
990,000
Quantity Variance (unfavorable)
− $52,500
2. Net Variance (favorable)
$ 17,500
Assumptions (
refer to Exhibit
17
-2
)
Overhead Cost
divided by
# Therapy Minutes (Activity Level)
equals
Cost per Therapy Minute
Actual
(1) $920,000
(3) 330,000
(5) $2.79
Budgeted
(2) $937,500
(4) 312,500
(6) $3.00
Practice Exercise 17–1
Exhibit 17–2
presents the Variance Analysis for hospital rehab services for
the third quarter. For our practice exercise we will duplicate
this report for the fourth quarter. We are able to reformat the
information in
Exhibit 17–2
into a worksheet as follows. The fourth quarter assumptions
appear below the worksheet.
3. Actual Cost
Less: Flexible Budget
Price Variance (favorable)
Budgeted Cost
Less: Flexible Budget
Quantity Variance (unfavorable)
Net Variance (unfavorable)
Assumptions
Overhead Cost
divided by
# Therapy Minutes (Activity Level)
equals
Cost per Therapy Minute
Actual
(1) $950,000
(3) 350,000
(5) $2.71
Budgeted
(2) $930,000
(4) 310,000
(6) $3.00
Required
4. 1.
Set up a worksheet for the fourth quarter like that shown in
Exhibit 17–2
for the third quarter.
2.
Insert the Fourth Quarter Input Data (per assumptions given
above) on the worksheet.
3.
Complete the “Actual Cost,” “Flexible Budget,” and “Budgeted
Cost” sections at the top of the worksheet.
4.
Compute the Price Variance and the Quantity Variance in the
middle of the worksheet.
5.
Indicate whether the Price and the Quantity Variances are
favorable or unfavorable for the fourth quarter.
Optional
Can you compute how the $950,000 actual overhead costs and
the $930,000 budgeted overhead costs were calculated?
Assignment Exercise 17–1: Variance Analysis
Greenview Hospital operated at 120% of normal capacity in two
of its departments during the year. It operated 120% times
20,000 normal capacity direct labor nursing hours in routine
services and it operated 120% times 20,000 normal capacity
equipment hours in the laboratory. The lab allocates overhead
by measuring minutes and hours the equipment is used; thus
equipment hours.
Assumptions:
For Routine Services Nursing:
•
5. 20,000 hours × 120% = 24,000 direct labor nursing hours.
•
Budgeted Overhead at 24,000 hours = $42,000 fixed plus $6,000
variable = $48,000 total.
•
Actual Overhead at 24,000 hours = $42,000 fixed plus $7,000
variable = $49,000 total.
•
Applied Overhead for 24,000 hours at $2.35 = $56,400.
For Laboratory:
•
20,000 hours × 120% = 24,000 equipment hours.
•
Budgeted Overhead at 24,000 hours = $59,600 fixed plus
$11,400 variable = $71,000 total.
•
Actual Overhead at 24,000 hours = $59,600 fixed plus $11,600
variable = $71,200 total.
•
Applied Overhead for 24,000 hours at $3.455 = $82,920.
Required
1.
Set up a worksheet for applied overhead costs and volume
variance with a column for Routine Services Nursing and a
second column for Laboratory.
2.
Set up a worksheet for actual overhead costs and budget
6. variance with a column for Routine Services Nursing and a
second column for Laboratory.
3.
Set up a worksheet for volume variance and budget variance
totaling net variance with a column for Routine Services
Nursing and a second column for Laboratory.
4.
Insert input data from the Assumptions.
5.
Complete computations for all three worksheets.
Example 17B
Review the “Sensitivity Analysis Overview” section and
Figure 17–5
in
Chapter 17
.
Assignment Exercise 17–2: Three-Level Revenue Forecast
Three eye-ear-nose-and-throat physicians decide to hire an
experienced audiologist in order to add a new service line to
their practice.
*
They ask the practice manager to prepare a three-level volume
forecast as a first step in their decision-making.
Assumptions: for the base level (most likely) revenue forecast,
assume $200 per procedure times 4 procedures per day times 5
days equals 20 procedures per week times 50 weeks per year
equals 1,000 potential procedures per year.
For the best case revenue forecast, assume an increase in
volume of one procedure per day average, for an annual
increase of 250 procedures (5 days per week times 50 weeks
equals 250). (The best case is if the practice gains a particular
managed care contract.)
For the worst case revenue forecast, assume a decrease in
7. volume of 2 procedures per day average, for an annual decrease
of 500 procedures. (The worst case is if the practice loses a
major payer.)
*Audiologists were designated as “eligible for physician and
other prescriber incentives” as discussed elsewhere. Thus the
new service line was a logical move.
Required
Using the above assumptions, prepare a three-level forecast
similar to the example in
Figure 17–5
and document your calculations.
Practice Exercise 17–II
Closely study the chapter text concerning target operating
income.
The necessary inputs for target operating income include the
following:
•
Desired (target) operating income amount = $20,000
•
Unit price for sales = $500
•
Variable cost per unit = $300
•
Total fixed cost = $10,000
Compute the required revenue to achieve the target operating
income and compute a contribution income statement to prove
the totals.
Assignment Exercise 17–3: Target Operating Income
Acme Medical Supply Company desires a target operating
income amount of $100,000, with assumption inputs as follows:
•
8. Desired (target) operating income amount = $100,000
•
Unit price for sales = $80
•
Variable cost per unit = $60
•
Total fixed cost = $60,000
Compute the required revenue to achieve the target operating
income and compute a contribution income statement to prove
the totals.
CHAPTER 18
Assignment Exercise 18–1: Estimate of Loss
You are the practice manager for a four-physician office. You
arrive on Monday morning to find the entire office suite flooded
from overhead sprinklers that malfunctioned over the weekend.
Water stands ankle-deep everywhere. The computers are fried
and the contents of all the filing cabinets are soaked. Your own
office, where most of the records were stored, has the worst
damage.
The practice carries valuable papers insurance coverage for an
amount up to $250,000. It is your responsibility to prepare an
estimate of the financial loss so that a claim can be filed with
the insurance company. How would you go about it? What
would your summary of the losses look like?
Assignment Exercise 18–2: Estimate of Replacement Cost
The landlord carries contents insurance that should cover the
damage to the furnishings, equipment, and to the computers, and
the insurance company adjuster will come tomorrow to assess
the furnishings and equipment damage. However, your boss is
sure that the insurance settlement will not cover replacement
costs. Consequently, you have been instructed to prepare an
estimate of what has been lost and/or damaged plus an estimate
of what the replacement cost might be. How would you go about
9. it? What would your summary of these losses look like?
Assignment Exercise 18–3: Benchmarking
Review the chapter text about benchmarking.
Required
1.
Select an organization: either from the Case Studies in
Chapters 27
–
28
or from one of the Mini-Case Studies in
Chapters 29
–
31
.
2.
Prepare a list of measures that could be benchmarked for this
organization. Comment on why these items are important for
benchmarking purposes.
3.
Find another example of benchmarking for a healthcare
organization. The example can be an organization report or it
can be taken from a published source such as a journal article.