Explain the role of a management control system. Identify the advantages and disadvantages of decentralization.

Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to apply overhead to jobs?

Please provide a thorough response!

Cost of Production Report: Average Cost Method

Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31:

ACCOUNT Work in Process-Roasting Department					ACCOUNT NO.
Date		Item	Debit		Credit	Balance
						Debit		Credit
Dec.	1	Bal., 16,500 units, 25% completed				67,155
	31	Direct materials, 285,500 units	659,505			726,660
	31	Direct labor	375,131			1,101,791
	31	Factory overhead	539,821.5			1,641,612.5
	31	Goods transferred, 287,900 units			?	?
	31	Bal., ? units, 75% completed				?

Required:

Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process—Roasting Department. If required, round your cost per equivalent unit answer to two decimal places.

an example of an appropriate interpersonal role carried out by a manager in an organization would be

A designing and initiating changes within the organization

B transmitting select information to subordinates

C participating in negotiating sessions with other parties vendors

D motivating subordinate to get the job done properly

Entries for Payroll and Payroll Taxes

The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.:

Salaries:				Deductions:
	Sales salaries	$275,000			Income tax withheld	$99,616
	Warehouse salaries	151,000			U.S. savings bonds	12,452
	Office salaries	140,000			Group insurance	10,188
		$566,000

Tax rates assumed:
	Social security, 6%
	Medicare, 1.5%
	State unemployment (employer only), 5.4%
	Federal unemployment (employer only), 0.8%

Required:

If an amount box does not require an entry, leave it blank.

1a. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the payroll.

Date	Account	Debit	Credit
Dec. 30

1b. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of the year, $28,000 is subject to unemployment compensation taxes.

Date	Account	Debit	Credit
Dec. 30

2a. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry on December 30 to record the payroll.

Date	Account	Debit	Credit
Dec. 30

2b. Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all $566,000 in salaries is subject to unemployment compensation taxes.

Date	Account	Debit	Credit
Jan. 5

Discuss the role of budgets in overall organization plans. Discuss the importance of people in the budgeting process.

Leo Company has identified the following overhead costs and cost drivers for next year:

Overhead Item	Expected Costs	Cost Driver	Maximum Quantity
Setup costs	$1,152,000	Number of setups	4,800
Ordering costs	320,000	Number of orders	40,000
Maintenance	1,600,000	Machine-hours	64,000
Power	160,000	Kilowatt-hours	400,000

The following is one of the jobs completed during the year:

	Job 201
Direct materials	$18,000
Direct labor	$24,000
Units completed	750
Direct labor-hours	180
Number of setups	12
Number of orders	16
Machine-hours	360
Kilowatt-hours	180

Required

Determine the unit cost for job 201 using the four cost drivers (i.e., using Activity-Based Costing).

Materials Management:

1. Identify the following as master data or transaction data

Create material master for trading goods

Create purchase order Referencing an RFQ

Extend material master for trading goods

Display purchase order

Create new vendor (supplier)

Create goods receipt for purchase order

Maintain quotation from vendors

Create invoice receipt from vendor

Post payment vendor

Display purchase order history

Create purchase requisition

Evaluate quotation on price

Display purchase order history

Display vendor line items

Display stock or requirement list                       

Display/Review G/L Account balances and individual line items

Verify physical receipt of goods

2. Identify the following as preventive or detective controls

Create material master for trading goods

Create purchase order Referencing an RFQ

Extend material master for trading goods

Display purchase order

Create new vendor (supplier)

Create goods receipt for purchase order

Maintain quotation from vendors

Create invoice receipt from vendor

Post payment vendor

Display purchase order history

Create purchase requisition

Evaluate quotation on price

Display purchase order history

Display vendor line items

Display stock or requirement list                       

Display/Review G/L Account balances and individual line items

Verify physical receipt of goods

Sales and Distribution:

1. Identify the following as master data or transaction data

Create New Customer

Create Contact Person for Customer

Create BP relationship

Create Customer Inquiry

Create Customer Quotation

Create Sales Order Referencing a Quotation

Check Stock Status

Display Sales Order

Start Delivery Process

Check Stock Status

Pick Materials on Delivery Note

Post Goods Issue

Check Stock Status

Create Invoice for Customer

Display Billing Document and Customer Invoice

Post Receipt of Customer Payment

Review Document Flow

2. Identify the following as preventive or detective controls

Create New Customer

Create Contact Person for Customer

Create BP relationship

Create Customer Inquiry

Create Customer Quotation

Create Sales Order Referencing a Quotation

Check Stock Status

Display Sales Order

Start Delivery Process

Check Stock Status

Pick Materials on Delivery Note

Post Goods Issue

Check Stock Status

Create Invoice for Customer

Display Billing Document and Customer Invoice

Post Receipt of Customer Payment

Review Document Flow

The Katy Company engages in the manufacture and sale of books worldwide. Its income statement for the year ending June 30, 2019 and selected amounts from its June 30, 2019 balance sheet follow:

Total revenue	$320,000
Cost of revenue	120,000
Gross profit	200,000
Operating expenses	50,000
Operating income or loss	150,000
Total other income, net	3,000
Earnings before interest and taxes	153,000
Interest expense	3,000
Income before tax	150,000
Income tax expense	31,500
Net Income	$118,500
Assume the marginal tax rate is 21%.
	30-Jun-19	30-Jun-19
Total operating assets	320,000	340,000
Total operating liabilities	160,000	150,000 NOPAT RNOA NOPM Interpret the meaning of these three amounts as it applies to Katy Company.

Degreed accountants have the opportunity to obtain certifications in the accounting career field that they choose. Research and describe the types and requirements of certifications that are available. How do XBRL, blockchain, and internet privacy/security influence these professions?

A loan is taken out for $25,000 from ACME Credit Union at 9% APR, compounded monthly. The loan is to be repaid in equal monthly payments over a 5-year period.

Find the:

1) loan payment amount,

2) interest payment in the 25th period,

3) principal payment in the 25th period,

4) the unpaid principle after the 25th payment,

5) and the loan pay-off amount at the end of the 25th period

Your local athletic center is planning a $1.32 million expansion to its current facility. This cost will be depreciated on a straight-line basis over a 20-year period. The expanded area is expected to generate $624,000 in additional annual sales. Variable costs are 38 percent of sales, the annual fixed costs are $79,400, and the tax rate is 25 percent. The athletic center paid $125,000 on a feasibility study and estimates interest expenses to be $65,000 per year. The expansion of the athletic center will reduce the metered parking area and the athletic center will lose $32,000 annually from the loss in parking. What is the annual operating cash flow of this project?

Lotus Ltd has identified the following overhead costs and cost
drivers for next year
Overhead Items E ( cost) $
Setups cost 90,000
Ordering Cost 50,000
Maintenance cost 150,000
Power 30,000
Cost Driver E( actual transactions)
Number of setups 400
Number of orders 4,000
Machine Hours 25,000
Kilowatt hours 75,000
The following is one of the jobs completed during the year
Job 700 Job 701
Direct materials $1200 $600
Direct Labor $900 $400
Units completed 250 100
DLH 40 20
Number of setups 2 1
Number of orders 10 4
Machine hours 50 40
Kilowatt hours 60 25
Actual overhead $2500 $1250
The company’s practical activity is 9000 DHL

REQUIRED
Part A
1. Calculate the predetermined rate for Job 700 using FBC
based on DHL for each job
2. Calculate total product cost using FBC based on DHL for
job 700
3. Calculate the unit cost of the job
4. Is the overhead over-applied or under-applied
Part B
1. Calculate the PR for job 701 using machine hours
2. Calculate the total product cost using FBC based on machine
hours for job 701
3. Calculate the unit cost
4. Is the overhead under or over-applied?

The equity sections from OnPoint Group’s 2016 and 2017 year-end balance sheets follow. Stockholders’ Equity (December 31, 2016) Common stock—$8 par value, 120,000 shares authorized, 50,000 shares issued and outstanding $ 400,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 330,000 Total stockholders’ equity $ 790,000 Stockholders’ Equity (December 31, 2017) Common stock—$8 par value, 120,000 shares authorized, 55,520 shares issued, 4,000 shares in treasury $ 444,160 Paid-in capital in excess of par value, common stock 115,200 Retained earnings ($64,000 restricted by treasury stock) 590,000 1,149,360 Less cost of treasury stock (64,000 ) Total stockholders’ equity $ 1,085,360 The following transactions and events affected its equity during year 2017. Jan. 5 Declared a $0.60 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 per share cash dividend, payable on April 10. July 5 Declared a $0.60 per share cash dividend, payable on July 10. July 31 Declared a 12% stock dividend when the stock’s market value was $18 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10. need to find solve the general journal, general ledger, trial balance, cash dividends, and stock dividend