You have been appointed as financial manager for MBA. The company manufactures one product and uses standard costing system.

Standard cost per unit

Material 5kg at R12 50 per unit

Labour 2 hours at R35 per hour

Factory overheads R45 per labour hour.

Actual data for the month:

Number of units manufactured 12500

Material used R811 250                                                        

Issue price of material R13 75 per kg

Calculate and explain the difference between the total actual and the total standard cost.

Suggest a course of action

In a recent study, among recently-graduated university students of the sample, only 4% of them wrote with their left hand. Yet, among grade 1 elementary-school students from the same sample, a full 20% of them wrote with their left hand. What is wrong with the conclusion from these data that writing with the left hand is bad for university success?

Chapter 10, The Interview and Assessment Process

1.You have been asked to conduct an interview for a psychiatric–mental health client.

a} What part of conducting an interview to obtain psychosocial data on a client is most difficult for you?`

b} What part of conducting an interview to obtain psychosocial data on a client is relatively easy for you?

What are your strengths as an interviewer and what skills do you need to develop?

You are working at a psychiatric–mental health facility that uses the PERSONS acronym for collecting data in the initial patient assessment.

c} Choose one of the letters of this acronym and explain the data that would be collected under that letter.

d} For your chosen area, list five questions that you would ask to elicit information from a psychiatric–mental health client.

The nurse is caring for a 39-year-old American Indian psychiatric mental health client.

e} What is the importance of assessing cultural needs in a psychiatric–mental health client?

f} What is the importance of assessing spiritual needs in a psychiatric–mental health client?

Your nursing instructor lectured on standardized tools in class today. You took good notes and you are attempting to explain these tools for a fellow nursing student who was sick and missed class.

g} What are some of the standardized tools your instructor discussed? Which healthcare professional would use the tools discussed? What are the tools used for?

h} Why do healthcare professionals use standardized tools?

As noted above, your CEO has traveled to London, UK to make a presentation to the company’s board of directors. Your company, Belleaqua, produces bottled water for consumer use in Canada. Recent negative publicity for the bottled water industry has caused your CEO to design a new bottle return policy for Belleaqua’s products. This would greatly reduce the amount of plastic currently finding its way to landfills and into the oceans. The first bottled water company to successfully launch such a program will be seen as a leader in environmental sustainability. The CEO needs to convince the board to invest $15M in developing and launching this program. This will significantly reduce corporate and shareholder earnings for 2019.

According to this plan, please design an outline of the presentation.The outline format is :

Audience:

Purpose:

Intro:

First Major Point:

1. Supporting Point One:
2. Supporting Point Two:
3. Supporting Point Three:

Second Major Point:

1. Supporting Point One:
2. Supporting Point Two:
3. Supporting Point Three:

Third Major Point:

1. Supporting Point One:
2. Supporting Point Two:
3. Supporting Point Three:

Conclusion:

Identify a large long-term care system within your community (this may be a nursing home, a home care and/or hospice agency, an assistive living organization or a continuum of care organization) and arrange to interview their senior leader or administrator.

Interview Questions:

4.     How is the long-term care industry regulated?

Question: If a hospital would like to select a good nurse, what would be the types of selection tests needed to choose the candidates: a) Mention the names of only two tests and then b) Mention one reason for choosing each of them; Also what are the types of questions that they may be asked in the interview: c) Give examples of four different types of interview questions (write examples of these sentences). d) Mention one type of interview the hospital should administer in order to interview a large number of nurses quickly.

Question: During the Covid-19 pandemic period, employees have faced many challenges or problems in their workplace, a) can you think of three problems the employees may have faced in their work due to this pandemic ? b) For each of these three challenges, mention the way/practices/functions, the HR should provide to support, help or solve these problems to the employees. c) Beside the employees level, what could be the role of the HR on the organizational level?.

Please discuss the information that should be gathered during the initial client interview, as well as the importance of the role this information can play in our representation of the client: Important information that should be gathered during the initial client interview would be background information such as employment, contact information, married with kids or not, and where the client lives. The next important piece of information would be pre-event details. This would include everything that occurred right before the event took place. Next would be event details. This would include everything that occurred during the event itself, such as time, date, place, among other details. The next part would be post-event questions. This would include any details that resulted because of the event. The importance of the initial client interview is to show the client that you and your firm are professional and are the best people to represent them for their case. The details taken down during the initial client interview can determine whether or not there is a case.

On January 1, 2019, Monica Company acquired 80 percent of Young Company’s outstanding common stock for $776,000. The fair value of the noncontrolling interest at the acquisition date was $194,000. Young reported stockholders’ equity accounts on that date as follows: Common stock—$10 par value $ 200,000 Additional paid-in capital 70,000 Retained earnings 490,000 In establishing the acquisition value, Monica appraised Young's assets and ascertained that the accounting records undervalued a building (with a five-year remaining life) by $70,000. Any remaining excess acquisition-date fair value was allocated to a franchise agreement to be amortized over 10 years. During the subsequent years, Young sold Monica inventory at a 30 percent gross profit rate. Monica consistently resold this merchandise in the year of acquisition or in the period immediately following. Transfers for the three years after this business combination was created amounted to the following: Year Transfer Price Inventory Remaining at Year-End (at transfer price) 2019 $ 30,000 $ 18,000 2020 50,000 20,000 2021 60,000 26,000 In addition, Monica sold Young several pieces of fully depreciated equipment on January 1, 2020, for $44,000. The equipment had originally cost Monica $66,000. Young plans to depreciate these assets over a 5-year period. In 2021, Young earns a net income of $220,000 and declares and pays $65,000 in cash dividends. These figures increase the subsidiary's Retained Earnings to a $820,000 balance at the end of 2021. Monica employs the equity method of accounting. Hence, it reports $160,960 investment income for 2021 with an Investment account balance of $940,160. Prepare the worksheet entries required for the consolidation of Monica Company and Young Company.