Sales and Production Budgets

Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget:

a. Prepare a sales budget.

b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,684 tons in beginning work in process inventory (50% complete) on October 1. During October, 66,800 tons were completed. The ending work in process inventory on October 31 was 6,012 tons (80% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.

equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 6,125 tons in beginning work in process inventory (50% complete) on October 1. During October, 87,500 tons were completed. The ending work in process inventory on October 31 was 4,375 tons (90% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.

Please, I need answers for 2 questions, thank you.

Project Management in Practice South African Repair Success through Teamwork

When a fire broke out in the carbonate regeneration column in a major facility of Sasol, a leading South African coal, chemical, and crude-oil company, it was crucial to get it fixed immediately. It was deter- mined that the damaged portion of the 19-foot-wide, 231-foot-long column would have to be cut out and replaced before the facility could operate again. Time was of the essence, and only 40 days were allowed for the repair project. To achieve this unheard-of schedule, a number of special ground rules were established: • The project is to be schedule-driven, not cost-driven • There is no float anywhere on the project • Always plan to reduce scheduled times, not meet them • Resources are not to be considered as a limitation • Communication will be continuous across all levels • Safety will not be compromised • Quality will not be compromised In addition, special effort was directed toward making the project team strive to reduce time on the project. First, it was made clear that a higher premium would be placed on team performance than on individual performance. The “soft” aspects of management were always taken into consideration: making sure transport was available, accommodations were acceptable, food was available, excessive over- time was avoided, communication forms matched each member’s preferences (verbal, phone, written, etc.), and so on. A communication board was installed and updated twice daily to communicate project progress, and especially time saved on the schedule with the person’s name who achieved it. There were both twice-daily shift change meetings, where each shift communicated with the previous shift about progress and problems, and twicedaily planning meetings where the work activities of the next two days were planned in minute detail. The response to this level of project team attention was overwhelming. People raised ideas for saving even five minutes on the schedule. Enthusiasm for the project, and saving project time, became the dominant culture. As a result, the project was completed in only 25 days, 15 days early, with a corresponding cost savings of over $21 million out of an $85 million budget.

1. What are the main lessons learned from reading this case?

2. What does it mean ‘soft’ aspects of management

• On October 1, 2020, Philly Company purchased inventory from a German supplier for 80,000 Euros due on January 31, 2021.
• Simultaneously, Philly entered into a forward contract for 80,000 Euros for delivery on January 31, 2020.
• Payment was made to the foreign supplier on 1/31/2021.
• Spot rates on October 1, December 31, and January 31, were $1.62, $1.51, and $1.45, respectively.
• Forward rates on October 1 and December 31 were $1.33 and $1.39 respectively.

Required: Prepare all journal entries related to the above transactions on October 1, 2020, December 31, 2020, and January 31, 2021.

China Pacific manufactures a variety of natural fabrics for the clothing industry in a neighborhood of Shanghai. The following data pertain to the month of October 20X5.

WIP inventory, October 1 25,000 units

DM: 60% complete $57,000

Conversion: 30% complete $45,000

Costs incurred during October

DM: $736,000

Conversion: $1,094,950

During October 175,000 units were completed and transferred out. At the end of the month, 30,000 units (direct materials 80% complete and conversion 40% complete) remain in WIP inventory.

1. Calculate EU, cost per EU, cost of units transferred out, and cost of WIP ending inventory

5. In a 2011 National Institute on Alcohol Abuse and Alcoholism survey, 33% of American adults said that they had never consumed alcohol. Suppose that this result is true for the 2011 population of American adults. In a recent random sample of 2300 adult Americans, 35% said that they had never consumed alcohol. Test the hypothesis that the current percentage of American adults who have never consumed alcohol is different from 33%. What is your conclusion if the significance level is 5%?

A nutritionist is interested in determining the percentage of American adults who eat salad at least once a week. She takes a random sample of 200 American adults and finds that 176 of them eat salad at least once a week. Find a 95% confidence interval for the true proportion of American adults who eat salad at least once a week. Due to the different methods, round OUT and give 2 decimal places. Select the best possible answer.

USA's different cultural and institutional profiles compared to the United Kingdom.

One North American employee is coming to work in your organisation in United Kingdom, you are the manager of your organisation in the United Kingdom.

A. Put together a report advising about cultural differences that the North American may have coming to work in the United Kingdom, and the differences in the institutional business environment.

B. What challenges may arise for the manager in the United Kingdom, dealing with a North American?

Write an essay about the topic "Medical epidemics and quarantining" in 350 words.