Questions
Read the scenario below, and address the subsequent requirements. Emma is the plant manager of an...

Read the scenario below, and address the subsequent requirements.

Emma is the plant manager of an electronics company. Plant managers are paid a salary and get an additional bonus equal to 5% of their base salary if their division meets or exceeds target profits for the year. The bonus is determined after the company’s annual financial report has been prepared and issued to shareholders.

Emma’s division uses a process costing system where the estimate of the percentage completion of ending work in process inventories affects the unit costs of finished goods and therefore the cost of goods sold. (All units completed and transferred out of the final processing department were sold.)

Emma just received preliminary profit figures for her division which show it is within $200,000 of making the year’s target profits. To earn her bonus, Emma simply needs to convince James, her lead production supervisor, to increase the estimate of the percentage complete of ending work in process inventory. James has already submitted the percentage completion figures to corporate headquarters.

In your post, address the following questions:

  1. What are the ethical issues in this process costing environment? What are the risks?

  2. Do you think Joe should go along with Emma's request to alter estimates of the percentage completion? Why or why not?

In: Accounting

Creighton Corporation is a one product company and has provided the following information related to their...

Creighton Corporation is a one product company and has provided the following information related to their product.

Sales price per unit

$60

Units produced and sold

2,000

Manufacturing cost:

Variable manufacturing cost per unit

$20

Fixed manufacturing cost per unit

12

Selling and Administrative cost:

Variable S&A cost per unit

10

Fixed S&A cost per unit

6

REQUIRED

  1. Prepare a Contribution format income statement for Creighton Corporation.
  2. Calculate the break-even point in dollar sales.
  3. How many units does Creighton have to sell to achieve a target profit of $50,000.
  1. Calculate the margin of safety percentage.
  2. Use the degree of operating leverage to calculate the estimated percent increase in net operating income given a 15% increase in sales.

In: Accounting

Fairfax CPA Consultants, (FCC), LLC., firm uses a job costing system with a predetermined indirect cost...

  1. Fairfax CPA Consultants, (FCC), LLC., firm uses a job costing system with a predetermined indirect cost allocation rate computed as a percentage of direct labor costs. The managing consultant prepared the following plan, or budget, for the year:

Direct labor hours (professionals)………………….15,000 hours

Direct labor costs (professionals)………………….$2,250,000

Office rent……………………………………………..$250,000

Support staff salaries………………………………..$310,000

The managing consultant estimated that this job will require about 250 direct labor hours.

Required:

  • Compute FCC’s hourly direct labor cost rate
  • Compute FCC’s indirect cost allocation rate
  • Compute the predetermined cost for the job
  • If FCC earns profit equal to 30% of total direct labor cost, what is the total cost of the job including profit?

In: Accounting

You want to raise your markup percentage but your can't raise prices and your vendors won't give you a lower cost. What should you do?

You have the following purchases by item

Item                                  Total Retail             Total Cost

T-Shirts                        956                          398

Caps                              456               219

Scarfs                     195                  100

Flags                       270                 200

Mugs                             211                     100

You want to raise your markup percentage but your can't raise prices and your vendors won't give you a lower cost. What should you do?



Sell more T-shirts to change the mix



Sell more flags to change the mix



There is nothing you can do if you can't raise prices or get a lower cost from your vendors.



Run more 50% off sales



None of the above

In: Finance

Demand for an item is 18644 units per year. Each order placed costs $94. The annual carrying cost percentage per item in inventory is 20 percent each.

Demand for an item is 18644 units per year. Each order placed costs $94. The annual carrying cost percentage per item in inventory is 20 percent each. The variable purchase cost is $2.5 per unit if less than 3000units will be ordered, $ 2.4 from 3000 units up to (but not including) 4000 units, and $2.3 for at least 4000 units. These are all-units discounts.

(A) What is the optimal order quantity Q* for the unit cost of $2.3? Please round to a whole number.

(B) Is this quantity realizable/feasible? Please answer 'Yes' or 'No'.

(C) What is the optimal realizable/feasible total annual cost at a unit cost of $ 2.3? Please round to a whole number.

(D) What is the optimal order quantity Q* for the unit cost of $2.4? Please round to a whole number.

(E) Is this quantity realizable/feasible? Please answer 'Yes' or 'No'.

(F) What is the optimal realizable/feasible total annual cost at a unit cost of $2.4? Please round to a whole number.

(G) What is the optimal order quantity Q* for the unit cost of $2.5? Please round to a whole number.

(H) Is this quantity realizable/feasible? Please answer 'Yes' or 'No'.


In: Operations Management

In a typical ailing economy, the Central Bank employed an expansionary Monetary Policy as a measure to boost economic activities.


In a typical ailing economy, the Central Bank employed an expansionary Monetary Policy as a measure to boost economic activities. However, people at large are holding on to money and reluctant to park them into the bank. In addition, the commercial banks are keeping very high excess reserves in view of current unfavourable economic condition.

In your opinion, do you think the Monetary Policy executed can uplift the economy? You may explain based on your understanding about Monetary Base and Money Multiplier.

In: Economics

PRIMARY REASON FOR NOT RETURNING Golden Palm Palm Royal Palm Princess price 32 27 37 location...

PRIMARY REASON FOR NOT RETURNING Golden Palm Palm Royal Palm Princess
price 32 27 37
location 39 13 18
Accommodations 25 15 14
Other 23 8 8

I wanted to know what Kind of Anova do I run for those two tables. and how my anova would look like.

Choose hotel Again Golden Palm Palm Royal Palm Princess
yes 133 201 179
No 32 89 66

In: Statistics and Probability

PRIMARY REASON FOR NOT RETURNING Golden Palm Palm Royal Palm Princess price 32 27 37 location...

PRIMARY REASON FOR NOT RETURNING Golden Palm Palm Royal Palm Princess
price 32 27 37
location 39 13 18
Accommodations 25 15 14
Other 23 8 8

I wanted to know what Kind of Anova do I run for those two tables. and how my anova would look like.

Choose hotel Again Golden Palm Palm Royal Palm Princess
yes 133 201 179
No 32 89 66

In: Statistics and Probability

QUESTION NO 1 A)For the following given research title come up with the research hypothetical model,...

QUESTION NO 1

A)For the following given research title come up with the research hypothetical model, describe specifically about dependent and independent variables? (100 Words)

• The impact of sleep deprivation on stress at workplace and employee performance

. • The impact of video games on child behavior and their mental health.

• The impact of flexible environment on employee motivation and his performance at workplace.

•Consumer Buying Behavior in Shopping Stores: Impact of Store Dimensions and Demographics

. • Effects of Coaching and Mentoring On Employee Performance in The Uk Hotel Industry.

In: Economics

Exercise 12.7 Rivalry and excludability For each of the following goods or bads, decide whether they...

Exercise 12.7 Rivalry and excludability

For each of the following goods or bads, decide whether they are rival and whether they are excludable, and explain your answer. If you think the answer depends on factors not specified here, explain how.

A free public lecture held at a university lecture theatre

Noise produced by aircraft around an international airport

A public park

A forest used by local people to collect firewood

Seats in a theatre to watch a musical

Bicycles available to the public to hire to travel around a city

In: Economics