Mental Health provides counseling and stress management programs for overworked students.

Fixed costs are: rent for the building (that includes utilities and maintenance); and the Director's salary. These total $20,000 per month.

Each counseling session uses 60 minutes of therapist time and $3 in materials. Each stress management session uses 20 minutes of trainer time and $3 in materials.

Mental Health hires therapists and trainers on a freelance contract bases and does not provide them any benefits. The hourly wage rate for therapists is $40 per hour and stress management trainers is $30 per hour. They are paid for actual services rendered.

At the end of December 2019, the Director projected they would sell 1000 counseling sessions at $120 each and 10,000 stress management sessions at $25 each in 2020.

A) Complete The Here For You Clinic Annual Static (Projected) Budget for 2020 below

Revenue

Total Cost

Profit

Revenue Breakdown

Counseling Services

Stress Management Services

Cost Breakdown

         Fixed cost

Counselor services

Stress Management Trainer Services

          Supplies

Jump into your time machine and fast forward to December 31. As 2020 comes to a close, the director sees that they actually provided 1000 counseling services. 100 of those services were provided during their “Holidays in July” promotion offering the sessions for $75 each. The remainder were sold at full price.

Actually provided 12,500 stress reduction sessions. 4,000 of these were sold during the July promotion at $15 each. The remainder were sold at $25.

Therapist and stress trainer contracted hourly rates remained the same throughout the year. The spending on fixed costs were exactly as projected.

B)   What is Mental Health's flexible budget amount for: revenue, fixed cost, supplies, counselors, and stress trainers?

C) What is Mental Health's actual revenue, total cost, variable cost and profit?

D) Examine the Revenue Variance. What is the total Revenue Variance? What is the Revenue Price Variance? What is the Revenue Volume Variance?

E) Examine the Cost variance. What is the total Cost Variance? Of the Variable Cost variance, what is the Volume variance and what is the Management variance?

F) Interpret Mental Health's budget variance results for 2020. What contributed most to the change in profit? What recommendations would you make for 2021?

Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places.)

  
Required

4.2 Based on your results in part 4, should the profit or loss per unit for each product influence company strategy?

• No

• Yes

A ​Juarez, Mexico, manufacturer of roofing supplies has developed monthly forecasts for a family of products. Data for the​ 6-month period January to June are presented in the table below. There are 8 hours of production per day.

​a) The firm would like to begin development of an aggregate plan. For this​ plan, plan​ 5, the firm wishes to maintain a constant workforce of 6​, using subcontracting to meet remaining demand. Evaluate this plan.

To determine whether this plan is​ desirable, first calculate demand per day for each month ​(enter your responses rounded to the nearest whole​ number).

The production rate per day = _____ units. ​(Enter your response as a whole​ number.)

Fill in the table below. ​(Enter your responses as whole​ numbers.)

The total regular production cost=​ $ ______ ​(Enter your response as a whole​ number.)

The total subcontracting cost =​ $ ______ (Enter your response as a whole​ number.)

Total cost with plan 5​ = ​$ ______ (Enter your response as a whole​ number.)

​b) Juarez has yet a sixth plan. A constant workforce of 7 is​ selected, with the remainder of demand filled by subcontracting. Evaluate this plan.The production rate per day = ______ units. ​(Enter your response as a whole​ number.)

Fill in the table below. ​(Enter your responses as whole​ numbers.)

The total regular production cost =​ $ ______ ​(Enter your response as a whole​ number.)

The total subcontracting cost =​ $ _______ (Enter your response as a whole​ number.)

Total cost with plan 6 =​ $ _______ ​(Enter your response as a whole​ number.)

Understand only one can be answered but I give a thumbs up for giving the extra effort.

Control of organization is achieved by evaluating the performance of:

A. man agers only:

B. Operations only:

C. managers and operations:

D. None of the above

Performance reports facilitate the use of:

A. incremental analysis

B. Man agreement by exception

C. Budgeting

D. Non-monetary data

An example of non-monetary information is the:

A. cost of materials

B. fixed costs for a period of time

C. number of product defects

D. value of the benefit forgone from selecting one alternative over another.

Which of the following is not a characteristic of managerial accounting?

A. it must comply with GAAP.

B. It Stresses future transactions

C. it emphasizes detailed information

D. It is aimed primarily at internal users.

The wages lost when you give up your job to attend school full-time is an example of

A. fixed costs

B. opportunity cost

C. Direct cost

D. Sunk cost

The cost of a machine purchased last year is an example of

A. opportunity cost

B. Variable Cost

C. Fixed Cost

D. Sunk Cost

Assume a company incurs $100,000 for total variable costs and $150,000 for total fixed costs to produce 10,000 units. What would the total cost be to produce 12,000 units?

A. $27,000

B $30,000

C. $250,000

D. $280,000

Company code of ethics aren't always a good guide to ethical behavior because.

A. they often specify what should be done.

B. they often specify what cant be done

C. they focus more on what's right than legal

D. They focus more on cost than on profit.

The top managerial accounting position is held by the:

A. CFO

B. Treasurer

C. controller

D auditor

What are the possible fates of glucose that is produced by photosynthesis?

Your research team identifies a bird species that has defective amylase. What would be the result of this defect?

Which of the following statements regarding feedback inhibition is true?

You clone a genetically-modified plant that has increased expression of amylase in the roots of a raspberry plant. What would you expect to occur?

A plant is grown in soil depleted in magnesium and potassium, but rich in phosphorous and available ground water. Which if the following would occur?   

Plants and fungi have a symbiotic (mutually beneficial) relationship in that fungi provide __________ to plants, and plants provide ___________ to fungi.

You are growing Brassica rapa plants in the lab. A mutation is introduced into a subset of plants that impairs mitochondrial function in cells. Which of the following pathways of cellular respiration would be affected?

Which of the following statements regarding noncyclic electron flow (the Z-scheme model) and cyclic electron flow are correct?

Please urgent, Patient Care Instruments uses a manufacturing costing system with one direct cost category​ (direct materials) and three indirect cost​ categories: The management of Patient Care Instruments wants to evaluate whether value engineering has succeeded in reducing the target manufacturing cost per unit of one of its​ products, HJ6, by 20​%

In response to competitive pressures at the end of 2017​, Patient Care Instruments used​ value-engineering techniques to reduce manufacturing costs. Actual information for 2017and 2018 ​is:

Catagories:

Actual results

Requirements 1 and 2. Calculate the manufacturing cost per unit of HJ6 in 2017 and then in 2018. ​(Round your answers to the nearest​ dollar.)

Requirement 3. Did Patient Care Instruments achieve the target manufacturing cost per unit for HJ6 in 2018​? Explain. Begin by computing the target manufacturing cost per unit for HJ6 in 2018. Determine the​ formula, and then complete the computation. ​(Enter any ratios used in decimal form to two decimal​ places, .XX. Round your final answer to the nearest whole​ dollar.)

Patient Care Instruments ▼ did or did not achieve its target manufacturing cost per unit.

Requirement 4. Explain how Patient Care

Instruments reduced the manufacturing cost per unit of HJ6 in 2018. Select each of the actions taken by Patient Care Instruments to reduce the manufacturing cost per unit of HJ6 in 2018. ​(Leave any unused cells​ blank.)

QUESTION 2

Dotsero Technology, Inc., has a job-order costing system. The company uses departmental predetermined overhead rates to apply manufacturing overhead cost to individual jobs. The predetermined overhead rate in Department A is based on machine hours, and the rate in Department B is based on direct labour hours. At the beginning of the most recent year (i.e., January 1, 2012), the company's management made the following estimates for the coming year:

                                                                        Department

                                                                        A                                 B

            Machine hours                                    80,000                         21,000

            Direct labour hours                             35,000                         65,000

            Direct materials cost                           $190,000                     $400,000

            Direct labour cost                               $280,000                     $530,000

            Manufacturing overhead cost             $416,000                     $720,000

Job 243 entered into production on April 1, 2012, and all 24 units of product in the job were completed on May 1, 2012. The company's cost records show the following information about the job:

                                                                        Department

                                                                        A                                 B

            Machine hours                                    350                              70

            Direct labour hours                             80                                130

            Direct materials cost                           $940                            $1,200

            Direct labour cost                               $710                            $980                       

At the end of the year (December 31, 2012), the records of Dotsero showed the following actual total cost and operating data for all jobs worked on during the year:

                                                                        Department

                                                                        A                                 B

            Machine hours                                    73,000                         24,000

            Direct labour hours                             30,000                         68,000

            Direct materials cost                           $165,000                     $420,000

            Direct labour cost                               $265,000                     $510,000

            Manufacturing overhead cost             $390,000                     $740,000

Required:

1. Compute the predetermined overhead rates for Department A and Department B at the beginning of the year 2012. ( 3 marks)

2. Compute the total overhead cost applied to Job 243 during the year 2012.   ( 2 marks) (b) What was the total cost of Job 243 once the job was completed? ( 2 mark)

3. Compute the amount of under-applied or over-applied overhead in each department, and in total, at the end of the current year (December 31, 2012). Based on this analysis, comment on the apparent relative quality of this job costing system for generating useful cost information. Briefly justify your answer. ( 5 marks)

4. Return to the original data at the beginning of the question. Assume that, instead of two separate departmental overhead rates, the company uses a single plant-wide overhead application rate based on direct materials cost as the allocation base. Compute the single predetermined overhead application rate for Dotsero Company as of the beginning of the year 2012, and the amount of overhead which would be applied to Job 243. ( 3 marks)

P4.1A (LO 1, 2, 3), AP Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fi re extinguishers: (1) a home fi re extinguisher and (2) a commercial fi re extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi-purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours × (54,000 + 10,200)]. Estimated annual manufacturing overhead is $1,584,280. Thus, the predetermined overhead rate is $16.45 or ($1,584,280 ÷ 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company’s managers identifi ed six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows.

Estimated Estimated Use
Use of of Drivers by
Estimated Cost Product
Activity Cost Pools Cost Drivers Overhead Drivers Home Commercial
Receiving Pounds $ 80,400 335,000 215,000 120,000
Forming Machine hours 150,500 35,000 27,000 8,000
Assembling Number of parts 412,300 217,000 165,000 52,000
Testing Number of tests 51,000 25,500 15,500 10,000
Painting Gallons 52,580 5,258 3,680 1,578
Packing and shipping Pounds 837,500 335,000 215,000 120,000
$1,584,280

Instructions
a. Under traditional product costing, compute the total unit cost of each product. Prepare a simple
comparative schedule of the individual costs by product (similar to Illustration 4.3).
b. Under ABC, prepare a schedule showing the computations of the activity-based overhead rates (per
cost driver).
c. Prepare a schedule assigning each activity’s overhead cost pool to each product based on the use of
cost drivers. (Include a computation of overhead cost per unit, rounding to the nearest cent.)
d. Compute the total cost per unit for each product under ABC.
e. Classify each of the activities as a value-added activity or a non–value-added activity.
f. Comment on (1) the comparative overhead cost per unit for the two products under ABC, and
(2) the comparative total costs per unit under traditional costing and ABC.