Reference no: EM13764128
Question 1: List and describe the four standards in the IMA's Statement of Ethical Practice. As part of your answer, be sure to provide an example of an action that violates the standard.
Question 2: Consider the following information, prepared based on a monthly capacity of 50,000 units:
|
Category
|
Cost per Unit
|
|
Variable manufacturing costs
|
$12.00
|
|
Fixed manufacturing costs
|
$1.00
|
|
Variable marketing costs
|
$3.00
|
|
Fixed marketing costs
|
$2.00
|
Capacity cannot be added in the short run and the firm currently sells the product for $20 per unit.
Consider each of these scenarios independent of each other.
a) The company is currently producing 50,000 units per month. A potential customer has contacted the firm and offered to purchase 10,000 units this month only. The customer is willing to pay $18 per unit. Since the potential customer approached the firm, there will be no variable marketing costs incurred. Should the company accept the special order? Why or why not?
b) The company is currently producing 40,000 units per month. A potential customer has contacted the firm and offered to purchase 10,000 units this month only. Since the potential customer approached the firm, there will be no variable marketing costs incurred. What is the minimum amount that the firm should be willing to accept for this order?
Question 3: Consider the following information:
|
|
Q1
|
Q2
|
Q3
|
|
Beginning inventory (units)
|
0
|
J
|
1,100
|
|
Budgeted units to be produced
|
20,000
|
20,000
|
20,000
|
|
Actual units produced
|
19,000
|
20,600
|
Q
|
|
Units sold
|
A
|
20,600
|
R
|
|
Variable manufacturing costs per unit produced
|
$150
|
$150
|
$150
|
|
Variable marketing costs per unit sold
|
$20
|
$20
|
$20
|
|
Budgeted fixed manufacturing costs
|
$500,000
|
$500,000
|
$500,000
|
|
Fixed marketing costs
|
$200,000
|
$200,000
|
$200,000
|
|
Selling price per unit
|
$300
|
$300
|
$300
|
|
Variable costing operating income
|
B
|
$1,978,000
|
S
|
|
Absorption costing operating income
|
C
|
K
|
$1,859,000
|
|
Variable costing beginning inventory ($)
|
D
|
$165,000
|
T
|
|
Absorption costing beginning inventory ($)
|
E
|
L
|
U
|
|
Variable costing ending inventory ($)
|
F
|
M
|
$75,000
|
|
Absorption costing ending inventory ($)
|
G
|
N
|
$87,500
|
|
PVV
|
H
|
O
|
V
|
|
Allocated fixed manufacturing costs
|
I
|
P
|
$480,000
|
There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.
Complete the missing figures from the above Table. You need to show your work in order to be eligible for partial credit.
|
Q1
|
Q2
|
Q3
|
|
A
|
J
|
Q
|
|
B
|
K
|
R
|
|
C
|
L
|
S
|
|
D
|
M
|
T
|
|
E
|
N
|
U
|
|
F
|
O
|
V
|
|
G
|
P
|
|
|
H
|
|
|
|
I
|
|
|
Question 4:
a) What is the goal of the EOQ model?
b) Why does a firm hold "safety stock?"
c) What costs are a firm trying to balance when it decides on how much safety stock to hold?
Question 5: What are some accounting changes that a firm should make if it decides to implement a JIT inventory management system? Why are those changes necessary?
Question 6: What is the justification for using backflush costing?
|
Impact on criminal procedure by the courts
: Write a 1,400- to 1,750-word paper in which you describe the key elements of the rights guaranteed by the Fourth, Fifth and Sixth Amendments and their impact on criminal procedure by the courts and police officers
|
|
Explain to teacher how the classroom equipment supports
: Explain to your collaborating teacher how the classroom equipment supports not only your students who have sensory deficits, but may also assist others in the classroom.
|
|
Prepare a multiple-step income statement
: Prepare a multiple-step income statement. Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings/results.
|
|
The advantages of solving disputes at the project level
: Assignment: Safety Management Plan, A commercial contractor is seeking legal consultation related to their everyday activities and business operations as a whole
|
|
Standards in the ima statement of ethical practice
: List and describe the four standards in the IMA's Statement of Ethical Practice. As part of your answer, be sure to provide an example of an action that violates the standard.
|
|
What safety plans should be referred to in given situation
: What contract documents and safety plans should be referred to in the given situation
|
|
Complete individual challenges to develop player attributes
: Complete individual challenges to develop your player attributes ,fifa coins ps3 and win glory for the squad while competing against friends to develop the best player.
|
|
Summarize the facts and findings of the case
: Summarize the facts and findings of the case. Discuss these facts and findings and relate them to your experience and intended career path
|
|
Software development methodologies
: Process-centered review of object oriented software development methodologies, ACM Computing Surveys (CSUR), Volume 40 Issue 1, February 2008, Raman Ramsin, and Richard F. Paige.
|