Cost Behavior and Activity-Based Costing

Question Description

Medina Corporation (100 points):

Complete the following questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements.

Medina Corporation manufactures cruising bicycles and mountain bicycles. Estimated direct labor time to produce each type of bicycle is as follows:

Cruising Mountain
Estimated bicycles produced 30,000 20,000
Direct labor hours per bicycle 1 3

Estimated overhead for the two product lines = SAR 900,000

a. Compute the overhead cost assigned to each type of bicycle assuming direct labor hours is used to allocate overhead costs.
b. The controller is not satisfied with the traditional method of allocating overhead because he believes that most of the overhead costs relate to the Mountain bicycle product line because of its complexity. He therefore developed the following three activity cost pools and related cost drivers to better understand these costs.

Activity Cost Pools Expected Use of Cost Drivers Estimated Overhead Costs
Setting up machines 1,000 setups SAR 150,000
Assembling 90,000 labor hours SAR 630,000
Inspection 1,200 inspections SAR 120,000

Compute the activity-based overhead rates for these three cost pools.

c. Compute the cost that is assigned to each bicycle product line using activity-based costing system, given the following information.

Expected Use of Cost Drivers per Product

Cruising Mountain
Number of setups 150 850
Direct labor hours 30,000 60,000
Number of inspections 100 1,100

d. What do you believe the controller should do and why?
e. You must show all your work.

Responses Needed

Question Description

Prepare responses to two of your colleagues’ postings in one or more of the following ways:

  • Share a similar experience and compare your approach with that of your colleague.
  • Offer additional or alternative strategies that your colleague could consider when faced competing priorities.
  • Offer suggestions about how you might have done things in a similar situation

Be sure to support your ideas by connecting them to the week’s Learning Resources, as well as other credible resources that you have read; or what you have observed and experienced.

Learning Resources

Gallo, A. (2017). HBR’s best on saying no to more work. Harvard Business Review Digital Articles. Retrieved from: https://hbsp.harvard.edu/tu/8342cf05

Morgenstern, J. (2016). What to do when your to-do-list Is holding up your team. Harvard Business Review Digital Articles. Retrieved from: https://hbsp.harvard.edu/tu/910c73f2

Chapman, S. W., & Rupured, M. (n.d.). Time management: 10 strategies for better time management. The University of Georgia Cooperative Extension. Retrieved July 11, 2017, from http://www.fcs.uga.edu/docs/time_management.pdf

Eisenhower. (2017). Introducing the Eisenhower Matrix. Retrieved from http://www.eisenhower.me/eisenhower-matrix/

Exercise: Revision Planning

Question Description

Before you begin to revise for submission of the Document Series final draft, it’s good to think through what specific issues need to be addressed in your draft and consider all the topics discussed in the Feedback File. To help you strategically plan your revision, consider each draft individually, and respond to the following:

  1. Is the purpose of each draft clear in the content of the document?
  2. Is the content and tone of each draft tailored to the specific needs of the target audience?
  3. Describe why you chose the genre (letter, email, memo) you did for each correspondence. Given what you have learned since making that decision, do you still believe the genre you chose to be the right one for the job?
  4. Double-check your format for each genre and document. Do you need to make revisions to format?
  5. Look at the writing style you use in each document. Are your documents appropriate in tone? If you were the target audience, would you be satisfied with the document? What could you change to give the document a more effective tone?
  6. Again, look at writing style in each document. What changes need to be made to make the document more concise? Do your paragraphs have clear topic sentences? Does each paragraph have one subject?

Weekly Communications, Week 6, Assignment 6

Question Description

Weekly Communications: Provide a Eight Weekly Commutations (200 points,8 @ 25 points each). Formats on communications will vary from week to week dependent on the related instruction. Go to the assignment tab for directions for each week. Do Not Assume the Assignment will be the Same Format for the Entire Course. Refer to BUSINESS COMMUNICATIONS TODAY for background information on the selected format.
Each week you provide a form a communication to the CEO (Instructor) via CANVAS answering any questions or concern he may have.
The Assignment will be:
 Brief (1-page, 12 Font, single spaced).
 Cover the key areas and objectives of the Lessons and assigned reading.
 Provide research, opportunities and to solutions for the topic given that week.
 Be in the assigned format for that week.

Assignment Rubric Points
1. Compliance with all directions, correct format following standard grammar. 50%
2. Content was logical, well written, and demonstrated adequate topic research. 25%
3. No evidence of plagiarism. All sources properly sited. 25%
Total 100%

Week 6:
Assignment Topic: Congratulations you got the interview. Ccompose a Follow-Up-Letter for the position you applied for in the Resume / Cover letter Assignment.
Format: One Page Business Letter Format
Submit: PDF draft via CANVAS to CEO Dana Fitch for approval

Background: Position in Resume / Cover letter assignment

quiz 8 bussines law

Question Description

1. A misplaced comma can literally be the difference between life and death.

a. True b. False

2. The act of state doctrine immunizes foreign nations from the jurisdiction of U.S. courts when certain conditions are satisfied.

a. true b. false

3. A tariff is a set limit on the amount of goods that can be imported.

a. true b. false

4. Gearbox Inc., a maker of vehicle parts, refuses to sell to Motor Repair Inc., a national vehicle service firm. Gearbox convinces Cam Company, a competitor, to do the same. This is

a. a group boycott. b.a customer restriction. c. a trade association. d.a market division.

5. The Food and Drug Administration (FDA) is an executive agency. As an executive agency, the FDA is subject to the authority of

a. no government official or entity. b. the president. c. state legislatures. d. the U.S. Attorney General

6. A testamentary trust Is created by a will and comes into existence on the settlor’s death.

a. true b. false

7. For Vern’s will to be valid, he must be mentally competent at the time of

a. death. b. the acquisition of the property to be distributed under the will. c. the making of the will. d. the probate of the will.

Critical Thinking: Six Sigma (100 points) Six Sigma is a continuous improvement strategy that aids an organization in identifying, reducing, and eliminating defects from any product, process, or transaction. When using Six Sigma, a solution is not gener

Question Description

Critical Thinking: Six Sigma (100 points)

Six Sigma is a continuous improvement strategy that aids an organization in identifying, reducing, and eliminating defects from any product, process, or transaction. When using Six Sigma, a solution is not generally known at the beginning but becomes clear through use of the Six Sigma strategy. Within the first three paragraphs of a 4-5 page paper, not including the cover and reference pages, identify a problem for improvement in an organization with which you are familiar, and detail an objective or desired outcome. In the remaining pages, detail the metrics that would measure success and why those are appropriate, and explain the process for determining root causes, and what tools would be used to follow through on the steps of the Six Sigma strategy.

Be sure to use at least two scholarly, peer-reviewed reference in supporting your answer. Current sources are those published within the most recent five-year period, and scholarly sources are those from peer-reviewed journals.

Make certain for each listed reference that you have at least one supporting citation in the body of your content. Your reference page is always the last page of the submission where all individual references get listed.

Book is: McGraw_Hill_Irwin_series_in_operations

Sales management ( Discussion D)

Question Description

Discussion D: Sales Training: Objectives, Techniques and Evaluation

Welcome to the fourth discussion. In this course you will be introduced to a topic in the discussion. The first week of the module you will write about your initial thoughts after reviewing the resources. The initial post should be at least 300 words.

During the following week you will reply to at least two of your classmates. The replies should be at least 100 words. See the discussion rubric for more details on grading.

Discussions should always be completed prior to “class.” If you are in an online class or an on ground course this is prior to the lesson portion of the week. Are you ready to begin?

1. Review the following:

Read Chapter 10: Sales force Recruitment and Selection

2. Initial Post (300 words)
  • One expert contends that sales training is not at all as complicated as some would claim. He predicts that regardless of the advances in communication, resources, technology, and training tools, the basic selling skills that trainers teach salespeople will change very little from those that have been successful during the past 50 years. What will change, according to the expert, is how salespeople are trained to use these skills effectively. Do you agree with this prediction?

Why We Buy a Product, 700- to 1,050 response

Question Description

Scenario: You are sitting in your home and you pick up a package of Oreos™ (or some other product of your choosing). After realizing that you have purchased this product for years, you wonder, “Why do I feel so strongly about this product?” You remember your readings from Marketing class and decide to figure out why you feel strongly about this product using the 4 P’s of Marketing and Marketing Strategy concepts.

Develop a 700- to 1,050-word response using the scenario above and answer the following questions:

  • What is it about this product that appeals to me? Who are the people like me that are buying this product? (e.g. demographics, consumer characteristics, buyer behavior)
  • How do marketers strategically plan to market these products to me?
  • Why does the price of this product seem to be of equal value for the satisfaction that I receive when consuming/using this product?
  • How does this product get from the manufacturer to the place I can buy it?
  • What promotional activities compel me to buy this product?
  • What do the answers to these questions tell you about the presumed target market and its relation to the controllable 4 P’s of marketing?
  • What social, environmental, and regulatory forces must this product’s marketers overcome to get this product to the customer?

What strategy does your team think is most beneficial at this time in BlackBerry’s strategic planning?

Question Description

Using the Case Study Analysis Format:

In this case you will read (below) in the attachment about the mobile phone maker BlackBerry. Their device, using the text craze, and the security features of the phone, was very popular among working professionals. It was also very popular with non-professionals as a personal mobile device. The device had many competitors that were mentioned in the case. Creating and implementing an effective strategy involves using the analysis tools present in chapter 6. This holds true for any business, whether they are in the start-up phase or the maturity phase, or in this case, the survival and turnaround phase. It is even more important for businesses that must seek to continually innovate to remain competitive in an ever-changing technical world.

It is not certain if Chen’s strategy team should put forward a cost leadership strategic alternative or if they should concentrate on some kind of differentiation strategy.

Utilizing the Case Study Analysis Format as an organizing tool, perform a SWOT analysis and consider and discuss Porter’s Five Industry Forces, (Exhibit 5.7 – page 100 in text) as possibly the next step in the strategic development process. What strategy does your team think is most beneficial at this time in BlackBerry’s strategic planning?

Cost-Volume-Profit (CVP) Analysis

Question Description

You must show all your work; show the formulas and the accounting rules using Microsoft Excel

Complete the following three questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements.

Problem 1

Maintenance Maintenance
Hours Cost (SAR)
January 1,000 45,550
February 1,500 52,000
March 2,100 61,500
April 1,800 57,500
May 800 42,000
June 1,100 47,000
  1. Calculate variable cost per unit using the high-low method.
  2. Calculate fixed costs.

Problem 2

Total Per Unit Percent of Sales
Sales (40,000 units) 2,400,000 60 100%
Variable expenses 1,600,000 40 ? %
Contribution margin 800,000 ? %
Fixed expenses 500,000
Net operating income 300,000
  1. Calculate variable expense ratio.
  2. Calculate contribution margin ratio.
  3. Calculate break even sales in units (show your work).
  4. Calculate break even sales in Dollars.
  5. How many units must be sold to make a profit of SAR 200,000.

Management is considering increasing quality of its units by spending SAR 3 more per unit in variable costs and adding a quality inspector for an additional SAR 60,000 annual fixed cost. Management believes this change will increase unit sales by 10% at the same price.

  1. Calculate the new operating profit or loss.
  2. Should management make the changes?

Problem 3

GIVEN: Janitorial

Dept.

Cafeteria

Dept.

Mixing

Dept.

Baking

Dept.

Square feet 100 200 1500 3000
Employee count 20 30 80 100
Department cost (SAR) 100,000 150,000 400,000 500,000

Required:

Allocate Janitorial and Cafeteria department costs to mixing and baking departments using the direct method. Use square feet for allocating janitorial costs and number of employees for allocating cafeteria department costs.

You must show all your work.