Question;WEEK 1....ABC Journey (graded)Read the assigned article on the ABC Journey by Taikonda. What are your thoughts on the ABC Readiness and Implementation?This section lists options that can be used to view responses.Workout Room (graded)This week we will work and discuss several of the following problems from Chapter 5: 5-29 to 5-41.This section lists options that can be used to view responses.Problem 5-291. Why is it important for Wigan Associates to understand the costs associated with individual jobs? It is important because to correctly allocate the cost for labor and indirect costs you have to be able to identify which job was more expensive then the other based on the amount per hour.Exercise 5-32, 1. Calculate the budgeted cost per unit for fighter jets and cargo planes based on a single plant-wide overhead rate, if total overhead is allocated based on total direct costs.I took a shot at part one of Problem 5-345-34Choosing cost drivers, activity-based costing, activity-based management. Annie Warbucks runs a dance studio with childcare and adult fitness classes. Annie?s budget for the upcoming year is as follows: Other budget information follows:Annie Warbuck?s Dance Studio Budgeted Costs and Activities For the Year Ended June 30, 2010Dance teacher salaries$62,100Child care teacher salaries24,300Fitness instructor salaries39,060Total salaries$125,460Supplies (art, dance accessories, fitness)21,984Rent, maintenance, and utilities97,511Administration salaries50,075Marketing expenses21,000Total$316,0301. Determine which costs are direct costs and which costs are indirect costs of different programs.Direct CostsIndirect CostsDance Teacher SalariesSuppliesChild Care Teacher SalariesMarketing ExpensesFitness Instructor SalariesRent, Maintenance, and UtilitiesModified:10/30/2014 8:47 AM1. Compute the 2011 gross-margin percentage for each of Pharmacare?s three market segments.The gross-margin percentage is calculated using the following formula: [(Revenue ? Cost of goods sold) ? Revenue]RevenueCOGS Gross Margin ProfitGeneral Supermarket Chains$ 3,708,000.00$ 3,600,000.00 3%Drugstore Chains$ 3,150,000.00$ 3,000,000.005%Mom-and-Pop Single-Store Pharmacies$ 1,980,000.00$ 1,800,000.00 9%1. Compute the costs of Widnes and St. Helen's cases using Partner and Associates Direct Cost and Indirect Cost categories:Direct CostsWidnes - 104 hrsSt. Helens - 96 hrsTotal - 200 hrsPartner @ $100/hr$2400$5600$8000Associate @ $50/hr$4000$2000$6000Research Support labor$1600$3400$5000Computer time$500$1300$1800Travel and Allowances$600$4400$5000Telephones/faxes$200$1000$1200Photocopying$250$750$1000Total Direct Costs$9550$18450$28000Indirect CostsPartner @$57.50$1380$3220$4600Associate @ $20$1600$800$2400Total Indirect Costs$2980$4020$7000Total Costs$12530$22470$350002. This multiple direct-cost categories and multiple indirect-cost categories approach can assist Wigans when they decide how much to bid on a new project. Understanding the level of expertise needed on a new case will allow them to allocate the appropriate number of partners and associates to the case, and determine how many labor hours each will need to complete the work. This approach is a very accurate way of estimating how much of their resources will be needed to complete the client work.2. What is the budgeted cost of unused capacity.WEEK 2Flexible versus Static Budgets (graded)Why would managers find a flexible budget superior to a static budget, anyone?This section lists options that can be used to view responses.Workout Room (graded)This week we will work and discuss several of the following problems from Chapter 6: 6-28 to 6-41, and Chapter 7: 7-30 to 7-42, and chapter 8: 8-29 to 8-42. Choose one to begin our discussion this week!WEEK 3Relevant Costs (graded)Discuss Relevant Costs. Why are historical costs irrelevant?This section lists options that can be used to view responses.Relevant Costs (graded)Discuss Relevant Costs. Why are historical costs irrelevant?This section lists options that can be used to view responses.WEEK 4Accounting for Primary Products (graded)What are your impressions from this article? What did you gain in understanding from the materials and examples presented?Workout Room (graded)This week, we will work several practice problems from Chapter 16: 16-26 to 16-37 inclusive.WEEK 5Pricing Decision (graded)Relevant costs for pricing decisions are the full costs of the product. Do you agree? Explain.Workout Room (graded)This week, we will work several practice problems from Chapter 12: 12-26 to 12-37, and Chapter 22: 22-27 to 22-36 inclusive.WEEK 6Evaluating Managers (graded)The discussion this week is in relation to evaluating managers based on budgets. What are your thoughts on this issue?Workout Room (graded)This week, we will work several practice problems from Chapter 14: 14-27 to 14-39, and Chapter 21: 21-27 to 21-38 inclusive.This section lists options that can be used to view responses.WEEK 7Quality and Performance (graded)Companies should focus on financial measures of quality because these are the only measures of quality that can be linked to bottom-line performance. Do you agree? Explain.Workout Room (graded)This week, we will work several practice problems from Chapter 19: 19-27 to 19-39, and Chapter 20: 20-26 to 20-36 inclusive.
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