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Trident University ACC202 ? Managerial Accounting full course all module 1-5

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Question;Trident University ACC202 ? Managerial Accounting all module 1-5All cases and slpmodule 1;caseThis;first case is about reading, researching, and familiarizing yourself with the;purpose and importance of management accounting in today?s organization.;Managerial accounting is both about understanding concepts and ability to read;and analyze financial information for internal use. Accordingly, this course is;a mixture of reading, research, computations, and analysis.Reading;the background material for a basic understanding and then doing additional;research to elaborate on the ideas is the approach for this first case. Discuss;and analyze the difference between managerial and financial accounting. Pay;particular attention to:How is managerial accounting;different from financial accounting?;Comment on the different;needs and use of financial information for internal purposes.;The managerial accounting;profession and its role in today?s business environment. How has it;changed over time?;Comment on the Certified;Management Accountant (CMA) designation.;Modular;Case ExpectationsIt is;important to answer the questions above. The discussion should be three to five;pages and written in a clear and concise manner. Support your discussion with;references in APA format. You are encouraged to use Excel or other compatible;spreadsheet when computations are involved.module 1;SLPYour;specific SLP assignment for this Module is to select an organization for your;project. You may consider any of these organizations as long as you have enough;access to that organization to respond to the assignments. [Note: you will not;be asked to reveal any proprietary or confidential information in your reports.;Most of your reports will be based on your observations.]You need;only one organization. You may choose an organization among three categories;below.The business for which you;work.;A business organization for;which a close friend or relative works and to which you have access.;Any not-for-profit oriented;organization which has financial information available.;Select;your organization. Next, based on accounting knowledge of case assignment;answer questions below.Write a short description of;that organization and your relationship to it.;In your organization, how;managerial accounting is working for planning and controlling.;Indicate any specific roles;of managerial accounting compared with other organization.;Modular;SLP ExpectationsIt is;important to answer the questions above. The discussion should be two to four;pages and written in a clear and concise manner. Support your discussion with;references in APA format. You are encouraged to use Excel or other compatible;spreadsheet when computations are involved.module 2;case studyRelevant;Cost Case Behemoth Motors Corp.Behemoth;Motors Corp. (BMC) is a major manufacturer of automobiles in the United States.;BMC has decided to include a Global Positioning System navigator (GPSN) in all;of its Sports Utility Vehicles (SUV) beginning with the 2013 model year. These;models are just now being delivered and the GPSN units are manufactured in the;Detroit BMC facility. Currently and for the foreseeable future, BMC will need;8,000 GPSNs per month. The total manufacturing cost of the GSPN is $425 per;unit calculated as follows;Item;Cost;per unit;Direct;materials (purchased locally);$165;Direct;labor (6 hours @ $28 per hour);168;Factory;Floor Space Charges (16,000 sq. ft. at $2.50 per sq. ft. per month allocated;over 8,000 units per month);5;Supervisory;labor (monthly cost of $56,000 allocated over 8,000 units per month);7;General;company overhead ($640,000 per month assigned to GPSN allocated over 8,000;units per month);80;Total;Unit Cost;$425;BMC experiences;a high level of quality control over these units with only 2% of total;production failing quality control testing. 98% of all units manufactured are;installed in SUVs.Wally;Wizard, the GPSN manager, has been approached by Far East Enterprises, Ltd;(FEE) who has offered to outsource these units for MBC. FEE is a three-year-old;electronic manufacturing company located in China and has experienced;outstanding growth during that three-year period. FEE has offered to;manufacture and deliver to Detroit 8,000 GPSN units at a unit cost of $400;beginning on Jan. 1, 2013. FEE asks for a two-year contract. Under the;existing arrangement, the direct materials are all purchased locally under;month-to-month contracts. There are no future obligations under these;contracts. There are;100 direct labor employees involved in this process. These employees can be;laid off but if they are, BMC must pay a penalty of $66,000 per year to the;employees union. This penalty will continue for 4 years. There are;10 supervisors, each earning $6,000 per month, assigned to the project. If the;product is outsourced, all of these supervisors can be assigned to other;supervisory positions within BMC. If the;product is outsourced, half of the factory floor space can be used for storage;for materials that are currently stored in rented storage facilities. These;rented facilities currently cost BMC $5,000 per month. There is no alternative;use for the remaining factory floor space. The current $2.50 per sq. ft. charge;is based on the overall BMC factory costs. General;company overhead is first assigned to operating units on the basis of total;product produced and then further to produced units on a per unit basis. If the;product is outsourced, this overhead will be reassigned to other operating;divisions although total corporate overhead incurred will remain unchanged. You have;determined the following additional facts. The units manufactured by FEE will;have the same quality as those manufactured by BMC and the delivery schedule;will have the same reliability as that of BMC. Case;Assignment Task:Make a;recommendation to Wally Wizard in a 3 to 4 page paper. Be sure to support your;recommendation with the decision-making process outlined in the background;information.module 2;SLPReview;the processes in your company and identify a decision that has recently been;made or will be made in the near future in your organization. Next, please;identify at least two relevant and two non-relevant costs for this decision.;Your report should includeThe name and nature of the;organization;The activity and time period;you used;The inputs you used;Your results;Any implications from your;results;Modular;SLP ExpectationsIt is;important to answer the questions above. The discussion should be two to three;pages and written in a clear and concise manner. Support your discussion with;references in APA format. You are encouraged to use Excel or other compatible;spreadsheet when computations are involved.Mosule 3module 3;case studyManagerial;accounting emphasizes short-term profit analysis, so the income statement is;very important. Consequently, we?ll examine and discuss income statements in;this case.Keep the;analysis from the SLP in mind when addressing the questions below.Explain the main differences;between the absorption and contribution (behavioral, variable) income;statements. Will net income always be the same under the two approaches?;If not, explain the difference.;Comment specifically on why;companies feel the need to create yet another income statement in a;different format. What information can the company gleam from this approach;which is helpful as a tool in the decision making process.;Explain situations in which;break-even analysis can be a useful tool. Provide a specific example.;The;submission should be 2 to 4 pages and need to include answers to all the;questions listed above. Include references in APA format.Modular;Case ExpectationsIt is;important to answer the questions above. The discussion should be two to four;pages and written in a clear and concise manner. Support your discussion with;references in APA format. You are encouraged to use Excel or other compatible;spreadsheet when computations are involved.module 3;SLPBelow;find production and sales information for Herrestad Company. We will use this;same company for the remaining SLPs.;Product;information;Beginning;inventory;0;Units;produced;10,000;Units;sold;8,000;Selling;price per unit;$250;Variable;costs per unit;Direct;material;100;Direct;labor;50;Variable;overhead;30;Variable;selling and administrative;10;Fixed;costs;Fixed;manufacturing overhead;200,000;Fixed;selling and administrative;100,000;Herrestad;Company;Absorption;Income Statement;For the;period ending Dec. 31, 2011;Sales;$2,000,000;Cost of;goods sold;1,600,000;Gross;profit (margin);$400,000;Selling;and administrative expenses;180,000;Net;income;$220,000;Required:Prepare a;contribution margin (behavioral, variable) income statement for Herrestad;Company, compare net operating profit from a contribution margin income;statement with net income from an absorption income statement, and explain why;this difference happens. Prepare a second version assuming the selling price;per unit increases to $270 per unit.Use the;original information to:Determine the number of;units the company must sell to break even for the year?;Compute break even assuming;direct materials cost increase from $100 to $130, but all information;remains the same.;The submission;should be 2 to 4 pages and need to include answers to all the questions listed;above. Show computations, discuss the results and include references in APA;format.module 4;case studyThis case;has two separate parts.Part IHow can;activity based management and activity based costing (ABC) benefit an;organization? Specifically, address the following points.How does ABC differ from;other allocation methods?;Describe the main;characteristics of ABC.;What type of companies tends;to benefit from ABC?;Comment on a company;(research Internet) that has implemented ABC.;What type of company is it?;Was it successful?;Part IIThe below;concepts are all applied by many business in an attempt to be more efficient;and reduce costs. Create a table describing at least three of the concepts;below and how implementation may benefit an organization.Lean manufacturing;Just-in-time;Theory of constraints;Total quality control;Value chain;The;submission should be 3 to 5 pages and need to include answers to all the;questions listed above. Include references in APA format.Modular;Case ExpectationsIt is;important to answer the questions above. The discussion should be three to five;pages and written in a clear and concise manner. Support your discussion with;references in APA format. You are encouraged to use Excel or other compatible;spreadsheet when computations are involved.module 4;SLPHerrestad;Company does produce and sell two products and the details below will be used;to prepare a segmented income statement (showing the income for each product;and the total) for the company. Use ABC to allocate all fixed costs to the two;products.;Background;information;Total;Prod A;Prod B;Beginning;inventory;0;Units;produced;10,000;2,500;7,500;Units;sold;8,000;2,000;6,000;Selling;price per unit;$255;480;180;Variable;costs per unit;Direct;material;100;280;40;Direct;labor;60;60;60;Variable;overhead;25;40;20;Variable;selling and admin. exp.;10;13;9;Fixed;costs;Fixed;manufacturing overhead;200,000;Fixed;selling and administrative;100,000;Production;runs (not $);100;65;35;Number;of sales reps (not $);25;15;10;Here are;the first few lines of the segmented income statement to help you get started.;Complete the statement in good format and make sure you allocate the fixed;costs to the two products. When done, comment on the information and the;relative profitability of the two products.;Herrestad;Company;Segmented;Income Statement;For the;period ending Dec. 31, 2011;A;B;Total;Sales;$960,000;$1,080,000;$2,040,000;Variable;costs;Direct;material;560,000;240,000;800,000;The;submission should be 2 to 4 pages and need to include answers to all the;questions listed above. Show computations, discuss the results and include;references in APA format.module 5;case studyThe;submission should be 2 to 4 pages and need to include answers to all the;questions listed above. Include references in APA format.This case;has two parts.Part IWe have;learned about the basic ideas of managerial accounting during the first two;modules. Let?s try to apply this knowledge and review a sample budget for a charter school. This budget;is prepared assuming three levels of student enrollment (66, 100 and 120).;Revenue and expenses projections are shown in the budget. Operating assumptions;are shown in ?Schedule A?.The first;requirement of this case relates to the planning function of a budget. Comment;on the following relating to the charter school budget:-(1) Is;this a static or flexible budget?(2) What;is total revenue (excluding grants) per student?(3) What;are total expenses per student?(4) Do;all expenses seem necessary?(5) Is;this school viable? How many students does the school need to break even (show;your calculations with analysis and state your assumptions for break-even)?(Note;For break even analysis ? Ignore revenue received as ?Grants? and ?Startup;Costs? (Schedule A).(6) What;are the general benefits of preparing this budget?(7);Discuss how this budget is likely to be used for the control function.Part IIThe;second requirement of this case relates to the control function of a budget.;Use the background material and Internet to answer the following questions.(1);Variance analysis is a traditional tool used for planning and control. Comment;on advantages and disadvantages of using this approach for performance;evaluations.(2) Do;you have any suggestions for complementary or alternative performance measures?module 5;SLPDifferential;analysis involves knowing which costs are relevant, i.e. future costs that vary;among alternatives. It is important to know what information to use and not;just how to execute the analysis.Herrestad;Company receives an offer to make a new product, called C, for a new customer.;The customer wants to buy 1,000 units. Product C has the same cost structure as;product B with three exceptions. The new customer is only willing to pay $150;per unit, direct materials costs will decrease by $12 per unit and Herrestad;does not have to incur any variable selling and administrative expenses.Make a list of the expenses;and amounts that are relevant for this decision. How much with the sale of;this product contribute to the profitability of Herrestad?;What if the company only;pays $140 per unit? How does this change the contribution towards;profitability?;If you were the manager;would you accept this order? What considerations, other than financial;would enter into your decision?;This is a;Signature Assignment for ACC202 Module 5 SLP.There are;2 specific learning outcomes: 1) apply business theories, models, and concepts;to guide analysis of problems and situations and 2) utilize data driven;analysis in making business decisions.In this;SLP assignment for Module 5 our emphasis will be on understanding the concept;of relevant costs. You will be summarizing all of what you learned the in the;Cases, SLPs and TDs.The;grading rubric below has been developed to measure student success in meeting;the ACC202 Module 5 SLP expectations related to applying your knowledge of;relevant costs in the budget process.;Assignment;Expectation;Weak;(1);Marginal;(2);Adequate;(3);Strong;(4);Organization;10%;Demonstrates;the ability to analyze content logically, concisely, and in an appropriate;manner to understanding of relevant costs.;There;is no logical sequence of information. Wording is rambling and unfocused.;Paper;does not follow a logical sequence.;Paper;follows a logical sequence. There are some minor problems with sub-classification;and/or results are not clear.;Paper;follows a logical sequence with a correct computation and results. Each cost;relates to others in a carefully organized framework.;Demonstrates;the ability to support a central point or viewpoint throughout the paper.;Insufficient;elaboration and/or support (e.g., computation, each activity) in the paper.;Limited;elaboration and/or support in the paper.;Support;with some specific details and elaboration in the paper.;Support;through both specific details and elaboration apparent in the paper.;Content;70%;Demonstrates;familiarity with the concept of relevant costs.;The;purpose is not identified, is unclear, or inappropriate in the paper.;Purpose;is occasionally unclear in the paper.;Clear;purpose, but not consistently sustained throughout the paper.;Clear;purpose sustained throughout the paper.;Demonstrates;the ability to gather and sort relevant costs in the budget process.;Does;not have a grasp of information and appropriate data. Topic is poorly;created. Supporting explanations are absent or vague. Trite ideas and/or;unclear wording reflect a lack of understanding of topic.;Seems;uncomfortable with information and data. Topic is evident but with little or;no elaboration.;Seems;comfortable with the accounting information and data. Topic is evident with;some supporting details.;Demonstrates;full knowledge of the topic with explanation and elaboration. The topic is;well developed, effectively supported, and appropriate for the assignment.;Critical thinking is clearly and creatively expressed. Data choices are well;thought out.;Delivery;20%;Demonstrates;the ability to use appropriate word choice and grammar in the paper.;There are;many sentences with grammatical errors. Some sentences are;incomplete/halting, and/or vocabulary is somewhat limited or inappropriate.;There;are a few sentences that are complete and grammatical. Word choice is not;always appropriate for presentation.;Sentences;are generally complete and grammatical, and they flow together easily. With a;few exceptions, words are chosen for their precise meaning.;All;sentences are complete and grammatical, and they flow together easily. Words;are chosen for their precise meaning. Word choice illustrates grasp of;content and enhances explanation.;Demonstrates;the ability to make an effective explanation outline that is free from bias.;Words;chosen for an explanation are inappropriate and exhibits bias. Some readers;may be confused.;Words;chosen for the paper are free from bias with one or two minor exceptions.;Words;have no apparent bias. There is some inappropriate explanation.;Words;and explanation are completely free from bias.;Post your;assignment to CourseNet.SLP 5;Assignment ExpectationsDemonstrate familiarity with;the concept of relevant costs.;Write 2-4 pages, showing;computations and discussing the results.;List supporting references;and cite sources.;Use appropriate writing;style (organization, grammar, & spelling - see Writing Guidelines).;="msonormal">

 

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