Managerial Accounting True-False Statements II

Managerial Accounting

Managerial Accounting True-False Statements II

  1. Manufacturing costs that cannot be classified as direct material or direct labor are classified as manufacturing overhead.
  2. Raw materials are equal to direct materials minus indirect materials.
  3. Raw materials that can be conveniently and directly associated with a finished product are called material overhead.
  4. The total cost of a finished product does not generally contain equal amounts of material, labor, and overhead costs.
  5. Direct material costs and indirect material costs are prime costs.
  6. Conversion costs consist of direct labor and manufacturing overhead.
  7. Indirect materials and indirect labor are both inventoriable costs.
  8. Direct labor costs subtracted from prime costs equals manufacturing overhead costs.
  9. Total period costs are deducted from total cost of work in process to calculate cost of goods manufactured.
  10. Period costs are not inventoriable costs.

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Managerial Accounting True-False Statements

GPK Marginal Costing Structure Flow of Grenzpl...

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Managerial Accounting True-False Statements in $3.50 only

1. Reports prepared in financial accounting are general-purpose reports, whereas reports

prepared in managerial accounting are usually special-purpose reports.

2. Managerial accounting information generally pertains to an entity as a whole and is highly aggregated.

3. Managerial accounting applies to all forms of business organizations.

4. Determining the unit cost of manufacturing a product is an output of financial accounting.

5. Managerial accounting internal reports are prepared more frequently than are classified financial statements.

6. The management function of directing and motivating is mainly concerned with setting goals and objectives for the entity.

7. An organization chart in a manufacturing company replaces the chart of accounts.

8. Controlling is the process of determining whether planned goals are being met.

9. Decision-making is an integral part of the planning, directing and motivating, and controlling functions.

10. Both direct labor cost and indirect labor cost are product costs.

Bauer Industries Free Cashflow Projections

NPV vs discount rate comparison for two mutual...

Bauer Industries is an automobile manufacturer. Management is currently evaluating a proposal to build a plant that will manufacture lightweight trucks. Bauer plans to use a cost of capital of 12 to evaluate this project. Based on extensive research, it has prepared the following incremental free cash flow projections (in millions of dollars):

a. For this base-case scenario, what is the NPV of the plant to manufacture lightweight trucks?

Objective Type Costing Questions

Objective Type Costing Questions 

1. Which one of the following does not appear on the  balance sheet of a manufacturing company?

  • Raw materials inventory
  • Finished goods inventory
  • Work in process inventory
  • Cost of goods manufacture

2. Cost of goods manufactured is calculated as follows:

  • Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.
  • Direct materials used + direct labor + manufacturing overhead – beginning WIP + ending WIP.
  • Beginning WIP + direct materials used + direct labor + manufacturing overhead – ending WIP.
  • Direct materials used + direct labor + manufacturing overhead – ending WIP – beginning WIP.

3. Which one of the following is an example of a period cost?

  • A change in benefits for the union workers who work in the New York plant of a Fortune 1000 manufacturer
  • Workers’ compensation insurance on factory workers’ wages allocated to the factory
  • A box cost associated with computers
  • A manager’s salary for work that is done in the corporate head office

MGT 655 Operations Management: Manufacturing and Service Environments

 MGT 655 Operations Management: Manufacturing and Service Environments in $25 Only MGT 655 Operations Management: Manufacturing and Service Environments

Details:

A foundation of operations in both manufacturing and service environments is vital in order to drive inefficiencies and examine ways to achieve greater supply chain integration with suppliers and customers. In this assignment, you will compare one manufacturing and one service driven company through creating visual representations of how the product or service is created and delivered, accompanied by a written summary.

Select two companies of interest, one manufacturing company (e.g., a shoe company) and one service company (e.g., a technical support company). Provide a brief summary of each company including compelling evidence illustrating the company is either a manufacturing or a service company. Avoid selecting a company that could be arguably both.

Manufacturing

Two Companies Exchanged a Group of Manufacturing Equipment

Two Companies Exchanged a Group of Manufacturing Equipment in $12 onlyManufacturing Equipment

1.

Two companies exchanged a group of manufacturing equipment as follows:

ABC Company exchanged the group of equipment items, which had an appraised value of $4,800,000, a cost of $7,590,000, and accumulated depreciation of $3,600,000 for a group of equipment items that belongs to XYZ, Inc.

XYZ Inc’s group of equipment items had an appraised value of $4,512,000, a cost of $9,030,000, and accumulated depreciation of $4,752,000.

XYZ, Inc. paid $288,000 cash in the exchange transaction.

Questions on Eversoft Manufacturing

Questions on Eversoft Manufacturing in $9 onlyEversoft Manufacturing

Absorption & Variable Costing

Eversoft Manufacturing produces towels to be sold as souvenirs at sporting events throughout the world. Assume that units produced equalled units sold in 2016. The company’s variable-costing income statement is as follows:

Eversoft Manufacturing

Income Statement

Year Ended December 31, 2016

Variable Costing

Sales (260,700 units) $521,400

Variable cost of goods sold $255,486

Roxbury Manufacturing Company

Roxbury Manufacturing Company in $10 only

Case 2

Roxbury Manufacturing Company is a privately owned business. Products manufactured by Roxbury had been doing very well until the year 2011. Last two years have seen a steady decline in sales and profit. If this declining trend continues, the company might come under financial distress. Income statements for the last two years are given below.

Year 1 Percent Year 2 Percent

Sales $ 4,000,000 100 $ 3,600,000 100

Less Variable Expenses $ 3,000,000 75 $ 2,700,000 75

——————————————————————–

Total Contribution Margin $ 1,000,000 25 $ 900,000 25

Less Fixed Expenses $ 500,000 $ 500,000

———————————————————————

Net Income before taxes $ 500,000 $ 400,000

==========================================

Mr. Creighton, the owner of the company is baffled that only a ten percent decline in sales has resulted in a twenty percent decline in profits. He asks you to explain to him how in spite of maintaining efficiency in operations by keeping variable expenses and contribution margin at the same percentage level, he has experienced a greater percentage decline in profits.

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BIS375 Week 2 Individual Assignment: Case Analysis (Double Click Privacy Policy Case Study)

BIS375 Week 2 Individual Assignment: Case Analysis (Double Click Privacy Policy Case Study) + 2 DQs Free of Cost

Resource: Double Click Privacy Policy case study in Ch. 9 of Cases in Electronic Commerce

Prepare a 700- to 1,050-word analysis using the Double Click Privacy Policy case study, explaining at least three legal, three ethical, and three regulatory issues that need to be addressed by the organization.

Prepare to present your findings in class.

Format your paper consistent with APA guidelines.

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BIS 375 Week 2 Learning Team Assignment E-Commerce Web Site Analysis

BIS 375 Week 2 Learning Team Assignment E-Commerce Web Site Analysis

BIS 375 Week 2 Learning Team Assignment

Prepare a 1,050- to 1,400-word paper analyzing these Web sites as they relate to supply chain management.

Include a history of the organization or industry, the market in which it operates, the role of government regulations on it, and any issues or opportunities that it faces.
Include at least these of the following items in your analysis, plus three additional items relevant to the industry chosen:

  • How user friendly is it?
  • Download speed
  • Navigability
  • Content quality
  • Aesthetics

Format your paper according to APA standards.

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BIS 375 Week 3 Learning Team Assignment Impact of E-Business on Supply Chain Management Paper and Presentation

BIS 375 Week 3 Learning Team Assignment

BIS 375 Week 3 Learning Team Assignment Impact of E-Business on Supply Chain Management Paper and Presentation

Prepare a 700- to 1,050-word paper, using the industry previously selected by the team, which accomplishes the following:

  • Assesses the effect of e-business SCM initiatives on an organization in this industry
  • Compares and contrasts the demands and expectations of different types of customers of this industry
  • Compares and contrasts traditional and e-business procurement processes for this industry

Format your paper according to APA standards.

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ISCOM 476 Entire Week 2

ISCOM 476 Entire (Full) Week 2 (Two)ISCOM 476 Entire Week 2

ISCOM 476 Entire Week 2 

Supply Chain Design

  • Design a supply chain.

Course Assignments

  1. Readings
    • Read Ch. 3, 5, & 6 of Designing and Managing the Supply Chain.
    • Read this week’s Electronic Reserve Readings.
  1. Learning Team Assignment: Riordan Manufacturing Supply Chain Evaluation
    • Write a 700- to 1,050-word executive summary for Riordan’s executive management team with respect to the supply chain required for manufacturing the new perfume bottles. Consider the following:
    • Riordan has completed a high-level strategic business initiative to leverage their supply chain as a competitive advantage to improve customer satisfaction.
    • Riordan performed a market analysis and decided to create a new line of bottles. This new line consists of plastic perfume bottles with an unusual design. Riordan’s management team has completed a business model design and financial analysis of the new line of bottles and is ready for the next phase of the business model process: the business model implementation plan.
    • The Learning Team represents Riordan’s supply chain team and is responsible for completing the business model implementation plan. Using the provided Business Model Implementation Plan Checklist, write an executive summary to Riordan’s executive management team for the new bottles. Include any additional items that may concern Riordan and document all assumptions.

Discussion Questions

Discussion question responses will count towards the class participation requirement.

Only posts in the Main classroom forum will count towards your class participation score.

Participation

All Week: Remember to participate in the class discussions 4 out of 7 days during the week.

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ISCOM 476 Week 2 DQ 2

ISCOM 476 Week 2 DQ 2

What are the basic process steps for designing a supply chain? Is the order of the process steps important? Why or why not? How can you tell if the process is meeting your performance requirements?

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ISCOM 352 Week 4 Individual Assignment Logistics Management Paper

ISCOM 352 Week 4 Individual Assignment Logistics Management Paper

ISCOM 352 Week 4 Individual Assignment

As the head of purchasing and procurement, you must draft a report that discusses important elements of logistics management for employees. The report will go to employees who have been with the organization for less than 18 months. Upper management’s primary concern is that new employees have been so inundated with policies, procedures, and training seminars that they need a refresher on the basics of logistics management.

Write a 1,050-word report, including the following:

  • Describe factors that influence logistics management for an organization across international borders.
  • Summarize regulatory and operations factors that affect logistics management in the U.S.
  • Identify major forces that drive reverse logistics systems. How do they relate? How does each factor specifically affect reverse logistics systems?

Format your paper consistent with APA guidelines.

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Answer include following file:

  1. ISCOM 352 Week 4 Individual Assignment Logistics Management Paper.docx

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ISCOM 352 Week 2 Individual Assignment Integrated Supply Chain Report

ISCOM 352 Week 2 Individual Assignment Integrated Supply Chain Report $5 (Instant Download)  

ISCOM 352 Week 2 Individual Assignment

As head of purchasing and procurement, you have been asked to write a brief report to the chief financial officer for the annual budget review. The organization is considering moving to an integrated supply chain and is looking for your input.

Write 1,050-word report, addressing the following:

  • Define an integrated supply chain.
  • Explain how an integrated supply chain strategy contributes to the organization’s organizational efficiency and effectiveness.
  • Compare ways in which supply chain logistics strategies contribute to economic value in the United States.

ISCOM 352 Entire Week 5 (Week Five)

Cover of Supply Chain Management Review

ISCOM 352 Entire Week 5 (Week Five) in $12 only (Instant Download)

Resource: Riordan Manufacturing Virtual OrganizationISCOM 352 Week 5 Learning Team Assignment Riordan Manufacturing Inventory Presentation

Navigate to the Virtual Organizations website athttps://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/PortBus.htm

Select Riordan Manufacturing.

Click the Intranet tab, then select Operations from the left-hand menu.

Read inventory and supply chain information for research and development in Albany, GA, and Pontiac, MI.

Create a 10- to 15-slide PowerPoint presentation as part of a training seminar in inventory management. Training will focus on inventory management as part of supply chain logistics. In your presentation, address the following:

ISCOM 352 Entire Week 4 (Week Four)

ISCOM 352 Entire Week 4 (Week Four) in $12 only (Instant Download)

ISCOM 352 Entire Week 4

ISCOM 352 Week 4 Individual Assignment Logistics Management Paper

As the head of purchasing and procurement, you must draft a report that discusses important elements of logistics management for employees. The report will go to employees who have been with the organization for less than 18 months. Upper management’s primary concern is that new employees have been so inundated with policies, procedures, and training seminars that they need a refresher on the basics of logistics management.

Write a 1,050-word report, including the following:

  • Describe factors that influence logistics management for an organization across international borders.
  • Summarize regulatory and operations factors that affect logistics management in the U.S.
  • Identify major forces that drive reverse logistics systems. How do they relate? How does each factor specifically affect reverse logistics systems?

Format your paper consistent with APA guidelines.

ISCOM 352 Entire Week 3 (Week Three)

ISCOM 352 Entire Week 3 (Week Three) in $10 only (Instant Download)ISCOM 352 Entire Week 3

ISCOM 352 Week 3 Learning Team Assignment Riordan Manufacturing Transportation Presentation

Resource: Riordan Manufacturing Virtual Organization

Navigate to the Virtual Organizations website athttps://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/PortBus.htm

Read the Riordan Manufacturing company information.

Create an 8- to 10-slide Microsoft® PowerPoint® presentation to be given to the Riordan board of directors. As part of the new business development team, you have been exploring new transportation options for the organization’s supply chain. In your presentation, address the following:

  • Describe Riordan’s current transportation mode, including its advantages and disadvantages. What other modes of transportation must Riordan consider using to decrease transportation costs? Describe other modes of transportation and make a recommendation on which ones Riordan should explore further.
  • Should Riordan consider alternatives to a third-party shipper for international orders from their plant in China?
  • What role will government play in this new mode of transportation?
  • How will pricing be determined for this new mode of transportation?
  • What other strategies may Riordan implement to reduce transportation costs? Which strategy will enable Riordan to be successful in a competitive environment? Why?

How is technology used in implementing and executing the new mode of transportation? What effect will it have on the organization’s profitability, planning, and operations?

What are alternative global distribution strategies? What are some examples of situations where an organization may opt to utilize an exporting strategy? Why?

How has the federal economic regulation of transportation helped or hindered the United States transportation industry? Explain.

What are challenges and opportunities organizations must recognize to help effectively and proactively manage reverse flows? Provide examples.

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Answer include following file:

  1. ISCOM 352 Week 3 DQ 1.docx
  2. ISCOM 352 Week 3 DQ 2.docx
  3. ISCOM 352 Week 3 DQ 3.docx
  4. ISCOM 352 Week 3 Learning Team Assignment Riordan Manufacturing Transportation Presentation.ppt

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