I have been sick and have fallen behind and need help with the following.
ACC 207 Final Project Guidelines and Rubric
Overview The final project for this course is the creation of a quantitative analysis with a memo to management.
Classifying a company’s costs allows for an in-depth analysis of the impact that changes in output have on revenues, costs, and net income or net loss. A costvolume-profit (CVP) analysis will be completed in order to determine the breakeven point. Relevant costs will be used to prepare a flexible budget. Additionally, an appropriate costing system should be selected and the choice should be substantiated with reasonable rationale. Finally, a memo should be prepared for management that summarizes the results of the quantitative analysis and makes recommendations for an optimal costing system to be ethically used by key decision makers.
The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The quantitative analysis with a memo to management will be submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Utilize cost behavior and cost analysis to assist decision makers in planning and adding value to the business Prepare a flexible budget for supporting informed managerial decision making Interpret variances for determining the optimal costing system to fit an organization’s internal accounting needs Interpret the role of ethics in cost accounting for determining its impact on decision making
Prompt In this assignment, multiple analyses will be conducted in order to obtain a company’s financial information specific to company costs.
MDE manufactures outdoor garden items such as lawn ornaments and bird feeders. MDE uses a standard costing system to set standards for direct materials, labor, and overhead costs. MDE reviews and revises standards as necessary. Recently, budget variances for bird feeders have caused some concern. You, the company’s cost accountant, have been asked to examine the numbers for the product, explain the variances, and suggest ways to improve performance.
Specifically, the following critical elements must be addressed:
You will begin by using the MDE Manufacturing Budget (Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division. You will then analyze the actual costs and complete a cost-volume-profit (CVP) analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a $10,000 profit and how much the sales price would have to increase to earn a $10,000 profit at the same cost and sales volume level. Use Tabs 1 and 2 of the Student Workbook.
I. Costs a) Classify all product and period costs appropriately. b) Compute a cost-volume-profit analysis. What are the implications of this analysis? c) Compute contribution margin per unit and contribution margin ratio. d) Determine the breakeven quantity and the breakeven revenue accurately. e) Determine if the company is breaking even. What are cost-volume-profit analysis implications on short-term planning?
Your next step is to use the MDE Manufacturing Budget (Tables I, II, III, IV) to compare the budget and actual costs. Determine where variances occurred and explain why. Use Tabs 3 and 4 of the Student Workbook to present your budgets/variances and Tabs 5 and 6 for all budget/variance calculations.
II. Prepare and Perform a) What are your fixed costs? Segregate them in the budget model. b) Determine how variable costs change as activity measures change. How can this information be applied? c) Create the budget model, ensuring fixed costs are hard coded into the model (variable costs are stated as a percentage of the relevant activity measures or as a cost per unit of activity measure). d) Add actual activity measures to the model. Make sure all information is added accurately. e) Add the flexible budget calculations to the budget model. Make sure all information is accurate. f) Compare the flexible budget to the actual expenses. What does this inform? Be sure to discuss the following variances: i. Static budget variance, including sales volume and flexible budget variances ii. Price and efficiency variances for direct materials and direct labor iii. Spending and efficiency variances for variable manufacturing overhead g) Determine the aspects of the budgeting process that are in need of improvement. Justify your response. h) Interpret what budget variances represent. Should all variances be investigated?
You have also been asked to give management a recommendation on whether the company should switch from process costing to activity-based costing (ABC). This is an exploratory discussion, but management would like to know more about the difference between the two costing systems and if a different costing system might work better for the company.
III. Main Costing Systems – Activity-Based Costing vs. Process Costing a) Identify the cost allocation system that would benefit this company most. Justify your response. b) Does this cost allocation system meet management planning and control goals? Explain. c) What are the ethical implications that should be considered with this cost allocation system? d) Describe the ethical implications of direct costs versus indirect costs. What considerations should be made when selecting one of these two?
After all of your calculations and research, you are now ready to prepare your report.
IV. Prepare a Memo to Management a) Summarize your quantitative analysis based on your findings (include answers to all questions in Sections I, II, and III). b) Report the parts of the budgeting process that are in need of improvement. Provide suggestions to improve those parts. c) Report overall improvement recommendations to management. Consider the ethical implications when communicating sensitive information.
Milestones
Milestone One: Draft of Costs (Section I) In Module Two, you will submit a draft of the costs section of the final project. Use the MDE Manufacturing Budget (Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division of the company. In Tab 1 of your Student Workbook, classify costs as either product or period costs. Briefly explain the difference between the types of costs. Then, analyze the actual costs and, using Tab 2 of your Student Workbook, complete a cost-volumeprofit analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a 10% profit and how much the sales price would have to increase to earn a 10% profit at the same cost and sales volume level. Submit the Student Workbook with Tabs 1 and 2 completed with your cost calculations and a 1-2 page Word document that explains the implications of your findings and addresses all of the critical elements in Section I. This milestone will be graded with the Milestone One Rubric.
Milestone Two: Draft of Prepare and Perform (Section II) In Module Four, you will submit a draft of the prepare and perform section of the final project. Analyze the budget and actual costs using the MDE Manufacturing Budget (Tables I, II, III, IV). Determine where variances occurred and why. Submit the Student Workbook with Tabs 3 and 4 completed with your budgets/variances calculations and a 1-2page Word document that discusses the implications of your findings on the company’s financial considerations. Explain which aspects of MDE’s budgeting process are in need of improvement and justify your response using your calculations. Address all critical elements in Section II. Use Tabs 5 and 6 of the Student Workbook for your budget and variance calculations. This milestone will be graded with the Milestone Two Rubric.
Milestone Three: Draft of Main Costing Systems (Section III) In Module Five, you will submit a draft of your main costing system recommendations. You have been asked to give management a recommendation on whether the bird feeder division should switch from process costing to activity-based costing. This is just an exploratory discussion, but management would like to know more about the differences between the two costing systems and if a different costing system might work better for the division. Submit a Word document that addresses the critical elements of Section III. This milestone will be graded with the Milestone Three Rubric.
Final Submission: Quantitative Analysis With a Memo to Management In Module Seven, submit your quantitative analysis with a memo to management. It should incorporate all milestones and include ection IV of the critical elements listed in the Final Project Document. This submission will be graded with the Final Project Rubric (below).
Deliverables Milestone Deliverable Module Due Grading
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I Have Attached Two Screen Shots Each One Is For A Different Assignment My Last
/in Uncategorized /by developerI have attached two screen shots. Each one is for a different assignment. My last name starts was an M so for each do the assignment with the first letter of my lastname. I will provide the text book through Chegg once I accept the bid.I need each of the 2 assignments to be separate. Each assignment has to be at least a page and a half long. I will provide an idea of what the case analysis should include.(scroll to the bottom of the attachment document to see what the structure of the analysis should look like).
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I Have Been Assigned To Begin Reviewing The Pals Timesheets Submitted By Each Em
/in Uncategorized /by developerI have been assigned to begin reviewing the PALs (timesheets) submitted by each employee against their charges billed in our system and their entries in WebTA.
Attached are Instructions, the Spreadsheet and the PAL’s(timesheets for Pay periods 13, 14 and 15)
Please review the instructions and begin the PAL’s review/audit for everyone beginning with pay period 13, 2018. I have already completed Ms. Davis’ review and placed my results on the spreadsheet as guidance.
Once I confirm the bid, I will send you my WebTA username and Password.
Please note this is confidential information and should not be shared with anyone else.
Thank you.
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I Have Been Invited To Take A Proctored Essay For The Rn Nursing Program Can You
/in Uncategorized /by developerI have been invited to take a proctored essay for the RN nursing program.
Can you help me prepare for the essay?
I don’t know what the question will be, they don’t tell us until we arrive to take the essay at our proctored time slot. However, I would like any professional advice I can get on how to best prepare for the essay and answering the question.
What are some key words I should consider using?
Any advice or guidance would be helpful.
Thank you
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I Have Been Pretty Much Lost On The Following Questions 3 1 A 30lb Force Is Appl
/in Uncategorized /by developerI have been pretty much lost on the following questions;3.1 A 30lb force is applied to the control rod AB as shown. Knowing that the length of the rod is 8 in. and that a=30 degrees, determine the moment of the force about B by resolving the force(a) into horizontal and vertical components, (b) into components along AB and in a direction perpendicular to AB.
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I Have Been Sick And Have Fallen Behind And Need Help With The Following Acc 207
/in Uncategorized /by developerI have been sick and have fallen behind and need help with the following.
ACC 207 Final Project Guidelines and Rubric
Overview The final project for this course is the creation of a quantitative analysis with a memo to management.
Classifying a company’s costs allows for an in-depth analysis of the impact that changes in output have on revenues, costs, and net income or net loss. A costvolume-profit (CVP) analysis will be completed in order to determine the breakeven point. Relevant costs will be used to prepare a flexible budget. Additionally, an appropriate costing system should be selected and the choice should be substantiated with reasonable rationale. Finally, a memo should be prepared for management that summarizes the results of the quantitative analysis and makes recommendations for an optimal costing system to be ethically used by key decision makers.
The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Four, and Five. The quantitative analysis with a memo to management will be submitted in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Utilize cost behavior and cost analysis to assist decision makers in planning and adding value to the business Prepare a flexible budget for supporting informed managerial decision making Interpret variances for determining the optimal costing system to fit an organization’s internal accounting needs Interpret the role of ethics in cost accounting for determining its impact on decision making
Prompt In this assignment, multiple analyses will be conducted in order to obtain a company’s financial information specific to company costs.
MDE manufactures outdoor garden items such as lawn ornaments and bird feeders. MDE uses a standard costing system to set standards for direct materials, labor, and overhead costs. MDE reviews and revises standards as necessary. Recently, budget variances for bird feeders have caused some concern. You, the company’s cost accountant, have been asked to examine the numbers for the product, explain the variances, and suggest ways to improve performance.
Specifically, the following critical elements must be addressed:
You will begin by using the MDE Manufacturing Budget (Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division. You will then analyze the actual costs and complete a cost-volume-profit (CVP) analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a $10,000 profit and how much the sales price would have to increase to earn a $10,000 profit at the same cost and sales volume level. Use Tabs 1 and 2 of the Student Workbook.
I. Costs a) Classify all product and period costs appropriately. b) Compute a cost-volume-profit analysis. What are the implications of this analysis? c) Compute contribution margin per unit and contribution margin ratio. d) Determine the breakeven quantity and the breakeven revenue accurately. e) Determine if the company is breaking even. What are cost-volume-profit analysis implications on short-term planning?
Your next step is to use the MDE Manufacturing Budget (Tables I, II, III, IV) to compare the budget and actual costs. Determine where variances occurred and explain why. Use Tabs 3 and 4 of the Student Workbook to present your budgets/variances and Tabs 5 and 6 for all budget/variance calculations.
II. Prepare and Perform a) What are your fixed costs? Segregate them in the budget model. b) Determine how variable costs change as activity measures change. How can this information be applied? c) Create the budget model, ensuring fixed costs are hard coded into the model (variable costs are stated as a percentage of the relevant activity measures or as a cost per unit of activity measure). d) Add actual activity measures to the model. Make sure all information is added accurately. e) Add the flexible budget calculations to the budget model. Make sure all information is accurate. f) Compare the flexible budget to the actual expenses. What does this inform? Be sure to discuss the following variances: i. Static budget variance, including sales volume and flexible budget variances ii. Price and efficiency variances for direct materials and direct labor iii. Spending and efficiency variances for variable manufacturing overhead g) Determine the aspects of the budgeting process that are in need of improvement. Justify your response. h) Interpret what budget variances represent. Should all variances be investigated?
You have also been asked to give management a recommendation on whether the company should switch from process costing to activity-based costing (ABC). This is an exploratory discussion, but management would like to know more about the difference between the two costing systems and if a different costing system might work better for the company.
III. Main Costing Systems – Activity-Based Costing vs. Process Costing a) Identify the cost allocation system that would benefit this company most. Justify your response. b) Does this cost allocation system meet management planning and control goals? Explain. c) What are the ethical implications that should be considered with this cost allocation system? d) Describe the ethical implications of direct costs versus indirect costs. What considerations should be made when selecting one of these two?
After all of your calculations and research, you are now ready to prepare your report.
IV. Prepare a Memo to Management a) Summarize your quantitative analysis based on your findings (include answers to all questions in Sections I, II, and III). b) Report the parts of the budgeting process that are in need of improvement. Provide suggestions to improve those parts. c) Report overall improvement recommendations to management. Consider the ethical implications when communicating sensitive information.
Milestones
Milestone One: Draft of Costs (Section I) In Module Two, you will submit a draft of the costs section of the final project. Use the MDE Manufacturing Budget (Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division of the company. In Tab 1 of your Student Workbook, classify costs as either product or period costs. Briefly explain the difference between the types of costs. Then, analyze the actual costs and, using Tab 2 of your Student Workbook, complete a cost-volumeprofit analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a 10% profit and how much the sales price would have to increase to earn a 10% profit at the same cost and sales volume level. Submit the Student Workbook with Tabs 1 and 2 completed with your cost calculations and a 1-2 page Word document that explains the implications of your findings and addresses all of the critical elements in Section I. This milestone will be graded with the Milestone One Rubric.
Milestone Two: Draft of Prepare and Perform (Section II) In Module Four, you will submit a draft of the prepare and perform section of the final project. Analyze the budget and actual costs using the MDE Manufacturing Budget (Tables I, II, III, IV). Determine where variances occurred and why. Submit the Student Workbook with Tabs 3 and 4 completed with your budgets/variances calculations and a 1-2page Word document that discusses the implications of your findings on the company’s financial considerations. Explain which aspects of MDE’s budgeting process are in need of improvement and justify your response using your calculations. Address all critical elements in Section II. Use Tabs 5 and 6 of the Student Workbook for your budget and variance calculations. This milestone will be graded with the Milestone Two Rubric.
Milestone Three: Draft of Main Costing Systems (Section III) In Module Five, you will submit a draft of your main costing system recommendations. You have been asked to give management a recommendation on whether the bird feeder division should switch from process costing to activity-based costing. This is just an exploratory discussion, but management would like to know more about the differences between the two costing systems and if a different costing system might work better for the division. Submit a Word document that addresses the critical elements of Section III. This milestone will be graded with the Milestone Three Rubric.
Final Submission: Quantitative Analysis With a Memo to Management In Module Seven, submit your quantitative analysis with a memo to management. It should incorporate all milestones and include ection IV of the critical elements listed in the Final Project Document. This submission will be graded with the Final Project Rubric (below).
Deliverables Milestone Deliverable Module Due Grading
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I Have Been Stuck On A Problem In My Intro To Applied Programming Course For Day
/in Uncategorized /by developerI have been stuck on a problem in my Intro to Applied Programming course for days now, we use Ruby. The question is: Create program that subtracts a withdrawal from a Savings Account, and returns the following on the Screen (include text as well as calculations): Starting Balance (This is decided by you), Amount Withdrawn (User Input), Interest Accrued (this is earned before the Withdrawal), and Ending Balance. If the withdrawal amount is greater than the Starting balance, a message appears stating: Insufficient Funds. Calculate interest at 1% of the Starting Balance.
Any advice on how to start/approach this program, how to calculate the interest and how to pop up an error message would be greatly appreciated. Again we use Ruby.
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I Have Been Working On This Problem And Cant Seem To Figure It Out I Cant Find W
/in Uncategorized /by developerI have been working on this problem and cant seem to figure it out, I cant find where I’m going wrong and continuously keep getting the incorrect answer. Please provide a full step by step explanation so I can fully understand this concept for any future hw or test problems.
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I Have Been Working On This Problem But I Can Seem To Get It Into The Parameters
/in Uncategorized /by developerI have been working on this problem but I can seem to get it into the parameters that are being asked. The
instructions are “find the derivative of each function by using the product rule d(uv)/dx=(u)dv/dx+(v)du/dx. The instructions continue, Do not find the product before finding the derivative. The problem is:
y=6x(3x^2-5x).
I need some step by step help and an example that can help me with similar questions.
I really appreciate your time and help
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I Have Broken It Into Two Parts Below As A Suggestion For How To Approach Writin
/in Uncategorized /by developerhis assignment requires you to write a single large program. I have broken it into two parts below as a suggestion for how to approach writing the code. Please turn in one program file.
Sentiment Analysis is a Big Data problem which seeks to determine the general attitude of a writer given some text they have written. For instance, we would like to have a program that could look at the text “The film was a breath of fresh air” and realize that it was a positive statement while “It made me want to poke out my eye balls” is negative.
One algorithm that we can use for this is to assign a numeric value to any given word based on how positive or negative that word is and then score the statement based on the values of the words. But, how do we come up with our word scores in the first place?
That’s the problem that we’ll solve in this assignment. You are going to search through a file containing movie reviews from the Rotten Tomatoes website which have both a numeric score as well as text. You’ll use this to learn which words are positive and which are negative.
The data file is movie_reviews.txt, and looks like this:
This quiet , introspective entertaining independent worth seeking .
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I Have Business While Studying Mba
/in Uncategorized /by developerI have business while studying MBA.
Seem that each MBA course is separated ideas an its just a theory cannot practised to our business
How I connected all theory of MBA so it has a whole ideas instead of separated idea in each course?
How I integrated all teoritical MBA course in my business?
How I practised the theory into real life business?
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