Thomas Edison ACC102 full course all Written Assignments+ final project+ discussions

Thomas Edison ACC102 full course all Written Assignments+ final project+ discussions https://hwguiders.com/downloads/thomas-edison-acc102-full-course-written-assignments-final-project-discussions/ Thomas Edison ACC102 full course all Written Assignments+ final project+ discussions Principles of Managerial Accounting (ACC-102) Section no: Semester and year: Final Project 1 Cost-volume-profit relationships (15 points) The following data are available for a product manufactured and sold by Logan Company: Compute the following: (a) Contribution margin per unit: $_______________ (b) Number of units that must be sold to break-even: _______________ units (c) Dollar sales volume to produce income of $864,000 before taxes: $_______________ Computations: 2 Incremental analysis (20 points) Information regarding current operations of the Farrell Corporation is given below: A proposed addition to Farrell’s factory is estimated by the sales manager to increase sales by a maximum of $750,000 The company’s accountants have determined that the proposed addition will add $320,000 to fixed costs each year Variable costs are expected to be at the same percentage as they currently are before the proposed addition (a) Explain why the existing $310,000 of fixed costs is a sunk cost while the $320,000 of fixed costs associated with the proposed addition is an out-of-pocket cost (b) Calculate by how much the proposed addition will either increase or reduce operating income Show all work 3 Responsibility income statement-preparation (20 points) Gameland Village is segmented into two sales departments: software and video games During April, these two departments reported the following operating results: In addition, fixed costs common to both departments amounted to $42,000 Complete the following segmented income statement for Gameland Village Follow the contribution margin approach, and show percentages as well as dollar amounts Conclude your income statement with the company’s income from operations GAMELAND VILLAGE Income Statement by Product Lines For the Month Ended April 30, 20__ Segments Gameland Village Software Video Games Dollars % Dollars % Dollars % Sales $ $400,000 100 $200,000 100 Variable Costs 65 56 $ $ $ 4 Standard cost system labor variance (25 points) The following computations of March labor variances for Sam’s Supply Company are incomplete The missing items are labeled (a) through (d) Labor rate variance = 4,800 hours´ [(a) – $850] = $350 favorable Labor efficiency variance = (b)´ [(c) – 5,000 hours] = $(d) On the appropriately labeled line, identify each missing item by name (a through c) and show the missing value (a through d) Show supporting computations in the space provided (a) _________________________ $_______________ (b) _________________________ $_______________ (c) _________________________ ____________________ hours (d) $______________ F or U [Choose the correct term] (e) During March, the supervisor left for vacation without arranging for a replacement Which variances would have been most affected by this situation? _________________________ Computations: 5 Capital budgeting (20 points) Flynn Corporation is debating whether to purchase a new computerized production system The system will cost $450,000, and have an estimated 10-year life with a salvage value of $70,000 The estimated operating results from the new production system are as follows: All revenue and expenses other than depreciation will be received and paid in cash Compute the following for this proposal: (a) Annual net cash flow: $__________ (b) Payback period: __________ years (c) Return on average investment: __________% (d) Net present value, discounted at an annual rate of 6% (present value of $1 due in 10 years, discounted at 6%, is 0558; present value of $1 received annually for 10 years, discounted at 6%, is 7360): $__________ Written Assignment 1 Complete the following end-of-chapter exercises and problems, and submit your answers to your mentor Chapter 13: • Exercise 1310, page 600 • Exercise 1312, pages 600–601 • Problem 132A, pages 602–603 • Problem 134A, pages 604–605 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Written Assignment 2 Complete the following end-of-chapter exercises and problem, and submit your answers to your mentor Chapter 14: • Exercise 141, page 662 • Exercise 142, page 662 • Problem 146A, page 670 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Written Assignment 3 Complete the following end-of-chapter exercises and problems, and submit your answers to your mentor Chapter 15: • Exercise 151, page 707 • Exercise 156, pages 708–709 • Problem 157A, pages 713–714 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Use the Add submission button to submit your assignment Written Assignment 4 Complete the following end-of-chapter exercises and problem, and submit your answers to your mentor Chapter 16: • Exercise 161, page 742 • Exercise 162, page 742 • Exercise 163, pages 742–743 • Problem 167A, pages 749–750 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Use the Add submission button to submit your assignment Written Assignment 6 Complete the following end-of-chapter exercises and problem, and submit your answers to your mentor Chapter 19: • Exercise 192, page 863 • Exercise 194, page 864 • Exercise 196, pages 864–865 • Problem 191A, page 867 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Use the Add submission button to submit your assignment Written Assignment 8 Complete the following end-of-chapter exercises and problem, and submit your answers to your mentor Chapter 22: • Exercise 221, pages 975–976 • Exercise 222, page 976 • Problem 222A, page 979 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Use the Add submission button to submit your assignment Written Assignment 9 Complete the following end-of-chapter discussion questions, exercise, and problem, and submit your answers to your mentor Chapter 23: • Discussion question 4, page 1018 • Discussion question 5, page 1018 • Discussion question 6, page 1018 • Exercise 234, page 1021 • Problem 236A, pages 1026–1027 • Problem 237A, pages 1027–1028 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Use the Add submission button to submit your assignment Written Assignment 10 Complete the following end-of-chapter exercises and problems, and submit your answers to your mentor Chapter 24: • Brief Exercise 246, page 1057 • Brief Exercise 248, page 1058 • Exercise 241, page 1058 • Exercise 243, page 1059 • Exercise 249, page 1060 • Problem 244A, page 1063 • Problem 247A, pages 1064–1065 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Use the Add submission button to submit your assignment Written Assignment 11 Complete the following end-of-chapter discussion questions, exercises, and problem, and submit your answers to your mentor Chapter 26: • Discussion question 1, page 1130 • Exercise 261, pages 1131–1132 • Exercise 262, page 1132 • Exercise 264, page 1132 • Problem 262A, page 1136 When preparing your answers, please identify each exercise and problem clearly by textbook chapter and exercise or problem number Arrange your answers by chapter, with the exercises first followed by the problems To receive full credit for your answers, show all work and include complete solutions Discussion Forum 1 In Discussion Forum 1, post your response to the following discussion activity Reply to at least two classmates’ responses by the date indicated in the course Calendar Note: The discussion activity for Module 1 is based on Case 131, “Another Look at Allison Corporation,” in Financial and Managerial Accounting: The Basis for Business Decisions, 16th ed, by Williams et al, page 616 1 Read the case information given below, and then follow the instructions for completing the discussion activity Case 131, Another Look at Allison Corporation This case is based on the statement of cash flows for Allison Corporation, illustrated in Exhibit 13-1 of the textbook Use this statement to evaluate the company’s ability to continue paying the current level of dividends—$40,000 per year The following information also is available: a The net cash flows from operating activities shown in the statement are relatively normal for Allison Corporation Net cash flows from operating activities have not varied by more than a few thousand dollars in any of the past three years b The net outflow for investing activities was unusually high because the company modernized its production facilities during the year The normal investing cash outflow is about $45,000 per year, the amount required to replace existing plant assets as they are retired Over the long run, marketable securities transactions and lending transactions have a very small impact on Allison’s net cash flows from investing activities c The net cash flows from financing activities were unusually large in the current year because of the issuance of bonds payable and capital stock These securities were issued to finance the modernization of the production facilities In a typical year, financing activities include only short-term borrowing transactions and payments of dividends 2 In Discussion Forum 1, post your response to the following questions Please title your posting “Case 131/[Your Name]” Read and comment on your classmates’ postings • Based solely on the company’s past performance, do you believe that the $40,000 annual dividend payments are secure? That is, does the company appear able to pay this amount in dividends every year without straining its cash position? Do you think it more likely that Allison Corporation will increase or decrease the amount of dividends that it pays? Explain fully • Should any of the unusual events appearing in the statement of cash flows for the current year affect your analysis of the company’s ability to pay future dividends? Explain Use the Add a new discussion topic button to start your first posting for this activit Discussion Forum 2 In Discussion Forum 2, post your response to the following discussion activity Reply to at least two classmates’ responses by the date indicated in the course Calendar Note: The discussion activity is based on Exercise 152, “External Financial Reports and Globalization,” in Financial and Managerial Accounting: The Basis for Business Decisions, 16th ed, by Williams et al, page 707 1 Choose a publicly traded global company that you think you might want to invest in some time in the future 2 Search the Internet—including the company’s own Web site—for information about the company, and access its annual report 3 In Discussion Forum 2, post your response to the following questions Please title your posting “Exercise 152/[Your Name]” Read and comment on your classmates’ postings a In which geographical regions does the company operate? b What is the proportion of total sales represented by foreign sales? How has this changed over the past five to ten years? c What efforts has the company recently undertaken to increase or decrease globalization (eg, joint ventures, licensing agreements, etc)? d What are the company’s hedging practices and policies? e Have any overseas activities been unsuccessful, discontinued, or resulted in asset losses? If so, what happened? f Overall, how aggressively do you feel this company is pursuing globalization? Discussion Forum 3 In Discussion Forum 3, post your response to the following discussion activity Reply to at least two classmates’ responses by the date indicated in the course Calendar Note: The discussion activity is based on Internet Case 194, “Lean Manufacturing Solutions,” in Financial and Managerial Accounting: The Basis for Business Decisions, 16th ed, by Williams et al, page 876 Manufacturing Engineering, Inc, is a leading provider of lean manufacturing solutions 1 Visit Manufacturing Engineering’s Web site atError! Hyperlink reference not validmfgengcom/”>wwwmfgengcom 2 On its Web site, Manufacturing Engineering lists several categories of projects Choose a category from the list that interests you 3 In Discussion Forum 2, post your response to the following questions Please title your posting “Internet 194/[Your Name]” Read and comment on your classmates’ postings a What part of the value chain is targeted by the category? b What benefits can be identified from the category? c Do you believe target costing, activity-based management, cost of quality management, or just-in-time inventory was useful in the category you looked at? Why? Discussion Forum 4 In Discussion Forum 4, post your response to the following discussion activity Reply to at least two classmates’ responses by the date indicated in the course Calendar Note: The discussion activity is based on Case 221, “Allocating Fixed Costs to Responsibility Centers,” in Financial and Managerial Accounting: The Basis for Business Decisions, 16th ed, by Williams et al, page 987 1 Read the case information given below, and then follow the instructions for completing the discussion activity Case 221, Allocating Fixed Costs to Responsibility Centers You have just been hired as the controller of Land’s End Hotel The hotel prepares monthly responsibility income statements in which all fixed costs are allocated among the various profit centers in the hotel, based on the relative amounts of revenue generated by each profit center Robert Chamberlain, manager of the hotel dining room, argues that this approach understates the profitability of his department “Through developing a reputation as a fine restaurant, the dining room has significantly increased its revenue Yet the more revenue we earn, the larger the percentage of the hotel’s operating costs that are charged against our department Also, whenever vacancies go up, rental revenue goes down, and the dining room is charged with a still greater percentage of overall operating costs Our strong performance is concealed by poor performance in departments responsible for keeping occupancy rates up” Chamberlain suggests that fixed costs relating to the hotel should be allocated among the profit centers based on the number of square feet occupied by each department Debra Mettenburg, manager of the Sunset Lounge, objects to Chamberlain’s proposal She points out that the lounge is very big, because it is designed for hotel guests to read, relax, and watch the sunset Although the lounge does serve drinks, the revenue earned in the lounge is small in relation to its square footage Many guests just come to the lounge for the free hors d’oeuvres and don’t even order a drink Chamberlain’s proposal would cause the lounge to appear unprofitable; yet a hotel must have some “open space” for its guests to sit and relax 2 In Discussion Forum 4, post your response to the following questions Please title your posting “Case 221/[Your Name]” Read and comment on your classmates’ postings a Separately evaluate the points raised by each of the two managers b Suggest your own approach to allocating the hotel’s fixed costs among the various profit centers Discussion Forum 5 In Discussion Forum 5, post your response to the following discussion activity Reply to at least two classmates’ responses by the date indicated in the course Calendar Note: The discussion activity is based on Case 241, “It’s Not My Fault,” in Financial and Managerial Accounting: The Basis for Business Decisions, 16th ed, by Williams et al, pages 1072–1073 1 Read the case information given below, and then follow the instructions for completing the discussion activity Case 241, It’s Not My Fault Cabinets, Inc, is a large manufacturer of modular kitchen cabinets, sold primarily to builders and developers The company uses a standard cost system Standard production costs have been developed for each type of cabinet; these costs, and any cost variances, are charged to the production department A budget also has been developed for the sales department The sales department is credited with the gross profit on sales (measured at standard costs) and is charged with selling expenses and any variations between budgeted and actual selling expenses In early April the manager of the sales department asked the production department to fill a rush order of kitchen cabinets for a tract of 120 homes The sales manager stated that the entire order must be completed by May 31 The manager of the production department argued that an order of this size would take twelve weeks to produce The sales manager answered: “The customer needs it on May 31, or we don’t get the business Do you want to be responsible for our losing a customer who makes orders of this size?” Of course, the production manager did not want to take that responsibility Therefore, he gave in and processed the rush order by having production personnel work overtime through April and May As a result of the overtime, the performance reports for the production department in those months showed large, unfavorable labor rate variances The production manager, who in the past had prided himself on coming in under budget, now has very ill feelings toward the sales manager He also has stated that the production department will never again accept a rush order 2 In Discussion Forum 5, post your response to the following questions Please title your posting “Case 241/[Your Name]” Read and comment on your classmates’ postings a Identify any problem that you see in the company’s standard cost system or in the manner in which cost variances are assigned to the responsible managers b Make recommendations for changing the cost accounting system to reduce or eliminate any problems that you have identified