Get help for Argosy-University B 6021 Homework Help. We provide assignment, homework, discussions and case studies help for all subjects Argosy-University for Session 2017-2018.
B 6021 WEEK 1 DISCUSSION 1
1: Discussion—Introductions
Begin this assignment by introducing yourself to classmates—giving your
name, prior education/degrees, current occupation, and areas of interest that might be covered by this course.
Next, share your ideas, observations, and experiences regarding managerial accounting.
Respond to the following:
· Have you worked in the managerial accounting area before? If yes, what was the work like?
· What has caused you to learn more about managerial accounting?
· What do you hope to gain from this course?
Beginning by the due date assigned, post your responses to the Discussion Area. Continue to get to know your fellow classmates and contribute to our discussion on managerial accounting through the end of the module.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
· Read your peers’ answers.
· Provide substantive comments by
o contributing new, relevant information from course readings, Web sites, or other sources;
o building on the remarks or questions of others; or
o sharing practical examples of key concepts from your professional or personal experiences
· Respond to feedback on your posting and provide feedback to other students on their ideas.
· Make sure your writing
o is clear, concise, and organized;
o demonstrates ethical scholarship in accurate representation and attribution of sources; and
o displays accurate spelling, grammar, and punctuation.
B 6021 WEEK 1 DISCUSSION 2
Previous Next
Assignment 2: Discussion—Cost Accumulation System
When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or service provided.
Using the module readings, Argosy University online library resources, and the Internet, locate an article on how a company utilized a cost accumulation system.
Respond to the following:
· Identify and describe the type of cost accumulation system that was used.
· Explain how the system was used and, specifically, how overhead was allocated.
· Discuss how the use of cost accumulation enhanced the company’s operations.
By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
· Read your peers’ answers.
· Provide substantive comments by
o contributing new, relevant information from course readings, Web sites, or other sources;
o building on the remarks or questions of others; or
o sharing practical examples of key concepts from your professional or personal experiences
· Respond to feedback on your posting and provide feedback to other students on their ideas.
· Make sure your writing
o is clear, concise, and organized;
o demonstrates ethical scholarship in accurate representation and attribution of sources; and
o displays accurate spelling, grammar, and punctuation.
B 6021 WEEK 1 ASSIGNMENT
Assignment 3: Calculating Inventory
Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company's work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date.
Finlon applies manufacturing overhead to production on the basis of direct-labor cost. (The budgeted direct-labor cost is the company's practical capacity, in terms of direct-labor hours multiplied by the budgeted direct-labor rate.) Budgeted totals for 2002 for direct labor and manufacturing overhead are $4,200,000 and $5,460,000, respectively. Actual results for the year are as follows:
Actual Results
| |
Direct Materials Used
|
$5,600,000.00
|
Direct Labor
|
$4,350,000.00
|
Indirect Material Used
|
$65,000.00
|
Indirect Labor
|
$2,860,000.00
|
Factory Depreciation
|
$1,740,000.00
|
Factory Insurance
|
$59,000.00
|
Factory Utilities
|
$830,000.00
|
Selling and Administrative Expenses
|
$2,160,000.00
|
Total
|
$17,664,000.00
|
Job no. 2077 was completed in January 2002, and there was no work in process at year-end. All jobs produced during 2002 were sold with the exception of Job no. 2143, which contained direct-material costs of $156,000 and direct-labor charges of $85,000. The company charges any under- or over-applied overhead to the cost of goods sold category.
Using the above information, do the following:
· Calculate the company’s predetermined overhead application rate.
· Calculate the additions to the work-in-process inventory account for the direct material used, direct labor, and manufacturing overhead.
· Calculate the finished-goods inventory for the 12/31/02 balance sheet.
· Calculate the over-applied or under-applied overhead at year-end.
· Explain if it is appropriate to include selling and administrative expenses in the cost of goods sold category.
Perform your calculations in an Excel spreadsheet and copy the calculations into a Word document.
Write a 1-page paper in Word format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M1_A3.doc. For example, if your name is John Smith, your document will be named SmithJ_M1_A3.doc.
B 6021 WEEK 2 DISCUSSION
Assignment 1: Discussion—Activity-Based Costing System
Activity-based costing is one of the most accurate methods that can be used to allocate overhead. However, it is not often used in many smaller organizations due to the substantial cost involved with its implementation.
Using the module readings and the Argosy University online library resources, research the activity-based costing method. Use your research and/or your experiences as a working professional to complete this assignment.
Respond to the following:
· If you have utilized an activity-based costing system in your former or current employment, describe how this system had been used. In your response, be sure to include your experience and position on the effectiveness of the activity-based costing system. Support your ideas by drawing on your readings and scholarly articles.
· If you have not encountered this type of system in your work experience, assume a company needs to switch to an ABC system. Describe the common cost drivers that could be used.
· How would the organization identify the cost drivers?
· How would the organization use them in the implementation of this system? You may use your former or current company for the analysis.
By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
· Read your peers’ answers.
· Provide substantive comments by
o contributing new, relevant information from course readings, Web sites, or other sources;
o building on the remarks or questions of others; or
o sharing practical examples of key concepts from your professional or personal experiences
· Respond to feedback on your posting and provide feedback to other students on their ideas.
· Make sure your writing
o is clear, concise, and organized;
o demonstrates ethical scholarship in accurate representation and attribution of sources; and
o displays accurate spelling, grammar, and punctuation.
B 6021 WEEK 2 ASSIGNMENT
Assignment 2: Manufacturing Overhead
Borealis Manufacturing has just completed a major change in its quality control (QC) process. Previously, products had been reviewed by QC inspectors at the end of each major process, and the company's 10 QC inspectors were charged to the operation or job as direct labor. In an effort to improve efficiency and quality, a computerized video QC system was purchased for $250,000. The system consists of a minicomputer, fifteen video cameras, and other peripheral hardware and software.
The new system uses cameras stationed by QC engineers at key points in the production process. Each time an operation changes or there is a new operation, the cameras are moved, and a new master picture is loaded into the computer by a QC engineer. The camera takes pictures of the units in process, and the computer compares them to the picture of a “good” unit. Any differences are sent to a QC engineer, who removes the bad units and discusses the flaws with the production supervisors. The new system has replaced the 10 QC inspectors with two QC engineers.
The operating costs of the new QC system, including the salaries of the QC engineers, have been included as factory overhead in calculating the company's plant-wide manufacturing-overhead rate, which is based on direct-labor dollars. The company's president is confused. His vice president of production has told him how efficient the new system is. Yet there is a large increase in the overhead rate. The computation of the rate before and after automation is as follows:
Before
|
After
| |
Budgeted Manufacturing Overhead
|
1,900,000
|
2,100,000
|
Budgeted Direct Labor Cost
|
1,000,000
|
700,000
|
Budgeted Overhead Rate
|
190%
|
300%
|
“Three hundred percent,” lamented the president. “How can we compete with such a high overhead rate?”
Using the module readings and the Argosy University online library resources, research manufacturing overhead.
Review the situation. Complete the following:
· Define “manufacturing overhead,” and:
o Cite three examples of typical costs that would be included in manufacturing overhead.
o Explain why companies develop predetermined overhead rates.
· Explain why the increase in the overhead rate should not have a negative financial impact on Borealis Manufacturing.
· Explain how Borealis Manufacturing could change its overhead application system to eliminate confusion over product costs.
· Describe how an activity-based costing system might benefit Borealis Manufacturing.
Get Answer: - https://www.justquestionanswer.com/homework-solution-details/52675/b-6021-b6021-b-6021-week-2-assignment
Previous Next
Assignment 1: Discussion—Absorption versus Variable Costing
There are several ways a company can allocate overhead costs to products produced or services provided. Two of these methods are absorption costing and variable costing. This assignment will allow you to explore the two methods of costing and compare/contrast the different uses of each costing system.
Using the module readings and the Argosy University online library resources, research absorption and variable costing. Use your research and/or your experiences as a working professional to complete this assignment.
Respond to the following:
· Explain the differences between absorption costing and variable costing.
· Explain, with the help of an example, how a company could use a variable costing system, as well as an absorption costing system. You have the option of using the company you work for as an example.
· Explain which method is better for the company being discussed.
By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
· Read your peers’ answers.
· Provide substantive comments by
o contributing new, relevant information from course readings, Web sites, or other sources;
o building on the remarks or questions of others; or
o sharing practical examples of key concepts from your professional or personal experiences
· Respond to feedback on your posting and provide feedback to other students on their ideas.
· Make sure your writing
o is clear, concise, and organized;
o demonstrates ethical scholarship in accurate representation and attribution of sources; and
o displays accurate spelling, grammar, and punctuation.
B 6021 WEEK 3 ASSIGNMENT
Assignment 2: Required Assignment 1—Cost and Decision-Making Analysis
Cheryl Montoya picked up the phone and called her boss, Wes Chan, Vice President of Marketing at Piedmont Fasteners Corporation.
Cheryl: “Wes, I'm not sure how to go about answering the questions that came up at the meeting with the President yesterday.”
Wes: “What's the problem?”.
Cheryl: “The president wanted to know the break-even point for each of the company's products, but I am having trouble figuring them out.”
Wes: “I'm sure you can handle it, Cheryl. And, by the way, I need your analysis on my desk tomorrow morning at 8:00 sharp in time for the follow-up meeting at 9:00.”
Piedmont Fasteners Corporation makes three different clothing fasteners at its manufacturing facility in North Carolina. Data concerning these products appear below:
Velcro
|
Metal
|
Nylon
| |
Normal annual sales volume
|
100,000 units
|
200,000 units
|
400,000 units
|
Unit selling price
|
$1.65
|
$1.50
|
$0.85
|
Variable cost per unit
|
$1.25
|
$0.70
|
$0.25
|
Total fixed expenses are $400,000 per year.
All three products are sold in highly competitive markets, so the company is unable to raise its prices without losing unacceptably large numbers of customers.
The company has a very effective lean production system, so there is no beginning or ending work in process or finished-goods inventories.
Using the module readings, the Argosy University online library resources, and the Internet, research break-even point and costing systems. Analyze the case based on your research and what you have learned so far in the course.
Respond to the following:
· Calculate the company's overall break-even point in total sales dollars. Explain your methodology (approximately 2 pages).
· Of the total fixed costs of $400,000: $20,000 could be avoided if the Velcro product were dropped, $80,000 if the Metal product were dropped, and $60,000 if the Nylon product were dropped. The remaining fixed costs of $240,000 consist of common fixed costs such as administrative salaries and rent on the factory building that could be avoided only by going out of business entirely (approximately 2 pages):
o Calculate the break-even point in units for each product. Explain your methodology.
o Determine the overall profit of the company if the company sells exactly the break-even quantity of each product. Present your results.
· Evaluate costing systems for this company. Explain if this company should be using a job-order or process-costing system to accumulate costs (1 page).
Be sure to include your calculations in Microsoft Excel format.
Write a 5–6-page report in Word format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M3_A2.doc.
B 6021 WEEK 4 DISCUSSION
Assignment 1: Discussion—Applying Balanced Scorecard
In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized, but other impacts, such as decreased quality, can be overlooked. These overlooked impacts can have a significant effect on the revenue and profitability of an organization. The balanced scorecard is a measure to assure that management is not exclusively driven by cost, but balanced with other measures that also can significantly influence the performance of an organization.
Using the module readings and the Argosy University online library resources, research balanced scorecard and its application.
Select a service industry organization of your choice. Complete the following for the selected organization:
· Recommend at least two performance measures in each of the balanced scorecard categories.
· Explain each of your recommendations.
· Using these measures as examples, explain how use of the balanced scorecard can increase the economic value added within the organization.
By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses.
Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
· Read your peers’ answers.
· Provide substantive comments by
o contributing new, relevant information from course readings, Web sites, or other sources;
o building on the remarks or questions of others; or
o sharing practical examples of key concepts from your professional or personal experiences
· Respond to feedback on your posting and provide feedback to other students on their ideas.
· Make sure your writing
o is clear, concise, and organized;
o demonstrates ethical scholarship in accurate representation and attribution of sources; and
· displays accurate spelling, grammar, and punctuation.
Comments
Post a Comment