# GB519: Measurement and Decision Making

\$21.00

Category:

## Description

Assignment Details and Rubric
Unit 6

[GB519: Measurement and Decision Making]

Assignment: Data, Inferences, Financial Analysis and Reasoning Used for Decision-making
These exercises provide you with some valuable experience computing and evaluating metrics used in
decision-making based on business data. To the extent that you can master these necessary skills you
can become a more effective manager.

Complete the exercises and problems in WileyPLUS except for the one essay question to be
completed in a Word document and submitted via the Dropbox:

Exercise 12-8 in WileyPLUS
Incorporate data, inferences and reasoning to complete a properly compute ratio analysis.

Exercise 12-11 in WileyPLUS
Incorporate data, inferences and reasoning to determine business valuations relevant to stakeholders.

Problem 12-14 in WileyPLUS
Incorporate data, inferences and reasoning to compare results from different organizations using
common-size analysis.

Problem 13-23 in WileyPLUS
Incorporate data, inferences and reasoning to complete a properly prepared cash flow statement using
the indirect method.

Essay Question 164 â€“ in a Word document and submitted to the Dropbox
Incorporate data, inferences and reasoning to analyze different methodologies for creating cash flow
statements.
Details: Essay Question 164

Page 1 of 3

Unit 6

[GB519: Measurement and Decision Making]

You have been assigned to a team responsible for evaluating the company results based on the
statement of cash flows. One of your responsibilities is to determine how much cash should be kept on
hand. On the statement of cash flows your team has identified the following issues:
â€¢ Operating activities did not generate a positive cash flow
â€¢ Cash was generated primarily from the sale of plant assets
â€¢ Additional shares of stock were sold during the year
â€¢ No loans were taken out during the year, and a substantial portion of debt was retired

Required:
Answer the following questions relating to interpreting the statement of cash flows.
a. Why is it important for a company to generate cash from operating activities on a consistent basis?
b. What might a trend toward providing cash through investing activities suggest about a business?
c. What factors might influence how much cash should be kept on hand?

You must access your unit Assignment exercises and problems in WileyPLUS. All of the problems and
exercises should be completed within WileyPLUS except the essay question 164 which should be
accessed in WileyPLUS but created in a Microsoft Word document and uploaded to the Dropbox for
Unit 6 Assignment before the end of the unit. Your grade will be automatically entered in the gradebook
after you submit your responses for the WileyPLUS portion. Your essay portion will be graded by your
instructor.
The Unit 6 Assignment will be completed
in WileyPLUS and the essay question in
a Word document uploaded to the
Dropbox. The point values for each
exercise or problem is allocated
according to this rubric.

Please remember to bring any
questions to the Virtual Office. Also,
the Business Tutors are available
Sundayâ€“Tuesday.

Unit 6 Assignment Rubric:

Page 2 of 3

Unit 6

[GB519: Measurement and Decision Making]

Category/Description

Points
Points Instructor Additional Comments (If
Possible Earned necessary)

Exercise 12-8

10

Exercise 12-11

10

Exercise 12-14

10

Problem 13-23

10

Essay question 164 (Dropbox)

15

Content Subtotal

Analysis/Format/Grammar/Spelling

Final Score

55

0
*Up to 5 points may be deducted if
format or presentation incorrect or if
there is incorrect spelling and grammar.

*

55

0

Page 3 of 3

## Reviews

There are no reviews yet.

\$21.00

Category:

u

# unit 2 : Unit 2: Introduction to Job Costing, Activity Based Costing, Process Costing and Customer Profitability Analysis. – Quiz

 1.Volume-based cost accounting systems often do a poor job of product costing because they: (Points : 2)

2.ABC Company listed the following data for 2010:

 Budgeted Factory Overhead \$1,044,000 Budgeted Direct Labor Hours 72,000 Budgeted Machine Hours 24,000 Actual Factory Overhead 1,037,400 Actual Direct Labor Hours 72,000 Actual Machine Hours 23,000

Round calculations to two significant digits.

Assuming ABC Company applied overhead based on direct labor hours, the company’s predetermined overhead rate for 2010 is: (Points : 2)

 3.The sum of units transferred out and ending inventory units, assuming no spoilage, determines the: (Points : 2)

 4.A time ticket: (Points : 2)

 5.Which one of the following is the amount of factory overhead applied that exceeds the actual factory overhead cost? (Points : 2)

 6.Which method is a method used to prepare the departmental production cost report when using a process cost system? (Points : 2)

 7.The journal entry to record incurred direct labor would include a credit to: (Points : 2)

 8.The costs of operating a regional warehouse is an example of a: (Points : 2)

 9.Normal spoilage is defined as: (Points : 2)

 10.Firms should use a process costing system when they produce products that: (Points : 2)

 11.From the industries listed below, which one is most likely to use process costing in accounting for production costs? (Points : 2)

 12.The number of the same or similar units that could have been produced given the amount of work actually performed on both complete and partially complete units is referred to as: (Points : 2)

 13.The major limitation of volume-based costing systems is the use of volume-based: (Points : 2)

 14.Multistage ABC is used when: (Points : 2)

 15.With the increase in competition over the past several years, traditional cost accounting systems have become less common in product costing because (Points : 2)

 16.A Production Cost Report summarizes all except: (Points : 2)

 17.In a process costing system, the cost of abnormal spoilage should be: (Points : 2)

 18.For job costing in service industries, overhead costs are usually applied to jobs based on: (Points : 2)

19.Roussey Co. had the following information for the month of June:

 Work-in-Progress Inventory â€“ 6/1 2,000 Units Units Transferred In 10,000 Units Work-in-Progress Inventory â€“ 6/30 3,000 Units

Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 40 percent complete as to conversion. Materials are added at the end of the process.

The equivalent units for materials under the weighted-average method are calculated to be: (Points : 2)

 20.Under conventional job costing, factory overhead costs are assigned to products or services using labor or machine hours which are: (Points : 2)

 21.Which one of the following is a high value-added activity? (Points : 2)

22.Jackson Inc. listed the following data for 2010:

 Budgeted Factory Overhead \$1,300,000 Budgeted Direct Labor Hours 82,000 Budgeted Machine Hours 41,000 Actual Factory Overhead 1,201,000 Actual Direct Labor Hours 86,300 Actual Machine Hours 39,400

Round calculations to two significant digits.

Assuming Jackson Inc. applied overhead based on machine hours, the firm’s predetermined overhead rate for 2010 is: (Points : 2)

 23.The three major differences between process and job order costing systems are those relating to: (Points : 2)

24.Oregonian Fisheries Inc. processes king salmon for various distributors. Two departments are involved â€” processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2010 are provided below:

 Percent Completed Tons of King Salmon Materials Conversion Work-in-Progress Inventory â€“ 6/1 1,800 90 80 Work-in-Progress Inventory â€“ 6/30 2,800 60 40 Started Processing During June 7,800

Total equivalent units for conversion under the weighted-average method are calculated to be: (Points : 2)

25.Roussey Co. had the following information for the month of June:

 Work-in-Progress Inventory â€“ 6/1 2,000 Units Units Transferred In 10,000 Units Work-in-Progress Inventory â€“ 6/30 3,000 Units

Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 40 percent complete as to conversion. Materials are added at the end of the process.

How many units were completed in June? (Points : 2)

## Reviews

There are no reviews yet.

# GB519: Measurement and Decision Making

\$26.00

Category:

## Description

The Unit 3 Assignment includes the following textbook problems:

Exercise 9-35 â€“ found on page 350 in your textbook

Problem 10-43 â€“ found on page 407 in your textbook

Submit your assignment using a single Excel workbook. Place each exercise/problem on a separate tab (sheet). Format the Excel spreadsheet to make all computations. The computations must be included in the assignment solutions. Be sure that you highlight or otherwise distinguish the answers.

When you have completed the assignment, upload your completed Excel document to the Unit 3 Assignment Dropbox before Tuesday, 11:59 PM (ET) of Unit 3. Name your assignment filename using this format: LastName_FirstName_Unit#_AssignmentName. For example, the Unit 3 assignment would be named:

10-43 Accounts Receivable Collections Esplanade Companyâ€™s credit sales have the following historical

pattern:

70 percent collected in the month of sale

15 percent collected in the first month after month of sale

10 percent collected in the second month after month of sale

4 percent collected in the third month after month of sale

1 percent uncollectible

The following sales on open account (credit sales) have been budgeted for the last six months in

2010:

July \$60,000 October 90,000

August 70,000 November 100,000

September 80,000 December 85,000

Required

1. Determine the estimated total cash collections from accounts receivable during October 2010.

2. Compute the estimated total cash collections during the fourth quarter from credit sales of the fourth quarter

9-35 CVP Analysis Connelly, Inc., a manufacturer of quality electric ice cream makers, has experienced

a steady growth in sales over the past few years. Since her business has grown, Jan DeJaney, the

president, believes she needs an aggressive advertising campaign next year to maintain the companyâ€™s

growth. To prepare for the growth, the accountant prepared the following data for the current year:

Variable costs per ice cream maker

Direct labor \$ 13.50

Direct materials 14.50

Variable overhead 6.00

Total variable costs \$ 34.00

Fixed costs

Manufacturing \$ 82,500

Selling 42,000

Administrative 356,000

Total fixed costs \$480,500

Selling price per unit \$ 65.00

Expected sales (units) 30,000

Required

1. If the costs and sales price remain the same, what is the projected operating profit for the coming year?

2. What is the breakeven point in units for the coming year?

3. Jan has set the sales target for 35,000 ice cream makers which she thinks she can achieve by an additional

fixed selling expense of \$200,000 for advertising. All other costs remain as in requirement 1. What will

be the operating profit if the additional \$200,000 is spent on advertising and sales rise to 35,000 units?

4. What will be the new breakeven point if the additional \$200,000 is spent on advertising?

5. If the additional \$200,000 is spent for advertising in the next year, what is the required sales level in

units to equal the current yearâ€™s income at 30,000 units?

## Reviews

There are no reviews yet.