Westcliff University Information Technology Paper – Description
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Preparing for Pa1
Most leaders understand the importance of planning. Individuals at all levels in an organization tend to be more comfortable when there is a plan in place because it reminds them of their goal. A plan provides the course of action to take and helps them get there in the most straightforward way. Foster the skill of great planning by reviewing Professional Assignment I and complete Part I.
Part I: Complete the following homework problems from the end of the chapters: E1-4, E1-5, E1-6, E1-9
Pa1
Part I: Complete the following homework problems from the end of the chapters: E1-4, E1-5, E1-6, E1-9
Part II: Complete the following homework problems from the end of the chapters: E2-1, E2-2, E2-4, E2-7, E2-17, and P2-3A
Part III:
Choose a major publicly traded corporation, then go to the corporation’s site and retrieve the information needed for this assignment.
Provide information about the history of the corporation and its current product offerings.
Provide a screenshot of the corporate’s latest reported income statement.
Organize the income statement in an Excel file to enable you to verify the arithmetic in the income statement, and explain your verifications.
Also, explain the nature of each item in the income statement.
All submissions should be in one Word file.
Read your textbook and other peer-reviewed publications, write a minimum of three (3) pages of high quality well-written APA formatted standard about the following scenario. Please keep in mind that this assignment is quantitative, therefore do not forget to use the figures and charts.
Information for the Hi-Test company’s production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process.
Compute each of the following.
The number of equivalent units for materials for the month.
The number of equivalent units for conversion for the month.
The variable cost per equivalent unit of materials for the month.
The variable cost per equivalent unit for conversion for the month.
The total variable cost of goods transferred out.
The total variable cost of ending work in process inventory.
CLA1
For this assignment, develop a 4 to 6 page response containing written narrative, figures, and charts.
Milano Co. manufactures and sells three products: product 1, product 2, and product 3. Their unit selling prices are product 1, $40; product 2, $30; and product 3, $20. The per unit variable costs to manufacture and sell these products are product 1, $30; product 2, $15; and product 3, $8. Their sales mix is reflected in a ratio of 6:4:2. Annual fixed costs shared by all three products are $270,000. One type of raw material has been used to manufacture products 1 and 2. The company has developed a new material of equal quality for less cost. The new material would reduce variable costs per unit as follows: product 1 by $10 and product 2 by $5. However, the new material requires new equipment, which will increase annual fixed costs by $50,000.
If the company continues to use the old material, determine its break-even point in both sales units and sales dollars of each individual product.
If the company uses the new material, determine its new break-even point in both sales units and sales dollars of each individual product. (Round to the next whole unit.)
What insight does this analysis offer management for long-term planning?
PA2
Read your textbook and other peer-reviewed publications, write a minimum of three (3) pages of high quality well-written APA formatted standard about the following scenario. Please keep in mind that this assignment is quantitative, therefore do not forget to use the figures and charts.
Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product costs for the quarter follow.
Sales are 20% cash and 80% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash; $45,000 in accounts receivable; $4,500 in accounts payable; and a $5,000 balance in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($4,000 per month), and rent ($6,500 per month).
Prepare a cash budget for each of the months of July, August, and September. (Round amounts to the dollar.)
CLA2
For this assignment, develop a 4- to 6-page response containing written narrative, figures, and charts. Cite four (4) peer-reviewed articles not including your textbook.
Provide general discussion on predetermined variable overhead criterion and its possible dependence on the activity for which it is used. Provide a variable costing income statement in which variable overhead is divided among different activities, and that each activity has its own predetermined variable overhead criterion.
The following is a partially completed lower section of a departmental expense allocation for Cozy Bookstore. It reports the total amounts of direct and indirect expenses allocated to its five (5) departments. Allocate the expenses of the two service departments (advertising and purchasing) to the three operating departments and provide the complete income statement.
Advertising and purchasing department expenses are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows.
Phoenix Company’s 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units.
Classify all items listed in the fixed budget as variable or fixed.
Also determine their amounts per unit or their amounts for the year, as appropriate.
Identify the unit variable costs in the format of variable costing, according to your findings in part a
Organize a template for variable costing income statements in which the sales volume is a variable.
Test your template for 15,000 units sales volume to see if you get the same income as stated above
Find the breakeven point and provide the income statement at break even
Provide income statement at sales volume 12,000, 14,000, 16,000, and 18,000
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