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a) You are developing schedule estimates (and costs). Why should you document assumptions and not just show the generated baseline schedule and budget alone?       b) Someone suggest you build your WBS by going to each functional department and meeting with a representative to get their take on required work packages, precedencies, and durations. Why might you decline to follow this advice if you want to have a successful project?       c) You have recently been promoted to the position of project manager at your company. Your team consist of senior members of the technical staff, and it is time to set up the team operating rules. You expect some resistance because they see you as “wet behind the ears.” How would you go about doing this?

Give an example of accounting problem that uses Contribution margin ratio, For that problem, there should be 3 requirements or questions then write a short narrative of your analysis of the problem. Explain what theories/ concepts apply, how, and why. Then present the solution/computation. Write a short narrative explaining the meaning of the final answer - its implication to thefirm. Write a short recommendation/conclusion based on the analysis and solutions. You solved a current problem only. How can you provide for the future? What about contingencies that may arise? What proactive measures can you take?

Can you provide samples/examples of tasks for developing the costing and profitability model for a new product? Should include the following: o   A table showing the list of the parameters used in your model o   A breakdown of the expected production costs and profitability o   Calculation of the NPV of expected sales/ profitability o   A sensitivity analysis that accounts for changes in any three (3) parameters of your model. o   At least two trade-off rules you developed for your product development

Instructions:  Designate the best answer for each of the following questions. 1.Which of the following is a responsibility center that incurs expenses, generates revenues, and is responsible for generating a return on assets? a.              Cost center b.              Revenue center c.              Profit center d.              Investment center   2.Which one of the following is the most useful measure for evaluating a manager's performance in controlling revenues and costs in a profit center? a.              Contribution margin b.              Contribution net income c.              Contribution gross profit d.              Controllable margin    3.Hanover Corporation desires to earn target net income of $42,000. The selling price per unit is $18, unit variable cost is $5.60, and total fixed costs are $123,912. How many units must the company sell to earn its target net income? a.              13,380 b.              9,993 c.              3,387 d.              9,217   4.Remark…

Compute for the joint cost allocated to Reta. (SOLUTIONS MUST BE IN GOOD ACCOUNTING FORM. EXCEL FORM WOULD BE GREAT. ACCOUNT TITLES ON THE LEFT, AMOUNTS ON THE RIGHT. USE TABLE IF NECESSARY. AVOID PARENTHETICAL SOLUTIONS. THANKS, A LOT!)

Organizations allocate capacity costs for A. estimating changes in capacity costs for long run decisions B. calculating income in accordance with GAAP C. influnecing the behavior of employees D. All of the above E. None of the above

Variance analysis can be useful in nonmanufacturing entities, especially when tasks are repetitive in nature. This allows management to analyze costs and make decisions to avoid higher expenses. In addition to the previous example involving housekeeping and hotels, can you think of any service-type repetitive tasks that could benefit from management analysis? Please respond to at least one classmate and cite at least one reference (can use your book as one reference).

n your initial post, summarize the key concepts and benefits of economic order quantity (EOQ). Illustrate the computations and underlying assumptions associated with the use of this tool. Hypothesize how EOQ could conflict with a manager’s performance evaluation goals.

What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting process.  b.It  aids  management  in  cost  cutting  and/or  cost  control  and  inferentially  in  product  profitability. c.It causes managers to identify non-value added activities and therefore encourages thinking of means of reducing such activities. d.Is more complex than traditional accounting system because it uses multiple cost application rates, one for each activity or cost pool.

An analyst has started preparing a spreadsheet as shown below. Column A contains the headings for various parameters and Column B contains the analyst's range names to be used in Excel. A 1 Price per Unit 2 Cost per Unit 3 Profit per Unit Price_per_Unit Cost per Unit Profit$_per_Unit 4. 5 Fixed Costs 6 Variable Costs Fixed Costs VariableCosts Label each of the following range names as "Correct" if is a valid range name in Excel or "Incorrect" if the range name is not valid for use in Excel. Proposed Range Name Price_per_Unit Cost per Unit Profit$_per_Unit Fixed Costs VariableCosts

XYZ Inc, is a BPO company that carters to different services: call.center.finance, and information technology name a possible indirect cost to be incurred by the company and the activity drivers to use to be able to allocate to each type of service.

The contribution income statement would require a firm to: Restructure its accounting system to accommodate activity-based costing. Separate costs into fixed and variable categories. Separate revenue into different categories. Round off amounts to the nearest dollar. Ignore some estimated fixed expenses, such as depreciation, that don't involve a cash outlay.

(Ch 8) Which departments in an organization produce services for external customers?   Question 1 options:   Support departments.   Dual-rate departments.   Operating departments.   Sales departments. (Ch 8) When allocating support department costs, managers must identify cost pools.  The choice of cost pools is:   Question 2 options:   not influenced by the allocation base.   not important, because all support department costs will eventually be allocated anyway.   influenced by the design of the accounting information system.   determined by whether a company uses IFRS or ASPE.

company You are a management accountant of EON and Brothers Ltd., a manufacturing that produces two products simultaneously in one of their production plants. You are asked to produce a management report on costing techniques. This company follows a traditional approach to costing and absorbs production overhead using machine hours. The company's policy is to add a 50% markup on the unit cost to obtain the selling price. The relevant information is given below: EON and Brothers Ltd. produces two similar products called Alfa and Beta. Total Overheads = £155,000 Machine Hours = 58980 hrs Product Alfa Beta Production Units 2,580 5,100 Material Cost per unit £31 £51 Labour Cost per unit £21 £17 Machine Hours per unit 11 16 After discussing with all the important people of the production plant you have allocated the overhead costs as mentioned below: % Overheads Set up Costs 30 Inspections 40 Materials Handling 30 Cost Pools are as mentioned below: Alfa Beta Total Setups 400 65 465…

6 Chapter 10 deals with Cost/Benefit Analysis. Cost/Benefit Analysis are usually performed by people who work in finance, such as accountants, but our textbook tells us that anyone can do a simple Cost/Benefit Analysis. There are 3 primary variables in a Cost/Benefit Analysis – fixed costs, variable costs, and benefit. Should every program or research study begin or end with a Cost/Benefit Analysis – should you do an analysis before the work is done or after the study is completed?

Using performance reports to evaluate cost, revenue, and profit centers Management by exception is a term often used in performance evaluation. Describe management by exception and how it is used in the evaluation of cost, revenue, and profit centers.

With the aid of computer software, managers can vary assumptions regardingselling prices, costs, and volume and can immediately see the effects of eachchange on the break-even point and profit. Such an analysis is called A. “What if” or sensitivity analysis.B. Vary the data analysis.C. Computer aided analysis.D. Data gathering.

Multiple Choice 1. Which of the following statements is incorrect? a. Service departments provide services to other departments. b. Service departments are not the same as user departments. c. An intermediate cost center is any cost center whose costs are charged to other TELE departments. d. A final cost center is any cost center whose costs are not allocated to other cost centers. TE When finished, make sure to click Submit. Optionally, click Save as Draft to save changes and continue working later, or click Can changes. 3 Cancel 38°F Clear Save

Yau are the project munager for a technical implementstion project. The customer has requested that you factor in the after-the-project costs such as maintenance and sence. This is in example of which one of the following. A. Life griecosts B. Scope creep C Propect spin olf 0, Operations

Aquatic Line Company (ALC) manufactures a variety of strong and durable ropes. The company manufactures all their products in a large factory located near Nephi, Utah. All the types of ropes the company manufactures can be produced using the same machines in the factory. Workers can adjust the machines to produce the specific type of rope needed for production. ALC is reviewing the profitability of its products to understand if changes need to be made to its product portfolio. Product N3 is a heavy, durable rope used to secure ships when they dock. The following is the product-line contribution margin statement for the most recent year. Revenue $ 1,150,000 Variable Costs Direct Material 600,000 Direct Labor $ 100,000 Variable Overhead $ 150,000 Shipping 85,000 Contribution Margin $ 215,000 Fixed Costs Rent Indirect Labor Marketing Operating Income 50,000 $ 115,000 $ 56,000 (6,000) For the most recent year, ALC sold 10,000 yards of N3. The sales price of N3 is $115 per yard. Management…

Companies using activity-based costing (ABC) have learned that costs are a function of: Multiple Choice volume and complexity. time and complexity. volume and time. resources and time. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

When using the general methods to estimate cost behavior,  A. It is a good idea to use multiple methods so results can be compared B. Managers often apply their own best judgement as a first step in the estimation process C. Results are likely to differ from method to method D. Large differences in methods suggest that the cost cannot be estimated.

Winters, Inc. is preparing financial statements to be distributed to investors and creditors. The company should prepare the income statement using a. variable costing because it is better for planning purposes. b. variable costing because it follows GAAP. c. absorption costing because it is better for controlling purposes. d. absorption costing because it follows GAAP.

Course Objectives:   Compute sales units given operating income, selling price and variable cost per unit. Prepare a contribution margin income statement, clearly showing contribution Use CVP analysis to compute breakeven point and margin of safety Analyze the impact which changes in sales volume and total fixed costs will have on the breakeven point, margin of safety and operating income Explain the impact of errors such as the omission of fixed on the decision making process.   Darius Manufacturing Company manufactures and sells parts for various musical gadgets. The business earned Operating Income of $420,000 in 2018, when selling price per unit was $200 and the president of Darius is under pressure to increase operating income in 2019 and is therefore considering the implementation of strategies geared at increasing revenues. Data for variable cost per unit and total fixed costs were as follows: Variable expenses per unit:             Direct Material $20…