Acc 400 Week 1 Textbook Essay

14. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?

Layer 6: Presentation - Layer 6 takes the data provided by the Application layer and converts it into a standard format that the other layers can understand.

EBITDA - Earnings before interest, taxes, depreciation and amortization is an indicator of a company's financial performance which is calculated in the following manner: ("EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization Definition | Investopedia," n.d.)

1. A company’s ending accounts receivable balance and the period’s advertising expense would be found on which financial statements, respectively

http://cfaonline.asu.edu/beatles E-mail preferred: mus354 beatles@mainex1.asu.edu The Beatles • John Hannon – vocals, rhythm guitar, keyboards, song writer • Paul McCartney – vocals, bass, guitar, keyboards, song writer • George Harrison – (Jazz), vocals, lead guitar, song writer (“something”) • Richard Starkey (Ringo Starr) – vocals, drums • Left-handed: Paul and Ringo Paul is a perfectionist Ringo – short, more like human being, oldest, older than John by 3 month 4 stage career – • 1958-1963 – formative, U.K. hits 62-63: “ Please please me”, “Love me do” 63: “She loves you, yeah yeah yeah”, “I want to hold your hand” • 1964-1965 – U.S. and World tours, pop hits • 1966-1968 – psychedelic sound and concept albums

From the first page of the case we have an estimate of $11 million cost of lost sales and backorders and $10 million associated with having too much of the wrong inventory. These costs are stated as being a conservative estimate.

14. A decision to work closely with a limited number of suppliers for the purpose of ensuring that the proper materials are available at the optimal time is an example of:

As a future educator, it will be my job to continue acknowledging, valuing and teaching Indigenous origins, histories and cultures using the Australian Institute for Teaching and School (AITSL) standard 2.4 and the Australian Curriculum. This will give my future students a better understanding that Aboriginal and Torres Strait Islander people were the first custodians of our Australian land and of their origins. They lived in Australia 60,000 years before the British settled in 1788. I will teach an Australian historical time line prior to 1788.

Debbie chose to return to school with the hopes of a pay raise which is her motivation. According to Herzberg’s two factor theory there may have been have of been many reasons for Debbie’s motivation. “Wages, Hours, Working conditions, Relationships with supervisors, Relationships with peers” Baack, D. E. & Fischer, A. (2013) can all be reasons in why Debbie had returned to school. These particular factors are all a motivation to push forward and succeed so ultimately “Achievements, Recognition, Actual work or job, Responsibility, Chance for advancement or growth”

A tenet of that theory is that enlightened egoists will recognize that socially responsible behavior will benefit them.

f) To evaluate the material misstatement in the accounts, I think both of the consolidated income statement and the three financial statements are useful. We need to use the information properly from all the financial statements. However the consolidated income statement is the most useful one. If there is a significant change in an account balance comparing with preceding two years, the auditor will examine whether there a material misstatement exists. For instance, the bad debt expense as a percent of net sales in 2011, 2010 and 2009 are 0.56%, 0.70% and 0.69%, respectively. There should

The wages of general production employees who are idled due to machine breakdown are classified as indirect costs. Direct costs are usually variable and change as production volumes change. Thus, direct materials and direct labor are typically variable costs. For special orders, some direct costs can be fixed, however. The costs (depreciation, electricity, and routine maintenance) associated with a machine dedicated to one product are direct costs of that product. Indirect costs cannot be easily and conveniently assigned to a special order. Rather, these costs are common costs, in that they are incurred to produce a variety of special orders. Maintenance costs of general purpose equipment, the supervisor’s salary, and utilities are direct costs needed to produce special orders in general, but are indirect costs for a particular special order. Moreover, general production costs, including property taxes, insurance, lawn care, cafeteria costs, and miscellaneous supplies consumed in production are indirect costs properly allocated to special orders manufactured.

ML had developed a policy of selling manual machines and renting automatic machines. Manual machines did not cost much, did not require service, and could be modified to attach different fasteners inexpensively. Automatic machines were rented on an annual basis because they would have been more expensive to sell and it provided annual income to ML. However, about 700 of the rented machines were returned each year. During the time that machines were in inventory, ML would modify the machines to attach different fasteners. This was expensive with an average cost per modification of $2000. If all 700 machines were modified during a given year this would have cost $1.4 million per year. It was also industry practice to provide preventative maintenance and

1. Use the Overhead Cost Activity Analysis in Exhibit 5 and other data on manufacturing

Manufacturing overhead, the third element of manufacturing cost, includes all costs of manufacturing except direct material and direct labor.