Cost Classification

You plan to open a business manufacturing collars, leashes, and harnesses for pets. To begin, you will manufacture these in a standard style and size with plans to expand your range over the year. In a few weeks, you will present your company’s financial strategy to some key investors. To begin creating your strategy, you need to consider and record all the costs associated with operating your business. You have decided to use the job order costing system.

Prompt

Use the given operational costs in the Milestone One Operational Costs Data Appendix document to complete the first two tabs, “Cost Classification” and “Variable and Fixed Costs,” in the Project Workbook.

Specifically, you must address the following rubric criteria:

  • Cost Classification. Accurately classify all your costs in the “Cost Classification” tab of your workbook.
    • Identify direct material, direct labor, overhead, and period costs. (Note: Fixed and variable costs have been classified for you.)
  • Variable and Fixed Costs. Complete the “Variable and Fixed Costs” tab of your workbook. (Note: Some costs are provided for you. Fill in only the missing costs.)
    • Determine your total variable cost per unit and the total fixed costs for each product. Show your work using calculations to the side of the table or using appropriate formulas in the table.

You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business.

The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs. You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services.

Salary and Hiring Data

  • One collar maker, who will be paid $16.00 per hour and work 40 hours per week
  • One leash maker, who will be paid $16.00 per hour and work 40 hours per week
  • One harness maker, who will be paid $17.00 per hour and work 40 hours per week
  • One receptionist, who will be paid $15.00 per hour and work 30 hours per week

Other Costs

  • Rent: $750 per month; allocate based on square footage
  • High-tensile strength nylon webbing—$12 per yard of webbing
    • 3 collars per yard of webbing
    • 2 leashes per yard of webbing
    • 2 harnesses per yard of webbing
  • Polyester/nylon ribbons—$9 per yard of ribbon
    • 3 collars per yard of ribbon
    • 2 leashes per yard of ribbon
    • 2 harnesses per yard of ribbon
  • Buckles made of cast hardware—$0.50 per buckle
    • 4 buckles used per collar
    • 3 buckles used per leash
    • 8 buckles used per harness
  • 3 industrial sewing machines at $3,300 each for a total of $9,900; depreciation is $165 per month (5-year life)
  • Utilities and insurance: $600 per month; allocate based on square footage
  • Scissors, thread, cording: $1,200
  • Price tags: $250 for 2,500 ($0.10 each)
  • Office supplies: $2,400 or $200 per month
  • Other business equipment: $2,000
  • Loan payment of $550 per month
  • Salary drawn of $500 per month

Mini Case in Financial Management: Theory and Practice

Mini Case in Financial Management: Theory and Practice

The purpose of this assignment is to analyze a firm’s capital structure and its impact on firm performance. Within the assignment, explain core concepts related to business risk and recommend sound financial decisions based on analysis of a firm’s capital structure and capital budgeting techniques.

(FIRST PART)Read the Chapter 15 Mini Case in Financial Management: Theory and Practice. Using complete sentences and academic vocabulary, please answer questions a and b.

(SECOND PART)Using the mini case information, write a 250-500 word recommendation of the financial decisions you propose for this company based on an analysis of its capital structure and capital budgeting techniques. Explain why you chose this recommendation.

Identify a specific consumer product that you or your  family have used for   quite some time

Identify a specific consumer product that you or your  family have used for   quite some time
Instructions

Identify a specific consumer product that you or your  family have used for   quite some time. This might be a branded smartphone (if you  have used several   versions over the years), laundry detergent, or even a  favorite fast food   establishment to which you are a loyal consumer. Consider the  various types of   analysis that were presented in the lesson and chapter  readings. Now, consider   the company responsible for producing your product of  choice. Postulate the   types of analysis that the company may have employed that  directly impacted   you  as a consumer. Did it change the price, the quality, the  experience, or   something else? Why did you stay loyal to the  product?

Your journal entry must be at least 200 words in length.  No references or   citations are necessary.

Business Process Costing 

Instructions
Business Process Costing

For this assignment, you will explain managerial concepts as they  pertain to   business process costing. You will select a business process,  describe the     inputs and outputs, and define the job roles. In your paper, you  will evaluate    the current process effectiveness, estimate the cost of the  process, and     propose any improvements for management’s consideration. Be sure  you have     reviewed the assigned chapters and required unit resources on business  process    management.

Instructions:

Consider a business  process using a firm with  which you are familiar.     Business processes include the  following tasks:

  • developing and managing products and services,
  • marketing and selling products and services,
  • managing customer service,
  • developing and managing human capital, and
  • managing information technology.

Once you have  identified the firm and business process, select, describe,     and discuss the  business process by elaborating on the following information:

  • what starts and what ends the process (inputs and outputs),
  • what roles (jobs) participate in the process (map them),
  • the effectiveness of the current process,
  • the cost of the process (document any assumptions), and
  • any improvements for management consideration.

Your  paper should be written in a  Word document and should be a minimum of    three  pages in length. You should include at least two resources to support     your  paper. Adhere to APA Style when  creating citations and  references.

Creating Your Personal Budget

Instructions
Creating Your Personal Budget

For this assignment, you will apply what  you have learned  in this unit to a   small business. To get the business’s  finances under control,  you need to     prepare a budget. You may consider items  from your personal finances  and cash    flow to help you identify possible expense  items for the small business      budget. Research the CSU Online Library or the  Internet for steps to creating    a  personal budget.

Monthly expenses might  include rent, utility costs,   personal loans, car     loans, credit cards,  groceries, childcare, vehicle   maintenance costs and     insurance, phone charges,  and cable or streaming costs.   Cash flow     considerations might include monthly  salaries, commissions, and   allowances.

You can use any budget format that you  are comfortable  with, or  you may     select a free template. Your budget should be  completed using  Excel.  Once    you  have completed your budget, in a separate Word  document, address  the     information below.

  • How can the use of the budget be used in the planning process?
  • How can this financial information influence short-term and long-term              decisions?
  • Based on your personal budget, what are your static expenses? What are              your flexible expenses?
  • As an accountant, reflect on how you can use what you have learned in this              activity in the workplace.

Your  submission should include one Excel document, which  contains your     budget, and  a  one-page Word document, which contains your  responses to the     prompts above.  You  should include at least two resources to  support your     responses. Adhere to  APA  Style when creating citations and  references for     this  assignment.

profit organization and non-profit organization

Q. Discuss any similarities and differences in the presentation of financial statements between profit organization, cooperative and non-profit organization. You may support your answer with illustrations.

MFRS (Malaysian accounting standards)

Read the following articles:

Mohamad, M., Otheman, I.W., & Mohamed, A. (2013). Accountability Issues and Challenges: The scenario for Malaysian cooperative movement. International Journal of Social, Behavioral, Educational, economic, Business and Industrial Engineering, 7(6), 1503-1508.

Roslan, N., Arshad, R., & Mohd Pauzi, N.F. (2017). Accountability and governance reporting by non-profit organizations. SHS Web of Conference, 36, 1-15.

check for turnitin zero similarities

answer in three pages including the illustrations

 Prepare a financial plan for the organization that you select for your business plan. APPLE

Financial plan for an organization

Prepare a financial plan for the organization that you select for your business plan. APPLE

Describe the organization, including the type of business.

Create the business case.

  • Determine why funding is needed for the company.
  • Determine the sources of funding. Consider self-funding, borrowing, loans, equity, venture capital, etc.
  • Evaluate the requirements of each of the funding sources that you plan to use.
  • Analyze the risks that are associated with each funding source.
  • Decide which sources are the best fit for your company based on the requirements of each. Justify your decision.
  • Estimate the cost of capital for both short-term and long-term funding sources. Research current estimated APRs for your selected sources of funding. Create a table or chart to display this information.

Estimate direct costs, including capital, marketing, labor, equipment, and inventory/supply costs.

Prepare a budget that includes starting balances, monthly costs, loan/investment payments, cash flow projections, and required revenue.

Create a profit-and-loss statement for a 3-year period. Provide a revenue forecast, stating realistic assumptions, such as growth per year, in your projections.

Explain the efficiency perspective and the opportunistic perspective of Positive Accounting Theory

INSTRUCTION:

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  • ➢  This assignment consists of two question. The due date and time is noted above.
  • ➢  It is your responsibility to ensure you factor in any time difference between
    Darwin and other locations when submitting your assignment.
  • ➢  Please upload your file using the submission point for the assignment on Learnline.
  • ➢  Assignments submitted via e-mail will NOT be accepted.
  • ➢  There is no need to complete a university cover sheet but DO please include your
    name, Student Number, and your tutor’s name.
    Ethics:

➢ This is not a group assignment; it is an individual assessment. Your answers will likely be different from other students. If portions of your assignment are copied or very close to copying, all parties will be penalised for copying. Copying would be considered plagiarism and CDU has restrict policies in this regard (please seehttps://www.cdu.edu.au/academic-integrity for details).

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ACT505 Assignment 2, Semester , 2021 Page 1

Question One (15 Marks)

Banks to slash extra 1000 jobs

On 21st August 2002 the Commonwealth Bank (CBA) announced that it would slash 1550 jobs while creating 550 jobs, a net loss of 1000 jobs. It planned to reduce inefficient operations, task duplication & some back-office processing functions, but stated that it would not close more branches even where closures had been planned. The news received hostile reactions from both unions and consumer advocates like the Australian Consumers’ Association (ACA).

Union officials said that the job cuts were scandalous, and that bank staff were suffering from uncertainty following previous cuts and closures. ‘ It is unbelievable’ said Tony Beck, Finance Sector Union national secretary. ‘ They have just shed 500 jobs, all from the retail network. Now we get this punch with another 1000 jobs.’

The ACA was equally unimpressed. Its finance policy officer Catherine Wolthuizen asked when the losses would stop. ‘ How much profit is enough for greedy banks like CBA and how much further will it flout consumer and community demands before the Government acts?’

The ACA wants a social charter set up to delineate minimum standards around access to banking and affordability. It has been lobbying the Federal Government to act for consumers in the face of massive bank profits.

CBA’s annual profit leapt 11percent to $2655 billion in the previous financial year, increasing income (over $1.8m) from fees, commissions and other charges contributing to the profit surge. The strong housing market contributed to an increase in lending fees income: $618m, up 3percent. Commissions and other fees raised a massive $1.242 billion, up 6 percent.

Required:

Explain whether you think the banks would or should respond to the concerns of the ACSA and/or concerns of the Finance Sector Union. What theory(s) did you rely on (if any) to form your judgement?

Question Two (Marks 15)

Explain the efficiency perspective and the opportunistic perspective of Positive Accounting Theory. Why is one considered to be ex post and the other ex ante?
Give two examples to illustrate your answer.

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ACT505 Assignment 2, Semester , 2021 Page 2

provide some perspective on the ERP Program currently being implemented at OSU

Scenario

You have just completed your degree and have now joined Abbott, Bronson and Cole, a professional services firm with a strong practice in Higher Education.   You just learned about your first assignment — to help a major university develop plans for a major ERP implementation covering all business operations of the university, and potentially the academic functions as well.

One of the ABC partners, Patricia Abbott, asked that you provide some perspective on the ERP Program currently being implemented at OSU.  She has asked that you prepare a brief memo summarizing the OSU effort.

Your Assignment:

Research the Workday Program at OSU.  Fortunately, The university has provided a website for the community to enhance understanding and awareness for the entire Buckeye community.  This should be your starting place:

https://enterprise-project.osu.edu/about/workday-explained (Links to an external site.)

Navigate from the home page to learn about the capabilities and features of the new business model.  Once you have a good sense of the program, write a brief memo summarizing your findings.  Your memo should address these questions, if possible:

  1. Program Scope:  What business and academic functions will be moved over to the ERP Platform?
  2. ERP Product Suite Selected: Given that WorkDay is the core software suite being deployed, what are the key features/characteristics of the solution.  Are other solutions included within the program as well?
  3. Business Objectives: What does OSU hope to achieve through its implementation program?
  4. Timing and Progress:  What is the implementation timing?  How long will it take, and where is OSU today?
  5. Audit Implications: Are there any accounting and auditing implications that come to mind?

Document your observations in a short memo to Patricia —  1-2 pages, single-spaced.  Be sure to follow class standards for writing memos.  (See sample document.)

Additional Tips:

1. This assignment is intended to get you thinking about the complexity of today’s business environment, and also the inherent risks associated with new ways of doing business.  Additionally, you should gain some preliminary insights into the impact of ERP software on the business environment.  The assignment is also intended to reinforce business writing skills, so be sure to format your response in a well-organized business memo.

2.  You should not conduct extensive research on either Workday or OSU.  Rather, your memo should be a guide for additional in-depth research at a later point.

3. Be sure to follow class standards for writing memos.

Analytic Hierarchy Process

Project and term paper: Based on methods and tools you learned about the Analytic Hierarchy Process (AHP) in this course, with the explicit exception of Multifactor Evaluation Process, conduct a project for a realistic application of quantitative analysis to your business or personal decisions.

The term paper for this project should include:

(1) A one-page description of your problem and its importance

(2) A one-page discussion of the solution procedure and the rationale

(3) One or more pages of presentation of your quantitative analysis and results

(4) One or more pages of discussion of your insights, critique, and possible expansion for the application