Acct 505 Midterm

Wages paid to an assembly line worker in a factory are a   2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n)   3. Question : (TCO A) Depreciation of office buildings and office equipment is also known as   4. Question : (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? 5. Question : (TCO F) Which of the following statements is true? I. Overhead application may be made slowly as a job is worked on. The Illinois Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 150,000 75% 55% Work in process, Jun 30 145,000 85% 75% The department started 475,000 units into production during the month and transferred 480,000 completed units to the next department. Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs. 3. Question : (TCO B) A tile manufacturer has supplied the following data:   Boxes of tile produced and sold 625,000 Sales revenue $2,975,000 Variable manufacturing expense $1,720,000 Fixed manufacturing expense $790,000 Variable selling and admin expense $152,000 Fixed selling and admin expense $133,000 Net operating income $180,000 Required: a. Calculate the companys unit contribution margin. b. Calculate the companys unit contribution ratio. c. If the company increases its unit sales volume by 5% without increasing its fixed expenses, what would the companys net operating income be? 4. Question : (TCO E) Lehne Company, which has only one product, has provided the following data concerning its most recent month of operations:   Selling price $ 125 Units in beginning inventory 600 Units oroduced 3000 Units sold 3500 Units in ending inventory 100 Variable costs per unit: Direct materials $ 15 Direct labor $ 50 Variable manufacturing overhead $ 8 Variable selling and admin $ 12 Fixed costs: Fixed manufacturing overhead $ 75,000 Fixed selling and admin $ 20,000 The company produces the same number of units every month, although the sales in units vary from month to month. The companys variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare an income statement for the month using the variable costing method. d. Prepare an income statement for the month using the absorption costing method.

Business Decision Document and Evaluation Assignment

Business Decision Document and Evaluation - Assignment Example This is based upon a number of ethical considerations and leadership and "business scorecard" approaches to decision making which have taken into account all the exogenous and internal factors present here which should ultimately affect the bidding contract and the willingness of the stakeholders to participate in an activity which is profitable and ethical. 3. In my advice I have taken into account the special consideration of being able to foresee arrangements under the Private Finance Initiative (PFI) where the Hospital will be subsequently leased to the public sector/NHS.I have been made aware of the strong preference of our investment partners as to the presence of a single hospital serving the entire district in the interests of attracting specialists and for better economies of scale. However it has to be understood that the transport links across the district are not good with very poor bus services particular from and to the east side of the district. Overall it will be a better decision to have to more than one hospital. In the absence of that initiative then it is better to decide upon a site that has better access to transport and fewer access problems. The decision document and its relevant considerations 4. Poor transport linking is the obvious problem with Site A (Old Colliery) which is a disused mining site situated in the east of the district. This is because it has been stated that the transport links are poor. This may be an economical site due to the low quality environment and the availability of cheap labour however this may not be worth the ethical issues which would arise due to the doubts as to health issues here. I have been made aware of the unconfirmed rumours that part of the site was used at one time as a hazardous chemical dump and the unhealthy environment around the site which lacks greenery for the safety of the patients. 5. Coming to Site B (Dams Nature Reserve) I have been made aware that the site has the advantage of being accessible and acceptable for the residence of the professional staff. However I have also been made aware of the fact that the nature reserve itself has been declared a Site of Special Scientific Interest (SSSI) due to the presence of Great Crested Newts in some of the ponds and wetlands. I have also been told about the "Newts" and the financial strategy being offered to rid of these "Newts" with the involvement of the local area authority. However based on my personal ethics and professional values I would strongly oppose such a measure and although I would have chosen this site for what it offers I cannot approve of the means of procuring it. 6. The third site is the Site C: (Derelict Woolen Mill Complex) which is my primary choice for this hospital(s)l. This is primarily due its good motorway access here and the reasonable accommodation rates so the place does not become unaffordable for the poor patients converted into apartments. The only problem should be parking and further

Internship Essay Example | Topics and Well Written Essays - 750 words - 3

Internship - Essay Example Having worked with MGL, I have gained a lot of experience about designing especially in the outdoor environment. During the internship period I developed a marketing strategy for the company in which I advised on building eco- friendly buildings. My internship application was accepted without any problem since I explained my intention of consulting on eco-friendly ways of building & construction. Certainly now the company has enormous information on advantages of having green buildings. Notably, having a LEED certificate is a big achievement as it alters the way we think in when it comes to designing buildings. There are many benefits for construction companies with LEED certification. One of the benefits is lowering operating costs which is brought about because green buildings tend to have renewable sources of energy such as solar. With this equipment’s installed the cost of power is lowered thus bringing about energy savings in the organization. This is a great advantage to the business as the costs of operation go down while sales go upwards. It should be noted that the only one way for a company to be recognized as having gone green is to obtain the LEED certification. Utilizing green technologies in building and construction presents an opportunity of protecting the environment. MGL Construction Company has 20 workers currently and they exhibit a lot of teamwork. I was significantly involved in the preparation of documents about the LEED certificate and advising on advantages of green buildings. During my internship work the company was building a restaurant in Denver. The environment has been subjected to many injustices in the recent past owing to industrial development, urbanization and settlements. Green building technologies present one of the most important steps in the direction of mitigating the situation. Typically, many people living in major towns in developed and developing countries are in unhealthy

The income gap between the rich and the poor in China Research Paper

The income gap between the rich and the poor in China - Research Paper Example Over the last decade, China has exceeded the Gini coefficient index threshold by 0.4 close to the warning level given by the United Nations (Cai, 128). This article analyzes the extent of the income disparity in China between the rich and the poor, it cause and effect and the plausible solutions to this problem. Research has shown that income disparity in China between the rich and the poor have continued to increase since 1978 when China opened it boundaries for trade with the rest of the world. According to the China national bureau of statistics, the standard income earning of the 10% richest people in china was 10.9 times higher compared to that of the 10% poorest in the year 2009. In 1985, the figure was just 2. 9 times ((Anon, 148). It can be seen that the gap between the poor has thus increased incredibly. Since 1978 when China opened it door to international trade, per capital income has increased unbelievably. For instance, within the period of 1985 to 2010, the per capital income has increased by 55 times. This has however come from the urban area with the rural area experiencing lesser growth. The earning gap between the rural and city dwellers had reduced from 2.6 to 2.5 times in the 1970 and from 2.3 to 1.9 times in the 80s. However, it widened to 3.3 times in 2009. This is disregarding the fact that there are some social amenities such as good roads, health care house subsidies and other amenities enjoyed by the city dweller which are not available to the rural people further increasing the disparity (Cai, 130). This thus implies that the disparity many even be more than six times larger. The major obstacle in overcoming the income disparity issue is because the affluent have a greater opportunity of increasing their wealth compared to other people. For instance, from 1985 to 2010, the rich recorded a 38 fold increase in their earnings; the people in the middle class register a 21fold increase while the poor only

Booktalking Essay Example | Topics and Well Written Essays - 2250 words

Booktalking - Essay Example This is like a trailer of a movie-the good snippets to get their attention Type B : The Discussion: This kind of booktalk generally begins by the booktalker asking a few questions of The questions generally summon them to step into the character's shoes and draws out answer in the form of yes or no from them. From here on he moves to discuss an interesting scene or plot from the book intermittingly asking the questions to build up the audience's interest. Type C: First person: This requires acting skill on the part of booktalker as he becomes one of the characters from the book. No reading from the book .He becomes an actor and plays the character himself Its human nature not to be satisfied with what one has. Some of us wish for longer hair, the ones with long hair would like to have straight hair, people with straight hair would ask for curls .the wishes are endless. But imagine if your wishes are granted and you get a chance to change your looks. Yes, the character of our first book, Tally, is a teenager who definitely is getting such an opportunity .She basically lives in this town called Uglyville, where all the "Uglies" live .Now this town is a strange one. Strange in the sense that when some inhabitants of this town turn sixteen he or she undergoes an operation that changes the physical attributes of him or her completely. Pre operation they are Ugly (as all the inhabitants of this town are) and post operation they are pretty and are transported to another town, which has all pretty people and where fun never ends. Now Tally has still two months to wait before she gets a make over. But she cannot wait .she plans to spy on the newly turned pretties. She sneaks into their town and meets Shay. Now Shay is also ugly, but he is smart, adventurous and full of life .He shares his birthday with Tally and is lined up to turn pretty on the same date as her. They hit off very well. He talks to tally about a town where they can live as they are. No operations, no makeovers for the uglies of that town. Shay has now become very close friend of Tally, but she is now torn between two choices,.first one to turn pretty and .second to be with shay who doesn't want to turn pretty. So what would you do had you been in her shoes Turn pretty or be with Shay and be happy with your status quo. What if you opt for choose one but to reap its dividend you have to betray your best friend. What would you do TRANSITION: A tough decision indeed lets read the book to find out what Tally does .Did she betray Shay Did she turn pretty Meanwhile lets move on to the next book in which we have another girl Ursula Riggs who is rendered emotionless because of being Ugly. This is a first person booktalk and for next five to ten minutes I am Ursula Riggs of BIG MOUTH & UGLY GIRL I am Ursula Riggs and "Since that day I woke up and knew I wasn't an ugly girl, I was Ugly Girl" so you can chose to call me an "Ugly Girl" .I am a loner and have fierce eyes. People often find me as staring directly into their eyes .I don't know whether I do it consciously or it's just an illusion. Whatever be the case I am least bothered. . I am a student of high school and unlike other children of my age I have no time for dating, friends and other petty things .I would rather play basketball and mind my own

Future of Parole in the United States Research Paper

Future of Parole in the United States - Research Paper Example ing that early believers in the program thought offenders committed offenses through no fault of their own, forced into unfortunate circumstances, and therefore should be rehabilitated. The federal parole board increased to eight members in 1950, appointed by the President, with three of them assigned to youth corrections. By October of 1974 due to a pilot reorganization program the US Department of Justice had five regions with one member and five hearing examiners. Through the Parole Commission and Reorganization Act in 1976 the Board of Parole became known as the United States Parole Commission, independent of the DOJ (USDOJ: USPC: Our History). They adopted explicit parole guidelines, became affiliated with the Senate, disbanded from youth corrections, and created a Comprehensive Crime Control Act in 1984. The use of intermediate sentencing is the only sentencing that actually involves parole boards and they receive complete power in determining who is to be released. Intermediate sentencing does contain some positive factors and allows for full implementation of the rehabilitative ideal. It offers the highest and strictest level of protection from the more violent criminal offenders and also offers feasible alternatives to capital punishment. Parole decisions are also made with considerably more behavioral observation noted since the original trial and does not force corrections to release an inmate before they are ready to return to society. Negative factors involved with intermediate sentences are many with mostly criticism and onslaughts of impossibilities. Treatment is too expensive, training and rehabilitation not done, and even if treatment were honestly attempted by staffs, psychotherapy with involuntarily committed patients is generally considered difficult; indeterminate sentencing supplies only negative motivation, which will be insufficient for long-range results and the list continues. One of the most important factors I considered in this area

The income gap between the rich and the poor in China Research Paper

The income gap between the rich and the poor in China - Research Paper Example Over the last decade, China has exceeded the Gini coefficient index threshold by 0.4 close to the warning level given by the United Nations (Cai, 128). This article analyzes the extent of the income disparity in China between the rich and the poor, it cause and effect and the plausible solutions to this problem. Research has shown that income disparity in China between the rich and the poor have continued to increase since 1978 when China opened it boundaries for trade with the rest of the world. According to the China national bureau of statistics, the standard income earning of the 10% richest people in china was 10.9 times higher compared to that of the 10% poorest in the year 2009. In 1985, the figure was just 2. 9 times ((Anon, 148). It can be seen that the gap between the poor has thus increased incredibly. Since 1978 when China opened it door to international trade, per capital income has increased unbelievably. For instance, within the period of 1985 to 2010, the per capital income has increased by 55 times. This has however come from the urban area with the rural area experiencing lesser growth. The earning gap between the rural and city dwellers had reduced from 2.6 to 2.5 times in the 1970 and from 2.3 to 1.9 times in the 80s. However, it widened to 3.3 times in 2009. This is disregarding the fact that there are some social amenities such as good roads, health care house subsidies and other amenities enjoyed by the city dweller which are not available to the rural people further increasing the disparity (Cai, 130). This thus implies that the disparity many even be more than six times larger. The major obstacle in overcoming the income disparity issue is because the affluent have a greater opportunity of increasing their wealth compared to other people. For instance, from 1985 to 2010, the rich recorded a 38 fold increase in their earnings; the people in the middle class register a 21fold increase while the poor only