Cost Report, Value-Added and Non-Value-Added Costs Sanford, Inc., has developed value-added standard

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Cost Report, Value-Added and Non-Value-Added Costs

Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard and actual quantities, and the price standards for 20×1 are as follows: Activities Activity Driver     SQ     AQ     SP Purchasing parts Purchase orders 2,300 4,140 $155 Receiving parts Receiving orders 4,600 6,800 210 Moving parts Number of moves 0 3,500 280 Setting up equipment Setup hours 0 8,300 260

The actual prices paid per unit of each activity driver were equal to the standard prices.

Required:

1. Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. If an amount is zero, enter “0”. Sanford, Inc. Value- and Non-Value-Added Cost Report For the Year Ended December 31, 20×1 Value-Added Non-Value-Added Actual Purchasing parts $ $ Receiving parts Moving parts Setting up equipment Total $ $ $

2. Which activities are non-value-added?

Summarize Chapter 2 from the book and answer one question at the end of the question. Help Please

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summarize each chapter (Summaries should be at least two (2) pages minimum. this should be its own, in your own words, no quotation from the book.

The Questions to select from is at the end of each Chapter Titled: Questions for Review and Reflection .Below is the question.

Choose one of the theoretical perspectives on the family and discuss how you might use it to understand something about life in your family.

the answer should be at least 6 sentence.

Please use the book

The book is Marriage, families, and relationships making choices in a diverse society By Mary Ann Lamanna, Agnes Riedmann,Susan Stewart

write 700–850 words that respond to the following questions with your thoughts, ideas, and… 1 answer below »

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Primary Task Response:Within the Discussion Board area, write 700–850 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

The following situations have caused you to become concerned about the quality of the upcoming external audit: Because of the fact that the audit will not begin until February after the books have been closed, the external auditors will not be able to confirm the accounts receivable cutoff, physically examine the inventory, and examine other important procedures. You have just been advised that the auditing firm has been acquired by a larger auditing firm, and the auditor that is coming to Bovar Company will be unfamiliar with Bovar Company. One of the acquiring auditing firm's principal partners is related to the chief executive officer (CEO) of Bovar Company. Some areas of control that have been of concern to the auditing department will not be audited because of workload and timing constraints. Some of the methodology used in the accounting department to compile the financial statements may not comply with generally accepted accounting principles (GAAP).

Generally accepted auditing standards (GAAS) provides three categories of standards and ten standards by which an audit should be performed. You are concerned that some of the aforementioned situations may be in violation of the GAAS standards, and you have decided to review the GAAS standards to detect any possible violations. Complete the following: List each of these standards in their correct category. Identify those standards that you believe may be compromised by the aforementioned situations. Describe specific actions that you believe should be taken to comply with the GAAS standards.

1.2-18 The primary goal of financial accounting is to provide information for: A. potential investor

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1.2-18 The
primary goal of financial accounting is to provide information for:
A. potential investors.
B. creditors.
C. governmental regulators.
D. all of the above.

1.2-19 Which
of following is TRUE?
A. Management accounting focuses on historical
transactions.
B. Financial accounting uses the cash basis for
recording transactions.
C. Financial accounting focuses on future data.
D. Management accounting focuses on relevant
data.

1.2-20 Which
statement is TRUE?
A. Management uses reports created for internal
parties.
B. Management uses financial information to plan
internal operations.
C. Management uses financial information to
analyze costs.
D. All of the above are true.

1.2-21 Which
of the following statements is FALSE?
A. Financial
accounting provides sufficient information for managers to effectively plan and
control operations.
B. Financial accounting reports help creditors
make decisions.
C. Financial accounting helps investors make
decisions.
D. Financial accounting provides external
reports.

1.2-22 Which
of the following is TRUE?
A. Managerial accounting reports are audited by
CPAs.
B. Managerial accounting reports provide
detailed internal information.
C. Managerial accounting reports aid potential
investors.
D. Managerial accounting reports must follow
GAAP.

1.2-23 Which
of the following are the internal decision-makers of a company?
A. Vendors
B. Customers
C. Managers
D. Shareholders

1.2-24 Which
of the following reports must be audited by an outside agency?
A. Annual financial statements
B. Monthly financial statements
C. Annual financial budgets
D. All of the above

Examine two advantages and two disadvantages for both hardware and software firewalls. Explain wheth

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Examine two advantages and two disadvantages for both hardware and software firewalls. Explain whether you recommend the hardware or software firewall.  Provide the rationale for your response.Explain whether a home office that has a firewall should be considered secure.  Examine why or why not and provide a rationale for your response.

 Posted: 4 years agoDue: 07/01/2016Budget: $5

On July 1, 2017, Amy Young created a new self-storage business called Young Co, these events… 1 answer below »

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On July 1, 2017, Amy Young created a new self-storage business called Young Co, these events occurred during the company’s first month

July 1 Young invested $40,000 cash and land and building worth $320,000 and

$240,000, respectively

2 Rented equipment by paying $3,600 rent for the first month

5 Purchased $4,600 of office supplies for cash

10 Paid $10,800 for the premium on a one-year insurance policy effective today

14 Paid an employee $1,800 for two weeks’ salary

24 Collected $ 17,600 of storage revenue from customers

28 Paid another $1,800 for two weeks’ salary

29 Paid the month’s $600 phone bill

30 Repaired leaking roof for 1,700 on account

31 Young withdrew $3,200 cash from the business for personal use 10 marks

The Company’s chart of accounts included these accounts

101

Cash

302

Amy Young Withdrawals

106

Accounts Receivable

401

Storage Revenue

124

Office Supplies

606

Dep. Expense, Buildings

128

Prepaid Insurance

622

Salaries Expense

170

Land

637

Insurance Expense

173

Buildings

640

Equipment Rental Expense

174

Accumulated Dep. Building

650

Office Supplies Expense

201

Accounts Payable

684

Repairs Expense

204

Salaries Payable

688

Telephone Expense

301

Amy Young, Capital

901

Income Summary

Required

1. Set up each of the listed accounts for Balance format ledger. 10 marks

2. Prepare journal entries to record the transactions for July and post them to the accounts.

3. Use the following information to journalize and post the adjustments for the month

a. Two-thirds of one month’s insurance coverage was used

b. There were $3,100 of office supplies on hand at the end of the month

c. Depreciation on the buildings was estimated to be $2,400 per month

d. The employee had earned $300 of unpaid and unrecorded salary.

e. The company had earned $1,000 of storage revenue that had not yet been billed 5marks

4 Prepare an adjusted trial balance. 10 marks

4. Prepare an income statement, a statement of change in equity and balance sheet 15 marks

Compute the direct materials price variance and the direct materials quantity variance. Indicate whe

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Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard (6 lbs. $8 per lb.) (3 hrs. $17 per hr.) (3 hrs. $12 per hr.) Actual 45,400 lbs. $8.10 per lb 22,300 hrs. $17.50 per hr. $276,300 7,500 Direct materials Direct labor Overhead Units manufactured Exercise 23-9 Direct materials variances LO P2 AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. Answer is complete but not entirely correct. C Actual Cost Standard Cost SQ AQ AP AQ AP SP X X $ 17.00 $ 8.10 48,000 $ 8.00 45,400 45,400 X X 9 367,740 771,800 384,000 $ 387,800 (404,060) Direct labor rate variance Unfavorable 404,060 387,800 $16,260 Unfavorable Direct labor efficiency variance Unfavorable Total variable overhead cost variance

How do the stock prices of publicly traded companies behave when corporate and/or financial restruct

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How do the stock prices of publicly traded companies behave when corporate and/or financial restructuring (e.g., divestiture, rationalization) is involved?

Two paragraphes of discussions

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Your Name

Journal Citation in the following form: First-author surname, First-author given name et al (if >1 authors). Article Title. Journal Name (year of publication) Volume, Issue, page numbers. [e.g.- Wujcik, Evan K. et al. An acetylcholinesterase-inspired biomimetic toxicity sensor. Chemosphere (2013) 91, 1176–1182.] Overview paragraph This paragraph will answer the following questions, in relation to the article: Why are the researchers conducting this research/who will this work benefit? What was done in the past, and how does this research improve upon it? What is innovative about this work…if anything? What fabrication methods are used? What materials are used? What is the analyte/species being sensed? What characterization methods are used? What is the detection method? What is the transduction method? Can the sensor be classified by a lecture (or combination) we saw in class? What is concluded? What is the planned direction of the work/what are the researchers’ future plans for the work? This paragraph’s information will be strictly taken from the article…but in your own words, not copy-pasted. The entire journal review (including headings and paragraphs) should be single spaced and typed with a 10-12 point common font (Arial or Times New Roman). The entire review (not including heading and citation) should fall in the range of 550-600 words. I do not need a hard copy.
Impression paragraph This paragraph will be your “review” of the article. Things to include/look for within the article: Is the article in well-written, proper English? Did the researchers actually accomplish what they set out to do? Is their work a large or insignificant improvement over what was done before? Is everything labeled correctly or do some parts (e.g. – references to figures, labels on figures, table headings, etc.) not match up? Is the concept of the article clear and does it come across easily/is it well explained or confusing? Were the methods completed ethically? Lastly: Did you enjoy the article? What did you like/dislike about it?

Head Pops Inc. manufactures two models of solar-powered, noise-canceling headphones: Sun Sound and E

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Head Pops Inc. manufactures two models of solar-powered, noise-canceling headphones: Sun Sound and Ear Bling models. The company is operating at less than full capacity. Market research indicates that 23,700 additional Sun Sound and 26,100 additional Ear Bling headphones could be sold. The income from operations by unit of product is as follows: Sun Sound
Headphones Ear Bling
Headphones Sales price $33.70 $52.60 Variable cost of goods sold 18.90 29.50 Manufacturing margin $14.80 $23.10 Variable selling and administrative expenses 6.70 10.50 Contribution margin $8.10 $12.60 Fixed manufacturing costs 3.00 4.70 Income from operations $5.10 $7.90

Prepare an analysis indicating the increase or decrease in total profitability if 23,700 additional Sun Sound and 26,100 additional Ear Bling headphones are produced and sold, assuming that there is sufficient capacity for the additional production. Round your per unit answers to two decimal place. Head Pops Inc. Analysis Sun Sound Headphones Ear Bling Headphones Unit volume increase x Contribution margin per unit $ $ Increase in profitability $ $