Reference no: EM131345363
Question 1
John Smith, a junior accountant at Dynamics Engineering was working on cost allocations to completed jobs for the month. The cost sheet for GOVT360 showed 100 hours of direct labor. John's supervisor altered the job cost sheet to allow for 150 hours which increased both the direct labor and overhead cost for the job. When John asked about this, his supervisor stated that because this was a government job, it was billed at "cost +" so the more costs allocated to the job, the more profit Dynamics Engineering would make. She also stated that the excess hours would cover follow-up work on the job.
1. Discuss Dynamics Engineering costing procedures. Why does overhead cost increase when direct labor hours increase?
2. Discuss John Smith's responsibilities in light of the IMA's statement of professional conduct. What are his responsibilities with respect to the 4 standards of ethical conduct? What are the steps John should take in resolution of the ethical conflict (use the IMA's resolution of ethical conduct as your guide).
3. How would you handle the situation?
Question 2
There are many factors that influence the development of international accounting in our global marketplace. Plus there are many dimensions to international accounting. Conduct research to locate an article that discusses the development of international accounting standards. Prepare a brief summary of the article and indicate why you feel this is an important issue. Also include the URL of the article.
Question 3
An organization's strategies are the goal-directed decisions and actions in which its capabilities and resources are connected with environmental opportunities and threats. Strategic management is a process of analyzing the current situation, developing appropriate strategies, putting those strategies into action, and evaluating, modifying, or changing those strategies as needed.
With this in mind and after conducting research, describe a specific experience or situation involving the strategic management process as it pertains to a company and/or person of your choice. Also discuss the issues and factors that influenced and affected this same situation.
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Why does the firm include these restrictions
: Spenser's Superior Stoves advertises a one-day sale on electric stoves. The ad specifies that no phone orders are accepted and that the purchaser must transport the stove. Why does the firm include these restrictions?
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Prove that the block diagram provides the same output
: Find vO in terms of vS and the 1-V source.- Prove that the block diagram provides the same output.- Redesign the circuit using only one OP AMP.
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How would you define social justice
: How would you define social justice - What aspect of social justice-or lack of it-has affected you the most? What experiences have you had that have helped to shape your attitudes and passion about social justice?
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Describe the leadership versus management
: Discuss your own personal experiences with leadership and management or your research of a criminal justice organization.Explain the difference between leadership and management by citing at least four real-life examples from your experience or fro..
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Discusses development of international accounting standards
: Conduct research to locate an article that discusses the development of international accounting standards. Prepare a brief summary of the article and indicate why you feel this is an important issue.
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Accelerated through a potential difference
: A proton is accelerated through a potential difference of 10 000V and then enters a uniform magnetic field as shown below. a) Sketch the path that the proton will follow. How much work is done on the proton once it enters the field?
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Draw a circuit that would realize the block diagram
: On a quiz, an instructor asked the students to draw a circuit that would realize the block diagram shown in given Figure.- One student drew the circuit shown in given Figure.
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Determining the vantage points
: Imagine three people, looking at one another from three vantage points: Abby is standing on the Staten Island Ferry heading toward the pier, Bertha is standing on the pier, and Connie is walking backwards on the pier away from the water. Now imagi..
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Discuss about the communication process
: In the communication process, four major styles have been identified: passive, aggressive, assertive, and passive aggressive. Which one of these styles best represent the behavior you would practice in your organization? Explain your answer.
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