Reference no: EM131168663
Problem 1-4: Performance Reports: below is a performance report that compares budgeted and actual profit in the sporting goods department of Maxwell's department store for the month of December.
Maxwell's department store
Sporting Goods
Performance Report
December 2008
Budget Actual Difference
Sales $600, 000 $675,000 $75,000
Less:
Cost of merchandise $300,000 $375,000 $75,000
Salaries of sales staff $60,000 $68,000 $8,000
Controllable profit $240,000 $232,000 $8,000
Required:
1. Evaluate the department in terms of its increases in sales and expenses. Do you believe it would be useful to investigate either or both of the increase in expenses?
Problem 1-5. Performance report: At the end of 2008. Cyril Fedako, CFO for Fedako products, received a report comparing budgeted and actual production costs for the company's plant in forest lake, Minnesota:
Manufacturing costs
Forest lake plant
Budget versus actual 2008
Budget Actual Difference
Materials $3,000,000 $3,300,000 $300,000
Direct labor 2,100,000 2,300,000 200,000
Supervisory salaries 375,000 400,000 25,000
Utilities 75,000 85,000 25,000
Machine maintenance 250,000 280,000 10,000
Depreciation of building 50,000 50,000 -0-
Depreciation of equipment 200,000 205,000 5,000
Janitorial 120,000 135,000 15,000
Total $6,170,000 6,755,000 585,000
His first thought was that costs must be out of control since actual costs exceed the budget by $585,000. However, he quickly recalled that the budget was set assuming a production level of $50,000 units. The forest lake plant actually produced $55,000 units in 2008.
Required:
1. Given that production was greater than planned, should Cyril expect that all actual costs will be greater than budgeted? Which costs would you expect to increase, and which costs would you expect to remain relatively constant?
|
How much is the total manufacturing cost per unit
: Cinder Company had the following department information for the month: Total materials costs $ 80,000, Equivalent units of materials 10,000. How much is the total manufacturing cost per unit?
|
|
Analyze measures of emotional and behavioral functioning
: repare a 3-slide Microsoft PowerPoint presentation in which you analyze measures of emotional and behavioral functioning
|
|
What is the restricted problem
: At Node 6, what is the restricted problem Pk+1 (here k = 1)?- What is Tk+1, and what is the resulting no good? Do the same analysis at Node 7, where k = 2.
|
|
Connection between chemical senses and emotional memories
: If you created the most memorable meal of your life, what sensory elements must be present to emphasize the connection between the chemical senses, emotional memories, and the brain? Describe the connection created between the chemical senses, emo..
|
|
Given that production was greater than planned
: Given that production was greater than planned, should Cyril expect that all actual costs will be greater than budgeted? Which costs would you expect to increase, and which costs would you expect to remain relatively constant?
|
|
Discuss the economic impacts of any proposed policy
: As the United States is one of the largest contributors to atmospheric carbon emissions, describe one or two specific new policies might the United States enact to reduce its impact on global climate change. Be creative here; focus on policies tha..
|
|
What concepts elements or theories are still with us today
: What concepts, elements, and/or theories are still with us today? What are some of the criticism of these approaches and how would you address them
|
|
What is the resulting sub problem
: In the machine scheduling problem of Section 2.3.7, Job 4 is assigned to Machine B in iteration k = 0. - What is the resulting sub problem P(xk) on this machine, and what is its inference dual?
|
|
What plan might you propose to reduce or eliminate their use
: Discuss at least two environmental problems caused by our extensive use of plastic bags. If you were in charge, what plan might you propose to reduce or eliminate their use? Discuss the economic impacts of implementing your plan versus the financi..
|