I also included what part 3 should have in it with an example
Then lastly i need a implementation plan based on RSM and the recommendation being Micro Hubs, Tech work shops[supanova_question]
Unadjusted Adjusted Income Balance Sheet / Trial Balance Adjustments Trial Balance Statement
Unadjusted
Adjusted
Income
Balance Sheet /
Trial Balance
Adjustments
Trial Balance
Statement
Owner’s Equity
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
10375
10375
10375
Prepaid Insurance
1000
b) 200
800
800
Supplies
225
a) 50
175
175
Automobile
15000
15000
15000
Accum. Depr.
1000
c) 1000
2000
2000
Franki Valley, Capital
18000
18000
18000
Franki Valley, Drawing
400
400
400
Commission Revenue
8000
8000
8000
Depreciation expense
0
c) 1000
1000
1000
Supplies expense
0
a) 50
50
50
Insurance expense
0
B) 200
200
200
27000
27000
1250
1250
28000
28000
1250
8000
26750
20000
net income
6750
6750
8000
8000
26750
26750[supanova_question]
Kelly Mushet University of Phoenix ACCCB543: Managerial Accounting Competency 2 Part 2
Kelly Mushet
University of Phoenix
ACCCB543: Managerial Accounting
Competency 2 Part 2
Mark Tischler
Pt. 2
Read the scenario located in “Problems – Series A,” section 8-19A of Ch. 8, “Performance Evaluation,“ of Fundamentals of Managerial Accounting Concepts. This scenario puts you in charge of preparing a budget for the Redmond Management Association annual public relations luncheon.
The Redmond Management Association held its annual public relations luncheon in April Year 2. Based on the previous year’s results, the organization allocated $25,290 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Molly Hubbard, the treasurer, prepared the following budget for the Year 2 luncheon.
The budget for the luncheon was based on the following expectations:
The meal cost per person was expected to be $14.50. The cost driver for meals was attendance, which was expected to be 1,400 individuals.
Postage was based on $0.49 per invitation and 3,000 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed.
The facility charge is $1,000 for a room that will accommodate up to 1,600 people; the charge for one to hold more than 1,600 people is $1,500
A fixed amount was designated for printing, decorations, the speakers gift and publicity.
Redmond Management Association
Public Relations Luncheon Budget
April Year 2
Operating funds allocated: $25,290
Expenses
Variable Costs
Meals (1,400*$14.50) $20,300
Postage (3,000*$0.49) $1,470
Fixed Costs
Facility $1,000
Printing $950
Decorations $840
Speaker’s gift $130
Publicity $600
Total Expense: $25,290
Budget Surplus (deficit) $0
Redmond Management Association
Actual Results for Public Relations Luncheon
April Year 2
Operating funds allocated $25,290
Expenses
Variable costs
Meals (1,620*15.50) $25,110
Postage (4,000*$0.49) $1,960
Fixed costs
Facility $1,500
Printing $950
Decorations $840
Speakers gift $130
Publicity $600
Total Expenses: $31,090
Budget Deficit: ($5,800)
Reasons for the differences between the budgeted and actual data follow:
The president of the organization, Rodney Snow, increased the invitation list to include 1,000 former members. As a result, 4000 invitations were mailed
Attendance was 1,620 individuals. Because of the higher-than-expected attendance, the luncheon was moved to a larger room, thereby increasing the facility charge to $1,500.
At the last minute, Ms. Hubbard decided to add a dessert to the menu, which increased the meal cost to $15.50 per person.
Printing, decorations, the speaker’s gift, and publicity costs were as budgeted.[supanova_question]
Kelly Mushet University of Phoenix ACCCB543: Managerial Accounting Competency 2 Part 1
Writing Assignment Help Kelly Mushet
University of Phoenix
ACCCB543: Managerial Accounting
Competency 2 Part 1
Mark Tischler
Pt. 1
Read the scenario located in the “Analyze, Think, Communicate” section 12-5 of Ch. 12, “Job-Order, Process, and Hybrid Costing Systems” of Fundamental Managerial Accounting Concepts. This scenario involves an altercation between Rene Alverez and Bill Sawyer and requires you to weigh in with calculations and comments on the matter.
Rene Alverez knew she was in over her head soon after she took the job. Even so, the opportunity for promotion comes along rarely and she believed that she would grow into it. Ms. Alverez is the cost accounting specialist assigned to the finished department of Standard Tool Company. Bill Sawyer, the manager of the finishing department, knows exactly what he is doing. In each of the three years he has managed the department, the cost per unit of product transferred out of his Work in Process Inventory account has declined. His ability to control cost is highly valued, and it is widely believed that he will be the successor to the plant manager, who is being promoted to manufacturing vice president. One more good year would surely seal the deal for Mr. Sawyer. It was little wonder that Ms. Alverez was uncomfortable in challenging Mr. Sawyer’s estimate of the percentage of completion of the departments ending inventory. He contended that the inventory was 60 percent complete, but she believed that it was only about 40 percent complete. After a brief altercation, Ms. Alverez agreed to sign off on Mr. Sawyers estimate. The truth was that although she believed she was right, she did not know how to support her position. Besides, Mr. Sawyer was about to be named plant manager, and she felt it unwise to challenge such an important person. The department had beginning inventory of 5,500 units of product and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred- in and production cost for the period was $902,400. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (standard) cost per unit $9.45.
Compute the equivalent cost per unit, assuming the ending inventory is considered to be 40% complete.
Beginning Inventory: 5,500
Units added to production: 94,500
Total: 100,000
Transferred to finished goods: 90,000 100% Complete 90,000
Ending Inventory: 10,000 40% Complete 4,000
Total product costs: $902,400
Divide by Equiv Units: $902,400/94,000=9.60
Cost per Unit: $9.60
Compute the equivalent cost per unit, assuming the ending inventory is considered to be 60% complete.
Beginning Inventory: 5,500
Units added to production: 94,500
Total: 100,000
Transferred to finished goods: 90,000 100% Complete 90,000
Ending Inventory: 10,000 60% Complete 6,000
Total product costs: $902,400
Divide by Equiv Units: $902,400/96,000=9.40
Cost per Unit: $9.40
Write a 350-word summary of your calculations and findings. Comment on Mr. Sawyer’s motives for establishing the percentage of completion at 60% rather than 40% [supanova_question]
Financial Statement Analysis The financial statements tell a story about the financial
Financial Statement Analysis
The financial statements tell a story about the financial health of a business at a given point in time. The purpose of this assignment is to apply ratio analysis to assess financial health of a publicly held corporation. Use the financial statements identified in the ACC2 to compute three ratios, one for each of the three following categories
Liquidity (solvency),
debt service, and
profitability.
Comment on the ratios by answering the following questions. Name the company and show the computation of the three ratios.
Name the company and show the computation of the three ratios.
Comment on the purpose and information conveyed by each ratio.
What did you learn about the company by reviewing the three ratios?
What is your conclusion about liquidity, debt, and profitability for this company?
How successful is the company relative to the industry average and leaders in its industry? Indicate the industry and specialty industry report used for comparison. Write two paragraphs or more.
*********Last question will require a comparison to the attached excel sheet. Use the information attached and include the ratios requested.
***Make sure to Cite all sources in text and list references in APA format 7th edition[supanova_question]
Blazinsevens Worksheet For the month ended December 31, 20xx Unadjusted Adjusted Income
Blazinsevens
Worksheet
For the month ended December 31, 20xx
Unadjusted
Adjusted
Income
Balance Sheet /
Trial Balance
Adjustments
Trial Balance
Statement
Owner’s Equity
Account Titles
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Cash
2090
Accounts Receivable
4100
Office Supplies
400
Prepaid Insurance
900
Delivery Equipment
8000
Accum. Depreciation
0
Accounts Payable
3575
Wages Payable
0
A.M.Vegas, Capital
7000
A.M.Vegas, Drawing
430
Service Revenue
6600
Wages Expense
900
Advertising Expense
175
Telephone Expense
180
Supplies Expense
0
Insurance Expense
0
Depreciation Expense
0
17175
17175
Net Income[supanova_question]