Need by Sat the 19th. Problem 1: Peaceful Corporation manufactures figurines based on the following information. Standard costs $20 Materials (4 ounces at $5) $8 Direct labor (1 hour per unit) $4 Variable overhead (based on direct labor hours) Fixed overhead budget $19,000 Actual results and costs Materials purchased Units 9,000 Cost $39,600 Materials used in production Finished product units 2,000 Raw material (ounces) 8,200 Direct labor hours 2,000 Direct labor cost $20,000 Variable overhead costs $5,980 Fixed overhead costs $19,500 Required: Prepare a performance report for Peaceful using the following headings. Actual Production Costs Flexible Budget Costs Flexible Budget Variances Compute the following variances (show calculations). Materials usage variance Labor rate variance Labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance Fixed overhead budget variance Give one possible explanation for each of the six variances computed in part b. Problem 2: The following is the current variable costing income statement for Dolly Corporation. Sales (5,000 units) $100,000 Variable expenses Cost of goods sold $35,000 Selling (10% of sales) $10,000 $45,000 Contribution margin $55,000 Fixed expenses Manufacturing overhead $24,000 Administrative $12,500 $36,500 Operating income $18,500 Below is the following information on operations for Dolly Corporation. Beginning inventory (units) 0 Units produced (units) 6,000 Manufacturing costs Direct labor (per unit) $5.00 Direct materials (per unit) $2.30 Variable overhead (per unit) $2.40 Required: Prepare an absorption costing income statement. Problem 3: The following information was compiled for two models of cell phones. 3G model 4G model Average Budgeted Contribution Margin $80.00 $120.00 $95.25 Budgeted Sales in Units 28,000 18,000 Actual Sales in Units 28,600 16,500 Required: Calculate the sales mix variance. (Show your calculations.)

Deliverable Length: 800–1,250 words                                Due Date:       10/20/2013                                                                                                                         Write a paper in which you do the following:  Identify the 4 basic financial statements.Describe the purpose of each of the 4 financial statements.Discuss the types of accounts that are found on each statement.Discuss how the financial statements would be useful to internal users, such as managers and employees.Discuss how the financial statements would be useful to external users, such as investors and creditors. Format the paper consistent with APA guidelines.

Evaluation of Corporate Performance The Final Project will involve applying the concepts learned in class to an analysis of a company using data from its annual report. Using the concepts from this course, you will analyze the strengths and weaknesses of the company and write a report either recommending or not recommending purchase of the company stock. The completed report should include: An introduction to the company, including background information. A complete and thorough financial statement review. Pro Forma financial statements (Balance Sheet and Income Statement) for the next two fiscal years, assuming a 10% growth rate in sales and Cost of Goods Sold (COGS) for each of the next two years. Complete ratio analysis for the last fiscal year using at least two ratios from each of the following categories:  a.Liquidity  b.Financial leverage  c.Asset management  d.Profitability  e.Market value Calculate Return on Equity (ROE) using the DuPont system. Assess management performance by calculating Economic Value Added (EVA). Review of the soundness of the company’s financial policies (e.g. capital structure, debt, leverage, dividend policy, etc.) based on the material covered during class. A synopsis of your findings, including your recommendations and rationale for whether or not to purchase stock from this company. This report should be 15 – 20 pages long excluding title page and reference page(s) using APA 6th edition formatting guidelines.  Support your findings and recommendations with evidence from at least five scholarly sources in addition to the annual report; such as the textbook, industry reports, and articles from the Ashford library.  Be sure to include links to websites that were used as references or to access company information. Writing the Final Paper The Final Paper: Must be 15 to 20 double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide. Must include a cover page that includes: - Title of paper - Student’s name - Course name and number - Instructor’s name - Date submitted Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the paper with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use at least five scholarly sources. Must use APA style as outlined in the approved APA style guide to document all sources. Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide.