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2242 final exam

2242 final exam

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ABC Costing Question #1 - 15 points Balco Inc. uses ABC costing to determine product costs for reporting. At the start of the year, management made the following cost and activity estimates for the company's 4 activity costs pools. Activity/Cost Pool Labour Related Purchase Orders Widget Assembly General Factory Activity Measure DLH # of orders # of widgets Machine Hours Estimated Overhead Expected Cost Activity $184,925 28,460 DLH $52,700 625 Orders $495,000 11,100 widgets $1,148,000 82,500 MH Required: Compute the Activity Rate (pre-determined OH Rate) for all of the activity/cost pools. ANSWER: Activity Est Cost Est Quantity of base Rate Labour Related $184,925 28460 6.50 Purchase Orders $52,700 625 84.32 Widget Assembly $495,000 11100 44.59 General Factory $1,148,000 82500 13.92 PART 2 During the year, actual overhead cost and activity were recorded as follows: Activity/Cost Pool Labour Related Purchase Orders Widget Assembly General Factory Acutal Overhead Cost $187,575 $51,950 $497,500 $1,082,000 Actual Activity 28,120 DLH 629 Orders 11,210 widgets 80,180 MH Required: Determine the OH applied to production during the year and show whether it is over or under applied for each individual activity and an overall total. ANSWER: Activity Actual Quantity of cost base used Allocation Rate MOH Assigned Labour Related 28120 6.5 182780 Purchase Orders 629 84.32 53037.28 Widget Assembly 11210 44.59 499853.9 General Factory 80180 13.92 1116105.6 Total 120139 1851776.78 v ...
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San Diego Mesa College Financial Environment Enrons Collapse Discussion

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San Diego Mesa College Financial Environment Enrons Collapse Discussion

1- Prior to beginning work on this discussion, please read the articles: Researching Public Companies Through EDGAR: A Guide for Investors (Links to an external site.), the Beginners’ Guide to Financial Statement (Links to an external site.) from the Security & Exchange Commission (SEC) and the 12 Things You Need to Know About Financial Statements (Links to an external site.).If you are thinking of purchasing Amazon.com’s (NASDAQ: AMZN) stock, or any stock, how can you decide what the stock is worth?If you manage Apple’s Inc. (NASDAQ: AAPL) credit department, how should you decide whether to extend a new client’s credit limit?If you are a financial executive of Sony Corp (NYSE: SNE), how do you decide whether the company should employ aggressive capital investments in global business areas?After assessing the above situations, discuss the role of the income statement, balance sheet, and stockholders equity in business decision making to formulate plans & policies, shareholding, expansion of credit, investment decisions, and taxation decisions in a minimum post of at least 200 words.LINKS:https://www.sec.gov/oiea/Article/edgarguide.htmlhttps://www.sec.gov/reportspubs/investor-publications/investorpubsbegfinstmtguidehtm.htmlhttps://www.investopedia.com/articles/basics/06/financialreporting.asp2- Prior to beginning work on this discussion, read the article Enron Scandal: The Fall of a Wall Street Darling (Links to an external site.) from Investopedia, the article Deconstructing Enron’s Collapse (Links to an external site.) from McCullough Research, and Enron’s 2000 10-K Report (Links to an external site.) retrieved from the SEC. The scandal of Enron Corp. shook Wall Street to the core and its collapse affected thousands of employees. At Enron's peak, the market price of its stock was worth $90.75 per share; when Enron declared bankruptcy on December 2, 2001, the stock was trading at $0.26 (Investopedia, 2018). For Enron’s demise McCullough Research (2002) suggested three scenarios: (1) the Last of the Dot Coms, (2) a Ponzi scheme, and (3) Barings Bank.In an initial post of a minimum of 100 words, discuss how Enron’s superficial financial reporting combined with an indulgent financial environment have caused Enron’s collapse.LINKS:https://www.investopedia.com/updates/enron-scandal-summary/https://www.mresearch.com/pdfs/11.pdfhttps://www.sec.gov/Archives/edgar/data/1024401/000102440101500010/ene10-k.txt

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San Diego Mesa College Financial Environment Enrons Collapse Discussion

1- Prior to beginning work on this discussion, please read the articles: Researching Public Companies Through EDGAR: A Gui ...

San Diego Mesa College Financial Environment Enrons Collapse Discussion

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