Description
Zappos is a company that is known for its unique organizational culture and commitment to delivering a memorable customer experience. For this assignment, research Zappos to learn what makes its company culture and service so different from other companies.
In a 1-2 page paper, describe the characteristics of the Zappos culture and explain how the employees provide excellent service to customers. Identify one example that demonstrates how Zappos empowers its employees to deliver great customer service.
Your submitted assignment should be proofread for correct spelling, grammar, and punctuation.
Be sure to follow APA formatting, and include both in-text citations and a references page. Provide at least one reference and in-text citation (other than the Zappos.com website) for your paper.
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Explanation & Answer
Hey buddy, please find attached, In case you need any edits, feel free to ask.
Outline
Introduction
Body
Conclusion
References
Running head: THE ZAPPOS CULTURE
The Zappos Culture
Name
Course Number
State, University
Instructor
Date
THE ZAPPOS CULTURE
2
Zappos is one of the corporate organizations whose culture has aided in enhancing the
success of the organization. The culture of Zappos can be explored by the unique values of the
company. One of the core values underlying the Zappos Company i...
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BUS 1038 SUO Torts Crimes and Intellectual Property Cases Discussion
Select two of the scenarios listed below and explain the best solution for each. Include comments related to any eth ...
BUS 1038 SUO Torts Crimes and Intellectual Property Cases Discussion
Select two of the scenarios listed below and explain the best solution for each. Include comments related to any ethical issues that arise. You should locate at least one scholarly source from the SUO Library or one case that has been decided or is currently pending to support your answer.
Scenario 1 - Crimes
Select 3 crimes from your state (Georgia) that you find unusual or interesting. Educate the class about the crimes by providing the statute number and name and a summary of the law in your own words. Pick one of the statutes and find one case decided in your state related to the statute.
Scenario 2 - Torts and Crimes
Michael, a former employee of AutoNation Ford, entered the repair shop, claiming that the company owed him $560 in back wages. Michael argued with the general manager, Bill. After several minutes, Bill ordered Michael off the property. Michael refused to leave, so Bill told two mechanics escort him off the property. Michael ran to his truck, but on the way, he grabbed some electronic parts valued over $500 and drove away. Michael refused to return the parts until he was paid.
Discuss whether Michael has committed any torts or crimes
If the mechanics had forcibly kicked Michael off the property, would the two mechanics or AutoNation Ford be guilty of assault and battery? Explain.
Scenario 3— Intellectual Property
Professor Cody teaches business law for Fowler University, a for-profit school in Boston. Several times during the semester, Professor Cody made copies of articles and distributed them to her students. The son of one of the article's authors was a student in her class. The son told his father about the professor's copying, which took place without the father's or publisher's permission. Professor Cody also copied images from the Internet to use in her Powerpoint presentations. Most of the images were not in the public domain and no attributions to sources were provided.
Discuss the potential violations related to intellectual property rights.
Southern New Hampshire University Andrews Company Performance Analysis Paper
You will complete a capstone that integrates the knowledge and skills you have developed in the business core coursework a ...
Southern New Hampshire University Andrews Company Performance Analysis Paper
You will complete a capstone that integrates the knowledge and skills you have developed in the business core coursework and over the duration of the term by
creating an executive summary that highlights the performance of your company from the Capsim simulation. The executive summary is your opportunity to
show your knowledge of the organization, products, and business functions—skills that professionals in this field must possess. You will also reflect on your
journey through the business core and how you plan to position yourself both professionally and in your upcoming program of study. This personal and
professional reflection will specifically focus on business communication skills, professional etiquette, and peer-to-peer and peer-to-leader collaboration.
Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.
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Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.
This Portfolio Project has two parts: Calculations due this week in Module 7 and a 4- to 6-page essay due next week in module 8. While the calculation requirements of this assignment are important, equally important are your discussion and analysis of the quantitative results. You will submit two documents: 1) a spreadsheet containing your horizontal and vertical analysis (and perhaps your ratios) in Module 7 and 2) a word document containing your essay in Module 8.You will submit both parts separately. See the Portfolio Project Part One and Part Two grading rubrics, located in the Module 7 and Module 8 folders.Directions:For this assignment you will select to work on EITHER Polaris or Arctic Cat. Depending on which you choose, access the firm’s financial statements for fiscal years ending after December 31, 2014, from the firm’s website (Polaris.com & Arcticcat.com) or the SEC database (www.sec.gov). Use the most current 10K statements available on SEC or annual statements inYahoo Finance. Complete the following for your chosen firm (Polaris or Artic Cat) in an Excel spreadsheet:Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.Horizontal and vertical analysis of the balance sheets for the past two years (all yearly balances set as a percentage of total assets for that year) for both firms.Ratio analysis (eight ratios of your choosing) for the past two years PLUS a measurement for the creditworthiness of both firms as measured by Altman’s Z-score. Much of this course has concentrated on learning the financial statements, primarily because there was not an accounting prerequisite. Because of this concentration, you may find this assignment challenging. However, if you understand the financial statements, then the horizontal and vertical analysis should be rather intuitive. For example, if you see sales rise by 20%, then shouldn’t you also see net income rise by 20% or more if the managers are effective at controlling costs? If you see sales rise by 20% and assets rise by 40%, you have to ask why this is happening. It would appear that assets have risen too far given the sales that are generated from those assets—why did this occur? You may have to research that type of question and discuss it in your analysis. Review this video:Demonstration of Vertical/Horizontal Analysis using Excel, which demonstrates the completion of vertical and horizontal analysis on Nike using Excel. Dr. Jill Bale, the course writer, demonstrates the use of Excel equations and discusses some of the issues you may face when working on the spreadsheet for your portfolio project. If you would like some additional guidance on the spreadsheet requirement of the portfolio project, please watch the video. Note that the video does not discuss adding the 8 required ratios to your spreadsheet; however, you are required to submit your company ratios on this spreadsheet as well as the vertical/horizontal analysis. As always, your instructor is available for follow-up questions.You’ve had some experience with financial ratios through the Discussion Board. Your instructor suggests that you start your ratio analysis with the four ratios found in the DuPont equation. If you discover a weakness in one component of the DuPont ratios, then it would make sense to look at ratios that are closely related to the troublesome ratio. For example, if you discover that the asset turnover is declining over time, then take a look at some related ratios such as the inventory turnover rate or the average collection period. If you discover that the equity multiplier is increasing (indicating greater reliance on debt), then look at some related ratios such as the debt ratio or times interest earned. These ratios are discussed in our textbook, even though you may not have been assigned to thoroughly read the chapters. Finally, please read through the Portfolio Project Part One Grading Rubric, located in the Module 7 folder, that will be used to grade your assignment—you will get a feeling for expectations by doing so. Your instructor is here to help you through this project. If you have questions, please let your instructor know. He or she may be willing to take a quick look at your horizontal and vertical analysis to give you feedback in advance since you will not have had much experience on that calculation prior to the project. Always communicate right away with your instructor when you need assistance!
Life Styles Inventory (LSI) Assignment
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Life Styles Inventory (LSI) Assignment
Life Styles Inventory (LSI) Assignment GuidelinesDeveloping a willingness and ability to engage in self-reflection is a critical leadership skill that is not easily learned, yet which reaps many rewards. The Life Styles Inventory enables you to examine your own unique way of thinking, and how it influences your behavior.Complete (on your own) the Life Styles Inventory according to the procedure outlined LSI_Tutorial.pptx so that you end up with your "Life Styles Circumplex" profile: 12 "personal thinking style" scores, with one score for each section of the circumplex. See the embedded link for additional information.Write a three to five page paper examining and explaining your LSI results. Make sure to comply with the MGMT591_LSI_Grading_Rubric_Wk2_Assignments-1.xlsx provided. The required page count does not include the title page or table of contents. Hint: The table of contents should include the four topics in the grading rubric. LSI Style Interpretations: Go to the LSI1 Results page, find your circumplex profile, and click on the circumplex "slice" of one of the styles. The site will bring you to a customized interpretation of the style you clicked on. Click on each of the 12 "slices" to see all of the customized style description pages.How to Use the InventoryClick http://www.survey-server2.com/lsiuniversity-sso/part_menu.asp to go to the Life Styles Inventory (LSI) exercise. Follow the instructions given on the LSI Website.SectionPointsDescriptionTitle pageTitle of your applied research paper, your name, course number and title, Professor, and date.Personal Thinking Styles25Identify your primary and backup thinking styles: What are your "primary" (highest percentile score) and "backup" (second highest percentile) personal thinking styles as shown in your circumplex? Discuss how your primary and backup personal styles are manifested in your life and work (see the LSI Self Development Guide online). Using the style interpretations in the LSI Guide, describe the styles and give your perceptions about the results. Do you agree or disagree with them and why?Identify your limiting style: Identify and illustrate one style you think might be working against you to reduce your overall effectiveness. Name the style you have chosen, make a few remarks about why you are choosing this style as limiting your professional effectiveness in organizations.Select one behavior associated with this style that you think you would like to change and the difference it will make. Be sure to support your interpretation with examples, etc.LSI Style Interpretations: Go to the LSI1 Results page, find your circumplex profile, and click on the circumplex "slice" of one of the styles. The site will bring you to a customized interpretation of the style you clicked on. Click on each of the 12 "slices" to see all of the customized style description pages.Impact on Management Style35What impact do your personal styles have on your management style? Explore and assess the impact of your personal styles on your effectiveness as a manager in terms of the four functions of management:a. Planning;b. Organizing;c. Leading; andd. Controlling.If you are currently not a manager, assume you are and predict your effectiveness as such.Genesis of Personal Style35Critically evaluate and explain how you developed the personal styles that were revealed in your LSI. What role, for example, did family relationships, school, organizational memberships, culture, etc. have in shaping your personal style?Conclusion and Reflection25Think about your LSI results and your responses to the above questions. Summarize any concluding comments. Close your paper with a statement of at least one question or goal you hope your work in MGMT591 will help you to address, and comment with a few sentences to describe the value of this exercise to your personal and professional development.Include a copy of your LSI Report. Either copy/paste into this assignment or include in the Dropbox as a pdf.Please note: The LSI Self-Development Guide is integrated into the LSI1 Participant account, and is available after you complete the LSI Survey and have access to your results. In-depth and personalized style descriptions can be found by clicking on the style "slices" of the circumplex. For example, if you would like to learn more about the Humanistic-Encouraging style (Style 1), you simply click on the circumplex "slice" for that style. The same goes for the other 11 styles.You can find the Challenge of Change and the Self-Improvement Plan information by using two of the additional links that become available in your LSI online account after the survey is complete. These links are "The Challenge of Change" and "Your Self-Improvement Plan." Good luck with the exercise!
Kaplan Effects of Absorption vs Variable Costing on Net Income Discussion
Discussion Topic 1: Absorption vs. Variable CostingIn this week’s discussion, we will examine the effects of absorption ...
Kaplan Effects of Absorption vs Variable Costing on Net Income Discussion
Discussion Topic 1: Absorption vs. Variable CostingIn this week’s discussion, we will examine the effects of absorption costing and variable costing on net income.Harris Company’s fixed overhead costs are $4 per unit, and its
variable overhead costs are $8 per unit. In the first month of
operations, 50,000 units are produced and 46,000 units are sold. Write a
short memo to the chief operating officer explaining which costing
approach will produce the higher income and what the difference will be.Just do response each posted # 1to 3 down below onlyPosted 1 Hello Class and Instructor,MEMOTo: Chief Financial OfficerDear Sir or MadamTo
completely understand the absorption vs. variable costing, it would
best to define both. It mainly pertains to the allocation of
manufacturing costs and its effect on reporting of net income. Under
the absorption costing method, sales and marketing expenses are treated
as a period cost, and hence expenses are recorded as and when incurred.
In the variable costing method, product cost includes just the direct
costs and variable manufacturing costs.If
the variable cost was used with the Harris Company, then or cost of
sales would be more and decrease profit. On the other hand, if the
absorption cost is used, the out cost would be low, and revenue would
increase. Because of the increase in revenue, the absorption cost
approach would be better to apply for the simple reason it has a fixed
overhead that is deductible per unit basis. The difference in net
income would be: (50000 – 46000) x4 = 16000. Posted 2 MEMO:CFO11/08/2019Sean MeadowsRE: Absorption vs. Variable CostingSir/Madam,I have recently done some research and I believe I have discovered
something of use the company may benefit from knowing. I have provided
below a summary of my calculations for review and please let me know
what you think about these findings:Units produced 50,000Units sold 46,000Remaining Units 4,000Fixed Cost $200,000Fixed Cost Solution --> ($4 x 50,000)We understand there are two different methods the company can
utilize. These two methods are absorption costing and variable costing.
Below are the said methods:Absorption Costing $552,000Variables:Units Sold (46,000)Cost per Unit (Variable Overhead 8 + Fixed 4)Formula --> 46,000 x $12 = $552,000Variable Costing $568,000Variables:Units Sold (46,000)Cost per Unit ($8)Fixed Overhead ($200,000)Formula --> 46,000 x $8 = $368,000 + $200,000 = $568,000As you can see from the above calculations there is a difference in profits by a total of $16,000. This being said we would have more revenue by using the absorption method. Sir/Madam please get back to me with your thoughts on my findings. Posted 3 Hello Class and Professor,In absorption costing approach will report higher net income because in absorption costing approach fixed overhead cost is deducted per unit basis but in variable cost fixed overhead cost will be treated as period cost and whole amount deducted so absorption costing approach will report higher net income.Amount will net income be different = (50000-46000) *4 = 16000 Hello Class and Professor, Please find below the calculation of the costing under two methods, if we go under variable costing method than our cost of sales will be more and less profit and if we go for absorption costing than the out cost will be low and revenue will be more. There is difference of Profit is (568,000 - 552,000) = $ 16,000 CALCUALTION OF cost of production units by using absorption and variable Costing Opening stock 0 Unit Produced = 50000 Unit Sold = 46000 Closing Stock = 4000 Year 1 Calculation of recovery rate of Fixed Expenses = Fixed Expenses = ($ 4 X 50,000 units) = $ 200,000 Particulars Absorption Costing Variable Costing Variable Overhead Cost = $ 8.00 $ 8.00 Fixed Manufacturing Overhead $ 4.00 $ - Cost of Production per unit $ 12.00 $ 8.00 Cost of production under Absorption costing = Production of 46,000 units = 46,000 units X $ 12 = $ 552,000.00 Cost of production under Variable costing = Production of 46,000 units = 46,000 units X $ 8 = $ 368,000.00 Add: Fixed Overhead = $ 200,000.00 Total Cost $ 568,000.00
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BUS 1038 SUO Torts Crimes and Intellectual Property Cases Discussion
Select two of the scenarios listed below and explain the best solution for each. Include comments related to any eth ...
BUS 1038 SUO Torts Crimes and Intellectual Property Cases Discussion
Select two of the scenarios listed below and explain the best solution for each. Include comments related to any ethical issues that arise. You should locate at least one scholarly source from the SUO Library or one case that has been decided or is currently pending to support your answer.
Scenario 1 - Crimes
Select 3 crimes from your state (Georgia) that you find unusual or interesting. Educate the class about the crimes by providing the statute number and name and a summary of the law in your own words. Pick one of the statutes and find one case decided in your state related to the statute.
Scenario 2 - Torts and Crimes
Michael, a former employee of AutoNation Ford, entered the repair shop, claiming that the company owed him $560 in back wages. Michael argued with the general manager, Bill. After several minutes, Bill ordered Michael off the property. Michael refused to leave, so Bill told two mechanics escort him off the property. Michael ran to his truck, but on the way, he grabbed some electronic parts valued over $500 and drove away. Michael refused to return the parts until he was paid.
Discuss whether Michael has committed any torts or crimes
If the mechanics had forcibly kicked Michael off the property, would the two mechanics or AutoNation Ford be guilty of assault and battery? Explain.
Scenario 3— Intellectual Property
Professor Cody teaches business law for Fowler University, a for-profit school in Boston. Several times during the semester, Professor Cody made copies of articles and distributed them to her students. The son of one of the article's authors was a student in her class. The son told his father about the professor's copying, which took place without the father's or publisher's permission. Professor Cody also copied images from the Internet to use in her Powerpoint presentations. Most of the images were not in the public domain and no attributions to sources were provided.
Discuss the potential violations related to intellectual property rights.
Southern New Hampshire University Andrews Company Performance Analysis Paper
You will complete a capstone that integrates the knowledge and skills you have developed in the business core coursework a ...
Southern New Hampshire University Andrews Company Performance Analysis Paper
You will complete a capstone that integrates the knowledge and skills you have developed in the business core coursework and over the duration of the term by
creating an executive summary that highlights the performance of your company from the Capsim simulation. The executive summary is your opportunity to
show your knowledge of the organization, products, and business functions—skills that professionals in this field must possess. You will also reflect on your
journey through the business core and how you plan to position yourself both professionally and in your upcoming program of study. This personal and
professional reflection will specifically focus on business communication skills, professional etiquette, and peer-to-peer and peer-to-leader collaboration.
Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.
This Portfolio Project has two parts: Calculations due this week in Module 7 and a 4- to 6-page essay due next week in mod ...
Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.
This Portfolio Project has two parts: Calculations due this week in Module 7 and a 4- to 6-page essay due next week in module 8. While the calculation requirements of this assignment are important, equally important are your discussion and analysis of the quantitative results. You will submit two documents: 1) a spreadsheet containing your horizontal and vertical analysis (and perhaps your ratios) in Module 7 and 2) a word document containing your essay in Module 8.You will submit both parts separately. See the Portfolio Project Part One and Part Two grading rubrics, located in the Module 7 and Module 8 folders.Directions:For this assignment you will select to work on EITHER Polaris or Arctic Cat. Depending on which you choose, access the firm’s financial statements for fiscal years ending after December 31, 2014, from the firm’s website (Polaris.com & Arcticcat.com) or the SEC database (www.sec.gov). Use the most current 10K statements available on SEC or annual statements inYahoo Finance. Complete the following for your chosen firm (Polaris or Artic Cat) in an Excel spreadsheet:Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.Horizontal and vertical analysis of the balance sheets for the past two years (all yearly balances set as a percentage of total assets for that year) for both firms.Ratio analysis (eight ratios of your choosing) for the past two years PLUS a measurement for the creditworthiness of both firms as measured by Altman’s Z-score. Much of this course has concentrated on learning the financial statements, primarily because there was not an accounting prerequisite. Because of this concentration, you may find this assignment challenging. However, if you understand the financial statements, then the horizontal and vertical analysis should be rather intuitive. For example, if you see sales rise by 20%, then shouldn’t you also see net income rise by 20% or more if the managers are effective at controlling costs? If you see sales rise by 20% and assets rise by 40%, you have to ask why this is happening. It would appear that assets have risen too far given the sales that are generated from those assets—why did this occur? You may have to research that type of question and discuss it in your analysis. Review this video:Demonstration of Vertical/Horizontal Analysis using Excel, which demonstrates the completion of vertical and horizontal analysis on Nike using Excel. Dr. Jill Bale, the course writer, demonstrates the use of Excel equations and discusses some of the issues you may face when working on the spreadsheet for your portfolio project. If you would like some additional guidance on the spreadsheet requirement of the portfolio project, please watch the video. Note that the video does not discuss adding the 8 required ratios to your spreadsheet; however, you are required to submit your company ratios on this spreadsheet as well as the vertical/horizontal analysis. As always, your instructor is available for follow-up questions.You’ve had some experience with financial ratios through the Discussion Board. Your instructor suggests that you start your ratio analysis with the four ratios found in the DuPont equation. If you discover a weakness in one component of the DuPont ratios, then it would make sense to look at ratios that are closely related to the troublesome ratio. For example, if you discover that the asset turnover is declining over time, then take a look at some related ratios such as the inventory turnover rate or the average collection period. If you discover that the equity multiplier is increasing (indicating greater reliance on debt), then look at some related ratios such as the debt ratio or times interest earned. These ratios are discussed in our textbook, even though you may not have been assigned to thoroughly read the chapters. Finally, please read through the Portfolio Project Part One Grading Rubric, located in the Module 7 folder, that will be used to grade your assignment—you will get a feeling for expectations by doing so. Your instructor is here to help you through this project. If you have questions, please let your instructor know. He or she may be willing to take a quick look at your horizontal and vertical analysis to give you feedback in advance since you will not have had much experience on that calculation prior to the project. Always communicate right away with your instructor when you need assistance!
Life Styles Inventory (LSI) Assignment
Life Styles Inventory (LSI) Assignment GuidelinesDeveloping a willingness and ability to engage in self-reflection is a cr ...
Life Styles Inventory (LSI) Assignment
Life Styles Inventory (LSI) Assignment GuidelinesDeveloping a willingness and ability to engage in self-reflection is a critical leadership skill that is not easily learned, yet which reaps many rewards. The Life Styles Inventory enables you to examine your own unique way of thinking, and how it influences your behavior.Complete (on your own) the Life Styles Inventory according to the procedure outlined LSI_Tutorial.pptx so that you end up with your "Life Styles Circumplex" profile: 12 "personal thinking style" scores, with one score for each section of the circumplex. See the embedded link for additional information.Write a three to five page paper examining and explaining your LSI results. Make sure to comply with the MGMT591_LSI_Grading_Rubric_Wk2_Assignments-1.xlsx provided. The required page count does not include the title page or table of contents. Hint: The table of contents should include the four topics in the grading rubric. LSI Style Interpretations: Go to the LSI1 Results page, find your circumplex profile, and click on the circumplex "slice" of one of the styles. The site will bring you to a customized interpretation of the style you clicked on. Click on each of the 12 "slices" to see all of the customized style description pages.How to Use the InventoryClick http://www.survey-server2.com/lsiuniversity-sso/part_menu.asp to go to the Life Styles Inventory (LSI) exercise. Follow the instructions given on the LSI Website.SectionPointsDescriptionTitle pageTitle of your applied research paper, your name, course number and title, Professor, and date.Personal Thinking Styles25Identify your primary and backup thinking styles: What are your "primary" (highest percentile score) and "backup" (second highest percentile) personal thinking styles as shown in your circumplex? Discuss how your primary and backup personal styles are manifested in your life and work (see the LSI Self Development Guide online). Using the style interpretations in the LSI Guide, describe the styles and give your perceptions about the results. Do you agree or disagree with them and why?Identify your limiting style: Identify and illustrate one style you think might be working against you to reduce your overall effectiveness. Name the style you have chosen, make a few remarks about why you are choosing this style as limiting your professional effectiveness in organizations.Select one behavior associated with this style that you think you would like to change and the difference it will make. Be sure to support your interpretation with examples, etc.LSI Style Interpretations: Go to the LSI1 Results page, find your circumplex profile, and click on the circumplex "slice" of one of the styles. The site will bring you to a customized interpretation of the style you clicked on. Click on each of the 12 "slices" to see all of the customized style description pages.Impact on Management Style35What impact do your personal styles have on your management style? Explore and assess the impact of your personal styles on your effectiveness as a manager in terms of the four functions of management:a. Planning;b. Organizing;c. Leading; andd. Controlling.If you are currently not a manager, assume you are and predict your effectiveness as such.Genesis of Personal Style35Critically evaluate and explain how you developed the personal styles that were revealed in your LSI. What role, for example, did family relationships, school, organizational memberships, culture, etc. have in shaping your personal style?Conclusion and Reflection25Think about your LSI results and your responses to the above questions. Summarize any concluding comments. Close your paper with a statement of at least one question or goal you hope your work in MGMT591 will help you to address, and comment with a few sentences to describe the value of this exercise to your personal and professional development.Include a copy of your LSI Report. Either copy/paste into this assignment or include in the Dropbox as a pdf.Please note: The LSI Self-Development Guide is integrated into the LSI1 Participant account, and is available after you complete the LSI Survey and have access to your results. In-depth and personalized style descriptions can be found by clicking on the style "slices" of the circumplex. For example, if you would like to learn more about the Humanistic-Encouraging style (Style 1), you simply click on the circumplex "slice" for that style. The same goes for the other 11 styles.You can find the Challenge of Change and the Self-Improvement Plan information by using two of the additional links that become available in your LSI online account after the survey is complete. These links are "The Challenge of Change" and "Your Self-Improvement Plan." Good luck with the exercise!
Kaplan Effects of Absorption vs Variable Costing on Net Income Discussion
Discussion Topic 1: Absorption vs. Variable CostingIn this week’s discussion, we will examine the effects of absorption ...
Kaplan Effects of Absorption vs Variable Costing on Net Income Discussion
Discussion Topic 1: Absorption vs. Variable CostingIn this week’s discussion, we will examine the effects of absorption costing and variable costing on net income.Harris Company’s fixed overhead costs are $4 per unit, and its
variable overhead costs are $8 per unit. In the first month of
operations, 50,000 units are produced and 46,000 units are sold. Write a
short memo to the chief operating officer explaining which costing
approach will produce the higher income and what the difference will be.Just do response each posted # 1to 3 down below onlyPosted 1 Hello Class and Instructor,MEMOTo: Chief Financial OfficerDear Sir or MadamTo
completely understand the absorption vs. variable costing, it would
best to define both. It mainly pertains to the allocation of
manufacturing costs and its effect on reporting of net income. Under
the absorption costing method, sales and marketing expenses are treated
as a period cost, and hence expenses are recorded as and when incurred.
In the variable costing method, product cost includes just the direct
costs and variable manufacturing costs.If
the variable cost was used with the Harris Company, then or cost of
sales would be more and decrease profit. On the other hand, if the
absorption cost is used, the out cost would be low, and revenue would
increase. Because of the increase in revenue, the absorption cost
approach would be better to apply for the simple reason it has a fixed
overhead that is deductible per unit basis. The difference in net
income would be: (50000 – 46000) x4 = 16000. Posted 2 MEMO:CFO11/08/2019Sean MeadowsRE: Absorption vs. Variable CostingSir/Madam,I have recently done some research and I believe I have discovered
something of use the company may benefit from knowing. I have provided
below a summary of my calculations for review and please let me know
what you think about these findings:Units produced 50,000Units sold 46,000Remaining Units 4,000Fixed Cost $200,000Fixed Cost Solution --> ($4 x 50,000)We understand there are two different methods the company can
utilize. These two methods are absorption costing and variable costing.
Below are the said methods:Absorption Costing $552,000Variables:Units Sold (46,000)Cost per Unit (Variable Overhead 8 + Fixed 4)Formula --> 46,000 x $12 = $552,000Variable Costing $568,000Variables:Units Sold (46,000)Cost per Unit ($8)Fixed Overhead ($200,000)Formula --> 46,000 x $8 = $368,000 + $200,000 = $568,000As you can see from the above calculations there is a difference in profits by a total of $16,000. This being said we would have more revenue by using the absorption method. Sir/Madam please get back to me with your thoughts on my findings. Posted 3 Hello Class and Professor,In absorption costing approach will report higher net income because in absorption costing approach fixed overhead cost is deducted per unit basis but in variable cost fixed overhead cost will be treated as period cost and whole amount deducted so absorption costing approach will report higher net income.Amount will net income be different = (50000-46000) *4 = 16000 Hello Class and Professor, Please find below the calculation of the costing under two methods, if we go under variable costing method than our cost of sales will be more and less profit and if we go for absorption costing than the out cost will be low and revenue will be more. There is difference of Profit is (568,000 - 552,000) = $ 16,000 CALCUALTION OF cost of production units by using absorption and variable Costing Opening stock 0 Unit Produced = 50000 Unit Sold = 46000 Closing Stock = 4000 Year 1 Calculation of recovery rate of Fixed Expenses = Fixed Expenses = ($ 4 X 50,000 units) = $ 200,000 Particulars Absorption Costing Variable Costing Variable Overhead Cost = $ 8.00 $ 8.00 Fixed Manufacturing Overhead $ 4.00 $ - Cost of Production per unit $ 12.00 $ 8.00 Cost of production under Absorption costing = Production of 46,000 units = 46,000 units X $ 12 = $ 552,000.00 Cost of production under Variable costing = Production of 46,000 units = 46,000 units X $ 8 = $ 368,000.00 Add: Fixed Overhead = $ 200,000.00 Total Cost $ 568,000.00
CUI Skill Builder for Business Data Analytics Home Mortgage Loans Presentation
I believe for task 7 it needs to be a recorded task of the assignment, but if you can just write out the skit then I can t ...
CUI Skill Builder for Business Data Analytics Home Mortgage Loans Presentation
I believe for task 7 it needs to be a recorded task of the assignment, but if you can just write out the skit then I can take care of task 7!
Earn money selling
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