Books Required Policy & Politics in Nursing and Health Care, 6th Edition Author: Diana J. Mason RN PhD FAAN ISBN: 978-1437714166 Publisher: Saunders, (2012)
Week 4 8/21/2017- 8/27/2017 Chapters to Read Week 4 Chapter 13 Using Research to Advance Health and Social Policies for Children Chapter 14 Using the Power of Media to Influence Health Policy and Politics Chapter 15 Health Policy, Politics, and Professional Ethics
Assignment: Write a 500 – word paper using APA Format. Topic: Advancing Children’s Mental Health Using Research to Inform Policy (see text book).
please use the book as reference
Alden Company prepared the following budgeted income statement for the coming year.
| Sales revenue | $ 515,000 |
| Total variable cost | 402,950 |
| Contribution Margin | $112,050 |
| Total Fixed costs | 64,800 |
| Operating income | $47,250 |
Required:
Moon Light Company, which manufactures electrical switches, uses a standard costing system. The standard production overhead cost per switch are based on direct labour hours and are as follows:
Variable overhead (5 direct labour hours @$8.00 per hour…………………. $ 40
Fixed overhead (5 direct labour hours@ $12.00 per hour) …………………… 60
Total overhead………………………………………………………… $100
The following information is available for the month of October.
Variable overhead costs were $2,340,000.
Fixed overhead costs were $3,750,000.
56,000 switches were produced, although 60,000 switches were scheduled to be produced.
275,000 direct labour hours were worked at a total cost of $2,550,000.
Required:
Compute the variable overhead spending and efficiency variances and the fixed- overhead budget and volume variances for October. Indicate whether a variance is favourable or unfavourable where appropriate.
Tulsa Corporation manufactures and sells a seasonal product that has peak sales in the third quarter.
The following information concerns operation for Year 2- the coming year and the first two quarters of Year 3:
| Year 2 Quarter | Year 3 Quarter | ||
| 1 | 2 3 | 4 | 1 2 |
Budgeted sales 40,000 60,000 100,000 50,000 70,000 80,000 in units
Required:
Prepare the following budgets and schedules for the year, showing both quarterly and total figures:
(8 Marks)
Continental Inc. Manufactures two products Classic and Premium. Premium are more complex of the two products, requiring more direct labour time and more machine time per unit than Premium.
Manufacturing overhead is currently assigned to the products on the basis of direct labour hours. The company has gathered some activity information and is interested in the differences between its present costing method and activity based costing. All overhead costs should be allocated to the products. The overhead cost pools and activity drivers are as follows.
| Activity Pool | Overhead Costs | Total Driver Usage |
| Setup | $256,000 | 3200 setups |
| Materials purchasing | 110,000 | 2,750 purchase orders |
| Machining/ fabricating | 136,000 | 27,200 machine hours |
| Total overhead costs | $502,000 |
Other product information is as follows:
| Classic | Premium | |
| Number of units produced | 40,000 | 10,000 |
| Direct materials cost | $15.00 per unit | $30.00 per unit |
| Direct labour cost | $5.25 per unit | $14.00 per unit |
| Direct labour hours | 30,000 | 20,000 |
| Setups | 400 | 2,800 |
| Purchase orders | 2070 | 680 |
| Machine hours | 8,000 | 19,200 |
Required:
ABC School of Music and Art provides classes for school-age children. The students are enrolled in two departments: Music Education and Art Education. The school also has two service departments: Administration and Human Resources (A & HR) and Maintenance (M). The budgeted costs in the two service departments are as follows:
Administration and Human Resources ………………………………………… $342,000
Maintenance……………………………………………………………………. 171,000
The usage of the service department’s output for the year is as follows:
| Product of Service | ||
| Usage of Service | Administration & Human Resources | Maintenance |
| Administration & Human Resources | – | 5% |
| Maintenance | 10% | – |
| Music Education | 40% | 40% |
| Art Education | 50% | 55% |
Required:
Allocate the two services department’s cost to the Music Education and Art Education departments using the following allocation methods.
Mirvac Company Processes and packages cream cheese. The following data have been complied for the month of April. Conversion activity occurs uniformly throughout the process.
Work in process, April 1-10,000 units
| Direct Material: 100% complete, cost of ……………………………………$ | 22,000 |
| Conversion: 20% complete, cost of …………………………………………. | 4500 |
| Balance in work in process, April 1 …………………………………………. | 26,500 |
| Units started during April 1 …………………………………………………………. | 100,000 |
| Units completed during April and transferred out to finished goods inventory………Work in process, April 30: Direct materials 100% complete Conversion 33⅓% complete Costs incurred during April: |
80,000 |
| Direct material ………………………………………………………………………. | $198,000 |
| Conversion costs:Direct labour…………………………………………………………………. $ Applied manufacturing overhead……………………………………………… Total conversion costs………………………………………………………… |
52,800105,600 $158,400 |
Required:
Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted-average method of process costing. (10 Marks)
Malcom Company designs and builds retaining walls for individual customers. On 1 August, there were two jobs in process: job 93 with a beginning balance of $8750 and job 94 with a beginning balance of $7300. Malcom applies overhead at the rate of $8 per direct labour hour. Direct labour wages average $18 per hour. Data on August cost for all jobs are as follows:
Direct Materials $ 950 $4500 $3300 $1300
Direct Labour 2160 5400 2610 900
During August Job 95 and 96 were started. Job 93 was completed on 17 August and the client was billed at cost plus 25%. All other jobs remained in process.
Required:
