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Milestone Two, Part I Use Tables I through IV on the MDE Manufacturing Budget to complete your calculations. Refer to Exhibit 7-2 on page 253 of the text

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Milestone Two, Part I
Use Tables I through IV on the MDE Manufacturing Budget to complete your calculations. 
Refer to Exhibit 7-2 on page 253 of the text
Budget Model
Units Sold
Revenues
Variable Costs
  DM-Plastic
  DM-Cedar
  Direct Manuf. Labor
  Variable Manuf. Overhead
  Total Variable Costs
Fixed Manuf. Overhead
Total Costs
Gross Margin
 
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ACC 207 MDE Manufacturing Budget: Bird Feeder I. Sales and Manufacturing Expenses: Budget and Actual (2014)

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ACC 207 MDE Manufacturing Budget: Bird Feeder

        I.            Sales and Manufacturing Expenses: Budget and Actual (2014)

You will use this table to complete Milestones One and Two.

  Budget ($) Actual ($)
     
Sales 1,050,000 991,700
     
Expenses    
Materials – Cedar 225,000 248,160
Materials – Plastic 37,500 37,741
Factory Worker Labor 300,000 332,760
Materials – Indirect 3,000 2,585
Factory Depreciation 78,000 78,000
Factory Utilities 12,000 12,000
Factory Maintenance and Repairs 5,000 4,500
Shipping ($2.25/each) 112,500 105,750
Sales Commissions ($2.00/unit sold) 100,000 94,000
Office Rent 12,000 12,000
Advertising 20,000 20,000
Liability insurance 5,000 5,000
Office Depreciation 1,000 1,000
Office Salaries 48,000 48,000
     
Total Expenses 959,000 1,001,496

      II.            Contribution Margin: Static Budget and Actual Results (2014)

You will use this table to complete Milestone Two.

   Actual Results  Static Budget Amount
     
Units Sold 47,000 50,000
Revenues ($) 991,700 1,050,000
Manufacturing Costs ($)    
Variable 621,246 565,500
Fixed 94,500 95,000
Gross Margin 275,954 389,500

    III.            Standard Variable Manufacturing Costs (2014)

You will use this table to complete Milestone Two.

  Static Budget Costs Standard Input
     
Direct Materials: Cedar 225,000 3.0 ft/unit
Direct Materials: Plastic 37,500 1.0 ft/unit
Direct Manufacturing Labor 300,000 0.5 hrs/unit
Variable Manufacturing Overhead 3,000 0.3 ft/unit

    IV.            Actual Variable Manufacturing Costs (2014)

You will use this table to complete Milestone Two.

  Actual Costs Actual Input
     
Direct Materials: Cedar 248,160 3.2 ft/unit
Direct Materials: Plastic 37,741 1.1 ft/unit
Direct Manufacturing: Labor ($) 332,760 .60 hr/unit
Variable Manufacturing Overhead 2,585 0.25 ft/unit
 
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n the last 10 years, there have been a number of high-profile incidents in which companies have adversely impacted investors and their own

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In the last 10 years, there have been a number of high-profile incidents in which companies have adversely impacted investors and their own profitability because of measurement error or measurement bias in financial statements and reports. For this discussion, research such an incident within the last five years using credible news and financial publications (e.g., Bloomberg, The Financial Times, The Wall Street Journal, The Economist).

After you choose and research your incident, answer the following questions:

  • Was the incident you chose an instance of measurement error or measurement bias? What action did the company take that resulted in error or bias?
  • What were the consequences of the action?
  • What steps, if any, did the company take to rectify the situation?
  • What steps might the company have taken to improve accounting quality?
 
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The TechMech Company produces and sells 5,500 modular computer desks per year at a selling price of $600 each. Its current production equipment, purchased for $1,650,000

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The TechMech Company produces and sells 5,500 modular computer desks per year at a selling price of $600 each. Its current production equipment, purchased for $1,650,000 and with a five-year useful
life, is only two years old. It has a terminal disposal value of $0 and is depreciated on a straight-line basis. The equipment has a current disposal price of $450,000. However, the emergence of a new
molding technology has led TechMech to consider either upgrading or replacing the production equipment. The following table presents data for the two alternatives: a (Click to view the data for the two alternatives.) All equipment costs will continue to be depreciated on a straight-line basis. For simplicity, ignore income taxes and the time value of money.
Read the muirements. Requirement 1. Should TechMech upgrade its production line or replace it? Show your calculations. Determine the total relevant costs over 3 years. (If a box is not used in the table, leave the box empty; do not enter a zero. Use parentheses or a minus sign for numbers to be subtracted.) Over 3 years 0 Data Table
Upgrade Replace Difference
Cash operating costs |
Current disposal price | —450000 450000 U d R I
pgra e ep ace
– ‘ ‘ 2600000 4300000 _ one “me cap’ta’ °°Sts I — 1700000 One-time equipment costs $ 2,600,000 $ 4,300,000
Total relevant costs I Variable manufacturing cost per desk $ 170 $ 75 Remaining useful life of equipment (years) 3 3 Terminal disposal value of equipment $ 0 $ 0

 
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