AACC 206 Week Three Assignment Please Complete The Following
Aacc 206 Week Three Assignmentplease Complete The Following Five Exerc
AACC 206 Week Three Assignment: Complete the following five exercises in a single document, either in Excel or Word. Show your work where appropriate; calculations within Excel cells are acceptable. Submit the completed document via the Week Three Assignment Submission button.
Paper For Above instruction
Exercise 1: Overhead Application – Working Backward
The Towson Manufacturing Corporation applies overhead based on machine hours. You are provided with divisional data: Division A has actual machine hours of 22,500 and an estimated 20,000 hours, with an overhead rate of $4.50. Division B’s actual machine hours are unknown, and its estimated hours are also unspecified. The actual overhead for Division A is $110,000, and for Division B, it is not given. The estimated overhead for Division B is $90,000, and applied overhead is $86,000, with an over- or under-applied amount of $6,500.
Your task is to find the unknowns for each division: actual machine hours for Division B, actual overhead for Division B, and the applied overhead, along with the over- or under-applied overhead.
Exercise 2: Computations Using a Job Order System
General Corporation uses a job order costing system. On May 1, the ledger balances include Work in Process ($35,200), Finished Goods ($86,900), and Cost of Goods Sold ($128,700). Work in Process consists of Jobs 101 ($20,400) and 103 ($14,800). During May, direct materials requisitioned total $96,500, and direct labor incurred is $114,500, subdivided into Job 101 and other jobs. The company applies overhead daily at 150% of direct labor costs.
Tasks:
a) Calculate the total overhead applied during May.
b) Determine the cost of ending work in process inventory at May 31.
c) Compute the cost of jobs completed during May.
d) Find the cost of goods sold for the fiscal year ending May 31.
Exercise 3: High-Low Method
Heritage Products' cost data across four quarters in 20X6 show shipping costs and orders shipped:
- Q1: $58,200, Orders: unknown
- Q2: $58,620, unknown
- Q3: $60,125, unknown
- Q4: $59,400, unknown
Using the high-low method:
a) Determine variable cost per order shipped.
b) Calculate fixed shipping costs per quarter.
c) Forecast total shipping costs for 20X7 if activity is 570 orders, assuming current cost behavior continues.
Exercise 4: Break-Even and Cost-Volume-Profit Relationships
Cedars Hospital's data:
- Average revenue: $180 per patient day
- Variable costs: $45 per patient day
- Fixed costs: $4,320,000 annually
Tasks:
a) Calculate the number of patient days needed to break even.
b) Determine the revenue needed to achieve a target income of $540,000.
c) If variable costs decrease to $36, determine how much fixed costs can increase without changing the break-even point.
Exercise 5: Direct and Absorption Costing
Consumer Products' yearly data:
- Beginning inventory (1/1): 1,000 units
- Units manufactured: 80,000
- Units sold: 82,000
- Ending inventory units: unknown
- Manufacturing costs per unit: Direct materials ($3), Direct labor ($5), Variable overhead ($9)
- Fixed factory overhead: $280,000
- Selling & admin expenses: Variable ($2/unit), Fixed ($136,000)
- Selling price per unit: $26
Tasks:
a) Find the ending inventory units.
b) Calculate unit costs under:
1) Direct costing
2) Absorption costing
c) Prepare income statements for the year under both costing methods.
Additional Research Paper: Casino Marketing Strategies and Trends
Write a six-page, double-spaced research paper (APA format excluding title and references) on one of the following topics:
- Direct Mail Marketing Strategies and Trends
- Pros and Cons of Social Media in Casino Marketing
- Casino Promotion Strategies and Trends
- Technology and Trends in Casino Database Marketing
- Player Development Challenges and Strategies
- Attracting and Marketing to Premium Players
- Casino Marketing Careers and Competencies
Filename format: TM472_lastname_FirstInitial_Research_Paper. Submit via Turnitin.
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This document consolidates five detailed accounting exercises covering overhead application, job costing, high-low method analysis, break-even and CVP analysis, and costing methods, as well as instructions for a research paper related to casino marketing strategies.