Problem 10-26 Flexible Budget and Overhead Performance Report -LO4- LO.docx

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Problem 10-26 Flexible Budget and Overhead Performance Report [LO4, LO5, LO6, LO7] Groschl Company has had great difficulty in controlling manufacturing overhead costs. At a recent convention, the president heard about a control device for overhead costs known as a flexible budget , and he has hired you to implement this budgeting program in Groschl Company. After some effort, you have developed the following cost formulas for the company Solution The Groschi Company Overhead Performance Report .

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CASE 4-2 Real-World Case Two Short Cases: OilCO & ExploreCO Source: Based on article by Parr, A., and Shanks, G. (2000). A Model of ERP Project Implementation. Journal of Information Technology, 15, 289–303. The first company, OilCO, is a refiner and marketer of a broad range of petroleum products in Australia and 11 countries in the Pacific. As one of Australia’s major industrial companies, OilCO directly employs more than 2,000 people and owns assets valued at approximately $2 billion. OilCO is the Australian subsidiary of one of the world’s largest multinational oil companies. It has a nationwide network of 1,800 locations, is one of the four major oil companies in Australia, and enjoys a substantial market share. When the global oil industry underwent significant restructuring and increasing competition, OilCO decided to implement a new system to achieve full process integration and automation, improve customer service, and facilitate planned business restructuring. To meet these complex business requirements the company selected a mainframe-based ERP solution. With 1,600 users in Australia, NewZealand, and the Pacific Islands, this ERP system became one of the largest and most complex mainframe implementations in the world. Itprocessed 25,000–35,000 transactions per hour and handled more than 1,000 orders per day across the country. The implementation of the system at OilCO involved major change to the company’s business processes, so they matched the ERP’s processing methods. Even though they recognized that some existing business process changes were necessary, OilCO aimed to maximize the integration benefits of the ERP while simultaneously streamlining the company’s existing processes. The implementation also involved the development of an oil industry–specific module. The ERP (referred to here as ERP-1) implementation resulted in substantial business benefits for OilCO. They included better sales forecasting, fully automated ordering and delivery processes, real-time financial data, improved data quality, and streamlined business processes. Like any other ERP project, however, ERP-1 went significantly over budget and over time. The second company, ExploreCO, is an oil and gas exploration and production company in southwest Australia. ExploreCO is an affiliate of OilCO. The company is involved in offshore gas and oil exploration and production. When OilCO acquired another oil exploration company that had an operational resource system it became the ExploreCO operational system; however, there was substantial dissatisfaction with this system within the ExploreCO system. ExploreCO had to decide either to rework and upgrade the existing system or to replace it. They chose a new system and conducted a feasibility analysis of several ERP systems. For budgetary reasons and, because it suited their exploration business, they decided to implement an ERP system (referred to here as ERP-2). The budget and project scope were considerably more mo ...

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An IP datagram has arrived with the following information in the header(hex): 45000054 00030000 2006... A.) What is the header size? B.) Are there any options in the packet? C.)What is the size of the data? D.)Is the packet fragmented? E.)How many more routers can the packet travel to? F.)What is the protocol number of the payload being carried by the packet? Solution Answer: We have given IP datagram derived with the information in Hex : 45000054 00030000 2006 Now , here we divide this information as the following : A) Size of the header = 5 x 4 bytes = 20 Bytes B) No, As you can see above C) Length of the data = Total Length - HLEN = 84 - 20 = 64 Bytes D) Yes E) 32 Hops , so 32 routers . The last router will discard the datagram. .

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An Institutional Review Board (IRB) is concerned with how human participants in an evaluation are treated and how the collected data is analyzed and stored. Not every country has IRBs. Provide your opinion on how studies conducted in countries with no IRBs should be perceived. Suggest whether or not data collected during those studies would be reliable. Justify your response. (250+ words) Solution Biomedical research has made remarkable advances over the past century; as a result, ethics in clinical research is of more concern than ever before. There was little public dispute over the ethics of biomedical research until the 1960s, when scandals appeared to erupt worldwide and were opened to the public . There have been many responses to these scandals including recognition of the need for standards and guidelines in the ethics of clinical research. The growing necessity for ethics in clinical research has raised concerns related to controversial issues in the processing of the formal mechanism known as the IRB. There exist various perspectives in special topics with or without consensus. This paper first introduces historically evoked scandals and responses, and then identifies key ethical issues and insights, with topics limited by space constraint. Selected debates are intended as a guide to the ethical issues confronted by physicians and researchers. Research ethics is an essential part of good research practice to protect participants in clinical studies. It is our optimistic belief that these challenging issues will be resolved through a consensus in the future. It is also my hope that this review provides an idea of the ethical framework to those investigators and anesthesiologists who will need to meet the challenges of changing patterns of research circumstances. Potential failures of the system: Problems with collaborative research at Harvard School of Public Health: Problems with collaborative research at UCLA: .

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An economy is characterized by the following behavioral equations: C = 100 + .8 Y D I = 100 G = 200 T = .25 Y Solve for each of the following. Show your calculations. Equilibrium GDP ( Y ) Disposable income ( Y D ) Consumption spending ( C ) Private saving Public saving Suppose government spending increases by 10 (?G=10). By how much will GDP change? (?Y=?) Solution C = 100 + .8 Y D I = 100 G = 200 T = .25 Y At equilibrium: Y=C+I+G Y=100+0.8(Y-T)+100+200 Y=100+0.8(Y-.25Y)+300 Y=400+0.6Y 0.4Y=400 Y=1000 Yd=Y-T Yd=1000-0.25 x 1000 Yd=750 C=100+0.8Yd C=100+0.8x 750 C=700 In equilibrium I+G=S+T 100+200=S+250 S=50 Public savings: S=T-G S=250-200 S=50 Private saving= Y-T-C 1000-250-700 =50 If G increases by 10, then G=210. Y=410+0.4Y Y=1025 GDP will increase by 25. Hence a 10 increase in government spending will increase GDP by 25. Government expenditure Multiplier= 25/10=0.25 .

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An auditor examines a sample of cancelled checks to verify that the checks were signed by two authorized people, in accordance with company policy. This is an example of a: A. Test of a control B. Substantive test C. Cutoff test D. Statistical test Solution substantive test Substantive procedures (or substantive tests ) are those activities performed by the auditor to detect material misstatement or fraud at the assertion level. The different assertions of balances .

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Also indicate all zero-force members. Check all that apply. Check all that apply. Also indicate all zero-force members. Check all that apply. Solution DF and CF Only. Explanation: The chances of zero members can be DF, CF, GC, BH and CH. Starting from DF: We know DF is zero member as there is no load in the joint D and DF joins a straight member CE....Likewise if DF is zero, then CF also becomes a zero member (in the same sense as explained for DF)...But this is not the case for BH as there is a load at joint B..CH also cannot be a zero member as it is not connected to just a straight member (instead BH also exist).....Now coming to GC, GC is not a zero member as there is a load acting at joint G. .

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Although objectives, functional tactics, and action items are included in many implementation plans, why do some organizations have a difficult time following the plans they create? What problems have you faced when creating or following an implementation plan? Do not copy paste and I don\'t need references. Just answer in at least 150 words. Solution The various reasons where organization have difficulty in following the implementation plan they create are as follow: - 1) Ineffective Leadership: - The sucess of the plan depends upon the competency of the leader. The leader has the responsibility to take his team forward. In time of difficulty if the leader is not able to manage things then the crust of project is lost. 2) Stimulus to Change: - When a organization creates a plan but it does not run as thought becasue of various internal and external factors. If the organization do not change as per the requirement then the plan essense is lost. The problem that I faced while creating a implementation plan are as follows: - 1) Procurement of fund: - While I was creating a plan, the biggest problem for me was the procurement of fund. As fund carries a cost. If the cost of borrowed fund is higher that its a difficult situation for the fund. 2) Utilization of fund: - The other problem for me was how to utilize the fund as there is minimum cost that I would have to recover to satisfy my stakeholders. .

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prove or disprove that H = {n e(element) Z| n is divisible by both 8 and 10} is a subgroup of Z? Solution here H = {n e(element) Z| n is divisible by both 8 and 10} and we have Z = { -inf .....-2,-1,0,1,2,3........+ inf} n that is divisible by 8 and 10 is LCM of 8 , 10 = 40 so any number divisible by both 8 , 10 is of form = 40 m where m is some intezer let m =1 => 40 so it also belongs to subgroup Z .

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