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First assignment Aviation
1. Chapter 4:
What are the four components that make up an airport? Give an example of a real-world airport example.
2. Chapter 5:
What air traffic management strategies are being developed to enhance aircraft movement through the NAS?
3. Chapter 8:
What are biometrics? What are some of the technologies that are considered to apply biometrics to the airport security environment? Give an example.
4. Chapter 8:
Research and describe a real-world example of airport security measures against future threats. Try to find a new project or recent project that has been implemented in the last three years.
5. Chapter 10:
Research and describe a real-world example of an airport working on plans to become more economically and environmentally sustainable.
6. Chapter 13:
How did the A-380 affect airport facility planning, design, and management?
Second Assignment Managerial accounting
Instructions:
1. When answering the questions, the work that you submit for grading must be your work. Any plagiarism will result in a grade of zero for the exam. If you have questions, please consult with the instructor.
2. The evaluation of the work, especially the qualitative questions depends on the organization of the material and the depth of the answers.
3. PLEASE SHOW COMPUTATIONS FOR QUANTITATIVE PROBLEMS, NO COMPUTATIONS; NO CREDIT.
4. Read each problem carefully and answer completely.
5. Please write your name at the top of the submitted document.
6. Please answer the questions in the context of our class
1.In the context of this course, you will be asked to address the issues/questions below for Marriott International, Inc. (MAR). When addressing the issues/questions, be sure to do so in the context of this course and Marriott. You have been appointed as the special assistant to the Chief Executive Officer, Anthony Capuano who has asked you to address the following two situations:
(3 pts) a) Marriott currently buys most of its room furniture from a manufacturer in China. A representative from a company in Vietnam is offering to sell the furniture for 20% less than the cost from the manufacturer in China. Discuss the issues that you would consider in deciding whether to accept this offer.
(12 pts) b) Mr. Capuano wishes to develop an incentive plan for the hotel managers. Before the plan is implemented, he wishes you to make sure that the budgeting philosophy in the stores is understood by the managers. He has asked you to submit a document, which discusses the key points related to budgeting that were discussed in MBA 640. Be as thorough as possible.
(20 pts) 2.Niko Accessories, Inc. makes a case specifically designed for tablets. The case sells for $35. Data for last year’s operations follow:
Units in beginning inventory 0
Units produced50,000
Units sold45,000
Units in ending inventory 5,000
Variable costs per unit:
Direct materials $6
Direct labor3
Variable manufacturing overhead5
Variable selling and administrative3
Total variable cost per unit $17
Fixed costs:
Fixed manufacturing overhead$300,000
Fixed selling and administrative 150,000
Total fixed costs$450,000
Required:
a) Determine the unit product cost for absorption costing and variable costing.
b) Prepare an income statement using variable costing.
c) Prepare an income statement using absorption costing.
d) Explain the difference in operating income from parts b) and c).
(10 pts) 3. Lundell Industries prepared a budget last period that called for sales of 10,000 units at a price of $15 each. The production costs per unit were estimated to amount to $8.00 variable and $5.00 fixed. Selling and
administrative costs were all fixed at $40,000. During the period, production was exactly equal to the actual sales volume of 12,000 units. The actual selling price was $14.00 per unit. Actual variable costs were $8.50 per unit and actual fixed production coststotaled $55,000. Selling
and administrative costs were $45,000.
Required:
a) Show an operating statement for the actual output, as well as a static budget and flexible budget.
b) What is the purpose of preparing a flexible budget?
(15 pts) 4.The following information is available for 2023 for Mahura Products:
Revenue (400,000 units) $2,500,000
Manufacturing costs:
Materials 200,000
Variable overhead cash costs 64,000
Fixed overhead cash costs 120,000
Depreciation400,000
Marketing and administrative costs:
Marketing cash costs300,000
Marketing depreciation80,000
Administrative cash costs250,000
Administrative depreciation50,000
Total costs$1,464,000
Operating income$ 1,036,000
All depreciation charges are expected to remain the same for 2024. Sales volume is expected to increase by 10 percent, but prices are expected to fall by 9 percent. Material costs are expected to decrease by 10 percent. Variable manufacturing overhead costs are expected to decrease by 5 percent. Fixed manufacturing overhead costs are expected to decrease by 10 percent.
Variable marketing costs change with volume. Administrative cash costs are expected to increase by 12 percent. Inventories are kept at zero.
Required:
Prepare a budgeted income statement for 2024. Round budget line items to the nearest dollar.
(15 pts) 5.The Forsling Gifts Company, a maker of novelties, needs your help immediately. The company accountant resigned without leaving adequate records or explanations for the data collected. In reviewing the records for one product line, you find the following information for last month:
Materials purchased20,000 units @ $.60 each
Materials used15,000 units
Direct labor costs incurred $36,000
Variable overhead costs incurred $ 6,675
Actual fixed overhead $ 7,200
Completed units 7,000
You learn that the standards for the product are:
Direct materials2 units
Direct labor1 hour
Variable overhead$0.95 per direct labor hour
Fixed overhead$0.60 per direct labor hour
You find a copy of the budget which shows that $ 6,000 was budgeted for fixed overhead, and that variable overhead is budgeted at $9,500 when 10,000 direct labor hours are worked per month.
You also find some handwritten notes among the accountant’s workpapers, which indicate the following:
Standard price per unit for materials $ .62
Actual average wage rate $4.80 ($.20 less than the standard)
Required:
a) Compute the eight variances that were discussed in class.
b) Comment on the results.
(8 pts) 6.Bob Company has determined that its new fireplace heat shield would gain widespread customer acceptance if the company could price it at or under $90. Anticipated labor hours and costs for each unit of the new product are:
Direct materials cost$20
Direct labor cost
Manufacturing labor
Hours 1.5
Hourly labor rate$15
Assembly labor
Hours 2.0
Hourly labor rate$12
Machine hours3
The company currently uses the following three activity-based cost rates:
Materials handling $2.00 per dollar of direct materials.
Production $4.00 per machine hour
Product delivery $6.00 per unit.
The company’s minimum desired profit is 20 percent over total production and delivery cost.
Required:
a) Given the above costs and desired profit, compute the price for the new heat shield and determine if it should be marketed by the company.
b) If the price computed in part a) is not practical for the market, what would the target cost have to be to achieve the target price, if the company would be willing to accept a desired profit of 15%?
(9 pts) 7.Bennett Manufacturing has the capacity to produce 200,000 units per year. Its predicted operations for the year are as follows:
Sales (100,000 units @ $30 each)$3,000,000
Manufacturing costs:
Variable$10 per unit
Fixed$500,000
Marketing and administrative costs:
Variable$5 per unit
Fixed$300,000
The accounting department has prepared the following projected income statement for the coming year for your use in making decisions.
Sales$3,000,000
Variable costs:
Manufacturing ($10 x 100,000)$1,000,000
Marketing ($5 x 100,000)500,0001,500,000
Contribution margin$1,500,000
Fixed costs:
Manufacturing $500,000
Marketing300,000800,000
Operating profit$700,000
Required:
a) Should the company accept a special order for 20,000 units at a selling price of $18? Assuming that there are no variable marketing and administrative costs for this order and that regular sales will not be affected, what is the impact of this decision on company profits?
b) Suppose there was a one-time setup fee of $100,000 for the preceding order. Should the special order be accepted? Why?
c) What other factors should be considered and how would they impact your decision to accept the special order?
(8 pts) 8.For many years, Carter Inc. has produced a small electrical part that it uses in the production of its standard line of diesel tractors. The company’s unit product cost for the part, based on a production level of 100,000 parts per year, is as follows:
Per PartTotal
Direct materials$9.00
Direct labor 6.00
Variable manufacturing overhead 3.00
Fixed manufacturing overhead, traceable 6.00$600,000
Fixed manufacturing overhead, common
(allocated on the basis of labor-hours) 8.00$800,000
Unit product cost$32.00
An outside supplier has offered to supply the electrical parts to Carter Inc. for only $28.00 per part. One-half of the traceable fixed manufacturing cost is supervisory salaries and other costs that can be eliminated if the parts are purchased. The other half of the traceable fixed manufacturing costs consists of depreciation of special equipment that has no resale value. The decision to buy the parts from the outside supplier would have no effect on the common fixed costs of the company. The space being used to produce the parts could otherwise be used to generate incremental revenue of $1,500,000 and incremental costs of $1,300,000.
Required:
a) Prepare computations showing how much profits would increase or decrease because of purchasing the parts from the outside supplier rather than making them inside the company.
b) Explain why you would or would not accept the offer.
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