Riesemberg Medical Devices is allocating next year's budget among its divisions. As a result, the R&D Division needs to determine which R&D projects to fund. Each project requires various software and hardware and consulting expenses, along with internal human resourcesA budget allocation of $1,300,000 has been approved, and 35 engineers are available to work on the projects The R&D group has determined that at most one of projects 1 and 5 should be pursued, and that if project 3 is chosen, then project 1 must also be chosen. Develop amodel to select the best projects within the budget.Click the icon to view the project expected return (NPV) resources, and cost dataWhich combination of projects maximizes NPV within the budget? Select all that applyA 2B. 6C4D. 7E. 5F 3EG. 1R&D Project DataProjectNPVInternal EngineersAdditional Costs:1$580,0002$725,000410$400.000$200,0003$400,00012$180.0004$340,0008$130 0005$600,0009$196.0006$550.0007$70,0007$650 0008$225,000PrintDone- X

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.
The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year. Available capacity 8,000,000 pages Budgeted usage: Software Development 1,600,000 pages Training 3,000,000 pages Management 2,400,000 pages Cost equation $280,000 + $0.03 per page If DCC uses a dual-rate for allocating its costs, how much cost will be allocated to the Training Department, assuming the Training Department actually made 2,770,000 copies during the year? Multiple Choice $193,900. $203,100. $180,050. $190,079.
SIS Technologies currently allocates insurance costs on the basis of direct labor hours. If the direct labor hours for departments A, B, and C are expected to be 3000, 9000, and 5000, respectively, this year, determine the allocation to each department based on an indirect cost budget of $34,000.
The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year. Available capacity 8,100,000 pages Budgeted usage: Software Development 1,700,000 pages Training 3,100,000 pages Management 2,500,000 pages Cost equation $285,000 + $0.02 per page If DCC uses a dual-rate for allocating its costs based on usage, how much cost will be allocated to the Software Development Department? Multiple Choice $116,740. $100,370. $45,630. $162,000.
The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year. Available capacity 8,070,000 pages Budgeted usage: Software Development 1,670,000 pages Training 3,377,000 pages Management 2,163,000 pages Cost equation $350,000 + $0.03 per page If DCC uses a dual-rate for allocating its costs, how much cost will be allocated to the Management Department, assuming the Management Department actually made 3,020,000 copies during the year? Multiple Choice $195,600. $218,196. $202,910. $212,944.
The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year. Available capacity 9,400,000 pages Budgeted usage: Software Development 2,460,000 pages Training 3,600,000 pages Management 2,940,000 pages Cost equation $307,000 + $0.06 per page If DCC uses a dual-rate for allocating its costs based on usage, how much cost will be allocated to the Management Department? Multiple Choice $247,887. $276,687. $256,878. $130,829.
A local engineering firm is bidding on a design project for a new client. The total budgeted direct-labor costs for the firm are $400,000. The total budgeted indirect costs are $600,000. It is estimated that there are 8,000 billable hours in total. Required: What is the budgeted direct-labor cost rate? What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base? What should be the engineering firm bid on the project if the direct labor hours are estimated at 300 hours?
The Document Creation Center (DCC) for Alegis Corp. provides photocopying and document services for three departments in the St. Paul office. The following budget has been prepared for the year. Available capacity Budgeted usage: Software Development Training Management Cost equation 13,000,000 pages 2,600,000 pages 4,875,000 pages 3,900,000 pages 55,000+ $0.03 per page If DCC uses a dual rate for allocating its costs based on usage, how much cost will be allocated to the Software Development Department?
University of Tampa offers high-quality undergraduate-level programs. UT has two principal operating departments, College of Business and Sciences, and two support departments, Facility Services and Admissions. The base used to allocate facility services is budgeted total maintenance hours. The base used to allocate admissions costs is number of credit hours for a department. The Facility Services budget is $280,000, while Admissions budget is $450,000. Interdepartmental usage is as follows: Services Provided: (Annually) Facilities Admissions COB Sciences Facilities 0 1,500 3,500 5,000 (in hours) Admissions 1,000 0 15,000 9,000 (in credit hrs) (a) Use the Direct Method to allocate support department costs. The amount of Facilities support costs allocated…
University of Tampa offers high-quality undergraduate-level programs. UT has two principal operating departments, College of Business and Sciences, and two support departments, Facility Services and Admissions. The base used to allocate facility services is budgeted total maintenance hours. The base used to allocate admissions costs is number of credit hours for a department. The Facility Services budget is $280,000, while Admissions budget is $450,000. Interdepartmental usage is as follows: Services Provided: (Annually) Facilities Admissions Facilities 0 1,500 COB Sciences 3,500 5,000 (in hours) Admissions 1,000 0 15.000 9,000 (in credit hrs) Use the Reciprocal method to allocate support department costs. What amount of Admissions support costs will be allocated to COB?
The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year. Available capacity Budgeted usage: Software Development Training Management Cost equation 8,180,000 pages 1,508,000 pages 3,452,000 pages 2,580,000 pages $460,000+ $0.02 per page If DCC uses a dual-rate for allocating its costs, how much cost will be allocated to the Software Development Department, assuming the Software Development Department actually made 1,960,000 copies during the year?
Management of Seattle Community Hospital has decided to allocate its three support departments (administration, public relations, and maintenance) to its three operating departments (surgery, in-patient, and out-patient). Budgeted information for the year follows: Direct costs administration $5,400,000 public relations 1,100,000 maintenace and janitorial 1,700,000 Surgery 9,000,000 In-patient 12,000,000 outpatient services 8,000,000 allocation Bases Administration Dollars of assets employed public relations Number of employees maintnance and Janitorial Hours of equipment operation Expected Utilizations Assets Employed Number of Employees Hours of Equipment Operation Administration $1,500,000 20 2,000 Public Relations 900,000 10 1,000 Maintenance and Janitorial 1,600,000 75 3,000 Surgery 4,000,000 20 25,000 In-patient care 2,500,000…

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