Discuss the importance of these calculations to a company. Compare and contrast the traditional vs CVP format.

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QUESTIONS:
1. Determine the cost of manufacturing one custom kitchen assuming the units given. Assume the MOH costs are allocated based on the direct labor hours per unit. Please show all calculations and round to the nearest dollar. I would recommend that you calculate the MOH per kitchen first. Discuss other options (at least 2 options) for the activity base and the importance of the MOH allocation.  Do multiple product lines impact the MOH allocation? What happens if MOH is not allocated correctly?
2. What are the variable costs for this product line? What are the fixed costs? I would recommend that you show a schedule for each area on a yearly basis. For the variable costs, also, show them on a per unit (800 units)  How does a company identify each type of cost? Can a cost classification be changed over time? If yes, explain how and give an least two examples. If no, explain why?
3. Prepare a Job Order Cost sheet for the following custom kitchen: Materials $3,500 and 30 hours of labor. What is the customer price? 
What other factors would impact the sales price for this type of company? Can a company rely on setting price based on just a % on cost?
4. What is the Contribution Margin (CM) in total dollars, CM% and per unit for the sale of 800 kitchen cabinets? Explain the importance of CM and how it can be used by companies to predict future income. Create some examples in excel with numbers to show how it can be used.
5. Prepare a traditional Income Statement assuming a volume of 800 units. For the cost of goods sold, please use the per unit cost you calculated in #1. You do not have to prepare any additional schedules. I would use a similar format to exhibit 16-8 on page 737 or from your lecture notes. I recommend that you list out all operating expenses given above. Do not use just Selling and General/Administrative Expenses for your categories. Points will be lost by not listing out all period costs. You can ignore interest and income tax expense. 
6. Prepare three CVP Income Statements using the following yearly volumes: 400, 800 and 1,200. Link this schedule to question #2 for VC and FC calculated.  Keep in mind how variable and fixed costs behave. The traditional income statement from #5 should be about the same net income as the 800 units for the CVP format.(use exhibit 20-12 page 893 as your example – please note that it is missing a title and your numbers are for a year.) 
a) Calculate Break-even in units and sales $ for the company
b) Calculate units and sales $ if the company wants a profit of $1,000,000.
c) Margin of safety $ for 800 units.
Discuss the importance of these calculations to a company. Compare and contrast the traditional vs CVP format. Fully discuss the differences (at least 3) between the traditional vs CVP format. Give examples supported by numbers in excel of how you would use these calculations as the CFO of the company.
7. If the following changes were to be made, calculate a new CVP Income Statement: Direct Material costs decrease by 10%; fixed costs increase by 15% and sales price would increase by 5%. Assume you are selling the 800 units. Should the company consider these changes? Why or why not? This question is not just based on the new net income. Please review the full income statement for changes. What if the sales volume changes? Does this change your answer? I would recommend using volumes higher and lower to see how the changes impact your answer. Include CVP income statements in excel that are needed to support your answer.
Discuss real examples of cost increases for fixed costs (at least 2) and decreases for direct materials (at least 2) that could be implemented for this business. Can the company increase price? What other areas might be impacted due to the price increase? You are the CFO of this business what is important to consider? Give 2 industry specific details that can impact this discussion. Do some research for this industry. It is always important to understand the industry that you are in as some industries have different factors that impact sales and profitability.
Additional information for another product line
Assume another product line is also being considered – bathroom cabinets. Only use this information for the questions listed directly below.
· Higher skilled workers would be required which will result in paying them $18 per hour.
· Additional MOH costs for the year will be $170,000. These costs will be in addition to the costs already being incurred. These costs are due to the additional product line and also related to the current product lines for additional production abilities. The two lines will share all MOH costs.

Should the company consider using      ABC? Advantages and disadvantages? Discuss      why or why not? Areas to include in      the discussion but not limited to the following: impact on product cost, implications of      not using the right allocation and its impact on price if any, what type      of companies use ABC etc….

How specifically would ABC help allocate      MOH costs? 

What is the difference between quality assurance and quality control? What is cost of quality? What are the implications of cost of quality on business success?

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Discussion: Project and Operations Quality Management Practices
According to Reid and Sanders (2016), “there is no single, universal definition of quality” (p. 152). Quality is typically perceived as “meeting the customer’s needs” (Reid and Sander, 2016, p 152). In project management, quality is defined in terms of stakeholder satisfaction. Quality is achieved when a project is completed on time, on budget, and with all of the features and functions expected by the stakeholders. Assuring and controlling quality are important considerations for business operations and those who manage projects. Quality programs and tools, developed in the early 20th century, have evolved to meet the needs of today’s organizations.

What is the difference between quality assurance and quality control?
What is cost of quality? What are the implications of cost of quality on business success?
How does the premise of quality in operations align with project quality management approaches?

Analyze at least one important feature of the U.S. health care system that is of particular interest to you. Explain why you think this feature is significant in terms of health policy and reform.

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Health Care Reform
After much public and political debate, in March 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law by President Barack Obama. The PPACA is one of many health care reform efforts that have sought to correct key features of the U.S. health care system such as financing, service delivery, and care coordination. This week, you will examine the passage of PPACA as a milestone along the historical continuum of health care reform in the United States.

To prepare:

Review      this week’s Learning Resources and media presentation, reflecting on the      evolution of health care in the United States and the public’s response to      health care reform efforts historically and currently.
Consider:      What principal features of the U.S. health care system helped or hindered      the enactment of federal health reform in March 2010? What challenges were      encountered?
How      do these conditions and/or challenges reflect characteristics of the      policy process and the political environment?

By tomorrow Wednesday 02/28/18 4pm, write a minimum of 550 words in APA format with a minimum of THREE scholarly references from the list of required readings below. Include the level one headers as numbered below:
Post a cohesive response that addresses the following:

1) Analyze at least one important feature of the U.S. health care system that is of particular interest to you. Explain why you think this feature is significant in terms of health policy and reform.

2) Describe one or more conditions or challenges specifically related to the passing of the PPACA. Explain how this exemplifies the nature of the policy-making process and

3)  Evaluate how it could relate to the question of why health reform in the United States has been so difficult.

Briefly summarize your selected population health problem and describe how principles of epidemiology are being applied—or could be applied—to address the problem.

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Epidemiology and Population Health
Reflect on your nursing practice for a moment. If you could wipe out one illness, what would it be? How would that impact not just an individual patient, but your entire patient population? What would be the long-term benefits of eliminating that one illness?
The eradication of smallpox by 1979 provides an excellent example of this scenario. This eradication came about as a result of global collaborative efforts involving many countries and organizations, as well as the application of epidemiologic methods. In spite of high initial financial costs, it is estimated that millions of dollars continue to be saved around the world each year as a result of the eradication of this disease.
The eradication of smallpox illustrates the rich history of epidemiology and demonstrates the cost/benefits and implications of improving health at the population level. The application of epidemiologic methods and principles to other critical population health issues continues to play an essential role in improving health and health outcomes.
For this Discussion, you will identify a current population health problem, and you will examine how, and if, the problem is being addressed through the application of epidemiologic principles. You will also discuss the cost-effectiveness of dealing with the problem at the population level.

To prepare:

Review      the Learning Resources, focusing on the smallpox epidemic of the 1960s and      1970s and how health organizations applied principles of epidemiology to      eradicate this disease. (See attached file)
In      light of this example, consider the cost effectiveness of addressing      smallpox at the population level.
Using      the Learning Resources, research a current population health problem      (local or global). Select one on which to focus for this Discussion.
Think      about how principles of epidemiology are being applied—or could be      applied—to address the problem.
What      lessons from the use of epidemiology in the eradication of smallpox might      be applicable to this selected problem? What are the financial benefits of      addressing this issue at the population level as opposed to the individual      level?

By tomorrow Wednesday 02/28/18 by 12pm, write a minimum of 550 words in APA format with a minimum of THREE scholarly references from the list of required readings below. Include the level one headers as numbered below:
Post a cohesive response that addresses the following:

1) Briefly summarize your selected population health problem and describe how principles of epidemiology are being applied—or could be applied—to address the problem.

2) Are there any lessons learned from the use of epidemiology in the eradication of smallpox that can be applied to your selected problem?

3) Evaluate the cost effectiveness of addressing this health problem at the population level versus the individual level.