The following data are available for the month of April: Units Percentage Complete Costs Beginning WIP inventory, April 13,000 Direct materials 70% $ 6,500 Conversion costs 60 12,000 Units started in April 17,000 Costs incurred in April: Direct materials 16,000 Conversion costs 15,800 Ending WIP inventory 6,000 Direct.

Description solutions manual Cost Management:Strategies for business decisions Hilton Maher Selto 4th edition Delivery is INSTANT.

Hilton/Maher/Selto (HMS) is for instructors who want to teach students to manage costs and not just account for costs. HMS maintains that, “Costs don’t just happen,” and with a pro-active approach toward costs, managers who understand cost implications as well as accountants can add value to an organization. Hilton, Maher, Selto focuses on having students learn to make decisions by the use of Cost Management Challenges in the chapter opener, “You’re the Decision Maker” boxes throughout each chapter, and the “You’re the Decision Maker” simulation on the text website.Sample questions asked in the 4th edition of Cost Management: Strategies for Business Decisions: Recreational Production, Inc., produces a sealant for wood decks. The following data are available for the month of April: Units Percentage Complete Costs Beginning WIP inventory, April 13,000 Direct materials 70% $ 6,500 Conversion costs 60 12,000 Units started in April 17,000 Costs incurred in April: Direct materials 16,000 Conversion costs 15,800 Ending WIP inventory 6,000 Direct materials 60 Conversion costs 55 Spoilage 1,500 Direct materials 75 Conversion costs 60 Required a. Prepare a production cost report using weighted-average costing. Show the flow of costs through the WIP Inventory T-account. BUILD YOUR OWN SPREADSHEET.

Build an Excel spreadsheet to solve requirement (a). Insurance companies spend considerable resources on processing claims (which results in a claim denial or payment to cover a loss). Free Legend Of Zelda Ocarina Of Time Rom Gamecube. Short, accurate processing is desirable because both customers and the company benefit by resolving claims satisfactorily and by using minimum resources to do so.

To improve its insurance claims processing, Global Insurance Company began a pilot project in its Northwest Region claims office to track the time to process each new automobile loss claim during a recent quarter. Processing time begins when a company representative receives a claim and ends when the final settlement is reached. Following are time data related to processing these claims at the company’s Northwest Region. Claim-Processing Time Data Average 8-Hour Days Spent in Days to Complete Percent Number Processing by Adjusters Waiting for Adjusters Waiting for Information Revisions and Corrections Average Cycle Time in Days 0-10 4% 11,520 0.25 3.50 4.10 0.12 7.97 11-20 10 28,800 0.34 8.10 10.10 0.11 18.65 21-30 30 86,400 0.65 9.40 15.20 0.15 25.40 31-40 24 69,120 1.30 9.10 25.60 0.28 36.28 41-50 19 54,720 2.40 11.90 31.40 0.44 46.14 51-60 8 23,040 2.90 12.30 38.20 0.88 54.28 More than 60 5 14,400 3.10 11.50 49.70 2.60 66.90 Total 1 00% 288,000 Required a. Compute the overall average cycle time and throughput efficiency ratio in total and for each stage of processing for automobile loss claims during the quarter. ( Note: These data can be easily analyzed with a computer spreadsheet.) b.

Comment on the apparent cause(s) of long cycle times and low throughput efficiencies. What recommendation would you make to Global Insurance Company to improve its processing of automobile loss claims? Despite conflicting evidence and opinions about the causes of global warming, it is happening.

Furthermore, institutional investors and insurers are getting nervous about the environmental disasters that might follow. Required Explain how large investors and insurance companies might use leading indicators of global warming to improve investing and managing risks.