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Question : 3) Which of the following true of long-run pricing? A) It : 1211818

Accounting

 

3) Which of the following is true of long-run pricing?

A) It is fixed at a level that recovers the variable cost of the company and a pre-determined profit markup.

B) It is generally a function of the market factors and the cost involved in production is generally not a consideration.

C) It is a strategic decision designed to build long-run relationships with customers based on stable and predictable prices.

D) It is based only on internal requirements like cost and estimated rate of return as in the long run these requirements are the driving factors of any organization.

 

4) For long-run pricing decisions, using stable prices has the advantage of ________.

A) minimizing the need to monitor competitor’s prices frequently

B) reducing the need to change cost structures frequently

C) reducing competition

D) helping to build buyer-seller relationships

 

5) Purple Trees manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $240 per table, consisting of 60% variable costs and 40% fixed costs. The company has surplus capacity available. It is Purple Trees’ policy to add a 75% markup to full costs. 

 

A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Purple Trees is invited to submit a bid to the hotel chain. What per unit price will Purple Trees most likely bid on this long-term order?

A) $168 per unit

B) $180 per unit

C) $252 per unit

D) $420 per unit

6) Zolas’ Heaters is approached by Ms. Leila, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. Zolas’ Heaters has excess capacity. The following per unit data apply for sales to regular customers:

 

Direct materials$400

Direct manufacturing labor120

Variable manufacturing support60

Fixed manufacturing support200

Total manufacturing costs780

Markup (20% of total manufacturing costs)156

Estimated selling price$936

 

If Ms. Leila wanted a long-term commitment, and not a one-time-special order, for supplying this product, calculate the most likely price to be quoted assuming the markup remains same?

A) $780

B) $580

C) $520

D) $936

 

7) Golden Generator Supply is approached by Mr. Stephen, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. Golden Generator Supply has excess capacity. The following per unit data apply for sales to regular customers:

 

Direct materials$1,700.00

Direct manufacturing labor100.00

Variable manufacturing support200.00

Fixed manufacturing support150.00

Total manufacturing costs2,150.00

Markup (30% of total manufacturing costs)645.00

Estimated selling price$2,795.00

 

If Mr. Stephen wanted a long-term commitment, and not a one-time-only special order, for supplying this product, calculate the most likely price to be quoted assuming the markup remains same?

A) $2,000

B) $2,150

C) $2,795

D) $2,800

8) Gracius Manufacturing is approached by a European customer to fulfill a one-time-only special order for a product similar to one offered to domestic customers. Gracius Manufacturing has a policy of adding a 10% markup to full costs and currently has excess capacity. The following per unit data apply for sales to regular customers:

 

Variable costs:

Direct materials$30

Direct labor10

Manufacturing overhead20

Marketing costs10

Fixed costs:

Manufacturing overhead100

Marketing costs20

Total costs190

Markup (10% of total costs)19

Estimated selling price$209

 

If the European customer wanted a long-term commitment, and not a one-time-only special order, for supplying this product, calculate the most likely price to be quoted assuming the markup remains same?

A) $70.00

B) $190.00

C) $209.00

D) $239.00

9) Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company’s normal operations per month:

 

Output units20,000tables

Machine-hours8,000hours

Direct manufacturing labor-hours10,000hours

Direct materials per unit$105

Direct manufacturing labor per hour$10

Variable manufacturing overhead costs$322,500

Fixed manufacturing overhead costs$1,200,000

Product and process design costs$1,100,000

Marketing and distribution costs$1,125,000

 

For long-run pricing of the coffee tables, what price will most likely be used by Grounded Coffee?

A) $134.76

B) $161.70

C) $222.25

D) $266.70

10) Quick Connect manufactures high-tech cell phones. Quick Connect has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company’s normal operations per month:             

Output units1,250phones

Machine-hours750hours

Direct manufacturing labor-hours700hours

Direct materials per unit$20

Direct manufacturing labor per hour$8

Variable manufacturing overhead costs$175,000.00

Fixed manufacturing overhead costs$126,300

Product and process design costs$143,000

Marketing and distribution costs$153,645

 

For long-run pricing of the cell phones, what price will most likely be used by Quick Connect?

A) $95.00

B) $135.00

C) $175.00

D) $210.00

 

11) Which one of the following activities would most likely be considered a long-run pricing decision?

A) one-time-only special order pricing

B) product mix adjustments in a competitive market

C) setting prices to generate a reasonable rate of return on investment

D) changing prices in response to weak demand

12) Short-run prices should at least recover ________.

A) full cost of producing a product

B) fixed manufacturing overhead

C) variable cost of producing a product

D) variable and fixed manufacturing overhead

 

 

 

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July 1, 2023
    

  

SOCW 6351: Social Policy, Welfare, and Change

Week 4 Discussion 1: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 09/22/2021

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region(My state is Florida the South Region ). Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.

· Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].

· Part 1, "The Logan Family" (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu

Responsiveness to Directions

27 (27%) - 30 (30%)

Discussion posting fully addresses all instruction prompts, including responding to the required number of peer posts.

Discussion Posting Content

27 (27%) - 30 (30%)

Discussion posting demonstrates an excellent understanding of all of the concepts and key points presented in the text(s) and Learning Resources. Posting provides significant detail including multiple relevant examples, evidence from the readings and other scholarly sources, and discerning ideas.

Peer Feedback and Interaction

22.5 (22.5%) - 25 (25%)

The feedback postings and responses to questions are excellent and fully contribute to the quality of interaction by offering constructive critique, suggestions, in-depth questions, additional resources, and stimulating thoughts and/or probes.

Writing.

13.5 (13.5%) - 15 (15%)

Postings are well organized, use scholarly tone, contain original writing and proper paraphrasing, follow APA style, contain very few or no writing and/or spelling errors, and are fully consistent with graduate level writing style.

link to all articles:  https://drive.google.com/drive/folders/1EdJRNdMGRXu32eRvKSd_lbzRzPTdEu3F?usp=sharing

default image
July 1, 2023
    

  

SOCW 6351: Social Policy, Welfare, and Change

Week 4 Discussion 1: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 09/22/2021

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region(My state is Florida the South Region ). Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.

· Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].

· Part 1, "The Logan Family" (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu

Responsiveness to Directions

27 (27%) - 30 (30%)

Discussion posting fully addresses all instruction prompts, including responding to the required number of peer posts.

Discussion Posting Content

27 (27%) - 30 (30%)

Discussion posting demonstrates an excellent understanding of all of the concepts and key points presented in the text(s) and Learning Resources. Posting provides significant detail including multiple relevant examples, evidence from the readings and other scholarly sources, and discerning ideas.

Peer Feedback and Interaction

22.5 (22.5%) - 25 (25%)

The feedback postings and responses to questions are excellent and fully contribute to the quality of interaction by offering constructive critique, suggestions, in-depth questions, additional resources, and stimulating thoughts and/or probes.

Writing.

13.5 (13.5%) - 15 (15%)

Postings are well organized, use scholarly tone, contain original writing and proper paraphrasing, follow APA style, contain very few or no writing and/or spelling errors, and are fully consistent with graduate level writing style.

link to all articles:  https://drive.google.com/drive/folders/1EdJRNdMGRXu32eRvKSd_lbzRzPTdEu3F?usp=sharing

default image
July 1, 2023
    

  

SOCW 6351: Social Policy, Welfare, and Change

Week 4 Discussion 1: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 09/22/2021

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region(My state is Florida the South Region ). Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.

· Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].

· Part 1, "The Logan Family" (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu

Responsiveness to Directions

27 (27%) - 30 (30%)

Discussion posting fully addresses all instruction prompts, including responding to the required number of peer posts.

Discussion Posting Content

27 (27%) - 30 (30%)

Discussion posting demonstrates an excellent understanding of all of the concepts and key points presented in the text(s) and Learning Resources. Posting provides significant detail including multiple relevant examples, evidence from the readings and other scholarly sources, and discerning ideas.

Peer Feedback and Interaction

22.5 (22.5%) - 25 (25%)

The feedback postings and responses to questions are excellent and fully contribute to the quality of interaction by offering constructive critique, suggestions, in-depth questions, additional resources, and stimulating thoughts and/or probes.

Writing.

13.5 (13.5%) - 15 (15%)

Postings are well organized, use scholarly tone, contain original writing and proper paraphrasing, follow APA style, contain very few or no writing and/or spelling errors, and are fully consistent with graduate level writing style.

link to all articles:  https://drive.google.com/drive/folders/1EdJRNdMGRXu32eRvKSd_lbzRzPTdEu3F?usp=sharing

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