Chat with us, powered by LiveChat Bureau of Labor Statistics Not all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explai - Writeedu

Bureau of Labor Statistics Not all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explai

  

Term 1 Unit 6 Discussions

Unit 6 Class DB: Bureau of Labor Statistics (ECO201 Macroecoomics)

Not all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explain the causes of disparity between current total U.S. unemployment and the unemployment rate for a demographic of your choice. Do not just list unemployment rates. Explain what causes the rates for the demographic of your choice to be different from the National average. 

Visit the Bureau of Labor Statistics website.  What is the current national unemployment rate?  Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest.  Is the rate for that demographic higher or lower than the national average?  What are some reasons for the differences? Do some research in support of what you present.  What factors contribute to the differences? 

Covid-19 caveat: The Pandemic did not necessarily impact all demographics in the same way.

Unit 6 Discussion (ACC301 Cost Accounting)

Complete and submit question 9-47 on page 385.

9-47. Activity-Based versus Traditional Costing—Ethical Issues 9-3, 4, 5)

Wendy Chen established Windy City Coaching (WCC) to provide teen counseling and executive coaching services to its clients. WCC charges a $300 fee per hour for each service. The revenues and costs for the year are shown in the following income statement.

WINDY CITY COACHING

Income Statement

Teen Counseling Executive Coaching Total

Revenue   $66,000  $135,000  $201,000

Expenses:      

  Administrative support      40,000

  Transportation, etc.      36,000

  Equipment       20,000

Profit      $105,000

WCC has kept good records of the following data for cost allocation purposes.

       Activity Level 

Activity  Cost Driver  Teen Counseling Executive Coaching

Providing administrative support Number of clients     6   4

Traveling  Number of visits    100   150

Using equipment  Computer hours   900   700

Required:

a. Complete the income statement using activity-based costing and WCC’s three cost drivers.

b. Recompute the income statement using direct labor-hours as the only allocation base (220 hours for teen counseling; 450 hours for executive coaching).

c. How might WCC’s decisions regarding pricing or dropping a service be altered if Wendy were to allocate all overhead costs using direct labor-hours?

d. Under what circumstances would the labor-based allocation and activity-based costing (using Wendy’s three cost drivers) result in similar profit results?

e. A local nonprofit charity is looking for worthy causes to support through financial grants. A primary criterion for support is financial need. Wendy is thinking of applying for support for the teen counseling program. Which allocation method would give her the best chance of winning a grant? Would it be ethical for Wendy to report the income using this method in her application?

Term 1 Unit 6 Discussions

Unit 6 Class DB: Bureau of Labor Statistics (ECO201 Macroecoomics)

Not all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explain the causes of disparity between current total U.S. unemployment and the unemployment rate for a demographic of your choice. Do not just list unemployment rates. Explain what causes the rates for the demographic of your choice to be different from the National average. 

Visit the Bureau of Labor Statistics website.  What is the current national unemployment rate?  Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest.  Is the rate for that demographic higher or lower than the national average?  What are some reasons for the differences? Do some research in support of what you present.  What factors contribute to the differences? 

Covid-19 caveat: The Pandemic did not necessarily impact all demographics in the same way.

Unit 6 Discussion (ACC301 Cost Accounting)

Complete and submit question 9-47 on page 385.

9-47. Activity-Based versus Traditional Costing—Ethical Issues 9-3, 4, 5)

Wendy Chen established Windy City Coaching (WCC) to provide teen counseling and executive coaching services to its clients. WCC charges a $300 fee per hour for each service. The revenues and costs for the year are shown in the following income statement.

WINDY CITY COACHING

Income Statement

Teen Counseling Executive Coaching Total

Revenue $66,000 $135,000 $201,000

Expenses:      

  Administrative support     40,000

  Transportation, etc.     36,000

  Equipment     20,000

Profit     $105,000

WCC has kept good records of the following data for cost allocation purposes.

    Activity Level

Activity Cost Driver Teen Counseling Executive Coaching

Providing administrative support Number of clients 6 4

Traveling Number of visits 100 150

Using equipment Computer hours 900 700

Required:

a. Complete the income statement using activity-based costing and WCC’s three cost drivers.

b. Recompute the income statement using direct labor-hours as the only allocation base (220 hours for teen counseling; 450 hours for executive coaching).

c. How might WCC’s decisions regarding pricing or dropping a service be altered if Wendy were to allocate all overhead costs using direct labor-hours?

d. Under what circumstances would the labor-based allocation and activity-based costing (using Wendy’s three cost drivers) result in similar profit results?

e. A local nonprofit charity is looking for worthy causes to support through financial grants. A primary criterion for support is financial need. Wendy is thinking of applying for support for the teen counseling program. Which allocation method would give her the best chance of winning a grant? Would it be ethical for Wendy to report the income using this method in her application?

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Do you need help with this question?

Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.

WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Chat with us today! We are always waiting to answer all your questions.

Click here to Place your Order Now