A Review of the Movie Coach Carter Essay Example for Free

A Review of the Movie Coach Carter Essay While some players refuse to even attempt to meet these new standards, those who stay find themselves capable of, and dreaming of a future that had never once entered their minds. The following is a brief review of the challenges faced by both coach carter and his team, and the decisions and methods made and used by the coach to press his team on to success both on and off the court. Summary First we will quickly assess the challenges faced by Ken Carter as a coach and leader to this group of young men. He inherits a team of selfish, showy players, concerned only with their own stats and not doing the little things it takes to make the team a winning one. He moves into a school that seems to be supportive of the idea that these kids have no future beyond highschool and that the boys should be allowed to enjoy this temporary releif from a life where there are 4 times more likely than to go to college. The students alost have issues outside of school with one player looking at potential fatherhood and another player involved with gangs and drugs. If this was not enough the coaches own son transfers from a private prep school in order to play for his father. A basic breakdwon of these challenges into more generic ideas would look like this. The leader moves into an organization where those underneath him have no respect for his or the organizations values. There is no strucure in place for their success both individually or corporatly. Those in positions above him seem indifferent to the problems facing their charges, they are just trying to make it through the day. Also, there is a possible challenge of dealing nepotism in regards to showing favoritism towards his own son. In order to deal with these many issues Coach Carter had to instill his own strucure from the very beginning. To be firm in his convictions and actions while maintaining the compassion that would be needed to break down the walls of his players. If he were to waver at all the players would jump on him and his cause would be lost in an instant. These players had no stability in their lives outside of the gym, so it was critical to his and their success that there was something they could cling to no matter how turbulent their lives may be. They key to all of these issues was respect. The players had no respect for the game, their coaches, or themselves. In order for them to change, they had to understand the value that he placed on them and to understand that he saw things in them that they had not bothered to look for. There were so many variables outside of Ken Carters control. Turbulent home life, pressure to make it out of an economically depressed area, and the lack of cooperation from the students teachers and administration where lying in wait for the coach. Not only were their outside issues but there was also issues within the team. Lack of talent was not an issue however which helped to spur the team on to success once the proper structure and motivation was put in place. The players he was charged with leading bickered amongst themselves, ignored the previous coach, and disrespected the game and their opponents while being more concerned with their own pride than winning the games. From the beginning the goal for Coach Carter was to focus on the wellbeing of the students, to make them winners, not just on the court but in life. He imposed strict standards and when the students failed to meet them they were met with harsh consequenses, incudling being suspended from the team and the entire team being locked out of the gy muntill their grades improbed. He put himself on the line as coach to back up the idea that he was more concerned with their progress as men and students than on their success as bsketball players. While demanding respect and dealing swiftly with indescretions by his players he also displayed compassion towards these young men, allowing them to work their way back onto the team, and bringing one player back twice after his cousin was chot in front of him in a drug deal gone bad. The focus on this movie was on the development of the players as people more than the basketball teams success, however the systems put in place by Coach Carter for both paths ran paralell to one another. He began with the basics, conditioning and fundementals on the court, respect and discipline in life. Moving on to offense on the court and thinking about the future in real life. This was done on both ends to prove that what sets you up for success in the future is the decisions and habits that you implement today. The things that take the hardest work most often offer the greatest rewards. Application So what can I take from this story as it relates to my future in both coaching and athletic administration. The biggest concept that i have taken from this movie is the idea of respect and discipline. To have respect for the players i lead and the organizations within which i am given responsibilities. To lead those under me to an understanding of both their intrinsic and extrinsic value and to press them towards growth within and outside the confines of sports and careers. Finally the concept of discipline as a means to freedom. To work so hard on the foundation of excellence so that when the moment comes to leap forth and seize the goal, no thought will be given to the long hard hours of training and work, but the ingrained habits will propel us upwards to the realization of excellence in all our endeavors.

Implementation of Knowledge Management

Implementation of Knowledge Management 1. Obstacles to the implementation of knowledge management There are two main factors that affect implementation of KM, organizational culture and technology. Organizational Culture A pattern of shared necessary assumptions that a group has learned in order to solve their problems of outer adaption and inner integration, is a right way to be considered and therefore, to be taught to new group members as an appropriate method to look, understand, think and feel about those problems (Schein 1992:12) is a definition of organizational culture. In other words, it is a framework to perform different tasks within an organization. Culture plays a vital role in the KM initiative. Studies finding causes of KM program breakdown (Barth, 2000; KPMG, 2000) stated that organizational culture is one of the most important barriers to success than others (Tuggle, 2000). Organizational culture is a most crucial factor to create value through leveraging knowledge assets that add to organizations ability (Cole-Gomolski, 1997; Ruggles, 1998). If an organizations culture is aligned with KM then it can implement and use KM for their decision making process. When a group or individual dynamically comes in contact with each other in an organization, it leads to the creation of knowledge that can be mobilized outside the boundaries of organization. For example, a new manufacturing process can fetch changes in suppliers manufacturing method that can lead to a new way of product and process or method enhancement in the organization. Knowledge can be transferred outside from the organization and knowledge from more than one organization interacts together to develop new knowledge (Badaracco, 1991; Wikstrom Normann, 1994; Nonaka Takeuchi, 1995; Inkpen, 1996). According to Krogh, G. V., Ichijo, K., Nonaka, I. (2000) organizations physical, emotional and virtual factors are responsible for knowledge creation. An obstacle to knowledge creation is, when individuals will unable to handle new situation and information. Organizational culture focuses on sharing of knowledge and fear of innovation as well (Microsoft Corporation, 1999). Knowledge sharing can be hindered due to employees different skills, academic and technical backgrounds, languages and expectations. Language difference can cause improper verbal and written communication. An organization should allow their employees to experiment in order to learn from previous failures. Organization must build friendly environment where employees should not be afraid of committing mistakes and must encourage sharing of lessons learned in order to avoid mistakes from being repeated (Ndlela and Toit, 2001). Technology Organizations must have good IT infrastructure that supports collaboration of knowledge workers and data repositories, support computer based tools for conferencing. Furthermore, organizations should have well developed technology that can be aligned with knowledge management. Improper alignment of IT and KM can lead to implementation gap. But it is really difficult for technology structure to fully support all KM aspects, technology is a critical aspect that allows and facilitates many KM processes and initiatives (Alazmi Zairi, 2003; Artail, 2006; Davenport et al., 1998; Hariharan, 2005; Hasanali, 2002; Wong, 2005). Hansali said although technology is important but it has to be used as a tool to support KM initiatives and not as the source of initiative. If technology tools such as intranet, virtual communities of practices could be formed, that can add up to the scope and timeliness of knowledge sharing (Ardichvili, Maurer, Li, Wentling, Stuedemann, 2005). Finally, the architect ure of information system within an organization that wishes to implement KM need to provide tools that support integration of all organizational computer components. 2. Knowledge capture Knowledge capture is a term related to knowledge creation in an organization. According to Nonaka and Takeuchi (1995), an ongoing cyclic process of socialisation, externalisation, combination and internalisation is known as knowledge creation. It is really vital process in knowledge management. According to Manasco, (1996), Knowledge management supports knowledge creation by utilising some mechanism, this mechanism identifies, captures and avail the knowledge. To do this it is important to find what knowledge has to be captured, why it has to be captured, what method is required to capture, how it has to be captured, how it has to be stored, how it can be retrieve and what are the ways it can be used. After answering all the above questions there is a chance in increase of KM initiatives overall success (McCampbell et al., 1999). Knowledge is created when individuals interacts among themselves or with others and with their environment. In knowledge creation when individual and enviro nment interact with each other, changes occur at both the levels, individual influences by themselves and by the environment with which they interact. Knowledge creation within an organization consists of three elements a) the SECI process (socialisation, externalisation, combination and internalisation), it defines the knowledge creation by conversion among tacit and explicit knowledge. b) ba, shared framework for creating knowledge. c) Knowledge assets such as inputs and outputs in knowledge creation. The above three elements need to interact among each other to form a kind of knowledge spiral that captures knowledge. The knowledge assets (input and output) of an organisation are shared in ba, but tacit knowledge which is held by individuals is transformed and improved by spiral of knowledge that consists of socialisation, externalisation, combination and internalisation. Garza and Ibbs (1992), suggested four techniques of knowledge capture, each is for capturing dissimilar types of knowledge:- Examining public knowledge:- it enables capturing of knowledge in order to familiarise people to understand the current thoughts and ideas on a particular subject. Interviews:- they are of two kinds structured and unstructured. Unstructured interviews enable knowledge holder to explain liberally their feelings about the key elements in their work. Structured interviews consists all the questions that of interest to knowledge capturer. In this the interviewee has to give answers of all those questions. Observation: this technique is used to capture knowledge by watching some live incident. Induction:- it allows to identify the gaps in existing rules and to analyse the cause of it by studying the case. According to me there are some other knowledge capturing methods that vary from one organization to the other, because the knowledge structure can differ between different organizations with in same industry. But still the above basic techniques will always be a building block for knowledge capture in any type of organization. 3. KM as a tool for supporting innovation Knowledge management and innovation are related to each other. Organizations have always searched for new and improved methods of doing business to acquire competitiveness. Organizations create and exploit knowledge in order to achieve advantage over their competitors this is what we call innovation. According to Roger (1995), innovation is an idea, practice, or object that is perceived as new by an individual or other unit of adoption.. Innovation can also be defined as a decision making process by evolving change in technology, process and management approach. (Walker and Hampson 2003b, p238). Basically, the term innovation depends upon knowledge development. The transformation of one type of knowledge into other is known as knowledge creativity. Suppose if there is any knowledge involved in technology improvement it should be documented. According to Amidon (1997) there are two important aspects in KM as an approach to support innovation, first, knowledge is the main component of innovation and second, activities involved in managing knowledge flow and its use. Knowledge and knowledge workers are the intellectual capital of an organization. A companys KM performance is directly related to its intellectual capital, which affects its innovation (Wong, 2005). According to Egbu et al. (2001a), any organization that wants to gain competitive advantage needs to be innovative. Method related to the development of new product is called product innovation where as new ideas involved in the deployment of new and efficient method of production is called process innovation. The efforts related to innovation are to find, identify and deployment of new technologies, products and processes. These efforts are documented and available as information. This creation of information involves knowledge evolution. New knowledge motivates organizations into new kind of business in more rewarding industry, when knowledge management is influenced positively by findings of innovation. According to (Harari, 1994; Nonaka, 1994; West, 1992), organization that provides a framework to improve knowledge of their individuals is more likely to face present rapidly changing market and to innovate in the context where it wants to compete and do investment. Managers are responsible to underline their individuals skills and experiences which in turn evolve creativity. KM enables knowledge worker to contribute in facing new problems that requires new approaches of finding solutions and demand for innovative approaches. Today companies are interested in applying new logical approaches derived from contributed effort of KM and knowledge worker to give a better innovative way of success to their business. 4. Difference between Knowledge Management and Knowledge Management Systems Knowledge management According to (Myers, 1996; OLeary, 1998; OLeary, Kuokka, Plant, 1997)., knowledge management is a process of transforming organizational knowledge obtained from available sources and associating human resource to that knowledge. In other words, KM aims to identify, create, collect, transfer and reprocess of knowledge to help organization to compete (Devedzic, 1999, von Krough, 1999). KM involves managing of knowledge according to organizations benefit. KM enhances production and production process of an organization. Knowledge will always available within organization but proper management of knowledge is of great importance for organization to achieve success. This is the reason why companies are using systematic approach for managing knowledge. According to KPMG (1998a), the aims of KM are, To improve response time, To improve decision making process by following KM initiatives, To increase productivity and profitability, Developing different business opportunities, Cost diminution, Staff retention and Increase share value. For example, KM can be used to develop or gather resources such as design, business, learning and training (Liao, 2003). KM also includes organizational learning, organizational memory and management (Thomas et al., 2001). KM can be viewed as an umbrella consisting of organizational learning that involves capturing and utilizing knowledge to create new knowledge, organizational memory that stores organizational knowledge in database repository and management that involves the management of knowledge to enhance its success by top management. To make knowledge serve the organization continuously, it has to be captured, compiled, stored and shared among human resource. Knowledge management system KMS is a type of system that automates the process of creation, collection, organization and exploitation of knowledge. In general the aim of KMS is to automate the KM processes and create knowledge out of knowledge. KMS is a combined form of IT and KM. According to Abdullah et al. , (2002), KMS is a special kind of system comprised with information technologies and communication technologies, that automates KM processes (creation, collection, organization and exploitation of knowledge) by interacting with computer systems of the organization. KM system consists of knowledge repositories, intranets, web portals and decision making tools by which individuals can access the organizational knowledge (Ernst and Young, 2001). KMS must integrate all computer components within entire organization to provide its full feature. If the entire organizations computer components are not integrated properly with KMS, it will lead to implementation gap due to which organization will not be able to c reate new knowledge by exploiting the existing one and hence the organization cannot remain innovative. Finally, I can say that KM is a concept and KMS is used for implementing this concept. The role of organisational memory in KM Knowledge is very important for an organization. Managing that knowledge is really crucial for an organization to achieve success and to be competitive. KM is a concept used for managing knowledge. Today organizations are really interested to know what they know from their past experiences. Organizations forget what they have done, how they have done and why they have done it in the past. Organizational memory keeps the track of it and shares it among individuals within organization. Organizational memory stores and magnifies knowledge by creating, capturing, accessing and reprocessing knowledge of their employees. According to Stein and Zwass (), the process by which knowledge can be brought from past to apply it on present activities, resulting in each level of organizational effectiveness. This organizational effectiveness ultimately improves the performance of organization. Walsh, J. P. and G. R. said, organizational memory is information stored in some database that comes from o rganisations history and can be used to make present decisions.

The Great Gatsby and the tainted American Dream Essay -- essays resear

Benjamin Franklin coined the phrase, â€Å"American Dream† during the early infancy of our country, proposing this dream as, â€Å"That pursuit of a better existence †¦ [and] a higher quality of life through hard work, determination, and devotion.† While this may be what many of the characters in The Great Gatsby believe (Jay Gatsby in particular), one critical ideal is discarded in Fitzgerald’s twisted refinement of Franklin’s definition: morality. It is apparent that Jay Gatsby achieves his wealth and social status through illegal and immoral means, such as bootlegging alcohol. The irony becomes remarkably stunning when one realizes that the section of Franklin’s autobiography, which outlines his method for achieving this dream, is entitled â€Å"Moral Perfection†. Fitzgerald presents a dark satire by portraying the immoral Jay Gatsby as an icon for the decay of the dream Franklin proposed and promoted so avidly. Fitzgerald masterfull y allows the reader watch the evolution of Franklin’s American dream from its fertilization in the ambition of James Gatz to its dominance over Gatz’s life, eventually spawning Jay Gatsby (Gatz-bye) a self-destructive man holding on to a dream that can never become a reality. In addition to Gatsby’s delusional pursuit of happiness, Nick Carraway, our narrator, suffers from the same addiction to a dream, which, if made true, will never live up to its expectations. It is obvious that Nick envies Gatsby, hence the title of the novel. Nick is in awe of Gatsby’s wealth, social power and moreover, and most of all, the carefree lifestyle it allows. Nick, at the same time he is completely unaware of the illicit means by which Gatsby has gained his wealth. Following Gatsby’s death at the end of the novel, Fitzgerald shows Nick’s awakening from his dream to persuade the reader to walk away from his novel understanding the lesson that Nick learns from Gatsby’s folly. Fitzgerald strives to expose a striking realization that the American dream that Franklin proposed will never be able to deliver its promise of â€Å"a better existence† in a society where morality is tossed aside so casually. Fitzgerald litters the novel with a cast of characters who are struggling to chase either emotionless dreams or impossible ones. All of these other characters suffer from this plague of disillusionment that has come to be known as a staple in modernist writing. Morality... ...ended up had he followed Gatsby and taken that â€Å"job† offer. Tom and Daisy both suffer from the sins of gluttony and avarice that dominate their dreams of happiness, they can’t get away from thinking that the more they own the happier they’ll be. This can be seen in the way Tom mourns little for Myrtle, but only worries about himself when George comes to see him after Myrtle’s death. If he feels a little hurt it’s because he’ll have to go out and find another mistress, and we can’t say for sure whether or not he will. Fitzgerald is bent on making sure the readers take away one message, there is no more American dream. He doesn’t stop there though, he goes on to warn his readers that if you don’t believe him and decide chase your personal American dream and shoot too high or too low, you will end up miserable, possibly for the rest of your life. Lastly, there is no doubt that this novel’s message about the d ecay of the American dream is solely focused on an audience facing some of the most vastly changing times in our civilization’s history and a warning that just like Jay Gatsby found out, there is no way to reclaim the past, that American dream, Franklin’s American dream is gone.

Galahad as a Christ Figure Essay -- God Religion Galahad Essays Papers

Galahad as a Christ Figure Very few people can call themselves a Christ figure. There are so many elements that go into being a Christ figure. Galahad had all those elements. He was enraptured, he saw 'the wonders of the Holy Grail', and he had disciples. Also, he made life better for human beings by sacrificing himself for others, he preformed miracles, and he heard holy voices and saw holy visions. Because of all that he did Galahad was a proven Christ figure of his time. Galahad would hear holy voices and see visions throughout his journeys. Galahad saw a vision of angels praying about a silver table, meaning that he was close to the end of his search for the Holy Grail. Many times voices would help him and warn him. At one time he was about to kill one of the knights he had been fighting when a voice told him, 'If those two knights had known you as well as I do, they would let you alone.' Hearing this, Galahad rode off without killing either of the knights. The voice saved him from killing his own father. 'For once caution was the better part of valor!' Performing miracles to make life better for human beings is a characteristic that Christ figures possess. When the silver table appeared on Galahad?s boat, he needed help taking it off. He called to an old crippled man to help him carry it. The old man told Galahad that he had been crippled for far too long and such a task would be impossible for him. Finally, the cripple obeyed Galahad and when he stood up he ...

Ancient Corinth Essay -- Greece Ancient History Historical Papers

Ancient Corinth ?Unlike most other cities in the ancient world, Corinth was a city destined for prosperity and longevity no matter who occupied it or how it was governed.? It is as old, or older, than any other ancient Greek city, with origins that lie only in myths and legends that are more than two thousand years old.? Little is known of who established the city or when it was actually founded.? What we do know is Corinth was a very important city and it became a major player in ancient Greek and Roman history.? ?The main reason for the existence of Corinth is the same reason for its greatness.? The ancient civilizations of the Mediterranean world produced this city out of geographical and commercial necessity.? The southern most part of Greece is very nearly an island, attached to the main landmass by only a four mile wide isthmus, with the Corinthian Gulf to the west, and the Saronic Gulf to the east.? Corinth sits along this narrow isthmus, making itself one of the most important trading and commercial centers of the ancient world.? Corinth was positioned perfectly between the two greatest political city-states in ancient Greece, Athens to the north and Sparta to the south; because, any traffic from these two cities, as well as anywhere else to the north and south, had no choice but to pass through Corinth.? The east and west traffic, on the other hand, had a choice to pass or not pass through Corinth, though limited as that choice was (Barclay 1).? The only way to sail east to west in th e Mediterranean was all the way around the southern tip of Greece, known as Cape Malea.? Cape Malea was considered the most dangerous Cape in all the Mediterranean due to its high seas, contrary winds, and difficult navigation (Engel... ...hey knew they could not keep such a gold mine lying in ruins.? So Corinth did not die, instead it was a cultural hubbub for over a thousand years. Bibliography Barclay, William. The Letter to the Corinthians, Revised Edition. The Westminster Press,? Philadelphia.? 1975 Engels, David. Roman Corinth, An Alternative Model for the Classical City. University? of Chicago,? Chicago, 1990. Papahatzis, Nicos. Ancient Corinth, The Museums of Corinth, Isthmia and Sicyon.? Ekdotike Athenon S.A.? Athens, 1981. Papakyriakou/Anagnostou, Ellen. ?History of Corinth?.?www.sikyon.com/Korinth/history_eg.html Parada, Carlos. ?The Seven Sages of Greece, Between Legend and History.? http://homepage.mac.com/cparada/GML/SevenSages.html#Periander Strabo. ?Geography, 8.6.20-23? (Late 1st Century BCE-Early 1st Century)?www.abu.nb.ca/courses/Pauline/images/StraboCor.htm

A Rose for Emily: An Example of Regionalism Essay

1. Emily Grierson: She is the old lady that lives at the house, she is a town legend and is respected because she is a lady. 2. Colonel Sartoris: He was the former mayor of the town who absolved Miss Emily of any taxes after the death of her father. 3. Tobe: He is Miss Emily’s servant and the only connection to the outside world. 4. Judge Stevens: he was very respectful to Miss Emily and to save her pride had several men sprinkle lime on her property. 5. Homer Barron: The man who fell in love with Miss Emily while on a construction job. The introduction to the lesson says that Faulkner’s â€Å"great theme was the American South.† â€Å"A Rose for Emily† is a good example of regionalism. Identify two examples of local color from the story. Emily Grierson was not willing to join in with those who moved into the new era. She refused to pay her taxes. Another example is the fact that the narrator did not believe that Emily could truly love Homer Barron because he was a Yankee.   In the first paragraph Miss Emily is compared to a â€Å"fallen monument.† What does his metaphor tell the reader about her social status before she died? She was legendary in the town, everyone knew her or of her. She was part of the town itself. ï‚ · Part two begins with a shift in time. At this point in the story, Miss Emily’s father has been dead for two years and the townspeople begin to complain about a suspicious smell. After you have finished reading the story, hypothesize about the cause of the sm ell. I think the cause of the smell was her father’s body rotting.   Who begins to date Miss Emily in Part III, and why was he in town? Homer Barron was who she started dating. He was in town to start building the sidewalks in town.   What is the climax of the story? Explain your answer. The climax of the story is when Miss Emilie dies because that’s when everyone could officially start talking about her. In parts III & IV, Miss Emily makes a few suspicious purchases in town. What does she buy and what is the purpose of each item? She buys Arsenic supposedly for the rats.   Ã¢â‚¬Å"A Rose for Emily† is not told in chronological order. List each section in chronological order and explain your choices. Part 2 is first because it was 30 years ago. Part 3 is continuing directly after this. Part 4 speaks of her funeral. Part five speaks of after her funeral.   In section II Emily’s cousins came expecting a wedding. When they don’t find Homer, they assume he went to prepare for the wedding. After Emily’s cousins left, â€Å"within three days Homer Barron was back in town.† What happened to Homer next? He returned to the house one evening around dusk and then was never seen again. When the story returns to present day and the townspeople enter Miss Emily’s upstairs room, what do they find after breaking down the door? They found the rotting body of Homer Barron. ï‚ · What do you suppose happened to Homer Barron? What context clues help you piece together his fate? I think Miss Emilie hit him over the head because of the dent in the head and a piece of her hair was by him so that shows that it was her.

Week 2 Quiz

. (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2,250,000 and direct labor hours are budgeted at 415,000 hours. Actual overhead was $2,200,000 and actual direct labor hours worked were 422,000. (a) Calculate the predetermined overhead rate. Rate, based on budgeted factory overhead cost and budgeted activity, that is established before a period begins. 2,250,000/415,000Budgeted activity units used in the denominator of the formula, more often called the denominator level, are measured in direct labor-hours, machine-hours, direct labor costs, or production units. Read more: http://www. answers. com/topic/predetermined-overhead-rate#ixzz2NxCv9pKK (b) Calculate the overhead applied. Applied overhead = predetermined overhead rate x actual direct labor (c) Determin Prorate the overhead variance to the appropriate accounts 765 – 750 = variance of 15K Rate This Answe r e the amount of overhead that is over/under applied. 2. TCO 2) Thibodeaux Limousine Corporation is trying to determine a predetermined manufacturing overhead. Estimated overhead for the upcoming year is $776,000. Budgeted machine hours are 105,000 hours, and budgeted labor hours are 17,500 hours at a rate of $10. 00 per hour. Compute the predetermined overhead rate based on: (a) Direct labor dollars Labor rate variance = (Actual hours worked ? Actual rate) ? (Actual hours worked ? Standard rate) Read more at http://accounting4management. com/direct_labor_rate_variance. htm#pqUTOT7ClOOtMr4F. 99 (b) Direct labor hours (c) Machine hours 3. TCO 1) List and briefly describe four of the five differences between managerial accounting and financial accounting 4. (TCO 2)The following information is available for Sappy’s Surgical Shears for the fiscal year ending December 31, 20XX. Beginning balance in Finished Goods $ 17,000 Ending balance in Finished Goods 15,200 Beginning balance in Work in Process 2,500Ending balance in Work in Process 1,836 Selling expenses 123,000 General and administrative expenses 89,000Direct material cost 54,500 Direct labor cost 66,000 Manufacturing overhead 21,400 Sales 385,000 Prepare a schedule of cost of goods manufactured. . (TCO 2) Match each of the following six terms with the phrase that most closely describes it. Each answer below may be used only once. Read also Quiz Week 42. ______ 1. activity-based costing ______ 2. cost of goods available for sale ______ 3. period costs ______ 4. process costing system ______ 5. just-in-time system ______ 6. work in process A) Costs assigned to the goods produced; also known as manufacturing costs (B) Materials costs that are not traced directly to products produced (C) System that seeks to minimize Raw Materials Inventory and Work in Process Inventory (D) Cost of items that are completed and transferred from Work in Process Inventory to Finished Goods Inventory (E) Costs that are identified with accounting periods rather than with goods produced (F) Actual overhead is greater than overhead that has been applied to products (G) Method of assigning overhead costs that uses multiple allocation bases (H) System that uses job-order sheets to collect costs for each individual job (I) Cost of all materials and parts that are directly traced to the items produced (J) Beginning balance in the Finished G oods Inventory plus cost of goods manufactured (K) Overhead applied to products is greater than the actual overhead costs incurred (L) Used by companies that produce large quantities of identical items (M) Cost of all manufacturing activities other than direct material and direct labor (N) Inventory account that contains the cost of goods that are only partially completed 6. (TCO 2) Far Out Ceramics akes custom macaroni tile and applies job-order costing. The following information relates to the fiscal year ending December 31,20XX. Beginning balance in Raw Materials Inventory $ 12,500 Purchases of raw material 189,000 Ending balance in Raw Materials Inventory 14,300Beginning balance in Work in Process 24,500 Ending balance in Work in Process 23,100Direct labor cost 89,700 Manufacturing overhead applied 66,200 Actual manufacturing overhead 64,100Beginning balance in Finished Goods 28,900 Ending balance in Finished Goods 24,300Sales 432,000Selling expenses 120,000 General and administ rative expenses 86,000 How much is cost of goods sold? 7. TCO 2) Match each of the six following terms with the phrase that most closely describes it. Each answer may be used only once. _____ 1. Direct costs _____ 2. Fixed costs _____ 3. Incremental costs _____ 4. Economic Resource Planning system _____ 5. Noncontrollable costs _____ 6. Opportunity costs (A) Costs that increase or decrease in total in response to increases or decreases in the level of business activity (B) Costs that are directly traceable to a product, activity, or department (C) Costs that a manager can influence (D) The difference in costs between decision alternatives (E) Costs incurred in the past that are not relevant to present decisions (F) Costs that cannot be influenced by a manager G) Financial plans prepared by management accountants (H) Value of the benefits foregone when one decision alternative is selected over another (I) Costs that cannot be directly traced to a product, activity, or department or a re not worth tracing (J) Costs that do not change in total with changes in the level of business activity (K) These systems prepare a master production systems and all the support across the company. (L) Allows companies and suppliers to share information to improve efficiency in getting inputs. (M) Allows customer data analysis and support, often in online format for customers. 8. (TCO 3) The Marinade Department began the period with 150,000 units.During the period the department received another 180,000 units from the prior department and at the end of the period 112,000 units remained which were 17%complete. How much are equivalent units in The Marinade Department’s work in process inventory at the end of the period? (TCO 3) The Franc Zeppo Venture manufactures a product that goes through two processing departments. Information relating to the activity in the first department during April is given below: Work in process, April 1: 50,000 units (80% completed for materials a nd 60%completed for conversion. Work in process, April 30: 45,000 units (70% completed for materials and 60%completed for conversion. 4. The department started 380,000 units into production during the month and transferred 385,000 completed units to the next department.Compute and calculate the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs. 1. Question : (TCO D) A company that has a profit can increase its return on investment by Student Answer: increasing sales revenue and operating expenses by the same dollar amount. increasing average operating assets and operating expenses by the same dollar amount. increasing sales revenue and operating expenses by the same percentage. decreasing average operating assets and sales by the same percentage. Instructor Explanation: Chapter 12 2. Question : (TCO D) Given the following data, what would ROI be?Sales $50,000 Net operating income $5,000 Contribution margin $20,000 Average operating assets $25,000 Stockholder's equity $15,000 Student Answer: 10% 20% 16. 7% 80% Instructor Explanation: See Chapter 12. ROI = Net operating income / Average operating assets = $5,000 / $25,000 = 20. 0% 3. Question : (TCO D) Given the following data: What is the return on the investment (ROI)? Sales $50. 000 Net operating income $5,000 Contribution margin $20,000 Average operating assets $25,000 Stockholder's equity $15,000 Student Answer: 10% 20% 16. 7% 80% Instructor Explanation: ROI = Net operating income / Average operating assets = $5,000 / $25,000 = 20. 0%