Analyze the following scenario: Meals for the Homeless buys 30,000 large cans of green beans each year. The cost of each can of beans is $4. The cost to place an order for beans, including the time of the employee placing the order, shipping, and so forth, comes to $20 per order.

Analyze the following scenario: Meals for the Homeless buys
30,000 large cans of green beans each year. The cost of each can of
beans is $4. The cost to place an order for beans, including the
time of the employee placing the order, shipping, and so forth,
comes to $20 per order.

Analyze the following scenario: Meals for the Homeless buys
30,000 large cans of green beans each year. The cost of each can of
beans is $4. The cost to place an order for beans, including the
time of the employee placing the order, shipping, and so forth,
comes to $20 per order. The out-of-pocket carrying costs (for
storage, etc.) are $0.30 per can per year. In addition, Meals
calculates its interest at 5 percent. How many cans should be
ordered at a time? How many orders should there be each year? What
are the total ordering costs and carrying costs at the EOQ?
Contrast the total of the ordering costs and carrying costs at EOQ
to the total ordering and carrying costs if the cans were all
ordered at the beginning of the year. (You will need to read and
understand Appendix 7-A to complete this discussion). Clearly label
the calculations of the economic order quantity using Excel (you
may attach your Excel worksheet to your discussion postin your
online classroom). Use formulas to calculate the EOQ and format the
cells to insert a comma if there is more than three numbers. Round
to the nearest whole number. Explain the advantages and
disadvantages of EOQ in a Word document not to exceed 200 words.
You must respond to at least two of your classmates’ postings to
receive full credit.
Internal Controls
Joy Becket is the director of Eyeglasses for the Poor (EP). EP
receives donations of eyeglasses and recycles them for use by the
nearsighted needy around the world. Sometimes the eyeglass frames
are expensive designer frames that can be sold to raise operating
funds for the organization. Joy is concerned that EP’s resources
are not adequately safeguarded. This problem is compounded by the
fact that there are relatively few employees so separation of
duties is difficult. She does know that if anything goes wrong
(i.e. waste of resources, embezzlement), she will be held
responsible. Therefore, she has called you in as an expert
consultant in the area of accountability and control. She has asked
you to recommend specific procedures and policies for enhancing the
internal controls for the organization. Write a one-page memo
identifying policies and procedures she should consider adopting.
Respond to at least two of your classmates’ postings.
Assignment To complete the following assignment, go to this
week’s Assignment link in the left navigation.
Volume, Risk, and Price Variances
Analyze the variances in the following scenario:
You are the nursing administrator for a medical group that
expects a severe outbreak of the flu this winter. You hire
additional staff to treat the patients and administer shots. Your
special project budget was for 1,000 hours of part-time nurses’
services at $40 per hour, for a total cost of $40,000. It was
expected that these nurses would administer 400 flu shots and treat
1,600 flu patients. The medical group typically charges $50 for a
flu shot and $80 for treating a flu patient. Actually, the group
had 1,200 patients who received the flu shot and 1,400 who had the
flu and received treatment. On average, it was able to collect $55
per flu shot and $70 per flu patient.
Compute the volume, mix, and price revenue variances. How did
things turn out for the group considering just revenues? How did
they turn out from a profit perspective? Use either the approach
from chapter 8 or from Appendix 8-A to solve. Clearly label the
calculations of the required variances using Excel. Use formulas to
calculate the three variances and format the cells to insert a
comma if there is more than three numbers and round to the nearest
whole number. Explain the meaning of the variances in a two page
Word document.
Submit to your instructor your two-to-three page Word document
(not including the title and reference pages) and your Excel
worksheet. Your paper should be formatted according to APA style as
outlined in the approved APA style guide, and you must cite at
least two scholarly sources in addition to the textbook.

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