# Equivalent units, zero beginning inventory. Candid, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017, the company incurred \$800,000 on direct materials and \$805,000 on conversion costs, for a total manufacturing cost of \$1,605,000. 1. Assume there was no beginning inventory of any kind on January 1, 2017. During January, 5,000 cameras were placed into production and all 5,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? 2. Assume that during February 5,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only 4,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 60% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled camera in February 2017? 3. Explain the difference in your answers to requirements 1 and 2.

Equivalent units, zero beginning inventory. Candid, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January 2017, the company incurred \$800,000 on direct materials and \$805,000 on conversion costs, for a total manufacturing cost of \$1,605,000.

1. Assume there was no beginning inventory of any kind on January 1, 2017. During January, 5,000 cameras were placed into production and all 5,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January?

2. Assume that during February 5,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only 4,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 60% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled camera in February 2017?

3. Explain the difference in your answers to requirements 1 and 2.

# Journal entries (continuation of 17-36). Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process— Assembly. Set up a T-account for Work in Process—Assembly and post your entries to it.

Journal entries (continuation of 17-36). Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process— Assembly. Set up a T-account for Work in Process—Assembly and post your entries to it.

# Transferred-in costs, FIFO method (continuation of 17-39). Refer to the information in Problem 17-39. Suppose that Hoffman Company uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-39 under the FIFO method are that total transferred-in costs of beginning work in process on October 1 are \$2,879,000 (instead of \$2,931,000) and that total transferred-in costs added during October are \$9,048,000 (instead of \$8,094,000). Using the FIFO process-costing method, complete Problem 17-39.

Transferred-in costs, FIFO method (continuation of 17-39). Refer to the information in Problem 17-39. Suppose that Hoffman Company uses the FIFO method instead of the weighted-average method in all of its departments. The only changes to Problem 17-39 under the FIFO method are that total transferred-in costs of beginning work in process on October 1 are \$2,879,000 (instead of \$2,931,000) and that total transferred-in costs added during October are \$9,048,000 (instead of \$8,094,000). Using the FIFO process-costing method, complete Problem 17-39.

# Weighted-average method. McKnight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at McKnight has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department’s process. McKnight uses the weighted-average method of process costing. Consider the following data for the assembly department in April 2017. 1. Summarize the total assembly department costs for April 2017, and assign them to units completed (and transferred out) and to units in ending work in process. 2. What issues should a manager focus on when reviewing the equivalent units calculation?

Weighted-average method. McKnight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at McKnight has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department’s process. McKnight uses the weighted-average method of process costing. Consider the following data for the assembly department in April 2017.

1. Summarize the total assembly department costs for April 2017, and assign them to units completed (and transferred out) and to units in ending work in process.

2. What issues should a manager focus on when reviewing the equivalent units calculation?

Assignment 3 consists of one problem question worth 15 marks. Before attempting this assignment you are expected to have read Text chapters 12, 13 and 14. You are encouraged to make use of additional sources. Sources used in your answer should be fully referenced in APA 6th style.

Answer the following question ensuring that you apply economic principles or theory related to understanding the health of the economy and the need for government intervention to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and examples as necessary.

Question (15 marks)

Using an appropriate diagram, explain the concept of a stable economic equilibrium and provide your assessment of whether or not the Australian economy is currently at a stable equilibrium.

Rationale

This assignment will give you practice in preparing an answer to a question which is similar to the type of questions you are likely to be asked in the examination.

The question addresses the following learning outcomes:

Learning Outcome 5: be able to critically examine and demonstrate why it might be necessary for government to intervene in the production of goods and services and in the distribution of income.

Learning Outcome 6: be able to examine critically the health of the economy as a whole through the analysis of major economic variables and advise on likely policy alternatives.

Marking criteria

Criteria HD (85%) DI (75-84%) CR (65-74%) PS (50-64%) FL (0
Academic writing clearly communicates meaning (10% weighting). Language features and structures are used to convey meaning effectively, clearly, concisely, unambiguously, and in a tone appropriate to the audience and purpose with no spelling, grammatical, or punctuation errors. Language features and structures are used to convey meaning effectively, clearly, unambiguously, and in a tone appropriate to the audience and purpose with few spelling, grammatical, or punctuation errors. The text contains some errors in spelling, grammar, word choice, and structure, lacks clarity occasionally, and may not be concise, but the meaning is apparent to the reader with little effort. The text contains some errors in spelling, grammar, word choice, and structure, lacks clarity occasionally, and may not be concise, but the meaning is apparent to the reader with little effort. Fails to meet criteria for a pass.
Academic writing includes APA 6th referencing (10% weighting). Referencing is comprehensive, demonstrates academic integrity, and conforms exactly to APA style conventions. Referencing is comprehensive, demonstrates academic integrity, and conforms to APA style conventions with fewer than three minor errors or omissions which don’t impact on the transparency and traceability of the source or the demonstration of academic integrity. Referencing is comprehensive and mostly accurate according to APA style conventions. Up to eight minor errors or omissions in style and formatting choices (e.g. italics, punctuation, underlining) don’t impact on the transparency and traceability of the source, or the demonstration of academic integrity. Referencing is comprehensive and mostly accurate according to APA style conventions. Frequent minor errors or omissions in style and formatting choices (e.g. italics, punctuation, underlining) don’t impact on the transparency and traceability of the source, or the demonstration of academic integrity. Fails to meet criteria for a pass.
Analyses the production of goods and services in aggregate and the requirement for macroeconomic stability to identify the conditions under which government intervention in production and income distribution is recommended. (60% weighting). The answer synthesises the theory in relation to the analysis of macroeconomic stability with new insights providing an in-depth application of the theory of government macroeconomic intervention along with clearly labelled relevant diagrams to produce a comprehensive analysis that is used as the basis for identifying the correct government policy decisions within the context of specific macroeconomic circumstances. The answer evaluates the theory in relation to the analysis of macroeconomic stability and recognises that movements away from equilibrium may require government intervention. Decisions based on analysis correctly reflect the options available given specified market conditions and are presented through a sound argument showing good judgement. However, minor errors have been found in the narrative or use of diagrams. The answer correctly interprets the theory in relation to the analysis of macroeconomic stability and recognises that movements away from equilibrium may require government intervention. Decisions with respect to government intervention based on analysis correctly reflect the options available under the conditions specified. However, some errors have been found in the narrative or use of diagrams. The answer identifies the most important elements of theory for the analysis of macroeconomic stability and recognises that movements away from equilibrium may require government intervention. Decisions with respect to government intervention based on analysis correctly reflect the options available under the conditions specified Limited explanation and poor use of diagrams provides marginal support for the conclusions drawn. Fails to meet criteria for a pass.
Provision of examples to support, illustrate or elaborate the application of the economic principles or theory to macroeconomic conditions prevailing in Australia and to macroeconomic policy decisions (20% weighting). The answer provides an example or examples which support the synthesis of the theory in relation to macroeconomic stability and the intervention of government to impact on production and the distribution of income with new insights to support the analyse of the question and/or the decisions based on this analysis. The narrative makes a strong link between the example(s), existing theory and new insights and the application of each to policy. The answer provides an example or examples which support the evaluation of the theory in relation to macroeconomic stability and the intervention of government to impact on production and the distribution of income and/or the decisions based on this analysis. The narrative makes a strong link between the example(s) and theory and their application to policy. The answer provides an example or examples which support the interpretation of the theory in relation to macroeconomic stability and the intervention of government to impact on production and the distribution of income to support the analysis the question and/or the decisions based on this analysis. The narrative makes the link between the example(s) and theory and their application to policy with only minor lapses in logic. The answer provides an example or examples which exhibit the most important elements of theory in relation to macroeconomic stability and the intervention of government to impact on production and the distribution of income to support the analysis of the question and/or the decisions based on this analysis. However the narrative does not make a convincing link between the example(s) and theory and subsequent application to policy. Fails to meet criteria for a pass.

Presentation

Answers should be typed and diagrams must be clear and neat and preferably drawn electronically. Hand-drawn diagrams are acceptable. Sources used in your answer should be fully referenced in APA 6th style. The answer to the question should be divided into three parts:
Part 1: Introduction

The introduction sets up your response by succinctly stating your understanding of the issues, what you think is the best way to analyse the situation – including choice of theory and sources of evidence, what type of findings you expect and what potential applications you expect there to be.
Part 2: Analysis

The analysis will represent the bulk of your work. Here you will provide your answer in detail by drawing upon the literature, the theory and the evidence to come up with an answer to the question posed. You may find that you want to break this section up into a number of sub-parts – one for a detailed discussion of the issues including your non-technical response, one for a detailed analysis of the tools of analysis you will use (theory), one for your extensive consideration of the evidence, one where you draw together your information and findings along with their implications.
Part 3: Conclusion

In the conclusion you briefly and succinctly review what you have done in answer to the question and indicate what further issues there might be to be considered.

Requirements

Sources used in your answer should be fully referenced in APA 6th style.

This assignment must be submitted through Turnitin.

It is recommended that your name, student ID and page numberare included in the header or footer of every page of the assignment.
Further details about submission in Turnitin are provided in online submission

Page 1 of 3
INFO9003
IT for Health Professionals
Database
Design
Assessment
(30%)
Description
Although
WEWA
Hospital
is
active
in
Randomised
Clinical
Trials
(RCT),
it
does
not
have
a
good
information
system
to
monitor
the
progress
of
these
trials.
You
are
to
design
a
database
system
to
store
the
trial
information
for
the
management.
The
following
is
a
description
of
how
they
conduct
trials
in
the
hospital.
There
are
many
RCT
projects
conducted
in
the
hospital.
A
project
must
have
at
least
one
researcher.
Each
researcher
must
have
at
least
one
role
in
the
project.
Role
can
be
protocol
writer,
scientist,
analyst,
support
staff
etc.
A
researcher
can
have
more
than
one
role
in
a
project.
Having
said
that,
a
researcher
does
not
necessarily
need
to
work
in
a
project.
Explicit
information
has
to
be
kept
for
a
project,
e.g.
title
of
the
project,
commencement
date
and
end
date,
name
of
the
funding
agency
and
the
amount
if
it
external
support,
and
status
of
the
project,
i.e.
active,
lapsed,
suspended
or
completed.
Each
project
consists
of
at
least
one
experiment
and
it
recruits
people
as
subjects.
During
the
recruitment,
a
participant
must
sign
a
consent
form
and
this
date
has
to
be
recorded.
In
some
occasions,
a
small
financial
reward
is
negotiated
with
the
participant
and
this
amount
has
to
be
kept
as
well.
An
experiment
belongs
to
only
one
project.
A
room
in
the
hospital
must
be
booked
(date/time)
for
an
experiment.
A
detailed
instruction
has
to
written
for
each
experiment,
so
that
the
researcher(s)
can
follow.
Since
an
experiment
may
have
multiple
participants,
the
date/time
of
the
experiment
of
each
participant
has
to
be
written
down
and,
of
course,
the
various
measurements
(temperature,
blood
pressure
etc.)
must
also
be
jotted
down.
If
drug(s)
is/are
used
in
the
experiment,
names
and
the
dosages
of
the
drug
will
also
be
recorded.
It
is,
of
course,
crucial
to
record
demographic
details
(such
as
name,
date
of
birth,
gender,
etc.)
of
the
participants.
For
the
researcher,
information
of
his/her
list
of
specialties
has
to
be
stored,
while
it
is
important
to
record
the
list
of
diseases
and
allergies
for
the
patients.
Num
Where?
Descriptions
1
Report
• Create
an
Entity-­‐Relationship
Diagram
(ERD)
of
this
RCT
database
system
for
WEWA
Hospital
according
to
the
given
description.
You
should
include
any
assumption
you
may
have
in
preparing
this
ERD.
2
Report
• Map
the
entities
in
your
ERD
to
physical
tables,
and
complete
them
with
meta-­‐data.
3
Access
• Implement
the
results
in
2
to
become
a
database
in
Microsoft
Access.
Page 2 of 3
Submission
Procedure
This
is
an
individual
assignment
with
submission
scheduled
outlined
below.
[Note.
The
University
now
considers
a
week
to
start
on
Monday
and
to
end
on
Sunday]
Assessment
Description
Percentage
Due
2
Database
Design
Assessment
30
23:59
of
Sunday
in
w8
Students
are
expected
to
submit
the
report
and
the
Access
database
electronically
no
later
than
● Due
date:
as
specified
in
the
table
above,
Learning
Management
System
● Penalty:
10
marks
will
be
deducted
per
calendar
day.
Report
will
not
be
accepted
after
5
working
days
from
the
due
date.
Page 3 of 3
CRITERIA-­‐BASED
MARKING
Pass
A
student
can
only
get
a
mark
in
the
Pass
if
he/she
completes
all
of
the
following
items:
1. Submission
of
soft
copy
of
ERD
and/or
reports
to
eLearning
site.
2. Complete
1.
3. The
ERD
is
a
basic
attempt
to
model
the
description
of
the
RCT
scenario
in
WEWA
Hospital.
4. The
symbols,
cardinalities
and
participation
constraints
used
in
the
ERD
are
relatively
correct
but
still
have
many
errors.
Credit
A
student
can
only
get
a
mark
in
the
Credit
if
the
student
has
met
the
Pass
with
the
completion
of
all
of
the
following
items:
5. The
ERD
is
a
good
attempt
to
model
the
description
of
the
RCT
scenario
in
WEWA
Hospital.
6. The
symbols,
cardinalities
and
participation
constraints
used
in
the
ERD
are
mostly
correct
with
only
a
few
minor
errors.
7. Complete
2,
and
a
document
of
mapping
the
ERD
to
physical
tables
with
meta-­‐data
is
submitted
to
eLearning
site.
Distinction
A
student
can
only
get
a
mark
in
the
Distinction
if
the
student
has
met
the
criteria
in
the
Credit
with
the
completion
of
all
of
the
following
items:
8. The
symbols,
cardinalities
and
participation
constraints
used
in
the
ERD
are
correct
with
almost
no
error.
9. Complete
3,
and
an
implementation
of
ERD
in
Access
ERD.
High
Distinction
A
student
will
only
be
considered
a
mark
in
the
High
Distinction
if
the
student
has
met
the
criteria
in
the
Distinction
with
the
completion
of
all
of
the
following
items:
10. Careful
elaboration
and
quality
extension
to
the
existing
descriptions
of
the
problem
with
justified
rationales.
11. Excellent
assumption
and
insightful
discussion.
12. Quality
implementation
of
the
database
design
to
Access.
13. High
quality
ERD
and
report
presentation.

ISY310 – Assignment#1 Business Analysis Report

Worth 20% of total course mark

AIH is considering offering financial help for its students without using a government sponsored program but by developing its own financial programs with existing financial institutions. AIH will source the funds from these organisations and will be the guarantor for the funds.

Current financial assistance is from the government. The objective is to offer very low interest finance (or even no interest finance) to encourage more people to enrol and do various courses and degrees at AIH. The potential loss in interest on capital being provided for the students to study is offset by the increase in revenue from enrolments and the increase in the marketing image of AIH to the community at large from this incentive. Another benefit is the competitive advantage the initiative will provide for AIH against the other universities and private institutions offering similar courses.

The initiative is called: “We can pay you to study now”.

Some of the business goals include:

Increase student enrolment

Offer assistance for student fees

Offer assistance for student living expenses

Provide an avenue for students to study more and work less during the academic semesters.

Encourage senior citizens, professionals, homemakers, low income earners, rural residents, international students, holidaymakers and other potential groups to study without worrying about the costs associated with studying for a degree.

There are risks associated with the idea. For instance, the risk of accruing bad debts from this scheme and causing financial hardship for students and the university.

You have been hired as a data miner / business analyst to do a thorough data mining process on the initiative for the organisation. To do the work properly you will need to consider (and do as you see you fit) all the activities described in the attached document on the data mining process.

Assignment 1: Due ONLINE on Moodle by 24th September, 2017 (Date Extended)

A thorough report covering all issues mentioned in Assignment 1 (next page under Section 1): e.g. business understanding.

SECTION 1

1.1 Determine business objectives (100 words)

The first objective of the analyst is to thoroughly understand, from a business perspective, what the client really wants to accomplish. Often the customer has many competing objectives and constraints that must be properly balanced. The analyst’s goal is to uncover important factors at the beginning of the project that can

influence the final outcome. A likely consequence of neglecting this step would be to expend a great deal of effort producing the correct answers to the wrong questions.

Activities:  Problem area (200 words)

Identify the problem area (e.g., Marketing, Customer Care, Business Development, etc.). Describe the problem in general terms. Check the current status of the project (e.g., Check if it is already clear within the business unit that we are performing a data mining project or do we need to advertise data mining as a key technology in the business?).  Clarify prerequisites of the project (e.g., what is the motivation of the project? Does the business already use data mining?). Identify target groups for the project result (e.g., Do we expect a written report for top management or do we expect a running system that is used by naive end users?).  Identify the users’ needs and expectations.

Describe the customer’s primary objective, from a business perspective, in the data mining project. In addition to the primary business objective, there are typically a large number of related business questions that the customer would like to address. For example, the primary business goal might be to keep current customers by predicting when they are prone to move to a competitor, while secondary business objectives might be to determine whether lower fees affect only one particular segment of customers.

Informally describe the problem which is supposed to be solved with data mining. Specify all business questions as precisely as possible.  Specify any other business requirements (e.g., the business does not want to lose any customers).  Specify expected benefits in business terms.

Output: Business success criteria (100 words)

Describe the criteria for a successful or useful outcome to the project from the business point of view. This might be quite specific and readily measurable, such as reduction of customer churn to a certain level or general and subjective such as “give useful insights into the relationships.” In the latter case it should be indicated who would make the subjective judgment.  Specify business success criteria (e.g., enrolment rate increased by 20 percent).  Identify who assesses the success criteria. Each of the success criteria should relate to at least one of the specified business objectives.

1.2 Assess situation (800 words)

Activities:  Inventory of resources (100 words)

List the resources available to the project, including: personnel (business and data experts, technical support, data mining personnel), data (fixed extracts, access to live warehoused or operational data), computing resources (hardware platforms), software (data mining tools, other relevant software).

Activities: Sources of data and knowledge (200 words)

Identify data sources.  Identify type of data sources (on-line sources, experts, written documentation, etc.).  Identify knowledge sources.  Identify type of knowledge sources (online sources, experts, written documentation, etc.).  Check available tools and techniques.  Describe the relevant background knowledge (informally or formally).

DM 1.0

Activities: Requirements, assumptions and constraints (500 words)

List all requirements of the project including schedule of completion, comprehensibility and quality of results and security as well as legal issues. As part of this output, make sure that you are allowed to use the data. List the assumptions made by the project. These may be assumptions about the data, which can be checked during data mining, but may also include non-checkable assumptions about the business upon which the project rests. It is particularly important to list the latter if they form conditions on the validity of the results. List the constraints made on the project. These constraints might involve lack of resources to carry out some of the tasks in the project within the timescale required or there may be legal or ethical constraints on the use of the data or the solution needed to carry out the data mining task.

List the risks, that is, events that might occur, impacting schedule, cost or result. List the corresponding contingency plans; what action will be taken to avoid or minimize the impact or recover from the occurrence

of the foreseen risks.

Identify business risks (e.g., competitor comes up with better results first). Identify organisational risks (e.g., department requesting project not having funding for project). n Identify financial risks (e.g., further funding depends on initial data mining results). Identify technical risks. Identify risks that depend on data and data sources (e.g. poor quality and coverage).

Determine conditions under which each risk may occur. Develop contingency plans.

1.3 Determine data mining goals (100 words)

A business goal states objectives in business terminology; a data mining goal states project objectives in technical terms. For example, the business goal might be “Increase catalogue sales to existing customers”

while a data mining goal might be “Predict how many widgets a customer will buy, given their purchases over the past three years, relevant demographic information and the price of the item.”

Describe the intended outputs of the project that enable the achievement of the business objectives. Note that these are normally technical outputs.

Activities: Translate the business questions to data mining goals (e.g., a marketing campaign requires segmentation of customers in order to decide whom to approach in this campaign; the level/size of the segments should be specified). Specify data mining problem type (e.g., classification, description,

# A Caesar cipher is a simple substitution cipher based on the idea of shifting each letter of the plaintext message a fixed number (called the key) of positions in the alphabet. Write a program that can encode and decode Caesar ciphers. The input to the program will be a string of plaintext and the value of the key. The output will be an encoded message where each character in the original message is replaced by shifting it key characters in the Unicode character set. One problem how do you deal with the case when we drop off the end of the alphabet. A true Caesar cipher does the shifting in a circular fashion where the next character after “z” is “a”. encode the following sentence with a shift of 4 and then decode the cypher text back into the original message

A Caesar cipher is a simple substitution cipher based on the idea of shifting each letter of the plaintext message a fixed number (called the key) of positions in the alphabet.

Write a program that can encode and decode Caesar ciphers. The input to the program will be a string of plaintext and the value of the key. The output will be an encoded message where each character in the original message is replaced by shifting it key characters in the Unicode character set.

One problem how do you deal with the case when we drop off the end of the alphabet. A true Caesar cipher does the shifting in a circular fashion where the next character after “z” is “a”.

encode the following sentence with a shift of 4 and then decode the cypher text back into the original message