A new state aid program for tutoring reading and math skills to first graders will provide aid to school districts on thebasis of a formula.  The formula incorporates a district’s property wealth per capita and its number of first graders.  While other indicators might be more appropriate, this would be an example of at least trying to distribute aid on the basis of:

ABC Company has two divisions: East and West. The divisions have the following revenues and expenses:     East West Total Sales $500,000 $550,000 $1,050,000 Variable costs $200,000 $275,000 $475,000 Traceable fixed costs $150,000 $180,000 $330,000 Allocated common corporate costs $135,000 $170,000 $305,000 Operating income (loss) $15,000 $(75,000) $(60,000)   The management of ABC Company is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall (total) company operating income (loss) of (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $117 Units produced 2,900 Units sold 2,500 Variable costs per unit:        Direct materials $32      Direct labor $45      Variable manufacturing overhead $9      Variable selling and administrative expense $2 Fixed costs:        Fixed manufacturing overhead $43,500      Fixed selling and administrative expense $15,000   The total gross margin for the month under absorption costing is (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

Which one of the following public services would probably be the least suitable for imposition of user charges upon direct users of the public service in question?

The following data pertains to activity and maintenance cost for two recent periods:   Activity level (units) 8,000   7,000 Maintenance cost $34,000   $31,500   Maintenance cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for maintenance cost is (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

There are two parts to this test.  Be sure to do both parts as specified.  Answer both Part I and Part II as specified.   PART I—Answer two out of the three questions in this part as specified.   1)As presented in Mikesell, define the term mandate. Present one specific example of a mandate. As considered in Module 4, specify two potential positives and one potential negative about certain mandates OR one potential positive and two potential negatives. about certain mandates.   2)Consider the strategies of: dire consequences, spend to save, it pays for itself, and geographic dispersion.  Select two of these strategies; define them and present a concrete illustration for each one.   3)The City of Happyville Health Department is preparing a new needs request to add two more full-time restaurant inspectors to its current force of three such inspectors.  Suppose the general role of these inspectors is to protect the public from getting restaurant food-related illnesses.  In part, this is pursued via annual restaurant inspections, and special inspections pursuant to citizen complaints.  Specify one example of a potential indicator (measure) that might realistically be projected for if the proposed increase is approved and for if the proposed increase is not approved. (an actual proposal might use multiple indicators—am just asking for one example here) Present two major specific, diverse examples of pesky questions that a budget reviewer might ask about the actual need for the proposed increase in positions? (an actual proposal might elicit many pesky questions—am just asking for two examples here)

Data concerning ABC Company’s single product appear below:       Per Unit Percent of Sales Selling price $230 100% Variable expenses $115 50% Contribution margin $115 50%     The company is currently selling 7,000 units per month. Fixed expenses are $581,000 per month.   Management is considering using a new component that would increase the unit variable cost by $3. Since the new component would increase the features of the company’s product, the marketing manager predicts that monthly sales would increase by 200 units. What should be the overall effect on the company’s monthly operating income of this change? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.

The following data are for One Hoss Town in the fiscal year starting July 1, 2017:   Budgeted town expenditures                                         $10,000,000 Estimated revenue from other than property taxes           $  5,000,000 Net assessed value of property                                      $500,000,000   Assume 100% collection rate, and that the calculated rate does not exceed any state imposed property tax rate and does not violate any state imposed property tax revenue limitations. The Wooden family has a property with a full market value of $50,000.  One Hoss Town is in a state that by law requires that assessments be 100% of full market value.  Assuming perfectly accurate and up to date assessment of the property and no exemptions, what should the Wooden tax bill be for this property:

Which of the following would most likely be considered appropriate fiscal decision-making from a “good budgeting” perspective:

Siddhartha Gautama was born into a poor family who struggled with poverty and sickness.