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Compare and contrast accounting principles in lean production to those of typical production.Compare and contrast accounting principles in lean production to those of typical production.

by | Jun 19, 2022 | Questions & Answers

Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a
community mental health agency, is concerned about the dilemma of
coping with reduced budgets next year and into the foreseeable
future but increasing demand for services. To plan for reduced
budgets, she must first identify where costs can be cut or reduced
and still keep the agency functioning. Below are some data from the
past year.
Program Area
Costs
Administration
Salaries:
Administrator
$60,000
Assistant
$35,000
Two Secretaries
$42,000
Supplies
$35,000
Advertising and promotion
$9,000
Professional meetings/dues
$14,000
Purchased Services:
Accounting and billing
$15,000
Custodial
$13,000
Security
$12,000
Consulting
$10,000
Community Mental Health Services
Salaries (two social workers)
$46,000
Transportation
$10,000
Outpatient mental health treatment
Salaries:
Psychiatrist
$86,000
Two Social Workers
$70,000
In an Excel spreadsheet: Provide a dollar range of costs to
reduce budgets (worst and best case analysis). She needs to cut
$94,000 in cost. Prioritize those cuts that can be made without
impacting the operation or quality care of the organization.
For more information on creating Excel Spreadsheets, please
visit the Excel Lab.
In addition to the Excel spreadsheet required to support your
responses, you must prepare an APA formatted paper that will
address the following: Dr. Stephanie White, the Chief Administrator of Uptown Clinic, a
community mental health agency, is concerned about the dilemma of
coping with reduced budgets next year and into the foreseeable
future but increasing demand for services. To plan for reduced
budgets, she must first identify where costs can be cut or reduced
and still keep the agency functioning. Below are some data from the
past year.
Program Area
Costs
Administration
Salaries:
Administrator
$60,000
Assistant
$35,000
Two Secretaries
$42,000
Supplies
$35,000
Advertising and promotion
$9,000
Professional meetings/dues
$14,000
Purchased Services:
Accounting and billing
$15,000
Custodial
$13,000
Security
$12,000
Consulting
$10,000
Community Mental Health Services
Salaries (two social workers)
$46,000
Transportation
$10,000
Outpatient mental health treatment
Salaries:
Psychiatrist
$86,000
Two Social Workers
$70,000
In an Excel spreadsheet: Provide a dollar range of costs to
reduce budgets (worst and best case analysis). She needs to cut
$94,000 in cost. Prioritize those cuts that can be made without
impacting the operation or quality care of the organization.
For more information on creating Excel Spreadsheets, please
visit the Excel Lab.
In addition to the Excel spreadsheet required to support your
responses, you must prepare an APA formatted paper that will
address the following: Describe how managerial accounting is
different from cost accounting. Describe the lean production
philosophy. Compare and contrast accounting principles in lean
production to those of typical production. Describe how you would
advise Dr. White to prepare for reduced budgets.
Submitting your assignment in APA format means, at a minimum,
you will need the following: TITLE PAGE. Remember the Running head:
AND TITLE IN ALL CAPITALS ABSTRACT. A summary of your paper…not an
introduction. Begin writing in third person voice. BODY. The body
of your paper begins on the page following the title page and
abstract page and must be double-spaced (be careful not to triple-
or quadruple-space between paragraphs). The type face should be
12-pt. Times Roman or 12-pt. Courier in regular black type. Do not
use color, bold type, or italics except as required for APA level
headings and references. The deliverable length of the body of your
paper for this assignment is 4-5 pages. In-body academic citations
to support your decisions and analysis are required. A variety of
academic sources is encouraged. REFERENCE PAGE. References that
align with your in-body academic sources are listed on the final
page of your paper. The references must be in APA format using
appropriate spacing, hang indention, italics, and upper and lower
case usage as appropriate for the type of resource used. Remember,
the Reference Page is not a bibliography but a further listing of
the abbreviated in-body citations used in the paper. Every
referenced item must have a corresponding in-body citation.Describe the lean production
philosophy. Compare and contrast accounting principles in lean
production to those of typical production. Describe how you would
advise Dr. White to prepare for reduced budgets.
Submitting your assignment in APA format means, at a minimum,
you will need the following: TITLE PAGE. Remember the Running head:
AND TITLE IN ALL CAPITALS ABSTRACT. A summary of your paper…not an
introduction. Begin writing in third person voice. BODY. The body
of your paper begins on the page following the title page and
abstract page and must be double-spaced (be careful not to triple-
or quadruple-space between paragraphs). The type face should be
12-pt. Times Roman or 12-pt. Courier in regular black type. Do not
use color, bold type, or italics except as required for APA level
headings and references. The deliverable length of the body of your
paper for this assignment is 4-5 pages. In-body academic citations
to support your decisions and analysis are required. A variety of
academic sources is encouraged. REFERENCE PAGE. References that
align with your in-body academic sources are listed on the final
page of your paper. The references must be in APA format using
appropriate spacing, hang indention, italics, and upper and lower
case usage as appropriate for the type of resource used. Remember,
the Reference Page is not a bibliography but a further listing of
the abbreviated in-body citations used in the paper. Every
referenced item must have a corresponding in-body citation.

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