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The company’s CEO just returned from a seminar on management accounting and some new tools that can be used to assist in management of the business. One of the new tools she learned about is referred to as contribution format income statements. It is time for the accounting department to prepare the month-end income statement. In the past, the standard format income statement, as shown below, has been used. But for the first time, the CEO has asked that the contribution format be used instead. While most of the different expense categories are easy to analyze, the utility expense seems to display characteristics of both variable costs and fixed costs. To help prepare this income statement format, the accounting department collected data from the past 12 months. This data included actual utility costs as compared to each month’s business volume. Some of it is shown below. History of Utility Expenses Utility Costs Comment January $10,000 closed the entire month for repairs February $11,000 produced 5,000 widgets March $10,600 produced 3,000 widgets April $11,600 produced 8,000 widgets Submit 1 Excel file including the following information: • Even when the plant was shut down for a month, what was the utility expense that month? • In February, what was the amount of utilities that was fixed, and what portion was variable? • Based on the rest of the data, what is the variable portion of utility costs per unit in February? • If June’s expected units produced are 9,000, what would the expected utility costs be? Show your calculations. o Prepare a contribution format income statement: o use this month’s standard formatted income statement below o use the History of Utility Expenses provided o show as many calculations as possible

2012 July 1 Issued $ 42,000,000 of 10 yr, 13% callable bonds dated July 1, 12 at a market (effective) rate of 10%, receiving cash of $49,851,213. Interest is payable semiannually on December 31 and June 30. Oct 1 Borrowed $510,000 as a six yr 9% installment from Challenger Bank The note requires annual payments of $113,689, with the first payment occurring on Sept 30,13. Dec31 Accrued $11,475 of interest on the installment note. The interest is payable on the date of the next installment note payment. Dec31 Paid semiannual interest on the bond. The bonds premium is amortized annually in separate journal entry. 31. Recorded bond premium amortization of $ 392,561, which was determined using straight line method. 31 Closed the interest expense account. Journalize the entries.

Incident Command System Follow the news for a minimum of one week and make note of all emergency incidents to get an idea of the number and diversity of incidents occurring in communities everywhere. Please follow local, national, and international emergency incidents. Choose two of the emergency incidents and explain in detail how ICS was used. Use the terms and proper titles from our course. Describe what ICS should have been in place, and why. Did they follow the ICS system? (You may need to be creative and infer much of this information.) Where there any mistakes made? What do you think they could have done differently or better?