The Coronavirus (COVID19) pandemic defined as global health crisis that consider being a great challenge since World

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The Coronavirus (COVID19) pandemic defined as global health crisis that consider being a great challenge since World War Two. In December 2019, the COVID19 phenomena appeared in a seafood market, Wuhan – China, while registered as a new disease officially on 7th of January 2020 (WHO, 2020)1 . Countries all over the world are battling with the spread of COVID19 through enormous amount of testing kits, mandate/by-choice quarantine of citizen and cancelling large events all over the world (WHO, 2020). Constantly, the battle against the COVID19 stressing all the resources of the countries. In other words, its pandemic goes beyond more than a global health crisis, it influence the social, educational, economic and political dimensions in the world, and creates related crisis in the future that require years to recover (UN, 2020)2 . Many of our great cities and communities are deserted as people stay indoors either by choice or government order, social life changed dramatically, shops theatres and restaurants closed during the pandemic. Assume you are a managerial accountant in a small and medium-sized perfume production company in Doha, which was established five years ago. In the current economic situation, the company is facing some financial challenges. The company's CEO held a meeting with you to discuss ways out of that crisis so that the company could survive and even compete under the current circumstances. Based on the foregoing, each student is required to submit a coordinated and detailed report to address the following points, demonstrating their presentation and communication skills: 1. Discuss the various activities that the managerial accountant may be assigned to in the company in order to help the CEO make rational decisions under the current circumstances. (1.5 marks) 2. One of the company's perfumers has created a new fragrance and the company is studying the production and marketing of this innovation on a large scale. The company will rent a factory for 12,000 riyals per month for production purposes. This manufacturer has already taken an advanced course in perfume composition to help him create fragrances. The course cost was 15,000 riyals. The company will pay a bill for renting and insuring the production equipment at a monthly cost of 8,000 riyals. The company has estimated the following costs: direct materials per unit will be 25 riyals and direct labor will be 20 riyals per unit. Time to be spent promoting the perfume will cost 12,200 riyals per month. In addition, 20,000 riyals of the salary of the existing sales manager will be allocated to the fragrance. You are required to classify the costs related to producing this fragrance by completing the table below by placing an "X" in a box that matches a cost item to the appropriate cost classifications. A cost item may be classified under more than one classification and in that , you may place more than one "X" for those cost items. Similar, cost classifications may include more than one cost item, in which case those cost classifications may have more than one “X”. For example, cost may be a sunk cost and at the same time a manufacturing overhead cost, and so there will be an "X" placed under each of these classification against the cost. Direct production cost Production overhead costs Sales and administrative cost Variable cost Fixed cost Sunk cost Differential cost Factory rent The cost of the course in perfume composition Rent and insurance of equipment Material cost Labor cost Sales manager salary Promotion cost (Four marks) 3. Explain the reasons behind your classifications in requirement 2. Justify your answers. (1.5 marks) 4. The Company is expected to produce 12,000 bottles of the perfume. In accordance to the information provided on requirement 2, you are required to calculate the following values with the equations clearly written in the report: 4.1 What is the value of the total conversion cost? Show your work 4.2 What is the value of the total cost of production? Show your work 4.3 What is the value of the total period costs? Show your work PLEASE I NEED IT FOR TODAY AFTERNOON MY ASSIGNEMENT IS DUE TODAY ATERNOON PLEASE