What would be the system objectives of an early learning(1st – 3rd grade) website? Please list at least 10.
In: Computer Science
A small steel ball bearing with a mass of 11.0 g is on a short compressed spring. When aimed vertically and suddenly released, the spring sends the bearing to a height of 1.35 m. Calculate the horizontal distance the ball would travel if the same spring were aimed 27.0o from the horizontal.
In: Physics
In: Other
In: Chemistry
Looking at the company you now work at, where you previously worked, or where a spouse/friend/relative works, which of the 3 basic strategies is employed to keep profits from eroding?
In: Economics
Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $6.3 million. The equipment will be depreciated straight line over 6 years to a value of zero, but in fact it can be sold after 6 years for $694,000. The firm believes that working capital at each date must be maintained at a level of 10% of next year’s forecast sales. The firm estimates production costs equal to $2.00 per trap and believes that the traps can be sold for $8 each. Sales forecasts are given in the following table. The project will come to an end in 6 years, when the trap becomes technologically obsolete. The firm’s tax bracket is 35%, and the required rate of return on the project is 10%. Use the MACRS depreciation schedule. YEAR 1 DEP : 33.33%, YEAR 2: 44.45% YEAR 3: 14.81% YEAR 4: 7.41% Year: 0 1 2 3 4 5 6 Thereafter Sales (millions of traps) 0 0.4 0.5 0.6 0.6 0.8 0.5 0
a. What is project NPV? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions rounded to 4 decimal places.)
b. By how much would NPV increase if the firm depreciated its investment using the 5-year MACRS schedule? (Do not round intermediate calculations. Enter your answer in whole dollars not in millions.)
In: Finance
Why would a company choose a value-based pricing system in lieu of a cost-plus pricing system and what are the pros and cons to each pricing system.
In: Accounting
Lines
a. Are preferred over lists
b. Are a non-price rationing mechanism
c. Involve opportunity cost
d. Both b and c
e. All of the above
In: Economics
1. A generator has a 150-turn square coil, 5cm on a side.
Part A
Find the peak emf in this coil when it's rotating at 110Hz in Earth's field, B=5
In: Physics
Calculate the pH during the titration of 40.00 ml of 0.1000 M
KOH with 0.1000 M HBr solution after the following additions of
acid.
A) 29.00 ml
B) 39.00 ml
C) 48.00 ml
In: Chemistry
Explain and illustrate the following statement: “ A deficit on the balance on current account will impose severe constraints upon domestic economic policies”
In: Economics
Topic: Database Design - Entity Relationship Modeling (Please answer the below question in 250 words or more). Thank you!
If you have an entity with 100 different attributes, what would be some strategies to model this entity? Why/Why not would you want to use a single entity? What are some questions you would want to know about the individual attributes?
In: Computer Science
Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains 12 quarts of synthetic oil. To achieve this level of production, Slick purchased and used 16,500 gallons of direct materials at a cost of $20,924. It also incurred average direct labor costs of $14 per hour for the 4,239 hours worked in May by its production personnel. Manufacturing overhead for the month totaled $9,956, of which $2,200 was considered fixed. Slick's standard cost information for each case of synthetic motor oil is as follows.
| Direct materials standard price | $ | 1.30 | per gallon |
| Standard quantity allowed per case | 3.25 | gallons | |
| Direct labor standard rate | $ | 16 | per hour |
| Standard hours allowed per case | 0.75 | direct labor hours | |
| Fixed overhead budgeted | $ | 2,600 | per month |
| Normal level of production | 5,200 | cases per month | |
| Variable overhead application rate | $ | 1.50 | per case |
| Fixed overhead application rate ($2,600 ÷ 5,200 cases) | 0.50 | per case | |
| Total overhead application rate | $ | 2.00 | per case |
Required:
c. Compute the manufacturing overhead spending and volume variances.
d. Prepare the journal entries to:
1. Charge materials (at standard) to Work in Process.
2. Charge direct labor (at standard) to Work in Process.
3. Charge manufacturing overhead (at standard) to Work in Process.
4. Transfer the cost of the 5,000 cases of synthetic motor oil produced in May to Finished Goods.
5. Close any over- or underapplied overhead to cost of goods sold.
In: Accounting
Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows:
| DIRECT MATERIALS | ||||
| Cost Behavior | Units per Case | Cost per Unit | Cost per Case | |
| Cream base | Variable | 100 ozs. | $0.02 | $2.00 |
| Natural oils | Variable | 30 ozs. | 0.30 | 9.00 |
| Bottle (8-oz.) | Variable | 12 bottles | 0.50 | 6.00 |
| $17.00 | ||||
| DIRECT LABOR | ||||
| Department | Cost Behavior | Time per Case | Labor Rate per Hour | Cost per Case |
| Mixing | Variable | 20 min. | $18.00 | $6.00 |
| Filling | Variable | 5 | 14.40 | 1.20 |
| 25 min. | $7.20 | |||
| FACTORY OVERHEAD | ||
| Cost Behavior | Total Cost | |
| Utilities | Mixed | $600 |
| Facility lease | Fixed | 14,000 |
| Equipment depreciation | Fixed | 4,300 |
| Supplies | Fixed | 660 |
| $19,560 | ||
Part A—Break-Even Analysis
The management of Genuine Spice Inc. wishes to determine the number of cases required to break even per month. The utilities cost, which is part of factory overhead, is a mixed cost. The following information was gathered from the first six months of operation regarding this cost:
|
Month |
Case Production |
Utility Total Cost |
| January | 500 | $600 |
| February | 800 | 660 |
| March | 1,200 | 740 |
| April | 1,100 | 720 |
| May | 950 | 690 |
| June | 1,025 | 705 |
| Required-Part A: | |
| 1. | Determine the fixed and variable portions of the utility cost using the high-low method. Round your per unit cost to two decimal places. |
| 2. | Determine the contribution margin per case. Round your answer to two decimal places. |
| 3. | Determine the fixed costs per month, including the utility fixed cost from part (1). Refer to the lists of Amount Descriptions for the exact wording of the answer choices for text entries. |
| 4. | Determine the break-even number of cases per month. |
Part B—August Budgets
During July of the current year, the management of Genuine Spice Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 1,500 cases at $100 per case for August. Inventory planning information is provided as follows:
Finished Goods Inventory:
|
Cases |
Cost |
|
| Estimated finished goods inventory, August 1 | 300 | $12,000 |
| Desired finished goods inventory, August 31 | 175 | 7,000 |
Materials Inventory:
|
Cream Base |
Oils |
Bottles |
|
|
(ozs.) |
(ozs.) |
(bottles) |
|
| Estimated materials inventory, August 1 | 250 | 290 | 600 |
| Desired materials inventory, August 31 | 1,000 | 360 | 240 |
There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data from January.
| Required-Part B: | |||
| 5. | Prepare the August production budget.* | ||
| 6. | Prepare the August direct materials purchases budget.* | ||
| 7. | Prepare the August direct labor budget. Round the hours required for production to the nearest hour. | ||
| 8. | Prepare the August factory overhead budget. If an amount box does not require an entry, leave it blank. (Entries of zero (0) will be cleared automatically by CNOW.) | ||
| 9. | Prepare the August budgeted income statement, including selling
expenses.*
|
Part C—August Variance Analysis
During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,500 actual cases produced during August, which was 250 more cases than planned at the beginning of the month. Actual data for August were as follows:
|
Actual Direct Materials |
||
|
Price per Unit |
Quantity per Case |
|
| Cream base | $0.016 per oz. | 102 ozs. |
| Natural oils | $0.32 per oz. | 31 ozs. |
| Bottle (8-oz.) | $0.42 per bottle | 12.5 bottles |
|
Actual Direct |
Actual Direct Labor |
|
|
Labor Rate |
Time per Case |
|
| Mixing | $18.20 | 19.50 min. |
| Filling | 14.00 | 5.60 min. |
| Actual variable overhead | $305.00 |
| Normal volume | 1,600 cases |
The prices of the materials were different than standard due to fluctuations in market prices. The standard quantity of materials used per case was an ideal standard. The Mixing Department used a higher grade labor classification during the month, thus causing the actual labor rate to exceed standard. The Filling Department used a lower grade labor classification during the month, thus causing the actual labor rate to be less than standard.
1. Determine the fixed and variable portions of the utility cost using the high-low method. Round your per unit cost to two decimal places.
|
At the High Point |
At the Low Point |
|
| Variable cost per unit | ||
| Total fixed cost | ||
| Total cost |
2. Determine the contribution margin per case. Round your answer to two decimal places. per case
3. Determine the fixed costs per month, including the utility fixed cost from part (1). Refer to the lists of Amount Descriptions for the exact wording of the answer choices for text entries.
|
1 |
Total fixed costs: |
|
|
2 |
||
|
3 |
||
|
4 |
||
|
5 |
||
|
6 |
4. Determine the break-even number of cases per month. cases
5. Prepare the August production budget. For those boxes in which you must enter subtractive or negative numbers use a minus sign.
| Genuine Spice Inc. | |
| Production Budget | |
| For the Month Ended August 31 | |
| Cases | |
| Total units available | |
In: Accounting
electrons are ejected from a metallic surface with speeds ranging from 4.5 times ten to the -5 when light with a wavelength of 600 nm is used a) what is the work function of the surface? B) what is the cutoff frequency for the surface?
In: Physics