take the role of mentor to a new project manager within your organization. This assignment focuses...

take the role of mentor to a new project manager within your organization. This assignment focuses on guidance the mentor provides the new project manager regarding cost.

Cost serves several purposes for an organization: (1) planning and budgeting, (2) assisting in decision making, (3) comparing actual to budget (control), and (4) calculating income generated from operations and projects (score-keeping). Select one these areas and prepare a short document outlining the following items:

  • Identify one of the cost purposes listed above.
  • Select two of the five cost classifications described in the text: financial statement presentation (cost function): cost behavior, assigning costs to products and services, costs for decision making, and cost of quality (see page 75).
  • Describe how knowledge of cost, as described within its classification, is needed to effectively manage costs and improve the success of a project for the stated purpose.

In: Accounting

cA Christmas tree provider sells trees on Dec. 20th. They sell trees for 5 full days,...

cA Christmas tree provider sells trees on Dec. 20th. They sell trees for 5 full days, closing the lot at the end of the day on December 24th. Based on past sales data, they decided to cut down 220 trees for this year's selling season. Each cut tree has a 70% chance of being a healthy tree that a customer would purchase and a 30% chance of being an unhealthy tree that nobody wants to purchase. On each of the 5 selling days, the number of customers who show up prepared to purchase a tree is normally distributed with an average of 30 and a standard deviation of 5.

a) On average, How many healthy trees do they have?

b) What is the likelihood they end up with 168 or more healthy trees?

c) What is the likelihood that 168 customers or more visit to purchase a tree?

d) What is the likelihood that more customers visit over the 5 days than they can provide healthy trees for? (stockout)

e) How many trees do they need to cut down to ensure stocking out is less than or equal to 10%?

f) Suppose it costs $25 for each tree they cut down and healthy trees are sold for $100. Is it better to stick with the 220 tree strategy or change it to what you found in part e?

In: Math

A 0.8027 g sample of impure al2(CO3)3 decomposed with HCL: the liberated CO2 was collected on...


A 0.8027 g sample of impure al2(CO3)3 decomposed with HCL: the liberated CO2 was collected on calcium oxide and found to weight 0.0507g calculate the percentage of aluminum in the sample

In: Chemistry

Question 2: Write a Java console application that will allow a user to add contacts to...

Question 2:

Write a Java console application that will allow a user to add contacts to a contact list and view their current contact list sorted alphabetically. Your program should prompt the user to select an action (add or view). If the user chooses to add a contact, the contact information should be entered using the following format: Firstname Lastname, PhoneNumber If the user chooses to view their contact list, your program should display each contact on a separate line using the following format: Firstname Lastname: PhoneNumber Assume that both contact names and phone numbers will be unique (no two contacts can have the same name or phone number. A contact can only have one phone number, and a phone number can only belong to one contact). Create the appropriate objects based on the application description. Select the most suitable data structure(s) for this application.

In: Computer Science

A solution of 0.172 M NaOH is used to neutralize 27.0 mL of a H2SO4 solution....

A solution of 0.172 M NaOH is used to neutralize 27.0 mL of a H2SO4 solution.

Part A

If 30.6 mL of the NaOH solution is required to reach the endpoint, what is the molarity of the H2SO4 solution?

H2SO4(aq)+2NaOH(aq)→2H2O(l)+Na2SO4(aq)

Express your answer with the appropriate units.

molarity = ???

Enter your answer using dimensions of chemical concentration

In: Chemistry

You have 875 mL of an 0.39 M acetic acid solution. What volume (V) of 1.70...

You have 875 mL of an 0.39 M acetic acid solution. What volume (V) of 1.70 M NaOH solution must you add in order to prepare an acetate buffer of pH = 4.36? (The pKa of acetic acid is 4.76.)

In: Chemistry

(Global Positioning System) and GIS (Geographic Information Systems) both utilize location- based services. What are location-...

(Global Positioning System) and GIS (Geographic Information Systems) both utilize location- based services. What are location- based services and what are some of the exciting new applications of LBS in your opinion? Give an example of how you personally have used related services.

In: Computer Science

InPython, Create a list of strings, don’t ask from the user, and return a list with...

InPython,

Create a list of strings, don’t ask from the user, and return a list with the strings in sorted order, except group all the strings that begin with 'x' first.

e.g. ['mix', 'xyz', 'apple', 'xanadu', 'aardvark'] yields

['xanadu', 'xyz', 'aardvark', 'apple', 'mix']

# Hint: this can be done by making 2 lists and sorting each of them before combining them.

In: Computer Science

(a) How many grams of CaCl2 are needed to make 250.9 g of a solution that...

(a) How many grams of CaCl2 are needed to make 250.9 g of a solution that is 30.5% (m/m) calcium chloride in water? Note that mass is not technically the same thing as weight, but (m/m) has the same meaning as (w/w).

-How many grams of water are needed to make this solution?

(b) What is the volume percent % (v/v) of an alcohol solution made by dissolving 117 mL of isopropyl alcohol in 747 mL of water? (Assume that volumes are additive.)

(c) The mass of solute per 100 mL of solution is abbreviated as % (m/v). (The abbreviation % (w/v) is also common.) How many grams of sucrose are needed to make 735 mL of a 34.0% (w/v) sucrose solution?

In: Chemistry

The total factory overhead for Diva-nation is budgeted for the year at $169,465, divided into four...

The total factory overhead for Diva-nation is budgeted for the year at $169,465, divided into four activities: cutting, $18,130; sewing, $34,121; setup, $87,055; and inspection, $30,159. Diva-nation manufactures two types of men’s pants: jeans and khakis. The activity-base usage quantities for each product by each activity are as follows:

Cutting Sewing Setup Inspection
Jeans 785 dlh 1,215 dlh 1,240 setups 3,020 inspections
Khakis 1,175 810 1,030 1,965
1,960 dlh 2,025 dlh 2,270 setups 4,985 inspections

Each product is budgeted for 20,000 units of production for the year.

Required:
Complete the Activity Tables for jeans and khakis.
A. Determine the activity rates for each activity. Enter these rates in the Activity Rate columns.*
B. Use the activity rates in (A) to determine the activity-based factory overhead per unit for each product.*
* When required, round all per-unit and activity rate answers to the nearest cent.

In: Accounting

In the television show “The Six Million Dollar Man”, Colonel Austin had superhuman powers. In one...

In the television show “The Six Million Dollar Man”, Colonel Austin had superhuman powers. In one episode, he tries to catch a man fleeing in a sports car. We’ll assume in this problem that the distance between them at t=0 is 100 m. The car starts at rest. At t = 0.0 s, the driver notices Colonel Austin. From then on, the car accelerates at 5.0 m s -2 , away from Austin. Sweet, but a bit slow on the uptake, Colonel Austin remains motionless until t = 2.0 s, at which point he begins his pursuit, at a constant speed of 50 m/s. a) How far ahead is the car when Colonel Austin begins to move? b) At what time (t>0) is Austin furthest ahead of the car? And what is that separation? c) At what time(s) does Austin catch the car? d) What is the critical initial separation (all other parameters remaining the same) beyond which Colonel Austin will never catch the car?

In: Physics

Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat...

Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,065 hours each month to produce 2,130 sets of covers. The standard costs associated with this level of production are:

Total Per Set
of Covers
Direct materials $ 35,358 $ 16.60
Direct labor $ 8,520 4.00
Variable manufacturing overhead (based on direct labor-hours) $ 3,195 1.50
$ 22.10

During August, the factory worked only 1,050 direct labor-hours and produced 2,700 sets of covers. The following actual costs were recorded during the month:

Total Per Set
of Covers
Direct materials (6,000 yards) $ 43,740 $ 16.20
Direct labor $ 11,340 4.20
Variable manufacturing overhead $ 5,670 2.10
$ 22.50

At standard, each set of covers should require 2.0 yards of material. All of the materials purchased during the month were used in production.

Required:

1. Compute the materials price and quantity variances for August.

2. Compute the labor rate and efficiency variances for August.

3. Compute the variable overhead rate and efficiency variances for August.

(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

QUESTIONS TO ANSWER:

1. Materials Price Variance

Materials Quantity Variance

2. Labor Rate Variance

Labor Efficiency Variance

3. Variable Overhead Rate Variance

Variable Overhead Efficiency Variance

In: Accounting

Today’s price of Delta is $150 per share. You are neither bullish nor bearish about Delta,...

Today’s price of Delta is $150 per share. You are neither bullish nor bearish about Delta, but you believe that the share price will not move by a lot in the near future. To implement your view, you decide to sell a straddle with one month until maturity. An option dealer provides you quotes on one-month Delta options. For a call option with a strike of $150, the dealer quotes you a price of $4.32. For a put option with a strike of $150, the dealer quotes you a price of $4.32. The c.c. risk-free rate is zero. What is the profit to the short straddle if Delta trades at $200 per share in one month?

There are 2 breakevens, what is the high and what is the low? (There should be two answers, one for high and one for low)

In: Finance

Consider the following reaction. 2NO2(g)⇌N2O4(g) When the system is at equilibrium, it contains NO2 at a...

Consider the following reaction. 2NO2(g)⇌N2O4(g) When the system is at equilibrium, it contains NO2 at a pressure of 0.722 atm, and N2O4 at a pressure of 0.0521 atm. The volume of the container is then reduced to half its original volume. What is the pressure of each gas after equilibrium is reestablished?

PNO2= ?? atm

PN2O4= ?? atm

In: Chemistry

Part C Go to the Phase Changes tab. Select the particular molecule, and set the temperature...

Part C

Go to the Phase Changes tab. Select the particular molecule, and set the temperature to the given values by using the stove to increase or decrease the temperature. Increase the pressure of the cylinder by moving the lid of the cylinder down with the help of the finger. The pressure of the cylinder is indicated by the pressure gauge on the top left corner of the simulation. On the right-hand side of the simulation is the phase diagram for the molecule.

As the molecules collide on the walls of the cylinder, the pressure of the cylinder does not remain constant; it fluctuates slightly as indicated by the gauge.

In the phase diagram, observe the red point. When a particular molecule is selected, set the temperature and pressure condition to the required value. Observe the position of the red point on the phase diagram when the pressure reaches approximately near the required value.

Which of the following conditions will result in the formation of a supercritical fluid?

Check all that apply.

1. Oxygen at 100 K and no pressure
2. Argon at 160 K and approximately 6 atm pressure
3. Water at 294 K and approximately 1 atm pressure
4. Neon at 32 K and approximately 1 atm pressure
5. Neon at 50 K and approximately 10 atm pressure
6. Water at 894 K and approximately 20 atm pressure
7. Argon at 100 K and no pressure
8. Oxygen at 194 K and approximately 2 atm pressure

In: Chemistry