Hi-Tek Manufacturing, Inc., makes two types of industrial component parts—the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc .
| Income Statement Sales | $ 1,659,600 |
| Cost of goods sold | $1,230,949 |
| Gross margin | 428,651 |
| Selling and administrative expenses | 570,000 |
| Net operating loss | $ (141,349 ) |
Hi-Tek produced and sold 60,400 units of B300 at a price of $19 per unit and 12,800 units of T500 at a price of $40 per unit. The company’s traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company’s two product lines is shown below:
| B300 | T500 | Total | |
| Direct Materials | $ 400,700.00 | $ 162,500.00 | $ 563,200.00 |
| Direct Labor | $ 120,100.00 | $ 42,500.00 | $ 162,600.00 |
| Manufacturing Overhead | $ 505,149.00 | ||
| Cost of goods sold | $ 1,230,949.00 |
The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek’s ABC implementation team concluded that $51,000 and $105,000 of the company’s advertising expenses could be directly traced to B300 and T500, respectively. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company’s manufacturing overhead to four activities as shown below:
| Activity | ||||
| Activity Cost Pool (and Activity Measure) | Manufacturing Overhead | B300 | T500 | Total |
| Machining (machine-hours) | $ 212,809 | $ 90,900.00 | $ 62,200.00 | $ 153,100.00 |
| Setups (setup hours) | $ 130,240 | 76 | 220 | 296 |
| Product-sustaining (number of products) | $ 101,200 | 1 | 1 | 2 |
| Other (organization-sustaining costs) | $ 60,900 | NA | NA | NA |
| Total manufacturing overhead cost | $ 505,149 | |||
Required:
1. Compute the product margins for the B300 and T500 under the company’s traditional costing system.
2. Compute the product margins for B300 and T500 under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
A 1.8-cm-tall
object is 28cm to
the left of a lens with a focal length of 14cm
. A second lens with a focal length of -6cm is
39cm to
the right of the first lens.
Part A:
Calculate the distance between the image and the second lens.
Part B:
Calculate the image height.
Please show how you obtained the answers!
In: Physics
7.15 Translate the following string method invocations to functions calls in namespace str:
(Python)
(a) ' error'. upper( )
(b) ' 2, 3, 4, 5'. split(',' )
(c) ' mississippi'.count('i' )
(d) ' bell'.replace('e' , 'a' )
(e) ' '. format(1, 2, 3)
In: Computer Science
If everyone living on Earth moved to the equator, the length of day would change. Calculate the change in the day length. (professor gave the hint to use r=RE*cosΘ)
I know it has to do with conservation of momentum (Li=Lf) and that the day will lengthen by less than a second, but I'm not sure how to estimate the inertia of people living around the world like normal unless I use the moment of inertia for a thin shell (2/3mr2) and I don't know where the equation above is supposed to be used....or what theta he is talking about.
In: Physics
1.) Predicting residual volume, rather than measuring it, likely increases the error in determining body density using hydrostatic weighing.
True or False
2.) An individual's loss of weight in water is directly proportional to the volume and weight of the water displaced by the body.
True or False
3.) Individuals with a higher body density will have more body fat.
True or False
4.) Hydrostatic weighing is considered the "gold standard" method of determining body composition because, when performed correctly, there is little to no error in the measurement of body fat.
True or False
In: Anatomy and Physiology
1-Create a one-dimensional array of 99 double values. Then, use a for loop to add a random number from 0 to 100 to each element in the array. To do that, use the random method of the Math class to get a double value between 0.0 and 1.0 and multiply it by 100
like this
Math.random() * 100
2-Use an enhanced for loop to sum the values in the array. Then,
calculate the average value and print that value on the console
like this
Average: 50.9526671843517
3-Use the sort method of the Arrays class to sort the values in the
array, and print the median value (the 50th value) on the
console
like this
Median:
52.18369291650803
-Print the 9th value of the array on the console and every 9th
value after that.
like this
position: 9 8.927702403161032
position: 18 14.0531287498060076
...
position: 99 22.471670293184822
In: Computer Science
1. Why is it likely that thioester and FeS compounds preceded phosphate compounds as an energy currency?
2. How did Paul Ehrlich’s work with the early aniline dyes lead him to believe that there could be “magic bullet” drugs?
3. What can the pharmaceutical industry and the health care industry do to reduce the emergence of more antibiotic resistance?
In: Anatomy and Physiology
Problem 3 Grapefruit juice is known to effect drug oral bioavailability. Briefly describe the Grapejuice Effect on drug bioavailability
In: Chemistry
1.What account is credited when a company receives donated assets? What is the rationale for this choice?
2. In what situations is interest capitalized?
In: Accounting
URGENT
Given some very common assembly language command, like, for example, the following instruction.
ADD ECX, EAC
Please, describe the main CPU algorithm, or, the major stages of the instruction processing executed by the CPU within the instruction cycle. Assume, no pipelining is available.
In: Computer Science
Elaborate on the benefits of internet marketplace based on the four aspects below.
|
For business, reduces – |
|
|
For the customers, reduces – |
|
|
For the business, increase – |
|
|
For the customer, improves – |
|
In: Operations Management
4. Consider the following data drawn independently from normally distributed populations: (You may find it useful to reference the appropriate table: z table or t table)
| x−1 = −1.6 | x−2 = −16.3 |
| s12 = 8.9 | s22 = 7.9 |
| n1 = 23 | n2 = 15 |
a. Construct the 95% confidence interval for the
difference between the population means. Assume the population
variances are unknown but equal. (Round all intermediate
calculations to at least 4 decimal places and final answers to 2
decimal places.)
Confidence interval is to .
b. Specify the competing hypotheses in order to
determine whether or not the population means differ.
H0: μ1 − μ2 = 0; HA: μ1 − μ2 ≠ 0
H0: μ1 − μ2 ≥ 0; HA: μ1 − μ2 < 0
H0: μ1 − μ2 ≤ 0; HA: μ1 − μ2 > 0
c. Using the confidence interval from part a, can you reject the null hypothesis?
Yes, since the confidence interval includes the hypothesized value of 0.
No, since the confidence interval includes the hypothesized value of 0.
Yes, since the confidence interval does not include the hypothesized value of 0.
No, since the confidence interval does not include the hypothesized value of 0.
d. Interpret the results at αα = 0.05.
We conclude that population mean 1 is greater than population mean 2.
We cannot conclude that population mean 1 is greater than population mean 2.
We conclude that the population means differ.
We cannot conclude that the population means differ.
In: Math
Why do lawyers and accountants not typically post prices for their service?
In: Economics
Compute the following subtraction problems using two’s complement (Keep answers in two’s comp. 4-bit binary). (Four Points)
In: Computer Science
An object with total mass mtotal = 6.3 kg is sitting at rest when it explodes into two pieces. The two pieces, after the explosion, have masses of m and 3m. During the explosion, the pieces are given a total energy of E = 44 J.
1)What is the speed of the smaller piece after the collision? (m/s)
2)What is the speed of the larger piece after the collision? (m/s)
3)If the explosion lasted for a time t = 0.028 s, what was the average force on the larger piece? (N)
4)What is the magnitude of the change in momentum of the smaller piece? (kg-m/s)
5)What is the magnitude of the velocity of the center of mass of the pieces after the collision? (m/s)
In: Physics