Question

In: Accounting

Part 1 &n

Part 1

Technology Inc. predicted 2017 variable and fixed costs are as follows:

Variable costs Fixed costs

Manufacturing 480,000 315900

Selling and Administrative 216,000 60500

Total 696,000 376,400

Technology Inc. produces a wide variety of computer interface devices. Per unit

manufacturing cost information about one of these products, a high-capacity flash drive is as follows:

Direct material $10

Direct labor 9

Variable Manufacturing Overhead 7

Fixed Manufacturing Overhead 9

Total manufacturing costs $35

The following is the variable selling and administrative costs for the flash drive: $6

Management has set a 2017 target profit on the flash drive of: $250,000

Required:

1. Determine the markup percentage on variable costs required to earn the desired profit

2. Use the variable cost markup to determine a suggested selling price for a flash drive. You are determining selling price per unit)

3. For the flash drive, break the markup on variable costs into separate parts for fixed costs and profit.

4. Explain what the minimum unit selling price a company would use in special order decision, if the company had excess capacity.

5. In the long run, what would be the lowest unit selling price the company would sell for? Explain your answer.

Expert Solution

ekkarill92 answered 1 year ago

Use Java for the following; Part 1 n!= n * (n –1)* (n–2)* ...* 3 *...

Use Java for the following; Part 1 n!= n * (n –1)* (n–2)* ...* 3 * 2 * 1 For example, 5! = 5 * 4 * 3 * 2 * 1 = 120 Write a function called factorial that takes as input an integer. Your function should verify that the input is positive (i.e. it is greater than 0). Then, it should compute the value of the factorial using a for loop and return the value. In main, display...

1. A load of 25,000 N is applied on a part of radius 15 mm, what...

1. A load of 25,000 N is applied on a part of radius 15 mm, what is the shear stress,?? Hint, shear stress = load/cross sectional area. (up to 10 points) 2. If the maximum shear stress,?, is 250MPa and the applied load is 40,000 N what must the area be to ensure it is a safe design? Hint, load/shear stress = area. (up to 10 points) 3. A rivet of radius 5 mm has a shear stress maximum of...

In python, Part 1: Estimate the value of e. e is defined as as n goes to...

In python, Part 1: Estimate the value of e. e is defined as as n goes to infinity. So the larger the value of n, the closer you should get to e. math.e is defined as 2.718281828459045 You'll write a program that uses a while loop to estimate e to within some defined error range, while having a limit on how many iterations it will attempt. Part 2: Palindrome detection A palindrome is a string that is the same forwards and...

Which codes add 1 to integer n? 1) n=n+1; 2) n++; 3)++n; 4) n+=1; 5) n=--n+2

Part 1: Encrypt the message CINEMA using RSA with n = 17 * 11 and e...

Part 1: Encrypt the message CINEMA using RSA with n = 17 * 11 and e = 13, use A =10...Z = 35, work in blocks of one letter each. Part 2: Decrypt the message 088-164-051-164-021-074 using the same parameters from part 1.

1. prove s(n, k) = s(n − 1, k − 1) − (n − 1)s(n −...

1. prove s(n, k) = s(n − 1, k − 1) − (n − 1)s(n − 1, k). 2. What is ∑n k=0 s(n, k)?

3. The Hofstadter Conway sequence is defined by a(1)=a(2)=1 and (for n>2 by) a(n)=a(a(n-1))+a(n-a(n-1)). Write a...

3. The Hofstadter Conway sequence is defined by a(1)=a(2)=1 and (for n>2 by) a(n)=a(a(n-1))+a(n-a(n-1)). Write a function to quickly compute this sequence. >>> [hc(i) for i in range(1,20)] [1, 1, 2, 2, 3, 4, 4, 4, 5, 6, 7, 7, 8, 8, 8, 8, 9, 10, 11]

Calculate PART A PART B PART C: PART A: If n=14, ¯xx¯(x-bar)=50, and s=9, construct a...

Calculate PART A PART B PART C: PART A: If n=14, ¯xx¯(x-bar)=50, and s=9, construct a confidence interval at a 99% confidence level. Assume the data came from a normally distributed population. Give your answers to one decimal place. < μμ < PART B: In a survey, 23 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $30 and standard deviation of $10. Find the margin of...

(1) Show that the set { 1 m + 1 n : m, n ∈ N}...

(1) Show that the set { 1 m + 1 n : m, n ∈ N} is countable. (2) Show that the set {a + b √ 2 : a, b ∈ Q} is countable. (3) Show that the intersection of two countable sets is countable. (4) Show that the set of all irrational numbers is uncountable. (5) Let C = {0, 1, 2, . . . , 9}. Show that the set C ×C × · · · is...

Part 1: You obtain an organic compound that contains C, H, N, and O and determine...

Part 1: You obtain an organic compound that contains C, H, N, and O and determine the percent composition of each element. You determine that the sample is 34.91% carbon, 6.83% hydrogen, 27.26% nitrogen, and 31.00% oxygen, each by mass. We will make the assumption that the percent listed is the same as the mass in grams, if the total mass is 100 grams. a) Using this assumption, determine the moles of each element. After, add up the moles of...