Jorgansen Lighting, Inc., manufactures heavy-duty street
lighting systems for municipalities. The company uses variable
costing for internal management reports and absorption costing for
external reports to shareholders, creditors, and the government.
The company has provided the following data:
Year 1 year 2 year 3
Inventories:
Beginning (units) 210 160 180
Ending (units) 160 180 230
Variable costing net
operating income $290,000, $279,000 $250,000
The company's fixed manufacturing overhead per unit was constant at
$560 for all three years.
Requirement 1:
Determine each year’s absorption costing net operating income.
Present your answer in the form of a reconciliation report for year
1, 2 and 3.
Year 1 Year 2 Year 3
Beginning inventories
Ending inventories
Change in inventories
Fixed manufacturing overhead in beginning inventories
Fixed manufacturing overhead in ending inventories
Fixed manufacturing overhead deferred in (released from)
inventorie
Variable costing net operating income
Add (deduct) fixed manufacturing overhead cost deferred in
(released from) inventory under absorption costing
Absorption costing net operating income
Requirement 2:
In Year 4, the company's variable costing net operating income was
$260,000 and its absorption costing net operating income was
$290,000.
(a) Did inventories increase or decrease during Year 4?
(b) How much fixed manufacturing overhead cost was deferred or
released from inventory during Year 4?
Deferred or released ???
Ffixed manufacturing overhead cost $
In: Accounting
A component is purchased from 3 suppliers, A, B, and C, where the suppliers have
respective defective rates of 2%, 6%, and 4%. Of all the components purchased, 20%
comes from supplier A, 50% from supplier B, and 30% from supplier C, that is, each
shipment comes from each of these suppliers with these probabilities. The company uses
the following quality control policy. A sample of 15 units is randomly selected from each
shipment of components. If at most 2 defective units are found in the sample, then the
entire shipment is accepted; otherwise, the entire shipment is rejected.
Determine the following:
(a-1) probability that a shipment will be accepted given that it came from Supplier A.
(a-2) probability that a shipment will be accepted given that it came from Supplier B.
(a-3) probability that a shipment will be accepted given that it came from Supplier C.
(a-4) Using the law of total probability and your responses to parts (a-1)-(a-3) above,
determine the probability that a shipment will be accepted.
(b-1) expected number of defectives in a random sample of 15 units, if the shipment came
from Supplier A.
(b-2) expected number of defectives in a random sample of 15 units, if the shipment came
from Supplier B.
(b-3) expected number of defectives in a random sample of 15 units, if the shipment came
from Supplier C.
(b-4) Using the law of total expectation and your responses to parts (b-1)-(b-3) above,
determine the expected number of defectives in a random sample of 15 units.
In: Math
Determine the pH of each of the following two-component solutions.
1)4.5×10−2 M KOH and 2.5×10−2 M Ba(OH)2
2)0.265 M NH4NO3 and 0.102 M HCN
3)7.5×10−2 M RbOH and 0.120 M NaCl
4)9.2×10−2 M HClO4 and 2.2×10−2 M KOH
5)0.115 M NaClO and 5.50×10−2 M KI
In: Chemistry
Determine the pH of each of the following two-component solutions.
1)4.5×10−2 M KOH and 2.5×10−2 M Ba(OH)2
2)0.265 M NH4NO3 and 0.102 M HCN
3)7.5×10−2 M RbOH and 0.120 M NaCl
4)9.2×10−2 M HClO4 and 2.2×10−2 M KOH
5)0.115 M NaClO and 5.50×10−2 M KI
In: Chemistry
Please use this description to calculate the values requested below (correct to 3 decimal places)...
The athletic departments at 10 randomly selected U.S. universities were asked by the Equal Employment Opportunity Commission to state what percentage of their nursing scholarships were presently held by women. The responses were 5, 4, 2, 1, 1, 2, 10, 2, 3, 5.
CV (hint: write this as a percentage without the % symbol, not a proportion)
p-value for the Anderson-Darling normality test
Upper outer fence of the boxplot
In: Statistics and Probability
Fifty randomly selected students were asked the number of speeding tickets they have had. The results are as follows:
| Tickets | Frequency |
|---|---|
| 0 | 8 |
| 1 | 15 |
| 2 | 21 |
| 3 | 3 |
| 4 | 2 |
| 5 | 0 |
| 6 | 1 |
Round your answers to two decimal places.
The mean is:
The median is:
The sample standard deviation is:
The first quartile is:
The third quartile is:
What percent of the respondents have had at most 2 speeding tickets?
6% of all respondents have had at least how many speeding tickets?
In: Statistics and Probability
Please answer the following questions:
1- Summarize the Household Survey Data section of the news release (page #1-#2).
2- Summarize the Establishment Survey Data section of the new release (page #2-#3).
3- Is the downward trend in unemployment due to higher employment or higher amount of discouraged workers?
4- How do you think the new unemployment numbers may affect the national inflation rate?
Use the following link as the source:
DATA AVAILABLE IN THE FOLLOWING LINK
https://www.bls.gov/news.release/pdf/empsit.pdf
In: Economics
Consider the following Market Demand and Supply Curves.
Qd = 30-P
Qs = P
a.If the world price is 5,
1.how much will be imported?
2.What is the change in Consumer Surplus?
3.What is the change in Producer Surplus?
b. If a tariff of $2 is imposed
1.how much will be imported?
2.What is the change in Consumer Surplus as a result of tariff?
3.What is the change in Producer Surplus as a result of tariff?
4.What is the government revenue?
5.What is the dead weight loss?
In: Economics
On average, a firm collects checks totaling $250,000 per day. It takes the firm approximately 4 days from the day the checks were mailed until they result in usable cash for the firm. Assume that (1) a lockbox system could be employed which would reduce the cash conversion procedure to 2 1/2 days and (2) the firm could invest any additional cash generated at 6% after taxes. The lockbox system would be a good buy if it costs $25,000 annually.
a. True
b. False
In: Finance
Write a java program that will first display the following menu: Choose one of the following 1- To add 2 double integers 2- To add 2 integer numbers 3- To add 3 double numbers 4- To add 3 integer numbers After reading user’s choice, use a switch case statement to call the corresponding method Void add 1 (double n1, double n2) Void add2() Double add3 (double n1, double n2, double n3) Double add4 ()
In: Computer Science