The PC Works assembles custom computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in a single facility in a Redmond, Washington, industrial park. Listed below are some of the costs that are incurred at the company.
Required:
For each cost, indicate whether it would most likely be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative cost.
1. The cost of a hard drive installed in a computer.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
2. The cost of advertising in the Puget Sound Computer User newspaper.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
3. The wages of employees who assemble computers from components.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
4. Sales commissions paid to the company’s salespeople.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
5. The salary of the assembly shop’s supervisor.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
6. The salary of the company’s accountant.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
7. Depreciation on equipment used to test assembled computers before release to customers.
Direct labor cost
Direct materials cost
Manufacturing overhead cost
Selling cost
Administrative cost
In: Accounting
The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet, they did not have enough knives. She decides she needs to order some more silverware, but wants to take advantage of any quantity discounts her vendor will offer.
>For a small order (2,000 pieces or less) her vendor quotes a price of $1.80/piece.
>If she orders 2,001 to 5,000 pieces, the price drops to $1.60/piece.
>5,001 to 10,000 pieces brings the price to $1.40/piece, and
>10,001 and above reduces the price to $1.25/piece.
Lisa's order costs of $205 per order, her annual holding costs are 5%, and the annual demand is 44,600 pieces. For the best option, (the best option is the price leve that results in an EOQ within the acceptable range).
A) What is the optimum ordering quantity?
B) What is the annual holding cost?
C) What is the annual ordering cost?
D) What are the annual cost of the silverware with an optimal order quantity?
E) What is the total annual cost, including ordering, holding, and purchasing the silverware?
In: Operations Management
Many families in California are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage. Suppose that the mean price for a customized wooden, shingled backyard structure is . Assume that the standard deviation is .
a. What is the -score for a backyard structure costing (to 2 decimals)? If your answer is negative, enter minus (-) sign. b.
What is the -score for a backyard structure costing (to 2 decimals)?
c. Interpret the -scores in parts (a) and (b).
Comment on whether either should be considered an outlier. is standard deviations the mean. is standard deviations the mean.
d. If the cost for a backyard shed-office combination built in Albany, California, is , should this structure be considered an outlier? Explain. is (to 2 decimals) standard deviations the mean. This cost an outlier.
In: Statistics and Probability
Use Excel to answer the following question:
Sundance Detective Agency purchased new surveillance equipment with
the following estimates. Note: The year index is k = 1, 2, 3, ...
to calculate the maintenance costs and extra revenues for the
corresponding years.
| First cost ($) | 1,050 |
| Annual maintenance cost ($ in year k) | 70 + 5k |
| Extra revenue ($ in year k) | 200 + 50k |
| Salvage value ($ at the end of the useful life) | 600 |
(a) Prepare a cash-flow (CF) table, do present worth (PW) analysis
using an appropriate Excel built-in function to calculate the
discounted payback period x with a return of 10% per year.
(b) For a preliminary conclusion, should the equipment be purchased
if the actual useful life is 7 years? Comment.
In: Economics
Heating, Ventilating and Air Conditioning (HVAC) Systems create and maintain the levels of comfort required by guests and employees. HVAC systems must be properly selected, operated and maintained if they are they are to provide an appropriate level of comfort.
How do you think a hotel building stays cool?
In: Operations Management
Discuss four risks that your company is likely to be exposed to if it goes ahead with debt finance as a source of finance and explain with 5 points how this decision will affect the return to the equity holders or shareholders of your company (hotel) following the arguments of M&M proposition 2.
In: Finance
How can TV Networks and Broadway
plays use revenue management?
"Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results"
In: Finance
"Arrival and Registration" Briefly describe a hotel with which you are familiar and make at least one recommendation for improvement regarding its registration procedure. come up with a way to mitigate the frustration customers feel when they need to wait at registration. Please be as creative as you like.
In: Operations Management
Create a Database Schema for a hotel reservation system. indicate the Primary Keys, Foreign Keys, and the one-to-one or one-to-many relationships between the tables. Also describe in a small paragraph the scope of the back-end database, by explaining the different tables and their relations in your schema.
In: Computer Science
Please answer in 250-350 words please.
What is a PMS? What are the key features PMS should have to operate the hotel more effectively and efficiently? What other systems should PMS be seamlessly connected for better communication and management from the operators’ perspectives?
In: Operations Management