Questions
Calculation of Standard Costs Ace Janitorial Supply manufactures a cleaning solvent, Ace Zappo. Purchase of Ammoniol:...

  1. Calculation of Standard Costs

Ace Janitorial Supply manufactures a cleaning solvent, Ace Zappo.

Purchase of Ammoniol: The main ingredient is a raw material called Ammoniol. It is purchased in 10-gallon containers at a cost of $155 per container, terms 2/10 n/30. Ace takes advantage of all cash discounts. Shipping terms are FOB Shipping Point; and charges amount to $264 for the shipment of fifty (50) of the 10-gallon containers of Ammoniol. Hazardous materials handlers are required at the receiving dock when the product arrives. These two employees, at an average labor rate of $24 per hour, require one and one-half (1½) each to unload and store the total of fifty (50) 10-gallon containers of Ammoniol.

Use of Ammoniol: The bill of materials calls for 4.86 quarts of Ammoniol per bottle of Ace Zappo Cleaning Solvent, the finished product. Approximately 10% of all Ammoniol is lost through spillage and evaporation (the 4.86 quarts in the actual content per bottle after evaporation and spillage). In addition, statistics show that every 26th bottle is rejected at final inspection.

Required: (1) Compute the standard price for one quart of Ammoniol.

                  (2) Compute the standard quantity in quarts per saleable bottle of Ace Zappo.

                  (3) Compute the standard cost of Ammoniol per saleable bottle of Ace Zappo.

                  Note: Show your work. Also, for consistency, please round your answers in all parts of the problem, (1) – (3), to two decimal places. Examples are $7.46, for (1) and (3), and 8.42 quarts for part (2).

In: Accounting

Calculation of Standard Costs Ace Janitorial Supply manufactures a cleaning solvent, Ace Zappo. Purchase of Ammoniol:...

  1. Calculation of Standard Costs

Ace Janitorial Supply manufactures a cleaning solvent, Ace Zappo.

Purchase of Ammoniol: The main ingredient is a raw material called Ammoniol. It is purchased in 10-gallon containers at a cost of $155 per container, terms 2/10 n/30. Ace takes advantage of all cash discounts. Shipping terms are FOB Shipping Point; and charges amount to $264 for the shipment of fifty (50) of the 10-gallon containers of Ammoniol. Hazardous materials handlers are required at the receiving dock when the product arrives. These two employees, at an average labor rate of $24 per hour, require one and one-half (1½) each to unload and store the total of fifty (50) 10-gallon containers of Ammoniol.

Use of Ammoniol: The bill of materials calls for 4.86 quarts of Ammoniol per bottle of Ace Zappo Cleaning Solvent, the finished product. Approximately 10% of all Ammoniol is lost through spillage and evaporation (the 4.86 quarts in the actual content per bottle after evaporation and spillage). In addition, statistics show that every 26th bottle is rejected at final inspection.

Required: (1) Compute the standard price for one quart of Ammoniol.

                  (2) Compute the standard quantity in quarts per saleable bottle of Ace Zappo.

                  (3) Compute the standard cost of Ammoniol per saleable bottle of Ace Zappo.

                  Note: Show your work. Also, for consistency, please round your answers in all parts of the problem, (1) – (3), to two decimal places. Examples are $7.46, for (1) and (3), and 8.42 quarts for part (2).

In: Accounting

NPVlong dash—Mutually exclusive projects   Hook Industries is considering the replacement of one of its old metal...

NPVlong dash—Mutually

exclusive projects   Hook Industries is considering the replacement of one of its old metal stamping machines. Three alternative replacement machines are under consideration. The relevant cash flows associated with each are shown in the following​ table:

LOADING...

. The​ firm's cost of capital is

1414​%.

a.  Calculate the net present value

​(NPV​)

of each press.

b.  Using​ NPV, evaluate the acceptability of each press.

c.  Rank the presses from best to worst using NPV.

d.  Calculate the profitability index​ (PI) for each press.

e.  Rank the presses from best to worst using PI.

Machine A

Machine B

Machine C

Initial investment

​(CF 0CF0​)

​$84 comma 90084,900

​$60 comma 30060,300

​$130 comma 500130,500

Year​ (t)

Cash inflows

​(CF Subscript tCFt​)

1

​$17 comma 80017,800

​$12 comma 50012,500

​$49 comma 60049,600

2

​$17 comma 80017,800

​$14 comma 40014,400

​$29 comma 90029,900

3

​$17 comma 80017,800

​$16 comma 50016,500

​$19 comma 90019,900

4

​$17 comma 80017,800

​$17 comma 90017,900

​$19 comma 60019,600

5

​$17 comma 80017,800

​$20 comma 00020,000

​$20 comma 00020,000

6

​$17 comma 80017,800

​$25 comma 50025,500

​$30 comma 40030,400

7

​$17 comma 80017,800

long dash—

​$40 comma 10040,100

8

​$17 comma 80017,800

long dash—

​$50 comma 300

In: Finance

Test the null hypothesis that the mean difference in the number of cases lost on appeal...

Test the null hypothesis that the mean difference in the number of cases lost on appeal for the two groups of judges is zero against the alternative hypothesis that the untrained judges lose more cases on appeal. Use an alpha level of .01.

Judge

Untrained

Trained

1

3

0

2

1

3

3

2

4

4

7

4

5

5

2

6

4

5

7

6

1

8

2

1

9

7

0

10

5

6

11

3

4

12

4

2

13

5

5

14

6

3

15

2

1

Paired Samples Correlations

N

Correlation

Sig.

Pair 1

Untrained Judge & Trained Judge

15

.049

.861

Paired Differences

t

df

Sig. (2-tailed)

Mean

Std. Deviation

Std. Error Mean

95% Confidence Interval of the Difference

Lower

Upper

Pair 1

Untrained Judge - Trained Judge

1.40000

2.64035

.68173

-.06218

2.86218

2.054

14

.059

In: Statistics and Probability

Statistics exercise Kruskal-Wallis H/One-way Between Groups (BG) ANOVA     Suppose you would like to know if...

Statistics exercise

Kruskal-Wallis H/One-way Between Groups (BG) ANOVA

    Suppose you would like to know if political party affiliation (democrat, republican, libertarian) has an effect on how people feel about the war in Afghanistan. You ask people to rate on a scale from 1-100 how much they support the war effort. Use the data below to see if the groups differed.

Democrats

Republicans

Libertarians

35

65

15

15

60

25

50

75

35

40

60

40

30

90

35

45

75

25

25

65

45

40

70

35

  1. State the hypotheses
  1. Select an alpha level and one- or two-tailed
  1. Select and compute the appropriate statistic.
  1. Report in APA style the df and the p-value

  1. Accept or reject the null and draw a conclusion about the variables.

In: Statistics and Probability

Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for...

Periodic Inventory by Three Methods; Cost of Merchandise Sold

The units of an item available for sale during the year were as follows:

Jan. 1 Inventory 50 units @ $130
Mar. 10 Purchase 60 units @ $138
Aug. 30 Purchase 20 units @ $142
Dec. 12 Purchase 70 units @ $148

There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.

Determine the inventory cost and the cost of merchandise sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar.

Cost of Merchandise Inventory and Cost of Merchandise Sold
Inventory Method Merchandise Inventory Merchandise Sold
First-in, first-out (FIFO) $ $
Last-in, first-out (LIFO)
Weighted average cost

In: Accounting

Language for this question is Java write the code for the given assignment Given an n...

Language for this question is Java

write the code for the given assignment

Given an n x n matrix, where every row and column is sorted in non-decreasing order. Print all elements of matrix in sorted order.Input:
The first line of input contains an integer T denoting the number of test cases. Then T test cases follow. Each test case contains an integer n denoting the size of the matrix. Then the next line contains the n x n elements in row wise order.Output:
Print the elements of the matrix in sorted order.Constraints:
1<=T<=100
1<=n<=100
1<=a[n][n]<=100Example:
Input:
2
4
10 20 30 40 15 25 35 45 27 29 37 48 32 33 39 50
3
1 3 4 2 6 7 5 8 9Output:
10 15 20 25 27 29 30 32 33 35 37 39 40 45 48 50
1 2 3 4 5 6 7 8 9

In: Computer Science

1. T The following data represents the number of days absent from school in one school...

1. T The following data represents the number of days absent from school in one school year for a sample of 40 students in Ms. Jinn’s fourth grade class.

                                0              1              2              2              2              4              5              5              7              7

                                7              7              8              8              8              8              8              8              10           10

                              12             12           12           13           14           14           14           14           15           15

                              16             18           20           20           22           23           24           26           26           34

               

  1. What is the population in the above scenario?                                                                                              (1 pt.)

  1. What is the variable for this study? Include units if any.                                                                            (2 pts.)

  1. What is the sample size used in the study?                                                                                   (1 pt.)

  1. Is the sample large or small? Explain.                                                                                                            (1 pt.)

In: Statistics and Probability

Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all...

Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based costing system and prepared the following cost estimates for year 2 for the recommended cost drivers.

Activity Recommended
Cost Driver
Estimated
Cost
Estimated Cost
Driver Activity
Processing orders Number of orders $ 36,750 175 orders
Setting up production Number of production runs 180,000 100 runs
Handling materials Pounds of materials used 260,000 130,000 pounds
Machine depreciation and maintenance Machine-hours 286,000 13,000 hours
Performing quality control Number of inspections 52,000 40 inspections
Packing Number of units 122,500 490,000 units
Total estimated cost $ 937,250

In addition, management estimated 7,400 direct labor-hours for year 2.

Assume that the following cost driver volumes occurred in January, year 2:

Institutional Standard Silver
Number of units produced 62,000 23,000 11,000
Direct materials costs $ 36,000 $ 27,000 $ 12,000
Direct labor-hours 460 470 560
Number of orders 12 9 7
Number of production runs 4 3 6
Pounds of material 13,000 5,000 2,900
Machine-hours 590 160 90
Number of inspections 3 2 3
Units shipped 62,000 23,000 11,000

Actual labor costs were $16 per hour.

Required:

a. (1) Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. (Round your answers to 2 decimal places.)

Activity Rate
Processing orders per order
Setting up production per run
Handling materials per pound
Using machines per machine hour
Performing quality control per inspection
Packing per unit

(2) Compute a predetermined rate for year 2 using direct labor-hours as the allocation base. (Round your answer to 2 decimal places.)

Predetermined rate per direct labor-hour

b. Compute the production costs for each product for January using direct labor-hours as the allocation base and the predetermined rate computed in requirement a(2). (Do not round intermediate calculations.)

Account Institutional Standard Silver Total
Direct Materials $36,000 $27,000 $12,000 $75000
Direct Labor
Indirect Costs
Total Costs

c. Compute the production costs for each product for January using the cost drivers recommended by the consultant and the predetermined rates computed in requirement a. (Note: Do not assume that total overhead applied to products in January will be the same for activity-based costing as it was for the labor-hour-based allocation.) (Do not round intermediate calculations.)

Account Institutional Standard Silver Total
Direct Materials $36,000 $27,000 $12,000 $75,000
Direct Labor
Indirect Costs
Processing orders
Setting up production
Handling materials
Using machines
Performing quality control
Packing
Total Cost

In: Accounting

Reconsider your student ID in a binary format (as explained in the previous question) as the...

Reconsider your student ID in a binary format (as explained in the previous question) as the dataword. 2.1) Find the codeword corresponding to this dataword using the CRC error detection technique, and the divisor polynomial g(x) = x3+x2+1. Do Binary division with 0s and 1s. 2.2) Compute now the codeword corresponding to this dataword assuming that the divisor polynomial that is used is f(x) = x5+1. Do Polynomial division. 2.3) Assume that an error corrupted the first two bits of the dataword; show how the CRC technique allows you to detect such an error using the divisor of question 2.2.720 is the id to be considered..

In: Computer Science