Movie Theater Attendance The data shown are the weekly admissions, in millions, of people attending movie theaters over three different time periods. At α = 0.05, is there a difference in the means for the weekly attendance for these time periods?

Use the traditional method of hypothesis testing unless otherwise specified.

a. State the hypotheses and identify the claim.

b. Find the critical value.

c. Compute the test value.

d. Make the decision.

e. Summarize the results.

H₀: μ₁ = μ₂ = μ₃. H₁: At least one mean is different from the others (claim); C.V. = 3.89; d.f.N. = 2; d.f.D. = 12; α = 0.05; F = 1.89; do not reject. There is not enough evidence to support the claim that at least one mean is different from the others.

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

Required:

Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs. (Round your answer to 2 decimal places.)

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

Basic Dominator Total

Units produced 1,000 450 1,450

Machine-hours 3,000 2,800 5,800

Direct labor-hours 2,900 2,300 5,200

Direct materials costs $ 8,200 $ 3,350 $ 11,550

Direct labor costs 58,700 31,300 90,000

Manufacturing overhead costs 183,560

Total costs $ 285,110

Required:

Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs.

Predetermined overhead rate __________% per direct labor hour

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

Required:

Compute the individual product costs per unit assuming that Tiger Furnishings uses machine-hours to allocate overhead to the products. (Do not round intermediate calculations. Round final answers to 2 decimal places.)

Basic

Dominator

Suppose there are high- and low-ability workers. The percentage of the population that is high-ability is ? and the percentage that is low-ability is 1 − ?. If the employer can distinguish the two types, it pays equal to the output of the two types: ?h and ??, respectively. If the employer cannot distinguish the two types it pays ?̅, which is equal to the expected (i.e., average) output of all workers it employs.

a. Suppose education is a continuous variable, where ?h is the years of schooling of a high- ability worker and ?? is the years of schooling of a lower-ability worker. (Only integer values of e are allowed: 1, 2, 3, etc.) The cost per period of education for these types of workers is ?h and ?? respectively, where ?? > ?h. Under what conditions is a separating equilibrium possible? How much education will each type of worker get?

Hint: You will need to explain the constraint on both high- and low-ability workers at equilibrium. These two constraints are the “conditions” the question asks for. Use these constraints to solve for the levels of education.

b. Under what conditions is a pooling equilibrium possible?

Hint: You will need to explain the constraint on high-ability workers and on cost generally. These two constraints are the “conditions” the question asks for. Explain (a) what levels of cost always give you a pooling equilibrium and (b) what combinations of cost and percentage of high-ability give you a pooling equilibrium.

GOVERNMENTAL ACCOUNTING: Prepare the journal entries for the following (note-the bureau is an enterprise fund)

1. The board of the Bureau of Electricity and Water apporved the construction of a new office building. The construction, including planning and architect fees, was estimated to be $900,000

2. In July, the office building contract was signed for the amount of $865,000

3. In October, the Bureau's office construction was completed. Of the contracted amount from above, a portion was paid but the balance will not until a final inspetion is completed in Janurary. Liabilities are recorded as contracts payable. Contract amount: $865,000. Amount Paid $632,500

On January 1, 2018, the Marjlee Company began construction of an office building to be used as its corporate headquarters. The building was completed early in 2019. Construction expenditures for 2018, which were incurred evenly throughout the year, totaled $7,200,000. Marjlee had the following debt obligations which were outstanding during all of 2018:

Construction loan, 11% $ 1,800,000

Long-term note, 10% 2,400,000

Long-term note, 7% 4,800,000

Calculate the amount of interest capitalized in 2018 for the building using the specific interest method.

(2) Red Man Construction is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,400,000 on March 1, $5,280,000 on June 1, and $8,000,000 on December 31. Red Man borrowed $3,200,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable. What amount of interest should be charged to expense?

Red Man Construction is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6,400,000 on March 1, $5,280,000 on June 1, and $8,000,000 on December 31. Red Man borrowed $3,200,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6,400,000 note payable and an 11%, 4-year, $12,000,000 note payable. what amount of interest should be charged to expense?

Context1: Review health and safety regulations and legislation associated with the storage(Hong Kong), handling and use of materials on a construction site.

P1 Explain how regulations impact on the use, storage and handling of a selection of vocationally typical construction materials.

Conext2:Discuss the environmental and sustainability factors which impact on and influence the material choices for a construction project.

P2 Explain material environmental profiling and lifecycle assessment. Use a relevant material to exemplify your explanation.

P3 Discuss the benefits of product declaration and environmental certification.