Lafleur Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it:

These costs are based on a budgeted volume of 297,000 units produced and sold each year. Lafleur uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 40%.

Calculate the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16.

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Calculate the desired markup per unit for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.)

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Calculate the target selling price for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.)

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Assuming that 237,600 M14-M16s are produced during the year, calculate the variable cost per unit, fixed cost per unit, and total cost per unit. (Round answers to 2 decimal places, e.g. 15.25.)

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Which of the following is NOT an assumption of the traditional economic order quantity (EOQ) model?

a. Holding and ordering costs are stable and known.

b. Demand is constant and known.

c. Supply lead time is constant and known.

d. Quantity discounts are possible.

Kim’s Nail Salon uses a weighted moving average method to forecast demand. She assigns a weight of 5 to the previous month’s demand, 3 to demand two months ago, and 2 to demand three months ago. If demand was 800 customers in April, 900 customers in May, 1,200 customers in June, and 2,000 customers in July, what should her forecast for August be?

a. 1,540

b. 910

c. 1,400

d. 1,210

Statewide Insurers receives 600 applications per month. Currently, there are 60 applications in the Reception area and 140 applications with the Underwriting team. How long does Receiving take to process an application? Assume that there are 20 working days per month.

a. 2 days

b. 3 days

c. 7 days

d. 10 days

Based on experience, the manager at the Giraffe Hotel decides to accept a reservation for a party of 12 guests knowing that his hotel is sold out. He is accepting the reservation because:

a. he can cancel the reservations of the 12 lowest-paying guests and get more revenue from the new guests

b. he can make arrangements with the neighboring hotel to accept the 12 guests

c. he is using overbooking techniques and has determined that he can safely accept the 12 guests

d. he knows he will have 6 cancellations and 6 no-shows among the current reservations

A manufacturing firm finds a location using the center of gravity method but rejects that location because they are unable to efficiently transport the finished goods to market. The firm’s action illustrates the link between __________ and location.

a. proximity

b. clustering

c. infrastructure

d. globalization

Your BANA II professor is going on vacation. He has narrowed down a list of potential hotels, but he is still overwhelmed by the data. He loves great food and wants to do all the activities at the resort. Refer to the attached Excel workbook to complete the following 2 questions: 1. Develop two unique ways to display the data (two unique types of charts) to show him where he should stay. Save the graphs in the Blackboard Midterm Tab. Make sure to label and describe the data in the chart. Be creative and impress your professor. 2. Recommend the best way to present the data. Write a narrative summary of what hotel you recommend based on the data visualization and the tradeoffs that you observe.

Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4

[The following information applies to the questions displayed below.]

Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 26,000 units to the blending department. Of the units completed, 4,900 were from beginning inventory and the remaining 21,100 were started and completed during the month. Beginning work in process was 100% complete with respect to direct materials and 30% complete with respect to conversion. The company has 4,300 units (100% complete with respect to direct materials and 70% complete with respect to conversion) in process at month-end. Information on the roasting department’s costs of beginning work in process inventory and costs added during the month follows.

Problem 16-7A Part 1

Required:
1. Prepare the roasting department's process cost summary for October using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)

Problem 16-7A Part 2

2. Prepare the journal entry dated October 31 to transfer the cost of completed units to the blending department. (Do not round your intermediate calculations.)

• Record the transfer of goods from Roasting to Blending.

Required information

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[The following information applies to the questions displayed below.]

The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion.

Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)

Task: For each of the scenarios below, choose the strategy that you believe should be pursued to achieve the best results, and provide a brief explanation of why you believe this is the best strategy.

Choose from theses 5 Generic Strategies : 1. Low-Cost Provider Strategy 2. Broad Differentiation Strategy 3. Focused Low-Cost Strategy 4. Focused Differentiation Strategy 5. Best-Cost Provider Strategy

Scenarios: 1. A new waterfront development project is beginning in a medium-size city. This project will include moderate to higher-end shopping, restaurants, and hotels. Some of these businesses include: Pottery Barn, Ann Taylor, an Apple Store, Sasha’s Dress Boutique, Apostrophe, Bose, Calvin Klein, Cheesecake Factory, Capital Grille, Maggiano’s, the Marriott, and the Westin. The spaces will include a mixture of national chains, and local businesses. The project and the city have been highlighted in national papers for the expected success of the project and renewed attraction to the city. The Sully Hospitality group is determining if they want to open a boutique hotel in this area. What strategy should Sully adopt to develop the type of boutique hotel would best- fit this project? Provide a brief explanation.

2. A new shopping center is being developed – the main anchors are Wal-Mart and Home Depot. The other parcels will include smaller establishments of fast-food and other convenience category businesses. McDonald’s is interested in this project but has to determine how they would approach this location. The options are: 1. Put a McDonald’s Express inside the Wal-Mart 2. Purchase an out-parcel at the front of the project with high traffic volume and build a traditional McDonald’s 3. Purchase an out-parcel at the front of the project with high traffic volume and build a McCafe Which generic strategy should be McDonald’s use to guide this decision? Based on the generic strategy that you believe is most appropriate for this scenario, which option should McDonald’s choose? Provide a brief explanation.

3. The airline industry has seen various players attempt all of the generic strategies. Given the current state of the airline industry and the main surviving airlines, if a company wanted to get into this industry right now, which strategy would promote the best chances for success? Provide a brief explanation.

4. The top five selling brands of tablets in the world are: 5. Acer, 4. Dell, 3. Sony Vaio, 2. Lenovo, and 1. Apple. A new start-up company wants to break into the tablet market; what generic strategy should they adopt? Provide a brief explanation.

Please answer in excel only. How do I create the graphs in excel and show the data.

Discuss the following two cost functions:

TC=20+4Q

TC=20+2Q+0.5Q^2

a) Calculate all cost curves and plot these curves on graphs.

Total Cost

Total Fixed Cost

Total Variable Cost

Average Total Cost

Average Fixed Cost

Average Variable Cost

Marginal Cost

b) In each case, indicate the point at which diminishing returns occur.

(For question a), compute the required costs and plot the curves for quantities 1 to 20)

John Smith is requesting your assistance in determining a cost equation for forecasting his expenses for his ABC restaurant. He provides costs at two extremes as follows:

a) Please identify the Type of Cost for each line. (4 points)
Please use "F" as Fixed cost, "V" as Variable cost, "M" as Mixed cost.

b) Calculate the fixed cost and variable cost per unit. (5 points)
If one blank did not have a number to put in, please put zero (0.00) in it.

c) Please provide the Total Fixed Cost and Total Variable Cost per Unit. (2 points)
Total Fixed Cost:   
Total Variable Cost:  

d) If the restaurant has 2,500 covers, what is the total cost? (1 point)
Total Cost:  

1. Which of the following cost curves are continually upward sloping?

Group of answer choices

None of the choices correctly answers this question.

average total cost and long run average total cost

average total cost and average variable cost

marginal cost and average variable cost

total fixed cost and total variable cost

2. When a firm uses standardized inputs, it is most likely the firm will use _______ to obtain the inputs. When a firm uses specialized inputs and there are substantial bureaucratic costs, it is more likely to rely on _______ to obtain the inputs.

Group of answer choices

a contract, vertical integration

a spot exchange, vertical integration

a spot exchange, a contract

a contract, a spot exchange

vertical integration, a spot exchange