1.

​M2 consists of:

2.

​The demand for money in an economy is high when the:

3.

​Which of these is an advantage of money as a store of value?

You are in the process of buying a new home!

Now consider the following:

1. The New Home

2. Furniture

3. Plates, Utensils, Cups

4. Towels and Blankets

5. Decorations for the home

6. Bank for a mortgage loan

7. Realtor to help you look for a new home.

8. The neighborhood where you will move to

9. Schools near your new home

10. Shopping and restaurants near your new home

this is about High and Low Involvement, Consumer Decisions, and Factors that affect our choices. Now answer the questions below in detail.

A. Which of the above do you consider to be HIGH INVOLVEMENT items? Simply make a list.

B. Which are LOW involvement? Again, make a list.

C. Explain what your thought process would be if you were considering buying a new home. What affects your choices?

Ch 19

8. A nearsighted person has glasses with a prescription of -6.25 D. What is the farthest he can see clearly without corrective lenses (far-point)? 16 cm

9. A farsighted person has a near-point of 75 cm. What prescription should his glasses have to bring his near-point to 25 cm? 2.67 D

10. A person with a far point of only 25 cm wants glasses that he can wear while using a computer monitor 65 cm away from his eyes. What refractive power do these glasses require? -2.46 D

11. A 2 cm tall object is projected as a 8 cm tall real image.

a) What is the focal length of the lens if the object is 5 cm from the lens? 4 cm

b) Is the lens convex or concave? Convex

Python

1. What is the length of some_numbers?

2. What is the sum of the values in some_numbers?

3. How many courses is the student taking?

4. What is the student's birthdate?

5. How long is the course name of the second course in the student's list of courses?

some_numbers=[7,14,5,17,82]

student={"uin":123456789,
"name":"Josephina Student",
"birthdate": "01/01/2002",
"courses": ["CS111","BIOS100","ARST209","PHIL103"]}

course_catalog={
"ARST209": "The Art and Archaeology of the Ancient Near East",
"PHIL103": "Introduction to Ethics",
"CS111":"Program Design I",
"CS141":"Program Design II",
"BIOS100": "Biology of Cells and Organisms"
}

some_numbers=[7,14,5,17,82]

student={"uin":123456789,
"name":"Josephina Student",
"birthdate": "01/01/2002",
"courses": ["CS111","BIOS100","ARST209","PHIL103"]}

course_catalog={
"ARST209": "The Art and Archaeology of the Ancient Near East",
"PHIL103": "Introduction to Ethics",
"CS111":"Program Design I",
"CS141":"Program Design II",
"BIOS100": "Biology of Cells and Organisms"
}

9.

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 weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. 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 weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Note: Please solve the problem completely.

Thank you,

Exercise 1-7 Direct and Indirect Costs [LO1-1]

Kubin Company’s relevant range of production is 22,000 to 27,000 units. When it produces and sells 24,500 units, its average costs per unit are as follows:

Required:

1. Assume the cost object is units of production:

a. What is the total direct manufacturing cost incurred to make 24,500 units?

b. What is the total indirect manufacturing cost incurred to make 24,500 units?

2. Assume the cost object is the Manufacturing Department and that its total output is 24,500 units.

a. How much total manufacturing cost is directly traceable to the Manufacturing Department?

b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?

3. Assume the cost object is the company’s various sales representatives. Furthermore, assume that the company spent $90,650 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives’ compensation.

a. When the company sells 24,500 units, what is the total direct selling expense that can be readily traced to individual sales representatives?

b. When the company sells 24,500 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?

Complete this question by entering your answers in the tabs below.

2. Assume the cost object is the Manufacturing Department and that its total output is 24,500 units.

a. How much total manufacturing cost is directly traceable to the Manufacturing Department? (Round per unit values to 2 decimal places.)

b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?

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Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below.

The above costs include all of the costs of the restaurant except for organization-sustaining costs such as rent, property taxes, and top-management salaries.

Some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. Other costs, such as washing plates and glasses, depend on the number of diners served or the number of drinks served.

Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. She knew that the total cost for the month (including organization-sustaining costs) was $180,000 and that 12,000 diners had been served. Therefore, the average cost per diner was $15.

Required:

1&2. According to the activity-based costing system, what is the total cost and average cost per diner for serving each of the following parties of dinners? (Round your intermediate calculations to 2 decimal places. Round your Total Cost final answers to 2 decimal places and your Average Cost final answers to 3 decimal places.)

A. a party of three diners who order 5 drinks total (whats the total cost) & (average cost per diner)

B. a party of 5 diners who do not order any drinks (whats the total cost) & (average cost per diner)

C. A party of one diner who orders two drinks (whats the total cost) & (average cost per diner)

Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below.

The above costs include all of the costs of the restaurant except for organization-sustaining costs such as rent, property taxes, and top-management salaries.

Some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. Other costs, such as washing plates and glasses, depend on the number of diners served or the number of drinks served.

Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. She knew that the total cost for the month (including organization-sustaining costs) was $180,000 and that 12,000 diners had been served. Therefore, the average cost per diner was $15.

Required:

1&2. According to the activity-based costing system, what is the total cost and average cost per diner for serving each of the following parties of dinners? (Round your intermediate calculations to 2 decimal places. Round your Total Cost final answers to 2 decimal places and your Average Cost final answers to 3 decimal places.)

A. A party of five who order three drinks in total. total cost: and average cost per diner

B. A party of four diners who do not order any drinks. total cost: and average cost per diner

C. A party of one diner who orders three drinks. total cost : and average cost per diner