Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company’s Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Manufacturing Costs Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable Variable costs Direct materials $48,000 $47,000 $1,000 Favorable Direct labor 54,000 51,200 2,800 Favorable Indirect materials 24,000 24,200 200 Unfavorable Indirect labor 18,000 17,500 500 Favorable Utilities 15,000 14,900 100 Favorable Maintenance 12,000 12,400 400 Unfavorable Total variable 171,000 167,200 3,800 Favorable Fixed costs Rent 12,000 12,000 –0– Neither Favorable nor Unfavorable Supervision 17,000 17,000 –0– Neither Favorable nor Unfavorable Depreciation 6,000 6,000 –0– Neither Favorable nor Unfavorable Total fixed 35,000 35,000 –0– Neither Favorable nor Unfavorable Total costs $206,000 $202,200 $3,800 Favorable The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 58,000 units were produced. (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is $ + variable costs of $ per unit. (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) RATCHET COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Difference Budget Actual Costs Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $ In September, 64,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) RATCHET COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2020 Difference Budget Actual Costs Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $

Gruman Company purchased a machine for $198,000 on January 2, 2019. It made the following estimates:

In 2019, Gruman uses the machine for 2,000 hours and produces 50,000 units. In 2020, Gruman uses the machine for 1,200 hours and produces 32,000 units. If required, round your final answers to the nearest dollar.

Required:

1. Compute the depreciation for 2019 and 2020 under each of the following methods:

1. Straight-line method

   2019	$
   2020	$

2. Sum-of-the-years'-digits method

   2019	$
   2020	$

3. Double-declining-balance method

   2019	$
   2020	$

4. Activity method based on hours worked

   2019	$
   2020	$

5. Activity method based on units of output

   2019	$
   2020	$

2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020?

1. Straight-line method

   2019	$
   2020	$

2. Sum-of-the-years'-digits method

   2019	$
   2020	$

3. Double-declining-balance method

   2019	$
   2020	$

4. Activity method based on hours worked

   2019	$
   2020	$

5. Activity method based on units of output

   2019	$
   2020	$

3. If Gruman used a service life of 8 years or 15,000 hours and a residual value of $9,000 , what would be the effect on the following under the straight-line, sum-of-the-years'-digits, and double-declining-balance depreciation methods?

Depreciation expense

1. Straight-line method

   2019	$
   2020	$

2. Sum-of-the-years'-digits method

   2019	$
   2020	$

3. Double-declining-balance method

   2019	$
   2020	$

Book value

1. Straight-line method

   2019	$
   2020	$

2. Sum-of-the-years'-digits method

   2019	$
   2020	$

3. Double-declining-balance method

   2019	$
   2020	$

II-(7 pts) A city wants to know if a new advertising campaign to make citizens aware of the dangers of driving after drinking has been effective. They count the number of drivers who have been stopped with more alcohol in their systems than the law allows for each day of the week in the week before and the week a month after the campaign starts. Let ?௜ be the difference between the number of drivers caught with excessive alcohol in their systems before and after the campaign on each calendar day in any given week. Treat these as a random sample from a Normal (?, ? ଶ ) distribution. Information collected randomly during a week before and a week a month after the campaign indicate a mean difference ?̅= −2 , with a standard deviation ? = 3.162.

a. Obtain a 95% confidence interval for the true average difference in number of drivers stopped with excess alcohol in their systems. (1pt)

b. You are asked by the city administration to study whether the advertising campaign was effective. State in terms of , the relevant null and alternative hypothesis in conducting this study. (1pt)

c. Compute the t statistic for testing ?଴ against ?஺ (1pt)

d. Obtain the p- value for the test (1pt)

e. Do you reject ?଴ at the 5% level? At the 1% level? (1pt)

f. Provide a short summary of your conclusions from this study. Comment on the practical versus statistical significance of this estimate. (2pts)

Lesson Objectives :By the end of this lesson, students should be able to: Be able to discuss the history of labor unions. Explain some of the reasons for a decline in union membership over the past sixty years. Be able to explain the process of unionization and laws that relate to unionization. Be able to describe the process of collective bargaining. Understand the types of bargaining issues and the rights of management. Discuss some strategies when working with unions. Be able to explain how to manage the grievance process. Be able to discuss employee's rights and responsibilities. You are to complete two annotated bibliographies for each week’s assignment (week’s 1, 4, & 8). Your AB’s should be ½ to ¾ pages long. It should be double-spaced, and you are to use Times new Roman 12 font. For your AB, you must have: • Your name, date, course, and AB number at the top (see example) • APA Reference before the information (see example) Annotated bibliographies must be written in manner, in which, they are understandable. You must describe all-important data such as: • The participants • The reason the study was conducted • What research design was used (surveys, interviews, case study, etc.) • Which research analysis was used (MANOVA, ANOVA, Kruskal Wallace, etc.) • The results of the study along with any conclusions of the author(s) Your study must include all of these (if applicable). Your AB MAY NOT be copied and pasted directly from the source. There MUST NOT be any form of plagiarism in your annotated bibliography (or any other assignment).

Define each of the following terms

- Too big to fail (TBTF) Redlining

- Dodd – Frank Wall Street Reform and Consumer Protection Act of 2010

- Intellectual Capture

Provide a brief background in your own words to the role of a conceptual framework in accounting, including benefits of having one, together with problems and criticisms of the current (2010) framework

what were the impact and strategies used by Coca-COLA during 2008-2010 financial crisis? what were the strategies used post the recession by coca-cola?

Write a 5 page paper on The Biological Basis of Human Behaviour - Nature vs Nurture, Chapter 4 of the textbook "Psychology 9th edition 2010 by D.G. Myers".

A rigid, closed container contains 0.0700 mol of Ne(g) and a sample of the solid, ammonium nitirite, NH4NO2. Assume that the volumes of solids are negligible compared to the volume of the container. The pressure of the Ne is meausre at 33 degrees celsius and is found to be .409atm.

The container is then heated to 333 degrees celsius and all of the ammonium nitrite decomposes according to the reaction. NH4NO2(s) --> N2(g) + 2H2O(g)

The Ne is not involved in the reastion and is still present. The final pressure in the container after complete decompostion of the NH4NO2 is 3.93 atm. Assuming ideal gas behavior, answer the following questions.

a. What is the volume of the container, in liters? ____L

b. What is the partial pressure of H2O in the containers, at 333 C, when the reaction is complete?

pH2O=____atm

Furnaces Pty Ltd was advised by a local building inspector that one of the chimneys on its premises was unsafe and, unless it was repaired, the factory would have to be closed. Furnaces decided that it was not feasible to stop operations to repair the chimney, so they gained permission to build an alternative chimney adjacent to the old chimney, thereby allowing production to continue. They found that although the new chimney was substantially the same size and make as the old one, it was cheaper to build than it would have been to repair the old one. Also, the new chimney can better ventilate the weather, which was not available in the previous one. After the new chimney was erected, the old chimney was demolished.

Is any amount allowable as a deduction for the cost of the new chimney?( 500 WORD)