1. A marketing research team at Optimum Nutrition is interested in knowing the proportion of Americans who exercise at least three times a week. They send out a survey asking "Do you exercise more than 3 times a week?" to over 5,000 random Americans.

Given the following scenario, is this problem a One Mean, One Proportion, Two Independent Means, or Paired Means?

Group of answer choices

a. One Mean

b. Two Independent Means

c. Paired Means

d. One Proportion

2. On average, how much is the difference in calories burned between regular and standing desks? The amount of calories that 8 employees burned was recorded by using a regular desk for a day, and then with using a standing desk. The data is recorded in the table below. Compute a 95% confidence interval for the population mean difference. (dif = standing - regular)

Group of answer choices

a. (-6.91, 10.66)

b. (-10.66, -6.91)

c. (-10.66, 6.91)

d. (6.91, 10.66)

3. A movie theater wanted to see if they could increase attendance by offering a free digital copy of a movie with ticket purchase. They randomly picked 10 different theaters to test the new program at and tested each of these theaters on two random days, once with the program and once without. The resulting attendance that was recorded is shown in the table below. Find dbar and s_d using (with-without).

Group of answer choices

a. dbar= 1.9 sd= 6.08

b. dbar= -1.9 sd= -1.14

c. dbar= 1.9 sd= -1.14

d. dbar= -1.9 sd= -6.08

1A)

Exhibit 8-1 Quantity and total revenue data for a firm

Exhibit 8-1 indicates that this firm is operating in which type of market structure?

1B)

Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? Why?

Whitley has recently completed work for three clients: Harrison, Barnes, and Tyler. The cost data for each of the three jobs are summarized below:

Budgeted direct materials cost and direct labor cost for the year are estimated at $515,000 and $730,000, respectively. Direct labor hours are budgeted at 29,000 hours, and total overhead is budgeted at $493,000.

Required:

1. Calculate the total cost of each of the three jobs.

2. Suppose that for the entire year, Whitley used 30,300 labor hours and total actual overhead was $512,000. What is the amount of underapplied or overapplied overhead?

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

• Required 1
• Required 2

Calculate the total cost of each of the three jobs.

Wamser Corporation needs to set a target price for its newly designed product, E2-D2. The following data relate to it:

These costs are based on a budgeted volume of 1 million units produced and sold each year. Wamser uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 25%. Instructions

a. Calculate the total variable cost per unit, total fixed cost per unit, and total cost per unit for E2-D2. Variable cost per unit = $66

b. Calculate the desired ROI per unit for E2-D2.

c. Calculate the target selling price for E2-D2. d. Calculate the variable cost per unit, fixed cost per unit, and total cost per unit, assuming that 800,000 E2-D2s are produced during the year. (Round to two decimal places.)

Please provide clear detailed steps. Will like if correct!

Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than the home consoles. The company only recently began producing the home model. Since the introduction of the new product, profits have been steadily declining. Management believes that the accounting system is not accurately allocating costs to products, particularly because sales of the new product have been increasing.

Management has asked you to investigate the cost allocation problem. You find that manufacturing overhead is currently assigned to products based on their direct labor costs. For your investigation, you have data from last year. Manufacturing overhead was $1,338,000 based on production of 310,000 handheld consoles and 100,000 home consoles. Direct labor and direct materials costs were as follows.

Management has determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year are as follows.

Required:

a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product?

b. How much overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product?

• Required A

How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total Cost per Unit" to 2 decimal places.)

• Required B

How much overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? (Do not round intermediate calculations. Round "Total cost per unit" to 2 decimal places.)

Maglie Company manufactures two video game consoles: handheld and home. The handheld consoles are smaller and less expensive than the home consoles. The company only recently began producing the home model. Since the introduction of the new product, profits have been steadily declining. Management believes that the accounting system is not accurately allocating costs to products, particularly because sales of the new product have been increasing.

Management has asked you to investigate the cost allocation problem. You find that manufacturing overhead is currently assigned to products based on their direct labor costs. For your investigation, you have data from last year. Manufacturing overhead was $1,237,000 based on production of 310,000 handheld consoles and 104,000 home consoles. Direct labor and direct materials costs were as follows.

Management has determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year are as follows.

Required:

a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product?

b. How much overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product?

How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total Cost per Unit" to 2 decimal places.)

How much overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? (Do not round intermediate calculations. Round "Total cost per unit" to 2 decimal places.)

Behind the Supply Curve — End of Chapter Problem

Daniella owns a small concrete-mixing company. Her fixed cost is the cost of the concrete-batching machinery and her mixer trucks. Her variable cost is the cost of the sand, gravel, and other inputs for producing concrete; the gas and maintenance for the machinery and trucks; and her workers. She is trying to decide how many mixer trucks to purchase. She has estimated the costs shown in the accompanying table based on estimates of the number of orders that her company will receive per week.

a. For each level of fixed cost (i.e., for each number of mixer trucks), calculate Daniella's total cost of producing 20, 40, and 60 orders per week.

TC, 20 orders, 2 trucks: $

TC, 40 orders, 2 trucks: $

TC, 60 orders, 2 trucks: $

TC, 20 orders, 3 trucks: $

TC, 40 orders, 3 trucks: $

TC, 60 orders, 3 trucks: $

TC, 20 orders, 4 trucks: $

TC, 40 orders, 4 trucks: $

TC, 60 orders, 4 trucks: $

b. If Daniella is producing 20 orders per week, how many trucks should she purchase, and what will her average total cost be? Round average total cost to the nearest dollar.

Daniella should buy

  trucks.

Her average total cost will be $

per order.

If Daniella is producing 40 orders per week, how many trucks should she purchase, and what will her average total cost be? Round the average total cost to the nearest dollar.

Daniella should buy

  trucks.

Her average total cost will be $

per order.

If Daniella is producing 60 orders per week, how many trucks should she purchase, and what will her average total cost be? Round the average total cost to the nearest dollar.

Daniella should buy

  trucks.

Her average total cost will be $

per order.