Al Bank is worried about financing his new home. The house sells for $190,000. If he puts down 20%, what will Al's payment be at the following rates? (Round answers to nearest cent)

work in progress on one one was $211,000 raw materials inventory is unknown raw material purchases is $159,000 Total raw materials available for use unknown, subtract raw materials inventory 12-31 is $22,100 direct materials used $181,000 direct labor is unknown, indirect labor 18100 Factory depreciation 36100 Factory utilities 68100 total overhead 122300 total manufacturing cost unknown, total cost a work-in-progress unknown, subtract work-in-progress 12-31 $81,100 cost of goods manufactured $541,000 please find all unknown information and provide cost of goods manufactured schedule

Hi-Tek Manufacturing, Inc., makes two types of industrial component parts—the B300 and the T500. An absorption costing income statement for the most recent period is shown:

Hi-Tek produced and sold 60,000 units of B300 at a price of $20 per unit and 12,600 units of T500 at a price of $39 per unit. The company’s traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company’s two product lines is shown below:

The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek’s ABC implementation team concluded that $54,000 and $101,000 of the company’s advertising expenses could be directly traced to B300 and T500, respectively. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company’s manufacturing overhead to four activities as shown below:

Required:

1. Compute the product margins for the B300 and T500 under the company’s traditional costing system.

2. Compute the product margins for B300 and T500 under the activity-based costing system.

3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.

Hi-Tek Manufacturing, Inc., makes two types of industrial component parts—the B300 and the T500. An absorption costing income statement for the most recent period is shown:

Hi-Tek produced and sold 60,400 units of B300 at a price of $21 per unit and 12,500 units of T500 at a price of $40 per unit. The company’s traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company’s two product lines is shown below:

The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek’s ABC implementation team concluded that $54,000 and $103,000 of the company’s advertising expenses could be directly traced to B300 and T500, respectively. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company’s manufacturing overhead to four activities as shown below:

Required:

1. Compute the product margins for the B300 and T500 under the company’s traditional costing system.

2. Compute the product margins for B300 and T500 under the activity-based costing system

3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.

(Round your intermediate calculations to 2 decimal places and "Percentage" answers to 1 decimal place and and other answers to the nearest whole dollar amounts.)

a. In a competitive industry, the market-determined price is $12. For a firm currently producing 50 units of output, short-run marginal cost is $15, average total cost is $14, and average variable cost is $7. Is this firm making the profit-maximizing decision? Why or why not? If not, what should the firm do?

b. In a different competitive market, the market-determined price is $25. A firm in this market is producing 10,000 units of output, and, at this output level, the firm’s average total cost reaches its minimum value of $25. Is this firm making the profit- maximizing decision? Why or why not? If not, what should the firm do?

c. In yet another competitive industry, the market-determined price is $60. For a firm currently producing 100 units of output, short-run marginal cost is $50, average total cost is $95, and the average variable cost is $10. This firm also incurs total quasi- fixed costs of $7,000 (or $70 per unit). Is this firm making the profit-maximizing decision? Why or why not? If not, what should the firm do? (Hint: You will need to compute total avoidable cost

An e-commerce company located in Columbia, Missouri is considering two ways to deliver customer orders. The first option is to ship the goods directly to customers throughout the US using trucks. The second option is to ship the goods to a 3PL in Minneapolis, MN via rail and have them ship the goods to customers using the best mode of transportation. Given the data below for 500,000 units, please answer the following questions:

(a) what is the equivalence point of the two options in units?

(b) What is the total cost associated with the first option at a quantity of $200,000 units?

(c) what is the total cost associated with the second option at a quantity of $200,000 units?

(d) At which volumes should each option be used?

1. Profit-Linked Productivity Measurement

   In 20x2, Choctaw Company implements a new process affecting labor and materials.

   Choctaw Company provides the following information so that total productivity can be valued:

   	20x1	20x2
   Number of units produced	540,000	450,000
   Labor hours used	108,000	112,500
   Materials used (lbs.)	2,160,000	1,500,000
   Unit selling price	$20	$22
   Wages per labor hour	$12	$14
   Cost per pound of material	$3.40	$3.50

   Required:

   1. Calculate the cost of inputs in 20x2, assuming no productivity change from 20x1 to 20x2.

   Cost of labor	$
   Cost of materials
   Total PQ cost	$

   2. Calculate the actual cost of inputs for 20x2.

   Cost of labor	$
   Cost of materials
   Total current cost	$

   What is the net value of the productivity changes?
   $

   How much profit change is attributable to each input's productivity change? If an item is negative, use a minus (-) sign to indicate.

   Labor productivity change	$
   Materials productivity change	$

   3. What if a manager wants to know how much of the total profit change from 20x1 to 20x2 is attributable to price recovery? Calculate the total profit change.
   $

   Calculate the price-recovery component.
   $

Q2: Fill in the Blanks. Assume the fixed cost is $500. Product Price is $300

Question 6 (1 point)

An external cost:

Question 6 options:

Question 7 (1 point)

The Coase theorem says that private bargains can ensure an efficient market equilibrium even when externalities exist if:

Question 7 options:

Question 8 (1 point)

Marginal cost is:

Question 8 options:

An industry currently has 100 firms, each of which has fixed costs of $15 and average variable costs as follows:

Complete the following table by deriving the total cost, marginal cost, and average total cost for each quantity from 1 to 6.

The equilibrium price is currently $20.

Each firm produces _____ ??? units, so the total quantity supplied in the market is ____??? units.

In the long run, firms can enter and exit the market, and all entrants have the same costs as in the previous table.

As this market makes the transition to its long-run equilibrium, the price will FALL OR RISE , quantity demanded will RISE OR FALL , and the quantity supplied by each firm will FALL OR RISE .