Questions
Ramsey Company produces speakers (Model A and Model B). Both products pass through two producing departments....

Ramsey Company produces speakers (Model A and Model B). Both products pass through two producing departments. Model A's production is much more labor-intensive than that of Model B. Model B is also the more popular of the two speakers. The following data has been gathered for the two products:

Product Data
Model A Model B
Units produced per year 10,000 100,000
Prime costs $153,000 $1,530,000
Direct labor hours 138,000 320,000
Machine hours 18,000 205,000
Production runs 40 70
Inspection hours 1,000 1,000
Maintenance hours 9,000 91,000
Overhead costs:
Setup costs $275,000
Inspection costs 190,000
Machining 430,000
Maintenance 250,000
Total $1,145,000
Required:
1. Compute the overhead cost per unit for each product by using a plantwide rate based on direct labor hours. (Round to two decimal places.)
2. Compute the overhead cost per unit for each product by using ABC. (Round rates and unit overhead cost to two decimal places.)
3. Suppose that Ramsey decides to use departmental overhead rates. There are two departments: Department 1 (machine intensive) with a rate of $3.50 per machine hour and Department 2 (labor intensive) with a rate of $0.90 per direct labor hour. The consumption of these two drivers is as follows:

Department 1

Department 2

Machine Hours

Direct Labor Hours

Model A 11,000 135,000
Model B 150,000 280,000
Compute the overhead cost per unit for each product by using departmental rates. (Round to two decimal places.)
4. CONCEPTUAL CONNECTION Using the activity-based product costs as the standard, comment on the ability of departmental rates to improve the accuracy of product costing. Did the departmental rates do better than the plantwide rate?

Plantwide Rate

1. Compute the overhead cost per unit for each product by using a plantwide rate based on direct labor hours. (Round to two decimal places.)

Plantwide rate:  per DLH

Model A:  overhead cost per unit
Model B:  overhead cost per unit

Activity Rates

2. Compute the overhead cost per unit for each product by using ABC. (Round rates and unit overhead costs to two decimal places.)

Model A:  overhead cost per unit
Model B:  overhead cost per unit

Note: Be sure to complete both tables below.

Activity Driver Activity Rate
Setups per  
Inspections per  
Machining per  
Maintenance per  
Overhead assignment
Model A Model B
Setups
Inspections
Machining
Maintenance
Total overhead
÷ Units produced
Overhead per unit

Departmental Rates

3. Suppose that Ramsey decides to use departmental overhead rates. There are two departments: Department 1: (machine intensive) with a rate of $3.50 per machine hour and Department 2: (labor intensive) with a rate of $0.90 per direct labor hour. The consumption of these two drivers is as follows:

Department 1

Department 2

Machine Hours

Direct Labor Hours

Model A 11,000 135,000
Model B 150,000 280,000

Compute the overhead cost per unit for each product by using departmental rates. (Round to two decimal places.)

Model A:  per unit
Model B:  per unit

In: Accounting

3.17 You and I play a tennis match. It is deuce, which means if you win...

3.17 You and I play a tennis match. It is deuce, which means if you win the
next two rallies, you win the game; if I win both rallies, I win the game; if
we each win one rally, it is deuce again. Suppose the outcome of a rally is
independent of other rallies, and you win a rally with probability p. Let W be
the event “you win the game,” G “the game ends after the next two rallies,”
and D “it becomes deuce again.”
a. Determine P(W | G).
b. Show that P(W) = p2 + 2p(1 − p)P(W | D) and use P(W) = P(W | D)
(why is this so?) to determine P(W).
c. Explain why the answers are the same.

In: Statistics and Probability

Calculate percentages for the following table. A prior Gamma analysis has indicated that the relationship is...

Calculate percentages for the following table. A prior Gamma analysis has indicated that the relationship is significant (p-value <0.05). Use these percentages to assess the strength (using the maximum difference method) and direction of this relationship.

FAMILY INCOME AND HAPPINESS (2004 GSS DATA)

Happiness

Family Income

Not too happy

Pretty happy

Very Happy

Total

Below Average

16

36

15

67

Average

11

36

21

68

Above Average

2

12

8

22

Total

29

84

44

157

Write a bullet points describing the relationship between these two variables

In: Statistics and Probability

Suppose data were collected on the number of customers that frequented a grocery stores on randomly...

Suppose data were collected on the number of customers that frequented a grocery stores on randomly selected days before and after the governor of the state declared a lock down due to COVID 19. A sample of 6 days before the lockdown were chosen as well as 6 days randomly chosen after the lock down was in place. The number of shoppers each day were as follows:

Before lock down

After lock down

100

60

110

50

115

70

120

90

145

40

130

50

This is interval/ratio data because they are characteristics of the days.

  1. Calculate accountable, unaccountable, and total variation. Show your work.
  2. Eta square is accountable variation divided by total variation. Determine eta square. It is interpreted as the variation in the dependent variable that can be accounted for by the independent variable. Describe eta square in terms of this problem.

In: Statistics and Probability

Whispering Company sells one product. Presented below is information for January for Whispering Company. Jan. 1...

Whispering Company sells one product. Presented below is information for January for Whispering Company.

Jan. 1 Inventory 111 units at $5 each
4 Sale 90 units at $8 each
11 Purchase 159 units at $6 each
13 Sale 130 units at $9 each
20 Purchase 149 units at $7 each
27 Sale 85 units at $11 each


Whispering uses the FIFO cost flow assumption. All purchases and sales are on account.

Assume Whispering uses a perpetual system. Prepare all necessary journal entries. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Compute gross profit using the perpetual system.

In: Accounting

XYZ has 9 million shares of stock outstanding. The current share price is $50, and the...

XYZ has 9 million shares of stock outstanding. The current share price is $50, and the

book value per share is $6. The firm also has two bond issues outstanding. The first

bond issue has a face value of $70 million and an 8% annual coupon; it sells for 95% of

par. The second bond has a face value of $60 million and a 7% annual coupon; it sells for

97% of par. The first bond matures in 10 years, whereas the second matures in 5 years.

(a) What are XYZ’s capital structure weights on a book value basis?

(b) What are XYZ’s capital structure weights on a market value basis?

(c) Suppose the company’s stock has a beta of 1.5. The risk-free rate is 5% and the market

risk premium is 8%. What is the company’sWACC if the tax rate is 30%?

In: Finance

Sum all the elements in the two-dimensional array below. Print the // result to the console....

Sum all the elements in the two-dimensional array below. Print the
// result to the console.

var arr = [[1, 2, 3],
[4, 5, 6],
[7, 8, 9]]

javascript

In: Computer Science

G.P., a 66-year-old, right-handed white man, seeks treatment for swelling and decreased range of motion in...

G.P., a 66-year-old, right-handed white man, seeks treatment for swelling and decreased range of motion in the right knee. He tells you he retired at age 65 after 40 years of assembly-line work. He reports that his physical activity has decreased and his weight has increased 20 pounds since retiring. His hobbies include woodworking and playing cards and playing with his two grandchildren. He denies tobacco use and alcohol use. Although he describes several years of joint pain that gradually worsened, his activities were not limited until approximately 6 months ago, when he noted an insidious onset of swelling in the right knee. Over the years, he has sporadically taken acetaminophen, aspirin, and ibuprofen to control the pain. He reports that none of the drugs provided better relief than the others. His medical history is remarkable for hypertension and three episodes of gout. Diagnosis: Osteoarthritis 1. List specific goals of treatment for G.P. 2. What drug therapy would you prescribe, and why? 3. What are the parameters for monitoring success of the therapy? 4. Discuss specific patient education based on the prescribed therapy. 5. List one or two adverse reactions for the selected agent that would cause you to change therapy. 6. What would be the choice for second-line therapy? 7. What over-the-counter and/or alternative medications would be appropriate for G.P.? 8. What lifestyle changes should be recommended for G.P.? 9. Describe one or two drug–drug or drug–food interactions for the selected agent.

In: Nursing

A Carnot's engine has a low temperature reservoir at 7 °C with efficiency of 40%. It...

A Carnot's engine has a low temperature reservoir at 7 °C with efficiency of 40%. It is desired to increase the efficiency to 50%. By how many degrees should the temperature of the high temperature reservoir be increased?   

In: Physics

15)   Wolf society, packs, and ecology have been studied extensively at different locations throughout the world....

15)   Wolf society, packs, and ecology have been studied extensively at different locations throughout the world. Sex ratios for 7 study sites in Northern Europe are shown below.

Site No.

% Males (Winter)

%Males (Summer)

1

71

54

2

48

51

3

89

72

4

57

46

5

62

55

6

50

49

7

58

44

It is hypothesized that in winter "loner" males (not present in summer packs) join the pack to increase survival rate. Use a 5% level of significance to test the claim that the average percentage of males in a wolf pack is higher in winter.

       H0 : µd=0;   H1 : µd>0      

In: Statistics and Probability