This is a discussion on the global effect of international trade
You cannot see other posts until you have made one.
In: Operations Management
In: Nursing
Low concentrations of methylmercury near the detection limit gave the dimensionless instrument readings: 208.1 , 176.5 , 165.1 , 177.1 , 222.1 , 162.9 , 225.9 , 204.5 , 137.5 , and 208.3 . Ten blanks had a mean reading of 41.9 . The slope of the calibration curve is 1.45 × 10 9 M − 1 . Estimate the signal and concentration detection limits and the lower limit of quantitation for methylmercury.
In: Chemistry
Suppose you are the manager of a firm producing soap. In the long-run, you are deciding from which of the following three production processes to choose your production method. Your wish, in order to maximize profits, is to choose the most economically efficient method of production that produces 100 units of soap per day.
| Method | Units of Labor | Units of Capital | Labor Cost | Capital Cost |
| Capital Intensive | 1 worker | 5 machines | ||
| Even Split | 3 workers | 3 machines | ||
| Labor Intensive | 6 workers | 1 machine |
If the cost of hiring labor is $50 per worker and the cost of using capital equipment is $60 per machine, fill in the total labor cost and total capital cost in the above table.
Remembering the concept of average total cost from Chapter 5, which production method yields the lowest per unit cost of output, and hence, the economically efficient method of production for 100 units of soap?
In: Economics
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 121.00 | $ | 86.00 | ||
| Direct materials per unit | $ | 65.30 | $ | 52.00 | ||
| Direct labor per unit | $ | 13.50 | $ | 9.00 | ||
| Direct labor-hours per unit | 1.5 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 31,000 | units | 65,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,230,000 | ||
| Estimated total direct labor-hours | 111,500 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 724,750 | 46,500 | 65,000 | 111,500 | |
| Batch setups (setups) | 975,000 | 420 | 330 | 750 | ||
| Product sustaining (number of products) | 470,000 | 1 | 1 | 2 | ||
| Other | 60,250 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,230,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 121.00 | $ | 86.00 | ||
| Direct materials per unit | $ | 65.30 | $ | 52.00 | ||
| Direct labor per unit | $ | 13.50 | $ | 9.00 | ||
| Direct labor-hours per unit | 1.5 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 31,000 | units | 65,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,230,000 | ||
| Estimated total direct labor-hours | 111,500 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 724,750 | 46,500 | 65,000 | 111,500 | |
| Batch setups (setups) | 975,000 | 420 | 330 | 750 | ||
| Product sustaining (number of products) | 470,000 | 1 | 1 | 2 | ||
| Other | 60,250 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,230,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In: Accounting
Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and spooled onto reels. The company uses the weighted-average method in its process costing system. Data for March for the Drying Department follow:
| Percent Completed | ||||||
| Units | Pulping | Conversion | ||||
| Work in process inventory, March 1 | 3,500 | 100 | % | 80 | % | |
| Work in process inventory, March 31 | 5,500 | 100 | % | 70 | % | |
| Pulping cost in work in process inventory, March 1 | $ | 1,645 | ||||
| Conversion cost in work in process inventory, March 1 | $ | 1,050 | ||||
| Units transferred to the next production department | 154,900 | |||||
| Pulping cost added during March | $ | 78,555 | ||||
| Conversion cost added during March | $ | 52,925 | ||||
No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department.
Required:
1. Compute the Drying Department's equivalent units of production for pulping and conversion in March.
2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March.
3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March.
4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March.
5. Prepare a cost reconciliation report for the Drying Department for March.
Complete this question by entering your answers in the tabs below.
Prepare a cost reconciliation report for the Drying Department for March. (Round your intermediate calculations to 2 decimal places.)
|
Complete this question by entering your answers in the tabs below.
Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March. (Round your intermediate calculations to 2 decimal places.)
|
||||||||||||||||||||||||||||
| Prepare a cost reconciliation report for the Drying Department for March. (Round your intermediate calculations to 2 decimal places.) |
|
|||||||||||||||||||||||||||
In: Accounting
In: Accounting
Write a program that will calculate the cost of installing fiber optic cable at a cost of .87 per ft for a company. Your program should display the company name and the total cost.
In: Computer Science
PARTS D AND E ONLY PLEASE
Case 4
Natha Corporation manufacturers two types of travel mugs: Simple, and Sophisticated. The company budgets to produce 20,000 units of the Simple mugs and 10,000 units of the Sophisticated mugs. Manufacturing takes place in two production departments: Machining and Assembly. The Simple mugs are produced in batches of 200 units; however, due to the more intricate detail included on the Sophisticated mugs, they are produced in batches of 50 units.
The company’s Controller has asked you to compare the plantwide, departmental, and activity-based cost allocation methods. To assist in your analysis, the Controller has provided you with the budgeted cost information for the 2020 fiscal year.
|
Natha Budgeted Information for the Year Ended December 31, 2020 |
|||
|
Machining Department |
Simple |
Sophisticated |
Total |
|
Direct materials cost |
$90,000.00 |
$52,500.00 |
$142,500.00 |
|
Direct labour cost |
45,000.00 |
30,000.00 |
75,000.00 |
|
Overhead costs |
120,000.00 |
||
|
Machine hours |
12,000 |
18,000 |
30,000 |
|
Direct labour hours |
4,000 |
1,000 |
5,000 |
|
Assembly Department |
Simple |
Sophisticated |
Total |
|
Direct materials cost |
$7,500.00 |
$15,000.00 |
$22,500.00 |
|
Direct labour cost |
22,500.00 |
37,500.00 |
60,000.00 |
|
Overhead costs |
40,000.00 |
||
|
Machine hours |
6,000 |
4,000 |
10,000 |
|
Direct labour hours |
3,500 |
500 |
4,000 |
PART A
PART B
PART C
|
Quantity of Cost Driver |
|||||
|
Activities |
Cost Driver |
Activity Cost |
Simple |
Sophisticated |
Total |
|
Materials handling |
Number of parts |
$45,000.00 |
6,000 |
9,000 |
15,000 |
|
Setups |
Number of setups |
$74,500.00 |
104 |
45 |
149 |
|
Inspection |
Inspection hours |
$40,500.00 |
7,500 |
1,500 |
9,000 |
|
$160,000.00 |
PART D
PART E
In: Accounting
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer:
| Direct material | $ | 2,200,000 | |
| Advertising expense | 97,000 | ||
| Depreciation on factory building | 116,000 | ||
| Direct labor: wages | 465,000 | ||
| Cost of finished goods inventory at year-end | 115,000 | ||
| Indirect labor: wages | 141,000 | ||
| Production supervisor’s salary | 45,000 | ||
| Service department costs* | 100,000 | ||
| Direct labor: fringe benefits | 118,000 | ||
| Indirect labor: fringe benefits | 31,000 | ||
| Fringe benefits for production supervisor | 11,000 | ||
| Total overtime premiums paid | 55,000 | ||
| Cost of idle time: production employees§ | 40,000 | ||
| Administrative costs | 150,000 | ||
| Rental of office space for sales personnel† | 15,000 | ||
| Sales commissions | 4,000 | ||
| Product promotion costs | 10,000 | ||
|
Compute Total Prime costs Total Manufacturing overhead costs Total conversion total product costs total period costs |
|||
In: Accounting