Explain the use of certain calcium compounds in the construction industry as mortar and plaster of paris. Make sure you name the corresponding minerals that these two products are based on
In: Chemistry
How can we use game theory to improve strategic decision-making? How can we use game theory in the construction and/or design of a strategy?
In: Finance
In: Civil Engineering
In: Civil Engineering
seasonal changes in labour demand occur in industries like construction , tourism, catering and agriculture. explain how.
(need 500-600 words with figure if possible)
In: Economics
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:
| Direct labor-hours required to support estimated production | 140,000 | |
| Machine-hours required to support estimated production | 70,000 | |
| Fixed manufacturing overhead cost | $ | 784,000 |
| Variable manufacturing overhead cost per direct labor-hour | $ | 2.00 |
| Variable manufacturing overhead cost per machine-hour | $ | 4.00 |
During the year, Job 550 was started and completed. The following information is available with respect to this job:
| Direct materials | $ | 175 |
| Direct labor cost | $ | 225 |
| Direct labor-hours | 15 | |
| Machine-hours | 5 | |
Required:
1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost of Job 550.
c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
2. Assume that Landen’s controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost of Job 550.
c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
(Round your intermediate calculations to 2 decimal places. Round your "Predetermined Overhead Rate" answers to 2 decimal places and all other answers to the nearest whole dollar.)
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In: Accounting
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:
| Direct labor-hours required to support estimated production | 110,000 | |
| Machine-hours required to support estimated production | 55,000 | |
| Fixed manufacturing overhead cost | $ | 308,000 |
| Variable manufacturing overhead cost per direct labor-hour | $ | 3.20 |
| Variable manufacturing overhead cost per machine-hour | $ | 6.40 |
During the year, Job 550 was started and completed. The following information is available with respect to this job:
| Direct materials | $ | 187 |
| Direct labor cost | $ | 370 |
| Direct labor-hours | 15 | |
| Machine-hours | 5 | |
Required:
1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost of Job 550.
c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
2. Assume that Landen’s controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost of Job 550.
c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
(Round your intermediate calculations to 2 decimal places. Round your Predetermined Overhead Rate answers to 2 decimal places and all other answers to the nearest whole dollar.)
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In: Accounting
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:
| Direct labor-hours required to support estimated production | 95,000 | |
| Machine-hours required to support estimated production | 47,500 | |
| Fixed manufacturing overhead cost | $ | 266,000 |
| Variable manufacturing overhead cost per direct labor-hour | $ | 2.60 |
| Variable manufacturing overhead cost per machine-hour | $ | 5.20 |
During the year, Job 550 was started and completed. The following information is available with respect to this job:
| Direct materials | $ | 273 |
| Direct labor cost | $ | 237 |
| Direct labor-hours | 15 | |
| Machine-hours | 5 | |
Required:
1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost of Job 550.
c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
2. Assume that Landen’s controller believes that machine-hours is a better allocation base than direct labor-hours. Under this approach:
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost of Job 550.
c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550?
(Round your intermediate calculations to 2 decimal places. Round your Predetermined Overhead Rate answers to 2 decimal places and all other answers to the nearest whole dollar.)
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In: Accounting
E13-1 Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, LO 13-3, LO 13-5]
The average price of a gallon of gas in 2015 dropped $0.94 (28
percent) from $3.34 in 2014 (to $2.40 in 2015).
Required:
1. Conduct a horizontal analysis by calculating the
year-over-year changes in each line item, expressed in dollars and
in percentages for the income statement of Insignia Corporation for
the year ended December 31, 2015 (amounts in billions).
2-a. Conduct a vertical analysis by expressing each line as a
percentage of total revenues.
2-b. Excluding income tax and other operating costs, did Insignia
earn more profit per dollar of revenue in 2015 compared to
2014?
REQ 1:
Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (i.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.)
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REQ 1A:
Conduct a vertical analysis by expressing each line as a percentage of total revenues. (Round percentage values to 1 decimal place.)
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REQ 2:
Excluding income tax and other operating costs, did Insignia Corporation earn more profit per dollar of revenue in 2015 compared to 2014?
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In: Accounting
1) Baltimore Furniture Inc. owns two factories, each of which produces three types of tables – the deluxe, medium and the standard. The company has a contract to supply tables to a newly built hotel in downtown Washington DC comprising of at least 12 deluxe tables, 8 medium tables and 24 standard tables. Each factory produces a certain number of tables during each hour it operates. Factory 1 produces 6 deluxe tables and 2 medium tables. Factory 2 produces 2 deluxe tables, 2 medium tables and 12 standard tables. It costs Baltimore Inc. $150 per hour to produce each table in factory 1 and it costs $120 per hour to produce each table from factory 2. The Company wants to determine the number of hours it needs to operate each factory so that it could meet up with its contract at the lowest cost. Hints: You are required to minimize cost assuming that factory 1 = X and factory 2 = Y.
a. Formulate a linear programming model for this problem. (15 points)
b. Represent this problem on a graph using the attached graph paper. Show the feasible region. (10 points)
c. Solve this model by using graphical analysis showing the optimal solution and the rest of the corner points as well as the costs.
In: Statistics and Probability