Questions
Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has...

Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has been a long-simmering dispute between the company’s estimator and the work supervisors. The on-site supervisors claim that the estimators do not adequately distinguish between routine work, such as removal of asbestos insulation around heating pipes in older homes, and nonroutine work, such as removing asbestos-contaminated ceiling plaster in industrial buildings. The on-site supervisors believe that nonroutine work is far more expensive than routine work and should bear higher customer charges. The estimator sums up his position in this way: “My job is to measure the area to be cleared of asbestos. As directed by top management, I simply multiply the square footage by $2.80 to determine the bid price. Since our average cost is only $2.585 per square foot, that leaves enough cushion to take care of the additional costs of nonroutine work that shows up. Besides, it is difficult to know what is routine or not routine until you actually start tearing things apart.”

To shed light on this controversy, the company initiated an activity-based costing study of all of its costs. Data from the activity-based costing system follow:

Activity Cost Pool Activity Measure Total Activity
Removing asbestos Thousands of square feet 850 thousand square feet
Estimating and job setup Number of jobs 400 jobs
Working on nonroutine jobs Number of nonroutine jobs 100 nonroutine jobs
Other (organization-sustaining costs and idle capacity costs) None
Note: The 100 nonroutine jobs are included in the total of 400 jobs. Both nonroutine jobs and routine jobs require estimating and setup.
Costs for the Year
Wages and salaries $ 400,000
Disposal fees 791,000
Equipment depreciation 96,000
On-site supplies 60,000
Office expenses 300,000
Licensing and insurance 500,000
Total cost $ 2,147,000
Distribution of Resource Consumption Across Activities
Removing Asbestos Estimating and Job Setup Working on Nonroutine Jobs Other Total
Wages and salaries 60 % 10 % 20 % 10 % 100 %
Disposal fees 60 % 0 % 40 % 0 % 100 %
Equipment depreciation 40 % 5 % 25 % 30 % 100 %
On-site supplies 60 % 25 % 15 % 0 % 100 %
Office expenses 10 % 35 % 25 % 30 % 100 %
Licensing and insurance 30 % 0 % 50 % 20 % 100 %

Required:

1. Perform the first-stage allocation of costs to the activity cost pools.

2. Compute the activity rates for the activity cost pools.

3. Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity-based costing system.

a. A routine 1,000-square-foot asbestos removal job.

b. A routine 2,000-square-foot asbestos removal job.

c. A nonroutine 2,000-square-foot asbestos removal job.

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

  • Req 1

Perform the first-stage allocation of costs to the activity cost pools.

Removing asbestos Estimating and Job Setup Working on Nonroutine Jobs Other Total
Wages and salaries $0
Disposal fees 0
Equipment depreciation 0
On-site supplies 0
Office expenses 0
Licensing and insurance 0
Total cost $0 $0 $0 $0 $0

Req 2

Compute the activity rates for the activity cost pools.

Activity Cost Pool Activity Rate
Removing asbestos per thousand square feet
Estimating and job setup per job
Working on nonroutine jobs    per nonroutine job

Req 3A to 3C

Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity-based costing system. (Round the "Average Cost per thousand square feet" to 2 decimal places.)

a. A routine 1,000-square-foot asbestos removal job.
b. A routine 2,000-square-foot asbestos removal job.
c. A nonroutine 2,000-square-foot asbestos removal job.

Show less

Routine 1,000 sq. ft. job Routine 2,000 sq. ft. job Nonroutine 2,000 sq. ft. job
Total cost of the job
Average Cost per thousand square feet

In: Accounting

The following data was collected to explore how the number of square feet in a house,...

The following data was collected to explore how the number of square feet in a house, the number of bedrooms, and the age of the house affect the selling price of the house. The dependent variable is the selling price of the house, the first independent variable (x1x1) is the square footage, the second independent variable (x2x2) is the number of bedrooms, and the third independent variable (x3x3) is the age of the house.

Square Feet   Number of Bedrooms   Age   Selling Price
2750 5 14 296600
2696 5 11 294400
2523 4 7 281400
2057    4 7 240600
1797 4 5 208600

Step 1 of 2 :  Find the p-value for the regression equation that fits the given data. Round your answer to four decimal places.

In: Statistics and Probability

1. Calculate the current yield (show work)? 2. What is the "dirty price" when adding accrued...

1. Calculate the current yield (show work)?

2. What is the "dirty price" when adding accrued interest to the "clean price"?

3. Assuming 182 days in six month period, 365 days per year estimate YTM using iterative method?

4. Draw Cash flow Diagram

Please show work with this homework

Price 170
Coupon% 4
Maturity Date 20 Jan 2019
Yield to Maturity%
Current Yield %
Fitch Ratings: AAA
Coupon Payment Frequency Semi-Annual
First Coupon Date 20 Jan 2009
Offering Info
Quanitiy Available 300
Minimum Trade Quanity 150
Dated Date 20 Jan 2009
Settlement Date 15 Feb 2012

In: Accounting

a. Assuming that the expectations hypothesis is valid, compute the price of the four-year bond shown...

a. Assuming that the expectations hypothesis is valid, compute the price of the four-year bond shown below at the end of (i) the first year; (ii) the second year; (iii) the third year; (iv) the fourth year. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Beginning of year Price of Bond Expected Price
1 978.43
2 924.97
3 840.12
4 784.39

b. What is the rate of return of the bond in years 1, 2, 3, and 4? Conclude that the expected return equals the forward rate for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Beginning of year Expected rate of Return
1 %
2 %
3 %
4 %

In: Finance

Consider the following linear programming problem Maximize 6x1 + 4x2 + 5x3 Subject to: 2x1 +...

Consider the following linear programming problem

Maximize 6x1 + 4x2 + 5x3

Subject to:

2x1 + 3x2 + x3 ≥ 30

2x1 + x2 + x3 ≤ 50

4x1 + 2x2 + 3x3 ≤ 120

x1, x2, x3 ≥ 0

a) Find the optimal solution by using simplex method

b) Find the dual price for the first constraint.

c) Find the dual price for the second constraint.

d) Find the dual price for the third constraint.

e) Suppose the right-hand side of the third constraint is increased from 120 to 125. Find the new optimal

solution and its value.

f) Suppose the right-hand side of the third constraint is decreased from 120 to 110. Find the new optimal

solution and its value.

In: Operations Management

With celebrity​ bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of...

With celebrity​ bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of the music are used to pay interest and principal on the bonds. In April of​ 2009, EMI announced that it intended to securitize its back catalogue with the help of the Bank of Scotland. The bond was issued with a coupon rate of 6.7​% and will mature on this day 38 years from now. The yield on the bond issue is currently 6.4%. At what price should this bond trade​ today, assuming a face value of $1,000 and annual​ coupons?

What is the percentage change in price for a zero coupon bond if the yield changes from 6.5​% to 8.5​%? The bond has a face value of $1,000 and it matures in 8 years. Use the price determined from the first​ yield, 6.5%, as the base in the percentage calculation.

In: Finance

Evaluate the effect of each shock below using first the classical model and second the Keynesian...

Evaluate the effect of each shock below using first the classical model and second the Keynesian model. For the Classical model, include graphs of the goods market, the labor market, and the money market. For the Keynesian model, include an IS-LM-FE graph, an Aggregate Supply – Aggregate Demand graph, and a graph of labor market equilibrium with efficiency wages. For the Keynesian model, include short-run effects, while the price is constant, and long run effects after the price has fully adjusted.

  1. There is a permanent increase in the money supply.
  2. There is an increase in expected future productivity (the z in the production function).
  3. There is an increase in government spending financed by an increase in expected future taxes.
  4. There is an increase in the price of oil which reduces total factor productivity (z).

In: Economics

Calculate the concentration of the standardized thiosulfate solution. The following are the steps and the concentration...

Calculate the concentration of the standardized thiosulfate solution.

The following are the steps and the concentration of my KIO3 was 0.0114 and the weighed mass of Na2S2O3 was 1.719 g

Weigh about 1.7 g Na2S2O3  5H2O, and transfer it to a 4 oz glass storage bottle. Add 100 mL (graduated cylinder) of room-temperature DI water, which has beenbubbled extensively with nitrogen, and which contains 100 mg /liter Na2CO3. Mix

thoroughly and add 1 drop of chloroform to prevent bacterial growth.

2) For the standardization, pipet 5 mL of the KIO3 solution into each of three 125 mL Erlenmeyer flasks.  From this point treat each flask separately until the titration isfinished.  Make the calculation to estimate your approximate endpoint volume.

3) Add 0.5 g of solid KI and 2.5 mL of 0.5 M H2SO4 to the first flask, and immediately

begin titrating with the Na2S2O3 solution.

THE VOLUME OF THIOSULFATE USED UP WAS 5.09 mL

In: Chemistry

A box contains 500 envelopes, of which 75 contain $100 in cash, 150 contain $25, and...

A box contains 500 envelopes, of which 75 contain $100 in cash, 150 contain $25, and 275 contain $10. An envelope may be purchased for $25. What is the sample space for the different amounts of money? Assign probabilities to the sample points and then find the probability that the first envelope purchased contains less than $100.


Question 2
Suppose that in a senior college class of 500 students it is found that 210 smoke, 258 drink alcoholic beverages, 216 eat between meals, 122 smoke and drink alcoholic beverages, 83 eat between meals and drink alcoholic beverages, 97 smoke and eat between meals, and 52 engage in all three of these bad health practices.
If a member of this senior class is selected at random, find the probability that the student
(a) smokes but does not drink alcoholic beverages;
(b) eats between meals and drinks alcoholic beverages but does not smoke;
(c) neither smokes nor eats between meals.

In: Statistics and Probability

Velocity Racing School is a company that trains people to drive their sports cars on a...

Velocity Racing School is a company that trains people to drive their sports cars on a track. They are under contract with Thunderhill Raceway to train drivers on that track. They are paid $500 per student, and at the end of the month, they receive an additional $100 per student if 80% or more of the students rate the instructors as ‘excellent’. They are paid on the 10th of the following month. They make adjusting entries both mid and end of month. For the month of July, they worked with 100 students in the first 15 days, and by the way things were going, they felt that 40% of the students would rate them as excellent. During the latter half of the month, they worked with another 200 students, but by the end of the month, they felt that 90% of the students would rate them as excellent. When it was time to be paid on the 10th of the following month, it turns out that 70% of the students had rated them as excellent. Velocity uses expected value for variable consideration. How much revenue did they book on the 15th? On the 31st? On the 10thof the following month?

In: Accounting