A company packages pretzels into individual bags, each having an advertised mean weight of 454.0 g. A quality control engineer takes regular samples and test them. From experience, the engineer can expect a population standard deviation of 7.8 g when the machinery is operating correctly. During one such test, a random sample of 25 bag shows the mean weight to be 450.0 g. Is there a problem with the equipment at the 5% level of confidence? What would be the maximum deviation between the sample mean weight and the target weight for the machinery to be within specification?

hello I am in a Experimental Measuers class which is similar to statistics and probability and need help with the above question.

An engineering company which uses job costing to attribute costs to individual products and services provided to its customers has began the preparation of its fixed production overhead cost budget for 2017.

Cost has been identified as follows:

Machining Assembly Finishing Stores Maintenance

K’000 K’000 K’000 K’000 K’000

Apportioned cost 6,000 2,500 1,500 1,000 800

The stores and maintenance departments are production department and provide services as follows:

Machining Assembly Finishing Stores Maintenance Stores 40% 30% 20% - 10%

Maintenance 55% 20% 20% 5% - T

he number of machine and labour hours budgeted for 2018 is:

Machining Assembly Finishing

Machine 50,000 4,000 5,000

Labour hours 10,000 30,000 20,000

Required: (a) Calculate appropriate overhead absorption rates for each production department for 2017.

(b) Prepare a quotation for job K34 to be commenced early in 2017 assuming it has:

Direct materials Costing K24,000

Direct labour Costing K15,000

And requires:

Machine Labour

Machining department 45 10

Asembly 5 15

Finishing department 4 12

Add that profit is 20% of selling price

Norland-Norge AS produces corporate notebooks. Each notebook is designed for an individual customer. The company s operating budget for September 2008 included these data: Number of notebooks........................................ 15000 Selling price per book........................................ NKr 20 Variable costs per book........................................ NKr 8 Total fixed costs for the month NKr......................... 145000 The actual results for September 2008 were: Number of notebooks produced and sold.................... 12 000 Average selling price per book................................. NKr 21 Variable costs per book.......................................... NKr 7 Total fixed costs for the month NKr........................... 150000 The managing director of the company observed that the operating profit for September was much less than anticipated, despite a higher-than-budgeted selling price and a lowerthan- budgeted variable cost per unit. You have been asked to provide explanations for the disappointing September results. Norland-Norge develops its flexible budget on the basis of budgeted revenue per output unit and variable costs per output without a detailed analysis of budgeted inputs.

Required 1. Prepare a Level 1 analysis of the September performance.

2. Prepare a Level 2 analysis of the September performance.

3. Why might Norland-Norge find the Level 2 analysis more informative than the Level 1

John’s Custom Computer Shop (JCCS) assembles computers for both individual and corporate customers. The company is organized into two divisions: Personal and Business. Once a computer is built, it is shipped to the customer. Billing for all customers is handled by the corporate Accounts Receivable Department. Accounts Receivable performs two major activities: billing and dispute resolution. Billing refers to preparing and sending the bills as well as processing the payments. Dispute resolution occurs when a customer refuses to pay, usually due to an error in billing.

The costs of the Accounts Receivable Department are allocated to the two divisions based on the number of bills prepared. Kyle, the manager of the Business division, has complained that the allocated costs from Accounts Receivable are beginning to make the business division look unprofitable and has asked you to recommend some changes to the allocation system. If he agrees with your recommendation, he will pass them on to the chief financial officer.

Data on costs and activities in the Accounts Receivable Department follow.

The Accounts Receivable Department incurred the following costs during the year.

Required:

a. Under the current allocation system, what is the cost that will be allocated from Accounts Receivable to Personal? To Business?

b. Suppose the company implements an activity-based cost system for Accounts Receivable with two activities, billing and dispute resolution. What is the cost that will be allocated from Accounts Receivable to Personal? To Business? Use the number of bills prepared as the cost driver for billing costs and the number of disputes for dispute resolution costs.

Under the current allocation system, what is the cost that will be allocated from Accounts Receivable to Personal? To Business? (Do not round intermediate calculations.)

Suppose the company implements an activity-based cost system for Accounts Receivable with two activities, billing and dispute resolution. What is the cost that will be allocated from Accounts Receivable to Personal? To Business? Use the number of bills prepared as the cost driver for billing costs and the number of disputes for dispute resolution costs.

Jan rents cars and small vans to individual and business customers. The company has twelve branches located in large towns spread across Jan’s home country.

Each of Jan’s branches has its own computer network which stores details of all vehicles located at the branch, advanced bookings and current rentals. The only paper records held at branches are the signed rental agreements. Everything else is held electronically. Each branch has several PCs that are linked to a branch server where all of the files are stored. The files on each branch server are backed up to the head office computer system after the close of business every evening.

Customers can book rentals in advance by telephoning their local branch or by logging onto the branch web page. Customers details are initially collected on the branch network but all details including verification of identity and driver’s licence are checked when the customer collects the car. Details of the vehicle, including any dents or scrapes on the bodywork or minor mechanical defects, are printed on the rental agreement form and the member of staff and the customer check the vehicle together before the customer signs the agreement.

The branch network keeps track of all vehicles that are supposed to be returned each day. If a vehicle is overdue without good reason then the police are informed that the vehicle has been stolen.

All returned vehicles are checked for damage that was not listed on the rental agreement. Customers have to pay for any damage that occurred while the vehicle was in their possession.

The manager in charge of Jan’s information systems (IS) at the company’s head office has been asked to investigate two potential problems that occurred at the South town branch. A member of the IS team visited the branch in order to carry out some routine maintenance and discovered the following:

• The Branch Manager had a notebook computer plugged into the branch network. The manager explained that the notebook computer was his own personal property. 3 He found it useful to copy branch files so that he could work on writing his monthly management reports at home.

• One of the PCs in the branch was not the standard model used throughout Jan’s. The branch manager explained that there were never sufficient PCs in the branch and so he had used part of the branch equipment budget to purchase an inexpensive PC from a local computer store. The inexpensive PC came equipped with the latest version of a standard operating system. The PCs communicate with the branch network using a specially written program. The branch staff loaded a copy of that program from a CD that had been left behind by a member of the head office IS team during an earlier visit.

Jan’s system uses an older version of the standard operating system and the branch network software installed on the PC was not the latest version, although the Branch Manager insisted that the PC worked perfectly. It has also been useful because the other PCs in the branch were not fitted with optical drives (i.e. they cannot read CDs or DVDs) and he has found it useful to be able to use this machine to install software to other machines over the branch network in order to enhance efficiency.

Required (Please note that the answer should be detailed)

(a) Advise the branch manager on the importance of adequate information systems (IS) for Jan’s.

Your answer to part (a) should NOT discuss the specific matters identified by the member of the IS team during the branch visit.

(b) Evaluate the control implications of each of the matters discovered by the member of the IS team.

An engineering company which uses job costing to attribute costs to individual products and services provided to its customers has began the preparation of its fixed production overhead cost budget for 2017. Cost has been identified as follows:

Machining Assembly Finishing Stores Maintenance

K’000 K’000 K’000 K’000 K’000

Apportioned cost 6,000 2,500 1,500 1,000 800

The stores and maintenance departments are production department and provide services as follows:

Machining Assembly Finishing Stores Maintenance

Stores 40% 30% 20% - 10%

Maintenance 55% 20% 20% 5% -

The number of machine and labour hours budgeted for 2018 is:

Machining Assembly Finishing

Machine 50,000 4,000 5,000

Labour hours 10,000 30,000 20,000

Required:

(a) Calculate appropriate overhead absorption rates for each production department for 2017.

(b) Prepare a quotation for job K34 to be commenced early in 2017 assuming it has:

Direct materials Costing K24,000

Direct labour Costing K15,000

And requires:

Machine Labour

Machining department 45 10

Asembly 5 15

Finishing department 4 12

Add that profit is 20% of selling price

Sheridan Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below.

Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above.

Ayayai Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item D Item E Item F Item G Item H Item I Estimated selling price $128 $118 $102 $96 $118 $96 Cost 80 86 86 86 54 39 Cost to complete 32 32 27 37 32 32 Selling costs 11 19 11 21 11 21 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017, for each of the inventory items above. Item D $ Item E $ Item F $ Item G $ Item H $ Item I $

John’s Custom Computer Shop (JCCS) assembles computers for both individual and corporate customers. The company is organized into two divisions: Personal and Business. Once a computer is built, it is shipped to the customer. Billing for all customers is handled by the corporate Accounts Receivable Department. Accounts Receivable performs two major activities: billing and dispute resolution. Billing refers to preparing and sending the bills as well as processing the payments. Dispute resolution occurs when a customer refuses to pay, usually due to an error in billing. The costs of the Accounts Receivable Department are allocated to the two divisions based on the number of bills prepared. Kyle, the manager of the business division, has complained that the allocated costs from Accounts Receivable are beginning to make the business division look unprofitable and has asked you to recommend some changes to the allocation system. If he agrees with your recommendation, he will pass them on to the chief financial officer. Data on costs and activities in the Accounts Receivable Department follow:

Data on costs and activities in the Accounts Receivable Department follow:

he Accounts Receivable department incurred the following costs during the year:

Suppose the company implements an activity-based cost system for Accounts Receivable with two activities, billing and dispute resolution. What is the cost that will be allocated from Accounts Receivable to Personal? To Business? Use the number of bills prepared as the cost driver for billing costs and the number of disputes for dispute resolution costs.

John’s Custom Computer Shop (JCCS) assembles computers for both individual and corporate customers. The company is organized into two divisions: Personal and Business. Once a computer is built, it is shipped to the customer. Billing for all customers is handled by the corporate Accounts Receivable Department. Accounts Receivable performs two major activities: billing and dispute resolution. Billing refers to preparing and sending the bills as well as processing the payments. Dispute resolution occurs when a customer refuses to pay, usually due to an error in billing.

The costs of the Accounts Receivable Department are allocated to the two divisions based on the number of bills prepared. Kyle, the manager of the Business division, has complained that the allocated costs from Accounts Receivable are beginning to make the business division look unprofitable and has asked you to recommend some changes to the allocation system. If he agrees with your recommendation, he will pass them on to the chief financial officer.

Data on costs and activities in the Accounts Receivable Department follow.

The Accounts Receivable Department incurred the following costs during the year.

Under the current allocation system, what is the cost that will be allocated from Accounts Receivable to Personal? To Business?

a.

b. Suppose the company implements an activity-based cost system for Accounts Receivable with two activities, billing and dispute resolution. What is the cost that will be allocated from Accounts Receivable to Personal? To Business? Use the number of bills prepared as the cost driver for billing costs and the number of disputes for dispute resolution costs.