Natraj Company uses the weighted-average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of November.

All materials are added at the beginning of the process.

Compute the following items using the weighted-average method:

• The equivalent units of production for materials.
• The cost per equivalent unit for conversion.
• The total cost assigned to units transferred out of the curing department during November.
• The cost assigned to work-in-process inventory as of November 30.

Reunion Enterprises is considering a new video streaming device for homes. The analyst has collected some information about the product design summarized as follows.

The marketing group at Reunion believes this product can be a success if sold at a price of $153.40 per unit. Reunion desires an operating margin (as a percentage of costs) of 30 percent on products of this type.

Required:

a. Will Reunion achieve its target operating margin based on these product characteristics?

b. A product engineer suggests that they are still uncertain about the direct labor costs. By how much would direct labor cost have to fall or by how much could they increase per unit such that the desired operating margin would be met exactly?

Question 5.2 As part of the planning for Ciderman (introduced in topic 4), the following information has been estimated:

Units produced and sold 2500 units

Estimated revenue $3,500,000

Estimated mark-up on full cost 15%

Desired rate of return on investment 17%

Estimated variable cost per unit $550

1. Calculate the following items: a. Full cost of production per unit b. Selling price per unit c. Percentage mark-up on variable cost d. Total fixed costs

2. The Karmichaels' have consulted with their management accountant and the its is estimated that increasing the annual advertising spend for the first year by another $250,000 could result in an increase in the number of units by 12%. Make a recommendation regarding whether this additional investment should be done (show any calculations to support your recommendation).

Furniture Depot orders a certain brand of mattress from its supplier and sells the mattresses at its retail location. The store currently orders 40 mattresses whenever the inventory level drops to 20. The cost to hold 1 mattress in inventory for one day is $0.75. The cost cost to place an order with the supplier is $80, and inventory is 30 mattresses. The daily demand probabilities are shown in the following table:

Daily Demand Probability

2 0.08

3 0.14

4 0.20

5 0.26

6 0.22

7 0.10

Lead time is decrete uniformly distributed between two and five days (both inclusive). Simulate this inventory policy for a quarter (90 days) and calculate the total quarterly cost. Also calculate the percentage of stockouts for the quarter. Replicate these calculations N times each to calculate the average values for these measures.

A drug made by a pharmaceutical company comes in tablet form. Each tablet is branded as containing 105 mg of the particular active chemical. However, variation in manufacturing results in the actual amount of the active chemical in each tablet following a normal distribution with mean 105 mg and standard deviation 2.060 mg.

a)Calculate the percentage of tablets that will contain less than 104 mg of the active chemical. Give your answer as a percentage to 2 decimal places.

Percentage = %

b)Suppose samples of 11 randomly selected tablets are taken and the amount of active chemical measured. Calculate the percentage of samples that will have a sample mean of less than 104 mg of the active chemical. Give your answer as a percentage to 2 decimal places.

Percentage = %

A drug made by a pharmaceutical company comes in tablet form. Each tablet is branded as containing 95 mg of the particular active chemical. However, variation in manufacturing results in the actual amount of the active chemical in each tablet following a normal distribution with mean 95 mg and standard deviation 2.012 mg.

a)Calculate the percentage of tablets that will contain less than 94 mg of the active chemical. Give your answer as a percentage to 2 decimal places.

Percentage = %

b)Suppose samples of 14 randomly selected tablets are taken and the amount of active chemical measured. Calculate the percentage of samples that will have a sample mean of less than 94 mg of the active chemical. Give your answer as a percentage to 2 decimal places.

Percentage = %

1. If you were a campaign worker and wanted to estimate the percentage of eligible voters who recognize your candidate’s name, how many people should you survey? Assume that you want to be 90% confident that the sample percentage is in error by no more than two percentage points. First, what formula or test would you use to determine that number?

   	A.	1-PropZTest
   	B.
   	C.
   	D.

QUESTION 16

1. If you were a campaign worker and wanted to estimate the percentage of eligible voters who recognize your candidate’s name, how many people should you survey? Assume that you want to be 90% confident that the sample percentage is in error by no more than two percentage points. Calculate that number.

The graph illustrates a normal distribution for the prices paid for a particular model of HD television. The mean price paid is $1600 and the standard deviation is $140.
1180 1320 1460 1600 1740 1880 2020


Use the 68-95-99.7 Rule to answer the following questions.

What is the approximate percentage of buyers who paid more than $2020?
%

What is the approximate percentage of buyers who paid more than $1880?
%

What is the approximate percentage of buyers who paid between $1460 and $1740?
%

What is the approximate percentage of buyers who paid between $1460 and $1600?
%

What is the approximate percentage of buyers who paid between $1600 and $2020?
%

What is the approximate percentage of buyers who paid between $1600 and $1880?

QUESTION 7 Consider a 15 percent increase in the price of a box of 50 of mailing envelopes and a 15 percent increase in the price of designer leather goods. In response to the price changes, which of the following is most likely to be true?

The percentage change in the quantity demanded for designer leather goods will be larger than the percentage change in the quantity demanded for a box of 50 of mailing envelopes.

The percentage change in the quantity demanded of designer leather goods will be approximately equal to the percentage change in the quantity demanded of a box of 50 mailing envelopes.

The percentage change in the quantity demanded for a box of 50 of mailing envelopes will be larger than the percentage change in the quantity demanded for designer leather goods.

The total revenue from designer leather goods will not change.

using excel functions

1. Sunshine Music Shop bought a stereo for $800 and marked it up 30% on selling price. To promote customer interest, Sunshine marked the stereo down 10% for 1 week. Since busi- ness was slow, Sunshine marked the stereo down an additional 5%. After a week, Sunshine marked the stereo up 2%. What is the new selling price of the stereo to the near- est cent? What is the markdown percent based on the original selling price to the nearest hundredth percent?

2. Alvin Rose owns a fruit and vegetable stand. He knows that he cannot sell all his produce at full price. Some of his produce will be markdowns, and he will throw out some produce. Alvin must put a high enough price on the produce to cover markdowns and rotted produce and still make his desired profit. Alvin bought 500 pounds of tomatoes at 16 cents per pound. He expects a 10% spoilage and marks up tomatoes 55% on cost. What price per pound should Alvin charge for the tomatoes?

3. Angel Company produces car radios. Given the following, calculate (1) the contribution margin (CM) and (2) the breakeven point (BE) for Angel Company.

   Fixed cost (FC) $96,000 Selling price (S) per radio $240 Variable cost (VC) per radio $80