A production plant cost-control engineer is responsible for cost reduction. One of the costly items in his plant is the amount of water used by the production facilities each month. He decided to investigate water usage by collecting seventeen observations on his plant's water usage and other variables.

Variable               Description

Temperature     Average monthly temperate (F)

Production          Amount of production (M pounds)

Days                      Number of plant operating days in the month

Persons                Number of persons on the monthly plant payroll

Water                   Monthly water usage (gallons)

Assume that you want to develop a linear model to predict the amount of “water” based on the monthly “production”.

i. Use the least squares method to estimate the regression coefficients b0 and b1 and state the regression equation.

ii. Which coefficients are statistically significant at the 5% level?

iii. Give the interpretation of the regression coefficients b0 and b1. What is the expected amount of “water”, if the “production” level is equal to 10000? Produce confidence interval for your estimate. Describe your finding in context.

iv. Interpret the value of the R2. Try to improve your model – Show an example

Process Cost Journal Entries

In July, the cost of materials transferred into the Rolling Department from the Casting Department of Oak Ridge Steel Company is $503,300. The conversion cost for the period in the Rolling Department is $114,300 ($65,300 factory overhead applied and $49,000 direct labor). The total cost transferred to Finished Goods for the period was $530,000. The Rolling Department had a beginning inventory of $23,800.

a1. Journalize the cost of transferred-in materials.

a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank.

a3. Journalize the costs transferred out to Finished Goods.

b. Determine the balance of Work in Process—Rolling at the end of the period.
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Cost accounting provides management with accurate information about the cost of manufacturing a product. The type of cost accounting system a business uses depends on the nature of its manufacturing operations.

I Need a research showing the effect of cost accounting in enhancing managerial decisions and the types of cost accounting systems used in the manufacturing companies. with NUMERICAL EXAMPLES

The supplier that has the lower inventory cost will also have the lower total cost. True False

The problem: 5.6

The fixed cost for a group practice is $500,000, Variable cost per procedure is 25 and the charge per procedure is 100. The group predicts to perform 7500 procedures in the year. How would I construct the group's base case projected P&L statement? What is the group's contribution margin? What is the breakeven point (in number of procedures)? What volume is required to provide a pretax profit of $100,000? A pretax profit of $200,000? Sketch out a CVP analysis graph depicting the base case situation. Assuming that the practice contracts with one HMO for all 7500 procedures and the plan proposes a 20 percent discount from charges...How would this affect previous answers under these conditions?

Cost of owning and cost of leasing tables are reproduced below.

Using the appropriate table from the Chapter 12 Appendix, record the present value factor at 10% for each year and compute the present value cost of owning and the present value of leasing. Which alternative is more desirable at this interest rate? Do you think your answer would change if the interest rate were six percent instead of ten percent?

Cost of Owning- Anywhere Clinic - Comparative Present Value

Cost of Leasing- Anywhere Clinic - Comparative Present Value

1. Cost and benefit of requirements to carry contingent capital or similar mechanisms

2. Cost and benefits of limits on size of financial institutions

3. How are foreign exchange rates determined? A simple, short answer is - by demand and supply. But what are the key factors underlying demand and supply?

4. The EMH continues to remain a hotly debated topic for over 50 years. A counter argument to the EMH is the following: If the EMH were true, then how can one explain the tremendous success enjoyed by investors such as Warren Buffett and Peter Lynch?

5. How did the bond market perform in 2016? Was it as expected? Why do you think it performed the way it did? How do you think it will perform in the coming year?

During the last 7 years the US Federal Debt has doubled. Economic theory says that as the demand for funding increases the rate of interest will go up. During this time there has been almost no increase in interest rates.   This then must be cause something has offset the increase in US debt. What would you think that might be?   What has kept interest rates from rising while US debt has risen?

What do you mean by the Cost Accounting?

1. Test Company derived the following cost function for the production of its product.

Cost = $16,000 + $10X, where x is the number of units.

Next month, Test Company expects to produce 4,000 units.

Determine the total cost per unit to produce 4,000 units.

Note: Give your answer using dollar signs and state your answer to the nearest cent.

Example: $12.34 or $12.00

2.

Next month, Test Company expects to produce 4,000 units.

Suppose production is less than expected so that Test Company only produces 3,500 units. Total cost will

3.

Next month, Test Company expects to produce 4,000 units.

Suppose production is less than expected so that Test Company only produces 3,500 units. Total variable cost will

4.

Next month, Test Company expects to produce 4,000 units.

Suppose production is less than expected so that Test Company only produces 3,500 units. Total fixed cost will

5.

Next month, Test Company expects to produce 4,000 units.

Suppose production is less than expected so that Test Company only produces 3,500 units. Variable cost per unit will

6.

Suppose production is less than expected so that Test Company only produces 3,500 units. Fixed cost per unit will

7.

Next month, Test Company expects to produce 4,000 units.

Suppose production is less than expected so that Test Company only produces 3,500 units. Total cost per unit will