Questions
Open Doors, Inc., produces two types of doors, interior and exterior. The company’s simple costing system...

  1. Open Doors, Inc., produces two types of doors, interior and exterior. The company’s simple costing system has two direct cost categories (materials and labor) and one indirect cost pool. The simple costing system allocates indirect costs on the basis of machine-hours. Recently, the owners of Open Doors have been concerned about a decline in the market share for their interior doors, usually their biggest seller. Information related to Open Doors production for the most recent year follows:

Interior                                    Exterior           

Units sold                                                        3,200                                       1,800

Selling price                                                    $ 125                                       $ 200   

Direct material cost per unit                           $ 30                                         $ 45

Direct manufacturing labor cost per hour      $ 16                                         $ 16

Direct manufacturing labor-hours per unit     1.50                                         2.25

Production runs                                               40                                            85

Material moves                                               72                                            168

Machine setups                                               45                                            155

Machine-hours                                                5,500                                       4,500

The owners have heard of other companies in the industry that are now using an activity-based costing system and are curious how an ABC system would affect their product costing decisions. After analyzing the indirect cost pool for Open Doors, four activities were identified as generating indirect costs: production scheduling, material handling, machine setup and  assembly. Open Doors collected the following data related to the indirect cost activities:

Activity                                   Activity           Cost                 Activity Cost Driver

Production scheduling                        $95,000                       Production runs

Material handling                               $45,000                       Material moves

Machine setup                                     $25,000                       Machine setups

Assembly                                            $60,000                       Machine-hours

1. Calculate the cost of an interior door and an exterior door under the existing simple costing system(Plant-Wide OH Rate)(1pt)

2. Calculate the cost of an interior door and an exterior door under an activity-based costing system (3pts)

solve it in Microsoft word

In: Accounting

******Show work, no Exel/Spss please!!!!****** To answer this question, refer to the following hypothetical data collected...

******Show work, no Exel/Spss please!!!!******

  1. To answer this question, refer to the following hypothetical data collected using replicated measures design.

Subject

1

2

3

4

5

6

7

8

9

10

Pre

50

49

37

16

80

42

40

58

31

21

Post

56

50

30

25

90

44

60

71

32

22

a) In a two-tailed test of H 0 using α=0.05, what is p(obtained) for the results shown? *Hint: "two-tailed" means the same thing as nondirectional. ANSWER = 0.0216

b) What would you conclude regarding H0 using a = 0.05 2-tail? ANSWER = Reject H0

  1. Conduct a one-way ANOVA on the following data.

Group 1

4   

9   

10   

Group 2

11

11

10

Group 3

1

6

4

What is your conclusion (use an alpha)? ANSWER = Reject H0

  1. What is the value of r for the following relationship between height and weight? ANSWER = 0.87

Height: 60, 64, 65, 68 Mean=62.25

Weight: 103, 122, 137, 132 Mean=123.5

  1. Given the following data, what is the value of F crit for the column effect (variable b) *Hint: don't forget to evaluate a numerator (for variable B) and denominator df (within): ANSWER= 3.40

Variable B

Variable A

1

2

3



1

5

4

4

2

6

9

1

3

7

4

1

5

2

3

4



2

6

6

5

2

7

7

3

4

5

3

3

4

2

3

8

  1. Given the following data, what is the value of the SS total? ANSWER = 121.8667

Variable B

Variable A

1

2

3



1

5

4

4

2

6

9

1

3

7

4

1

5

2

3

4



2

6

6

5

2

7

7

3

4

5

3

3

4

2

3

8

  1. What is the value of the MS rows in the following ANOVA table? ANSWER = 225.25

Source

SS

DF

MS

F obt

Rows

450.5

2

225.25

0.11

Columns

116.4

1

116.40

Interaction

2.3

2

1.15

Within-Cells

829.6

10.85

Total

29

In: Math

he Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two...

he Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 61 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:

   

Fixed Cost per Month Cost per Course Cost per
Student
  Instructor wages $ 2,910
  Classroom supplies    $ 280   
  Utilities $ 1,220    $ 80
  Campus rent $ 5,000   
  Insurance $ 2,400       
  Administrative expenses $ 3,800    $ 42 $ 3   

  

For example, administrative expenses should be $3,800 per month plus $42 per course plus $3 per student. The company’s sales should average $900 per student.

  

    The actual operating results for September appear below:

  

Actual
  Revenue $ 52,000
  Instructor wages $ 10,920
  Classroom supplies $ 16,930
  Utilities $ 1,950
  Campus rent $ 5,000
  Insurance $ 2,540
  Administrative expenses $ 3,577

  

Required:
1.

The Gourmand Cooking School expects to run four courses with a total of 61 students in September. Complete the company’s planning budget for this level of activity.

     

2.

The school actually ran four courses with a total of 59 students in September. Complete the company’s flexible budget for this level of activity.

     

3.

Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

In: Accounting

What is the value of n after this code runs? 1 Point int n = 0;...

What is the value of n after this code runs?

1 Point

int n = 0;
int j = 7;
if ((j!=0) && (n < 25))
{
    n = 1;
    if (j > 4)
    {
        n = 2;
    }
    else
    {
        n = 3;
    }
}
else
{
    n = 4;
    if (j%2 >= 2)
    {
        n = 5;
    }
    else
    {
        n = 6;
    }
}

In: Computer Science

In a 5000 m race, the athletes run 1212 laps; each lap is 400 m. Kara...

In a 5000 m race, the athletes run 1212 laps; each lap is 400 m. Kara runs the race at a constant pace and finishes in 17.2 min. Hannah runs the race in a blistering 15.3 min, so fast that she actually passes Kara during the race.

How many laps has Hannah run when she passes Kara?

In: Physics

Approximate the measures of center for following GFDT. Data Frequency 30 - 34 1 35 -...

Approximate the measures of center for following GFDT. Data Frequency 30 - 34 1 35 - 39 0 40 - 44 2 45 - 49 4 50 - 54 8 55 - 59 9 60 - 64 15 65 - 69 16 70 - 74 14 mode = median = mean =

In: Statistics and Probability

Assume the employee does withdraw all of the funds whether you say it is a good...

Assume the employee does withdraw all of the funds whether you say it is a good idea or not: $30,000 contributed by her and $15,000 contributed by the employer. The plan has a 3-7 vesting schedule. Ignoring only ordinary income tax, how much will the employee receive at distribution in each of the following circumstances?

i. The employee is 35 years old, has worked for you for 6 years and is leaving to take another job. She plans on rolling over her distribution to her new employer’s qualified plan immediately.

ii. The employee is 50 years old and in the midst of a mid-life crisis after working for you for 15 years. She quits and plans on taking her distribution to a tropical island where she will live until the money runs out.

iii. The employee has worked for you for the last 10 years but is 63 years old and decides to retire early.

iv. The employee has worked for you forever and never plans to retire. She is 72 years old and has a life expectancy of 15 years (according to the IRS).

In: Accounting

A magazine published data on the best small firms in a certain year. These were firms...

A magazine published data on the best small firms in a certain year. These were firms which had been publicly traded for at least a year, have a stock price of at least $5 per share, and have reported annual revenue between $5 million and $1 billion. The table below shows the ages of the chief executive officers for the first 68 ranked firms.

Age Frequency Relative Frequency Cumulative Relative
Frequency
40-44 9
45-49 11
50-54 13
55-59 16
60-64 10
65-69 8
70-74 1

(a) What is the frequency for CEO ages between (but not including) 54 and 65? (Enter your answer as a whole number.)


(b) What percentage of CEOs are 65 years or older? (Round your answer to the nearest whole number.)
%

(c) What is the relative frequency of ages under 50? (Round your answer to two decimal places.)


(d) What is the cumulative relative frequency for CEOs younger than 55? (Round your answer to two decimal places.)

In: Statistics and Probability

Linkin Corporation is considering purchasing a new delivery truck. The truck has many advantages over the...

Linkin Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost $56,980. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $7,700. At the end of the 8 years, the company will sell the truck for an estimated $27,600. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a payback period that is less than 50% of the assets estimated useful life. Larry Newton, a new manager has suggested that the company should not rely solely on the payback approach, but should also employ the net present value method when evaluating new projects. The company's cost of capital is 8%

In: Accounting

​Felicia, a certified public accountant​ (CPA), runs her own consulting firm. Last​ year, she spent​ $24,510...

​Felicia, a certified public accountant​ (CPA), runs her own consulting firm. Last​ year, she spent​ $24,510 on student​ employees, plus had another​ $81,000 in administrative expenses​ (e.g. utilities,​ insurance, rent). She pays herself a salary of​ $50,000. Because she is a​ CPA, Felicia could be employed alternatively as a​mid-level manager in a large accounting​ firm, making a salary of​ $96,780 a year.  

Last​ year, Felicia’s accounting costs were

​(Enter

your response as an

integer.​)

Last​ year, Felicia's economic costs were

​$nothing.

​(Enter

your response as an

integer.

In: Economics