A firm production is represented by the following Cobb-Douglas function: Q = K^1/5 L^4/5. The rental rate, r, of capital is given by $240 and the wage rate is $30.
a. For a given level of output, what should be the ratio of capital to labor in order to minimize
costs?
b. How much capital and labor should be used to produce 400 units? How much is the total cost?
c. What is the short run total cost if output is decreased to 300 units?
d. How would the capital labor choice and total cost would change in the long run?
e. Does this production function exhibit increasing, decreasing, or constant returns to scale?
Please answer based on the cost calculations in parts b and d.

Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries $ 400,000 Partner Benefits (40%) 160,000 Total Partner Compensation $ 560,000 Staff Accountant Salaries $ 600,000 Staff Benefits (40%) 240,000 Total Staff Compensation $ 840,000 The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. If overhead is applied on the Monoco engagement based on a single-cost driver basis, what is the total cost of the engagement?

The Janesky Company has collected data on the manufacture of 3,186 robot grippers last month. The breakdown of total costs is shown below. They now need to plan for future months.

1. What was the total cost per unit?

2. What was the variable cost per unit?

3. Janesky is forecasting that 8,875 units will be produced and sold without any increase in fixed costs in the coming month. What would be the total cost based on last months cost data?

4. What would be the break even price to produce and sell 4,335 units in the coming month?

Please provide the excel formulas

Jordan Inc. makes a smartphone case that includes a battery that extends the operating life of an iPhone. The manufacturing costs per unit include $14 direct materials, $16 direct labor and $8 manufacturing overhead. These costs are based on a production and sales volume of 4,000 units. Advertising costs amounted to $24,000. Research and development cost for the materials used in the phone cases amounted $27,000. Companywide administrative costs amounted to $44,000. Fashion design costs amounted to $29,000. Jordan’s management team established the sales price at 150 percent of GAAP-defined product cost.

Required

1. Determine the total amount of upstream costs.

2. Determine the total amount of downstream cost.

3. Determine the total amount of midstream cost.

4. Determine the sales price per unit.

5. Prepare a GAAP-based income statement.

Below are the data for a Time-Cost CPM Scheduling model analysis. The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by two days what is the total time of the project and total cost? Explain. (Note: Cut and paste your Precedence diagram.)

Old World Charm, Inc. specializes in selling scented candles. The company has established a policy of reordering inventory every other month (which is 6 times per year). A recently employed MBA has considered New England's inventory problem from the EOQ model viewpoint. If the following constitute the relevant data, what is the extra total cost of the current policy compared with the total cost of the optimal policy? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box. Ordering cost = $10 per order Carrying cost = 20% of purchase price Purchase price = $15 per unit Total sales for year = 1,000 units Safety stock = 0

$5.95 per delivery

$7.66 per delivery

$8.52 per delivery

$7.23 per delivery

$2.01 per bouquets

$1.93 per bouquets

$2.03 per bouquets

$2.08 per bouquets

B. MONOPOLY

A corporation buys up all the individual one-person businesses and operates them as one corporation. The individuals work for the corporation as employees. There is now one corporation (Washington Physical Therapy Company) providing this service to everyone in the metropolitan area.   Technology and the actual services do not change.

For the Corporation:

Fixed cost per day: $4,000 (this is 100 times $40)

Variable cost per day for the Company (travel, supplies, etc.) based on existing operations of all 100 employees:

$40 for the first 500 sessions in a day

                        $45 for the 600^th   to 699^th session in a day

                        $50 for the 700^th to 799^th session in a day

                        $60 for the 800^th to 899^th session in a day.

                        $70 for the 900 to 999^th session in a day.

1. Complete the cost schedule for the Company

2. On the Monopoly Graph at the end of this assignment, Graph the Marginal Cost (which is like a supply curve) and the Average Total Cost for the Company.

3. Graph the Demand Curve (Demand has not changed).

4. Determine the Total Revenue and the Marginal Revenue based on the Demand Schedule:

4. Graph the Marginal Revenue (at the quantity midpoint). E.g. graph $70 at a quantity of 150

5. Determine the profit maximizing level of output

6. What price will the company charge?

7. What will be the profit per unit (one physical therapy session) and the total company profit per day?

8. How does the price and quantity compare with the price and quantity before the industry became a monopoly?

9. Can we expect these profits to persist over time? Why or why not?

10. What are the implications for society?

A company has two products: standard and deluxe. The company expects to produce 41,537 Standard units and 42,734 Deluxe units. It uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools.

Required:

Make a Job Cost Sheet for the Standard Units. Use the following Direct Materials and Direct Labor information.

- Direct Materials $5,136

- Direct Labor $5,139

For Overhead, computer overhead rates for each of the three activities. Hint, you will divide each activity's budgeted cost by the TOTAL amount of that activity's cost driver. So you will need to add Purchases for Standard and Deluxe to get the total denominator for that activity. (Round activity rate and cost per unit answers to 2 decimal places.)

Your Job Cost Sheet will include:

Direct Materials

+ Direct Labor

+ Overhead for Purchasing

+ Overhead for Designing

+ Overhead for Shipping

= Total Job Cost

/ Units Produced

= Per Unit Cost

The answer you type in will be the Per Unit Cost of the Standard Units. Round your answer to the nearest 2 decimal places.