Cane Company manufactures two products called Alpha and Beta that sell for $165 and $130, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 113,000 units of each product. Its average cost per unit for each product at this level of activity are given below:

The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars.

1-1. What is the total amount of traceable fixed manufacturing overhead for each of the two products? (Alpha / Beta)

1-2. What is the company’s total amount of common fixed expenses?

2-1. Assume that Cane expects to produce and sell 89,000 Alphas during the current year. One of Cane's sales representatives has found a new customer who is willing to buy 19,000 additional Alphas for a price of $116 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order?

2-2. Assume that Cane expects to produce and sell 99,000 Betas during the current year. One of Cane’s sales representatives has found a new customer who is willing to buy 2,000 additional Betas for a price of $48 per unit. What is the financial advantage (disadvantage) of accepting the new customer's order?

2-3.

Assume that Cane expects to produce and sell 104,000 Alphas during the current year. One of Cane's sales representatives has found a new customer who is willing to buy 19,000 additional Alphas for a price of $116 per unit; however pursuing this opportunity will decrease Alpha sales to regular customers by 10,000 units.

What is the financial advantage (disadvantage) of accepting the new customer’s order?

3-1. Assume that Cane normally produces and sells 99,000 Betas per year. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

3-2. Assume that Cane normally produces and sells 49,000 Betas per year. What is the financial advantage (disadvantage) of discontinuing the Beta product line?

6. The following data represents a company’s revenue in millions of dollars. Year: 2010 2012 2014 2015 2016 2018 2019 Revenue: 30 32 34 35 39 39 45 Let the year 2010 be the base year with x=0.

a) Model the data with a linear function using the points in years 2010 and 2019. Round computed values to 2 decimal places. Also, using your model predict the revenue in the year 2021 accurate to 3 decimal places.

b) Set up a table of (x, y) values to be used for a least squares model and find a linear least squares model y ax b = + for the data. Express the coefficients a and b accurate to 3 decimal places. Also, what is the 2 R value accurate to 3 decimal places?

c) Use your least squares model to predict the revenue in 2020 accurate to 3 decimal places and graph the actual and predicted revenue data superimposed on the same graph.

A random survey was conducted at Disneyland to determine how long park guests waited in line for Space Mountain (in minutes). The collected data is provided below:

65 67 54 57 72 64 55

71 64 60 84 54 74 76

62 60 71 59 58 53 63

65 68 69 90 74 59 75

63 51

The posted wait time was listed to be 60 minutes. At the 1% significance level, perform and interpret a hypothesis test to determine if the actual wait time for Space Mountain was more than 60 minutes.

Use RStudio. To test if a middle school class on geography is working, a pre- and post-test were given to students at the start and end of the semester. Assume that the scores were randomly selected from the two tests. Also, assume that that they are pairs of scores for ten students. Use the following data to test if the class improved students’ knowledge of geography. (hint: use “var.equal=TRUE” in your argument)

Scores

Pre-test:     77, 56, 64, 60, 57, 53, 72, 62, 65, 66

Post-test: 88, 74, 83, 68, 58, 50, 76, 64, 74, 60

FIFO and LIFO Costs Under Perpetual Inventory System

The following units of a particular item were available for sale during the year:

The firm uses the perpetual inventory system, and there are 13 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO?
$

b. What is the total cost of the ending inventory according to LIFO?
$

When answering each of the following, the random variable Y is normally distributed with a mean of 65 and a standard deviation of 4.

1. The value of z for being able to determine P(Y ≤ 62) is _______

The P(Y ≤ 62) is ________

2. The 2 values of z for being able to determine P( 69 ≤ Y ≤ 74) are _______ and ________

The P( 69 ≤ Y ≤ 74) is _________

3. The value of z for being able to determine P(Y ≥ 72) is _______

The P(Y ≥ 72) is ________

4. The value of z for being able to determine the value of y such that 10% of the values Y are less than that y

Is ________

         The value of y such that 10% of the values Y are less than that y is _________

2. For each 3*3 matrix and each eigenvalue below construct a basis for the eigenspace Eλ.

A= (9 42 -30 -4 -25 20 -4 -28 23), λ = 1,3

A= (2 -27 18 0 -7 6 0 -9 8), λ = −1,2

3. Construct a 2×2 matrix with eigenvectors(4 3) and (−3 −2) with eigen-values 2 and −3, respectively.

Eren Marketing Company sells specialty products( jewellery) to high income families with high social status. The market is highly competitive and it is very hard to differentiate the products. Explain the 4P's, explain how the company can offer value, and explain how to build long term relations with the customers.

Starbucks does have optimistic status for their great company culture. Do you believe customers can sense a difference between company owned stores and franchisee/licensee institutions? That would not be great for business as whole, particularly when that culture has some impact on selling $5+ lattes.