Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.3. Enter period 4's forecasted value below. The initialization value for period 1 is given as the actual value for period 1. Round your answer to two decimal places (e.g., 1.23).
Alpha=0.3
| Period | X | SES |
| 1 | 1.4 | 1.4 |
| 2 | 7.9 | |
| 3 | 1.5 | |
| 4 | ? |
In: Economics
Use the information below to produce the Simple Exponential Smoothing forecast assuming Alpha=0.1. Enter period 4's forecasted value below. The initialization value for period 1 is given as the actual value for period 1. Round your answer to two decimal places (e.g., 1.23).
Alpha=0.1
| Period | X | SES |
| 1 | 9.2 | 9.2 |
| 2 | 8.3 | |
| 3 | 8.1 | |
| 4 | ? |
In: Economics
A point charge of -6 mu or micro CC is located at x = 4 m, y = -2 m. A second point charge of 12 mu or micro CC is located at x = 1 m, y = 4 m.
(a) Find the magnitude and direction of the electric field at x = -1 m, y = 0.
(b) Calculate the magnitude and direction of the force on an electron at x = -1 m, y = 0.
In: Physics
Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]
Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:
| Production data: | ||
| Pounds in process, May 1; materials 100% complete; conversion 90% complete |
79,000 | |
| Pounds started into production during May | 440,000 | |
| Pounds completed and transferred out | ? | |
| Pounds in process, May 31; materials 75% complete; conversion 25% complete |
39,000 | |
| Cost data: | ||
| Work in process inventory, May 1: | ||
| Materials cost | $ | 100,200 |
| Conversion cost | $ | 12,100 |
| Cost added during May: | ||
| Materials cost | $ | 521,085 |
| Conversion cost | $ | 66,260 |
Required:
1. Compute the equivalent units of production for materials and conversion for May.
2. Compute the cost per equivalent unit for materials and conversion for May.
3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.
4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.
5. Prepare a cost reconciliation report for May.
In: Accounting
xercise 4-11 Comprehensive Exercise; Second Production Department-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]
Scribners Corporation produces fine papers in three production departments—Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically and chemically treated to separate their fibers. The result is a thick slurry of fibers. In the Drying Department, the wet fibers transferred from the Pulping Department are laid down on porous webs, pressed to remove excess liquid, and dried in ovens. In the Finishing Department, the dried paper is coated, cut, and spooled onto reels. The company uses the weighted-average method in its process costing system. Data for March for the Drying Department follow:
| Percent Completed | ||||||
| Units | Pulping | Conversion | ||||
| Work in process inventory, March 1 | 3,500 | 100 | % | 80 | % | |
| Work in process inventory, March 31 | 5,500 | 100 | % | 70 | % | |
| Pulping cost in work in process inventory, March 1 | $ | 1,645 | ||||
| Conversion cost in work in process inventory, March 1 | $ | 1,050 | ||||
| Units transferred to the next production department | 154,900 | |||||
| Pulping cost added during March | $ | 78,555 | ||||
| Conversion cost added during March | $ | 52,925 | ||||
No materials are added in the Drying Department. Pulping cost represents the costs of the wet fibers transferred in from the Pulping Department. Wet fiber is processed in the Drying Department in batches; each unit in the above table is a batch and one batch of wet fibers produces a set amount of dried paper that is passed on to the Finishing Department.
Required:
1. Compute the Drying Department's equivalent units of production for pulping and conversion in March.
2. Compute the Drying Department's cost per equivalent unit for pulping and conversion in March.
3. Compute the Drying Department's cost of ending work in process inventory for pulping, conversion, and in total for March.
4. Compute the Drying Department's cost of units transferred out to the Finishing Department for pulping, conversion, and in total in March.
5. Prepare a cost reconciliation report for the Drying Department for March.
In: Accounting
Problem 4-16 (Algo) Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]
Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:
| Production data: | ||
| Pounds in
process, May 1; materials 100% complete; conversion 90% complete |
85,000 | |
| Pounds started into production during May | 500,000 | |
| Pounds completed and transferred out | ? | |
| Pounds in
process, May 31; materials 80% complete; conversion 20% complete |
45,000 | |
| Cost data: | ||
| Work in process inventory, May 1: | ||
| Materials cost | $ | 135,700 |
| Conversion cost | $ | 22,000 |
| Cost added during May: | ||
| Materials cost | $ | 705,260 |
| Conversion cost | $ | 120,740 |
Required:
1. Compute the equivalent units of production for materials and conversion for May.
2. Compute the cost per equivalent unit for materials and conversion for May.
3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.
4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.
5. Prepare a cost reconciliation report for May.
In: Accounting
Problem 4-13 Comprehensive Problem; Second Production Department-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]
Old Country Links, Inc., produces sausages in three production departments—Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow:
| Percent Completed | ||||||||
| Units | Mixing | Materials | Conversion | |||||
| Work in process inventory, September 1 | 4 | 100 | % | 60 | % | 50 | % | |
| Work in process inventory, September 30 | 4 | 100 | % | 20 | % | 10 | % | |
| Mixing | Materials | Conversion | ||||
| Work in process inventory, September 1 | $ | 7,244 | $ | 28 | $ | 3,140 |
| Cost added during September | $ | 221,546 | $ | 22,718 | $ | 226,308 |
Mixing cost represents the costs of the spiced meat mixture
transferred in from the Mixing Department. The spiced meat mixture
is processed in the Casing and Curing Department in batches; each
unit in the above table is a batch and one batch of spiced meat
mixture produces a set amount of sausages that are passed on to the
Packaging Department. During September, 133 batches (i.e., units)
were completed and transferred to the Packaging Department.
Required:
1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September.
2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September.
3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September.
4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September.
5. Prepare a cost reconciliation report for the Casing and Curing Department for September.
In: Accounting
SHOW WORK PLEASE
Problem 4-16 Comprehensive Problem-Weighted-Average Method [LO4-2, LO4-3, LO4-4, LO4-5]
Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May:
| Production data: | ||
| Pounds in
process, May 1; materials 100% complete; conversion 90% complete |
76,000 | |
| Pounds started into production during May | 410,000 | |
| Pounds completed and transferred out | ? | |
| Pounds in
process, May 31; materials 60% complete; conversion 40% complete |
36,000 | |
| Cost data: | ||
| Work in process inventory, May 1: | ||
| Materials cost | $ | 117,900 |
| Conversion cost | $ | 53,600 |
| Cost added during May: | ||
| Materials cost | $ | 613,080 |
| Conversion cost | $ | 294,700 |
Required:
1. Compute the equivalent units of production for materials and conversion for May.
2. Compute the cost per equivalent unit for materials and conversion for May.
3. Compute the cost of ending work in process inventory for materials, conversion, and in total for May.
4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for May.
5. Prepare a cost reconciliation report for May.
In: Accounting
"Fun Life" claims that the probability that a customer comes back every week; P(repeat customer)= 54%. On May 6th, you randomly selected 10 customers from the store. Create a probability distribution table for the Binomial probability that the customer is a repeat customer.
| Fun Life | Strange Love | ||
| 9/2/19 | $ 10,499.94 | $ 15,602.13 | |
| 9/9/19 | $ 12,570.94 | $ 15,266.79 | |
| 9/16/19 | $ 3,005.02 | $ 4,081.42 | |
| 9/23/19 | $ 14,248.23 | $ 1,382.24 | |
| 9/30/19 | $ 8,636.75 | $ 8,275.37 | |
| 10/7/19 | $ 14,204.85 | $ 1,245.25 | |
| 10/14/19 | $ 9,543.69 | $ 10,673.07 | |
| 10/21/19 | $ 5,263.17 | $ 10,464.89 | |
| 10/28/19 | $ 7,371.62 | $ 8,938.07 | |
| 11/4/19 | $ 5,008.26 | $ 10,442.26 | |
| 11/11/19 | $ 3,489.96 | $ 2,108.36 | |
| 11/18/19 | $ 12,743.37 | $ 13,724.84 | |
| 11/25/19 | $ 1,848.10 | $ 9,319.00 | |
| 12/2/19 | $ 5,789.95 | $ 7,755.35 | |
| 12/9/19 | $ 7,586.66 | $ 12,327.17 | |
| 12/16/19 | $ 2,287.95 | $ 2,343.91 | |
| 12/23/19 | $ 3,356.14 | $ 2,444.49 | |
| 12/30/19 | $ 4,558.28 | $ 12,514.89 | |
| 1/6/20 | $ 7,247.02 | $ 4,998.70 | |
| 1/13/20 | $ 7,374.31 | $ 13,333.44 | |
| 1/20/20 | $ 4,593.70 | $ 14,156.07 | |
| 1/27/20 | $ 1,792.20 | $ 6,646.60 | |
| 2/3/20 | $ 3,248.34 | $ 3,494.17 | |
| 2/10/20 | $ 1,372.53 | $ 17,622.30 | |
| 2/17/20 | $ 11,061.58 | $ 8,109.53 | |
| 2/24/20 | $ 9,250.06 | $ 11,629.81 | |
| 3/2/20 | $ 3,598.44 | $ 1,294.15 | |
| 3/9/20 | $ 13,069.25 | $ 14,609.46 | |
| 3/16/20 | $ 1,769.34 | $ 16,544.91 | |
| 3/23/20 | $ 5,340.35 | $ 6,791.68 | |
| 3/30/20 | $ 9,584.29 | $ 9,749.47 | |
| 4/6/20 | $ 14,422.19 | $ 3,744.22 | |
| 4/13/20 | $ 4,139.96 | $ 11,331.56 | |
| 4/20/20 | $ 4,917.33 | $ 10,489.14 | |
| 4/27/20 | $ 12,172.46 | $ 17,745.47 |
In: Statistics and Probability
In order to provide additional funding for both stores, the CFO asked you to create a 90% confidence interval for the population mean of sales for each individual store Create a 90% confidence interval for the average sale of "Fun Life" Create a 90% confidence interval for the average sale of "Strange Love"
| Fun Life | Strange Love | ||
| 9/2/19 | $ 10,499.94 | $ 15,602.13 | |
| 9/9/19 | $ 12,570.94 | $ 15,266.79 | |
| 9/16/19 | $ 3,005.02 | $ 4,081.42 | |
| 9/23/19 | $ 14,248.23 | $ 1,382.24 | |
| 9/30/19 | $ 8,636.75 | $ 8,275.37 | |
| 10/7/19 | $ 14,204.85 | $ 1,245.25 | |
| 10/14/19 | $ 9,543.69 | $ 10,673.07 | |
| 10/21/19 | $ 5,263.17 | $ 10,464.89 | |
| 10/28/19 | $ 7,371.62 | $ 8,938.07 | |
| 11/4/19 | $ 5,008.26 | $ 10,442.26 | |
| 11/11/19 | $ 3,489.96 | $ 2,108.36 | |
| 11/18/19 | $ 12,743.37 | $ 13,724.84 | |
| 11/25/19 | $ 1,848.10 | $ 9,319.00 | |
| 12/2/19 | $ 5,789.95 | $ 7,755.35 | |
| 12/9/19 | $ 7,586.66 | $ 12,327.17 | |
| 12/16/19 | $ 2,287.95 | $ 2,343.91 | |
| 12/23/19 | $ 3,356.14 | $ 2,444.49 | |
| 12/30/19 | $ 4,558.28 | $ 12,514.89 | |
| 1/6/20 | $ 7,247.02 | $ 4,998.70 | |
| 1/13/20 | $ 7,374.31 | $ 13,333.44 | |
| 1/20/20 | $ 4,593.70 | $ 14,156.07 | |
| 1/27/20 | $ 1,792.20 | $ 6,646.60 | |
| 2/3/20 | $ 3,248.34 | $ 3,494.17 | |
| 2/10/20 | $ 1,372.53 | $ 17,622.30 | |
| 2/17/20 | $ 11,061.58 | $ 8,109.53 | |
| 2/24/20 | $ 9,250.06 | $ 11,629.81 | |
| 3/2/20 | $ 3,598.44 | $ 1,294.15 | |
| 3/9/20 | $ 13,069.25 | $ 14,609.46 | |
| 3/16/20 | $ 1,769.34 | $ 16,544.91 | |
| 3/23/20 | $ 5,340.35 | $ 6,791.68 | |
| 3/30/20 | $ 9,584.29 | $ 9,749.47 | |
| 4/6/20 | $ 14,422.19 | $ 3,744.22 | |
| 4/13/20 | $ 4,139.96 | $ 11,331.56 | |
| 4/20/20 | $ 4,917.33 | $ 10,489.14 | |
| 4/27/20 | $ 12,172.46 | $ 17,745.47 |
In: Statistics and Probability