Capital and labor are the only two inputs for the following production process. Capital is fixed at 4 units, which costs 50 dollars each unit per day. Workers can be hired for 100 each per day. Complete the following table and plot the marginal cost (MC), average total cost (ATC), average variable cost (AVC), average fixed cost (AFC) on the same graph.

Allegiant Airlines charges a mean base fare of $87. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $34 per passenger. Suppose a random sample of 60 passengers is taken to determine the total cost of their flight on Allegiant Airlines. The population standard deviation of total flight cost is known to be $37

B.What is the probability the sample mean will be within $10 of the population mean cost per flight (to 4 decimals)?

C. What is the probability the sample mean will be within $5 of the population mean cost per flight (to 4 decimals)?

Football teams ending inventory includes the following items

Compute the lower of cost or market for the ending inventory separately for each product.

A firm has a possibility to produce output using either one or two units of capital. Capital costs $10 per unit. Labor is always variable. If it uses 1 unit of capital, marginal cost is constant (no diminishing returns) at $3. If it uses 2 units of capital, marginal cost is constant at $1.

For the output quantities of 1 to 10, create the firm’s short run average total cost curves. Also create the firm’s long-run average total cost curve.

Does the firm exhibit economies of scale, diseconomies of scale, or constant returns to scale? Explain your answer.

1. Create a new “Area” project.
   1. Create a new Visual Studio Project and call it “Area”.
   2. This project will be used to calculate the area of certain figures, like circles, squares and rectangles.
   3. So add a title to the Form. The Form Title should say “Area”. Also add 3 labels, 3 Buttons, 3 Textboxes and 3 RadioButtons. The 3 Buttons should be near the bottom of the Form and say “Calc Area”, “Clear” and “Exit”. Make sure to give all your components names that make sense, like we did in the “GoTeam” project. The Labels and Textboxes should be near the top towards the right side. The labels should say “Radius”, “Width” and “Area” and the 3 Textboxes should be empty. And the 3 RadioButtons should be in the middle near the left side. They should read “Circle”, “Square” and “Rectangle”.
   4. Add all these components and run this project. Use the Properties window to change any colors or Fonts that you would like.

Assign 2: Add to the “Area” project from Lab #1.  

1. When the user selects the “Circle” radio button….make sure the top Label says “Radius:” and only one textbox is visible.
2. Then when the user clicks on the “Calculate” button…..calculate the area of a circle and display it in the “Area” textbox.   
3. When the user selects the “Square” radio button…. make sure the top Label says “Side:” and only one textbox is visible.
4. Then when the user clicks on the “Calculate” button…..calculate the area of a square and display it in the “Area” textbox.
5. When the user selects the “Rectangle” radio button…. make sure the top Label says “Height:” and the bottom Label say “Width:”. and only one textbox is visible.
6. Then when the user clicks on the “Calculate” button…..calculate the area of a rectangle and display it in the “Area” textbox.
7. Add an “Exit” button to this project. Make the exit button work.

Add a “Clear” button to this project. Also make the Clear button work, clear should clear all textbaoxes

Weighted Average Method, Journal Entries

Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for February:

Required:

1. Using the weighted average method, prepare the following for the Molding Department:

a. A physical flow schedule

b. An equivalent units calculation

c. Calculation of unit costs. Round your intermediate computations and final answer to four decimal places.
$______ per unit

d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar.
Cost of ending work in process: $_______
Cost of goods transferred out: $________

e. A cost reconciliation. When required, round your answers to the nearest dollar.

2. Prepare journal entries that show the flow of manufacturing costs for the Molding Department. (a) Materials are added at the beginning of the process, (b) conversion costs are recorded, and (c) units are transferred to the Assembly Department. When required, round your answers to the nearest dollar.

3. Repeat Requirements 1 and 2 for the Assembly Department.

a. A physical flow schedule:

b. An equivalent units calculation

c. Calculate the total unit costs. Round your intermediate computations and final answer to four decimal places.
$______ per unit

d. Calculate the cost of ending work in process and cost of goods transferred out. Round your answers to the nearest dollar.
Cost of ending work in process: $________
Cost of goods transferred out: $_________

e. A cost reconciliation. If required, round your answers to the nearest dollar.

Note: Cost reconciliation totals differ due to rounding error.

Prepare journal entries that show the flow of manufacturing costs for the Assembly Department. (a) Materials are added at the end of the process, (b) conversion costs are recorded, and (c) the units are transferred to Finished Goods.

Presented below is information related to Vaughn Enterprises.

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

From the information, prepare (as far as the data permit) monthly income statements in columnar form for February, March, and April. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company provided the following estimates at the beginning of the year:

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the following information related to those two jobs:

Delph had no underapplied or overapplied manufacturing overhead during the year.

Exercise 2-15 Part 2

2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.

a. Compute the departmental predetermined overhead rates.

b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.

c. If Delph establishes bid prices that are 130% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delph’s cost of goods sold for the year?