Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 27 minutes $6.20 $2.79 During August, 9,300 hours of direct labor time were needed to make 19,200 units of the Jogging Mate. The direct labor cost totaled $55,800 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,200 Jogging Mates? 2. What is the standard labor cost allowed (SH × SR) to make 19,200 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.70 per direct labor-hour. During August, the company incurred $48,360 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows:

During August, 9,585 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $52,718 for the month.

Required:

1. What is the standard labor-hours allowed (SH) to makes 19,700 Jogging Mates?

2. What is the standard labor cost allowed (SH × SR) to make 19,700 Jogging Mates?

3. What is the labor spending variance?

4. What is the labor rate variance and the labor efficiency variance?

5. The budgeted variable manufacturing overhead rate is $4.10 per direct labor-hour. During August, the company incurred $46,008 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.

1) Consider the following data for two variables, x and y.

(a) Develop an estimated regression equation for the data of the form

ŷ = b₀ + b₁x.

(Round b₀ to two decimal places and b₁ to three decimal places.)  ŷ =  

2)

A statistical program is recommended.

A study investigated the relationship between audit delay (Delay), the length of time from a company's fiscal year-end to the date of the auditor's report, and variables that describe the client and the auditor. Some of the independent variables that were included in this study follow.

A sample of 40 companies provided the following data.

(a)

Develop the estimated regression equation using all of the independent variables. Use x₁ for Industry, x₂ for Public, x₃ for Quality, and x₄ for Finished. (Round your numerical values to two decimal places.)

ŷ =

−5.21x4​−1.80x3​+1.65x2​+12.11x1​+78.83

(b)

Did the estimated regression equation developed in part (a) provide a good fit? Explain. (Use α = 0.05. For purposes of this exercise, consider an adjusted coefficient of determination value high if it is at least 50%.)

Yes, testing for significance shows that the overall model is significant and all the individual independent variables are significant.No, the low value of the adjusted coefficient of determination does not indicate a good fit.    Yes, the low p-value and high value of the adjusted coefficient of determination indicate a good fit.No, testing for significance shows that all independent variables except Public are not significant.

What does this scatter diagram indicate about the relationship between Delay and Finished?

The scatter diagram suggests no relationship between these two variables.The scatter diagram suggests a linear relationship between these two variables.     The scatter diagram suggests a curvilinear relationship between these two variables.

(d)

On the basis of your observations about the relationship between Delay and Finished, use best-subsets regression to develop an alternative estimated regression equation to the one developed in (a) to explain as much of the variability in Delay as possible. Use x₁ for Industry, x₂ for Public, x₃ for Quality, and x₄ for Finished. (Round your numerical values to two decimal places.)

ŷ =

−38.56x4​−2.28x3​+7.45x2​+14.27x1​+113.01

The common stock of the Brangus Cattle Company had the following​ end-of-year stock prices over the last five years and paid no cash​ dividends:

a.  Calculate the annual rate of return for EACH YEARr from the above information.

b.  What is the arithmetic average rate of return earned by investing in Brangus Cattle​ Company's stock over this​ period?

c.  What is the geometric average rate of return earned by investing in Brangus Cattle​ Company's stock over this​ period?

d.  Which type of average rate of return best describes the average annual rate of return earned over the period​ (the arithmetic or​ geometric)? ​ Why?

Problem 14-1 (Algorithmic) Suppose that the R&B Beverage Company has a soft drink product that shows a constant annual demand rate of 3000 cases. A case of the soft drink costs R&B $3. Ordering costs are $19 per order and holding costs are 27% of the value of the inventory. R&B has 250 working days per year, and the lead time is 5 days. Identify the following aspects of the inventory policy: a.Economic order quantity. If required, round your answer to two decimal places. b.Reorder point. c.Cycle time. If required, round your answer to two decimal places. d. total annual cost. If required, round your answer to two decimal places.

The COVID-19 pandemic has forced people to work from home. The following are age data from a sample of people who work from home: 18 54 20 46 25 48 53 27 26 37 40 36 42 25 27 33 28 40 45 25
a. Calculate the average, median, quartile 1 and quartile 3
b. Calculate range, interquartile range, variance, standard deviation, and coefficient of variation.
c. Draw a box plot, give a conclusion

Note: no handwritten answer would be very appreciated. thanks.

You are choosing between two projects. The cash flows for the projects are given in the following table​ ($ million): Project Year 0 Year 1 Year 2 Year 3 Year 4 A negative $ 48−$48 $ 27$27 $ 21$21 $ 21$21 $ 13$13 B negative $ 98−$98 $ 22$22 $ 39$39 $ 48$48 $ 60$60 a. What are the IRRs of the two​ projects? b. If your discount rate is 4.6 %4.6%​, what are the NPVs of the two​ projects? c. Why do IRR and NPV rank the two projects​ differently?

An object with mass 70 kg moved in outer space. When it was at location <7, -35, -5> its speed was 5.0 m/s. A single constant force <210, 400, -150> N acted on the object while the object moved from location <7, -35, -5> m to location <11, -27, -8> m. Then a different single constant force <140, 250, 210> N acted on the object while the object moved from location <11, -27, -8> m to location <17, -31, -3> m. What is the speed of the object at this final location?

3) Mercadolibre is an Argentinian based online shopping platform partially owned by Amazon. The company has had moderate success growing their topline at a steady rate of 30% while maintaining 18.5% net margins that they expect to maintain for the next three years. In year 4, residual income is expected to grow at 7.2% indefinitely. In FY 2018 they generated ARP 25,458,900,000 in revenue while their balance sheet showed that they had ARP 96,236,000,000 in assets while also having ARP 53,987,120,000 in liabilities. The company maintains a dividend policy of 4.2%. The required return on equity is 13.65%. (5 pts for each subsections)

A) What is the initial Book Value of Mercadolibre?

B) What is the residual income in 2019?

C) What is the value of the company in 2018? '

D) What would be a problem with using the residual income model for Mercadolibre?