Regular time: $20 per unit (maximum of 280 units per period)

Overtime:    $30 per unit (maximum of 40 units per period)

Subcontracting:    Not available

Beginning inventory:   None

Carrying cost: $10 per unit per period

Backorder cost: $50 per unit per period

What is the total regular time cost for the plan which minimizes total cost?

Round answer to nearest dollar. Do not use a thousands separator or a dollar sign in your answer.

Allegiant Airlines charges a mean base fare of $89. In addition, the airline charges for making a reservation on its website, checking bags, and inflight beverages. These additional charges average $35 per passenger. Suppose a random sample of 80 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 $38. Use z-table.

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)?

You and your closest friends have decided to go to see a private screening of a movie at a local movie theater where you can be socially distant. Friends will be added to the queue after their names are input by the user. Because of current restrictions, the queue (line) for tickets can only have a capacity of 7 people.

Write a Java program using a Queue (of size 7) that will display a menu:

1) add person to line

2) remove person from line

When (1) is chosen the user will be prompted to input the friend's name. Note that you must not add another person to the queue until there is an available space for them (you will need to check if the queue is full before adding people.) If there are already 7 people in the queue the program will output that "the line is full please try again later."

When (2) is chosen the person at the head/front of the queue is removed.

After each person is added or removed from the queue, output the contents of the queue and the name of the person at the head of the queue. The program will end after the removal of a person leaves the queue empty.

MUST BE JAVA. please include menu for queue operations.

Customers arrive at a movie theater at the advertised movie time only to find that they have to sit through several previews and pre-preview ads before the movie starts. Many complain that the time devoted to previews is too long.† A preliminary sample conducted by The Wall Street Journal showed that the standard deviation of the amount of time devoted to previews was 6 minutes. Use that as a planning value for the standard deviation in answering the following questions. (Round your answers up to the nearest whole number.)

(a)

If we want to estimate the population mean time for previews at movie theaters with a margin of error of 105 seconds, what sample size should be used? Assume 95% confidence.

(b)

If we want to estimate the population mean time for previews at movie theaters with a margin of error of 1 minute, what sample size should be used? Assume 95% confidence.

-You may need to use the appropriate appendix table or technology to answer this question.

How large a sample should be selected to provide a 95% confidence interval with a margin of error of 10? Assume that the population standard deviation is 50. (Round your answer up to the nearest whole number.)

a) The 10 members of the committee have to choose one president and two vice presidents (these have to be three different people). In how many ways can they choose these officers? (Note: here is no distinction between the two vice presidents; there is not a “first” VP and a “second” VP).

b) Three couples go to a movie theater. They sit in consecutive seats such that each couple is seating together, that is each person is seating next to his/her partner. If there are 6 seats available, in how many ways can they sit?

c) A university wants to assign a three digit number to each classroom of a new building. They can use the digits {1,2,3,4,5} but they cannot use any digit more than once. How many classroom numbers can they assign if the numbers have to be less than 250?

d) The University wants to select 4 students for a feedback survey. They want all four students from either Prof. X’s section or Prof. Y’s section. Prof. X has 40 students in his class and Prof. Y has 30 students in his class. How many selections are possible?

You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If​ convenient, use technology to construct the confidence intervals. A random sample of 40 home theater systems has a mean price of ​$129.00. Assume the population standard deviation is ​$16.60.

Interpret the results. Choose the correct answer below.

A. With​ 90% confidence, it can be said that the population mean price lies in the first interval. With​ 95% confidence, it can be said that the population mean price lies in the second interval. The​ 95% confidence interval is narrower than the​ 90%.

B. With​ 90% confidence, it can be said that the sample mean price lies in the first interval. With​ 95% confidence, it can be said that the sample mean price lies in the second interval. The​ 95% confidence interval is wider than the​ 90%.

C. With​ 90% confidence, it can be said that the population mean price lies in the first interval. With​ 95% confidence, it can be said that the population mean price lies in the second interval. The​ 95% confidence interval is wider than the​ 90%.

Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,480, and a new model, the Majestic, which sells for $1,320. The production cost computed per unit under traditional costing for each model in 2020 was as follows.

In 2020, Schultz manufactured 25,000 units of the Royale and 10,000 units of the Majestic. The overhead rate of $41 per direct labor hour was determined by dividing total estimated manufacturing overhead of $8,202,400 by the total direct labor hours (200,000) for the two models.

Under traditional costing, the gross profit on the models was Royale $494 ($1,480 – $986) and Majestic $595 ($1,320 – $725). Because of this difference, management is considering phasing out the Royale model and increasing the production of the Majestic model.

Before finalizing its decision, management asks Schultz’s controller to prepare an analysis using activity-based costing (ABC). The controller accumulates the following information about overhead for the year ended December 31, 2020.

The cost drivers used for each product were:

Assign the total 2020 manufacturing overhead costs to the two products using activity-based costing (ABC) and determine the overhead cost per unit. (Round cost per unit to 2 decimal places, e.g. 12.25.)

eTextbook and Media

Calculate cost per unit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.)

eTextbook and Media

Calculate gross profit of each model using ABC costing. (Round answers to 2 decimal places, e.g. 12.25.)

Weighted Average Process Costing

Minot Processing Company manufactures one product on a continuous basis in two departments, Processing and Finishing. All materials are added at the beginning of work on the product in the Processing Department. During November, the following events occurred in the Processing Department:

Additional information follows:

• Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 90% of direct labor cost.
• Ending inventory in the Processing Department consists of 3,000 units that are one-fourth converted
• Beginning inventory contained 4,000 units, one-half converted, with a cost of $57,950 ($34,000 for materials and $23,950 for conversion).

• Cost of Production Report
• Work-in-Process Analysis

(a) Prepare a cost of production report for the Processing Department for November.

• Do not use negative signs with any of your answers.
• Round Cost per equivalent unit in process to two decimal places, if needed.

Income Statements under Absorption Costing and Variable Costing

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo. The company began operations on May 1 and operated at 100% of capacity (41,800 units) during the first month, creating an ending inventory of 3,800 units. During June, the company produced 38,000 garments during the month but sold 41,800 units at $95 per unit. The June manufacturing costs and selling and administrative expenses were as follows:

a. Prepare an income statement according to the absorption costing concept for June.

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a. Under absorption costing, the cost of goods manufactured includes direct materials, direct labor, and factory overhead costs. Both fixed and variable factory costs are included as part of factory overhead.

Learning Objective 1.

b. Prepare an income statement according to the variable costing concept for June.

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b. Under variable costing, the cost of goods manufactured includes only variable manufacturing costs.

b. Under variable costing, the cost of goods manufactured includes only variable manufacturing costs.

Learning Objective 1.

c. What is the reason for the difference in the amount of income from operations reported in (a) and (b)?

Under the absorption costing  method, the fixed manufacturing cost included in the cost of goods sold is matched with the revenues. Under variable costing , all of the fixed manufacturing cost is deducted in the period in which it is incurred, regardless of the amount of inventory change. Thus, when inventory decreases, the absorption costing  income statement will have a lower income from operations.

Imperial Devices (ID) has offered to supply the state government with one model of its security screening device at "cost plus 20 percent." ID operates a manufacturing plant that can produce 22,000 devices per year, but it normally produces 20,000. The costs to produce 20,000 devices follow:

Based on these data, company management expects to receive $440.40 (= $367.00 × 120 percent) per monitor for those sold on this contract. After completing 2,000 monitors, the company sent a bill (invoice) to the government for $880,800 (= 2,000 monitors × $440.40 per monitor).

The president of the company received a call from a state auditor, who stated that the per monitor cost should be:

Therefore, the price per monitor should be $235.20 (= $196.00 × 120 percent). The state government ignored marketing costs because the contract bypassed the usual selling channels.

Required:

For each of the four situations, calculate the cost basis per device based on the information shown above. (Round intermediate calculations and final answers to 2 decimal places.)

Options:

A. Only the differential production costs could be considered as the cost basis.

B. The total cost per device for normal production of 20,000 devices could be used as the cost basis.

C. The total cost per device for production of 22,000 devices, excluding marketing costs, could be used as the cost basis.

D. The total cost per device for production of 22,000 devices, including marketing costs, could be used as the cost basis.