Please refer to the article titled as “Sustainable Construction Excellence for a Better Future in Malaysia, published in The Ingenieur, Vol. 69 January – March 2017 by the Board of Engineers Malaysia.Elaborate on the “Paradigm Shift” which was outlined in the 11th Malaysian Plan and how would it affect our quality of life?
In: Mechanical Engineering
Presidio, Inc. produces one model of mountain bike. Partial information for the company follows:
Required: 1. Complete Presidio’s cost data table. (Round your Cost per Unit answers to 2 decimal places.)
| Bikes produced and sold | 410 Units | 770 Units | 1924 Units |
| Total Costs | |||
| Variable costs | $106,600 | ||
| Fixed costs | |||
| Total Costs | |||
| Cost per unit | |||
| Variable cost per unit | |||
| Fixed cost per unit | |||
| Total Cost per unit | $532 |
2. Calculate Presidio’s contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $610. (Round your Margin Ratio percentage answers to 2 decimal places (i.e. .1234 should be entered as 12.34%.))
| 410 units | 770 Units | 1924 Units | ||||
| Total Contribution Margin | ||||||
| Contribution Margin Ratio | % | % | % |
3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $610. (Round your answers to the nearest whole dollar amount.)
| 410 Units | 770 Units | 1924 Units | |
|
Net Operating Income (Loss) |
In: Accounting
Presidio, Inc. produces one model of mountain bike. Partial information for the company follows: Required:
1. Complete Presidio’s cost data table. (Round your Cost per Unit answers to 2 decimal places.)
Bikes produced and sold 390 Units 850 Units 1270 Units Total Costs Variable costs $124,800 Fixed costs Total Costs Cost per unit Variable cost per unit Fixed cost per unit Total Cost per unit $558
2. Calculate Presidio’s contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $610. (Round your Margin Ratio percentage answers to 2 decimal places (i.e. .1234 should be entered as 12.34%.))
390 units 850 Units 1270 Units Total Contribution Margin Contribution Margin Ratio % % %
3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $610. (Round your answers to the nearest whole dollar amount.)
390 Units 850 Units 1270 Units Net Operating Income (Loss)
In: Accounting
Question 4 –
Part A -
NT Department of Health rents their facilities to professional health workers for training sessions. Duration of each session is two hours. Anticipated annual volume is 1,000 sessions. The Health Department has invested $2,410,000 in their facility and expects a return on investment (ROI) of 22%. Budgeted costs for the coming year are shown in the table below:
|
Per Training Session |
Total |
|
|
Direct Materials |
$19 |
|
|
Direct Labor |
$410 |
|
|
Variable overhead |
$51 |
|
|
Fixed overhead |
$930,000 |
|
|
Variable selling and administrative expenses |
$38 |
|
|
Fixed selling and administrative expenses |
$510,000 |
Required:
Total cost = Fixed cost +
Type answer here.
Type answer here.
Type answer here.
Part B
In what situation does Department of Health place the greatest focus on its target cost?
How is the target cost determined? What is the basis formula to determine the target selling price in cost-plus pricing?
In: Accounting
Instructions
Phillips Brothers Printers (PBP) provides printing
services to a wide variety of customers. For most jobs, PBP submits
a bid and uses the job cost system to accumulate costs, but bills
the bid amount to the customers. They do have several customers who
routinely have "out of the ordinary" jobs and PBP bills those on a
cost-plus basis, with the customer paying the actual costs plus a
predetermined profit percentage on the total cost.
Sally Phillips, controller for PBP, is approached by the company President who asks her to look for ways to charge more of the production costs to the cost-plus jobs. His logic is that since those customers will pay all the costs plus a profit, they can improve their overall profitability by shifting costs from bid jobs to cost-plus jobs.
Answer the following questions:
Is the President correct about the increase in overall
company profits?
What classification of cost is most likely to be able
to be increased on the cost-plus jobs? Why?
Is what the President proposes ethical? Why or why
not?
What would you do if you were Sally? Why?
If Sally does go along with this proposal, are there
risks to the company? What are they?
In: Accounting
Instructions
Phillips Brothers Printers (PBP) provides printing services to a wide variety of customers. For most jobs, PBP submits a bid and uses the job cost system to accumulate costs, but bills the bid amount to the customers. They do have several customers who routinely have "out of the ordinary" jobs and PBP bills those on a cost-plus basis, with the customer paying the actual costs plus a predetermined profit percentage on the total cost.
Sally Phillips, controller for PBP, is approached by the company President who asks her to look for ways to charge more of the production costs to the cost-plus jobs. His logic is that since those customers will pay all the costs plus a profit, they can improve their overall profitability by shifting costs from bid jobs to cost-plus jobs.
Answer the following questions:
In: Accounting
Which of the following statements is true?
Select the correct answer below:
The U.S. economy has had persistent trade surpluses since the 1970s
A large measure of exports as a percentage of GDP indicates large levels of globalization in a country.
If exports as a percentage of GDP are low, then a large trade deficit will not have a huge impact on a country's economy.
It is better for a country to have large exports as a percentage of GDP.
In: Economics
College officials want to estimate the percentage of students who carry a gun, knife, or other such weapon. How many randomly selected students must be surveyed in order to be 97% confident that the sample percentage has a margin of error of 2 percentage points?
(a) Assume that there is no available information that could be used as an estimate of p^.
(b) Assume that another study indicated that 77% of college students carry weapons.
In: Statistics and Probability
5. The IRS reports that the mean refund for a particular group of taxpayers was $1,600. The distribution of tax refunds follows a normal distribution with a standard deviation of $850.
a. What percentage of the refunds are between $1,600 and $2,000?
b. What percentage of the refunds are between $900 and $2,000?
c. What percentage of the refund are between $1,800 and $2,000?
d. Ninety-five percent of the refunds are for less than what amount?
In: Statistics and Probability
2. As a newly hired manager of a company thatprovides cell phone service, you want to determine the percentage of adults in your state who live in a household with cell phones and no land-line phones. How many adults must you survey? Assume that you want to be 90% confident that the sample percentage is within threepercentage points of the true population percentage
if possible include graph
In: Statistics and Probability