Job Costs Using Activity-Based Costing

Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows:

Heitger worked on four jobs in July. Data are as follows:

By July 31, Jobs 13-43 and 13-44 were completed and sold. Jobs 13-45 and 13-46 were still in process.

Required:

1. Calculate the activity rates for each of the three overhead activities. Round all activity rates to the nearest cent.

2. Prepare job-order cost sheets for each job showing all costs through July 31.

When required, round your answers to the nearest dollar. If an amount is zero, enter "0".

3. Calculate the balance in Work in Process on July 31.
$

4. Calculate the cost of goods sold for July.
$

5. What if Job 13-46 required no engineering change orders? What is the difference in the new cost of Job 13-46?

$   

How would the cost of the other jobs be affected?

Given the following information on a 30-year fixed-payment fully amortizing loan, determine the owner’s equity in the property after seven years if the market value of the property is $240,000 at the end of year 7: rate: 7%; monthly payment: $1,200.

goal Find the average of the elements in the list (list could have any number of elements).
If the average is a decimal number, return only the integer part. Example: if average=10.8, return 10
Example: if list={10, 20, 30, 40, 50}, the method should return: 30

import java.io.*;
import java.util.Scanner;

class Node {
int data;
Node next;
Node(int d){ // Constructor
   data = d;
   next = null;
}
}

class LinkedList {// a Singly Linked List
   Node head; // head of list
   public void insert(int data){ // Method to insert a new node
       Node new_node = new Node(data); // Create a new node with given data
       new_node.next = null;
       if (head == null) // If the Linked List is empty, then make the new node as head
           head = new_node;
       else {// Else traverse till the last node and insert the new_node there
           Node last = head;
           while (last.next != null)
               last = last.next;
           last.next = new_node; // Insert the new_node at last node
       }
   }
}

class Main {
public static void main(String[] args)
   {
       LinkedList list = new LinkedList();/* Start with the empty list. */
       Scanner scan = new Scanner(System.in);
       int num;
       for (int i=0; i<10; i++){//Read list values
           num = scan.nextInt();
           list.insert(num);
       }
System.out.println(""+getAvg(list));
   }

   
public static int getAvg(LinkedList list) {
       //goal Find the average of the elements in the list (list could have any number of elements).
      
       //If the average is a decimal number, return only the integer part. Example: if average=10.8, return 10
       //Example: if list={10, 20, 30, 40, 50}, the method should return: 30

      
   }

}

An investigator analyzed the leading digits from

796796

checks issued by seven suspect companies. The frequencies were found to be

55​,

1818​,

00​,

8989​,

224224​,

412412​,

88​,

1717​,

and

2323​,

and those digits correspond to the leading digits of​ 1, 2,​ 3, 4,​ 5, 6,​ 7, 8, and​ 9, respectively. If the observed frequencies are substantially different from the frequencies expected with​ Benford's law shown​ below, the check amounts appear to result from fraud. Use a

0.0250.025

significance level to test for​ goodness-of-fit with​Benford's law. Does it appear that the checks are the result of​ fraud?

Determine the null and alternative hypotheses.

Upper H 0H0​:

The leading digits are from a population that conforms to Benford's law.

Upper H 1H1​:

At least one leading digit has a frequency that does not conform to Benford's law.

Calculate the test​ statistic,

chi squaredχ2.

chi squaredχ2equals=nothing

​(Round to three decimal places as​ needed.)

Enter your answer in the answer box and then click Check Answer.

match each subsidiary ledger and general ledger post one on each description

The Attaran Corporation manufactures two electrical​ products: portable air conditioners and portable heaters. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each heater must go through 2 hours of wiring and 1 hour of drilling. During the next production​ period, 240 hours of wiring time are available and up to 130 hours of drilling time may be used. Each air conditioner sold yields a profit of ​$20. Each heater assembled may be sold for a ​$16 profit.

Number of air conditioners to be produced​ =_____ ​(round your response to two decimal​ places).
Number of heaters to be produced​ = _______​(round your response to two decimal​ places).
Optimal solution value​ = _______​(round your response to two decimal​ places).

** Use R for the following analysis.

Use the BoneAcid.xlsx data to check what is causing the variation in the acid content in bones among 42 male skeletons from 2 cemeteries. The independent variables included are internment lengths, ages, depths, lime addition and contamination in soil.

Variables/Columns

Burial Site   (1 or 2)

Internment Time (Years)

Burial Depth (feet)   

LimeAdded (at internment) (1=Yes, 0=No)

Death_Age (Age of Person at the time of death)

Acid Level (g/100g of bone)

Contamination (In soil) (1=Yes, 0=No)  

1. Undertake appropriate basic data analytics to motivate the regression model Use dummy variables for each of Burial Site, LimeAdded, and Contamination (If required create the dummy-variables for each).

2. Do you suspect any multicollinearity problem could affect the regression coefficients?

3. Run a regression model of the Acid Level on all independent variables provided and interpret all regression coefficients.

4. Briefly describe what you need to do before conducting any hypothesis testing when you find evidence of heteroscedasticity in an OLS regression model? Test for heteroscedasticity to check for evidence of heteroscedasticity in part 3

5. Test the hypothesis that

i. Beta_InternmentTime < -0.00675

ii. Jointly Beta_BurialSite = Beta_BurialDepth =Beta_LimeAdded=0

6, What is the best model specification that would explain acid content in bones better?

Analysis of Financial Statements: Tying the Ratios Together

The DuPont equation shows the relationships among asset management, debt management, and -Select-liquiditymarketprofitabilityCorrect 1 of Item 1  ratios. Management can use the DuPont equation to analyze ways of improving the firm's performance.

Ratio analysis is important to understand and interpret financial statements; however, sound financial analysis involves more than just calculating and interpreting numbers.

-Select-QuantitativeQualitativeForeignCorrect 2 of Item 1  

factors also need to be considered.

Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below.

What is the firm’s 2018 current ratio? Round your answer to two decimal places.

If the industry average debt-to-total-assets ratio is 30%, then Rosnan’s creditors have a -Select-smallerbiggerCorrect 1 of Item 3  cushion than indicated by the industry average.

What is the firm’s 2018 net profit margin? Round your answer to four decimal places.
%

If the industry average profit margin is 12%, then Rosnan’s lower than average debt-to-total-assets ratio might be one reason for its high profit margin.
-Select-TrueFalseCorrect 1 of Item 4

What is the firm’s 2018 price/earnings ratio? Round your answer to two decimal places.

Using the DuPont equation, what is the firm’s 2018 ROE? Round your answer to two decimal places.
%