ALPHA Company makes three types of sunglasses: Nerds, Stars, and Fashions. ALPHA Company presently allocates overhead to products using a rate based on direct labor-hours. A consultant recommended that ALPHA switch to activity-based costing. Management decided to give ABC a try and identified the following activities, cost drivers, and costs for a typical year for each activity center. Use this information to compute the overhead rates for each cost driver.
|
Activity |
Recommended cost driver |
Costs |
Cost driver units |
|
Production setup |
Production runs |
$ 30,000 |
100 |
|
Order processing |
Orders |
50,000 |
200 |
|
Materials handling |
Pounds of materials used |
20,000 |
8,000 |
|
Equipment depreciation and maintenance |
Machine-hours |
60,000 |
10,000 |
|
Quality management |
Inspections |
50,000 |
40 |
|
Packing and shipping |
Units shipped |
40,000 |
20,000 |
|
Total overhead |
$250,000 |
In addition, there are 2,500 direct labor-hours in a typical year.
Assume the following activities occurred in February of 2011:
|
Nerds |
Stars |
Fashions |
|
|
Units produced |
1,000 |
500 |
400 |
|
Direct materials costs |
$4,000 |
$2,500 |
$2,000 |
|
Direct labor-hours |
100 |
100 |
89 |
|
Orders |
8 |
8 |
4 |
|
Production runs |
2 |
4 |
8 |
|
Pounds of material |
400 |
200 |
200 |
|
Machine-hours |
500 |
300 |
300 |
|
Inspections |
2 |
2 |
2 |
|
Units shipped |
1,000 |
500 |
300 |
Direct labor costs are $15 per hour.
Requirement:
1. Calculate the activity cost rates for (each activity center.
2. Cost out the three products using an activity-based costing system.
Note : the Answers should be computerized Please
In: Accounting
ALPHA Company makes three types of sunglasses: Nerds, Stars, and Fashions. ALPHA Company presently allocates overhead to products using a rate based on direct labor-hours. A consultant recommended that ALPHA switch to activity-based costing. Management decided to give ABC a try and identified the following activities, cost drivers, and costs for a typical year for each activity center. Use this information to compute the overhead rates for each cost driver.
|
Activity |
Recommended cost driver |
Costs |
Cost driver units |
|
Production setup |
Production runs |
$ 30,000 |
100 |
|
Order processing |
Orders |
50,000 |
200 |
|
Materials handling |
Pounds of materials used |
20,000 |
8,000 |
|
Equipment depreciation and maintenance |
Machine-hours |
60,000 |
10,000 |
|
Quality management |
Inspections |
50,000 |
40 |
|
Packing and shipping |
Units shipped |
40,000 |
20,000 |
|
Total overhead |
$250,000 |
In addition, there are 2,500 direct labor-hours in a typical year.
Assume the following activities occurred in February of 2011:
|
Nerds |
Stars |
Fashions |
|
|
Units produced |
1,000 |
500 |
400 |
|
Direct materials costs |
$4,000 |
$2,500 |
$2,000 |
|
Direct labor-hours |
100 |
100 |
89 |
|
Orders |
8 |
8 |
4 |
|
Production runs |
2 |
4 |
8 |
|
Pounds of material |
400 |
200 |
200 |
|
Machine-hours |
500 |
300 |
300 |
|
Inspections |
2 |
2 |
2 |
|
Units shipped |
1,000 |
500 |
300 |
Direct labor costs are $15 per hour.
Requirement:
2. Calculate the activity cost rates for (each activity center.
3. Cost out the three products using an activity-based costing system.
In: Accounting
Problem in chapter 15 of Java book. Need a solution please! Problem: Standard telephone keypads contain the digits zero through nine. The numbers two through nine each have three letters associated with them (as seen below). Many people find it difficult to memorize phone numbers, so they use the correspondence between digits and letters to develop seven-letter words that correspond to their phone numbers. For example, a person whose telephone number is 686-2377 might use this tool to develop the seven-letter word “NUMBERS.” 2: A B C 3: D E F 4: G H I 5: J K L 6: M N 0 7: P R S 8: T U V 9: W X Y Every seven-letter phone number corresponds to many different seven-letter words, but most of these words represent unrecognizable juxtapositions of letters. It’s possible, however, that the owner of a barbershop would be pleased to know that the shop’s telephone number, 424-7288, corresponds to “HAIRCUT.” A veterinarian with the phone number 738-2273 would be pleased to know that the number corresponds to the letters “PETCARE.” An automotive dealership would be pleased to know that the dealership number, 639-2277, corresponds to “NEWCARS.” Write a program that prompts the user to enter a seven-digit telephone number as input and calculates all possible seven-letter word combinations. After sorting the result, print the first and last 10 combinations.
Please include pictures of compilation
In: Computer Science
why are depository institutions are more prone to runs than other financial intermediaries.
In: Finance
If the U.S. government runs a budget deficit that will reduce interest rates?
True
False
In: Economics
Burnside Marketing Research conducted a study for Barker Foods on several formulations for a new dry cereal. Three attributes were found to be most influential in determining which cereal had the best taste: ratio of wheat to corn in the cereal flake, type of sweetener (sugar, honey, or artificial), and the presence or absence of flavor bits. Seven children participated in taste tests and provided the following part-worths for the attributes (see section 13.4 ):
| Wheat/Corn | Sweetener | Flavor Bits | |||||
| Child | Low | High | Sugar | Honey | Artificial | Present | Absent |
| 1 | 15 | 35 | 30 | 40 | 25 | 15 | 9 |
| 2 | 30 | 20 | 40 | 35 | 35 | 8 | 11 |
| 3 | 40 | 25 | 20 | 40 | 10 | 7 | 14 |
| 4 | 35 | 30 | 25 | 20 | 30 | 15 | 18 |
| 5 | 25 | 40 | 40 | 20 | 35 | 18 | 14 |
| 6 | 20 | 25 | 20 | 35 | 30 | 16 | 9 |
| 7 | 30 | 15 | 40 | 25 | 40 | 20 | 11 |
| (a) | Suppose the overall utility (sum of part-worths) of the current favorite cereal is 75 for each child. What product design will maximize the number of children in the sample who prefer the new dry cereal. Note that a child will prefer the new dry cereal only if its overall utility is at least 1 part-worth larger then the utility of their current preferred cereal. | ||||||||
|
|||||||||
Share of Choice: (Answer) ?? |
|||||||||
| (b) | Assume that the overall utility of the current favorite cereal for children 1 to 4 is 70, and the overall utility of the current favorite cereal for children 5 to 7 is 80. What product design will maximize the share of choice for the seven children in the sample? | ||||||||
|
|||||||||
Share of Choice: (Answer) ?? |
In: Operations Management
|
Pair |
Intervention |
Control |
Difference |
|
1 |
10 |
26 |
-16 |
|
2 |
22 |
40 |
-18 |
|
3 |
44 |
66 |
-22 |
|
4 |
23 |
55 |
-32 |
|
5 |
8 |
16 |
-8 |
|
6 |
33 |
33 |
0 |
|
7 |
0 |
8 |
-8 |
|
8 |
8 |
6 |
2 |
|
9 |
14 |
18 |
-4 |
|
10 |
34 |
14 |
20 |
|
11 |
2 |
23 |
-21 |
|
12 |
10 |
15 |
-5 |
Using a standard table of Wilcoxon signed-rank critical values, determine whether there is a statistically significant difference in the number of Punnett square errors between students exposed to the intervention versus those in the control group. Use a two-tailed test and an alpha = 0.05. Write your brief conclusion for an educated lay person.
In: Statistics and Probability
Inventory Management
Your company keeps fleets of vehicles at a number of sites around the country. At each site the vehicles can be classified into two types: light and heavy. A heavy vehicle costs more per day, but it can do any task that a light vehicle can do. You would like to determine what mix of vehicles your company should have at each site. If you do not have enough vehicles of the appropriate size to meet the demand on a given day, you must rent the vehicles. Some cost data were collected on the cost of various vehicle types:
Vehicle Type Daily fixed cost Daily variable cost (if used)
Owned Light $32 $40
Owned Heavy $44 $54
Rented Light 0 $175
Rented Heavy 0 $225
At a particular site, your company collected demand data for the number of vehicles required on each of seven days:
Day Lights Heavies
1 6 0
2 3 2
3 5 4
4 8 3
5 2 1
6 4 4
7 1 2
Based on just the above data, what is your recommendation for the number of vehicles to own of each type at this site? What is your weekly cost?
Please shoe and explain using solver
In: Operations Management
1. The number of raisins in buns has Poisson distribution with an average of 5 raisins per bun.
a) Bob buys a bun every day. What is the expected number of buns he buys before he finds a bun with no raisins at all?
b) Joe bought a bun for breakfast and cut it into two equal parts. What is the probability that at least one of these parts has no raisins in it?
c) Emily bought seven buns in the last month. What is the probability that fewer than two of these buns had at least three raisins in them?
In: Statistics and Probability
Suppose that your salary is $35,000 in year one, will increase 6% per year through year 4, and is expressed in actual dollars as follows:
| EOY | Salary$ |
| 1 | 35,000 |
| 2 | 37,100 |
| 3 | 39,326 |
| 4 | 41,685 |
If the general price inflation is expected to average 8% per year for the first two years and 7% per year for the last two years.
A. What is the real dollar equvalent of these actual dollar salary amounts? Assume that base period is year one.
B. If your personal MARR is 10% per year, calculate the real interest rate?
In: Finance