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eBook Calculator Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information...

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Simplifying the ABC System: Equally Accurate Reduced ABC Systems

Selected activities and other information are provided for Patterson Company for its most recent year of operations.

Expected Consumption
Ratios
Activity         Driver         Quantity         Wafer A         Wafer B
7.   Inserting dies         Number of dies         2,000,000         0.7         0.3
8.  Purchasing materials         Number of purchase
   orders
        1,900         0.2         0.8
1.  Developing test programs         Engineering hours         11,000         0.25         0.75
3.  Testing products         Test hours         18,000         0.6         0.4
     ABC assignments                                 $150,000         $150,000
     Total overhead cost                                                         $300,000

Required:

1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar.

Inserting dies cost pool $
Purchasing cost pool $

2. Assign the costs of the reduced system cost pools to Wafer A and Wafer B. Do not round interim calculations. Round your final answers to the nearest dollar.

Wafer A $
Wafer B $

3. What if the two activities were 1 and 3? Repeat Requirements 1 and 2.

Form reduced system cost pools for activities 1 and 3.

Do not round interim calculations. Round your final answers to the nearest dollar.

Developing test programs cost pool $
Testing products cost pool $

Assign the costs of the reduced system cost pools to Wafer A and Wafer B.

Wafer A $
Wafer B $

In: Accounting

Concord Air Express decided to offer direct service from Cleveland to Myrtle Beach. Management must decide...

Concord Air Express decided to offer direct service from Cleveland to Myrtle Beach. Management must decide between a full-price service using the company’s new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service Concord Air offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to Myrtle Beach: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars):

Demand for Service

Service

Strong

Weak

Full Price

$960

-$490

Discount

$670

$320

  1. What is the decision to be made, what is the chance event, and what is the consequence for this problem? How many decision alternatives are there? How many outcomes are there for the chance event?
  2. If nothing is known about the probabilities of the chance outcomes, what is the recommended decision using the optimistic, conservative, and minimax regret approaches?
  3. Suppose that management of Myrtle Air Express believes that the probability of strong demand is 0.7 and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
  4. Suppose that the probability of strong demand is 0.8 and the probability of weak demand is 0.2. What is the optimal decision using the expected value approach?
  5. Use graphical sensitivity analysis to determine the range of demand probabilities for which each of the decision alternatives has the largest expected value.
  6. PLz show details for each step and give explanations. Thank you^^

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Question 2 – ​​​​​​​​​​ Concord Air Express decided to offer direct service from Cleveland to Myrtle...

Question 2 – ​​​​​​​​​​
Concord Air Express decided to offer direct service from Cleveland to Myrtle Beach. Management must decide between a full-price service using the company’s new fleet of jet aircraft and a discount service using smaller capacity commuter planes. It is clear that the best choice depends on the market reaction to the service Concord Air offers. Management developed estimates of the contribution to profit for each type of service based upon two possible levels of demand for service to Myrtle Beach: strong and weak. The following table shows the estimated quarterly profits (in thousands of dollars):
Demand for Service
Service
Strong
Weak
Full Price
$960
-$490
Discount
$670
$320
a) What is the decision to be made, what is the chance event, and what is the consequence for this problem? How many decision alternatives are there? How many outcomes are there for the chance event?
b) If nothing is known about the probabilities of the chance outcomes, what is the recommended decision using the optimistic, conservative, and minimax regret approaches?
c) Suppose that management of Myrtle Air Express believes that the probability of strong demand is 0.7 and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
d) Suppose that the probability of strong demand is 0.8 and the probability of weak demand is 0.2. What is the optimal decision using the expected value approach?
e) Use graphical sensitivity analysis to determine the range of demand probabilities for which each of the decision alternatives has the largest expected value.

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The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly...


The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:

Year12345
Mileage3,0503,9503,5003,8503,700


 a) Using a 2-year moving average, the forecast for year 6= _______  miles (round your response to the nearest whole number).

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Bridgeport Company purchased a delivery truck for 27,000 on January 1,2020. The truck has an expected...

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Compute depreciation expense for 2020 and 2021 using the straight-line method, the units-of-activity method, and the double-declining-balance method

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question/

Total U.S. farmland occupies 954 million acres. How many square miles is this? (l acre 43,560 ft2, I mile 5280 ft).

Total U.S. land area is 3.537 million square miles. What per-centage Of U.S. land is farmland?

I post this question in Chegg but they give me wrong answer , please I want write answer with detales and explaination

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A random sample of 30 Suffolk University employees had an average commute length of 13.5 miles,...

A random sample of 30 Suffolk University employees had an average commute length of 13.5 miles, with a standard deviation of 7.5 miles. What is the 90% confidence interval for the mean commute length of all Suffolk employees? Use 4 non-zero decimal places in your calculations.

(a) Find the tα/2 , df

(b) Find σx

(c) Find the margin of error (MoE) and construct the confidence interval

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linton company purchased a delivery truck for 33.000 on january 1 2017 the truck has an...

linton company purchased a delivery truck for 33.000 on january 1 2017 the truck has an expected salvage value of 1,300 and is expected to be driving 109,000 miles over its esitmated useful of life of 9 years. acutal miles driving were 15,400 for 2017 and 12,500 in 2018 what is the depreication expense for 2017 and 2018 using the stright line method , the unit of activity method and the decling balance method

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Cliffs of Insanity Point is located 194 miles from the Pedimaxus International Airport at a bearing...

Cliffs of Insanity Point is located 194 miles from the Pedimaxus International Airport at a bearing of N8.7ºE. The wind is blowing from the southeast to the northwest at 23 miles per hour. What speed and bearing should the pilot take so that she makes the trip in 2 hours? Round the speed to the nearest hundredth of a mile per hour and your angle to the nearest tenth of a degree.

speed = mph

bearing=   

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