Classifying Cost Behavior
For each of the graphs displayed below, select the most appropriate
cost behavior pattern where the lines represent the cost behavior
pattern, the vertical axis represents total costs, the horizontal
axis represents total volume, and the dots represent actual costs.
Each pattern may be used more than once.
Using the drop-down box next to each cost description below, select the number to the graph that best depicts the cost behavior pattern.
| a. | A cellular telephone bill when a flat fee is charged for the first 500 minutes of use | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| per month and additional use costs $0.25 per minute | ||
| b. | Total selling and administrative costs | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| c. | Total labor costs when employees are paid per unit produced | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| d. | Total overtime premium paid production employees | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| e. | Average total cost per unit | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| f. | Salaries of supervisors when each one can supervise a maximum of 10 employees | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| g. | Total idle time costs when employee are paid for a minimum 40-hour week | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| h. | Materials costs per unit | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| i. | Total sales commissions. | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| j. | Electric power consumption in a restaurant | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| k. | Total costs when high volumes of production require the use of overtime | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| and obsolete equipment | ||
| l. | A good linear approximation of actual costs | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
| m. | A linear cost estimation valid only within the relevant range | Answer(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12) |
In: Accounting
Sales Territory and Salesperson Profitability Analysis
Havasu Off-Road Inc. manufactures and sells a variety of commercial vehicles in the Northeast and Southwest regions. There are two salespersons assigned to each territory. Higher commission rates go to the most experienced salespersons. The following sales statistics are available for each salesperson:
| Northeast | Southwest | |||||||
| Rene | Steve | Colleen | Paul | |||||
| Average per unit: | ||||||||
| Sales price | $15,500 | $16,000 | $14,000 | $18,000 | ||||
| Variable cost of goods sold | $9,300 | $8,000 | $8,400 | $9,000 | ||||
| Commission rate | 8% | 12% | 10% | 8% | ||||
| Units sold | 36 | 24 | 40 | 60 | ||||
| Manufacturing margin ratio | 40% | 50% | 40% | 50% | ||||
a. 1. Prepare a contribution margin by salesperson report. Calculate the contribution margin ratio for each salesperson.
| Havasu Off-Road Inc. | ||||
| Contribution Margin by Salesperson | ||||
| Rene | Steve | Colleen | Paul | |
| Sales | $ | $ | $ | $ |
| Variable cost of goods sold | ||||
| Manufacturing margin | $ | $ | $ | $ |
| Variable commission expense | ||||
| Contribution margin | $ | $ | $ | $ |
| Contribution margin ratio | % | % | % | % |
a. 2. Interpret the report.
Paul earns the highest contribution margin and has the highest contribution margin ratio. This is because he sells the most units, has a low commission rate, and sells a product mix with a high manufacturing margin. Steve also sells products with a high average manufacturing margin but at a high commission rate. Colleen has the poorest contribution margin ratio among the four salespersons. Although Rene has a high variable cost of goods sold and also sells products with a low average sales price per unit, she has the second highest total contribution margin.
b. 1. Prepare a contribution margin by territory report. Calculate the contribution margin for each territory as a percent, rounded to one decimal place.
| Havasu Off-Road Inc. | ||
| Contribution Margin by Territory | ||
| Northeast | Southwest | |
| Sales | $ | $ |
| Variable cost of goods sold | ||
| Manufacturing margin | $ | $ |
| Variable commission expense | ||
| Contribution margin | $ | $ |
| Contribution margin ratio | % | % |
b. 2. Interpret the report.
The Southwest Region has $ more sales and $ more contribution margin. In the Southwest Region, the salesperson with the highest sales unit volume, has the highest contribution margin ratio. The Southwest Region has the highest performance, even though it also has the salesperson with the lowest contribution margin and contribution margin ratio. The Northeast Region contribution margin is less than the Southwest Region because of the outstanding performance of Paul .
In: Accounting
The transportation ageney of a California county unilaterally created a voluntary affirmative action plan for the hiring and promotion of employees. One provision of the plan provided that, in making promotions to positions within a traditionally segregated job classification in which women have been significantly underrepresented, the agency was authorized to consider as one factor the sex of a qualified applicant. The agency noted in its affirmative action plan that women were represented in numbers far lower than their proportion of the county labor force in five of seven job categories. The stated goal of the affirmative action plan was to achieve a statistically measurable yearly improvement in the hiring, training, and promotion of minorities and women in all major job classifications where they were underrepresented. The long-term goal was to attain a work force whose composition reflected the proportion of minorities and women in the area relevant labor market. When a vacancy arose in the agency for promotion to road dispatcher, twelve county employees applied, and nine of them were deemed qualified and were interviewed. At the conclusion of the interviews, seven employees were certified as eligible for selection by the appointing authority. Two of the seven scored 75 and were tied for second, and a female applicant scored 73 and was ranked third. The director of the ageney, who was authorized to choose any of the seven candidates, chose not to follow a second interviewing board's recommendation to promote one of the second-ranked applicants, a male, but instead opted to select the only female candidate, who was the third-ranked applicant. In doing so, the director had taken into account the candidates' qualifications, their test seores, their expertise, and their backgrounds, as well as the affirmative action goal. Upon hearing that the female candidate had been selected over him, the male applicant who had been recommended by the board filed a complaint with the EEOC, claiming that he had been denied promotion in violation of Title VII on the basis of his sex.
a. Under Title VII was the county impermissibly using sex in its selection procedure? Why or why not?
b. Under the Fourteenth Amendment was the county impermissibly using sex in its selection procedure? Why or why not?
In: Operations Management
|
Net Present Value—Unequal Lives Project 1 requires an original investment of $78,300. The project will yield cash flows of $14,000 per year for nine years. Project 2 has a calculated net present value of $18,100 over a seven-year life. Project 1 could be sold at the end of seven years for a price of $51,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below.
a. Determine the net present value of Project 1
over a seven-year life with residual value, assuming a minimum rate
of return of 10%. If required, round to the nearest dollar. b. Which project provides the greatest net
present value? |
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In: Accounting
1. Thirty years ago, the mean number of rides that were disabled (broken) for more than two
hours at Disneyland was 10.2 per month. The current CEO, Bob Iger, believes that number has
gone down and randomly selects 11 months from the past three years and checks on the number
of disabled rides. If the mean has decreased, he will give the members of the maintenance staff a
$50K bonus this year. If not, they will all be immediately fired.
14
10
5
6
8
10
10
8
9
9
7
a. At the 10% significance level, do the data provide evidence that the mean number of disabled
rides per month has decreased?
b. In the context of this problem, describe Type I and Type II errors and their consequences.
Which one, in your opinion, is more severe?
Type I:
Type II:
In: Math
Part 1: Select a blog topic from the list provided below. Consider your own knowledge and interest in the topic. Consider your ability to craft a worthwhile blog post using the three-step process for successful blogging outlined in Chapter 8. Blog topics Review a current business book Compare two TED Talks on the topic of business Provide editorial commentary on a current, debatable business issue Provide biographical information on an influential business leader Reflect on a previous business course Explain a business process Recount an engaging team-building activity Describe a workplace conflict that ended with a positive outcome Part 2: Develop a three-to-five-paragraph blog post based on the blog topic that you selected. Review the Writing Strategies for Social Media (seven key points) outlined in Chapter 8 to analyze your blog post. The email should adhere to the following criteria: Include a compelling headline. Provide original and well-developed content. Do not copy another author blog post. Give credit to the original source when providing supporting information. Demonstrate an understanding of content curation by effectively sharing one useful link to an article or video. Provide insight into your character and associations. Make the purpose of your post clear to the reader. Proofread for grammar, spelling, punctuation and content errors.
In: Operations Management
Please match the following terms with their description.
1- Cash Budget
2- Capital Budget
3- Operating Budget
4- Debt Principal
5- Interest Expense
6- Dividends Paid
7- Net Income
8- Treasury Stock Purchases
9- Debt Service
10- Depreciation Expense
The options
[ Choose ]
1- A financing activity representing the distribution of earnings to shareholders.-
2-The combined cash flow from interest and principal activity related to debt financing.
3- A financing activity representing the repurchase of stock from shareholders.
4- A financial plan covering all of the inflows and outflows of cash.
5- The primary cash received or paid on company debt financing.
6- The net effect of revenues and expenses for the year, which can be cash or non-cash activity.
7- The non-cash cost of writing off capital over a period of years.
8- A financial plan for the year's operations, which represents the statement of earnings.
9- The financing cost paid on outstanding notes and bonds.
10- A financial plan for the purchase and sale of property, plant, and equipment.
In: Accounting
Match the following.
1.All the labor surrounding food in the family: planning, shopping, cooking, cleaning up.
2.The people, processes and institutions that carry out the production, processing, distribution, consumption and wast management of food.
3.Deliberately growing plants and raising animals to be more plentiful for human consumption.
4.Selectively growing plants and breeding animals to emphasize traits that make them more useful to humans.
5.Any activity through which we define for ourselves and others who we are socially and culturally.
6.The institutional and cultural arrangements and spaces around us that influence our relationship to food.
7.Paying others to do feeding or house work for you
8.The what, where, when, how and why of eating.
9.The tastes, habits and knowledge that have currency in society or convey higher social status.
| 1. |
Foodways |
| 2. |
Food System |
| 3. |
Foodscape |
| 4. |
Domestication |
| 5. |
Agriculture |
| 6. |
Identity Work |
| 7. |
Feeding Work |
| 8. |
Domestic Outsourcing |
| 9. |
Cultural Capital |
In: Psychology
(1) Convert negative fractional decimal number to 8-bit binary number: – 6.625
Hint: –7 + 0.375
Given the hint above, the fractional number will be divided into
two parts,
- Whole number,
- Fractional part, must be positive
(2) Use 2's complement binary format to convert negative fractional decimal number to 8-bit binary number: – 6.625
(3) Proof to check that your representation calculation for (1) & (2) is correct
In: Computer Science
The cash flows of a firm next year will be either $250 or $1,750 in two equally probable scenarios. The firm dissolves at the end of the year and discount rates are zero. The firm has debt with face value $500 and maturity one year (no coupon).
1. What is the value of the firm? What is the value for shareholders? What is the value of bondholders?
2.. Suppose that the firm decides to invest in a safer asset that transforms its payoffs to 500$ and 1, 500$. What is the change in the wealth of shareholders and bondholders?
3. Suppose that the firm decides to invest in a riskier asset that transforms its payoffs to 0$ and 2, 000$. What is the change in the wealth of shareholders and bondholders?
Lost with this, please explain how to come to answers!
In: Finance