What is the difference between a contractor and the government’s definition of a reasonable cost?

Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $32,000. The estimated useful life was five years and the residual value was $4,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1, 2,100 units; year 2, 3,100 units; year 3, 2,100 units; year 4, 2,100 units; and year 5, 600 units.

Required:

1. Complete a depreciation schedule for each of the alternative methods.
   a. Straight-line.
   b. Units-of-production.
   c. Double-declining-balance.

2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method?

6. Suppose that it is known that the mean cost for a certain medical procedure is $50,000 and that the standard deviation is $13,000.

(a) If you draw a random sample of 45 patients who underwent the same medical procedure, what is the sampling distribution for the sample mean cost based on these 45 patients? Justify your response in one sentence.

(b) What is the probability that the sample mean cost from these 45 patients is between $52,000 and $55,000?

A scraper will be purchased for a cost of $420,760. After a useful life of 5 years, it will be sold for $40,000. Assume interest of 15% for borrowing money, 4% for risk, and 3% as the equivalent interest rate for taxes, insurance, and storage. What is the annual ownership cost ? Approximately how many hours per year must the scraper be used to be able to charge it out at an hourly cost of $44.30 ?

The major issues of the health care system in the United States are the cost of health care, access to health care and quality of health care.

In a minimum of 250 words list and explain an example of each of the 3 major issues.

what a Global Cost is and what it means to have availability of Capital?

explain the difference between microeconomics and macroeconomics?

what are opportunity cost?

An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.

1. Compute b₁ and b₀ (to 1 decimal).
   b₁
   b₀
   
   Complete the estimated regression equation (to 1 decimal).
   yhat = ____ + _____ x
   
2. What is the variable cost per unit produced (to 1 decimal)?
   $
   
3. Compute the coefficient of determination (to 3 decimals). Note: report r² between 0 and 1.
   r² =
   
   What percentage of the variation in total cost can be explained by the production volume (to 1 decimal)?
   %
   
4. The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number)?

An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.

b1=

b0=

y1= _____ + ______x

b. What is the variable cost per unit?

r2=

What percentage of the variation in total cost can be explained by the production volume?

The company's production schedule shows 500 units must be produced next month. What is the estimated total cost for this operation (to the nearest whole number