The following stem-and-leaf plot represents the prices in dollars of general admission tickets for the last 1818 concerts at one venue. Use the data provided to find the quartiles.
Ticket Prices in Dollars
Stem Leaves
4 2 7 9
9
5 1 3 4
9
6 2 3 6
7 0 1 2
3 5 7 7
In: Statistics and Probability
Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS
At the beginning of June, Donewell Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:
| Job 44 | Job 45 | ||
| Direct materials | $4,800 | $1,900 | |
| Direct labour | 4,200 | 3,360 | |
| Applied overhead | 2,400 | 1,920 | |
| Balance, June 1 | $11,400 | $7,180 | |
During June, two more jobs (46 and 47) were started. The
following direct materials and direct labour costs were added to
the four jobs during the month of June:
| Job 44 | Job 45 | Job 46 | Job 47 | |||||
| Direct materials | $2,500 | $7,110 | $1,800 | $1,700 | ||||
| Direct labour | 800 | 6,400 | 900 | 560 | ||||
At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.
Required:
1. Calculate the overhead rate based on direct
labour cost. Round the percentage to the nearest whole number. For
example, .6372 would be rounded to 64%.
%
2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labour added in June. Apply overhead to the four jobs for the month of June, and show the ending balances. Round your answers to the nearest whole dollar. For those boxes in which no entry is required, enter "0".
| Donewell Company | ||||
| Job-Order Cost Sheet | ||||
| For the Month of June | ||||
| Job 44 | Job 45 | Job 46 | Job 47 | |
| Beginning balance, June 1 | $ | $ | $ | $ |
| Direct materials | ||||
| Direct labour | ||||
| Applied overhead | ||||
| Total, June 30 | $ | $ | $ | $ |
3. Calculate the ending balances of Work in Process and Finished Goods as of June 30. Round your answers to the nearest dollar.
| Work in process | $ |
| Finished goods | $ |
4. Calculate the Cost of Goods Sold for June.
Round your answer to the nearest dollar.
$
In: Accounting
A water trough is 8 m long and has a cross-section in the shape of an isosceles trapezoid that is 30 cm wide at the bottom, 80 cm wide at the top, and has height 50 cm. If the trough is being filled with water at the rate of 0.1 m3/min how fast is the water level rising when the water is 40 cm deep?
In: Math
Suppose you apply a 5-year bank loan of $500000 at 12% APR, repayable in equal installments at the end of each month.
a. How much do you need to pay each month?
b.How much is owed (to the bank) at the end of year 3?
c. How much interest is paid at the first month of year 4 of the loan? d. How much interest is paid over the last two years of the loan? (Round up your answer to the
nearest two decimal
d. How much interest is paid over the last two years of the loan? (Round up your answer to the nearest two decimal
In: Finance
You measure 22 textbooks' weights, and find they have a mean weight of 44 grams. Assume the population standard deviation is 12.5 grams. Based on this, construct a 95% confidence interval for the true population mean textbook weight. Assume n is sufficiently large so the normal test can be used.
Give your answers as decimals, to two places
______ < μ < _____
In: Statistics and Probability
A batted baseball is hit with a velocity of 44 m/s, starting from an initial height of 4 m. Find how high the ball travels in two cases:
(a) a ball hit directly upward and
(b) a ball hit at an angle of 69° with respect to the horizontal.
Also, find how long the ball stays in the air in each case.
case a:
case b:
In: Physics
Q2: Professor Fair believes that extra time does not improve grades on exams. He randomly divided a group of 300 students into two groups and gave them all the same test. One group had exactly 1 hour in which to finish the test, and the other group could stay as long as desired.
The results are shown in the following table.
Test at the 0.01 level of significance that time to complete a test? and test results are independent?.
*Do not generate the table by using Excel
|
Time |
A |
B |
C |
F |
Total |
|
1 hour |
20 |
45 |
61 |
14 |
140 |
|
Unlimited |
19 |
44 |
83 |
14 |
160 |
|
Total |
39 |
89 |
144 |
28 |
300 |
In: Statistics and Probability
The following table is from a publication. The individuals in the following table have an eye irritation, a nose irritation, or a throat irritation. They have only one of the three. Is there sufficient evidence to reject the hypothesis that the type of ear, nose, or throat irritation is independent of the age group at a level of significance equal to 0.05?
| Age (years) | ||||
| Type of Irritation | 18-29 | 30-44 | 45-64 | 65 and Older |
| Eye | 448 | 573 | 355 | 52 |
| Nose | 931 | 1302 | 771 | 92 |
| Throat | 270 | 294 | 175 | 15 |
(a) Find the test statistic. (Round your answer to two decimal
places.)
(ii) Find the p-value. (Round your answer to four decimal
places.)
In: Statistics and Probability
(Bond
relationship)
Mason, Inc. has two bond issues outstanding, called Series A and Series B, both paying the same annual interest of
$110110.
Series A has a maturity of
1212
years, whereas Series B has a maturity of
11
year.
a. What would be the value of each of these bonds when the going interest rate is (1)
44
percent, (2)
99
percent, and (3)
1313
percent? Assume that there is only one more interest payment to be made on the Series B bonds.
b. Why does the longer-term
(1212-year)
bond fluctuate more when interest rates change than does the shorter-term
(11-year)
bond?
In: Finance
Bond
relationship)
Mason, Inc. has two bond issues outstanding, called Series A and Series B, both paying the same annual interest of
$110110.
Series A has a maturity of
1212
years, whereas Series B has a maturity of
11
year.
a. What would be the value of each of these bonds when the going interest rate is (1)
44
percent, (2)
99
percent, and (3)
1313
percent? Assume that there is only one more interest payment to be made on the Series B bonds.
b. Why does the longer-term
(1212-year)
bond fluctuate more when interest rates change than does the shorter-term
(11-year)
bond?
In: Finance