Waterway Mars, a recent graduate of Bell’s accounting program, evaluated the operating performance of Dunn Company’s six divisions. Waterway made the following presentation to Dunn’s board of directors and suggested the Percy Division be eliminated. “If the Percy Division is eliminated,” she said, “our total profits would increase by $26,900.”

In the Percy Division, cost of goods sold is $59,200 variable and $17,800 fixed, and operating expenses are $31,600 variable and $18,900 fixed. None of the Percy Division’s fixed costs will be eliminated if the division is discontinued.

Is Waterway right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

The Superior Gardening Service provides gardening services to its clients. The company uses an activity-based costing system for its overhead costs. The company has provided the following data from its activity-based costing system.

Activity Cost Pool   Total Cost    Total Activity

Gardening $125,425 17,300 hours

Job support 28,134 1,775 jobs

Client support 4,530 280 clients

Other     150,000 Not applicable

Total   $308,089

The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs.

One particular client, the Gutierrez family, requested 24 jobs during the year that required a total of 175 hours of gardening. For this service, the client was charged $2,500.

Required:
a. Compute the activity rates for the activity cost pools. Round off all calculations for the nearest 2 decimals.
b. Using the activity-based costing system, compute the customer margin for the Gutierrez family. Round off all calculations to the nearest 2 decimals.
c. Assume the company decides instead to use a traditional costing system in which ALL costs are allocated to customers on the basis of gardening hours. Compute the margin for the Gutierrez family. Round off all calculations to the nearest 2 decimals.

If quantity is 100 when price is $50, what is total revenue?

Given a quantity of 1,000, a price of $10, and a total cost of $8,000, calculate total profit.

On a monopoly graph, how do you find the profit maximizing level of output?

Which of the following is a characteristic of monopolistic competition?

If the 5 firms in an industry have market shares of 40, 30, 15, 10, and 5, calculate the Hirerfindahl-Hirschman Index.

What is the general solution for dealing with the market failure of public goods?

Does the existence of a negative externality result in the market system producing too much or too little of the product compared to what is best for society?

Exercise 7-15 (Video)

Veronica Mars, a recent graduate of Bell’s accounting program, evaluated the operating performance of Dunn Company’s six divisions. Veronica made the following presentation to Dunn’s board of directors and suggested the Percy Division be eliminated. “If the Percy Division is eliminated,” she said, “our total profits would increase by $26,600.”

In the Percy Division, cost of goods sold is $59,400 variable and $17,300 fixed, and operating expenses are $30,100 variable and $20,300 fixed. None of the Percy Division’s fixed costs will be eliminated if the division is discontinued.

Is Veronica right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Veronica Mars, a recent graduate of Bell’s accounting program, evaluated the operating performance of Dunn Company’s six divisions. Veronica made the following presentation to Dunn’s board of directors and suggested the Percy Division be eliminated. “If the Percy Division is eliminated,” she said, “our total profits would increase by $27,000.”

The Other Five Divisions Percy Division Total Sales $1,663,000 $100,300 $1,763,300 Cost of goods sold 978,700 76,800 1,055,500 Gross profit 684,300 23,500 707,800 Operating expenses 527,700 50,500 578,200 Net income $156,600 $ (27,000 ) $129,600 In the Percy Division, cost of goods sold is $60,000 variable and $16,800 fixed, and operating expenses are $30,800 variable and $19,700 fixed. None of the Percy Division’s fixed costs will be eliminated if the division is discontinued. Is Veronica right about eliminating the Percy Division?

Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease)

Sales $ $ $

Variable costs

Cost of goods sold

Operating expenses

Total variable

Contribution margin

Fixed costs

Cost of goods sold

Operating expenses

Total fixed

Net income (loss) $ $ $

Veronica is

#Create a class called FrapOrder. FrapOrder should
#have two attributes (instance variables): size and
#extra_shots. Make sure the variable names match those
#words. size will be a character, either "S", "M", or "L".
#extra_shots will be an integer.
#
#FrapOrder should have a constructor with two required
#parameters, one for each of those attributes (size and
#extra_shots, in that order).
#
#FrapOrder should also have a method called get_total.
#get_total should calculate the total cost of the order.
#If size is "S", the base cost is 2.50. If the size is "M",
#the base cost is 3.50. If the size is "L", the base cost is
#4.50. Then, each extra shot costs $0.35.
#
#For example, if size is "M" and extra_shots is 2, then
#get_total would return 4.2: 3.50 + 0.70 = 4.20 (and Python
#drops trailing 0s).
#
#total should NOT be an attribute of the class; instead,
#total should be calculated and returned live when the method
#get_total is called.
#
#The get_total method should have NO parameters besides self.
#Instead, it should calculate the total based on the current
#values for the size and extra_shots attributes.

#Write your class here!

#The code below will test your function. If it works, it
#should print "M" (without the quotes), 2, and 4.2 in that
#order.
test_order = FrapOrder("M", 2)
print(test_order.size)
print(test_order.extra_shots)
print(test_order.get_total())

Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2019.

The advertising department developed and distributed 240 advertisements during the year. Of these, 72 promoted shoes and 168 promoted clothing. Utilities expense of $45,000 is an indirect expense to all departments.

Complete a departmental expense allocation spreadsheet for Marathon Running Shop. The spreadsheet should assign (1) direct expenses to each of the four departments, (2) the $45,000 of utilities expense to the four departments on the basis of floor space occupied, (3) the advertising department’s expenses to the two operating departments on the basis of the number of ads placed that promoted a department’s products, and (4) the administrative department’s expenses to the two operating departments based on the amount of sales.

I need direct answer just to compare with my solution

Thanks

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Evan's Electronics Boutique sells a digital camera. The following information was reported for the digital camera last month:

Evan's margin of safety in dollars and percentage are closest to:

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

What is the net operating income for the month under absorption costing?

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Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $40,200 for Division A. Division B had a contribution margin ratio of 45% and its sales were $204,000. Net operating income for the company was $31,400 and traceable fixed expenses were $52,800. Corbel Corporation's common fixed expenses were:

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At an activity level of 8,400 units in a month, Braughton Corporation’s total variable maintenance and repair cost is $697,284 and its total fixed maintenance and repair cost is $464,100. What would be the total maintenance and repair cost, both fixed and variable, at an activity level of 8,500 units in a month? Assume that this level of activity is within the relevant range

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At an activity level of 9,100 machine-hours in a month, Falks Corporation’s total variable production engineering cost is $803,530 and its total fixed production engineering cost is $161,280. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 9,600 machine-hours in a month? Assume that this level of activity is within the relevant range.

Flexible Overhead Budget

Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 17,000 hours of productive capacity in the department:

Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 15,000, 17,000, and 19,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.

Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2017.