Cost of Units Completed and in Process

The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

a. Based on the above data, determine the different costs listed below.

If required, round your interim calculations to two decimal places.

b. Did the production costs change from the preceding period?

Answers -

No/Yes?

c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period?

Answers -

Decrease/increase/remain the same?

) Suppose that the firm’s total cost function is of the form C(y) = 100 + 10y + y^2 . Where does the average cost function reach a minimum? Consider the following demand curves:

i. D(P) = 130 − 4P

ii. D(P) = 120 − 2P

iii. D(P) = 120 − 4P

For which of these examples is the firm a natural monopoly? [There may be multiple tests to answer this question. Clearly state which one you are using. That is give a specific mathematical criterion for this and the intuition for using that choice.

Can you please explain thoroughly, thank you.

A company sells a service with demand for service Q = 500 - P.

The cost of each service is $3000 + $100 per user of the service

1) What is the profit maximizing price the business will charge? How many people can use the service? What is the companys profit for each service?

2) The company decides to open up an upper market version of the service. Regular demand is shown as Q1 = 260 - 0.4P, and the upper market being Q2 = 240-0.6P.

The uppermarket version having a higher price, What price does the company charge the upper market service? What price does the company charge the regular service? Will the change reduce number of total custoemrs?

3) WIll the new price system provide profit for the company

4) What is the total change in consumer surplus with the price discrimination?

5) Will DWL be changed due to the price change?

Details of CPA Company are as follows:

Sales 5,000,000

           Cost of Goods Sold                                                                 2,000,000

           Interest Income reported 5,000

           Operating Expense per PFRS                                                 1,500,000

           Warranty Expense                                                                     250,000

           Actual Warranty Paid                                                                 200,000

           Depreciation Expense per PFRS                                               200,000

           Depreciation Expense per BIR                                                  150,000

           Doubtful Accounts 100,000

           Accounting Income                                                                   400,000

           Tax Rate                                                                                   30%

1.    How much is the Income Tax Expense of CPA Company?

2.    How much is the Income Tax Payable (Current Tax Expense) of CPA Company?

3. Statement I       : Future Taxable Difference is a Permanent Difference

Statement II      : Future Deductible Difference is a Temporary Difference

1. Both Statements are True
2. Both Statements are False
3. Only Statement 1 is True
4. Only Statement 2 is True

1. 4. Statement I       : In a Direct Financing Lease the Lessor earn from Financing Income Only

Statement II      : In a Direct Financing Lease the Lessor does not earn Dealers Income

1. Both Statements are True
2. Both Statements are False
3. Only Statement 1 is True
4. Only Statement 2 is True

The Fan Cost Index​ (FCI) is a measure of how much it costs a family of four to attend a major league baseball game.

The frequency distribution and the histogram for the Fan Cost Index are given below:

(a) Determine the shape of the distribution.

A. Right Skewed

B. Left Skewed

C. Normal

D. Uniform

​

(b) Determine if the mean or the median would be a better measure of center for this distrubution. If the mean is​ better, calculate the value. If the median is​ better, give the midpoint of the interval that contains it.

Select the correct choice below and fill in the answer box to complete your choice.

A. The median is a better measure of center for this distribution.

The midpoint of the interval that contains the median is $_______.

B. The mean is a better measure of center for this distribution.

The value of the mean is $_______.

A company is trading in a fully depreciated old asset for a new one. Cost of the new asset is $5,000 with a 5 year life and straight-line depreciation will be used. The company receives a $500 allowance for the asset traded in. Additional sales revenue from the investment will be $2,100 and expenses of $400 (excluding depreciation). The company is in a 25% tax bracket. The payback period is:

a. 7.5 years

b. 8.33 years

c. 3.46 years

d. 2.95 years

34. Given the facts in question 53, the ARR is:

a. 17.8%

b. 23.3%

c. 8.9%

d. 8%

Compare the cost minimization and the profit maximization approaches to the derivation of the transactions demand for money. What insights do we get for the transactions money demand from using the profit maximization approach that are not apparent from the cost minimization approach?

Write an abstract/brief summary of the Economic and Social Cost of the Opioid Crisis in the US. Provide some data/research about this problem. Please write as much as you can and don't copy everything from the internet.