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SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system: |
| Driver and guard wages | $ | 1,080,000 |
| Vehicle operating expense | 510,000 | |
| Vehicle depreciation | 390,000 | |
| Customer representative salaries and expenses | 420,000 | |
| Office expenses | 280,000 | |
| Administrative expenses | 580,000 | |
| Total cost | $ | 3,260,000 |
| The distribution of resource consumption across the activity cost pools is as follows: |
| Travel | Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
| Required: |
|
Complete the first stage allocations of costs to activity cost pools. |
In: Accounting
1. A building was purchased for $240,000 and has a useful life of 30 years, and a residual value of $90,000. After it has been used 5 years, its accumulated depreciation using the straight-line method would be
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a. $12,500 |
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b. $50,000 |
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c. $25,000 |
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d. $40,000 |
2.
Massachusetts Mining Company purchased a gravel pit for $2,500,000. It is estimated that 5 million tons of gravel can be extracted over the pit's useful life, with a residual value of $700,000. If 4 million tons are extracted and sold during the first year, how much depletion expense should be recorded?
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a. $2,000,000 |
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b. $1,440,000 |
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c. $1,800,000 |
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d. $1,050,000 |
3. If an asset cost $68,000 and has a residual value of $4,000 and a useful life of five years, the depreciation in the third year, using the double-declining balance method, would be (assume a full year of depreciation in the first year):
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a. $5,625 |
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b. $9,216 |
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c. $12,000 |
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d. $9,792 |
4. Which of the following would not be charged (debited) to the Vehicles account for the cost of a used car purchase?
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a. tax, title, and registration costs incurred prior to putting the car in use |
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b. the cost of an oil change after the car has been in use at our business for 3,000 miles |
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c. the purchase price of the car |
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d. the cost of having pre-existing bumper damage repaired before putting the car in use |
In: Accounting
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system:
| Driver and guard wages | $ | 980,000 |
| Vehicle operating expense | 410,000 | |
| Vehicle depreciation | 290,000 | |
| Customer representative salaries and expenses | 320,000 | |
| Office expenses | 180,000 | |
| Administrative expenses | 480,000 | |
| Total cost | $ | 2,660,000 |
The distribution of resource consumption across the activity cost pools is as follows:
| Travel |
Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
Required:
Complete the first stage allocations of costs to activity cost pools.
In: Accounting
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system:
| Driver and guard wages | $ | 980,000 |
| Vehicle operating expense | 410,000 | |
| Vehicle depreciation | 290,000 | |
| Customer representative salaries and expenses | 320,000 | |
| Office expenses | 180,000 | |
| Administrative expenses | 480,000 | |
| Total cost | $ | 2,660,000 |
The distribution of resource consumption across the activity cost pools is as follows:
| Travel |
Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
Required:
Complete the first stage allocations of costs to activity cost pools.
In: Accounting
Supply and Demand: the Revenge of the Exogenous Shock. In this problem, we consider many changes (exogenous shocks) that can affect the market for oil. Predict how each of the following events will affect the equilibrium price and quantity in the market for oil.
a. Cars are becoming more fuel efficient, and therefore get more miles to the gallon.
b. The winter is exceptionally cold this year.
c. A major discovery of new oil is made off the coast of Norway.
d. The economies of some major oil-using nations, like Japan, slow down.
e. A war in the Middle East disrupts oil-pumping schedules.
f. Landlords install additional insulation in buildings.
g. The price of solar energy falls dramatically.
h. Chemical companies invent a new, popular kind of plastic made from oil.
In: Economics
CAN YOU PLEASE POST R-SCRIPT ONLY!!
In Major League baseball, the speed of a pitch is very
important. How fast is the speed of a major league pitchers average
pitch? A researcher took a random sample of the speed of 15 pitches
from the 2019 Major League baseball season. The following are the
speeds of these pitches in miles per hour:
92.8, 87.0, 89.1, 96.2, 75.6, 89.6, 92.5, 83.3, 86.5, 95.6, 94.1,
91.6, 94.2, 93.4, 90.0
It is reasonable to treat these measurements as coming from a
normal distribution with unknown mean μ and unknown
standard deviation σ
CAN YOU PLEASE POST R-SCRIPT ONLY!!
a)Use the data to calculate an unbiased point estimate of the true
mean, μ, of pitch speeds in the 2019 Major League baseball
season.
b)Use the data to find an unbiased point estimate of the population
variance, σ2 of pitch speeds in the 2019 Major
League baseball season.
c) Use the data to find the maximum likelihood estimate of the
population variance, σ2, of pitch speeds in the
2019 Major League baseball season.
d) Find the sample standard deviation of the above data
e) Find the sample median of the above data.
f)Create a 90% confidence interval for μ.
( , )
g) What critical value did you use to calculate the 90% confidence
interval in part f)?
h)Create a 90% prediction interval for μ.
( , )
In: Statistics and Probability
Fuel Efficiency of Manual and Automatic Cars
Each year the US Environmental Protection Agency (EPA) releases fuel economy data on cars manufactured in that year. Below are summary statistics on fuel efficiency (in miles/gallon) from random samples of cars with manual and automatic transmissions manufactured in 2012. Do these data provide strong evidence of a difference between the average fuel efficiency of cars with manual and automatic transmissions in terms of their average city mileage? Assume that conditions for inference are satisfied.
| City MPG, Automatic | City MPG, Manual | |
|---|---|---|
| Mean | 16.12 | 19.85 |
| SD | 3.58 | 4.51 |
| n | 26 | 26 |
The hypotheses for this test are:
The test statistic is: (please round to two decimal
places)
The p-value is: (please round to four decimal
places)
Interpret the result of the hypothesis test in the context of the
problem:
In: Statistics and Probability
Chapter 12 Case Study Nutrition and Physical Activity
Anna is a 15 year old gymnast, who has experienced a 10 lbs weight loss over the past 3 years. She is 5’3 and weighs 95 lbs. She trains 4 hours a day with her team and then runs 6 miles after practice to make sure she does not get fat. Currently she is below the 1%ile weight for height on the growth chart. While Anna’s parents have noticed that she has gotten thinner, it did not raise any alarms. Her parents were concerned about the future possibility of obesity that could result from the typical teenage eating, so snack foods are severely limited at home, in order to teach Anna how to eat like “an athlete”. Her coach advised her team to avoid all white foods to reduce body fat. This was all discovered when Anna was not able to recover after surgery from a sports injury as fast as she should have because of malnutrition. While in the hospital they diagnosed her with osteopenia and an eating disorder.
What type of eating disorder was she diagnosed with and why?
What steps would you take to help Anna?
What would the appropriate amount of calories, carbohydrates and protein needs be for her? Base it on her ideal body weight and her activity level.
In: Nursing
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system:
| Driver and guard wages | $ | 1,160,000 |
| Vehicle operating expense | 590,000 | |
| Vehicle depreciation | 470,000 | |
| Customer representative salaries and expenses | 500,000 | |
| Office expenses | 360,000 | |
| Administrative expenses | 660,000 | |
| Total cost | $ | 3,740,000 |
The distribution of resource consumption across the activity cost pools is as follows:
| Travel |
Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
Required:
Complete the first stage allocations of costs to activity cost pools.
In: Accounting
Corp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity cost pools: Travel, Pickup and Delivery, Customer Service, and Other. The activity measures are miles for the Travel cost pool, number of pickups and deliveries for the Pickup and Delivery cost pool, and number of customers for the Customer Service cost pool. The Other cost pool has no activity measure because it is an organization-sustaining activity. The following costs will be assigned using the activity-based costing system:
| Driver and guard wages | $ | 1,040,000 |
| Vehicle operating expense | 470,000 | |
| Vehicle depreciation | 350,000 | |
| Customer representative salaries and expenses | 380,000 | |
| Office expenses | 240,000 | |
| Administrative expenses | 540,000 | |
| Total cost | $ | 3,020,000 |
The distribution of resource consumption across the activity cost pools is as follows:
| Travel | Pickup and Delivery |
Customer Service |
Other | Totals | ||||||
| Driver and guard wages | 50 | % | 35 | % | 10 | % | 5 | % | 100 | % |
| Vehicle operating expense | 70 | % | 5 | % | 0 | % | 25 | % | 100 | % |
| Vehicle depreciation | 60 | % | 15 | % | 0 | % | 25 | % | 100 | % |
| Customer representative salaries and expenses | 0 | % | 0 | % | 90 | % | 10 | % | 100 | % |
| Office expenses | 0 | % | 20 | % | 30 | % | 50 | % | 100 | % |
| Administrative expenses | 0 | % | 5 | % | 60 | % | 35 | % | 100 | % |
Required:
Complete the first stage allocations of costs to activity cost pools.
In: Accounting