Coronado Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2020 are as follows.

Calculate the equivalent units of production for materials and conversion costs.

Calculate the unit costs of production for materials and conversion costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Calculate the assignment of costs to units transferred out and in process at the end of the accounting period.

Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 2,250.)

Budgeted income statement and supporting budgets for three months

Bellaire Inc. gathered the following data for use in developing the budgets for the first quarter (January, February, March) of its fiscal year:

a. Estimated sales at $125 per unit:

b. Estimated finished goods inventories:

c. Work in process inventories are estimated to be insignificant (zero).

d. Estimated direct materials inventories:

e. Manufacturing costs:

f. Selling expenses:

1. Prepare a sales budget for March.

2. Prepare a production budget for March.

3. Prepare a direct materials purchases budget for March.

4. Prepare a direct labor cost budget for March.

5. Prepare a factory overhead cost budget for March.

6. Prepare a cost of goods sold budget for March.

7. Prepare a selling and administrative expenses budget for March. Enter all amounts as positive number.

8. Prepare a budgeted income statement with budgeted operating income for March.

The following data relate to labor cost for production of 5,600 cellular telephones: Actual: 3,770 hrs. at $14.40 Standard: 3,710 hrs. at $14.60 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The employees may have been less-experienced or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard

The management of Casablanca Manufacturing Corporation believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months:

Assume that the relevant range includes all of the activity levels mentioned in this problem.

If Casablanca expects to incur 185,000 machine hours next month, what will the estimated total overhead cost be using the high-low method? (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $212,750

• $359,750

• $382,750

• $381,700

Answer the questions below using the following information on a firm:

1. What is average total cost at Q=7?

2. What is marginal cost at Q =7?

3. Is this firm operating under increasing or diminishing returns at Q=7? Why?

4. Say this firm is a perfect competitor. If the market price for its product is $ 60, at what output level will it produce at (to maximize profits)?

5. Say this firm is a profit-maximizing monopolist. If the firm is maximizing profit where marginal revenue equals $40, at what output level will this firm be producing?

manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:

The total overhead applied to Product P4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $898,940

• $509,285

• $570,740

• $1,021,740

2. assume that a firm has convex isoquants, and its production function exhibits decreasing returns to scale (DRS).

   1. (10 pts) Draw an isoquant-isocost graph for two levels of output (q1=10 and q2=20) for this firm. Denote your cost-minimizing choices of capital and labor as (L1*, K1*) for output q1 and
      (L2*, K2*) for output q2. Use TC1 and TC2 to denote the total cost of each respective output level.

   2. (5 pts) How does your graph illustrate DRS? Explain.

   3. (5 pts) Using the information in part (a), sketch the LR total cost curve for this firm. Does the LR TC curve increase at a constant rate, at a decreasing rate or at an increasing rate?

XXX Manufacturing and YYY Products both seek funding at the lowest possible cost. XXX would prefer the flexibility of floating rate borrowing, while YYY wants the security of fixed rate borrowing. XXX wants floating rate debt, so it could borrow at LIBOR+0.5%. However it could borrow fixed at 7% and swap for floating rate debt. YYY wants fixed rate, so it could borrow fixed at 10%. However it could borrow floating at LIBOR+2.5% and swap for fixed rate debt. If the cost saving for XXX is 40% of the total, YYY 30% and swap bank is 30% of the total cost savings, show all your calculations and draw a diagram.

The Roche Radius, defined to the orbital distance at which a satellite tidally torn apart by the parent body, is named after Edward Roche, who first derived it in 1848. Recall that his radius is given by: )1/3 d=r (2 M m Where r is the radius of the satellite, m the mass of the satellite, and M is the mass of the parent body.

(a) Recast this equation in terms of the density of the satellite (m), the density of the parent body (M), and radius of the parent body (R).

(b) Let s consider the Saturn system, and apply this equation. Saturns moon Pan orbits the planet at a distance 1.34  105 km; inside of a gap in the rings! Calculate the ratio of Pans orbital radius to its calculated Roche Radius (Pan = 0.42 g/cm2, Saturn = 0.687 g/cm2, RSaturn = 58,000 km). Comment on whether this moon is safe from tidal disruption, or not.

(c) Using what you know about the Roche Radius, and the above example, calculate the radius of the moon required to create the rings of Saturn as seen today (assuming that it was just one moon, with the density of pan and near the present-day orbit of Pan). The total mass in Saturns rings is approximately 3  1019 kg. (Hint for calculating Saturns mass: 0.687 g/cm2 = 687 kg/m3)