In: Accounting
In: Accounting
Venus Creations sells window treatments (shades, blinds, and
awnings) to both commercial and residential customers. The
following information relates to its budgeted operations for the
current year.
|
Commercial |
Residential |
||||||||
| Revenues | $298,800 | $475,000 | |||||||
| Direct materials costs | $30,000 | $50,000 | |||||||
| Direct labor costs | 118,300 | 312,500 | |||||||
| Overhead costs | 94,100 | 242,400 | 150,000 | 512,500 | |||||
| Operating income (loss) | $56,400 | $(37,500) | |||||||
The controller, Peggy Kingman, is concerned about the residential
product line. She cannot understand why this line is not more
profitable given that the installations of window coverings are
less complex for residential customers. In addition, the
residential client base resides in close proximity to the company
office, so travel costs are not as expensive on a per client visit
for residential customers. As a result, she has decided to take a
closer look at the overhead costs assigned to the two product lines
to determine whether a more accurate product costing model can be
developed. Here are the three activity cost pools and related
information she developed:
|
Activity Cost Pools |
Estimated Overhead |
Cost Drivers |
||||
| Scheduling and travel | $98,000 | Hours of travel | ||||
| Setup time | 88,100 | Number of setups | ||||
| Supervision | 58,000 | Direct labor cost | ||||
| Expected Use of Cost Drivers per Product | ||||||||
|
Commercial |
Residential |
|||||||
| Scheduling and travel | 950 | 530 | ||||||
| Setup time | 430 | 250 | ||||||
Compute the activity-based overhead rates for each of the three cost pools. (Round answers to 2 decimal places, e.g. 12.25.)
|
Overhead Rates |
|||
| Scheduling and travel |
$ |
||
| Setup time |
$ |
||
| Supervision | % |
eTextbook and Media
Partially correct answer iconYour answer is partially correct.
Determine the overhead cost assigned to each product line. (Round answers to 0 decimal places, e.g. 1,575.)
|
Commercial |
Residential |
|||
| Scheduling and travel |
$ |
$ |
||
| Setup time |
$ |
$ |
||
| Supervision |
$ |
$ |
||
| Total cost assigned |
$ |
$ |
eTextbook and Media
Incorrect answer iconYour answer is incorrect.
Compute the operating income for each product line, using the activity-based overhead rates. (Round answers to 0 decimal places, e.g. 1,575.)
|
Operating income (loss) |
|||
| Commercial | $ | ||
| Residential | $ |
In: Accounting
Stocks A and B have expected returns of 8% and 10%, and standard deviations of 12% and 18%, respectively. Calculate the expected return and standard deviation of equally weighted portfolios of the two stocks if the correlation between the two stocks is 0.5? Repeat the calculation for correlation of 0 and -0:5. If you could set the correlation between the two stocks, which of the three values would you choose? Explain.
In: Finance
The settlement of foundations is typically the result of three separate occurrences that take place in the soil which provides support. List these factors and give a brief description of each.
Explain the difference between soil compression, soil consolidation, and compaction. Explain the difference between a normally consolidate and an over-consolidated soil deposit.
Please type your answer instead of writing out your answer on paper.
In: Civil Engineering
The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between 0 and 9 minutes. Find the probability that a randomly selected passenger has a waiting time less than 0.75 minutes.
Find the probability that a randomly selected passenger has a waiting time less than 0.75 minutes.
(Simplify your answer. Round to three decimal places as needed.)
In: Statistics and Probability
Which of the following is false when conducting an analysis of variance?
Group of answer choices
The difference between three or more means will be examined
The Type I error rate is inflated automatically compared to the t test for independent samples even if you use the same alpha
Specific differences between pairs of means are not known when a significant result is found
Two estimates of the population variance are compared
In: Statistics and Probability
What does it mean for a quantity to be conserved? Why are conserved physical quantities useful to physicists? Give an example which illustrates the difference between three kinds of energy and the transformation of energy from one kind to another. Your example may include some of the following kinetic, thermal, gravitational potential, and spring potential energy. In your example explain the difference between Energy, Work, and Power.
In: Physics
In a certain lottery game, you choose a set of four different integers between 1 and 50, inclusive, and a fifth integer between 1 and 20, inclusive, which may be the same as one of the other four.
a) What is the probability you win the jackpot by matching all five numbers drawn?
b) What is the probability that you match three of the first four numbers, but not the fifth?
This is for discrete math
In: Statistics and Probability
1. Please describe the five conflict handling modes as set forth in the Thomas-Kilman Conflict Mode Instrument. In doing so, please be sure to discuss the ramifications of underusing and overusing each.
2. Please describe and distinguish between the following alternative/appropriate dispute resolution methodologies: mediation, fact-finding, arbitration
3. Please describe and distinguish between the three models of mediation
In: Operations Management