1. Define the term constraints and give an example. What product should be made first when resource constraints exist?

2. True or false. When deciding whether to accept a special order, managers need to consider whether they have available excess capacity.

3. True or false. Cost-plus price minus desired profit equals total cost.

4. True or false. Variable costs are irrelevant to a special decision when those variable costs differ between alternatives.

5. True or false. Companies operating in highly competitive industries are generally price-setters.

6. The benefit foregone by choosing a particular alternative course of action is referred to as a(n)

7. A company's manager would consider which of the following in deciding whether to discontinue its electronics product line?

8. The factor that restricts production or sale of a product is which of the following?

9. The cost-plus price is described by which of the following?

10. Which of the following describes the products and services of companies that are price-setters?

Green Furniture (GF) manufactures a variety of furniture for household use and just two items for office use: desks and cabinets. The production process for desks and cabinets is similar, although machines must be retooled for each product. Both materials and labour costs are directly traceable to individual products; however, overhead is a common cost and allocated using direct labour-hours as the allocation base. GF’s accountant is considering the use of activity-based costing (ABC) and has suggested evaluating the system by applying it to the two office use products (desks and cabinets). The following data are available for a typical quarter.

Each product consumed 450 direct labour-hours.

Required:

1. Determine the total manufacturing cost and cost per unit for each of the two product lines for the quarter, using activity-based costing to allocate overhead costs. (Round "Cost per unit" answers to 2 decimal places.)

2. Redo the above using direct labour-hours as the allocation base. (Round "Cost per unit" answers to 2 decimal places.)

Neutron Co. manufactures and sells battery testers and solenoid testers for quick, easy use around the home. The following information related to these two products has been gathered from Neutron’s accounting records for the most recent year: Battery Tester Solenoid Tester Sales in units 20,000 10,000 Unit selling price $35 $20 Total unit cost $28 $22 Furthermore, the total unit cost of each product is calculated as follows: Battery Tester Solenoid Tester Fixed costs: Manufacturing $10 per unit $10 per unit Marketing & administrative $4 per unit $4 per unit Variable costs: Manufacturing $12 per unit $6 per unit Marketing & administrative $2 per unit $2 per unit Total $28 per unit $22 per unit Both fixed manufacturing and fixed marketing and administrative costs are assigned to products based on the number of units sold. That is, Neutron’s accountant takes the total fixed costs incurred and divides them by the total number of units sold to arrive at a fixed cost per unit. Moreover, Neutron expects to incur $420,000 in total fixed costs each year regardless of production volume. Because Neutron’s shop produced 30,000 total units in the most recent year, each product was assigned $420,000/30,000 = $14 per unit in fixed costs. Required a. What was Neutron’s overall profit for the most recent year? What was Neutron’s reported profit for each product? b. What was Neutron’s total contribution margin for the most recent year? What was Neutron’s contribution margin on each product? c. Since the unit cost of the solenoid tester exceeds the unit price, Neutron believes that the business would be more profitable if it stopped producing solenoid testers. Is this true? By how much will Neutron’s profit increase or decrease if the company stops producing and selling solenoid testers? d. Based on your answers to parts (a) through (c), what inferences do you draw about the value of expressing fixed costs as the amount allocated per unit rather than the total of the expenditure?

In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 300 towels were in process and were 60 percent complete. The costs incurred were $576.

During the month, costs of $10,800 were incurred, 2,700 towels were started, and 150 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete.

Required:

a. Prepare a production cost report; the company uses FIFO process costing.

b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables.

Give examples–a formula and an illustration–of two-dimensional vector fields F⃗(x,y) with each of the following properties. You could do the illustrations by hand.

a) The direction of F⃗ is constant but the magnitude is not constant.

b) The magnitude |F⃗| is constant but the direction is not constant.

c) All the vectors F⃗ along a horizontal line are equal, but F⃗ is not constant overall.

d) F⃗ (x, y) is perpendicular to xˆi + yˆj at every point (x, y).

e) F⃗ is a force field which repels from the origin. It is strongest near the origin, and weaker farther

away.

Given the spectral data, determine the structure of the following compound. Show all work. Combustion analysis: C: 85.7% H: 6.67% MS: Molecular ion at m/z= 210, base peak at m/z=167 1H-NMR: 7.5-7.0 ppm (m, 10H) 5.10 ppm (s, 1H) 2.22 ppm (s, 3H) 13C-NMR: 206.2 (C) 128.7 (CH) 30.0 (CH3) 138.4 (C) 127.2 (CH) 129.0 (CH) 65.0 (CH) IR: Strong absorbance near 1720 cm -1

Think about the money you spend every day. You probably spend the most money at or near the beginning of each month. However, after all the bills are paid, you have what are often referred to as discretionary funds. That’s money you can spend any way you wish. Please tell us on what types of things you spend that extra-or discretionary-money? How will learning the Quicken software help you determine whether you have discretionary funds, and if so, how much each month?

There are a number of disorders that result in people experiencing chronic (long-term) pain even though there might be no known physical cause for this pain. This can result from the transmission of action potentials even though under normal circumstances, the size of the stimulus might not warrant an AP transmission, or at least not as frequent a transmission.

What could be a possible cause for this phenomenon? [It can not be a change in the brain itself, or a problem with the interpretation of the signal in the brain. Nor can neurons change their threshold potential. In other words, what could change in or near a neuron to cause more frequent AP transmissions?]

A propane tank with 75 gallons of liquid propane is at 50 F in a sealed tank. The tank develops a significant leak and propane escapes and vaporizes in a short period of time. To solve this problem you must use the propane tables not the common liquid properties.

What is the temperature near the hole in the propane tank due to the escaping propane in Fahrenheit to three significant digits? .   Include a minus sign if appropriate.

How many Btus of energy are needed to vaporize the entire 75 gallons of liquid propane? . Give your answer to three significant digits in Btus.

Eyeglasses are often coated with an anti-reflecting coating to reduce glare in the visible part of the spectrum. Consider a 95.0-nm-thick coating applied to the lens, where we wish to reduce the glare of the blue end of the spectrum with wavelengths near 450 nm.

a) If the coating’s index of refraction is smaller than that of the lens, what index of refraction for the anti-reflection coating is needed for the thinnest film possible?

b) If the coating’s index of refraction is greater than that of the lens, what index of refraction for the anti-reflection coating is desired for an m = 1 destructive interference scenario?