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 | $ | 920,000 |
| Vehicle operating expense | 350,000 | |
| Vehicle depreciation | 230,000 | |
| Customer representative salaries and expenses | 260,000 | |
| Office expenses | 120,000 | |
| Administrative expenses | 420,000 | |
| Total cost | $ | 2,300,000 |
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
Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill’s friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck:
| Camper and equipment: | ||||
| Cost, $15,000; usable for eight seasons; 10 hunting trips per season | $ | 188 | ||
| Travel expense (pickup truck): | ||||
| 100 miles at $0.46 per mile (gas, oil, and tires—$0.26 per mile; depreciation and insurance—$0.20 per mile) | 46 | |||
| Shotgun shells (two boxes per hunting trip) | 30 | |||
| Boat: | ||||
| Cost, $2,080, usable for eight seasons; 10 hunting trips per season | 26 | |||
| Hunting license: | ||||
| Cost, $70 for the season; 10 hunting trips per season | 7 | |||
| Money lost playing poker: | ||||
| Loss, $28 (Bill plays poker every weekend whether he goes hunting or stays at home) | 28 | |||
| Bottle of whiskey: | ||||
| Cost, $10 per hunting trip (used to ward off the cold) | 10 | |||
| Total cost | $ | 335 | ||
| Cost per duck ($335 ÷ 8 ducks) | $ | 42 | ||
Required:
1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season?
2. Suppose Bill gets lucky on his next hunting trip and shoots 10 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last two ducks?
In: Accounting
An energy efficient car Consider someone who is thinking about buying a new car, and trying to decide which one to buy. They plan to use the car mostly for commuting. They live 35 miles from work, and will commute 190 days per year. They know that the cost of gas in the Bay Area is currently around $3.00/gallon, the cost of electricity is around $0.15/kWh. For simplicity, they decide to assume that those prices won’t change, and that inflation will be zero, for the next five years. After five years they plan to sell the car. [20 points]
They have gathered the following information:
|
2017 Toyota |
2017 Nissan Leaf |
|
|
Purchase price |
$27,000.00 |
$31,000.00 |
|
Fuel consumption |
56 mpg, |
3.00 mi/kWh |
|
Resale after 5 years |
$12,000.00 |
$8,000.00 |
For both cars, they assume that insurance, maintenance, and other costs will be $2000/year. The interest rate is 3.0%/year.
a. Calculate the capital recovery factor. (5 points)
b. Which car has the most favorable net present value? Show your work for each vehicle. (5 points per car, 10 points total)
c. The U.S. government currently offers a $7,500 federal tax credit for the Nissan Leaf. Should this change the purchase decision, assuming the buyer will owe more than $7,500 in taxes during the purchase year? (5 points)
I am very confused on this question and would greatly appreciate help with it for my midterm coming up! Thank you so much.
In: Finance
Suppose your research assistant screwed up and lost the information that linked the person’s identity across the two weight loss periods. This makes it impossible to run a paired t-test. Rather than start over:
a) Compute the mean and standard deviation of the two samples (2-pts)
b) Compute the two sample t-statistic (2pts)
c) How many degrees of freedom do you have(3pts)?
d) compute the P-value (4pts)
e) How does this P-value compare to the one you just computed using the paired ttest? (3pts))
Two Sample t-test (16pts):
Suppose you are interested in deciding if the 1990 Toyota Four Runner has been equally reliable as the 1990 Honda Passport. You go out a randomly sample of 5 people who own a 1990 Toyota and 5 other people who own a 1990 Honda and you ask them how often they have to take their vehicles in for maintenance. Here are your data (in thousands of miles):
Toyota: 30 35 32 34 30
Honda: 29 33 28 31 27
a) State the null and alternative hypotheses (2pts)
b) Compute the means and standard deviations of the two samples (2-pts)
c) Compute the two sample t-statistic (2 pts)
c) How many degrees of freedom do you have? (3pts)
d) Compute the P-value (4pts)
e) At an alpha = 0.05 would you accept or reject the null hypothesis? (3pts)
Please show work! thank you!
In: Math
Can anyone please explain step by step how to solve this by excel solver cause the solver won't accept the binary word
A group of college students is planning a camping trip during the upcoming break. The group must hike several miles through the woods to get to the campsite, and anything that is needed on this trip must be packed in a knapsack and carried to the campsite. On particular student, Tina Shawl, has identified eight items that she would like to take on the trip, but the combined weight is too great to take all of them. She has decided to rate the utility of each item on a scale of 1 to 100, with 100 being the most beneficial. The item weights in pounds and their utility values are given below.
Item 1 2 3 4 5 6 7 8
Weight 8 1 7 6 3 12 5 14
Utility 80 20 50 55 50 75 30 70
Recognizing that the hike to the campsite is a long one, a limit of 35 pounds has been set as the maximum total weight of the items to be carried.
a) Formulate this as a 0-1 programming problem to maximize the total utility of the items carried.Solve this knapsack problem using a computer.
b) Suppose item number 3 is an extra battery pack, which may be used with several of the other items.Tina has decided that she will only take item number 5, a CD player, if she also takes item number 3.On the other hand, if she takes item number 3, she may or may not take item number 5.Modify this problem to reflect this and solve the new problem.
In: Advanced Math
Suppose that a bicyclist is traveling at an energetic 20 mph on a flat road, and the combination of rolling resistance and air drag is 10 pounds. (48 pts, 8 pts each part) a. What is the rate at which the bicyclist is doing useful work at this speed, in watts and horsepower? b. Measurements indicate that this performance requires conversion of food energy at a rate of 8 kcal/min. What is the first-law efficiency of the cyclist as a machine in converting energy to work at 20 mph? Assume that in a sedentary state, the rate of energy consumed by the cyclist’s body is 1.5 kcal/min. c. What is the bicyclist’s “miles per gallon” equivalent if the energy in the extra food consumed to power the bicycle is equated to the energy in gasoline? d. If the needed energy is obtained from energy bars containing 200 Calories and costing $1.50 each, what is the bicyclist’s fuel cost in cents per mile? What is the fuel cost in cents per mile for a car that gets 20 mpg using $3 per gallon gasoline? e. What are the CO2 emissions per mile for the bicyclist and the car? Consider only what is being emitted as they proceed. Do not include lifecycle considerations, and for the bicyclist only include the CO2 associated with propulsion. For the bicyclist, assume the energy bar consists of carbohydrates with a simplified molecular formula of CH2O and an energy content of 4 kcal/g. For the car, assume the gasoline consists of entirely of iso-octane, C8H18, with a specific gravity of 0.7 and an energy content of 45 MJ/kg. f. Without doing a calculation, name at least three elements of a lifecycle CO2 analysis that would change the emissions per mile calculation above, and whether they would tend to increase or decrease the value for each of the transportation modes.
In: Physics
Hudson Group is a one of the largest and most
recognizable travel retailers in North America. we own and manage
over 1,000 duty-paid and duty-free stores in 89 locations,
including airports, commuter terminals, hotels and some of the most
visited landmarks and tourist destinations in the world.
In 2019 we initiated the Hudson Next Project, one of the key
pillars being the completion of design and implementation of four
new brands within the current Business Operating Model.
These brands include: Speciality stores, Newsstands, Book stores
& Brook stone stores
The new Specitity stores will be based out of the LAX airport. They
will cost approximately $19 million to contruct and will require
approximately 50 employees to operate. The Newstands, located in
Newark, New Jersey, will be based out of the airport - less than 15
miles outside of New York City, will cost $6.5 million to construct
and 20 employees to operate. The bookstores, located in Houston,
will require⁶ $8 million to construct and 15 employees to operate.
Located in the suburbs of Pittsburgh, Pennsylvania, the new
Brookstones stores will cost $12 million to construct and 50
employees to operate across all stores.
Hudson Group will pledge 75.5 million in new construction and hire
no more than 260 employees. Annually, Specialty stores are a 9.5
million operation, Newstands are a $2.4 million operation,
bookstores are a 1.2 million operation and the new Brookstones
stores net 3.3 million in volume and growing.
If Hudson Group wasnts to maximize it’s annual revenue, how many of
each for brands should they build?
***PLEASE SHOW FORMULAS AND ANSWERS PROBLEM IN EXCEL
FORMAT USING SCREENSHOTS. THANK YOU
In: Operations Management
Variable Costing Income Statement for a Service Company
East Coast Railroad Company transports commodities among three routes (city-pairs): Atlanta/Baltimore, Baltimore/Pittsburgh, and Pittsburgh/Atlanta. Significant costs, their cost behavior, and activity rates for April are as follows:
| Cost | Amount | Cost Behavior | Activity Rate | |||
| Labor costs for loading and unloading railcars | $175,582 | Variable | $46.00 | per railcar | ||
| Fuel costs | 460,226 | Variable | 12.40 | per train-mile | ||
| Train crew labor costs | 267,228 | Variable | 7.20 | per train-mile | ||
| Switchyard labor costs | 118,327 | Variable | 31.00 | per railcar | ||
| Track and equipment depreciation | 194,400 | Fixed | ||||
| Maintenance | 129,600 | Fixed | ||||
| $1,345,363 | ||||||
Operating statistics from the management information system reveal the following for April:
| Atlanta/ Baltimore |
Baltimore/ Pittsburgh |
Pittsburgh/ Atlanta |
Total | |||||
| Number of train-miles | 12,835 | 10,200 | 14,080 | 37,115 | ||||
| Number of railcars | 425 | 2,160 | 1,232 | 3,817 | ||||
| Revenue per railcar | $600 | $275 | $440 | |||||
a. Prepare a contribution margin by route report for East Coast Railroad Company for the month of April. Compute the contribution margin ratio. Rounded to one decimal place. If required, use the minus sign to indicate a negative contribution margin.
| East Coast Railroad Company | ||||
| Contribution Margin by Route | ||||
| For the Month Ended April 30 | ||||
| Atlanta/Baltimore | Baltimore/Pittsburgh | Pittsburgh/Atlanta | Total | |
| Revenues | $ | $ | $ | $ |
| Variable costs: | ||||
| Labor costs for loading and unloading railcars | $ | $ | $ | $ |
| Fuel costs | ||||
| Train crew labor costs | ||||
| Switchyard labor costs | ||||
| Total variable costs | $ | $ | $ | $ |
| Contribution margin | $ | $ | $ | $ |
| Contribution margin ratio | % | % | % | %. |
In: Accounting
The following table shows age distribution and location of a random sample of 166 buffalo in a national park.
| Age | Lamar District | Nez Perce District | Firehole District | Row Total |
| Calf | 16 | 10 | 15 | 41 |
| Yearling | 10 | 9 | 14 | 33 |
| Adult | 32 | 24 | 36 | 92 |
| Column Total | 58 | 43 | 65 | 166 |
Use a chi-square test to determine if age distribution and location are independent at the 0.05 level of significance.
(a) What is the level of significance?
State the null and alternate hypotheses.
H0: Age distribution and location are
independent.
H1: Age distribution and location are
independent.H0: Age distribution and location
are independent.
H1: Age distribution and location are not
independent. H0: Age
distribution and location are not independent.
H1: Age distribution and location are
independent.H0: Age distribution and location
are not independent.
H1: Age distribution and location are not
independent.
(b) Find the value of the chi-square statistic for the sample.
(Round the expected frequencies to at least three decimal places.
Round the test statistic to three decimal places.)
Are all the expected frequencies greater than 5?
YesNo
What sampling distribution will you use?
binomialStudent's t chi-squareuniformnormal
What are the degrees of freedom?
(c) Find or estimate the P-value of the sample test
statistic. (Round your answer to three decimal places.)
p-value > 0.1000.050 < p-value < 0.100 0.025 < p-value < 0.0500.010 < p-value < 0.0250.005 < p-value < 0.010p-value < 0.005
(d) Based on your answers in parts (a) to (c), will you reject or
fail to reject the null hypothesis of independence?
Since the P-value > ?, we fail to reject the null hypothesis.Since the P-value > ?, we reject the null hypothesis. Since the P-value ? ?, we reject the null hypothesis.Since the P-value ? ?, we fail to reject the null hypothesis.
(e) Interpret your conclusion in the context of the
application.
At the 5% level of significance, there is sufficient evidence to conclude that age distribution and location are not independent.At the 5% level of significance, there is insufficient evidence to conclude that age distribution and location are not independent.
In: Statistics and Probability
3.
a. According to a study, 75% of adults ages 18-29 years had broadband Internet access at home in 2011. A researcher wanted to estimate the proportion of undergraduate college students (18-23 years) with access, so she randomly sampled 181 undergraduates and found that 158 had access. Estimate the true proportion with 90% confidence. Round your answers to three decimal places. ___ < p < ____
b. it has been reported that 20.4% of incoming freshmen indicate that they will major in business or a related field. a random sample of 424 incoming college freshmen were asked their preference, and 81 replied that they were considering business as a major Estimate the true proportion of freshman business majors with 97% confidence. a survey of 50 students in grades 4 through 12 found 64% have classroom Wi-Fi access. Find the 90% confidence interval of the population proportion.
____ < p < ____
c. using table g, find the values for x^2 left and x^2 right of the following. when a = 0.02 and n =11
X^2 left =_____
x^2 right= _____
d. Find the 98% confidence interval for the variance and standard deviation of the ages of seniors at Oak Park college if a sample of 23 students has a standard deviation of 2.7 years. Assume the variable is normally distributed. Use the chi-square distribution table to find any chi-square values to three decimal places. ROUND TO ONE DECIMAL PLACE FOR FINAL ANSWER
____ < o^2 < ______
____ < o^2 < ______
e. A random sample of stock prices per share (in dollars) is shown. Find the 98% confidence interval for the variance and standard deviation for the prices. Assume the variable is normally distributed. ROUND TO THREE DECIMAL PLACES
46.12 10.87 40.25 60.50
28.00 28.25 6.94 45.12
13.62 53.81
_______ < o^2 < ______
______ < o < ______
f. estimate the variance in mean mathematics SAT scores by state, using the randomly selected scores listed below. Estimate the 95% confidence. 502 211 209 499 565 469 543 572 550 515
___ < o^2 < _____
In: Statistics and Probability