Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 120.00 | $ | 87.00 | ||
| Direct materials per unit | $ | 63.30 | $ | 52.00 | ||
| Direct labor per unit | $ | 17.00 | $ | 10.00 | ||
| Direct labor-hours per unit | 1.7 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 22,000 | units | 76,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 1,927,800 | ||
| Estimated total direct labor-hours | 113,400 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 703,080 | 37,400 | 76,000 | 113,400 | |
| Batch setups (setups) | 480,000 | 220 | 180 | 400 | ||
| Product sustaining (number of products) | 700,000 | 1 | 1 | 2 | ||
| Other | 44,720 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 1,927,800 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
A 78-year-old female was arrived tired to the emergency room with the following symptoms: nausea, vomiting, decreased respiration, hypotension, and low pulse rate (46), The skin was not sweaty, it was warm, she is DM, swelling, she take some medication like metfromin 850mg, some diuretics, The patient had been treated for constipation and heartburn (antacids) within the last 24 hours.
Laboratory investigation resulted in the following:
|
Na+ |
133 mmol/L |
(136-145 mmol/L) |
|
K+ |
5.3 mmol/L |
(3.4-5.0 mmol/L) |
|
CL- |
95 mmol/L |
(98-107 mmol/L) |
|
Creatinine |
2.6 mg/dL |
(0.7-1.5 mg/dL) |
|
BUN |
40 mg/dL |
(5-20 mg/dL) |
|
Magnesium |
4.0 mmol/L |
(0.63-1.0 mmol/L) |
|
Total protein |
5.6 g/dL |
(6.0-8.0 g/dL) |
|
Albumin |
3.0 g/dL |
(3.5-5.0 g/dL) |
|
Calcium |
8.4 g/dL |
(8.6-10.0 g/dL) |
|
AST |
44 U/L |
(7-45 U/L) |
|
Fasting blood glucose |
162 mg/dL |
(75-115 mg/dL) |
|
HbA1c |
7.8 % |
(4.1-6.8 |
1. What explanation would you give the doctor for the difference in the electrolytes levels?
2. What is the most likely cause for the hypermagnesemia?
3. Which type of diabetes mellitus should be considered? And why?
type 2 diabetes.
4. What is your explanation for kidney function tests result (high Creatinine and BUN)? Is it indication for pyelonephritis or GFR dysfunction or acute kidney failure? Justify your answer.
5. Does the patient suffer from microalbuminuria regarding to albumin result? Justify your answer.
In: Biology
Please note that for all problems in this course, the standard cut-off (alpha) for a test of significance will be .05, and you always report the exact power unless SPSS output states p=.000 (you’d report p<.001). Also, remember that we divide the p value in half when reporting one-tailed tests with 1 – 2 groups.
|
Problem Set 4: One-Way Repeated Measures ANOVA (7 pts) Research Scenario: A savvy business owner wanted to assess whether the type of fragrance influenced the amount of money spent. He tried peppermint, lavender, lemon, and bergamot essential oils in his four stores. Amount of money spent (in hundreds) is reported for each type of fragrance. Conduct a one-way repeated measures ANOVA to determine whether fragrance influences total amount of money spent.
|
In: Statistics and Probability
The Yoran Yacht Company (YYC), a prominent sailboat builder in Newport, may design a new 30-foot sailboat based on the "winged" keels first introduced on the 12-meter yachts that raced for the America's Cup.
First, YYC would have to invest $14,000 at t = 0 for the design and model tank testing of the new boat. YYC's managers believe there is a 60% probability that this phase will be successful and the project will continue. If Stage 1 is not successful, the project will be abandoned with zero salvage value.
The next stage, if undertaken, would consist of making the molds and producing two prototype boats. This would cost $500,000 at t = 1. If the boats test well, YYC would go into production. If they do not, the molds and prototypes could be sold for $100,000. The managers estimate that the probability is 80% that the boats will pass testing and that Stage 3 will be undertaken.
Stage 3 consists of converting an unused production line to produce the new design. This would cost $1 million at t = 2. If the economy is strong at this point, the net value of sales would be $3 million; if the economy is weak, the net value would be $1.5 million. Both net values occur at t = 3, and each state of the economy has a probability of 0.5. YYC's corporate cost of capital is 11%.
Assume this project has average risk. Construct a decision tree and determine the project's expected NPV. Do not round intermediate calculations. Round your answer to the nearest cent.
$
Find the project's standard deviation of NPV and coefficient of variation (CV) of NPV. Do not round intermediate calculations. Round the project's standard deviation to the nearest cent and CV to two decimal places.
σNPV: $
CVNPV:
If YYC's average project had a CV of between 1.0 and 2.0, would this project be of high, low, or average stand-alone risk?
This project is of
risk.
In: Finance
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 140.00 | $ | 99.00 | ||
| Direct materials per unit | $ | 72.00 | $ | 53.00 | ||
| Direct labor per unit | $ | 24.00 | $ | 12.00 | ||
| Direct labor-hours per unit | 2.0 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 20,000 | units | 80,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 1,980,000 | ||
| Estimated total direct labor-hours | 120,000 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 783,600 | 40,000 | 80,000 | 120,000 | |
| Batch setups (setups) | 495,000 | 200 | 100 | 300 | ||
| Product sustaining (number of products) | 602,400 | 1 | 1 | 2 | ||
| Other | 99,000 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 1,980,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments
In: Accounting
Let x be the number of different research programs, and let y be the mean number of patents per program. As in any business, a company can spread itself too thin. For example, too many research programs might lead to a decline in overall research productivity. The following data are for a collection of pharmaceutical companies and their research programs.
| x | 10 | 12 | 14 | 16 | 18 | 20 |
| y | 1.9 | 1.4 | 1.6 | 1.4 | 1.0 | 0.7 |
Complete parts (a) through (e), given Σx = 90, Σy = 8, Σx2 = 1420, Σy2 = 11.58, Σxy = 112.6, and
r ≈ −0.925.
(a) Draw a scatter diagram displaying the data.
(b) Verify the given sums Σx, Σy,
Σx2, Σy2, Σxy, and
the value of the sample correlation coefficient r. (Round
your value for r to three decimal places.)
| Σx = | |
| Σy = | |
| Σx2 = | |
| Σy2 = | |
| Σxy = | |
| r = |
(c) Find x, and y. Then find the equation of the
least-squares line = a + bx. (Round
your answers for x and y to two decimal places.
Round your answers for a and b to three decimal
places.)
| x | = | |
| y | = | |
| = | + x |
(d) Graph the least-squares line. Be sure to plot the point
(x, y) as a point on the line.
(e) Find the value of the coefficient of determination
r2. What percentage of the variation in
y can be explained by the corresponding variation
in x and the least-squares line? What percentage is
unexplained? (Round your answer for r2
to three decimal places. Round your answers for the percentages to
one decimal place.)
| r2 = | |
| explained | % |
| unexplained | % |
(f) Suppose a pharmaceutical company has 13 different research
programs. What does the least-squares equation forecast for
y = mean number of patents per program? (Round your answer
to two decimal places.)
patents per program
In: Statistics and Probability
Can someone provide guidance for g-i for the following question? Someone already responded to a-f. Age (years) Amount of Activity (hours) 7 4.3 9 3.2 10 1.0 13 1.5 12 1.2 15 0.8 9 3.0 12 4.0 15 1.5 14 1.9
A psychologist believed that as children get older, they engage in more “inactive activities” such as playing computer games, watching TV and surfing the internet. She collected data from 10 children. She recorded the age of each child and the amount of activity (in hours) the child engaged in per week. The table below gives the data for this hypothetical study (it is also available in activity.txt).
a. Using R, obtain a scatterplot of the data. Discuss the relationship between age and activity based on the scatterplot.
b. Using R, obtain the simple linear regression linear regression line predicting activity from age.
c. Interpret the intercept and slope of the regression line
d. By hand, predict the amount of activity for age = 14
e. By hand, calculate the residual for age = 14
f. Using R output, test the null hypothesis that the slope coefficient is zero using the p-value approach. Write one sentence interpreting the meaning of this result. Make sure to report the test statistic and p-value.
g. Using R, obtain and report the 95% CI for the slope coefficient. Explain how we can use it to make a decision about the null hypothesis from part (f).
h. Using R output, test the null hypothesis that the population coefficient of determination is zero using the p-value approach, and write one sentence interpreting your result. Make sure to report the test statistic and p-value.
i. How do the test statistics in (f) and (h) mathematically relate to each other?
In: Statistics and Probability
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 120.00 | $ | 90.00 | ||
| Direct materials per unit | $ | 64.10 | $ | 53.00 | ||
| Direct labor per unit | $ | 13.50 | $ | 9.00 | ||
| Direct labor-hours per unit | 1.5 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 30,000 | units | 70,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,300,000 | ||
| Estimated total direct labor-hours | 115,000 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 977,500 | 45,000 | 70,000 | 115,000 | |
| Batch setups (setups) | 612,000 | 300 | 210 | 510 | ||
| Product sustaining (number of products) | 700,000 | 1 | 1 | 2 | ||
| Other | 10,500 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,300,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
In: Accounting
5. The public debt - ownership
The following table contains approximate figures for gross domestic product (GDP) and the national debt in the United States for June 2001 and June 2010. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.
| GDP | Total National Debt | Debt Held by |
Debt Held Outside Fed. Govt. and Fed. Reserve |
||
|---|---|---|---|---|---|
| (Trillions of Dollars) | (Trillions of Dollars) | U.S. Government Agencies | Foreign Ownership | U.S. Ownership | |
| (Trillions of Dollars) | (Trillions of Dollars) | (Trillions of Dollars) | |||
| June 2001 | 10.1 | 5.7 | 3.0 | 1.0 | 1.7 |
| June 2010 | 14.5 | 13.2 | 4.6 | 4.0 | 4.6 |
Source: “U.S. Treasury, Bureau of Economic Analysis.”
The net national debt is the portion of the national debt held outside the federal government (government agencies and the Federal Reserve System). In June 2001, the net national debt as a percentage of total national debt was "50.3" "47.4" "50.8" "55.1" %?
In June 2001, the percentage of the U.S. national debt held by foreigners was "17.5" "18.9" " 18.0" "19.6" %?
The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2001 and 2010, the fraction of the national debt held by foreigners "Decreased" or "Increased"
The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the net national debt as a percentage of GDP. In 2001, the net national debt was "26.7" "44.9" "49.7" "49.2" % of GDP. Between 2001 and 2010, the net national debt as a percentage of GDP "Increased" or "Decreased"
In: Economics
While alcohol does not require to be digested, it can get absorbed through stomach (20%) and small intestine (80%)
True
False
1 points
QUESTION 2
Metabolism of alcohol is affected by which of the following factors?
|
gender |
||
|
diet consumption |
||
|
ethnicity |
||
|
all of the above |
1 points
QUESTION 3
Drinking while pregnant may lead to fetal alcohol syndrome, which may include:
|
small head circumference |
||
|
small eye opening and folds at inner corners of eyes |
||
|
thin upper lip |
||
|
absence of groove between upper lip and base of nose |
||
|
short nose |
||
|
all of the above are manifestations of fetal alcohol syndrome |
1 points
QUESTION 4
Driving under influence (DUI) is illegal and is a leading cause of car accidents. What blood alcohol concentration denotes legal intoxication in the USA and Canada?
|
1.0% |
||
|
0.05% |
||
|
0.08% |
||
|
0.10% |
1 points
QUESTION 5
Chronic alcohol consumption may increase the risk for ____________
|
fatty liver |
||
|
cirrhosis of the liver |
||
|
cancer of the oral cavity, pharynx and larynx. |
||
|
vitamin B1 (thiamine) deficiency |
||
|
all of the above are possible results |
1 points
QUESTION 6
A standard drink is defined as the amount that provides approximately 14 g of alcohol. Which of the following is considered a standard-size drink?
|
16-ounce beer (5% ABV) |
||
|
5-ounce glass of wine (12% ABV) |
||
|
20-ounce wine cooler (7% ABV) |
||
|
4-ounce pour of hard liquor (80 proof) |
1 points
QUESTION 7
Potential benefits of alcohol intake may include ____________
|
reduces anxiety and stress feeling |
||
|
stimulates appetite |
||
|
lowers serum LDL and increases serum HDL |
||
|
all are possible benefits |
1 points
QUESTION 8
Alcohol poisoning may be manifested in all of the following symptoms/signs, except ________
|
confusion, stupor |
||
|
vomiting |
||
|
seizure |
||
|
increased stimulation |
In: Nursing