Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:

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:

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):

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.

Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:

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:

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):

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.

For Python:

In this assignment you are asked to write a Python program to determine the Academic Standing of a studentbased on their CGPA. The program should do the following:

1. Prompt the user to enter his name.
2. Prompt the user to enter his major.
3. Prompt the user to enter grades for 3 subjects (A, B, C, D, F).
4. Calculate the CGPA of the student.

To calculate CGPA use the formula:

CGPA = (quality points * credit hours) / credit hours

            Each subject is worth of 3 credit hours.

5. Once you have calculated the CGPA determine their Academic Standing based on the table below.

6. The output should be in the following format:

Enter student’s name:   

Enter student’s major:

Enter the grade for subject1 (A, B, C, D, F):

Enter the grade for subject2 (A, B, C, D, F)::

Enter the grade for subject3 (A, B, C, D, F)::

#Skip a couple of lines

Student Name:              #All letters should be in uppercase

Major:                          #The major should be displayed in title case

CGPA:

Academic Standing:

The grades entered should belong to the set {A, B, C, D, F}.  After the prompt, check to be sure they are one of those.  Print (display) an error message if they are not and do not prompt the user for the grades again. The program ends.

Sample Output:

Enter student’s name: james smith

Enter student’s major: Electrical Engineering

Enter the grade for subject1 (A, B, C, D, F): A

Enter the grade for subject2 (A, B, C, D, F): B

Enter the grade for subject3 (A, B, C, D, F): A

Student Name: JAMES SMITH

Major: Electrical Engineering

CGPA: 3.76

Academic Standing: Good

Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:

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:

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):

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.

short answers

1. T          F          When using the runoff coefficient, c, the Rational Method assumes that land uses are uniformly distributed within a drainage area.

2. What is the overland flow travel time for a hydraulic path 140 ft long through dense grass at an average slope of 1.0%?

1. 1 minute

2. 4 minutes

3. 21 minutes

4. 25 minutes

3. The rational method assumes rainfall duration equal to the time of concentration. If an estimated time of concentration is larger than the actual time of concentration for the drainage area, the peak runoff determined will be (greater than, equal to, less than) the actual peak discharge.

4. T          F          A storm with a return period of 25 years will occur only once every 25 years.

5. A drainage basin’s “time of concentration” means the time

1. the time for the first raindrop to flow down the steepest slope in the area.
2. the time to drain the drainage area after the rain stops.
3. the longest time of flow to the point of interest.
4. the time that is equal to the duration of the rainfall event.

6. (12 pts) The three general types of flow that could occur along the hydraulic path in a drainage area are ______________________________ flow, ______________________________flow, and ______________________________ flow.

7. The average rainfall rate in inches/hour is called the

1. duration.
2. return period.
3. frequency.
4. intensity.

8. A drainage basin is defined as the

1. boundary separating two adjacent rainfall collection basins.
2. surface preventing infiltration of water into the soil.
3. land surface having similar characteristics with a single outflow point.
4. continental divide.

9. What is the shallow concentrated flow travel time for a hydraulic path 540 ft long through average grass at an average slope of 3.4%?

1. 179 minutes
2. 18 minutes
3. 4 minutes
4. 3 minutes

10. What is the channel flow travel time for a hydraulic path 2000 ft long and a velocity of 9.52 ft/sec?

1. 3.5 minutes
2. 5.3 minutes
3. 21 minutes
4. 210 minutes

Task: Apply mathematical problem solving skills to a variety of problems at the college level.

To accomplish this task, the students will

1. Identify what they are given and what they need to find;

2. Identify the type of problem they have been given and the tools necessary to solve the problem;

3. Correctly apply the tools to the information given to set up the problem;

4. Perform mathematically correct calculations to determine a solution;

5. Interpret their results in terms of the original problem.

The written work for the following problem must be submitted to receive credit. The formulas and numbers that have been used in the formula must be shown to receive credit.

A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Test the local bank’s claim. Use the information given below. State the null and alternative hypotheses, the significance level, the critical value, the test statistic, the decision and conclusion. All work must be written out and shown.

Sample statistics for a local bank and a competitor's bank

Local Bank Competitor Bank   

Sample size Local Bank: n1=46 , Competitor bank: n2=50

Average waiting time in minutes for each sample Local Bank: X¯1=2.3 mins. (line should be above X), Competitor Bank X¯1=2.6 mins.(line should be above X)

Sample Standard Deviation of each Sample Local BankL s1= 1.1 mins, Competitor Bank:s2=1.0 mins

1. Are the samples dependent or independent?
2. State your Null/Alternative hypotheses
3. What is the test-statistic?
4. What is the p-value?
5. What are the critical values?
6. Does the test-statistic lie in the rejection region?
7. Interpret the Result?
8. Does the result change for a different value of alpha? Explain?

Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:

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:

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):

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.

Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:

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:

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):

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.

Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:

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:

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):

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.

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 $ 121.00 $ 88.00 Direct materials per unit $ 64.70 $ 54.00 Direct labor per unit $ 10.80 $ 9.00 Direct labor-hours per unit 1.2 DLHs 1.0 DLHs Estimated annual production and sales 25,000 units 71,000 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 $ 2,020,000 Estimated total direct labor-hours 101,000 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) $ 606,000 30,000 71,000 101,000 Batch setups (setups) 693,000 360 270 630 Product sustaining (number of products) 700,000 1 1 2 Other 21,000 NA NA NA Total manufacturing overhead cost $ 2,020,000 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.