Loring Company incurred the following costs last year:

X

Cost Classification

1. Classify each of the costs using the table provided. Be sure to total the amounts in each column. If an amount box does not require an entry, leave it blank. Direct materials is shown as an example.

X

Product Costs

2. What was the total product cost for last year?

The total product cost is .

3. What was the total period cost for last year?

The total unit product cost is .

The total period cost is .

4. If 30,000 units were produced last year, what was the unit product cost? Round your answer to two decimal places.

You are the store manager for a Bomberland store. One of your products is a study desk. This desk comes in two colors: maple and cherry. Weekly demand for each desk color follows a Normal distribution with mean 100 and standard deviation 50. The demands for the two colors are independent. You order inventory replenishments weekly, the lead-time from your supplier is 3 weeks and your supplier is quite reliable, i.e., you always receive your entire order in three weeks. You use the order up-to model to decide your order quantities.

24. Suppose your order up-to level S is 400 for maple. After receiving your weekly delivery from your supplier at the beginning of a week, you note that you have 250 units of the maple desk on-hand, 100 maple desks still on-order and no maple desks backordered. How many maple desks will you order this week?

a. 0

b. 50

c. 100

d. 150

e. 200

25. Suppose your order up-to level is 500 for maple desks. With a 3-week lead time, what is your expected ending inventory of maple desks? Choose the closest number.

a. 98

b. 108

c. 208

d. 308

e. 408

26. If the order-up-to level for maple is S = 500, what is the approximate fill rate?

a. 92.00%

b. 95.00%

c. 98.75%

d. 99.56%

e. 100.00%

27. Suppose the ordering cost for maple desk is $100 and the unit holding cost is $5 per day. If there are 5 working days each week, the length of the review period using the economic order quantity model is (Hint: use the economic order quantity in Chapter 7 to figure out the length of a review period. The review period is the average flow time of one order cycle.)

a. Less than 1 day

b. Between 1 day and 2 days

c. At least a week

d. Two weeks or longer

1. If the interest rate were 6%, which of these investments would you prefer?       Show your calculations!

1. A single payment of $500 in year 3
2. A payment of $40 a year for 20 years starting in one year’s time
3. A perpetuity of $30 a year starting in one year’s time
4. A perpetuity of $50 a year starting in one year’s time

2. Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3. If she earns 3.4 percent on her savings, how much money will she have saved at the end of Year 3? Show your calculations!

1. $2,200.00
2. $2,238.47
3. $2,309.16
4. $2,468.69    

3. Mr. Bean wants to begin saving for his daughter’s college education and you estimate that he         will need $150,000 in 17 years. If you feel confident that he can earn a compound interest of         8%, how much does he need to invest today? Show your calculations!

1. $40,540.34
2. $8,823.53
3. $150,000
4. $8,169.93

-Company A's free cash flow is estimated to be $75 million for the next three years.

-expect growth of 5 percent per year in free cash flow

-Company A has 18 million shares outstanding, cash on hand of $50 million, liabilities of $155 million, and a weighted average cost of capital of 8 percent.

If you want to become an owner (a shareholder), how much can you expect to pay per share? (Do not round intermediate calculations. Round your final answer to two decimal places.)

Consider the following project being analyzed for possible investment at ABC Corp.

Initial Cost                      –$50

Inflow Year 1                   $15

Inflow Year 2                   $15

Inflow Year 3                   $20

Inflow Year 4                   $10

Inflow Year 5                   $10

All amounts are in millions. The required return for the project is 8%.

The project’s NPV is:

(Enter your answer without a leading dollar sign out to two decimal places and in abbreviated millions. As an example, you would enter $2.42 million as 2.42.)

A recycling company takes various cartons and produces three different types of recycled paper. The raw material of the imported cartons is basically the same, the mixture of recycled papers is not important. These three types of recyclable paper are obtained from parcel cardboard, general use cardboard and ornamental cardboard. The first type can be made from parcels and general use cartons, the second can be made from general use and ornamental cartons, and the third one can use three types of cartons. In the production of the first type of paper, 20% of the input cardboard weight goes to waste. For the second and third types of paper, this rate is 40% and 20% respectively.. It is necessary to produce 240 tons, 207 tons from the second type of paper and 132 tons from the third type of paper. For the supply of the process and cartons.
a) Consider this information and establish an evaluation transportation model to reduce the costs of this company. Create the transport chart. b) Find a baseline feasible solution using the Vogel Approach.
The following are the data for the table of the problem
Purchase cost per ton: parcel = 10, General Usage = 9, Ornamental = 8,
Processing cost per ton: parcel for type one = 3, parcel for type three = 4, general use for type one = 4, general use for type two = 1, general use for type three= 6, ornamental for type two = 5 , ornamental for type three = 3.
Supply (Ton): parcel = 500, general use = 300, ornamental = 200

Design a strategy that minimizes the expected number of questions you will ask in the fol- lowing game. You have a deck of cards that consists of one one, two twos, three threes, and so on up to nine nines for a total of 45 cards. Someone draws a card from the shuffled deck and looks at its value (hiding it from you). The goal is to determine the value of the card through asking a series of questions, each of which must be answerable with “yes” or “no” (such as “Is the card a nine?”).

To answer this question, you should express your strategy as a decision tree. You may either explicitly draw the decision tree or describe its construction in sufficient detail so that I could draw it from your description.

Furthermore, briefly explain why this minimizes the expected number of questions you will ask in this game. You are not required to give a formal proof.

Hint: The first question to ask in the optimal decision tree is “Is the card one of {4, 5, 9}?” Equivalently, the question can be “Is the card one of {1, 2, 3, 6, 7, 8}?”

1-Carbonic anhydrase inhibitors (check one or more)

None of the listed

Are used in the treatment of motion sickness

Inhibit carbonic anhydrase which is responsible for the interaction between carbon dioxide and water

Indapamide is the prototype

2-A woman with diabetes came to the hospital for a follow-up visit. She has tried to eat a healthier diet and work out over the past year months. She lost 8 kg with her new lifestyle. Nevertheless, her urine analysis displays some problems. The doctor decided to give the patient ramipril. What is a popular side effect of Ramipril ( choose one or more):

Gynecomastia

Ototoxicity

Acute renal failure

Hypokalemia

Nausea and vomiting

Hypertension

8-11. Match the part of the menstrual cycle to its hormonal description:

          a)menstruation b)luteal phase c)follicular phase d)mid-cycle

8) Progesterone peaks                                                 9) LH peaks

10) Estrogen rises, but progesterone is absent           11) Both estrogen and progesterone fall to very low levels

12) The amount of water reabsorbed in the collecting ducts of kidney nephrons is regulated by the hormone

      a)ACTH b)ADH c)ANF d)aldosterone

The following frequency distribution shows the price per share for a sample of 30 companies listed on the New York Stock Exchange.

Compute the sample mean price per share and the sample standard deviation of the price per share for the New York Stock Exchange companies (to 2 decimals). Assume there are no price per shares between 29 and 30, 39 and 40, etc.