West and Jones Granite Corp uses a standard cost system for its single product. The following data are available: ACTUAL for the current year: Purchase of raw materials (5,200 sq ft at $11.80) $61,360 Raw materials used 4,800 sq ft Direct Labor costs (22,000 at $13.80) $303,600 Actual variable overhead cost $64,250 Units produced 5,820 units Standards per unit of product: Raw materials 1.0 sq ft at $10.70/sq ft Direct labor 3.8 hours at $13.50/hr Variable overhead $2.75 per direct labor hour Compute the following variances: 1. material variance (price and quantity) 2. labor variance (rate and efficiency) 3. variable overhead variance (spending and efficiency)

1- Using the attached problem, compute the material price variance.

2-

Using the attached problem, compute the material quantity variance.

Hello!

I am stuck on only B-1 Recession EPS - I got everything else and I cannot figure out what I'm doing wrong - I keep getting $4.81, but it's incorrect and I don't know why. Can you help? I pasted my numbers below the question.

I know the answers outside of the recession one are correct - so I cannot determine what is wrong, can you help? Below is my work.

Thank you!

Acme Financial issues letters of credit to importers for overseas purchases. The company charges a nonrefundable application fee of $4,000 and, on approval, an additional service fee of 2.0% of the amount of credit requested.

The company’s budget for the year just completed included fixed expenses for office salaries and wages of $600,000, leasing office space and equipment of $60,000, and utilities and other operating expenses of $10,000. In addition, the budget also included variable expenses for supplies and other variable overhead costs of $1,000,000. The company estimated these variable overhead costs to be $2,000 for each letter of credit approved and issued. The company approves, on average, 75% of the applications it receives.

During the year, the company received 600 requests and approved 70% of them. The total variable overhead was 10.0% higher than the standard amount applied; the total fixed expenses were 5.0% lower than the amount budgeted.

In addition to these expenses, the company paid a $270,000 insurance premium for the letters of credit issued. The insurance premium is 1.0% of the amount of credits issued in U.S. dollars. The actual amount of credit issued often differs from the amount requested due to fluctuations in exchange rates and variations in the amount shipped versus the amount ordered by importers. The strength of the dollar during the year decreased the insurance premium by 10.0%.

Required:

1. Calculate (or determine) the following budgeted overhead costs for the year:

(a) the variable overhead application rate (per letter of credit issued)

(b) the insurance cost percentage

(c) the fixed overhead application rate (per letter of credit issued)

2. Prepare an analysis of the overhead cost variances for the year just completed and in so doing answer the following questions:

(a) What is the total overhead flexible-budget variance for the period?

(b) What is the overhead volume variance for the period?

(c) What is the total overhead cost variance for the year?

Indicate whether each of the above variances is favorable (F) or unfavorable (U).

1. A project manager has been asked to support an internal project request by developing a business case.

What kind of information is the person expected to provide in the document?

a The detailed information from a business standpoint to determine whether bidding for the customer project will be successful.

b The detailed information from a project management standpoint to determine whether the project will be successful.

c The detailed information from a technical standpoint to determine whether the project will be successful.

d The necessary information from a business standpoint to determine whether the project is worth the investment.

2 You found the following earned value analysis information for a project that was recently closed-out:

SPI = 0.7, CPI = 1.0

a The project has been cancelled while it was executed. At that time the project was behind schedule and on budget.

b The project's deliverables have all been finished. The project came in behind schedule but on budget.

c The project's deliverables have all been finished. The project came in ahead of schedule but on budget.

d The project's deliverables have all been finished. The project came in on schedule but over budget.

3 Which should be included in a requirements management plan?

a The document should trace requirements to project scope / WBS deliverables.

b It should describe how requirements activities will be planned, tracked, and reported.

c It should trace high-level requirements to more detailed requirements.

d It should trace requirements to business needs, opportunities, goals, and objectives.

4 In a traditionally drawn decision tree, a circle represents ___________.

a a chance to which no expected monetary value can be assigned so that a likely pay-off can not be shown.

b a decision to which no expected monetary value can be assigned so that a likely pay-off can not be shown.

c a chance to which an expected monetary value may be assigned to calculate the most likely pay-off.

d a decision to which an expected monetary value may be assigned to calculate the most likely pay-off.

Determine the carburizing time necessary to achieve a carbon concentration of 0.50 wt% at a position 3.3 mm into an iron-carbon alloy that initially contains 0.18 wt% C. The surface concentration is to be maintained at 1.1 wt% C, and the treatment is to be conducted at 1050°C. Assume that D0 = 3.1 × 10-5 m2/s and Qd = 120 kJ/mol. The following table may be useful.

An iron-carbon alloy initially containing 0.227 wt% C is exposed to an oxygen-rich and virtually carbon-free atmosphere at 1080°C. Under these circumstances the carbon diffuses from the alloy and reacts at the surface with the oxygen in the atmosphere; that is, the carbon concentration at the surface position is maintained essentially at 0.0 wt% C. At what position will the carbon concentration be 0.170 wt% after a 9 h treatment? The value of D at 1080°C is 1.9 × 10^-10 m²/s.

Nitrogen from a gaseous phase is to be diffused into pure iron at 700°C. If the surface concentration is maintained at 0.19 wt% N, what will be the concentration (in weight percent) 2.3 mm from the surface after 7.5 h? The diffusion coefficient for nitrogen in iron at 700°C is 1.2 × 10^-10 m²/s.

Assume that you recently graduated and you just landed a job as a financial planner with the Cleveland Clinic. Your first assignment is to invest $100,000. Because the funds are to be invested at the end of one year, you have been instructed to plan for a one-year holding period. Further, your boss has restricted you to the following investment alternatives, shown with their probabilities and associated outcomes. State of Economy Probability T-Bills Alta Inds. Repo Men American Foam Market Port. Recession 0.1 8.00% -22.0% 28.0% 10.0% -13.0% Below Average 0.2 8.00% -2.0% 14.7% -10.0% 1.0% Average 0.4 8.00% 20.0% 0.0% 7.0% 15.0% Above Average 0.2 8.00% 35.0% -10.0% 45.0% 29.0% Boom 0.1 8.00% 50.0% -20.0% 30.0% 43.0% Barney Smith Investment Advisors recently issued estimates for the state of the economy and the rate of return on each state of the economy. Alta Industries, Inc. is an electronics firm; Repo Men Inc. collects past due debts; and American Foam manufactures mattresses and various other foam products. Barney Smith also maintains an "index fund" which owns a market-weighted fraction of all publicly traded stocks; you can invest in that fund and thus obtain average stock market results. Given the situation as described, answer the following questions. a. Calculate the expected rate of return on each alternative. b. Calculate the standard deviation of returns on each alternative. c. Calculate the coefficient of variation on each alternative. d. Calculate the beta on each alternative. e. Do the SD, CV, and beta produce the same risk ranking? Why or why not? f. Suppose you create a two-stock portfolio by investing $50,000 in Alta Industries and $50,000 in Repo Men. Calculate the expected return, standard deviation, coefficient of variation, and beta for this portfolio. How does the risk of this two-stock portfolio compare with the risk of the individual stocks if they were held in isolation?

Ex if std no: 1abcde, 161667 (a=6, b=1, c=6, d=6, e=7) In my case std 173009 Q1) Design a concrete mix by using ACI Method of Mix Design having 28-day characteristic mean strength of 2a MPa for a deck of a residential building at Nebraska. Dry weather and gradually warming temperatures may be expected throughout the working week. Fresh concrete composed of a slump of 90 mm and maximum aggregate size of 25 mm. Determine the amount of water reducing admixture to be used for 0.2b % and 0.c5 %. Deck is a flat surface capable of supporting weight, similar to a floor, but typically constructed outdoors, often elevated from the ground, and usually connected to a building. Decks that need piers or footings must have them installed below the frost line. This will keep the piers from heaving up out of the ground from the strength of the freeze. Reinforcing steel will help keep the piers from cracking. The freeze or frost line is the depth to which the soil freezes or has been known to freeze at some point in the past. It is absolutely critical that the foundations of buildings extend below this point in a soil profile. Except for a few arid locations, soils typically contain water and this water expands approximately nine percent in volume when it freezes. The frost line depth is not consistent around the nation because there is such a dramatic difference in climate from state to state. Deck is composed of 2.5 cm reinforcement and there is no need for piers. The material properties are as follows: For Coarse aggregate: SSD bulk specific gravity: 2.75, absorption capacity = 1.5 %, total moisture: 2.5 %, Dry-rodded unit weight: 15de kg/m3. For Fine aggregate: SSD bulk specific gravity: 2.65, absorption capacity = 1.0 %, surface moisture: 3 %, F.M: 2.6. Cement: Type V, Sp.Gravity: 3.23 Probability constant: 1.22 and standard deviation: 2 MPa.

Ex if std no: 1abcde, 161667 (a=6, b=1, c=6, d=6, e=7)
In my case std 174702
Q1) Design a concrete mix by using ACI Method of Mix Design having 28-day characteristic mean strength of 2a MPa for a deck of a residential building at Nebraska. Dry weather and gradually warming temperatures may be expected throughout the working week. Fresh concrete composed of a slump of 90 mm and maximum aggregate size of 25 mm. Determine the amount of water reducing admixture to be used for 0.2b % and 0.c5 %. Deck is a flat surface capable of supporting weight, similar to a floor, but typically constructed outdoors, often elevated from the ground, and usually connected to a building. Decks that need piers or footings must have them installed below the frost line. This will keep the piers from heaving up out of the ground from the strength of the freeze. Reinforcing steel will help keep the piers from cracking. The freeze or frost line is the depth to which the soil freezes or has been known to freeze at some point in the past. It is absolutely critical that the foundations of buildings extend below this point in a soil profile. Except for a few arid locations, soils typically contain water and this water expands approximately nine percent in volume when it freezes. The frost line depth is not consistent around the nation because there is such a dramatic difference in climate from state to state. Deck is composed of 2.5 cm reinforcement and there is no need for piers. The material properties are as follows:
For Coarse aggregate: SSD bulk specific gravity: 2.75, absorption capacity = 1.5 %, total moisture: 2.5 %, Dry-rodded unit weight: 15de kg/m3.
For Fine aggregate: SSD bulk specific gravity: 2.65, absorption capacity = 1.0 %, surface moisture: 3 %, F.M: 2.6.
Cement: Type V, Sp.Gravity: 3.23
Probability constant: 1.22 and standard deviation: 2 MPa

Debt: 4,000, 7% semiannual coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments.

Preferred Stock:  10,000 outstanding with par value of $100 and a market value of 105 and $10 annual dividend.

Common Stock: 84,000 shares outstanding, selling for $56 per share, the beta is 2.08

The market risk premium is 5.5%, the risk free rate is 3.5% and Huntington’s tax rate is 32%.

Huntington Power Co. is evaluating two mutually exclusive project that is somewhat riskier than the usual project the firm undertakes; management uses the subjective approach and decided to apply an adjustment factor of +2.1% to the cost of capital for both projects.

Project A is a five-year project that requires an initial fixed asset investment of $2.4 million. The fixed asset falls into the five-year MACRS class. The project is estimated to generate $2,050,000 in annual sales, with costs of $950,000. The project requires an initial investment in net working capital of $285,000 and the fixed asset will have a market value of $225,000 at the end of five years when the project is terminated.

Project B requires an initial fixed asset investment of $1.0 million. The marketing department predicts that sales related to the project will be $920,000 per year for the next five years, after which the market will cease to exist. The machine will be depreciateddown to zero over four-year using the straight-line method (depreciable life 4 years while economic life 5 years). Cost of goods sold and operating expenses related to the project are predicted to be 25 percent of sales.  The project will also require an addition to net working capital of $150,000 immediately. The asset is expected to have a market value of $120,000 at the end of five years when the project is terminated.

Use the following rates for 5-year MACRS: 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76%

1. What is project A’s cash flows for years 0-5, NPV, IRR, and PI

I need an answer only for the bold part of the question.

1. Circle:

The class has two private instance variables: radius (of the type double) and color (of the type String).

The class also has a private static variable: numOfCircles (of the type long) which at all times will keep track of the number of Circle objects that were instantiated.

Construction:

A constructor that constructs a circle with the given color and sets the radius to a default value of 1.0.

A constructor that constructs a circle with the given, radius and color.

Once constructed, the value of the radius must be immutable (cannot be allowed to be modified)

Behaviors:

Accessor and Mutator aka Getter and Setter for the color attribute

Accessor for the radius.

getArea() and getCircumference() methods, hat return the area and circumference of this Circle in double.

Hint: use Math.PI (https://docs.oracle.com/javase/8/docs/api/java/lang/Math.html#PI (Links to an external site.))

2. Rectangle:

The class has two private instance variables: width and height (of the type double)

The class also has a private static variable: numOfRectangles (of the type long) which at all times will keep track of the number of Rectangle objects that were instantiated.

Construction:

A constructor that constructs a Rectangle with the given width and height.

A default constructor.

Behaviors:

Accessor and Mutator aka Getter and Setter for both member variables.

getArea() and getCircumference() methods, that return the area and circumference of this Rectangle in double.

a boolean method isSquare(), that returns true is this Rectangle is a square.

Hint: read the first 10 pages of Chapter 5 in your text.

3. Container

The class has two private instance variables: rectangle of type Rectangle and circle of type Circle.

Construction:

No explicit constructors.

Behaviors:

Accessor and Mutator aka Getter and Setter for both member variables.

an integer method size(), that returns 0, if all member variables are null, 1 either of the two member variables contains a value other than null, and 2, if both, the rectangle and circle contain values other than null.