Questions
Currently, taking pictures or any type of video recording in the United States Supreme Court is...

Currently, taking pictures or any type of video recording in the United States Supreme Court is not allowed. Discuss your thoughts and perspectives about allowing cameras in the United States Supreme Court during their hearings. What are the pros and cons about allowing cameras in the Court? Do you support putting cameras in the Court? Why or why not?

In: Psychology

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in...

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow.

Process Activity Overhead Cost Driver Quantity
Components Changeover $ 596,050 Number of batches 910
Machining 376,184 Machine hours 7,970
Setups 72,000 Number of setups 40
$ 1,044,234
Finishing Welding $ 322,380 Welding hours 5,400
Inspecting 256,725 Number of inspections 815
Rework 71,400 Rework orders 280
$ 650,505
Support Purchasing $ 181,125 Purchase orders 525
Providing space 30,900 Number of units 4,200
Providing utilities 46,380 Number of units 4,200
$ 258,405

   
Additional production information concerning its two product lines follows.

Model 145 Model 212
Units produced 1,400 2,800
Welding hours 1,400 4,000
Batches 455 455
Number of inspections 495 320
Machine hours 2,650 5,320
Setups 20 20
Rework orders 150 130
Purchase orders 350 175

  
Required:
1. Using ABC, compute the overhead cost per unit for each product line.
2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $190 for Model 145 and $116 for Model 212.
3. If the market price for Model 145 is $821.61 and the market price for Model 212 is $498.56, determine the profit or loss per unit for each model.

Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimal places.)

Required 1:

Model 145 Model 212
Activity Expected Costs Expected Activity Activity Rate Activity driver incurred Overhead assigned Activity driver incurred Overhead assigned
Components
Changeover $596,050 910 Number of batches $655.00 per batch
Machining 376,184 7,970 Machine hours $47.20 per machine hour
Setups 72,000 40 Setups $1,800.00 per setup
Finishing
Welding $322,380 5,400 Welding hours $59.70 per welding hour
Inspecting 256,725 815 Inspections $315.00 per inspection
Rework 71,400 280 Rework orders $255.00 per rework order
Support
Purchasing $181,125 525 Purchase orders $345.00 per purchase order
Providing space and utilities 77,280 4,200 Units $18.40 per unit
Total overhead cost $0 $0
Total units produced
Overhead cost per unit

Required 2:

Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $190 for Model 145 and $116 for Model 212. (Round your final answers to 2 decimal places.)

Model 145 Model 212
Materials and Labor per unit $190.00 $116.00
Overhead cost per unit
Total cost per unit

Required 3:

If the market price for Model 145 is $821.61 and the market price for Model 212 is $498.56, determine the profit or loss per unit for each model. (Round your final answers to 2 decimal places.)

Model 145 Model 212
Price per unit $821.61 $498.56
Cost per unit
Profit (loss) per unit


In: Accounting

Profit Center Responsibility Reporting XSport Sporting Goods Co. operates two divisions—the Winter Sports Division and the...

Profit Center Responsibility Reporting

XSport Sporting Goods Co. operates two divisions—the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted:

Sales—Winter Sports Division $22,785,000
Sales—Summer Sports Division 25,172,000
Cost of Goods Sold—Winter Sports Division 13,671,000
Cost of Goods Sold—Summer Sports Division 14,539,000
Sales Expense—Winter Sports Division 3,906,000
Sales Expense—Summer Sports Division 3,472,000
Administrative Expense—Winter Sports Division 2,278,500
Administrative Expense—Summer Sports Division 2,235,100
Advertising Expense 1,082,000
Transportation Expense 447,000
Accounts Receivable Collection Expense 228,800
Warehouse Expense 2,170,000

The bases to be used in allocating expenses, together with other essential information, are as follows:

  1. Advertising expense—incurred at headquarters, charged back to divisions on the basis of usage: Winter Sports Division, $508,000; Summer Sports Division, $574,000.
  2. Transportation expense—charged back to divisions at a charge rate of $15 per bill of lading: Winter Sports Division, 14,200 bills of lading; Summer Sports Division, 15,600 bills of lading.
  3. Accounts receivable collection expense—incurred at headquarters, charged back to divisions at a charge rate of $8 per invoice: Winter Sports Division, 13,200 sales invoices; Summer Sports Division, 15,400 sales invoices.
  4. Warehouse expense—charged back to divisions on the basis of floor space used in storing division products: Winter Sports Division, 120,000 square feet; Summer Sports Division, 160,000 square feet.

Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations.

XSport Sporting Goods Co.
Divisional Income Statements
For the Year Ended December 31, 20Y9
Winter Sports Division Summer Sports Division
Sales $ $
Cost of goods sold
Gross profit $ $
Divisional selling and administrative expenses:
Divisional selling expenses $ $
Divisional administrative expenses
Total divisional selling and administrative expenses $ $
Income from operations before service department charges $ $
Service department charges:
Advertising expense $ $
Transportation expense
Accounts receivable collection expense
Warehouse expense
Total service department charges $ $
Income from operations $ $

Provide supporting schedules for determining service department charges. If required, round per unit amounts to two decimal places and final answers to the nearest dollar.

XSport Sporting Goods Co.
Service Department Charges
For the Year Ended December 31, 20Y9
Winter Sports Division Summer Sports Division Total
Advertising expense $ $ $
Transportation rate per bill of lading $ $
Number of bills of lading
Transportation expense $ $ $
Accounts receivable collection rate $ $
Number of sales invoices
Accounts receivable collection expense $ $ $
Warehouse rate per sq. ft. $ $
Number of square feet
Warehouse expense $ $ $

In: Accounting

How far should our government (G) go in order to try to “make whole” the workers...

How far should our government (G) go in order to try to “make whole” the workers losing wage income starting March,2020?  Should our G try to transfer money to these workers? Yes? WHY? How much? A. One quarter of their lost income? B. One third? C. One half? D. ALL OF IT???????? E. Do you see any potential problems with D???? What might they be? 6. Okay. One could argue that D may be a little extreme…. You have to form your own opinion….. IS NOW THE TIME IN OUR COUNTRY’S HISTORY FOR US TO CHANGE OUR CURRENT SYSTEM OF INCOME DISTRIBUTION AND WEALTH DISTRIBUTION? IF SO, just in general terms, what should we do? Why?

In: Economics

The absorption spectrum of an atom consists of the wavelengths 200 nm, 300nm, and 500 nm....

The absorption spectrum of an atom consists of the wavelengths 200 nm, 300nm, and 500 nm.

a) Draw the atom's energy-level diagram.

b) What wavelengths are seen in the atom's emission spectrum?

(Please show all the steps and calculations with simple explanation. Thank you)

In: Physics

A 200.00mL sample of 1.000M nitric acid is added to a carbonate buffer solution prepared by...

A 200.00mL sample of 1.000M nitric acid is added to a carbonate buffer solution prepared by mixing 1.00mol Na2CO3 and 1.000 mol NAHCO3 and adding water to make a 1.000L solution. What is the resulting pH? (pKa of HCO3- is 10.32)

In: Chemistry

Summarize the case- "Tesco: From Troubles to Turnaround". Explain what other companies should learn from Tesco's...

Summarize the case- "Tesco: From Troubles to Turnaround". Explain what other companies should learn from Tesco's mistakes?

In: Accounting

A change in which of the following would cause the LM curve to shift? To rotate?...

  1. A change in which of the following would cause the LM curve to shift? To rotate? To both shift and rotate? Which do not affect the position or slope of the LM curve?
    1. nominal money supply
    2. responsiveness of the demand for money to the interest rate
    3. responsiveness of the demand for money to income
    4. business and consumer confidence
    5. interest rate (r)
    6. price level (P)

In: Economics

c++ Write a program that opens a file, reads records into a container of data structures,...

c++

Write a program that opens a file, reads records into a container of data structures, and prints out the sum in order.
You can use Vectors to contain the data structures.

1. Create a data structure to represent the record ==> struct Cost in cost.h
2. Write a function called ==> parse_account, that parses one (string) record from a file, and
populates a data structure with that data.
3. Write a function called sum_accounts, that when passed a container of structures, returns
a double representing the sum of the amounts in those structures.
4. Create a main program
     a) Create an appropriate container of data structures
     b) Open the accounts file (costfile.txt)
     c) While you can read a line from the file without error
          Call parse_account, which returns a data structure.
          Add the returned data structure to the container (using, pushToV)
    d) Call sum_accounts to determine the amount of money represented
    e) Print a message and the result.

Try this with some sample data, such as the following lines in costfile.dat
You may add or create your own data file to test the program with:
You can start with the data in a text file and then write the data in a binary file, this
way you practice with both file types.

Description      Amount    Item number
Pass_Go           200.00          135
Reading_RR       50.00          136
Connecticut      120.00          137
Chance              25.00          138


- Use input file to read the above Data
- Use header file for the data structure definition
- Use Multiple Source Files for function definitions and Application, each in separate file (.cpp file)

In: Computer Science

A) A 50.0-mL volume of 0.15 M HBr is titrated with 0.25 M KOH. Calculate the...

A) A 50.0-mL volume of 0.15 M HBr is titrated with 0.25 M KOH. Calculate the pH after the addition of 19.0mL of KOH.

Express your answer numerically.

B) A 75.0-mL volume of 0.200 M NH3 (Kb=1.8�10?5) is titrated with 0.500 M HNO3. Calculate the pH after the addition of 13.0mL of HNO3.

C) A 52.0-mL volume of 0.35 M CH3COOH (Ka=1.8�10?5) is titrated with 0.40 M NaOH. Calculate the pH after the addition of 23.0mL of NaOH.

In: Chemistry

2. Calculating costs Becky is working for an advertising firm making $50,000 per year but considers...

2. Calculating costs

Becky is working for an advertising firm making $50,000 per year but considers starting her own advertising company. Becky has determined that to launch the business, she needs to invest $80,000 of her own funds. The annual cost of running the business will include $75,000 for the rent of the office space, $190,000 for employee wages, and $6,000 for materials and utilities. Becky plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 5%.

Becky's total implicit cost per year is _____ .

Becky's total cost per year is _____ .

3. Definition of economic costs

Nick lives in San Francisco and runs a business that sells guitars. In an average year, he receives $722,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. He owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Nick does not operate this guitar business, he can work as a paralegal and receive an annual salary of $21,000 with no additional monetary costs. No other costs are incurred in running this guitar business.

Identify each of Nick's costs in the following table as either an implicit cost or an explicit cost of selling guitars.

Implicit Cost

Explicit Cost

The wholesale cost for the guitars that Nick pays the manufacturer
The salary Nick could earn if he worked as a paralegal
The wages and utility bills that Nick pays
The rental income Nick could receive if he chose to rent out his showroom

Complete the following table by determining Nick's accounting and economic profit of his guitar business.

Profit

(Dollars)

Accounting Profit
Economic Profit

Alternatively, the economic profit he would earn as a paralegal would be

.

If Nick's goal is to maximize his economic profit, he _____   stay in the guitar business.

True or false: Nick is not earning a normal profit because his profit is positive.

False

True

In: Economics

What do these four forecasting techniques mean and when should I use them? 1) Moving Average...

What do these four forecasting techniques mean and when should I use them?

1) Moving Average Technique

2) Simple Linear Regression Technique

3) Multiple Linear Regression Analysis Technique

4) Exponential Smoothing Forecasting Technique

In: Math

Grexit or Not? When the euro was introduced in 1999, Greece was conspicuously absent from the...

Grexit or Not?

When the euro was introduced in 1999, Greece was conspicuously absent from the list of the EU member countries adopting the common currency. The country was not ready. In a few short years, however, European leaders, probably motivated by their political agenda, allowed Greece to join the euro club in 2001 although it was not entirely clear if the country satisfied the entry conditions. In any case, joining the euro club allowed the Greek government, households, and firms to gain easy access to plentiful funds at historically low interest rates, ushering in a period of robust credit growth. For a while, Greeks enjoyed what seemed to be the fruits of becoming a full-fledged member of Europe.

In December 2009, however, the new Greek government revealed that the gov- ernment budget deficit would be 12.7 percent for 2009, not 3.7 percent as previously announced by the outgoing government, far exceeding the EU’s convergence guideline of keeping the budget deficit below 3.0 percent of the GDP. As the true picture of the government finance became known, the prices of Greek government bonds began to fall sharply, prompting panic selling among international investors, threatening the sov- ereign defaults.

Several years into the crisis, the Greek government debt stands at around 180 percent of GDP and the jobless rate among youth is above 50 percent. The country’s GDP declined by about 25 percent. Severe austerity measures, such as sharply raised taxes and much reduced pension benefits, were imposed on Greece as conditions for the bail- outs arranged by the EU, IMF, and the European Central Bank. In addition, people were allowed to have only restricted access to their bank deposits, to prevent bank runs. Opin- ion polls indicate that the majority of people in Germany, the main creditor nation for Greece, prefer the Greek exit from the euro zone, popularly called Grexit, while some people in Greece are demanding Grexit themselves and restoration of the national cur- rency, the drachma.

Discussion points: (i) the root causes of the Greek predicaments, (ii) the costs and ben- efits of staying in the euro zone for Greece, (iii) the measures that need to be taken to keep Greece in the euro zone in the long run if that is desirable, (iv) If you were a disinter- ested outside advisor for the Greek government, would you advise Grexit or not? Why or why not?

In: Economics

In the Grossman model, is there a graph that best fits the thrifty phenotype hypothesis?

In the Grossman model, is there a graph that best fits the thrifty phenotype hypothesis?

In: Economics

Assume we start with a total government debt of $0. What happens at the end of...

Assume we start with a total government debt of $0. What happens at the end of each year? Hint if I borrow $10 million then my debt is equal to $10 million.

In year 1 the government spends $405 million and collects $356 million in taxes. Public saving in year 1 is equal to $__million and the government debt is equal to $ __ million.

In year 2 the government spends $390 million and collects $360 million in taxes. Public saving in year 2 is equal to $ __million and the government debt is now equal to $ __million.

In year 3 the government spends $360 million and collects $358 million in taxes. Public saving in year 3 is equal to $ __ million and the government debt is now equal to $ __ million.

In year 4 the government spends $405 million and collects $425 million in taxes. Public saving in year 4 is equal to $__ million and the government debt is now equal to $ __million.

In: Economics