Complete the problems below on variance analysis.
Morgan Clay Products manufactures clay molded pottery on an
assembly line. Its standard costing system uses two cost
categories, direct materials and conversion costs. Each product
must pass through the Molding Department and the Finishing
Department. Direct materials are added at the beginning of the
production process. Conversion costs are allocated evenly
throughout production.
Data for the Assembly Department for August 2017 are:
Work in process, beginning inventory: 2600 units
Direct materials (100% complete)
Conversion costs (35% complete)
Units started during August 715 units
Work in process, ending inventory: 520 units
Direct materials (100% complete)
Conversion costs (55% complete)
Costs for August:
Standard costs for Assembly:
Direct materials $18 per unit
Conversion costs $35.50 per unit
Work in process, beginning inventory:
Direct materials $12,600
Conversion costs $8250
Part 2A: Variance Problem
Castleton Corporation manufactured 36,000 units during March. The
following fixed overhead data relates to March:
Actual Static Budget
Production 36,000 units 34,000 units
Machine-hours 6,960 hours 6,800 hours
Fixed overhead costs for March $164,700 $156,400
Compute the fixed overhead variances.
Part 2B: Variance Problem
Russo Corporation manufactured 21,000 air conditioners during
November. The overhead cost-allocation base is $34.50 per
machine-hour. The following variable overhead data pertain to
November:
Actual Budgeted
Production 21,000 units 23,000 units
Machine-hours 12,700 hours 13,800 hours
Variable overhead cost per machine-hour:
$34.00 $34.50
Compute the variable overhead variances.
In: Accounting
know headquarters wants us to add that new product line,” said Dell Havasi, manager of Billings Company’s Office Products Division. “But I want to see the numbers before I make any move. Our division’s return on investment (ROI) has led the company for three years, and I don’t want any letdown.” |
Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on the basis of ROI, with year-end bonuses given to the divisional managers who have the highest ROIs. Operating results for the company’s Office Products Division for the most recent year are given below: |
Sales | $ | 22,000,000 |
Variable expenses | 13,500,000 | |
Contribution margin | 8,500,000 | |
Fixed expenses | 6,000,000 | |
Net operating income | $ | 2,500,000 |
Divisional operating assets | $ | 4,443,500 |
The company had an overall return on investment (ROI) of 16.00% last year (considering all divisions). The Office Products Division has an opportunity to add a new product line that would require an additional investment in operating assets of $2,289,300. The cost and revenue characteristics of the new product line per year would be: |
Sales | $ 9,155,000 |
Variable expenses | 65% of sales |
Fixed expenses | $ 2,543,950 |
Required: | |
1. |
Compute the Office Products Division’s ROI for the most recent year; also compute the ROI as it would appear if the new product line is added. (Do not round intermediate calculations. Round your Turnover answers to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) |
2. |
If you were in Dell Havasi’s position, would you accept or reject the new product line? |
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3. |
Why do you suppose headquarters is anxious for the Office Products Division to add the new product line? |
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4. |
Suppose that the company’s minimum required rate of return on operating assets is 13.00% and that performance is evaluated using residual income. |
a. |
Compute the Office Products Division’s residual income for the most recent year; also compute the residual income as it would appear if the new product line is added. (Enter your Minimum Required Rate as a whole percentage (i.e., 0.12 should be entered as 12).) |
b. |
Under these circumstances, if you were in Dell Havasi’s position, would you accept or reject the new product line? |
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In: Accounting
Blossom Corp. management is investigating two computer systems. The Alpha 8300 costs $2,991,425 and will generate cost savings of $1,560,125 in each of the next five years. The Beta 2100 system costs $3,323,500 and will produce cost savings of $1,340,750 in the first three years and then $2 million for the next two years. The company’s discount rate for similar projects is 14 percent. What is the NPV of each system? (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)
NPV of Alpha system $enter a dollar amount rounded to 0 decimal places
NPV of Beta system $enter a dollar amount rounded to 0 decimal places
Which one should be chosen based on the NPV?
In: Finance
1. Is computer-mediated communication within virtual communities a poor substitute for in-person relationships? Or is it a wonderful way to widen our social circles? (Please explain using social psychological concepts).
2. Does the Internet do more to connect people or to drain time from face-to-face relationships (Please explain using social psychological concepts and don’t confuse “face-to-face relationships” with Face Time).
In: Psychology
You have the following scenario:
Your company is incorporating Cloud technologies to service their
online clients and internal employees for data storage. The CIO is
a former manager that worked into a job as the IT director before
he was promoted to CIO for your small company of fewer than 70
employees. Since that time, expansion has indicated that your
company needed these Cloud services to better support your internal
and external clients. It has been working fairly well, with few
problems from your Cloud provider.
Last week, the CIO had a discussion with your Cloud provider and
they mentioned to him the term "Cloud bursting", which has him
worried. He doesn't know what it is or how it could affect your
company but wants some information from you, the systems
administrator for your company. Research "Cloud bursting" and in a
memo, outline what "Cloud bursting" is, how it may affect your
company, and what you have in place to guard against lost time or
money if it should happen. You will need to make some assumptions
as you may not have all the information you need to give him an
educated reply. Make sure any assumptions you make are listed
within the memo.
In: Computer Science
Machine |
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Job |
1 |
2 |
3 |
4 |
A |
$26 |
23 |
21 |
23 |
B |
22 |
17 |
23 |
21 |
C |
19 |
21 |
23 |
24 |
D |
22 |
18 |
20 |
21 |
In: Operations Management
using examples , explain how a decision support system (DSS) and management information system (MIS) are incorporated into the business of eBay. 20 Marks.
In: Operations Management
INPUT FILE INTO ARRAY. CHECKING FOR COMMAS AND SUCH. HOW TO DO? ****IMPORTANT**** PLEASE READ CAREFULLY ****IMPORTANT****
***GOALS***
HOW TO CHECK FOR COMMAS, TILL THE END OF FILE. IT WILL CHECK THE LINE FOR THE APPRORIATE FORMAT IN THE TEXT FILE. IF THERE IS MISSING A COMMA, IT WILL IGNORE, IF THERE IS A WHITE SPACE, IT WILL CORRECT AND READ LINE, IF IT IS MISSING 1 OF THE 3 INFORMATION, IT WILL IGNORE.
Display candidates’ names using displayList()
function
Execute the getWinner(Candidate[]) function to get the candidate
with the highest number of votes. Display his name along with
number of votes.
Execute the getLast(Candidate[]) function to get the candidate
with the lowest number of votes. Display his name along with number
of votes.
Calculate pScore for each candidate
Sort candidates by votes
Display sorted list using displayList() function
For three records with the highest pScore, use the roundScore
function to round the pScore
Display list again using displayList() function
void readFile(Candidate candidates[]) – reads the elections.txt file, fills the candidates[] array. Hint: use substr() and find() functions. Set Score to 0.
void List(Candidate candidates[]) – prints the array of Candidate
structs. One candidate per one line, include all fields. Use setw()
to display nice looking list.
void displayCandidate(Candidate candidates[]) – prints the complete
information about the candidate
.
Candidate First(Candidate candidates[]) – returns single struct
element: candidate with highest score
Candidate Last(Candidate candidates[]) – returns single struct
element: candidate with lowest score
void Votes(Candidate candidates[]) – function sorts the
candidates[] array by number of votes, the order in candidates[]
array is replaced
void Scores(Candidate candidates[]) – calculates the percentage
score for each candidate. Use the following formula:
??????=(CandidateVotes)/(sum of votes)*100%
Correct line for the reference: F=John,L=Smith,V=3342
The line errors that your program needs to detect, are as follows:
incorrect token / separator, example in line 5: F=Steven,L=JohnV=4429 --- (comma missing) – lines with this error need to be ignored
space in token, example in line 3: F=Hillary,X=Clinton, V=1622 --- lines with this error need to be read, error fixed, data included in your dataset
empty line, example in line 6 – empty lines need to be ignored
Example Textfile
F=Michael,L=John,V=3342
F=Danny,L=Red,V=2003
F=Hillary,L=Clinton, V=1588
F=Albert,L=Lee,V=5332
F=Steven,L=JohnV=4429
*IMPORTANT* How would I do the readFile function? It says to check if the commas are present, and that the program will correct the line if there is white spaces. How do i use the find() function? Please be DETAILED in explanations of each part of code. Beginner Coder. *IMPORTANT*
Code Skeleton We HAVE to follow. How Would i go about using this skeleton?YOU CANNOT CHANGE WHAT IS ALREADY THERE ON THE SKELETON, YOU MAY ADD EXTRA INFORMATION THOUGH:
#include <iostream>
#include <iomanip>
#include <string>
#include <stdlib.H>
#include <fstream>
using namespace std;
struct Candidate {
string Fname;
string Lname;
int votes;
double Score;
};
const int MAX_SIZE = 100;
void readFile(Candidate[]);
void List(Candidate[]);
void Votes(Candidate[]);
void displayCandidate(Candidate);
Candidate First(Candidate[]);
Candidate Last(Candidate[]);
void Scores(Candidate[]);
int main() {
}
void readFile(Candidate candidates[]) {
string line;
ifstream infile;
infile.open("elections.txt");
while (!infile.eof()) {
getline(infile,line);
// your code here
}
infile.close();
}
void List(Candidate candidates[]) {
}
void Votes(Candidate candidates[]) {
}
void displayCandidate(Candidate candidates) {
}
Candidate First(Candidate candidates[]) {
}
Candidate Last(Candidate candidates[]) {
}
void Scores(Candidate candidates[]) {
}
In: Computer Science
Does management practice have any relationship to the type of society we have become?
In: Operations Management
Assignment Content
In this course, you have learned that computer programming is key to computer science. The ability to program a succession of instructions to resolve a computing problem is a valuable skill that is integral to many aspects of modern life. You have also seen the versatility and distinguishing characteristics that make Python 3 a popular choice for programmers.
End-of-Course Essay
Write a 1- to 2-page essay in which you connect this course to your own career or personal life. Imagine the audience for this essay is someone who is interested in finding out about your experience with this course and the programming language.
An essay is a short composition on a theme or subject, written in prose and generally analytic, speculative, or interpretative.
Consider these questions as you write. You may answer all or some of the questions in your essay.
Grading guidelines:
Cite any references to support your assignment.
Format your assignment according to APA guidelines.
Submit your assignment.
In: Computer Science
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $105. Use Table 1 in Appendix B.
a. What is the probability that a domestic airfare is $560 or more (to 4 decimals)?
b. What is the probability that a domestic airfare is $250 or less (to 4 decimals)?
c. What if the probability that a domestic airfare is between $300 and $470 (to 4 decimals)?
d. What is the cost for the 2% highest domestic airfares? (rounded to nearest dollar) $ or Select your answer 1. More 2. Less
In: Math
Sort a string array by frequency
given an array of string write a function that will return an array that is sorted by frequency
example
{"hello","hola","hello","hello","ciao","hola","hola","hola"}
returned array should be
{"hola","hello","ciao"}
In: Computer Science
Write a class to keep track of a balance in a bank account with a varying annual interest rate. The constructor will set both the balance and the interest rate to some initial values (with defaults of zero). The class should have member functions to change or retrieve the current balance or interest rate. There should also be functions to make a deposit (add to the balance) or withdrawal (subtract from the balance). You should not allow more money to be withdrawn than what is available in the account, nor should you allow for negative deposits. Finally, there should be a function that adds interest to the balance (interest accrual) at the current interest rate. This function should have a parameter indicating how many months’ worth of interest are to be added (for example, 6 indicate the account should have 6 months’ added). Interest is accrued from an annual rate. The month is representative of 1/12 that amount. Each month should be calculated and added to the total separately.
For example:
1 month accrued at 5% APR is Balance = ((Balance * 0.05)/12) + Balance;
For 3 months the calculations you repeat the statement above 3 times.
In: Computer Science
Problem 7-18 Abandonment
We are examining a new project. We expect to sell 6,700 units per year at $61 net cash flow apiece for the next 10 years. In other words, the annual operating cash flow is projected to be $61 × 6,700 = $408,700. The relevant discount rate is 15 percent, and the initial investment required is $1,780,000. After the first year, the project can be dismantled and sold for $1,650,000. Suppose you think it is likely that expected sales will be revised upward to 9,700 units if the first year is a success and revised downward to 5,300 units if the first year is not a success.
a. If success and failure are equally likely, what is the NPV of the project? Consider the possibility of abandonment in answering. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the value of the option to abandon? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
In: Finance
Give one example to non-regularity on any programming language that you know. Your should provide an example to each one of the following categories: Generality, Orthogonality, and Uniformity. That is, you will give total three examples and explain why...
In: Computer Science