Hi-Tek Manufacturing Inc. makes two types of industrial component parts—the B300 and the T500. An absorption costing income statement for the most recent period is shown below:
Hi-Tek Manufacturing Inc | Income Statement: |
---|---|
SALES | $ 1,693,500 |
COST OF GOODS SOLD | 1,243,934 |
GROSS MARGIN | 449,566 |
SELLING AND ADMINISTRATIVE EXPENSES | 580,000 |
NET OPERATING LOSS | $ (130,434) |
Hi-Tek produced and sold 60,300 units of B300 at a price of $20
per unit and 12,500 units of T500 at a price of $39 per unit. The
company’s traditional cost system allocates manufacturing overhead
to products using a plantwide overhead rate and direct labor
dollars as the allocation base. Additional information relating to
the company’s two product lines is shown below:
B300 | T500 | TOTAL | |
---|---|---|---|
DIRECT MATERIALS | $ 400,100 | $ 162,100 | $ 562,200 |
DIRECT LABOR | $ 120,300 | $ 43,000 | 163,300 |
MANUFACTURING OVERHEAD | 518,434 | ||
COST OF GOODS SOLD | $ 1,243,934 |
The company has created an activity-based costing system to evaluate the profitability of its products. Hi-Tek’s ABC implementation team concluded that $56,000 and $107,000 of the company’s advertising expenses could be directly traced to B300 and T500, respectively. The remainder of the selling and administrative expenses was organization-sustaining in nature. The ABC team also distributed the company’s manufacturing overhead to four activities as shown below:
ACTIVITY COST POOL (& ACTIVITY MEASURE | MANUFACTURING OVERHEAD | ACTIVITY B300 |
ACTIVITY T500 |
ACTIVITY TOTAL |
MACHINE (MACHINE-HRS) | $ 211,554 | 90,500 | 62,800 | 153,300 |
SETUPS (SETUP HRS) | 146,080 | 72 | 260 | 332 |
PRODUCT-SUSTAINING ( # OF PRODUCTS) | 100,800 | 1 | 1 | 2 |
OTHER (ORGANIZATION-SUSTAINING COSTS) | 60,000 | NA | NA | NA |
TOTAL MANUFACTURING OVERHEAD COST | $ 518,434 | |||
****** Required *******
1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Do not round your overhead rate. Round your other intermediate and final answers to the nearest whole number.)
B300 | T500 | TOTAL | |
PRODUCT MARGIN | ?? | ?? | ?? |
2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.)
B300 | T500 | TOTAL | |
PRODUCT MARGIN | ?? | ?? | ?? |
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Do not round your overhead rate. Round your other intermediate calculations and final answers to the nearest whole number. Round your "Percentage" answer to 1 decimal place. (i.e. .1234 should be entered as 12.3))
B300 | B300 | T500 | T500 | ||||
% OF | % OF | TOTAL | |||||
AMOUNT | TOTAL AMOUNT | AMOUNT | TOTAL AMOUNT | ||||
TRADITIONAL COST SYSTEM | AMOUNT | ||||||
?? | ?? | ?? | % | ?? | ?? | % | ?? |
?? | ?? | ?? | % | ?? | ?? | % | ?? |
?? | ?? | ?? | % | ?? | ?? | % | ?? |
TOTAL COST ASSIGNED TO PRODUCTS | ?? | ?? | ?? | ||||
?? | ?? | ||||||
TOTAL COST | ?? |
B300 | B300 | T500 | T500 | TOTAL | |||
% OF | % OF | ||||||
AMOUNT | TOTAL AMOUNT | AMOUNT | TOTAL AMOUNT | AMOUNT | |||
ACTIVITY-BASED COSTING SYSTEM | |||||||
DIRECT COST: | |||||||
?? | ?? | ?? | % | ?? | ?? | % | ?? |
?? | ?? | ?? | % | ?? | ?? | % | ?? |
?? | ?? | ?? | % | ?? | ?? | % | ?? |
INDIRECT COSTS: | |||||||
?? | ?? | ?? | % | ?? | ?? | % | ?? |
?? | ?? | ?? | % | ?? | ?? | % | ?? |
?? | ?? | ?? | % | ?? | ?? | % | ?? |
TOTAL COST ASSIGNED TO PRODUCTS | ?? | ?? | ?? | ||||
COSTS NOT ASSIGNED TO PRODUCTS: | |||||||
?? | ?? | ||||||
?? | ?? | ||||||
TOTAL COST | ?? |
( All the "?" spaces are the ones I NEED answered)
In: Accounting
Question 01: Describe the most widely used techniques of family therapy.
In: Psychology
Describe how wars have been used to drive increased global legislation/policy and globalism? Can wars be purposefully used to achieve certain international goals?
In: Economics
A nutritionist is interested in the relationship between
cholesterol and diet. The nutritionist developed a non-vegetarian
and vegetarian diet to reduce cholesterol levels. The nutritionist
then obtained a sample of clients for which half are told to eat
the new non-vegetarian diet and the other half to eat the
vegetarian diet for three months. The nutritionist hypothesizes
that the non-vegetarian diet will reduce cholesterol levels more.
What can the nutritionist conclude with α = 0.01. Below are the
cholesterol levels of all the participants after three
months.
non- vegetarian |
vegetarian |
---|---|
117 171 196 211 231 256 131 196 |
106 121 141 146 156 196 106 106 |
a) What is the appropriate test statistic?
---Select--- na z-test One-Sample t-test Independent-Samples t-test
Related-Samples t-test
b)
Condition 1:
---Select--- cholesterol level non-vegetarian months diet
vegetarian
Condition 2:
---Select--- cholesterol level non-vegetarian months diet
vegetarian
c) Compute the appropriate test statistic(s) to
make a decision about H0.
(Hint: Make sure to write down the null and alternative hypotheses
to help solve the problem.)
critical value = ; test statistic =
Decision: ---Select--- Reject H0 Fail to reject H0
d) If appropriate, compute the CI. If not
appropriate, input "na" for both spaces below.
[ , ]
e) Compute the corresponding effect size(s) and
indicate magnitude(s).
If not appropriate, input and/or select "na" below.
d = ; ---Select--- na trivial effect
small effect medium effect large effect
r2 = ; ---Select--- na
trivial effect small effect medium effect large effect
f) Make an interpretation based on the
results.
Non-vegetarians had significantly higher cholesterol levels than vegetarians.
Non-vegetarians had significantly lower cholesterol levels than vegetarians.
There was no significant cholesterol difference between non-vegetarians and vegetarians.
In: Math
Describe and contrast how internal or external change agents may best be suited to support change.
Briefly list the pros and cons of each approach.
In: Operations Management
Aspirin overdose has been shown to cause hyperventilation in men, resembling the toxic effects of pesticides and herbicides like DDT and dinitro phenol. The mechanism of action has been shown to involve the electrochemical gradient across the mitochondrial inner membrane. Explain how these compounds can affect the aforementioned gradient and how that effect is connected to the symptom of hyperventilation.
In: Biology
In: Economics
The following equations describe a firm’s demand, marginal revenue, total cost, & marginal cost:
Demand: P = 1,000 – 10Q
Total Cost: TC = 500 + 10Q + Q^2
Marginal Revenue: MR = 1,000 – 20Q
Marginal Cost: MC = 10 + 2Q
a. What level of output should be produced to maximize profits?
b. What is the market price?
c. How much profit will be earned?
d. The firm sells cereal and competes with other firms selling slightly differentiated cereal products. What type of market is this firm operating in?
The following equations describe a firm’s total cost and marginal cost:
Total Cost: TC = 500 + 10Q + Q^2
Marginal Cost: MC = 10 + 2Q
e. If the firm is a price taker and other firms in the industry sell output at a price of $100, what price should the manager of this firm put on the product?
f. What level of output should be produced to maximize profits?
g. How much profit will be earned?
h. The firm sells orange juice, which is a perfect substitute, at a farmers market. What type of market is this firm operating in?
In: Economics
The MICRO ENVIRONMENT
Who are the customers of a University? (Hint: think about the concepts of "value" and "exchange").
In: Operations Management
Building a Prime Factorization Factory
It is common, and smart, in computing to build upon work that you or others have done previously, rather than re-inventing the wheel. In this project, you will build on some functions defined in the class slides and in the book. Of course, in this class you should never use work that you find on the internet or done by anyone other than youself, except as specifically allowed, as in this case!
Many of the examples we've done in class have involved dealing with prime numbers: decide whether a number is a prime, find the next prime, print the first 100 primes, etc. The concept of a prime number is fundamental in mathematics, particularly in number theory. In fact, the fundamental theorem of arithmetic states that every positive integer (greater than 1) can be represented uniquely (order doesn't matter) as a product of one or more primes. Your task in this project is to write a library of functions to deal with primes including finding the prime factorization of arbitrary positive integers.
Assignment:
When the program begins it should print the message ``Welcome to the Prime factory!'' Then, accept from the user a command, which can be one of the following: factor, isprime, or end. Case does not matter for this command. Example: end, EnD, and END should all behave identically. (You don't have to preserve the case of the input string in error messages.) If the user enters anything else, print an error message. See the examples below.
If the user enters factor, prompt for an integer greater than 1. You can assume that the input is an integer, but don't assume it is greater than 1. If it's not, print an error message and return to the top level loop (i.e., back to prompting for a command). If an integer greater than 1 is entered, compute and print its prime factorization as a list. See the examples below.
If the user enters isprime, prompt for an integer. You can assume that the input is an integer. If the supplied value is less than 2, print an error message and return to the top level loop. Otherwise, check whether the input is prime and print an appropriate message. See the examples below.
Finally, if the user enters end, print the message ``Thanks for using our service!'' and exit.
Put a blank line between each round of interaction to make the output more readible.
Expected Output:
Below is some sample output for this program. You should match this exactly.
> python Project2.py Welcome to the Prime factory! Enter a command (factor, isprime, end): fector Command fector not recognized. Try again! Enter a command (factor, isprime, end): fAcToR Enter an integer > 1: 1000 The prime factorization of 1000 is: [2, 2, 2, 5, 5, 5] Enter a command (factor, isprime, end): facTOR Enter an integer > 1: 213 The prime factorization of 213 is: [3, 71] Enter a command (factor, isprime, end): factor Enter an integer > 1: -23 Illegal input: -23; input must be an integer > 1. Enter a command (factor, isprime, end): factor 100 Command factor 100 not recognized. Try again! Enter a command (factor, isprime, end): factor Enter an integer > 1: 1009 The prime factorization of 1009 is: [1009] Enter a command (factor, isprime, end): isPRIME Enter an integer > 1: 1009 The number 1009 is prime Enter a command (factor, isprime, end): ISprime 213 Command isprime 213 not recognized. Try again! Enter a command (factor, isprime, end): ISprime Enter an integer > 1: 213 The number 213 is not prime Enter a command (factor, isprime, end): IsPrime Enter an integer > 1: -23 Illegal input: -23; input must be an integer > 1. Enter a command (factor, isprime, end): isPrime? Command isprime? not recognized. Try again! Enter a command (factor, isprime, end): EnD Thanks for using our service! Goodbye. >
In: Computer Science
In: Economics
What is the difference between IP and MAC address on a PC? What command would you type that will give you both IP and MAC information.
In: Computer Science
With the basic income-leisure choice model, show possible labor supply curve for the followings.
a. The poor who are at a minimum subsistence and who aspire to middle-class consumption patterns.
b. “workaholics” who have strong preferences for labor market work.
c. The wealthy who aspire to be idle rich.
d. Workers who are reluctant to change their work hours
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1) Given an array queue implementation with one unused entry and frontIndex and backIndex references, match the status of the queue with the following information about frontIndex and backIndex for a queue with capacity of 5:
a.) frontIndex is 0 and backIndex is 4
b.) frontIndex is 1 and backIndex is 4
c.) frontIndex is 3 and backIndex is 0
empty queue
one element in the queue
three elements in the queue
four elements in the queue
five elements in the queue
six elements in the queue
invalid
Please Help!
In: Computer Science