Questions
Hi-Tek Manufacturing Inc. makes two types of industrial component parts—the B300 and the T500. An absorption...

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.

Question 01: Describe the most widely used techniques of family therapy.

In: Psychology

state kirchoff rules

state kirchoff rules

In: Physics

Describe how wars have been used to drive increased global legislation/policy and globalism? Can wars be...

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...

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....

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...

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

what is PCM stand form and can you provide a basic, mathmatical question and answer. thank...

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"perfect competing markets"

In: Economics

The following equations describe a firm’s demand, marginal revenue, total cost, & marginal cost: Demand: P...

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...

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...

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

1.) You are the CEO of a bank. Back in November, you were able to foresee...

1.) You are the CEO of a bank. Back in November, you were able to foresee the economic distress that Covid 19 would cause (the drop in economic activity and lower interest rates, for example).

What actions (give at least 2-3) did you take to both reduce various types of risk banks face and to limit the impact on bank profitability?


2.) Within the IS-LM model, the upward sloping LM curve is derived based on the assumption that "The Fed" controls the money supply, what is known as exogenous money. Can the Fed control the money supply?

Your response should include a discussion about the money multiplier process and bank behavior in general.

In: Economics

What is the difference between IP and MAC address on a PC? What command would you...

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.

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With the basic income-leisure choice model, show possible labor supply curve for the followings. a. The...

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...

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