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cost accounting
Questions and Answers of
Cost Accounting
Consider the following two stocks, A and B. Stock A has an expected return of 10%, 10% standard deviation, and a beta of 1.20. Stock B has an expected return of 14%, 25% standard deviation, and a
Consider two neighboring island countries: Arcadia and Felicidad. Each has 24,000 labor hours available per week that it can use to produce wheat, jeans, or a combination of both. The following table
Create a secret message by encoding each character of a string into a number using ord.
Prepare statement of cash flows using the direct and indirect method.UNITED BRANDS CORPORATIONComparative Balance SheetDecember 31, 2016 and 2015($ in millions)Additional Information 1. Company land,
Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hour per unit. During 2016, Croissant
Cromwall Laboratories has a target payout ratio of 60%. However the board realizes that adhering strictly to the payout ratio will cause the dividend payout to fluctuate. Therefore, the board has
Crossroads Corporation distributes $60,000 to its sole shareholder Harley. Crossroads has earnings and profits of $55,000 and Harley's basis in her stock is $20,000. After the distribution, Harley's
Darcie Warner, an analyst at the U.S. Census Bureau, is researching why the percentage of households without access to the internet varies by state. This measure (NOINT) will be the dependent
Data on Goodman Company's direct labor costs is given below: Standard hours allowed...................................30,000 Actual direct labor hours.................................29,000 Labor
Davis and Thompson have earnings of $850 each. The social security tax rate is 6% and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the
Describe four situations or cases when building a customer database would not be worthwhile for a company.
Determine the income tax to withhold from the biweekly wages of the following employees (wage-bracket):If your answer is zero, please enter "0".Karen Overton (single, 0 allowances), $900
DigiNav Corporation manufactures electronic navigation systems for automobiles. They Currently produce two models: standard and deluxe. The manufacturing line, if it is dedicated only to standard
Discuss Caterpillar's future. What should it do next with its product line? Where is the future growth for this company?
Discuss the effect of antitrust policy in the: a. Monopolistic competition model. b. Cartel model of oligopoly. c. Contestable market model of oligopoly.
Discuss the risks and benefits of local warehouse personnel modifying forecast data for field warehouses.
Discuss the specific items of capital that should be included in the WACC.
If you have not already done so, create and populate the Marcia’s Dry Cleaning (MDC) database for the DBMS you are using as described in:● Chapter 10A for Microsoft SQL Server 2012● Chapter 10B
What is the difference between a phenotype and a genotype? Does knowledge of an organism's phenotype always allow you to determine the genotype? What type of experiment would you perform to determine
During an eight-hour shift, the proportion of time Y that a sheet-metal stamping machine is down for maintenance or repairs has a beta distribution with α = 1 and β =2. That is, f(y) = 2(1 - y), 0
During a heavy rainstorm, water from a parking lot completely fills an 18-in.-diameter, smooth, concrete storm sewer. If the flowrate is 10 ft3/s, determine the pressure drop in a 100-ft horizontal
Eagle Machines purchases a subcomponent critical for its most popular product from another manufacturer. The annual demand for the subcomponent is 5000 units. The holding cost is assessed at 20% of
Eagle is retailer of office supplies. The monthly retail demand for a product is provided below from January to October 2016.a. Use the naïve method to forecast the demand for November
EastBend Corporation is interested in producing and selling an innovative new popcorn popper. The decision they face is the typical "Make or Buy" decision that is often faced by manufacturers. On one
Economist Robert W. Turner suggested three market failures that could justify government provision of nation parks. What three failures did he likely discuss and what is the cause of the failures?
Economists Don Fullerton and Thomas C. Kinnaman studied the effects 01 Charlottesville. Virginia's change from charging a flat fee for garbage collection to charging $0.80 per 32-gallon bag and found
LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, 2012, the Refining Department had 2,000
Estimate comet Tempel 1's diameter, using the scale bar in the photo below.FigureThe graph above (from figure) shows how often impacts occur for objects of different sizes. The photo above shows
Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO) of the company was approximately five (5)
Evaluate the impact of Alibaba's current strategy of Zero Inventory and a 47% stake in logistics network.
1. Examine and differentiate between pricing strategies in organizations. 2. Differentiate and summarize pricing strategies that would support short and long term goals of the organization. 3.
Explain how the high pseudocoelomic pressure affects feeding and defecation in nematodes.
Explain how the "declining problem of premature death" - while great for you - can be a serious problem for a life insurer.
Explain how you could use the nucleic acid sequence of RNA for a protein to trace evolutionary relationships between organisms
What are the four axioms of conflict according to Watkins? How is each related to communication?
Explain the process of recombinant DNA technology and the basic steps involved in creating a colony of bacteria that are capable of producing human insulin?
Explain the reasons why the compulsory element(s) of social security insurance can be viewed as unfair to working individuals at 2 stages of their lives: 1) now as they work and pay into it, and 2)
Explain why litmus milk is considered a good differential medium.
Explain, with the aid of graphs, the expected impact on Canadian short-term exchange rate changes for the following scenarios: a. Canadian inflation is expected to grow faster than other
1. Write a C++ class derived from Graphic Interface, as given in Listing 20-1. Use an adjacency matrix to represent the graph. 2. Repeat the previous programming problem, but represent the graph
Factors to be considered in setting materials standards include all of the following except: a. Trend of prices of raw materials. b. Historical costs. c. Time necessary to perform tasks. d. New
Family-friendly policies are broadly defined as a group of complementary benefits and programs designed to support employees who are faced with balancing the conflicting demands of work, family, and
Farmer Brown grows blackberries. The average total cost, average variable cost, and marginal cost of growing blackberries for an individual farmer are illustrated in the graph to the right. (Below,
Faruga Company had FUTA taxable payrolls for the four quarters of 2015 of $28,400; $19,600; $16,500; and $8,900, respectively. The company was located in a state that was subject to a FUTA credit
Given the frequencies listed below, calculate the corresponding periods. a. 24 Hz b. 8 MHz c. 140 KHz
Find the volume of a frustum of a right pyramid whose lower base is a square with a side 5 in., whose upper base is a square with a side 3in., and whose altitude is 12 in. Round your answer to the
Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide allocation method for allocating overhead at a rate of $6 per direct labor
Following are the transactions for Valdez Services.a. The company paid $12,200 cash for payment on a 16-mont-old liability for office supplies.b. The company paid $1,233 cash for the just completed
Following current events related to immigration reform, a group of students came to school wearing t-shirts representing national flags from a variety of countries and were bullied by fellow students
For each of the following production functions, sketch a representative isoquant [2*3 points]. Calculate the marginal product for each input, and indicate whether each marginal product is
How many invalid (unused) code sequences can we have in 5B/6B encoding? How many in 3B/4B encoding?
Escobar et al (A-3) performed a study to validate a translated version of the western Ontario and McMaster Universities Osteoarthritis Index (WOMAC) questionnaire used with Spanish speaking patients
For the Boolean function: F = xy'z +x'y'z + w'xy + wx'y + wxy a Obtain the truth table of F. b Draw the logic diagram, using the original Booleanexpression. c Use Boolean algebra to simplify the
For the following two questions: Suppose an office building has a single tenant who pays $50,000 per year at the end of each year in a 5-year triple-net lease (annual payments). At the end of the
For the year ended December 31, 2014 Depot Max's cost of merchandise sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Compute Depot Max's inventory
When the value of the British pound changes from $1.50 to $1.25, then A) the pound has appreciated and the dollar has appreciated. B) the pound has depreciated and the dollar has appreciated. C) the
Use the Internet to research articles on ASC 740 (SFAS 109) and International Accounting Standard (IAS) 12. "Taxes" Please respond to the following: From the e-Activity, create a scenario reflecting
Furis Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account decreased by $12,000 and its marketable securities account increased by
Gary Brown Manufacturing makes single kayaks, double kayaks, and lightweight competitive kayaks. The double kayak line has been showing losses for several years, and management is considering
Gaston Corporation distributes § 1245 property as a dividend to its shareholders. The property's fair market value is $580,000, and the adjusted basis is $560,000. In addition, the amount of the
George Buckner sells an apartment building on October 10 for Si 75 million. The building was purchased on January 1, 1996, for $2 million. Depreciation of $420,000 has been taken. The figures given
George Company uses the FIFO perpetual inventory method. Information regarding the only inventory item, widgets for the month of April follows: Beginning inventory: 100 units, $10 each April 10:
Jenna's gift shop places orders for Christmas items during a trade show in July. One item to be ordered is a silver tree ornament. The ornament will sell for $80. The best estimate for demand is:The
1. List five line coding schemes discussed in this book. 2. Define block coding and give its purpose. 3. Define scrambling and give its purpose. 4. Compare and contrast PCM and DM 5. What are the
(a) Given a population standard deviation of $6,000 and a sample mean salary of $80,100 for a random sample of 100 female members, construct a 99 percent confidence interval for the mean salary for
Given the following information of ABC lnc, compute Accounts Receivable Turnover: Gross Sales: $150,000 Accounts Receivable, Beginning of Year: $18,000 Net Sales: $135,000 Accounts Receivable, End
Given the following data:Return on investment (ROI) would be: a) 27.0% b) 9.0% c) 51.0% d) 17.0%
Given the speeds listed in Fig. 5-1, is it possible to scan documents from a scanner and transmit them over an 802.11g network at full speed? Defend your answer.Figure 5-1. Some typical device,
Glavine Company repaid a bank loan with cash. The cash flow from this event should be shown on the horizontal statements model as
Glick company purchased oil rights on July 1, year 1 for $2,400,000. If 200,000 barrels of oil are expected to be extracted over the asst's life, and 30,000 barrels are extracted and sold in year 1,
Goldfarb's Book and Music Store has two service departments, Warehouse and Data Center. Warehouse Department costs of $350,000 are allocated on the basis of budgeted warehouse-hours. Data Center
Granite State Airlines also serves the route between Washington, DC (National), and Portsmouth, NH, with a single flight daily. The airline sells both discount-fare and full-fare tickets. The airline
Green Front Furniture manufactures a high-quality dining table, which is offered in both oak and walnut. The demand for the tables is 800 units for the oak table and 1500 for the walnut table. The
Greyson Company produced 8,300 units of their product that required 4.25 standard hours per unit. Determine the standard fixed overhead cost per unit at 27,000 hours, which is 100% of normal
Gruman Company purchased a machine for $220,000 on January 2, 2016. It made the following estimates: Service life....................5 years or 10,000 hours Production....................200,000
Happy Travel Group (HTG) has a small hotel in Central which was acquired on 1 January 2016 for $18 million. The fair value of the hotel's net assets on the acquisition date and their carrying amount
Harland County is in a financially distressed area in Missouri In hopes of enticing business to this area, the state legislature appropriated $3 million to start an industrial development commission
Harland County is in a financially distressed area in Missouri. In hopes of enticing business to this county, the state legislature appropriated $3 million to start an industrial development
The manufacturing overhead that would be applied to a unit of product R09O under the activity-based costing system is closet to:A) $113.46B)B) $255.00C) $141.54D) $17.28
Evans Enterprises has bought a prime parcel of beachfront property and plans to build a luxury hotel. After meeting with the architectural team, the Evans family has drawn up some information to make
Hathaway Inc. produces and sells golf umbrellas to local resorts. Hathaway anticipates April to be a busy month with the sale of 2,000 umbrellas. The company has prepared the following static budget
1. What is the time length of the critical path? What is the significance of the critical path? 2. Compute the amount of time that the completion of each activity can be delayed without affecting the
The balance sheets at the end of each of the first two years of operations indicate the following: 2013 2012 Total current assets $600,000 $560,000 Total investments 60,000 40,000 Total property,
The national association of realtors esitmates that 23% of all homes purchased in 2004 were considered investment properties. If the sample of 800 homes sold in 2004 is obtained what is the
The first national bank of wilson has 650 (population) checking account customers. A recenter sample of 50 (sample) of these customers showed 26 to have a visa card with the bank. Construct the 99
Helmut purchases 100 shares of stock in Caisson Corporation for $1,000 in Year 1. On December 1 of Year 2, he purchases an additional 100 shares in the company for $1,500. On December 28 of Year 2,
Here is an example of a transaction just took place in a store where hi-fi equipment is sold. A customer purchased a stereo system that cost him $1,000 on the following credit plan. No down payment,
What ethical reasoning would support hiring Mary? What ethical reasoning would support hiring Julie?
Hollingsworth Candy Products has an inventory turnover of six times per year, a receivables turnover of 10 times, and a payables turnover of 12 times. What is Hollingsworth's inventory conversion
Horace sells equipment with an adjusted basis of $20,000 to his great-grandson, Matthew, for its fair market value of $15,000. Matthew sells the equipment to an unrelated party for $17,000. What are
Describe the functions of administrative agencies. How are agency actions judicially reviewed? Explain.
How do inflation and unemployment affect the economy in terms of growth (use U.S. as an example)? Conduct research from viable and credible sources such as, and not limited to, economic journals,
How do the control mechanisms in glycogen metabolism lead to amplification of response to a stimulus?
How does racial segregation shape the resources available throughout childhood/adolescent experiences (name at least three)? How does the availability of these resources limit or facilitate social
How does sea-floor spreading account for the age of the sea floor?
How does the cyclization of sugars introduce a new chiral center to the molecule?
1. Briefly describe how K+ leak channels are able to selectively pass K+ ions, but reject Na+ ions with a nearly identical size and charge. Be sure to mention: (a) How the pore of the channel is
10 tons of hot coke at 1100°C are dumped from the ovens and cooled to 100°C by quenching with 8 tons of cold water at 65°C. What fraction of the water is vaporized? State all assumptions made in
Homestead Telephone was formed in the 1940s to bring telephone services to remote areas of the U.S. Midwest. The early equipment was quite primitive by today's standards. All calls were handled
Five independent projects consisting of reinforcing dams, levees, and embankments are available for funding by a certain public agency. The following tabulation shows the equivalent annual benefits
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