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fundamentals engineering economics

Questions and Answers of Fundamentals Engineering Economics

42. Reconsider Problem 41.a. What is the cost per unit of Virtually Impenetrable if LockTite uses traditional overhead allocation based on number of units produced?b. What is the cost per unit of
41. LockTite Company produces two products, Pretty Safe (PS) and Virtually Impenetrable (VI). The following two tables give pertinent information about these products.a. What is the cost per unit of
40. Reconsider Problem 39.a. What is the cost per unit of Lower if Skrunchy uses traditional overhead allocation based on direct labor hours?b. What is the cost per unit of Lower if Skrunchy uses
39. Video Solution Skrunchy Company produces two products, Lower and Upper. The following two tables give pertinent information about these two products.a. What is the cost per unit of Upper if
38. Find three Web sites where ‘‘economic value added’’ (EVA) is a topic.a. State the URL for each of the sites.b. Identify the one you would likely fi nd most useful if you wanted to learn
37. Find three Web sites where ‘‘activity-based costing’’ (ABC) is a topic.a. State the URL for each of the sites.b. Identify the one you would likely fi nd most useful if you wanted to learn
36. Cost Center D within the Welding Department of the Mizer Corporation collected the following data during 2004.Cost Center D Overhead Expenses: $4,800 Cost Center D Direct Labor Hours: 2,800 Cost
35. GO Tutorial A company is considering purchasing a new piece of machinery at a cost $50,000. It is expected to generate revenues of $25,000 per year for 4 years against $1,500 of annual operating
34. Given the following information for Live Wire Electronics, construct an income statement for the month ending June 30.Sales $500,000 Cost of goods sold $170,000 Administration cost $75,000
33. A company is considering purchasing a new piece of machinery at a cost$60,000. It is expected to generate revenues of $20,000 per year for 4 years against $3,000 of annual operating expenses. The
32. Consider the following table (shown in two parts):a. What is the EVA in year 5?b. What is the capital charge in year 6? EOY Revenue Operating Expenses Net Depreciation Operating Profit Taxes 5
31. GO Tutorial Consider the following table (shown in two parts):a. What is the EVA in year 8?b. What is the capital charge in year 9? Operating Revenue Expenses Depreciation Net Operating Profit
30. To make a batch of 1,000 units of a certain item, it is estimated that 120 direct labor hours are required at a cost of $10/hour. Direct material costs are estimated at $1,500 per batch. The
29. For a small manufacturing fi rm, a current-period job that requires 35 hours of direct labor is to be allocated $437.50 of overhead cost based on a rate developed from previous period data. The
28. EmKay Company is divided into two departments for accounting purposes.The direct labor hours and overhead costs for the last year are as follows:What selling price should the company quote on Job
27. The Bryant Company manufactures a custom-designed part for the aerospace industry. Within the production facility, there are fi ve operating departments.The sequence of departments through which
26. Find three Web sites where ‘‘fi nancial ratios’’ is a topic.a. State the URL for each of the sites.b. Identify the one you would likely fi nd most useful if you wanted to learn more about
25. Consider the comparative balance sheet and income statement for Starbucks provided in Figures B.8 and B.9. Based on these fi nancial statements, determine the following for the year ending
24. The annual report from a major energy company contains the following: Net income represented 9 percent return on average total assets of approximately$27 billion and a 19 percent return on
23. As published in its annual report, the consolidated balance sheet of Packers includes the items shown below (listed alphabetically).a. Determine the values for the missing items.b. Prepare a
22. As published in its annual report, the balance sheet and income statements of JanCo include the items shown below (listed alphabetically). All balances are as shown on the statements; no
21. Betty Smith is the owner of Accurate Tax Service. For the year ending April 30, 2007, the following information is available for this service business.At the beginning of this accounting period,
20. In addition to the account balances in the previous problem, Scott Company recorded the following summary transactions for the year ending December 31, 2006.Category Amount Administrative
19. The Scott Company shows the following alphabetical list of account balances as of December 31, 2006.a. Construct a balance sheet for Scott Company as of December 31, 2006.b. Demonstrate that the
18. Following is a list of balance sheet accounts for Branman Co. as of December 31, 2005.a. Classify each of the following accounts as an asset, liability, or net worth.b. What is the balance in the
17. Determine the missing values below to produce a valid balance sheet. BALANCE SHEET Year Ending December 31, 2004 ASSETS Cash Accounts receivable Raw materials inventory Work-in-process inventory
16. A circuit board manufacturer is trying to determine the appropriate cost driver for estimating the cost of circuit board assembly support. The list of potential cost drivers has been narrowed to
15. For each of the situations below, identify a potential source of analogy data for the costs under each of the following cases: (1) this project/activity is a fi rst of its kind for the company,
14. A distributor has learned that an estimate for the packaging and processing costs can be predicted based on the weight of an order. To this end, a regression analysis is performed resulting in
13. Find three Web sites where ‘‘cost estimating’’ is a topic.a. State the URL for each of the sites.b. Identify the one you would likely fi nd most useful if you wanted to learn more about
12. The variable cost of producing specialty value-added stainless-steel tubing varies according to the quantity produced per year. The variable cost is$500 per ton from 0 to 700 tons. Above this
11. Two processes are put in place for production. Neither will be removed.Process R is designed to produce 10,000 units per year and has a fi xed cost of $90,000 per year. Process T has the same
10. Video Solution The KMP Metal Machining Company produces widgets according to customer order. The company has determined that widgets can be produced on three different machine tools: M1, M2, or
9. A new engineering building at a state university is to contain 10,000,000 square feet. The total cost of the building (TC) is given by the following expression:TC 5 1200 1 80X 1 2X22A where X 5
8. A manufacturer of precision cutting tools has the capacity to make 1,000,000 cutting tools per year. Each sells for $15. The variable cost per unit to produce the cutting tools is $9 each. Annual
7. GO Tutorial The cost curve for producing widgets passes through the following points and is piecewise linear in between.Units Produced Costs 0 $600 200 $1,200 400 $1,600 600 $1,800a. What is the
6. Product X is sold for $500 per unit. The total cost of production per year, including capital recovery and a return, is given by the expression TC 5 0.04n3 2 700n 1 50,000 where n is the number of
5. The maker of Winglow is purchasing a new stamping machine. Two options are being considered, Rooney and Blair. The sales forecast for Winglow is 8,000 units for next year. If purchased, the Rooney
4. Two production methods are being considered for making thermal dryers.Method 1 has a fi xed cost of $1,000 and a variable cost of $20 per unit.Method 2 has a fi xed cost of $400 and a variable
3. A fi rm has the capacity to produce 1,000,000 units of a product each year.At present, it is operating at 70 percent of capacity. The fi rm’s annual revenue is $700,000. Annual fi xed costs are
2. Match the terms in the fi rst column with the appropriate defi nition in the second column. Terms (a) First cost (b) Average cost (c) Fixed cost (d) Overhead cost (e) Marginal cost (f) Opportunity
1. Reconsider the scenario presented in Example B.1, which details a fi rm considering purchasing a small turret lathe to manufacture part number 163H for the B&K Corporation.a. What additional
10. When an organization considers its work-in-process, how should it be classifi ed on a balance sheet?a. Assetc. Net worthb. Liabilityd. Expense
9. Fixed cost isa. any cost that does not vary with the quantity of output.b. the ratio of total cost to total quantity of output.c. the market value of an asset at the end of its life less its
8. The total cost equation for producing X widgets is given by TC 5 $1,000 1$6X. The marginal cost per widget at a production level of 300 units is closest to which of the following?a. $2,800c. $8b.
7. The total cost equation for producing X widgets is given by TC 5 $1,000 1$6X. The variable cost per widget is closest to which of the following?a. $1,000c. $8b. $6d. $4,000
6. The total cost equation for producing X widgets is given by TC 5 $1,000 1$6X. The average cost per widget for producing 500 widgets is closest to which of the following?a. $1,000c. $8b. $6d. $4,000
5. The three major categories that comprise cost of goods manufactured area. material, labor, and overhead.b. average, marginal, and instantaneous.c. past, present, and future.d. initial, operating,
4. Marginal cost isa. any cost occurring after “time now.”b. the ratio of total cost to total quantity of output.c. the market value of an asset at the end of its life less its disposal costs.d.
3. The fundamental equation used within an accounting balance sheet isa. net profi t 5 gross profi t 2 expenses 2 taxes.b. assets 1 liabilities 5 net worth.c. assets 1 liabilities 1 net worth 5 0.d.
2. The information below has been extracted from the books of the Shelley Company. Which of the following represents Shelley’s current ratio?a. 0.76c. 2.05b. 1.48d. 2.51 Current Assets Current
1. On a balance sheet, a corporation’s economic obligations to nonowners are calleda. owners’ equity.c. assets.b. liabilities.d. retained earnings.
30. Consider the six divisible investment alternatives shown below. The planning horizon is 8 years. The MARR is 15%. $60,000 is available for investment.a. What proportion of each investment is to
29. Consider the six divisible investment alternatives shown below. The planning horizon is 5 years. The MARR is 12%. $50,000 is available for investment.a. What proportion of each investment is to
28. Rex Electric has decided to move into low-rise (2–8 fl oors) commercial building electrical wiring. After great success in upscale residential and small commercial wiring, they have identifi ed
27. A lending fi rm is considering 6 independent and divisible investment alternatives which, at any time the fi rm chooses, can be exited with a full refund of the initial investment. A total of
26. A division of Conoco-Phillips is involved in their periodic capital budgeting activity and the engineering and operations staffs have identifi ed ten divisible investments with cash fl ow
25. A laboratory within Bayer is considering the fi ve divisible investment proposals below to further upgrade their diagnostic capabilities to ensure continued leadership and state-of-the-art
24. Suppose your own consulting fi rm has been doing well and you believe it is time to make a move to add a new, related area of engineering services. To do so, you have identifi ed the following 5
23. Yaesu America wishes to enhance their already fi ne line of electronic equipment for commercial and individual use. Their engineering staff has proposed 5 independent, divisible, equal-lived
22. Gymnastics4Life is a high-end facility for beginning, intermediate, and elite gymnasts. The latter are drawn from the nearby region for exclusive and dedicated training. In order to maintain
21. CustomMetalworks is considering the expansion of their cable fabrication business for towers, rigging, winches, and many other uses. They have available $250,000 for investment and have identifi
20. Polaris Industries has $1,250,000 available for additional innovations on the Victory Vision motorcycle. These include the fi ve divisible, equal-lived alternatives, each of which guarantees the
19. Aerotron Radio Inc. has $250,000 available and its engineering staff has proposed the following divisible investments. With each, Aerotron can exit at the end of its planning horizon of 5 years
18. True or False: In solving a capital budgeting problem involving investment opportunities that are divisible (i.e., you can invest in portions of the opportunities instead of “all or
17. True or False: In solving a capital budgeting problem involving investment opportunities that are divisible (i.e., you can invest in portions of the opportunities instead of “all or
16. The American Radio Relay League is using a binary linear programming(BLP) formulation to select from among several possible investments. Each investment continues for 5 years. Given the
15. The City of Clyde, Ohio is using the binary linear programming (BLP) formulation of a capital budgeting problem shown below. Assume $175,000 is available for investment and all investments are
14. Consider the six indivisible investment alternatives shown below. The planning horizon is 8 years. The MARR is 15%. $60,000 is available for investment.a. Which investments should be made in
13. Consider the six indivisible investment alternatives shown below. The planning horizon is 5 years. The MARR is 12%. $50,000 is available for investment.a. Which investments should be made in
12. Consider the following fi ve indivisible investment alternatives which, at the end of 5 years, fully refund the initial investment. Given the annual returns shown below, $150,000 of investment
11. Rex Electric has decided to move into low-rise (2–8 fl oors) commercial building electrical wiring. After great success in upscale residential and small commercial wiring, they have identifi ed
10. A lending fi rm is considering 6 independent and indivisible investment alternatives which, at any time the fi rm chooses, can be exited with a full refund of the initial investment. A total of
9. A division of Conoco-Phillips is involved in their periodic capital budgeting activity and the engineering and operations staffs have identifi ed ten indivisible investments with cash fl ow
8. A laboratory within Bayer is considering the fi ve indivisible investment proposals below to further upgrade their diagnostic capabilities to ensure continued leadership and state-of-the-art
7. Suppose your own consulting fi rm has been doing well and you believe it is time to make a move to add a new, related area of engineering services.To do so, you have identifi ed the following 5
6. Yaesu America wishes to enhance their already fi ne line of electronic equipment for commercial and individual use. Their engineering staff has proposed 5 independent, indivisible, equal-lived
5. Gymnastics4Life is a high-end facility for beginning, intermediate, and elite gymnasts. The latter are drawn from the nearby region for exclusive and dedicated training. In order to maintain their
4. CustomMetalworks is considering the expansion of their cable fabrication business for towers, rigging, winches, and many other uses. They have available$250,000 for investment and have identifi ed
3. Polaris Industries has $1,250,000 available for additional innovations on the Victory Vision motorcycle. These include the fi ve indivisible, equal-lived alternatives, each of which guarantees the
2. Aerotron Radio Inc. has $250,000 available and its engineering staff has proposed the following indivisible investments. With each, Aerotron can exit at the end of its planning horizon of 5 years
1. True or False: In solving a classical capital budgeting problem using binary linear programming (BLP), the objective function can be either the sum of present worths or the sum of annual worths
11. Consider the following binary linear programming formulation of a capital budgeting problem.Max 1,200 x1 1 600 x2 1 950 x3 1 1,650 x4 s.t. 15,000 x1 1 20,000 x2 1 25,000 x3 1 30,000 x4 ,5 70,000
10. Consider the following binary linear programming formulation of a capital budgeting problem.Max 1,200 x1 1 600 x2 1 950 x3 1 1,650 x4 s.t. 15,000 x1 1 20,000 x2 1 25,000 x3 1 30,000 x4 ,5 70,000
9. Consider the following binary linear programming formulation of a capital budgeting problem.Max 1,200 x1 1 600 x2 1 950 x3 1 1,650 x4 s.t. 15,000 x1 1 20,000 x2 1 25,000 x3 1 30,000 x4 ,5 70,000
8. To determine an optimal portfolio of investments when the available choices are divisible, the investment choices should fi rst be ranked in increasing order based on which of the following?a.
7. Which of the following is not an approach which can be used to perform a capital budgeting economic analysis?a. Box-Jenkins algorithmb. Excel® SOLVERc. Exhaustive enumerationd. Lori-Savage
6. If six investment proposals are under consideration, how many investment combinations must be evaluated if a complete enumeration approach is being used?a. 6c. 62 5 36b. 2*6 5 12d. 26 5 64
5. Sebastian is about to compare a set of mutually exclusive and indivisible alternatives using a ranking approach. Which of the following is not an appropriate measure of worth?a. Present worthc.
4. Consider a capital budgeting formulation where the binary variables x1 and x2 are used to represent the acceptance (xi 5 1) or rejection (xi 5 0) of each alternative. The requirement that the null
3. Consider a capital budgeting formulation where the binary variables x1 and x2 are used to represent the acceptance (xi 5 1) or rejection (xi 5 0) of each alternative. The requirement that x2 is
2. Consider a capital budgeting formulation where the binary variables x1 and x2 are used to represent the acceptance (xi 5 1) or rejection (xi 5 0) of each alternative. A mutual exclusivity
1. Sarah is considering two investment proposals. Proposal A is to purchase a new computer. Proposal B is to purchase a new printer. She will not buy the printer unless she buys the computer. The
57. A $5,000 process improvement project is expected to increase annual expenses for the next 3 years by an average of $20,000 with a standard deviation of $3,000. The annual savings generated over
56. A proposed project has the following cash fl ow estimates.Assuming independent cash fl ows, a normally distributed net present value, and a minimum attractive rate of return of 15%, determine the
55. A proposed project has the following cash fl ow estimates.Assuming independent cash fl ows, a normally distributed net present value, and a minimum attractive rate of return of 18%, determine the
54. A project under consideration has a 10 year projected life. The initial investment for the project is estimated to have a mean of $10,000 and a standard deviation of $1,000. The annual receipts
53. An investment of $5,000 is expected to generate the probabilistic returns shown in the table below over its three year life. Assume the annual cash fl ows are independent and that the
52. One of two mutually exclusive alternatives must be selected for implementation.Alternative A is an equipment purchase; Alternative B is a lease arrangement with annual payments. The
51. A new CNC mill is expected to cost $263,000 and have a useful life of 6 years. The net annual savings generated by the mill are independent from year to year and are estimated to follow a uniform

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