BUS2102-Fall 2023 - Chapter 10 & 11 Fun & Exciting Exercises Please Box or Circle all of your final answers. You must show work to get credit! Round to 2 decimal places, when needed. This homework should be handwritten. Due Date: Wednesday, November 15th Homework Submission: Please show your work on a separate sheet(s) of paper with your name on all pages in the upper right corner. When submitting to the dropbox, you will need to take images of your homework and save it to a Word document or scan it into a PDF in order of question number (refer to the "how to turn in homework (2:01)" video in the Syllabus and Schedule portion of D2L). You may need to submit multiple Word or PDF documents if the original file is too large. Please do not send individual images. It is your responsibility to make sure everything is submitted to the dropbox on time. Thank You in advance! Exercise 1) Deporte Company produces single-colored t-shirts. Material for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: Direct materials (1.6lbs. @ $0.95) Direct labor (0.75 hr. @ $7.40) Standard prime cost $1.52 5.55 $7.07 During the year, 50,000 pounds of material were purchased and used for the changeover activity. There were 30,300 batches produced, with the following actual prime costs: Direct materials Direct labor $49,500 $169,875 (for 22,500 hrs.) Required: Compute MPV, MUV, LRV, and LEV. Exercise 2) At the beginning of the year, Honey Company had beginning operating assets of $198,000. During the year, Honey Co. had operating income of $25,500 and expenses of $124,500. At the end of the year, they had operating assets of $177,000. Required: Compute profit margin, turnover, and ROI for Honey Company.

BUS2102 - Fall 2023 - Chapter 10 \& 11 Fun \& Exciting Exercises Please Box or Circle all of your final answers. You must show work to get credit! Round to 2 decimal places, when needed. This homework should be handwritten. Due Date: Wednesday, November 15th Homework Submission: Please show your work on a separate sheet(s) of paper with your name on all pages in the upper right comer. When submitting to the dropbox, you will need to take images of your homework and save it to a Word document or scan it into a PDF in order of question number (refer to the "how to turn in homework (2:01)" video in the Syllabus and Schedule portion of D2L). You may need to sabmit multiple Word or PDF documents if the original file is too large. Please do not send individual images. It is your responsibility to make sure everything is submitted to the dropbox on time. Thank You in advance? Exercise 1) Deporte Company produces single-colored t-shirts. Material for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been establishar. During the year, 50,000 pounds of material were purchased and used for the changeover activity. There were 30,300 batches produced, with the following actual prime costs: Direct materials $49,500 Direct labor $169,875 (for 22,500 hrs.) Required: Compute MPV, MUV, LRV, and LEV. Exercise 2) At the beginning of the year, Honey Company had beginning operating assets of $198,000. During the year, Honey Co, had operating income of $25,500 and expenses of $124,500. At the end of the year, they had operating assets of $177,000. Required: Compute profit margin, turnover, and ROI for Honey Company