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Business Math

Standard Cost System

Please see attached file. Mosbach Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Variable overhead cost per direct labor-hour $3.50 Total fixed overhead

Computing ABC Product Costs

Please see attached document. Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor-Hours Annual Per Unit Production Rims...... 0.40 20,000 units Posts...... 0.20 80,000 units Additional information about the company follows: a) R

First Stage Allocation & Computing and Interpreting Activity Rates

Please see attached document for problem. The operations vice president of First Bank of Eagle, Kristin Wu, has been interested in investigating the efficiency of the bank's operations. She has been especially concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the

Selling and Administrative Expense Budget: Hearve Company

The budgeted unit sales of Hearve Company for the upcoming fiscal year are provided below: 1st QTR 2nd QTR 3rd QTR 4th QTR Budgeted unit sales: 12,000 14,000 11,000 10,000 The company's variable selling and administrative expenses per unit are $2.75. Fixed selling and admi

Manufacturing Overhead Budget

The direct labor budget of Krispin Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours. 1st QTR 2nd QTR 3rd QTR 4th QTR Budgeted direct labor-hours: 5,000 4,800 5,200 5.400 The company's variable manufa

Direct Labor Budget

The Production Department of the Riverside Plant of Junnen Corporation has submitted the following forecast of units to be produced at the plant for each quarter of the upcoming fiscal year. The plant produces high-end outdoor barbecue grills. 1st QTR 2nd QTR 3rd QTR 4th QTR Units to be produced

Direct Materials Budget

Micro Products, Inc., has developed a very powerful electronic calculator. Each calculator requires three small "chips" that cost $2 each and are purchased from an overseas supplier. Micro Products has prepared a production budget for the calculator by quarters for Year 2 and for the first quarter of Year 3. as shown below:

Forming a constraint

5. The production manager for the Whoppy soft drink company is considering the production of 2 kinds of soft drinks: regular and diet. The company operates one "8 hour" shift per day. Therefore, the production time is 480 minutes per day. During the production process, one of the main ingredients, syrup is limited to maximum pr

Case Problem 2 River City Fire Department - Staffing - probability distribution

The staff for each unit, the additional firefighters to cover daily absents, the probability of overtime work and with 3 a unit organization, how many firefighters for each unit and the total number of full time firefighters for the department. This is a case problem from my Applied Decision Methods course taken from Chapter 10

Tootsie Rolls & Pre-employment Drug Tests

Please complete the following and note that methods of computation could include the usage of Excel. 1. A random sample of 10 miniature Tootsie Rolls was taken from a bag. Each piece was weighed on a very accurate scale. The results in grams were 3.087 3.131 3.241 3.241 3.270 3.353 3.400 3.411

The Phoenix Corporation

The Phoenix Corporation has the following financial statistics: · expected EBIT next year without new financing $10 million · expected interest payment next year $ 1.0 million · company tax rate

A certain airplane has two independent alternators to provide electrical power.The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that (a) both will f

Prepare answers to the following assignments from the e-text, Applied Statistics in Business and Economics, by Doane and Seward: Chapter 5 - Chapter Exercises 5.62 and 5.70 Note: Methods of computation could include the usage of Excel® or by hand computation. Your work should include your calculation steps, calculat

Sinking fund

9.) A school board issues bonds in the amount of $15,000,000 to be retired in 20 years. How much must be paid into a sinking fund each year at 4% compounded annually to pay off the total amount due?

Bond Valuation

You wish to purchase a 20-year, $1,000 face balue bond that makes semiannual interest payments of $40. If you require a 10% nominal yield to maturity, what price should you be willing to pay for the bond?

Bond Valuation

Which of the following bonds have the greatest percentage increase in value if all interest rates decrease by 1%? 20-year, zero coupon bond, 10-year, zero coupon bond, 20-year, 10% coupon bond, 20-year, 5% coupon bond, or 1-year, 10% coupon bond.

Determining the Bond Valuation

Question: Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity?

Operation Management: Economic Order Quantity and Delay During Lead Time

Please see the attached file for the fully formatted problems. Problem #1- This is a production type EOQ problem, where the units produced each day go directly to inventory. Most production problems are treated as gradual delivery problems. Note that the carrying cost is 30% of the cost of making an individual DVD (.30 x 2.

Cost Management

A company has two major businesses that it operates. One business manufactures and sells unicycles for commercial use in circuses, etc. (total sales of $150M), and the other sells bicycles to the public (total sales of $20M). The unicycle business occupies 75,000 square feet of the manufacturing warehouse and the bicycle busines

Business Math : Rent Problem

Complete the following exercise in your groups: Kim and Dan Bergholt are both government workers. They are considering purchasing a home in the Washington D.C. area for about $280,000. They estimate monthly expenses for utilities at $220, maintenance at $100, property taxes at $380, and home insurance payments at $50. Their o

Circumstances that Statistical Sampling is Useful

1.) Generally, under what circumstances is statistical sampling useful? Describe a situation, preferably related to your work, where statistical sampling might be useful and in general terms how you would do it. 2.) Discuss what you consider to be the relevant aspects of describing data. Explain and tell why.

Sales, cost, and profit

2-3 paragraphs Details: Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases..................... E250,000 Freight In.................. E8,000 Sales discounts............. 4,000 Purchase returns........ 7,000

Book Value versus Market Value

Filer Manufacturing has 9.5 million shares of common stock outstanding. The current share price is $53 and the book value per share is $5. Filer manufactureing also has tow bond issues outstanding. The first bond issue has a face value of $75 million and has 8 percent coupon and sells for 93 percent of par. The second issue

Formulating a decision model

Problem in the attached. The New York City Development Corporation has just purchased a small hotel for conversion to condominium apartments. The building, in a popular area of New York, will be highly marketable, and each condominium sale is expected to yield a good profit. The conversion process, however, includes se

Statistics Problems and Sampling

Part 1 a. Select the first three letters of your last name. Each letter has a numerical place value in the alphabet; for example D is 4, L is 12 and Z is 26. Add the three place values together; for example Wallace would yield WAL which is 23+1+12 = 36. Show your work. My last name is LOWE b. Multip

Classified balance sheet

Prepare the classified balance sheet of Maltbee Lawn Service at August 31. Doug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of the proprietorship. The $1,000 consisted of a $600 loan from his father and $400 of his own money. Dou


I need help with these practice problems. (see attached)

Perform a two-tailed test comparing response rates

Please review 10.5 A 20-minute consumer survey mailed to 500 adults aged 25-34 included a $5 Starbucks gift certificate. The same survey was mailed to 500 adults aged 25-34 without the gift certificate. There were 65 responses from the first group and 45 from the second group. (a) Perform a two-tailed test comparing the respo

Break-even and costs

Use the following information to answer the questions. A friend of yours is trying to determine whether to open a sandwich stand at the local mall based on the following data. She expects total fixed costs per year of $24,000, a sale price per sandwich of $3.00, and variable costs per sandwich of $1.80. The break-even lev