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Process Costing

Ortega Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows. Cutting Departme

Process costing

Kasten Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at

Activity based costing

Jacobson Electronics manufactures two large-screen television models: the Royale which sells for $1,600, and a new model, the Majestic, which sells for $1,300. The production cost computed per unit under traditional costing for each model in 2008 was as follows. Traditional Costing Royale Majestic Direct materials $ 7

Activity-based costing

Stellar Stairs Co. of Poway designs and builds factory-made premium wooden stairs for homes. The manufactured stair components (spindles, risers, hangers, hand rails) permit installation of stairs of varying lengths and widths. All are of white oak wood. Its budgeted manufacturing overhead costs for the year 2009 are as follows.

Health production functions

A)Assume that health production is subject to diminishing returns and that each unit of health care employed entails a constant rate of iatrogenic (medically caused) disease. Would the product of health function eventually bend downward? A Briefly Explaination. b)What evidence is there to suggest that the most of the develop

Production Possibility Curve for Time

Draw a production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today. Also indicate a combination that is unavailable for anyone. Make sure you use excel for the graph.

Shifts in the PPF

I help in answering this question. Please provide diagrams along with explanations. Shifts in the PPF. Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think that the September 11, 2001 terrorist attacks on the World Trade Center and the Pentagon affected short or long t

Microeconomics 5 Questions

1. Country A is a country that produces a variety of goods and services. Considering the policies/events listed below, how might country's A production possibilities frontier change (ie shift out or in)? a. The government deregulates industries. b. The government increases military spending.

CVP and Breakeven

Goal: Create an Excel spreadsheet to perform CVP analysis and show the relationship between price, costs, and break-even points in terms of units and dollars. Use the results to answer questions about your findings. Scenario: Phonetronix is a small manufacturer of telephone and communications devices. Recently, company manag

Average Fixed Cost

Answers the question: Describe the relationships among average fixed costs, average variable costs, average total costs, and marginal costs. It is ok for each team to provide an example graph. Finally, describe the shut down point and when a firm might find it necessary to temporarily shut down operations.

Production Exercise

Please see attached file. Find TC, AFC, AVC, ATC, and MC for the following table. Also, graph the TC curve on one graph and graph AFC, AVC, ATC and MC on another graph. UNITS FC VC TC MC AFC AVC ATC 0 50 0 1 50 90 2 50 120 3 50 165 4 50 220 5 50 290 1. What does the marginal cost curv


Marketing Management Exercise MKT500 Marketing Management This is an exercise based on the business scenario provided below and you need to understand it thoroughly. NeuTech is planning to market disposable devices made from plastic materials in 6 months. This new product line of devices can be used t

Research a global or regional trade association on the Internet.

Research a global or regional trade association on the Internet. 750 words Write a 5 paragraph introduction detailing the purposes and activities of the organization. Consider whether there are any groups opposed to them and why. Your Introduction should take a stand supporting or criticizing them, giving your reason.

Optimal output

FlicroSoft, a monopoly, is considering selling several units of a homogeneous product as a single package. A typical consumer's demand for the product is given by Qd = 50 - 0.25P, and the marginal cost of production is $120. a. Determine the optimal number of units to put in a package. b. How much should the firm charge for t

Opportunity Cost Scenario

We are given a scenario and we must write a report with the following information: o Identify alternative solutions to meet the end-state goals o Analyze and evaluate the alternatives that you identified o Perform risk analysis to identify potential risks and negative consequences of the alternative solutions o Make a reco

ClearHear Scenario

Based on the attachment, answer 4 questions: 1) What alternative solutions are needed to meet the end-state goals? 2)How would you analyze and evaluate those alternative solutions? 3)How would you identify risk analysis to identify potential risks and negative consequences of the alternative solutions? 4)Which one is the bes

Production Function

Use the following information on a hypothetical short-run production function to answer questions a-d. Units of Labor/Day 5 6 7 8 9 Units of Output/Day 120 140 155 165 168 The price of labor is $20 per day. Ten units of capital are used each day, regardless of output level. The price of capital is $50 per unit. a. Ca

Upgrading manufacturing facilities

Please help with the following problem regarding upgrading manufacturing facilities. You are considering upgrading some manufacturing facilities by purchasing one of three different machines, each with the same production capacity. Machine a costs $30,000, has a life of 40 years, annual maintenance costs of $1500, and salvag

Technical and Economic Efficiency

I need help with these problems, just some brief explanations. 1. At a management luncheon, two managers were overeat arguing about the following statement "A manager should never hire another worker if the new person diminishing returns". Is this statement correct? If so, why? If not, explain why not? 2. Engineers at a

Profit Maximizing

Use the following paragraph to analyze the 3 questions. I just don't get this one! Please show answer and reasoning: Jones Inc. is a monopolist producing and selling a product whose demand is P= 250-6Q. The total cost of production is TC=100+34 Q+3 Q2, and the marginal cost of production is MC= 34+6Q. In order to maximize

Break even point and operating leverage

(Break even point and operating leverage) Allison radio manufacture a complete line of radio and communication equipment for law enforcement agencies. The average selling price of its finished product is $180 per unit. The variable cost for the same units is $126. Allison radio incurs fixed cost of $540,000 per year. a) W

Cobb-Douglas production function mathematical relationships

This is an analytical exercise from my macroeconomics book chapter 4, The Theory of Economic Growth. I need help in answering these questions in order to be better understand this model. (1) Consider the Cobb-Douglas production function Y/L = (K/L)^α (E)^1-α Show that multiplying both sides of this expressio

Managerial Accounting Break Even Point

The following monthly data in contribution format are available for the MN Company and its only product, Product SD: Total Per Unit Sales $83,700 $279 Variable expenses 32,700 109 Contribution margin 51,000 $170 Fixed expenses 40,000 Net operating income $11,

Managing in Monopolistic and Competitive Markets

You are the GM of a firm that manufactures PC's. Demand for them has dropped 50%, thanks to a soft economy. The sales manager has identified only one potential client, who has received several quotes for 10000 new PC's. According to the sales manager, the client is willing to pay $650 each of the 10000. Your production line