For the exam, you may use one blank sheet of paper, front an…
For the exam, you may use one blank sheet of paper, front and back. Now Show the blank sheet of paper to the camera to confirm it is empty. Starting with question 26, each workout problem is worth 75% for the correct answer and 25% for showing your work. Following each workout problem, space is provided to show your calculations and reasoning. Even if your answer is correct, you must show your work for the workout problems to receive full credit! I acknowledge that I have read the exam instructions.
Read DetailsEthan Allen produces two types of metal lamps. Ethan Allen m…
Ethan Allen produces two types of metal lamps. Ethan Allen manufactures 21,000 basic lamps and 5,100 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates indirect manufacturing overhead costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information: Basic Lamps Designer Lamps Total Direct materials per lamp $ 5 $ 21 Direct manufacturing labor per lamp 0.5 hours 0.8 hours Direct manufacturing labor rate per hour $ 30 $ 30 Indirect manufacturing overhead costs $291,600 Using the information, answer for the following questions: Question 1, Compute the manufacturing overhead allocation rate when using the company’s simple costing system. Answer: $per direct manufacturing labor-hour
Read DetailsBased on same data given in Workout Problem 3: Recalling the…
Based on same data given in Workout Problem 3: Recalling the ABC (Activity-Based Costing) from his education at Mason, the company’s controller, Claire, proposed the use of a new costing system, ABC, for computing the costs of each product line. Its activity-based costing system uses two indirect-cost pools. One cost pool is for setup costs (which is $145,800 in total) and the other for general manufacturing overhead (which is also $145,800 in total). It allocates setup costs to the two lamps based on setup labor-hours and general manufacturing overhead costs on the basis of direct manufacturing labor-hours. The budgeted cost information is as follows: Basic Lamps Designer Lamps Total Direct materials per lamp $ 5 $ 21 Direct manufacturing labor per lamp 0.5 hours 0.8 hours Direct manufacturing labor rate per hour $ 30 $ 30 Setup costs $145,800 Lamps produced per batch 210 34 Setup labor-hours per batch 1 hour 2 hours General manufacturing overhead costs $145,800 When using the activity-based costing system, compute the general manufacturing overhead cost allocation rate Answer: $ per direct manufacturing labor-hour
Read DetailsOur textbook, The Family, references a 2005 book by Marquard…
Our textbook, The Family, references a 2005 book by Marquardt and the finding that two-thirds of children attending church at the time their parents divorced said that no one, neither clergy nor members of the church, reached out to help them. Some time has passed since this book was published and since the survey was completed. Consider how you would obtain current data for this. Tell me about a study you would do to get this data now. Include specifics like: what is your main survey question, would you have other follow-up questions, how many surveys would you ideally like to collect, how many churches would you approach for data, what denominations of churches would you approach and why might that be important, would you collect data with online surveys or would you rather talk to people in person, etc. This is a 6 point question. You do not have to write books on this topic or spend a great deal of time on it, just answer this thoughtfully and do your best to demonstrate some knowledge about how good psychological data is obtained.
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