Describe the trichromatic theory of color vision and explain (don’t just state the weakness, explain why it is a weakness for this theory!!!) the major weakness of this theory.

A company manufactures two products: Product K8R and Product XX20. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products K8R and XX20. The overhead costs have been attributed to four activity cost pools and the activity measures and activity have been determined as shown below.  Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$ 247,00013,000 Machine-hoursMachine setupsNumber of setups$ 60,000150 setupsProduct designNumber of products$ 56,0002 productsOrder sizeDirect labor-hours$ 260,00010,000 Direct labor-hoursActivity MeasureProduct K8RProduct XX20Machine-hours10,0003,000Number of setups11040Number of products11Direct labor-hours6,0004,000For the first question, show your work and label the first answer – PLANTWIDE OVERHEAD1. Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product XX20?For the second question, show your work and label the first answer – ABC OVERHEAD2. If the ABC system is implemented, how much manufacturing overhead cost would be allocated to Product XX20?

The costing method that treats all fixed costs as period costs is

This information is for a company that uses the following activity rates from its activity-based costing to assign overhead costs to products:  Activity Cost Pool Activity Rate    Setting up batches $ 59.16  per batch   Processing customer orders $ 72.72  per customer order   Assembling products $ 3.85  per assembly hour   Data concerning two products appear below:     Product K91B Product F65O    Number of batches 81 52   Number of customer orders 31 45   Number of assembly hours 485 892   How much overhead cost would be assigned to Product K91B using the activity-based costing system?Note: Round your intermediate calculations and final answers to 2 decimal places.

A clothing company has two major business segments–Apparel and Accessories. Data concerning those segments for October appear below:Sales revenues, Apparel$ 775,000Variable expenses, Apparel$ 304,000Traceable fixed expenses, Apparel$ 183,000Sales revenues, Accessories$ 875,000Variable expenses, Accessories$ 510,000Traceable fixed expenses, Accessories$ 195,000Common fixed expenses totaled $282,000 and were allocated as follows: $94,000 to the Apparel business segment and $188,000 to the Accessories business segment.Prepare a segmented income statement for the company as a whole for October (which means you only have to show one column) in the contribution margin format. Make sure to show the total contribution margin for the company, the total segment margin, and the company’s net operating income.  Show your work.

A company specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity based costing system:   Overhead costs:     Wages and salaries $ 176,000   Other expenses 77,000   Total $ 253,000   Distribution of resource consumption:      Activity Cost PoolsMaking BouquetsDeliveryOtherTotalWages and salaries55%20%25%100%Other expenses20%60%20%100%The “Other” activity cost pool consists of the costs of idle capacity and organization-sustaining costs.The amount of activity for the year is as follows:Activity Cost PoolActivityMaking bouquets42,020  bouquetsDelivery15,500 deliveries

 Supply costs at a chain of gyms are listed below:Client-VisitsSupply CostMarch11,649$ 26,575April11,445$ 26,438May11,977$ 26,795June12,200$ 26,944July11,709$ 26,615August11,195$ 26,271September11,989$ 26,803October11,680$ 26,596November11,828$ 26,695Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to:Note: Round your intermediate calculations to 2 decimal places.

In the answer area, start by entering a, b etc. on five lines to properly label your 5 answers. Then put your math calculations such as ( 5 + 6 +9 +10 ) *1000 units = your answer. You can use Ctrl+B to bold your final answer for each line. You must show your work for the essay questions to receive any credit. Without showing your work, one little math error will mean that all the following answers are wrong. With work, you can earn full credit even with a math error. SHOW YOUR WORK.A company has provided the following information: Cost per UnitCost per PeriodDirect materials$ 5.00 Direct labor$ 3.60 Variable manufacturing overhead$ 1.20 Fixed manufacturing overhead $ 29,250Sales commissions$ 0.40 Variable administrative expense$ 0.30 Fixed selling and administrative expense $ 9,750Required: Answer the next 5 questions below after labeling 5 lines a. through e.Show your math work but you are not required to label any of the answers beyond numbering them with a, b, c, d. e.a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,000 units?b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,000 units?c. If the selling price is $26.00 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)d. If 5,000 units are produced, what is the total amount of direct manufacturing cost incurred?e. If 5,001 units are produced, what is the incremental manufacturing cost the company will incur increasing production one more unit?

A company produces and sells a single product. Data concerning that product appear below: Per UnitSelling price$130Variable expenses$78Contribution margin$52The company is currently selling 6,000 units per month. Fixed expenses are $263,000 per month. The marketing manager believes that a $5,000 increase in the monthly advertising budget would result in a 140 unit increase in monthly sales. What should be the overall effect on the company’s monthly net operating income of this change?

A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year:Direct materials$ 6,000Direct labor$ 20,000Rent on factory building$ 18,000Sales salaries$ 22,000Depreciation on factory equipment$ 8,000Indirect labor$ 12,000Production supervisor’s salary$ 16,000The company estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be: