My professor’s preferred form of communication is her BC email. Only use D2L email if you have no other choice during the term.  Emails will be answered within 24-48 hours on weekdays, during business hours.  Communications sent outside these dates times (holidays/weekends) will not be answered until the next working day. D2L communications will be monitored less frequently than regular email.

This course does not accept late work.  All work is due at the posted date and time.  Extensions are only granted in rare cases with documentation provided by student for cause of need, and must be requested (with documentation) within 4 days of missed assignment.

The City of Austin charges a fixed monthly base rate for being plugged into the electricity grid and then a rate per kilowatt hour used.  This is best identified as a 

Division S produces a component with a variable cost of $25 per unit and no fixed costs. It can sell the component externally for $45 per unit (the fair market value) and has excess capacity. Division T needs 1,500 units and could purchase a similar component externally for $45 per unit. What is the mutually beneficial transfer price? 

Unit of Production: 1 Widget Production Volume: 1,000 Units Standard Cost Card Cost Element Standard Quantity Standard Cost per Unit Standard Total Cost (1 Unit) Direct Materials – Material A 2 kg $4.00/kg $8.00 Direct Labor – Assembly Labor 0.5 hours $20.00/hour $10.00 Manufacturing Overhead – Variable Overhead 0.5 hours $8.00/hour $4.00 – Fixed Overhead 0.5 hours $12.00/hour $6.00 Actual Costs Data Cost Element Actual Quantity (1,000 Units) Actual Cost per Unit Actual Total Cost (1,000 Units) Direct Materials – Material A 2,100 kg $4.50/kg $9,450 Direct Labor – Assembly Labor 520 hours $21.00/hour $10,920 Manufacturing Overhead – Variable Overhead 520 hours $7.50/hour $3,900 – Fixed Overhead 520 hours $11.00/hour $5,720 What is the Fixed Overhead Volume Variance?  

Company XYZ Financial Data (for the year 2024): Revenue: $500,000 Cost of Goods Sold (COGS): $300,000 Operating Expenses: $100,000 Net Operating Income: $100,000 Total Assets: $400,000 Total Equity: $250,000 Minimum Required Rate of Return: 10% (for residual income calculation) What is Company XYZ’s residual income for 2024, given a minimum required rate of return of 10%?

Based on the following observations, identify the cost behavior of Costs X, Y, and Z: Activity in Units       500      1000 Cost X $3,000.00 $3,000.00 Cost Y $2,000.00 $4,000.00 Cost Z $4,000.00 $5,000.00

A company is evaluating a project with an initial investment of $100,000 and expected annual cash inflows of $30,000 for 5 years. The net present value (NPV) of the project is calculated at two discount rates: At a 10% discount rate, NPV = $13,723. At a 15% discount rate, NPV = $565. What is the approximate Internal Rate of Return (IRR) for this project?

Unit of Production: 1 Widget Production Volume: 1,000 Units Standard Cost Card Cost Element Standard Quantity Standard Cost per Unit Standard Total Cost (1 Unit) Direct Materials – Material A 2 kg $4.00/kg $8.00 Direct Labor – Assembly Labor 0.5 hours $20.00/hour $10.00 Manufacturing Overhead – Variable Overhead 0.5 hours $8.00/hour $4.00 – Fixed Overhead 0.5 hours $12.00/hour $6.00 Actual Costs Data Cost Element Actual Quantity (1,000 Units) Actual Cost per Unit Actual Total Cost (1,000 Units) Direct Materials – Material A 2,100 kg $4.50/kg $9,450 Direct Labor – Assembly Labor 520 hours $21.00/hour $10,920 Manufacturing Overhead – Variable Overhead 520 hours $7.50/hour $3,900 – Fixed Overhead 520 hours $11.00/hour $5,720 What is the Labor Rate Variance?  

Which of the following is an example of a sunk cost in a managerial decision-making context?