Acme Company manufactures and sells a single product. The se…
Acme Company manufactures and sells a single product. The selling price is $800 per unit. In its first year of operations (Year 1), Acme produces 2,500 units and sells 2,000 units. In Year 2, Acme produces 2,000 units and sells 2,500 units. Acme’s per-unit variable manufacturing costs are as follows: direct materials $320, direct labor $240, and variable manufacturing overhead $52. Acme’s total fixed manufacturing overhead costs are $300,000 in each year. Using absorption costing, what is the cost of goods sold in Year 2?
Read DetailsIn a study of water quality in different U.S. areas, researc…
In a study of water quality in different U.S. areas, researchers collected 100 water samples in each of four areas: west, midwest, south, and northeast. Each water sample was measured for three characteristics: acidity, color, and amount of sediment. Let denote the response for the characteristic of the water sample in the area. (4pts) For each pair of responses below, indicate whether or not they would be independent or correlated under the MANOVA model.i. and ii. and (2pts) If the initial MANOVA test for this situation is found to be significant, what follow-up procedure would be appropriate to consider?
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