Which of the following is FALSE when considering an incremental analysis decision?  i. Management must consider the amount of fixed costs that would remain after discontinuing a segment because these costs will be absorbed by other existing segments. ii. Management should consider last month’s repair costs on its equipment when evaluating whether they should retain that equipment or replace it. iii. Management only needs to look at changes in net income when comparing the different choices of a decision. iv. Management should consider the possible economic benefit that is lost when they choose one option over the alternative course of action.

Emerald Isle Creations designs and builds custom parade floats. Below is a budget of their yearly time and materials:   Time Charges Material Loading Charges Employees’ Wages and Benefits $120,000 – Material Manager’s Salary and Benefits – $90,000 Corporate Employees’ Salaries and Benefits $30,000 $15,000 Overhead $14,000 $15,000 Emerald Isle Creations utilizes 4,000 hours of production time and desires a profit markup of 25% on both the labor rate and the invoice cost of materials. The estimated cost of materials for the year is $200,000. A customer asks Emerald Isle Creations for a price quote on a new parade float. If Emerald Isle Creations estimates that the job will consume 300 hours of labor and $40,000 in materials, what price should they quote the customer for? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) 

City of Clover Heights is hosting a massive St. Patrick’s Day Festival. Due to an increase in demand, the festival committee would like to increase the markup on their admission tickets from 10% to 35%. They are expecting to sell 100,000 tickets and the estimated cost of the entire festival is $800,000. What should the festival committee set the admissions ticket price at? (Do not round intermediate calculations. Round your final answer to two decimal places.)

Green & Gold Garments (G&G) is printing St. Patrick’s Day t-shirts. The following per unit information relates their production of a single shirt: Direct Labor $8 Direct Materials $6 Variable Overhead $4 Fixed Overhead $3 Sales Price $28 G&G has received a special order from the Chicago Parade Committee for 5,000 t-shirts at $22 each. The order would incur an additional shipping cost of $2 per unit. G&G has already budgeted production at 25,000 shirts. Assuming they have the excess capacity to fulfill the order, what will be its incremental income from the order? (Do not round any intermediate calculations. Round your final answer to the nearest whole dollar. List an increase as a positive number, and a decrease as a negative number with a – sign.)

Which of the following statements are CORRECT? (Select all that apply.) 

Shamrock Toy Co. produces three products: A, B, and C. Production of each product is limited by the number of machine hours available, and sales are limited by market demand. The following unit-level information applies to each product:   A B C Unit Selling Price $40.00 $60.00 $300.00 Unit Variable Cost $10.00 $30.00 $160.00 Machine Hours Required per unit 0.50 1.00 2.00 Currently, there is unmet market demand for 1,000 units of A, 600 units of B, and 400 units of C. What is the maximum amount Shamrock Manufacturing Co. can increase total contribution margin by if 1,500 additional machine hours become available? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.)

BONUS QUESTION #2 Which of the following is not in the top 5 of the most frequently fractured bones?  

BONUS QUESTION #1 Approximately ______ of the body’s bones can be found in the hands and feet, including the wrists and ankles.

   What is the name of the muscle labeled “4”?    What is the name of the muscle labeled “7”?

Bird skeleton.png   This is a bird.  Extra Credit: What bone is labeled “D”?