Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates:   Activity Cost Pool Activity Rates Labor-related $ 9.00 per direct labor-hour Machine-related $ 7.00 per machine-hour Machine setups $ 60.00 per setup Production orders $ 200.00 per order Shipments $ 100.00 per shipment General factory $ 7.00 per direct labor-hour    Cost and activity data have been supplied for the following products:      J78 B52 Direct materials cost per unit $ 3.00 $ 36.00 Direct labor cost per unit $ 5.00 $ 7.00 Number of units produced per year 4,000 200     Total Expected Activity J78 B52 Direct labor-hours 800 40 Machine-hours 3,300 20 Machine setups 3 3 Production orders 8 3 Shipments 12 3   Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 400,000 260,000 140,000 40,000 100,000 Average operating assets $ 500,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice О $20,000. $21,000. $22,000. $23,000.

In agricultural economics, a “supply response function” describes how supply of a commodity responds to changes in the price of that commodity.  Year  Seeded Area (hectares)  Harvested Area (hectares)  Average Yield (kg per ha)  Production (tonnes)  Price per Tonne ($/tonne)  1966 1,317,000 1,317,000 1,630 2,150,000 65 1967 1,424,000 1,424,000 1,720 2,449,000 60 1968 1,376,000 1,376,000 1,800 2,477,000 48 1969 1,012,000 1,012,000 1,720 1,742,000 46 1970 567,000 567,000 1,465 830,000 52 1971 1,019,000 1,019,000 1,975 2,014,000 50 1972 1,052,000 1,052,000 1,785 1,878,000 68 1973 1,214,000 1,214,000 1,725 2,095,000 158 1974 1,133,000 1,133,000 1,415 1,605,000 147 1975 1,255,000 1,255,000 1,690 2,123,000 130 1976 1,538,000 1,538,000 1,820 2,803,000 103 1977 1,295,000 1,295,000 2,125 2,749,000 98 1978 1,376,000 1,376,000 2,055 2,831,000 133 1979 1,214,000 1,214,000 1,680 2,041,000 170 1980 1,336,000 1,336,000 1,425 1,905,000 203 1981 1,577,900 1,577,900…

Crystal, Incorporated, has prepared the following budgets for March. In March, budgeted production is 1,100 units, budgeted sales is 1,300 units, and direct materials inventory will stay constant. Monthly costs are budgeted as follows: Direct materials $ 4.25 per unit Direct labor 7.40 per unit Variable manufacturing overhead 10.10 per unit Variable selling and administrative expense 8.25 per unit Fixed manufacturing overhead 6,100   Fixed selling and administrative expense 7,535   What is the budgeted cost of goods sold for March?

Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning inventory 188 units @ $10 = $1,880 May 5 Purchase 258 units @ S * 12 = S 3,096 May 10 Sales 178 units @ $20 May 15 Purchase 138 units @ S 13=\$1,794 May 24 Sales 128 units @ $21.

Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $380,000 Shop direct labor 1,872,000 Shop and repair equipment depreciation 62,500 Shop supervisor salaries 240,000 Shop property taxes 36,940 Shop supplies 10,000 Advertising expense 28,000 Administrative office salaries 150,000 Administrative office depreciation expense 8,000   Total costs and expenses $2,787,440 The average shop direct labor rate is $37.50 per hour. Determine the predetermined shop overhead rate per direct labor hour.$fill in the blank 1 per direct labor hour

A local firm is planning its workforce and production levels over the next year. The firm makes a variety of microprocessors and uses sales dollars as its aggregate production unit. Based on orders received and sales forecasts provided by the marketing department, the estimate of dollar sales for the next year by month is as follows:   Month Production Days Predicted Demand(in $10,000) Month Production Days Predicted Demand(in $10,000) January 20 595 July 20 410 February 19 225 August 21 130 March 22 565 September 19 405 April 18 205 October 23 315 May 21 230 November 21 355 June 22 120 December 18 350   Inventory holding costs are based on a 25% annual interest charge. It is anticipated that there will be 675 workers on the payroll at the end of the current year and inventories will amount to $120,000. The firm would like to have at least $100,000 of inventory at the end of December…

An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…

A certain beverage company provides a complete line of beer, wine, and soft drink products for distribution through retail outlets in central Iowa. Unit price data for 2011 and 2014 and quantities sold in cases for 2011 follow. Use 2011 as the base period.     Unit Price ($) Item 2011 Quantity(cases) 2011 2014 Beer 30,000 18.50 20.15 Wine 5,000 100.00 117.00 Soft drink 60,000 8.00 8.80 Compute the price relatives for this company's products. (Round your answers to two decimal places.) Item - Price Relative Beer Wine Soft drink Use a weighted average of price relatives to show that this method provides the same index as the weighted aggregate method. (Round your answers to the nearest integer.) -weighted average of price relatives index: -weighted aggregate price index: