5) Information about Clearwater Company's direct materials cost follows: Standard price per materials ounce $ 100 Actual quantity used 8,700 grams Standard quantity allowed for production 9,100 grams Price variance $ 76,125 F ________________________________________ Required: What was the actual purchase price per gram? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Actual purchase price $ 91.25 Total grade: 0.0×1/1 = 0% Feedback: Actual Costs = AP × 8,700 Actual Inputs at Standard Price = $100 × 8,700 =$870,000 Price Variance = $76,125 F 8,700 × AP = $870,000 – $76,125 AP = $91.25 ________________________________________ Question 3: Score
Ratio Analysis Memo for Riordan Manufacturing, Inc. By Teri N. Owens University of Phoenix XACC/291 STEVEN GERMAN November 23, 2014 * Liquidity ratios 1. Current ratio $14,524,790 / $2,750,057 = 5.3% 2. Acid-Test $5,605,347 / 2,750,057 = 2.03 3. Receivables turnover 12564004 / 2669824.5 = 4.7 times 4. Inventory turnover 56,534,254 / 8,517,203 = 6.6 * Profitability ratios 5.
Assume commercial use is at the March level. Also assume that the Sales Promotion and Corporate Services expenses will be at the same levels as in March. Salem Data Services Contribution Margin Income Statement For the Quarter Ended March 31, 2004 Revenues Intracompany $ 82,000 Commercial 110,400 Total Revenues: $ 192,400 Less: Variable Expenses Power (at $4.70) $ 1,612 Operations: Hourly Personnel (at $24.00) 8,232 Total Variable Expenses: $ 9,844 Contribution Margin $ 182,556 Less: Fixed Expenses Rent $ 8,000 Custodial Services 1,240 Computer Leases 95,000 Maintenance 5,400 Depreciation 26,180 Operations: Salaried Staff 21,600 Systems Development & Maintenance 12,000 Administration 9,000 Sales 11,200 Sales Promotion 8,083 Corporate Services 15,236 Total Fixed Costs: $ 212,939 Net Income $ (30,383) 4. Assuming the intracompany demand for service will average 205 hours per month, what level of commercial revenue hours of computer use would be necessary to
Stock Number Annual $ Volue J24 12,500 R26 9,000 L02 3,200 M12 1,550 P33 620 T72 65 S67 53 Q47 32 V20 30 What are the appropriate ABC groups of inventory items? (4 points) Stock Number Annual $ Volume % of Annual Volume % of Total Class: J24 12,500 46.21 79.48 A R26 9,000 33.27 L02 3,200 11.83 19.85 B M12 1,550 5.73 P33 620 2.29 T72 65 0.24 0.67 C S67 53 0.20 Q47 32 0.12 V20 30 0.11 Total Annual Volume 27,050 Problem 2: Assume you have a product with the following parameters: Holding cost per per unit Order per order What is the EOQ? What is the total cost for the inventory policy used? (4 points) Problem 3: Assume that our firm produces type C fire extinguishers. We make 30,000 of these fire extinguishers per year.
What is the break-even point in number of passenger train cars per month? 1 car loaded by 70%, and there are 90 seats. Per month, the break-even for passengers is 35000. .7 * 90= 63 passengers, 35000/63 Break-even for number of cars 555.5555556: 556 c. If Springfield Express raises its average passenger fare to $ 190, it is estimated that the average load factor will decrease to 60 percent. What will be the monthly break-even point in number of passenger cars?
35,000 / 63 = 555.55 556 is break-even point in number of passenger train cars per month. c. If Springfield Express raises its average passenger fare to $ 190, it is estimated that the average load factor will decrease to 60 percent. What will be the monthly break-even point in number of passenger cars? To find the monthly break-even point in number of passenger cars if Springfield Express raises its average passenger fare to $190.00 and the estimation that the average load factor will decrease to 60%, the following calculation is provided: $3,150,000 / $120.000 = $26,250 is the break-even in passengers. 90 / 60% = 54 is the average passenger per car.
13. The mean is 3.16667, the median is 3.25, the sum of squared deviations is 0.5333333334, the variance is 0.10667, and the squared deviation is 0.32660. 16. The Governors’ mean is 43 and the standard deviation is 6.83. The CEOs’ mean is 44 and the standard deviation is 12.65.
Credit Balance($) 0.01193 0.00129 9.25447 0.000 Summary of Model S = 8.40667 R-Sq = 64.08% R-Sq(adj) = 63.34% PRESS = 3613.50 R-Sq(pred) = 61.74% Analysis of Variance Source DF Seq SS Adj SS Adj MS F P Regression 1 6052.72 6052.72 6052.72 85.6452 0.000000 Credit Balance($) 1 6052.72 6052.72 6052.72 85.6452 0.000000 Error 48 3392.26 3392.26 70.67 Lack-of-Fit 47 3390.26 3390.26 72.13 36.0666 0.131532 Pure Error 1 2.00 2.00 2.00 Total 49 9444.98 Correlations: Income ($1000), Credit Balance($) Pearson correlation of Income ($1000) and Credit Balance($) = 0.801 P-Value = 0.000 To calculate the for the confidence levels at α=0.05 General Regression Analysis: Income ($1000) versus Credit Balance($) Regression Equation Income ($1000) = -3.51589 + 0.0119264 Credit Balance($) Coefficients Term Coef SE Coef T P Constant -3.51589 5.48309 -0.64123 0.524 Credit Balance($) 0.01193 0.00129 9.25447 0.000 Summary of Model S = 8.40667 R-Sq = 64.08% R-Sq(adj) =
Total current liabilities the P.7 company had 139.31% more than previous year’s liability. Short-term debt of Coca-Cola was $11,133 and $9,*36 in 2004 and 2005. Short-term debt was 88.35% the previous year liability. Coca-Cola Enterprises long-term assets and liabilities will decrease in 2005. Total liabilities, PepsiCo Inc., were $14,464 and $17,476 in 2004 and 2005.
The demand level for JoesCola is highly seasonal. • During the slow season, the demand rate is approximately 650 cases a month, which is the same as a yearly demand rate of 650*12 = 7800 cases. • During the busy season, the demand rate is approximately 1300 cases a month, or 15,600 cases a year. • The cost to place an order is $5, and the yearly holding cost for a case of JoesCola is $12. a) According to the EOQ formula, how many cases of JoesCola should be ordered at a time during the slow season?