Z

Name the director whose mother was a free-spirited artist who was friends with legendary dancer Isadora Duncan, managed a cosmetics company before going into film, and was a writer before they became a director, and excelled at screwball comedies?

Will Bank of America deduct a five dollar Monthly Maintenance Fee from your checking or savings account if you only have the Minimum account balance of 25 dollars in your account which would then set you below the Minimum account balance and as a result you would then be hit with another fee?(Be specific in answer)

Be Specific.

If you only have 25 dollars in your bank of america savings account will the bank still deduct the 5 dollar a month maintenance fee from your account which would then cause you to be a hit with another fee?

Grape Industries has the following labor costs:

Factory—Gross wages $390,000

Factory—Net wages 320,000

Employer Payroll Taxes Payable 50,000

The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for

1. $440,000.

2. $390,000.

3. $370,000.

4. $340,000.

The format of a cash budget is:

1. Beginning cash balance + Cash receipts + Cash from financing - Cash disbursements = Ending cash balance.

2. Beginning cash balance + Cash receipts - Cash disbursements +/- Financing = Ending cash balance.

3. Beginning cash balance + Net income - Cash dividends = Ending cash balance.

4. Beginning cash balance + Cash revenues - Cash expenses = Ending cash balance.

Mimi Company is considering a capital investment of $250,000 in new equipment. The equipment is expected to have a 5-year useful life with no salvage value. Depreciation is computed by the straight-line method. During the life of the investment, annual net income and cash inflows are expected to be $25,000 and $75,000, respectively. Mimi's minimum required rate of return is 10%. The present value of 1 for 5 periods at 10% is .621 and the present value of an annuity of 1 for 5 periods at 10% is 3.791.

Instructions – 20 points

Compute each of the following:

(a) cash payback period.

(b) net present value.

(c) annual rate of return.

1. CPP = 2.33 years NPV = $24,325 ARR = 10%

2. CPP = 1.33 years NPV = $14,325 ARR = 0%

3. CPP = 3.33 years NPV = $34,325 ARR = 20%

4. CPP = 5.33 years NPV = $54,325 ARR = 40%

Malone, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Malone estimated 6,400 tybos would be produced in March. Malone has established the following material and labor standards to produce one tybo:

Standard Quantity Standard Price

Direct materials 2.5 pounds $3 per pound

Direct labor 0.6 hours $10 per hour

During March 2011, the following activity was recorded by the company relating to the production of tybos:

1. The company produced 6,000 units during the month.

2. A total of 16,000 pounds of materials were purchased at a cost of $44,000.

3. A total of 16,000 pounds of materials were used in production.

4. 3,200 hours of labor were incurred during the month at a total wage cost of $35,200.

Instructions – 20 points

Calculate the following variances for March for Malone, Inc.

(a) Materials price variance

(b) Materials quantity variance

(c) Labor price variance

(d) Labor quantity variance

1. MPV = $4,000 F MQV = $3,000 U LPV = $3,200 U LQV = $4,000 F

2. MPV = $3,000 F MQV = $2,000 U LPV = $2,200 U LQV = $3,000 F

3. MPV = $5,000 F MQV = $4,000 U LPV = $5,200 U LQV = $4,000 F

4. MPV = $6,000 F MQV = $6,000 U LPV = $6,200 U LQV = $6,000 F

As x moves toward negative infinity, f(x) moves toward what?

Convert √2:(25)=5 to logarithmic form.Type equation in logarithmic form.

H(X)=4x^2+x/x^2+10, Find the domain. (xIx=_ ) use commas to separate answers.

Dunbar Manufacturing’s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $33,000. If sales are expected to increase $60,000, by how much will the company's net income increase?

1. $27,000

2. $42,000

3. $18,000

4. $9,000

An example of a cost which would not be assigned to an overhead cost pool is

1. salaries.

2. freight-out.

3. depreciation.

4. supplies.

Dunley Company estimates that variable costs will be 60% of sales and fixed costs will total $2,040,000. The selling price of the product is $10, and 600,000 units will be sold.

Instructions – 20 points

Using the mathematical equation,

(a) Compute the break-even point in units and dollars.

(b) Compute net income.

1. BE = 360,000 units; NI = $480,000

2. BE = 480,000 units; NI = $360,000

3. BE = 280,000 units; NI = $160,000

4. BE = 580,000 units; NI = $460,000

If time spent watching TV exceeded time spent listening to the radio by 390 hours and the combined time devoted to these two media outlets was 2614 hours how many hours were spent listening to the radio and watching TV separately? _Radio hours, _TV hours

A book contains the following recommended weight for a kangaroo. Give the kangaroo 125 pounds for the first 5 feet plus 5 pounds for every inch over 5 feet tall. Using this description what height corresponds to a recommended weight of 200 pounds in feet and inches?_ft,_in

f(x)=2x^3+x^2-18x-6=3

(x^2-x-9)^3/4-2=25

The following data were taken from the records of Clarkson Manufacturing Company for the fiscal year ended June 30, 2012.

Raw Materials Inventory 7/1/11 $ 56,630 Factory Machinery Depreciation $ 16,760

Raw Materials Inventory 6/30/12 43,940 Factory Utilities 30,160

Finished Goods Inventory 7/1/11 96,170 Office Utilities Expense 8,800

Finished Goods Inventory 6/30/12 96,760 Sales 558,470

Work in Process Inventory 7/1/11 24,300 Sales Discounts 4,810

Work in Process Inventory 6/30/12 25,070 Plant Manager's Salary 34,780

Direct Labor 158,480 Factory Property Taxes 9,730

Indirect Labor 25,790 Factory Repairs 2,010

Accounts Receivable 36,940 Raw Materials Purchases 98,660

Factory Insurance 5,140 Cash 34,970

Complete the cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (List multiple manufacturing overhead from largest to smallest amount. e.g. 10,5,2.)

CLARKSON MANUFACTURING COMPANY

Cost of Goods Manufactured Schedule

For the Year Ended June 30, 2012

$

Direct materials

$

Total raw materials available for use

Less:

$

Direct labor

Manufacturing overhead

Total manufacturing overhead

Total manufacturing costs

Total cost of work in process

Less:

Cost of goods manufactured

$

Complete the income statement through gross profit.

CLARKSON MANUFACTURING COMPANY

(Partial) Income Statement

For the Year Ended June 30, 2012

Sales revenues

$

Less:

Net sales $

Cost of goods sold

Cost of goods manufactured

Cost of goods available for sale

Less:

Cost of goods sold

Gross profit

Complete the current assets section of the balance sheet at June 30, 2012. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 1.)

CLARKSON MANUFACTURING COMPANY

(Partial) Balance Sheet

June 30, 2012

Current assets

$

Inventories

$

Total current assets

$

AP14-1A

Lott Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Lott's monthly manufacturing cost and other expense data are as follows.

Rent on factory equipment $ 7,960

Insurance on factory building 2,060

Raw materials (plastics, polystyrene, etc.) 83,540

Utility costs for factory 960

Supplies for general office 390

Wages for assembly line workers 46,310

Depreciation on office equipment 850

Miscellaneous materials (glue, thread, etc.) 1,270

Factory manager's salary 6,460

Property taxes on factory building 430

Advertising for helmets 14,980

Sales commissions 7,350

Depreciation on factory building 1,610

Complete the answer sheet. Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns. (If answer is zero, please enter 0, do not leave any fields blank.)

Product Costs

Cost Item

Direct Materials

Direct Labor

Manufacturing Overhead

Period Cost

Rent on factory equipment $ $ $ $

Insurance on factory building

Raw materials

Utility costs for factory

Supplies for general office

Wages for assembly line workers

Depreciation on office equipment

Miscellaneous materials

Factory manager's salary

Property taxes on factory building

Advertising for helmets

Sales commissions

Depreciation on factory building

$

$

$

$

Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 10.50.)

$