1. Calculate the variable rate per machine hour and the total fixed utility cost.

2. Show the equation for determining total utility cost for the machine shop.

3. If Matt anticipates using 1, 200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2.

Answer:

**Answer:**

Instructions are below.

**Explanation:**

Giving the following information:

Highest cost= $2,400 when the machines worked 1,000 machine hours.

Lowest cost= $2,200 when the machines worked 500 machine hours.

**To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:**

**Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)**

Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)

Variable cost per unit= $0.4 per hour

**Fixed costs= Highest activity cost - (Variable cost per unit * HAU)**

Fixed costs= 2,400 - (0.4*1,000)= $2,000

F**ixed costs= LAC - (Variable cost per unit* LAU)**

Fixed costs= 2,200 - (0.4*500)= $2,000

**Total cost= 2,000 + 0.4x**

x= machine hour

**Finally, the total cost for 1,200 machine hours:**

Total cost= 2,000 + 0.4*1,200

Total cost= $2,480

Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13. During April, 700 drives were sold. Fixed costs for April were $2 per unit for a total of $1,400 for the month. How much is the monthly break-even level of sales in dollars for Kaplan?

Sleepy Company, a 70%-owned subsidiary of Pickle Corporation, reported net income of $600,000 and paid dividends totaling $225,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Sleepy's identifiable net assets at the date of the business combination was $112,500. The noncontrolling interest in consolidated net income of Sleepy for Year 3 was :a. $146,250.b. $33,750.c. $67,500.d. $180,000.

The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. According to the standard deviation rule, how much did almost all (99.7%) of the students spend on textbooks in a semester?

Mark owns a stamp collection that he is considering getting insured. Over the course of a year it will cost him $500 to keep his collection insured, but if he his collection is damaged they will pay him $1000. If he estimates there’s a 10% chance of his collection being damaged, what is the expected value of buying the insurance policy?: *

The project sponsor has asked Franz to hold a kickoff meeting for their project. What is the purpose of a kickoff meeting?

Sleepy Company, a 70%-owned subsidiary of Pickle Corporation, reported net income of $600,000 and paid dividends totaling $225,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Sleepy's identifiable net assets at the date of the business combination was $112,500. The noncontrolling interest in consolidated net income of Sleepy for Year 3 was :a. $146,250.b. $33,750.c. $67,500.d. $180,000.

The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. According to the standard deviation rule, how much did almost all (99.7%) of the students spend on textbooks in a semester?

Mark owns a stamp collection that he is considering getting insured. Over the course of a year it will cost him $500 to keep his collection insured, but if he his collection is damaged they will pay him $1000. If he estimates there’s a 10% chance of his collection being damaged, what is the expected value of buying the insurance policy?: *

The project sponsor has asked Franz to hold a kickoff meeting for their project. What is the purpose of a kickoff meeting?

**Answer:**

**41 months**

**Explanation:**

For computing the time period we have to use the NPER formula i.e shown in the attachment

Given that,

Present value = $0

Future value = $1,400

Rate of interest = 16.80% ÷ 12 months = 1.4%

PMT = $45

The formula is shown below:

**= NPER(Rate;PMT;PV;-FV;type)**

The future value come in negative

So, after applying the above formula, the time period is **41 months**

**Answer:**

**Explanation:**

The journal entry for July 8, 2016 is shown below:

Bank A/c Dr $11,700

Commission fee A/c $300 ($12,000 × 2.5%)

To Sales A/c $12,000

Since the sales is recorded at $12,000 which includes commission fee of $300 ($12,000 × 2.5%) , the remaining balance i.e $11,700 ($12,000 - $300) would be debited to the bank account.

**Answer:**

The correct answer is letter "**D**": **stimuli, brain, brain–mind interface, mind.**

**Explanation:**

The **Let Me Learn** (LML) Process is an explanation of what steps are followed in our brain while learning something. At first, there are **stimuli **captured by our senses. Our senses regulate the stimuli and let the stimuli enter our **brain**. The brain must translate the stimuli thanks to our working memory staying in the **brain-mind interface** to finally store the translated information into the **mind **and use the information as necessary.

Answer:

The correct answer is letter "D": stimuli, brain, brain–mind interface, mind.

Explanation:

The Let Me Learn (LML) Process is an explanation of what steps are followed in our brain while learning something. At first, there are stimuli captured by our senses. Our senses regulate the stimuli and let the stimuli enter our brain. The brain must translate the stimuli thanks to our working memory staying in the brain-mind interface to finally store the translated information into the mind and use the information as necessary.

**Answer:**

1) $6.32

2) $7.50

3) $6.65

4) $7.35

The correct option is the second one ,$7.50

**Explanation:**

The value of operations is $1,000

If dividends of $50 million is paid,such cash would be paid would be gotten from short-term investments of $100 million since it is easily convertible to cash without losing a significant portion of its value,hence the short term investments reduce to $50 million

$ million

Value of operations $1000

plus value of non-operating assets $50

Value of firm $1050

less value of debt ($300)

Intrinsic value of the firm $750

Intrinsic value of share=$750/100=$7.5

The intrinsic value per share is the total value attributable to common stock divided by the number of common stock in issue.

**Answer:**

**The lower- of- market- or cost for the item is $21**

**Explanation:**

In the lower of cost or market, the market begins at the replacement cost which is $20, which is then limited or restricted to a ceiling and a floor.

**The ceiling is computed as:**

Ceiling = Selling price - Completion cost

where

selling price is $30

Completion cost is $2

**Putting the values above:**

Ceiling = $30 - $2

**Ceiling = $28**

**Computing the floor as:**

Floor = Ceiling - Normal profit margin

Floor = $28 - $7

**Floor = $21**

**As the market cannot be lower than the floor which is $21. Therefore, the lower of cost which is $26 and the market which is $21. But have to take lower. So, it is $21.**

**Answer:**

**Convergence**

**Explanation:**

**Convergence meaning that the two different entities are coming together. It is also defined as the **tendency of the group members to become more alike. It is also known as the company culture, in the sense, that the people who work there, tend to have the similar characteristics.

Therefore, the **convergence is the phenomenon which states the shifting of the styles of the individual management in order to become more similar to one another.**