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- During each year, CSL Computer Company needs to train 27 service representatives. It costs $12,000 to run a training program, regardless of the number of students being trained. Service reps earn a monthly salaryof $1500, so CSL does not want to train them before they are needed. Each training session takes one month. a. State the assumptions needed for the EOQ model to be applicable. b. How many service reps should be in each training group? c. How many training programs should CSL undertake each year? d. How many trained service reps will be available when each training program begins?consumer focus is a marketing research firm that organizes focus groups for consumer – product companies. Each focus group has eight individuals who are paid $50 per session to provide comments om new products. these focus groups meet in hotels and are led by a trained, independent, marketing specialists hired by consumer focus. Each specialist is paid a fixed retainer to conduct a minimum number of sessions and a per sessions fee of $2000. A consumer focus staff member attends each session to ensure that all the logistical aspects run smoothly.Required: - Classify each of the following cost items as:a. Direct or indirect (D or I) costs with respect to each individual focus group.b. Variable or fixed (V or F) costs with respect to how the total costs of consumer focus change as the number of focus groups conducted changes.( if in doubt, select on the basis of whether the total costs will change substantially if there is a large change in the number of groups conducted.)You will have…A University produces two courses for its Management students this year. MATA32 and MATA33. Each student taking MATA32 requires 6 hours of teaching, 2 hours of adminis- tration, with a revenue of $1300. Each student taking MATA33 requires 7 hours of teaching, 1 hour of administration with a revenue of $1700. Due to the University's resources, there is a maximum of 2010 teaching hours and 150 administration hours. The University must also admit at least 30 MATA32 and at least 30 MATA33 students due to government regulation. What is the maximum revenue? (A) 90000 (B) 129000 (C) 188000 (D) 192500 (E) None of the above
- Monica Lee, Administrative Director of Digital Imaging Center, has been asked by the practice members to see if it is feasible to add a technologist aide to support the practice's mammography service. The center currently has two digital mammography units, two technologists and one technologist aide. She has complied the following information: Reimbursement per mammogram: $140 Equipment lease per month per machine: $12,000 Equipment maintenance cost per month per machine: $9,000 Technologist cost per mammogram: $35 Technologist aide cost per mammogram: $20 Variable cost per mammogram: 13 a: What is the patient volume Digital Imaging needs per month to cover fixed and variable costs and to make a $20,000 profit to cover other practice costs[x]?13. Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9600. Micromedia rents computers for its seminars at a cost of $60 per computer per day. a. Develop a model for the total cost to put on the seminar. Let x represent the number of students who enroll in the seminar. b. Develop a model for the total profit if x students enroll in the seminar. e. Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if its forecast is accurate? d. Compute the breakeven point.Jace and Associates provides professional consulting services to a variety of clientele in an effort to help them improve the operating effectiveness and profitability of their businesses. At the start of the year, budgeted MOH costs were $250,000; budgeted direct labor hours, its allocation base, were 100,000. The company is considering doing work for a new client that is estimated to take around 45 hours. How much should Jace bid on this job if the company incurs a direct labor rate of $30/hour and charges a 60% mark-up above job costs? (Round answer to 2 decimal places, e.g. 5,275.25.) Bid price $
- Barfield Corporation prepares business plans and marketing analyses for start-up companies in the Cleveland area. Barfield has been very successful In recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $530,000 and $800,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $108,000, while the annual costs of the computer group are $630,000. Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following Information: Percentage of estimated dollars of work and…Seal Financial Advisors provides accounting and finance assistance to customers in the retail business. Seal has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $573,000 per year, and normal billable hours are 8,300 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $755,000. Seal allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. What is the predetermined overhead allocation rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A. $69.04 per hour B. $21.93 per hour C. $160.00 per hour D. $90.96 per hourThe executive education (EE) unit at the Business School of Central State University offers both open-enrollment (anyone can sign up) and custom (designed for a specific client) executive education programs. CSU has just received an inquiry from a prospective client about its prices for leadership seminars. The prospective client wants bids for three alternative activity levels: (1) one seminar with 20 participants, (2) four seminars with 20 participants each (80 participants total), or (3) eight seminars with 140 participants in total. EE’s cost analyst has provided the following differential cost estimates. Setup costs for the entire job $ 900 Materials costs per participant (brochures, handouts, coffee, lunch, etc.) 150 Differential direct labor costs: One seminar $ 1,800 Four seminars 7,800 Eight seminars 13,200 In addition to the preceding differential costs, EE allocates fixed costs to jobs on a direct-labor-cost basis, at a rate of 75…
- The Internal Audit (IA) Branch provides internal control and fraud prevention training to department managers across the organisation. Costs associated with each one-day training programs comprise a flat $2100 booking fee for the corporate training room (which has a capacity of 100 participants) and the presenter's fee of S3500 per training session held. Additional costs include $45 per person for catering and $20 per person for course materials. The course is popular and has a waiting list. Required: (Round your answers to whole dollars). 1. What is the cost of running a training session? $ 2. What price will the IA Branch charge each attendee if the prices are set at cost-recovery only? $ 3. What would be the contribution margin per attendee? $ 4. If the IA Branch could secure a larger training room with twice the practical capacity, and the booking fee for this larger room was $2500, how much would they be able to reduce the registration fee charged to attendees and still break even…Barfield Corporation prepares business plans and marketing analyses for start-up companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $440,000 and $810,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $216,000, while the annual costs of the computer group are $654,000. Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information: Percentage of estimated dollars of work and…Advanced Coding is a software development company that sells specialized practice management software to large professional services firms. Management has decided to analyze certain costs related to sales to determine per-customer profitability and to plan for future sales efforts. These costs include sales commissions and overhead related to the corporate jet expenses. They have determined that $200,000 of overhead costs related to the corporate jet should be assigned to individual customers. Sales representatives are paid a commission of 5% on Gross Profit (sales less costs to develop the software). In relation to overhead costs, the sales staff used the corporate jet at a cost of $1,000 per hour for trips to customers as follows: Customer #1: 50 hours Customer #2: 43 hours Customer #3: 15 hours Customer #4: 8 hours Customer #5: 10 hours Gross profit per customer is as follows: Customer #1: $340,000 Customer #2: $240,000 Customer #3: $60,000 Customer #4: $80,000 Customer #5: $60,000…