Provide answer Roary Storm and the Hurricanes Company heat gold ingots to veryhigh temperatures by placing the ingots in a large heat coil. Theheated ingots are then run through a shaping machine that shapesthe soft ingot into wire. Due to the long heat-up time, the coil isnever turned off. When an ingot is placed in the coil, thetemperature is raised to an even higher level, and then the coil isallowed to drop to the "waiting" temperature between ingots.Management needs to know the variable cost of power involved inheating an ingot and the fixed cost of power during "waiting"periods. The following data on ingots processed and power costsare available:Number of Ingots Power CostMonthJanuary 115$6,035February 95$5,035March85$4,935April105$5,535May135$6,535June125$6,135July75$4,535August65$3,735September 47$3,935October 37$2,321Required:Using the high-low method, estimate a cost formula for power cost.

Step 1: Definition of High-Low MethodThe high-low method is a technique used to separate fixed and…

Answered: Roary Storm and the Hurricanes Company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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One kg of water within a piston-cylinder assembly executes a Carnot power cycle. During isothermal expansion, the water is heated from a saturated liquid at 50 bar until is a saturated vapor. The vapor then expands adiabatically to a pressure of 5 bar and a quality of 0.8291. a) Sketch the cycle on P-v and T-s diagram. b) Evaluate the heat transfer and wor for the above processes (isothermal expansion and adiabatic expansion) c) Evaluate the thermal efficiency.
Required Information [The following information applies to the questions displayed below.] Travis Metals heats copper ingots to a high temperature by placing them in a large oven. The heated ingots are then run through a shaping machine that forms them into wire. Due to the length of time it takes the oven to heat up, it is never turned off. When the ingots are placed in the oven the temperature is raised to a higher level. Once they are done being heated the oven temperature is turned back down until a new batch of ingots is ready to be heated. The following information shows the ingots processed and the power costs over the past 10 months. Month January February March April May June July August September October Ingots Power Cost 124 104 94 114 144 134 84 74 64 54 $6,060 $5,060 $4,960 $5,560 Total power costs $6,560 $6,160 $4,560 $3,760 $3,960 $2,960 Required: 2. Using the high-low method, estimate a cost formula for power costs. Express the formula in the form Y = a + bx. X 3.…
Required information [The following information applies to the questions displayed below.] Travis Metals heats copper ingots to a high temperature by placing them in a large oven. The heated ingots are then run through a shaping machine that forms them into wire. Due to the length of time it takes the oven to heat up, it is never turned off. When the ingots are placed in the oven the temperature is raised to a higher level. Once they are done being heated the oven temperature is turned back down until a new batch of ingots is ready to be heated. The following information shows the ingots processed and the power costs over the past 10 months. Month January February March April May June July August September October Ingots Power Cost 135 118 108 128 158 148 98 88 78 68 Total power costs $6,620 $5,620 $5,520 56,120 $7,120 $6,720 $5,120 $4,320 $4,520 $3,520 Required: 2. Using the high-low method, estimate a cost formula for power costs. Express the formula in the form Y = a +bX. 3. Predict…
Using the high-low method, estimate a cost formula for power cost. ??
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Vernon Inc. has analyzed the setup time on its computer-controlled lathe. The setup requireschanging the type of fixture that holds a part. The average setup time has been 140 minutes,consisting of the following steps: Turn off machine and remove fixture from lathe 15 minutesGo to tool room with fixture 15Record replacement of fixture to tool room 18Return to lathe 20Clean lathe 20Return to tool room 20Record withdrawal of new fixture from tool room 12Return to lathe 15Install new fixture and turn on machine 5Total setup time 140 minutesa. Why should management be concerned about improving setup time?b. What do you recommend to Vernon Inc. for improving setup time?c. How much time would be required for a setup, using your suggestion in (b)?
A steel rod 20 mm in diameter and 120 mm long is joined to the end of a copper rod 20 mm in diameter and 80 mm long, thus forming a composite rod of 200 mm in length. If the ends of the composite rod are now clamped, calculate the stress set up in the steel and copper due to a temperature increase.
I drag a stick at 2 m/s through an extremely shallow rectangular box filled with oil, creating a shock wave. I measure the angle made by the wave with the line along which the stick isdragged to be 45°. What is the speed of surface waves in this box?
A mass of 5 kg is attached to a spring with spring constant 25N/m. The mass is acted on by an external force of 10 sin(t) Newtons and moves in a medium that imparts a viscous force (i.e. friction) proportional to the velocity with constant 10Ns/m. If the mass is set in motion from its equilibrium position with an initial velocity of 60 cm/s, formulate the initial value problem describing the motion of the mass. Then solve this initial value problem. HINT: watch out for the units! Centimeters are not meters!
Medinc produces disinfectants by mixing 2 chemical solutions in a machine to become a disinfectant solution (solution 1 and solution 2). Solution 1 is the first process which is carried out at workstation A for 0.5 minutes per solution then continued at workstation B for 0.2 minutes per solution. Then together solution 1 is mixed with solution 2 at workstation C for 0.8 minutes per solution. Workstations B and C are processed at workstation D for mixing together where the process is 10 minutes per solution until it becomes a disinfectant solution for sale to customers. a. Which workstations are the bottleneck? Explain with a picture of the workstation.b. What is the resulting time (throughput time) of the entire work system above?c. How much disinfectant solution can a company produce per hour?
A waste-holding lagoon situated near the main plant of a chemical company receives sludge on a daily basis. When the lagoon is full, it is necessary to remove the sludge to a site located 4.95 kilometers from the main plant. Currently, when the la-goon is full, the sludge is removed by pumping it into a tank truck and hauling it away. This process requires the use of a portable pump that has an initial cost of $800 and an 8-year life. The company can operate the pump at a cost of $25 per day, but the truck and driver cost $110 per day. Alternatively, the company has a proposal to install a pump and pipeline to the remote site. The pump would have an initial cost of $600, a life of 10 years, and a cost of $3 per day to operate. (a) If the MARR is 15% per year and the pipeline will cost $3.52 per meter to construct, how many days per year must the lagoon require pumping to justify construction of the pipeline? (b) The lagoon was pumped 40 times last year. Which alternative would have…

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