The following diagrams represent one type of project status report. Explain the meaning of each diagram and tell me which diagram is preferable. Progress no learning time Time Progress About 30% of the work done 70% to 80% of the time gone by Time
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- 1. Top-down versus bottom-up estimates. pts. a. Describe the methods and uses of each of the approaches. 2. Compare the advantages and disadvantages of each of the approaches. 3. What are the three types of costs discussed in the text? Define them. 4. For a small project requiring 120 hours at $50/hr and having a direct overhead rate of 40%, calculate the direct cost (Exercise 1 in Chapter 5). To that add indirect costs (G&A) at 20% and then profit at 20% for a total project price. What are the estimated costs for: Design Programming In-house testing Which “approach to estimating” is this? What weaknesses are inherent in this approach? 5. Take another look at Exercise #5. Use Exercise Figure 5.1 on page 160. But now you are asked to do a bottom-up estimate based on the following data and compare it with the top-down estimate of $800,000. If confronted with these two estimates, what, if any, actions would you take? Deliverables Estimated Hours Rate:…Most work is done need help with Per Unit and Percent of Sales Section.The following table lists the components needed to assemble an end Item, lead times (In weeks), and quantitles on hand. Amount on Hand Item Lead Time Direct Components End L(2), C(1), K(3) B(2), (3) G(2), B(2) H(4), B(2) 6. C. K. 4. 13 4' 18 33 4 26 4. H. Click here for the Excel Data Fle 6. If 43 units of the end Item are to be assembled, how many additional units of B are needed? (Hint You don't need to develop an MRP plan.) Additional units
- I need help finding the values for part 4 (cost of units started and completed in march) and part 5 (cost of the ending work in process). Thank you!Convert the accompanying database to an Excel table to find: a.The total cost of all orders. b.Thetotal quantity of airframe fasteners purchased. c. The total cost of all orders placed with Manley Valve. Question content area bottom Part 1 a. The total cost of all orders is $?????? enter your response here.Please refer to the pictures for info and questions 1 and 2. See below for question 3 format. Department Departmental Overhead Rate Standard Deluxe Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $0 $0
- Garrell Corporation is conducting a time-driven activity-based costing study in its Customer Support Department. The company has provided the following data to aid in that study: Time-driven activity rate (cost per unit of activity) Activity cost pool: Receiving Calls Resolving Issues Settling Disputes Cost Object Data: Number of calls received Number of issues resolved Number of disputes settled Customer P 31 17 1 $5.46 $8.58 $13.26 Customer Q 21 10 Required: Using time-driven activity-based costing, determine the total Customer Support Department cost assigned to cach customer.Instructions: Click the buttons above the graphing window to show either production functions or cost functions. Type in values for Fixed Costs or Wage Rate (the cost per worker). Move the Productivity Index right to see the effect of increasing productivity by up to 25%. The table and graphs will update as Settings are changed. Set Fixed Costs to $100, Wage Rate to $40 per worker, and slide the Productivity Index to 0%. What is the cost per unit when 270 units are produced? $[ (report three decimal places) The cost per unit of producing 270 units can be calculated by dividing two numbers from the table. This calculation isLoad the wooldridge package in your R script using the library function: library (wooldridge) Load the wage 2 dataset by writing (in your R script): data = wage 2 This dataset contains information on individuals' monthly wage (the wage variable), number of hours worked per week (the hours variable), IQ (the IQ variable), and other variables. Add a new variable to data (named hourly_wage) which is equal to monthly wage wage divided by 4 times the number of hours worked per week: hourly age = Assign the 4x hours dataframe data (after adding the new variable) to answer1. 2. What is the mean hourly wage? 3. What is the minimum number of years of education in the dataset? 4. What is the number of observations? 5. Estimate the following model: (i(i using the Im function. Assign your model to answer5. 6. What is the coefficient on educ in the model in the previous question? (Hint: Your answer should be a positive number.) W
- Activity-Based Costing CardioTrainer Equipment Company manufactures stationary bicycles and treadmills. The products are produced in the Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $22 per machine hour (mh) Assembly $12 per direct labor hour (dlh) Setup $40 per setup Inspecting $18 per inspection Production scheduling $8 per production order Purchasing $5 per purchase order The activity-base usage quantities and units produced for each product were as follows: Stationary Bicycle Treadmill Machine hours 1,680 1,070 Direct labor hours 243 131 Setups 45 20 Inspections 158 94 Production orders 60 32 Purchase orders 240 98 Units produced 500 350Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $138,000 Number of setups 120 Ordering materials 21,600 Number of orders 1,200 Machining 107,100 Machine hours 11,900 Receiving 16,740 Receiving hours 930 Silven produces two models of cell phones with the following expected activity demands: Model X 4,600 80 400 Units completed Number of setups Number of orders Machine hours Receiving hours Required: 6,800 310 Model X Model Y Model Y 9,200 40 800 5,100 620 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead AssignedA 12 Compute the ROI 13 Margin 14 Turnover 15 ROI 16 1 Chapter 10: Applying Excel 2 3 Data 4 Sales 5 6 Average operating assets 7 Minimum required rate of return 8 9 Enter a formula into each of the cells marked with a ? below 10 Review Problem: Return on Investment (ROI) and Residual Income 11 Net operating income 17 Compute the residual income 18 Average operating assets 22 23 24 25 26 27 28 29 30 31 32 33 34 19 Net operating income 20 Minimum required return 21 Residual income Chapter 10 Form B + $25,000,000 $3,000,000 $10,000,000 25% ? ? ? C ? ? ? ? D E F G H | J K L
