BUSN (with  MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
11th Edition
ISBN: 9781337407120
Author: Marcella Kelly, Chuck Williams
Publisher: Cengage Learning
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Chapter 16, Problem 1LO
Summary Introduction

To discuss: Basic elements of computer technology and key trends in that areas.

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Explanation of Solution

Generally the basic elements of computer technology are input and output equipment, control unit, main memory and arithmetic-logical unit.

Hardware: It refers to physical tools and equipment which are used to collect, input, store and process the data to distribute the information.

Key trends in hardware are Digital currencies, Robotics, Virtual reality and assisted reality.

Software: It is a program which provides set of instructions to computer to perform a specific tasks. It is off two types, system software and applications software.

Key trends in software are Artificial intelligence and cognitive technologies, Digital transformation and block chains.

Networks: These networks allows the users to communicate and share files and hardware resources with each other. This networks links are either wired or wireless connections. Examples of networks are internet, local area network and wide area networks.

Key trends in networks are cloud scale networking, wireless first, 5G, deployment of next generation networks-SD WAN technologies.

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Newman Corporation sells one product, its waterproof hiking boot. It began operations in the current year and had an ending inventory of 8,500 units. The company sold 20,000 units throughout the year. Fixed manufacturing overhead is $7 per unit, and total manufacturing cost per unit is $22.60 (including fixed manufacturing overhead costs). What is the difference in net income between absorption and variable costing?
At the beginning of the year, manufacturing overhead for the year was estimated to be $800,000. At the end of the year, actual labor hours for the year were 40,000 hours, the actual manufacturing overhead for the year was $775,000, and the manufacturing overhead for the year was overapplied by $25,000. If the predetermined overhead rate is based on direct labor hours, then the estimated labor hours at the beginning of the year used in the predetermined overhead rate must have been ___ Hours.
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BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)

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