The following cost data for the year just ended pertain to sentiments, inc., a greeting card manufacturer: direct material $ 2,200,000 advertising expense 99,000 depreciation on factory building 116,000 direct labor: wages 465,000 cost of finished goods inventory at year-end 115,000 indirect labor: wages 141,000 production supervisor’s salary 46,000 service department costs* 100,000 direct labor: fringe benefits 120,000 indirect labor: fringe benefits 32,000 fringe benefits for production supervisor 11,000 total overtime premiums paid 55,000 cost of idle time: production employees§ 40,000 administrative costs 150,000 rental of office space for sales personnel† 15,000 sales commissions 6,000 product promotion costs 10,000 *all services are provided to manufacturing departments.§cost of idle time is an overhead item; it is not included in the direct-labor wages given above.†the rental of sales space was made necessary when the sales offices were converted to storage space for raw material. required: 1. compute each of the following costs for the year just endeda. total prime costsb. total manufacturing overhead costsc. total conversion costsd. total product costse. total period costs

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

P8-4b dropping unfavorable division based on the following analysis of last year's operations of groves, inc., a financial vice president of the company believes that the firm's total net income could be increased by $160,000 if its design division were discontinued. (amounts are given in the thousands of dollars.) required provide answers for each of the following independent situations: a. assuming that total fixed costs and expenses would not be affected by discontinuing the design division, prepare an analysis showing why you agree or disagree with the vice president. b. assume that the discontinuance of the design division will enable the company to avoid 30% of the fixed portion of cost of services and 40% of the fixed operating expenses allocated to the design division. calculate the resulting effect on net income. c. assume that in addition to the cost avoidance in requirement (b), the capacity released by discontinuance of the design division can be used to provide 6,000 new services that would have a variable cost per service of $60 and would require additional fixed costs totaling $68,000. at what unit price must the new service be sold if groves is to increase its total net income by $180,000?