Party world is a store selling party stuffs. one of its popular products for halloween is elvis wig. the elvis wig is produced in asia, so party world has to make a single order well in advance of the upcoming season. tony, the manager of the store estimates the following as his demand forecastd pr(d) f(d)5,000 0.04 0.0410,000 0.10 0.1415,000 0.15 0.2920,000 0.23 0.5225,000 0.20 0.7230,000 0.14 0.8635,000 0.10 0.9640,000 0.04 1.0the elvis wig retails for $18, party world pays $9 per unit to its manufacturer in asia. leftover inventory can be sold to discounters for $4.a) what order quantity maximizes party world’s expected profit? b) if party world orders the quantity in part a), what is party world’s expected fill rate? c) if party world orders the quantity in part a), then how many customers does party world expect to turn away because of shortage? d) if party world orders the quantity in part a), then how many wigs can they expect to have to liquidate? e) if party world wants to have a 90% cycle service level (csl), then how many elvis wigs should be ordered?

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.

Required information problem 15-1a production costs computed and recorded; reports prepared lo c2, p1, p2, p3, p4 [the following information applies to the questions displayed below. marcelino co.'s march 31 inventory of raw materials is $84,000. raw materials purchases in april are $540,000, and factory payroll cost in april is $364,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $26,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $58,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $30,000 $36,000 direct labor 25,000 14,000 applied overhead 12,500 7,000 costs during april direct materials 133,000 210,000 $100,000 direct labor 105,000 150,000 101,000 applied overhead ? ? ? status on april 30 finished (sold) finished in process (unsold) required: 1. determine the total of each production cost incurred for april (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from march 31). a-materials purchases (on credit). b-direct materials used in production. c-direct labor paid and assigned to work in process inventory. d-indirect labor paid and assigned to factory overhead. e-overhead costs applied to work in process inventory. f-actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) g-transfer of jobs 306 and 307 to finished goods inventory. h-cost of goods sold for job 306. i-revenue from the sale of job 306. j-assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions. 3. prepare a schedule of cost of goods manufactured. 4.1 compute gross profit for april. 4.2 show how to present the inventories on the april 30 balance sheet.

Experienced problem solvers always consider both the value and units of their answer to a problem. why?