...Week 3 Individual Assignment 1: Mile High Cycles Case Analysis Questions 1, 2, & 3 ACCT 6273, Section 7 Identifying Strategic Implications in Accounting Data MILE HIGH CYCLES CASE ANALYSIS * (Exhibit 3 Below) * (Exhibit 4 Below) * The variances are due to the Mile High Cycle company not forecasting for increased production. The company budgeted for the production of 10,000 cycles but the actual production was 10,800 units. When the company increased production, the production efficiency decreased. The company had to use or rework parts that added extra cost to the expenses; the reworked parts added $25,000 of extra expenses to the wheel assembly production and $45,000 to the final assembly process. The material, labor cost, labor efficiency, and labor rate variances all increased and created unfavorable expenses. The company's overhead cost, which included an assumed other cost section, that was 2/3 variable and 1/3 fixed also increased with the increased production. Mile High's final assembly process has the highest expenses and variance. I think that the company had to utilize different parts suppliers due to short notice of increased production, and when they utilized a different supplier the accuracy of the parts decreased. The purchasing managers could have also been lazying in doing their job, and not negotiated for lower supply prices. Mile High's labor expenses may have increased due to overtime and having to hire new employees. The variable portion...
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...Mile High Cycles Case Going into 2004, Bob Moyer planned to produce 10,000 bicycles at Mile High Cycles. Construction of his bicycles includes the utilization of three departments, frames, wheel assembly, and final assembly. During this year, Mile High Cycles ended up actually producing 10,800 bicycles to meet higher than expected demand. Bob is curious as to whether or not he was successful in maintaining costs to meet these higher levels of demand. 1. Bob Moyer provided us with his 2004 production budget and production costs. The production budget can be viewed as his master/static budget based on his predicted production of 10,000 bicycles. The production costs he provided us with represent the actual budget based on the 10,800 bicycles produced (Exhibit A). The only difference between our table and the tables Bob provided us with is that we have broken down the other costs into other fixed costs and other variable costs based on the information given that 2/3 of these other costs were variable in nature. In order to determine the variances, the actual budget, provided by Bob Moyer, had to be compared to a flexible budget. The flexible budget is prepared using the actual quantity of bicycles sold, 10,800, and standard prices. The standard prices provided in the production budget were based on different units, including pounds, gallons, and hours, and thus need to be converted to the standard price per bicycle. To get these values, the planned quantity of each aspect of...
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...Going into 2004, Bob Moyer planned to produce 10,000 bicycles at Mile High Cycles. Construction of his bicycles includes the utilization of three departments, frames, wheel assembly, and final assembly. During this year, Mile High Cycles ended up actually producing 10,800 bicycles to meet higher than expected demand. Bob is curious as to whether or not he was successful in maintaining costs to meet these higher levels of demand. 1. Bob Moyer provided us with his 2004 production budget and production costs. The production budget can be viewed as his master/static budget based on his predicted production of 10,000 bicycles. The production costs he provided us with represent the actual budget based on the 10,800 bicycles produced (Exhibit A). The only difference between our table and the tables Bob provided us with is that we have broken down the other costs into other fixed costs and other variable costs based on the information given that 2/3 of these other costs were variable in nature. In order to determine the variances, the actual budget, provided by Bob Moyer, had to be compared to a flexible budget. The flexible budget is prepared using the actual quantity of bicycles sold, 10,800, and standard prices. The standard prices provided in the production budget were based on different units, including pounds, gallons, and hours, and thus need to be converted to the standard price per bicycle. To get these values, the planned quantity of each aspect of the bicycle, such as steel...
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...Jazmine Menees ENGL 110 1/21/2014 My first 5k Shoes hitting the pavement, crowd cheering. Those were the sounds I remember the most while running my last mile. The sounds of other runners panting, and faint music playing from another iPod. In that moment, I knew that I had made a life changing decision. It was a new year, and like most I had a few new years resolutions for 2013. At that time, I'm not sure the word “run” was even in my dictionary. Honestly, the thought of running for longer than 5 minutes made me slightly nervous. Since it was a new year though, I figured I'd give it a shot and sign up for one of the biggest races in Peoria. The steamboat days race. This race will be held in June, just five months from now. Don't get me wrong getting on the computer that day and telling myself I could run that far wasn't easy. I knew it would take everything I had to start every single day by getting up and going for a run. It was winter, snow on the ground, and freezing. Who would want to get up early every morning in the cold for that? I did. I needed to change my clothes, put on my shoes, and just go. While my first days on the treadmill were hard, I had to keep telling myself that I was doing this for the right reasons. I made sure I got up every single day to run at least one mile, and that's when running started to change my life. I started to see changes in my weight, and my clothes fitting loosely on my body. I started to have more energy throughout the...
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...CARIBBEAN EXAMINATION COUNCIL [CXC] SOCIAL STUDIES SCHOOL BASED ASSESSMENT [SBA] Candidate Name: Akiem Rookwood Candidate No.: 100090 Teacher: Mr. Chin School: Papine High Center No.: 100090 Territory: Jamaica ACKNOWLEDGEMENT I would like to extend my sincere gratitude to the following people for their assistance and co-operation with the completion of my research project. To Leonard & Eraldo thanks for taking time out to help me with my project and for listening to my doubts. To my family members for having faith in me and encourage me to do my best. Thanks to a special friend for her support and Corporation. Finally to the resident of Look out Community, for their co-operation and time spend in assisting me with my interviews thanks a lot. INTRODUCTION Look out Community is located in the district of Gordon town St. Andrew, Jamaica. I have been living at Look out Community for seventeen years. Things that I have observed over these past years are that the lack of water is a major problem in this community. {Almost everyone has different occupation everyday people make a line at the gambling shop to gamble}. At six o’clock pm the FARMERs would get their net income they received from their sales THIS would send their children to school and take care of their family. AIM To find out: ✓ Why do the residents of Look Out, Gordon town carry water? ✓ What can the government dot to solve this problem...
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...r TRAINING GUIDE RUN YOUR BEST HALF Five simple tips to help you achieve 13.1-mile success 1 BUILD SLOWLY Training to run 13.1 miles requires putting in more miles, which increases injury risk. To stay healthy, ramp up mileage and intensity gradually, increasing mileage by no more than 10 percent each week. Stick to the workouts on the training plans, and resist the urge to add miles. 2 SIMULATE RACE CONDITIONS 3 HAVE A PURPOSE FOR EACH RUN 4 PRACTICE EATING AND DRINKING 5 BREAK DOWN THE DISTANCE During training, practice for the terrain and conditions you’ll face on race day. If your race is on the roads, do most of your running on the roads. If your race starts at 8 a.m., plan several of your long runs for that time, so you can figure out what prerun fueling strategy works for you. If the course has a long hill at mile eight, map out a long run that follows that same pattern. Your Ultimate Half-Marathon Guide All the strategies, tips, and training plans you need to prepare you for your first—or fastest—13.1-miler F or years now, the half has been one of the hottest race distances around. For newer racers who’ve finished 5-Ks or 10-Ks, the half offers a worthy-yet-doable challenge without the 16-week training grind of the marathon. For more experienced runners, training for a half bolsters stamina for shorter, faster races and boosts endurance for the full 26.2. And you can bounce back from a hard half...
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...way out of a mason jar. I need to let these thoughts and emotions out of my mind. A deep breath fills my lungs with crispy cold air. I begin to take off. One foot after the other until I find my pace. Suddenly the parking lot fades into the distance as if it were only a mirage. Trees that are as high as sky scrapers tower over me allowing the sunlight to disperse thought the branches. The leaves on the trees are entering their final stages of life, turning them to the most magnificent shades of red, orange, and yellow. This time of year, I always think, is what makes New England such a beautiful place to live. Along side of me, out of my peripheral vision, I see a black squirrel gathering some acorns to haul back to his nest for the winter. My feet continue to trample the ground below me cushioning my feet from the tracks below. The dirt underneath me is moist and a deeper brown than usual which resulted from the rain we received last night. Perfect running conditions, I think to myself. My mind and my body are now at a tug of war. According the old wooden posts that jut out of the ground like newly bloomed flowers, I have run one full mile and three-quarters of my second mile. The body that I am encased in is exhausted, however, my mind is...
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...Introduction Bibb County, in central Georgia, was formed December 9, 1822. Geologically, Bibb County is situated on the boundary where the southern Piedmont falls in the Coastal Plain. Before the coming of European settlers, the region had been a center of a cycle of Native American civilizations. The county sits on 249.76 square miles of land, and there are approximately 622 people per square mile. Robert Reichert is the mayor of the city of Macon, which is a part of Bibb presently governed by a five-member region Commission, with four commissioners designated from specific districts in the region and a chairperson nominated countywide. The chief executive representative is appointed by the commission that has the obligation to run the daily affairs of the government. Bibb County has a sheriff responsible for maintaining the prison system and managing law enforcement duties, with his deputies acting as...
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...If someone travels a distance d in time t, then the person’s average speed is Use this fact to solve the problem. 1. A driver travels at 50 mph for the first hour and then travels at 70 mph for the second hour. What is the average speed of the car? 2. A bicyclist rides 1 mile uphill at 5 mph and then rides 1 mile downhill at 10 mph. Find the average speed of the bicyclist. Does your answer agree with what you expected? 3. At a 3-mile cross-country race an athlete runs 2 miles at 8 mph and 1 mile at 10 mph. What is the athlete’s average speed? 4. A pilot flies an airplane between two cities and travels half the distance at 200 mph and the other half at 100 mph. Find the average speed of the airplane. A Puzzle About Coins Suppose that seven coins look exactly alike but that one coin weighs less than any of the other six coins. If you have only a balance with two pans, devise a plan to find the lighter coin. What is the minimum number of weighings necessary? Explain your answer. Yards to Inches There are 36 inches in 1 yard. Write a formula that converts Y yards to I inches. 34. Checking Account The initial balance in a checking account is $468. Find the final balance resulting from the following sequence of withdrawals and deposits: 2$14, $200, 2$73, 2$21, and $58. 35. Acid Solution How much of a 4% acid solution should be added to 150 milliliters of a 10% acid solution to dilute it to a 6% acid solution? 36. Bank Loans An individual has two low-interest ...
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... And since there is two variables in that equation I chose to solve for the height and got that height=(800+x)(tan33°). But, I still had to get rid of the height, so I found another equation that was true for the height and so I found that tan35°=height/x, which when you solve for height comes to be height=x•tan35°. Then, I set those two height equations equal to each other so that, (800+x)tan33°=x•tan35°. Then I used the equations: tanø=(height of mountain/length of adjacent side) to find the bottom length of each degree(if needed), and sinø=(height of mountain/length of hypotenuse) to find the hypotenuse of each degree(the length of the cable car). To convert the feet to miles, since the speed is in miles/hour, I took the hypotenuse and divided it by 5280 feet(the number of feet in a mile) to get the mile. Then I multiplied that total by the reciprocal of the mph(to find the mph for each degrees, subtract .125 for each degree, or .25 for 2 degrees). Then, I multiplied that total by 60 to get the time from hours to minutes.≤ Then, I compared all the different degrees and how long they take, to see which is the fastest. See Appendix A for greater detail of my work. After doing all calculations, I conclude that although they are all very close, that...
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...costs of an intermediate size vehicle in the year 2000 averaged $.469/mile. This number is broken down into 8 different costs per mile: 1. Repairs- 0.9 cents 2. Depreciation- 16.4 cents 3. Fuel Tax – 1.9 cents 4. Fuel Cost- 4.2 cents 5. Financing- 7.0 cents 6. Maintenance- 2.3 cents 7. State Fees- 1.4 cents 8. Insurance- 12.7 cents (Our Nations Highways). After finding this data my next objective was to determine how many miles an average customer drives in an hour. To be specific, my main demographic was the college-educated individual since they were the most receptive to the car sharing idea. With this detail in mind, it was important to find data regarding the amount of miles an hour a college student may drive. I created this number by using the amount of miles a college student drives on a daily basis and multiplied it by the average cost per mile, which was 46.9 cents. To represent the amount of miles by a college student, I discovered data that shows that the average college student drives 20.3 miles a day (Our Nations Highways). I multiplied this number by 46.9 then divided it by 100 to get the exact dollar amount. This number came to approximately $9.54. However, to be more precise, the cost per hour for a Zipcar would be even more depending on the size of the car. For example, for a large party of customers, a mini-van may be needed. According to the FHWA, it costs 50.7 cents per mile (Our Nations Highways). When this is multiplied by $20.3 and divided...
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...rivalling that of Newark. In comparison to Newark, Dover lacks the abundance of EMS networking that is apparent in the north. The amount of EMS in Dover is simply disproportionate when considering the population of the city. Because of the many people living in Dover and its proximity, there should be heightened coverage in these areas in order to prepare for a time that many people are injured or ill and require transportation or immediate attention. In the end, it would be wise to prepare by having more than enough EMS than to be caught by surprise when there is suddenly not enough. Therefore, the population of central Delaware is a key factor when considering where to provide more EMS. In central Delaware, the median income is not as high as it is in northern Delaware, with some areas having as low a range as $0 to $38,219. Northern Delaware, which has a median income that is comparatively much larger, is much better equipped with both BLS and ALS. Having such expansive EMS would, in fact, be more useful and desirable in the center of the state. If someone has enough money to afford transportation, then it is always an option to be driven or otherwise brought to the hospital if the EMS is not able to serve them appropriately. But, in areas such as this, with lower incomes, some people may not be able to afford transportation and instead walk or bike to get from place to place. In this situation, if the afflicted person cannot receive service efficiently enough, they may not...
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...1. The sum of three consecutive even integers is equal to 84. Find the numbers. Solution * The difference between two even integers is equal to 2. let x, x + 2 and x + 4 be the three numbers. Their sum is equal to 84, hence x + (x + 2) + (x + 4) = 84 * Solve for x and find the three numbers x = 26 , x + 2 = 28 and x + 4 = 30 * The three numbers are even. Check that their sum is equal to 84. 2. The sum on an odd integer and twice its consecutive is equal to equal to 3757. Find the number. Solution * The difference between two odd integers is equal to 2. let x be an odd integer and x + 2 be its consecutive. The sum of x and twice its consecutive is equal to 3757 gives an equation of the form x + 2(x + 2) = 3757 * Solve for x x = 1251 * Check that the sum of 1251 and 2(1251 + 2) is equal to 3757. 3. The sum of the first and third of three consecutive odd integers is 131 less than three times the second integer. Find the three integers. Solution * Let x, x + 2 and x + 4 be three integers. The sum of the first x and third x + 4 is given by x + (x + 4) * 131 less than three times the second 3(x + 2) is given by 3(x + 2) - 131 * "The sum of the first and third is 131 less than three times the second" gives x + (x + 4) = 3(x + 2) - 131 * Solve for x and find all three numbers x = 129 , x + 2 = 131 , x + 4 = 133 * As an exercise, check that the sum of the first...
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...in Japan and most of Europe. With its twin turbo charged inline six all-wheel-drive platform there were few cars that could even try and contend. We all love to drive our cars, whether it’s for back and forth trips to the super market or for those weekend getaways people love to drive. For those who live to drive or drive to live the 2012 GT-R is the car for you. With its sleek styling, 520 brake horse power, its all-wheel-drive platform, and the newly upgraded launch control it really doesn’t get any better than this. Some people may contend that the slightly more expensive ZR1 takes the cake with its 620 horse power and being able to achieve over 200 miles per hour. With its zero-to-60 time being 3.4 seconds, it falls just behind the GT-R by four tenths of a second. They are equally matched in the quarter mile. With all this said the GT-R is the true driver’s choice. It cost less and you get a lot more bang for your buck. Choosing the GT-R over the ZR1 would be one of the best decisions you have ever made. So hop in and go for a spin you will never...
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...Book (Shahid Jamal) Ex5. A random sample of 64 observations has a mean 36 and standard deviation S = 5. Test the null hypothesis µ ≥ 40 against the alternative µ < 40 using a 0.05 level of significance. Ex6. A random sample of 160 observations from a normal population the sample mean 15 and the sample variance s2 = 250 .The test hypothesis Ho µ ≤ 149 against the alternative µ > 149 at α = 0.05 Example 7: A researcher claims that the average wind speed in a certain city is 8 miles per hour. A sample of 32 days has an average wind speed of 8.2 miles per hour. The standard deviation of the sample is 0.6 mile per hour. At α = 0.05, is there enough evidence to reject the claim? Page389 Q19. A manufacturer states that the average life time of its television sets is more than 24 months. The standard deviation of the population is 10 months. One hundred sets are randomly selected and tested. The average lifetime of the sample is 85.1 months. Test the claim that the average life time of the sets is more than 84 months. At α = 0.01, is there enough evidence to reject the claim? T test Pag394 Ex12: A job placement director claims that the average starting salary for nurses is $24,000 A sample of 10 nurses has a mean of $23,450 and a standard deviation of $400 is there enough evidence to reject the director claim at α = 0.05? Page 398 Q7: The average salary of graduates entering the actuarial field is reported to be $40,000. To test this, a Statistics professor surveys...
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