Mikoo- Inc- manufactures a product that uses $22 in direct materials a.docx
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Mikoo, Inc. manufactures a product that uses $22 in direct materials and $13 in direct labor per unit. Under the traditional costing system Mikoo uses, manufacturing overhead applied to each unit is $22. Mikoo is considering switching to an ABC system, however. Under the ABC system, the total activity cost would be $27. What is the total manufacturing cost per unit for Mikoo under the ABC system? Solution Mikoo, Inc. manufactures a product that uses $22 in direct materials and $13 in direct labor per unit. Under the traditional costing system Mikoo uses, manufacturing overhead applied to each unit is $22. Mikoo is considering switching to an ABC system, however. Under the ABC system, the total activity cost would be $27. What is the total manufacturing cost per unit for Mikoo under the ABC system? Working: Total manufacturing cost per unit for Mikoo under the ABC system = Direct material + Direct Labor + total activity cost Total manufacturing cost per unit for Mikoo under the ABC system = 22 + 13 + 27 Total manufacturing cost per unit for Mikoo under the ABC system = $ 62 Answer Total manufacturing cost per unit for Mikoo under the ABC system = $ 62 .
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This document contains a practice exam for ACC 349 with 50 multiple choice questions covering topics like job order costing, absorption costing, variable costing, budgeting, standard costs, and activity-based costing. It provides the questions, possible answer choices for each question, and in some cases brief explanations or solutions. The document aims to help students prepare for and study for their ACC 349 final exam.
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20 Years of Investing Based on Academic Research DFA took pride in the belief that its investment strategies were based on sound academic research. When the firm began in 1981, its main product was a "small-stock" fund; that is, the fund invested in stocks whose market capitalization fell below a cutoff set by the 20th percentile of all NYSE stocks (this fund was known as the U.S. 9-10 Small Company Portfolio because it contained stocks in the ninth and tenth NYSE deciles based on size). The fund was later renamed the U.S. Micro Cap Portfolio. This category included a substantial number of stocks, since far more than 20% of AMEX and over-the-counter (now NASDAQ) stocks fell below the ninth decile NYSE cutoff. In 2002, there were more than 3,600 stocks eligible for the Micro Cap Portfolio. One crucial reason DFA saw small stocks as so attractive was the findings of academic papers, most notably the University of Chicago Ph.D. dissertation of Rolf Banz. Banz found that small stocks had consistently outperformed large stocks over the entire history of the stock market from 1926 through the late 1970 s. Booth and Sinquefield reasoned that if this pattern were to continue, small-stock investing could deliver substantial returns to investors. Moreover, even investors who were skeptical about the findings of 2 cument is authorized tor use only by Hao Yan in FiNA 6338 Northeastorn Spring 2023 thught by Apoo Koticha, Northeastern University from Jan 2023 to Jal 2023. For the exclusive use of H. Yan, 202: Dimensional Fund Advisors, 2002 203-026 this research might desire to put a fraction of their money into a small-stock fund, since many mutual funds focus their investing primarily on the stocks of very large companies. Soon after the successful launch of the 9-10 Portfolio, DFA added the U.S. 6-10 Small Company Portfolio (now U.S. Small Cap Portfolio), for which any stock smaller than the median NYSE stock was eligible. Then came the U.S. 6-7-8 Small Company Portfolio (now U.S. Small XM Portfolio, where "XM" stands for "except micro cap"), which contained stocks eligible for the 6-10 Portfolio but not for the 9-10 Portfolio. This gave investors several ways to get a piece of the stock market not covered by the S\&P 500. (See Exhibit 3 for more information on the coverage of these funds.) In 1986, DFA introduced small-cap funds for the United Kingdom and Japan based on research that indicated a size effect in these countries as well. Assuming the size effect was a global phenomenon, it added small-cap funds for the European continent (1988) and the Pacific Rim (1989) as well. 1. Stocks with high "beta," the fundamental measure of risk in the capital asset pricing model (CAPM), did not have consistently higher returns than low-beta stocks. This result shook the foundations of modern portfolio theory, which was based around the idea that investors receive greater reward (return) for taking on more risk (beta). As a consequence.
(a) What is the mediat of variable x - The median of variable x is (Re.docx
(a) What is the mediat of variable x ? The median of variable x is (Reund to the nosirst integer as netded)
.
(a) Let ij-0- Show that there exists l1 such that pij(l)-0- (b) Assume.docx
(a) Let ij > 0 . Show that there exists l 1 such that p ij ( l ) > 0 . (b) Assume the state space contains m elements. Show that l in part (a) can be chosen less than or equal to m .
.
(7-7) Boehm Incorporated is expected to pay a 51-50 per share dividend.docx
(7-7) Boehm Incorporated is expected to pay a 51.50 per share dividend at the end of this year Constant Dividend (i.e, D 1 = $1.50 ). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, r 0 , is 13% . What is the estimated value per share of Boehm's stock?
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(5 Points) If a variable is a pointer to a structure- then which of th.docx
(5 Points) If a variable is a pointer to a structure, then which of the following operator is used to access data members of the structure through the pointer variable? a. b. . c. \& d. *
.
(5 Points) If a variable is a pointer to a float- then which of the fo.docx
(5 Points) If a variable is a pointer to a float, then which of the following operator is used to access data through the pointer variable? a. b. . c. \& d. *
.
(15pts) A-B tell the truth with probability p and lie with probability.docx
(15pts) A , B tell the truth with probability p and lie with probability 1 p . A makes a statement and B confirms the statement by A is true. What is the probability that A is actually telling the truth?
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(4 pts) Suppose two objects are represented by the tuples (12-0-22-6).docx
(4 pts) Suppose two objects are represented by the tuples ( 12 , 0 , 22 , 6 ) and ( 9 , 1 , 16 , 8 ) . Compute the Euclidean distance, Manhattan distance, Supremum distance, and the cosine similarity between the two objects.
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(1) What is a budgetary slack- How to ensure the integrity of performa.docx
(1) What is a budgetary slack? How to ensure the integrity of performance evaluation?
(2) What is the benefits of using a flexible budget than a static budget as a benchmark in the performance evaluation?
.
(1) Describe the causative organism in staphylococcus a scalded skin s.docx
(1) Describe the causative organism in staphylococcus a scalded skin syndrome (ssss)?
2) what is the pathogenesis of staphylococcus a scalded skin syndrome, (it's virulence factor and detailed mechanisms)?
3) Describe the causative organism in Cutaneous Anthrax?
4) what is the pathogenesis of cutaneous Anthrax, (it's virulence factor and detailed mechanisms)?
This is immunology course (master's level). Thank you.
.
(3 pts) Suppose that a cell undergoes meiosis in a phenotypically norm.docx
A male human cell undergoes meiosis. (a) If nondisjunction of sex chromosomes occurs in meiosis I, the sperm could have an extra or missing X or Y chromosome. (b) If the X chromosome nondisjoins in meiosis II, the sperm could have two X's or no X. (c) If the Y chromosome nondisjoins in meiosis II, the sperm could have two Y's or no Y.
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(around 100 words summary) 20 Years of Investing Based on Academic Res.docx
(around 100 words summary) 20 Years of Investing Based on Academic Res.docx
(a) What is the mediat of variable x - The median of variable x is (Re.docx
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(a) Let ij-0- Show that there exists l1 such that pij(l)-0- (b) Assume.docx
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- 1. Mikoo, Inc. manufactures a product that uses $22 in direct materials and $13 in direct labor per unit. Under the traditional costing system Mikoo uses, manufacturing overhead applied to each unit is $22. Mikoo is considering switching to an ABC system, however. Under the ABC system, the total activity cost would be $27. What is the total manufacturing cost per unit for Mikoo under the ABC system? Solution Mikoo, Inc. manufactures a product that uses $22 in direct materials and $13 in direct labor per unit. Under the traditional costing system Mikoo uses, manufacturing overhead applied to each unit is $22. Mikoo is considering switching to an ABC system, however. Under the ABC system, the total activity cost would be $27. What is the total manufacturing cost per unit for Mikoo under the ABC system? Working: Total manufacturing cost per unit for Mikoo under the ABC system = Direct material + Direct Labor + total activity cost Total manufacturing cost per unit for Mikoo under the ABC system = 22 + 13 + 27 Total manufacturing cost per unit for Mikoo under the ABC system = $ 62 Answer Total manufacturing cost per unit for Mikoo under the ABC system = $ 62