Assume that ExxonMobil uses a standard cost system for each of its refineries. For the Houston refinery, the monthly fixed overhead budget is $8,000,000 for a planned output of 5,000,000 barrels. For September, the actual fixed cost was $8,750,000 for 5,100,000 barrels. Required a. Determine the fixed overhead budget variance. b. If fixed overhead is applied...
It’s review question, I need this as soon as possible. Thank you 3) For thè diferential equation: (a) The point zo =-1 is an ordinary point. Compute the recursion formula for the coefficients of the power series solution centered at zo- -1 and use it to compute the first three nonzero terms of the power series when -1)-s and v(-1)-0. (25 points) (b) Th...
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Two oil refineries each produce three grades of petroleum, A, B and C. At each refinery, the various grades One operation at Refinery 1 produces 2 units of A, 1 unit of B and 5 units of C f petroleum are produced in a single operation so that they are fixed proportions. One operation at Refinery 2 produces 5 units of A, 1 unit of B and 2 units of C. Refiner...
An offshore oil well must be connected by pipe to the refinery. The oil-well is 2 km off-shore. The refinery is on the coast, 3 km from the nearest point of land to the oil well. The coastline is perfectly straight. It costs $ S per kilometre to lay pipe along the shore, but U times as much per km to lay pipe undenwater. The pipe may be laid either straight...
Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows. Direct materials 3 pounds at $1.10 per pound $3.30 Direct labor 1.70 hour at $8.00 per hour 13.60 Overhead 2 hours (variable $4....
Suppose that your company uses a continuous review system, and you have an average monthly demand of 12,000 units with a monthly standard deviation of 400 units. The time it takes for your supplier to deliver to your plant is 5 days (assume 30 days per month). If your company has a CSL level of 50%. How much safety stock should be held? Now suppose that th...
Question No: 1The overall (weighted average) cost of capital is composed of a weighted average of :a)The cost of common equity and the cost of debtb)The cost of common equity and the cost of preferred stockc)The cost of preferred stock and the cost of debtd)The cost of common equity, the cost of preferred stock, and the cost of debtQuestion No: 2Which of the...
The overall (weighted average) cost of capital is composed of a weighted average of : a)The cost of common equity and the cost of debt b)The cost of common equity and the cost of preferred stock c)The cost of preferred stock and the cost of debt d)The cost of common equity, the cost of preferred stock, and the cost of debt Question No: 2 Which of the follow...
Question No: 1The overall (weighted average) cost of capital is composed of a weighted average of :a)The cost of common equity and the cost of debtb)The cost of common equity and the cost of preferred stockc)The cost of preferred stock and the cost of debtd)The cost of common equity, the cost of preferred stock, and the cost of debtQuestion No: 2Which of the...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.8 pounds of the material, S5 uses 3.7 pounds of the material, and G9 uses 6.8 pounds of the material. Demand for all products is strong, but only 46,600 pounds of material are available. Information about the selling price per unit and va...
0.2. In 2009, ExxonMobil (XOM) announced its intention to acquire XTO Energy for 541 billion. The acquisition provided ExxonMobil an opportunity to engage in the development of shale and unconventional natural gas resources within the continental United States. This acquisition added to ExxonMobil's existing upstream (exploration and development) a...
Option 1-$42.00 monthly fee plus $5.00/hour for court rental option 2-no monthly fee but$8.50/hour for court rental Let x=hour per month of court rental time write a mathematical model representing the total monthly cost, C, in terms of x for the following: option1 C= option2 C= How many hour would you have to rent the court so the monthly cost of option 1...
1. An auto-service establishment has estimated its monthly cost function as follows: TC = 6400 + 8 Q Where Q is the number of cars it services each months and TC represents its total cost. The firm is targeting $3,200 net monthly profit with an output target of servicing 3000 cars per month. a. Determine the firm’s markup ratio and the price it would have to...
Wallis Company manufactures only one product and uses a standard cost system. The company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. All of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. The predetermined overhead rate is based o...
Suggest a methodology to supplement the traditional methods for evaluating the capital investments of ExxonMobil in the emerging markets to reduce risk. Provide a rationale for your suggested methodology.
Julia can fix a meal in 1 hour, and her opportunity cost of one hour is $50. Jacque can fix the same kind of meal in 2 hours, and his opportunity cost of one hour is$20. Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals? Explain.
The cost of making money varies form coin to coin:Pennies: 0.8 cents eachNickels: 2.9 cents eachDimes: 1.7 cents eachQuarter: 3.7 cents eachHalf dollars: 7.8 cents each What is the cost of making $5.00 worth of each coin?
Johnson Corporation began 2018 with inventory of 22,000 units of its only product. The units cost $7 each. The company uses a periodic inventory system and the LIFO cost method. The following transactions occurred during 2018: Purchased 110,000 additional units at a cost of $12 per unit. Terms of the purchases were 2/10, n/30, and 100% of the purchases were...
the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an interest rate of 6%/year? And interest rate of 8%/year?