ACC 255 CH 7-Practice Smokey Mountain Corp makes two types of hiking boots: the Xtreme and Pathfinder. For the current year, they had the following information: Xtreme Pathfinder Selling price $140 $99 Totals Units sold 20,000 80,000 100,000 Direct labor hours 40,000 80,000 120,000 Direct materials $1,440,000 $4,240,000 $5,680,000 Direct labor $480,000 $960,000 $1,440,000 Manufacturing overhead $1,980,000 The company has been using a traditional costing system with a plantwide overhead rate based on direct labor hours. They are creating an activity-based system and have developed the following cost pools and drivers Activity by Product Cost pools Cost drivers Overhead Xtreme Pathfinder Total Supporting direct labor Dir labor hours $783,600 40,000 80,000 120,000 Batch Setups # of Setups 495,000 200 100 300 Product-sustaining # of products 602,400 1 1 2 Other Unallocated 99,000 N/A N/A N/A Total manufacturing overhead $1,980,000 Instructions: a) Using the traditional costing system, calculate the predetermined overhead rate b) Also using the traditional costing system, calculate the product margins

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?