Room and board costs for selected schools are summarized in this distribution.

Costs (in dollars)	Frequency
3000.5-4000.5	5
4000.5-5000.5	6
5000.5-6000.5	18
6000.5-7000.5	24
7000.5-8000.5	19
8000.5-9000.5	8
9000.5-10,000.5	5

Find the approximate percentile rank of each of the following costs. a. 550024th b. 720067th c. 650048th d. 830088th

Giaro Boats manufactures a popular recreational vessel, the Revolution. To plan for expanded production and increased labor costs, the company carefully tracks current costs and income. The fixed cost to produce this boat is $\$ 108,000$ and the variable costs are $\$ 28,000$ per boat. If the Revolution sells for $\$ 40,000$, (a) find the profit function and (b) determine how many boats must be sold for the company to break even.

"Identifying agency problems, costs, and resolutions Explain why each of the following situations is an agency problem and what costs to the firm might result from it. Suggest how the problem might be handled short of firing the individual(s) involved.

b. Division managers are padding cost estimates so as to show short-term efficiency gains when the costs come in lower than the estimates."

Consider the following pairs of loan options for a $\$ 120,000$ mortgage. Calculate the monthly payment and total closing costs for each option. Explain which option you would choose and why.

Choice $1$: $30$-year fixed rate at $4 \%$ with no closing costs and no points

Choice $2$: $30$-year fixed rate at $3 \%$ with closing costs of $\$ 1200$ and $4$ points

Identify the error in the stated conclusion.

Given: There is a linear correlation between state average commuting times and state average commuting costs. Conclusion: There is a linear correlation between individual commuting times and individual commuting costs.

Listed below are costs (or discounts) to purchase or construct new plant assets. (1) Indicate whether the costs should be expensed or capitalized (meaning they are included in the cost of the plant assets on the balance sheet). (2) For costs that should be capitalized, indicate in which category of plant assets (Equipment, Building, or Land) the related costs should be recorded on the balance sheet.

1. Wages paid to train employees to use new equipment.
2. Invoice cost paid for new equipment.
3. Early payment discount taken on the purchase of new equipment.
4. Realtor commissions incurred on land purchased.
5. Property taxes on land incurred a year after the land was purchased.
6. Costs of oil for the truck used to deliver new equipment.
7. Costs to lay foundation for a new building.
8. Insurance on a new building during its construction.

Why are there conversion costs in both job order costing and process costing?

You are thinking of making your home more energy efficient by replacing some of the light bulbs with compact fluorescent bulbs, and insulating part or all of your exterior walls. Each compact fluorescent light bulb costs $4 and saves you an average of$2 per year in energy costs, and each square foot of wall insulation costs $1 and saves you an average of$0.20 per year in energy costs. Your home has 60 light fittings and 1,100 sq. ft. of uninsulated exterior wall. You can spend no more than $1,200 and would like to save as much per year in energy costs as possible. How many compact fluorescent light bulbs and how many square feet of insulation should you purchase? How much will you save in energy costs per year?

The length of a rectangular box is to be twice its width, and its volume is to be $30 \mathrm{ft}^{3}$. THe material for the base costs $30 \alpha / \mathrm{ft}^{2}$, the material for the sides costs $15c/ft^2$, and the martial for the top costs $20 \alpha / \mathrm{ft}^{2}$. Letting x denote the width of the box, find a function in the variable x giving the cost of constructing the box.

Aspen Company estimates its manufacturing overhead to be $625,000 and its direct labor costs to be$500,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $195,000. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of$325,000. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $130,000. Actual manufacturing overhead for year 2 was$825,000. Manufacturing overhead is applied based on direct labor costs.

Required
What was the over- or underapplied manufacturing overhead for year 2?

Which of the following would be true for a service company? a. ABC helps the company make more informed decisions about services. b. Service companies use only a few activities, so a plantwide overhead allocation is always appropriate. c. Most of the company's costs are for direct materials and direct labor. Indirect costs are a small proportion of total costs. d. All of the above are true.

Consider the following pairs of loan options for a $\$ 120,000$ mortgage. Calculate the monthly payment and total closing costs for each option. Explain which option you would choose and why.

Choice $1$: $30$-year fixed rate at $4 \%$ with closing costs of $\$ 1200$ and no points

Choice $2$: $30$-year fixed rate at $3.5 \%$ with closing costs of $\$ 1200$ and $2$ points

On a sheet of paper, use each of the given term in a sentence 'operating costs'

Contrast the cash-basis method and the accrual method of accounting for warranty costs.