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Interger, goal and nonlinear programming models
Problem 1: A cleaning crew currently spends 6 hours per house cleaning 8 houses everyday, for a profit of $15 per hour. The crew now wants to offer its services to other houses, as well as small professional offices. The crew believes it will take 7 hours to clean the office of a lawyer and that the profit for doing so will be $19 per hour. It will take 10 hours to clean a doctor's office and that the profit for doing so will be $25 per hour. The crew can make 120 hours of labor available per day and does not want to cancel any of its existing house contracts. What is the best mix of homes and offices to clean per day to maximize profit? Remember that your solution must be in whole numbers.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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