Use a Modern Software Tool to Perform Statistical Calculations -What Is the Net Production at the End of the the Table

question 15

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) using the standard Solver. Below is the spreadsheet for Memphis Designs fixed cost model: $\begin{array}{|l|c|c|c|c|}\hline & \mathrm{A} & \mathrm{B} & \mathrm{C} & \mathrm{D} \\\hline 1 &{\text { Memphis Design Fixed Cost Model }} & & \\\hline 2 & & & & \\\hline 3 & \text { Data } & \\\hline 4 & & \\\hline 5 & \text { Cost } & \text { Quarter 1 } & \text { Quarter 2 } & \text { Quarter 3 } \\\hline 6 & \text { Production } & \$ 10.00 & \$ 15.00 & \$ 13.50 \\\hline 7 & \text { Inventory } & \$ 1.70 & \$ 1.70 & \$ 1.70 \\\hline 8 & \text { Demand } & 200 & 450 & 75 \\\hline 9 & \text { Fixed Cost } & \$ 75.00 & \$ 75.00 & \$ 75.00 \\\hline 10 & \\\hline 11 & \text { Model } \\\hline 12 & \\\hline 13 & & \text { Quarter 1 } & \text { Quarter 2 } & \text { Quarter 3 } \\\hline 14 & \text { Production } & & & \\\hline 15 & \text { Inventory } \\\hline 16 & \text { Binary } \\\hline 17 & \\\hline 18 & \text { Binary constraints } \\\hline 19 & \text { Net Production } \\\hline 20 & & \\\hline 21 & & \text { Cost } \\\hline 22 & \text { Total } & \\\hline\end{array}$
-What is the net production at the end of the third quarter?

• A) 75
• B) 200
• C) 450
• D) 600

Know the adjustments for non-operating expenses and non-cash transactions in preparing cash flows from operating activities.

Differentiate between the direct and indirect methods of reporting cash flows.

Understand the composition and structure of the statement of cash flows, including the classification of activities.

Identify the different items that do not belong on the statement of cash flows.

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Definitions:

Machine Hours

A measure used in costing to allocate costs based on the number of hours a machine is operated.

Direct Labor Hours

A measure of the total hours worked directly on producing goods, typically used in manufacturing and cost accounting.

Departmental Overhead Rate

A method used to allocate indirect costs to specific departments based on their respective activities or usage.

Cutting Department

A division in manufacturing where materials are cut to size or shape before moving to the next production phase.