Labor Balancing. The Patriotic Doll Company manufactures two kinds of dolls: the Betsy Ross and the Gleorge Washington. The assembly process for each of these dolls requires two people. The assembly times are as follows:

Assembler 1 Assembler 2
Betsy Ross doll 6min 2 min
George Washington doll 3 min 4 min
Maximum hours available per day 8 8

The company policy is to balance workloads on all assembly jobs. In fact, management wants to schedule work so that no assembler will have more than thirty minutes more work per day than other assemblers. This means that in a regular eight-hour shift, all assemblers will be assigned at least 7 1/2 hours of work. If the firm makes a $2 profit for each George Washington doll and a $1 profit for each Betsy Ross doll, how many units of each doll should be produced per day? How much time will each assembler be assigned per day?

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.