The following describes a scientific investigation.  Please read the text and then answer the questions that follow.   A research scientist was studying lizards.  The scientist wanted to know if lizards would run faster if they consumed more glucose.  All the lizards would be the same species.  The lizards would be fed crickets that would be injected with 0%, 5%, 10%, 15%, 20%, and 25% glucose.  The lizards would be fed in their housing, not while racing because you don’t want them to get sick.  The scientist made a lizard sized racetrack which included little infrared light beams connected to a computer.  When the lizards ran down the track a computer would record their time when they went through the lights.  The scientist found that lizards that ate crickets with 25% glucose ran the fastest (10 m/s).  Lizards that ate crickets with 5% glucose ran the slowest (2 m/s).  Lizards that ate crickets with 20% glucose ran (8 m/s), those that ate crickets with 15% glucose ran (6 m/s), and those that ate crickets with 10% glucose ran (4m/s).                                                                                                                                      (m/s = meters per second) A. Which is the dependent variable? B. Which is the independent (experimental) variable in this study?  

After conducting a market research study, Potter Products decided to produce an electric coffee pot to complement its line of kitchen products. It is estimated that the new coffee pot can be sold at a target price of $46. The annual target sales volume for the coffee pot is 300,000. Potter has target operating income of 18% of sales. What is the total target cost? 

What are your top three key takeaways from studying ACCT 311-Managerial and Cost Accounting? 

How would your answers to the above answers change if the terminal disposal value (before tax) of the proposal is $1,000 instead of 0?  a. Will the answer to NPV increase, decrease, or remain the same? b. Will the answer to Payback Period increase, decrease, or remain the same? c. Will the answer to IRR increase, decrease, or remain the same? d. Will the answer to AARR increase, decrease, or remain the same?

To compute Internal Rate of Return (IRR), please answer the below questions one by one: a. What is the computed Present Value Annuity Discount Factor (rounded to 3 decimal places)? b. What are the two neighboring Present Value Annuity Discount Factors from Appendix? c. What are the two discount rates corresponding to your answers in part b? d. Please write down the formula to calcute IRR as well as your final answer.

Advantages of using the full cost of the product as the cost base include all of the following except that: 

Activity-based-costing information: 

Mayan Potters manufactures two sizes of ceramic paperweights: (1) Regular and (2) Jumbo. The following is October data: Cost Pool Overhead Costs      Activity-cost driver (1) Regular Product Line Materials handling $45,000     90,000 orders 2,000 orders Materials handling $300,000     15,000 maintenance hours   1,000 maintenance hours Setups $270,000     45,000 setups 2,000 setups Inspections $105,000     21,000 inspections 2,000 inspections   Total support costs  $720,000         Mayan Potters uses an ABC system and assigns overhead costs based on the overhead activity information provided above. For October, Mayan’s controller assigned ________ indirect costs to the regular product line.

When deciding to purchase a new cutting machine or continue using the old machine, the following costs are relevant except the: 

How long is the Payback Period?