Pioncorp is a company which produces medical supplies. Product x is a new tool used developed to be used in brain surgery. Every unit of product is inspected before dispatch to medical facilities and other customers. To make sure the products meet already established quality standards. The following data has been collected about product x for 2018 and 2019 Analysis
1. How did Pioncorp arrive at the quality standard for its product?

Synthesis
2. Are there other ways of arriving at quality standards beside the one you mentioned in (1) above?

Interpretation
3. Do you think the management of Pioncorp should be worried about the data relating to the production of Product x?

2018
2019
Total output
2000
2350
% defective
%
%
Number of product x returned by customers as faulty
5
4

Problem solving
5. How do you think Pioncorp can reduce the number of defective products

In which of the following situations would the price of a good be most likely to increase? a. a breakthrough in productive technology enables a company to increase its output. b. an increase in production costs results from a rise in wages. c. there's a sudden increase in the number of companies competing to sell the good. d. a drop in demand happens too quickly for producers to decrease production to keep up.

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?