Mr. William Profit is studying companies going public for the first time. He is particularly interested in the relationship between the size of the offering and the price per share. A sample of 15 companies that recently went public revealed the following information. SizePrice SizePrice
($ millions),per Share, ($ millions),per Share,
CompanyXYCompanyXY
19.0 10.8 9 160.7 11.3
294.4 11.3 10 96.5 10.6
327.3 11.2 11 83.0 10.5
4179.2 11.1 12 23.5 10.3
571.9 11.1 13 58.7 10.7
697.9 11.2 14 93.8 11.0
793.5 11.0 15 34.4 10.8
870.0 10.7
(a) Determine the regression equation. (Round your answers to 4 decimal places.)
(b-1) State the decision rule for .05 significance level: H0:? ? 0 H1:? > 0. (Round your answer to 3 decimal places.)
(b-2) Compute the value of the test statistic. (Round your answer to 2 decimal places.)
(b-3) Can we conclude that the slope of the regression line is positive? Use the .05 significance level.
(c)Determine the coefficient of determination. (Round your answer to 4 decimal places.)

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?

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