Several years after reengineering its production process, Biltmore Corporation hired a new controller, Rachael Johnson. She developed an ABC system very similar to the one used by Biltmore's chief rival, Westriver. Part of the reason Johnson developed the ABC system was because Biltmore's profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, Biltmore had used a plantwide overhead rate based on direct labor hours that was developed years ago.

For the upcoming year, Biltmore's budgeted ABC manufacturing overhead allocation rates are as follows:

Activity Allocation Base Activity Cost Allocation Rate

Materials handling Number of parts $ 3.84 per part

Machine setup . Number of setups $330.00 per setup

Insertion of parts Number of parts $ 30.00 per part

Finishing Finishing direct labor hours $ 54.00 per hour

The number of parts is now a feasible allocation base because Biltmore recently installed a plantwide computer system. Biltmore produces two wheel models: Standard and Deluxe. Budgeted data for the upcoming year are as follows:

Standard Deluxe

Parts per wheel . 6.0 8.0

Setups per 1,000 wheels . 20.0 20.0

Finishing direct labor hours per wheel 1.2 3.3

Total direct labor hours per wheel 2.0 3.3

The company's managers expect to produce 1,000 units of each model during the year.

QUESTIONS

1.ı Compute the total budgeted manu facturing overhead cost for the upcoming year.

2.ı Compute the manufacturing overhead cost per wheel of each model using ABC.

3.ı ComputeBiltmore' rate. Usethisrateto determine the manufacturing overhead cost per wheel under the traditional system.

Which is a false statement considering copyright law? a. when people upload something to the internet they automatically receive a copyright for the work b. the work does not have to contain a copyright notice to be considered having a copyright c. copyright is legal term describing rights given to the creators for literary and artistic works d. personal pictures are always covered by copyrights

For a typical middle-income family, what is the estimated cost of raising a child to the age of 18? $145,500 $245,340 $304,340 $455,500

Create a class hand in its own module. one object of class hand represents a hand of cards and so one object stores a number of card objects. for this assignment you will submit three separate modules, one with the definition of class card, one with the definition of class hand and one with the main application that thoroughly tests class hand.class hand must contain the following four methods: 1) , numcardsinhand) takes an integer as parameter and initializes a hand object with numcardsinhand card objects inside it. these card objects are generated randomly. for simplicity, assume an infinite number of decks of cards.2) bjvalue(self) returns the blackjack value for the whole hand of cards3) ) returns a string containing all the cards in the hand4) hitme(self) adds one randomly generated card to the handcreate a main program in its own module that thoroughly tests class hand. you will have three modules/files to upload to your etudes assignment submission: card.py, hand.py and the module that contains your main program.two alternatives for extra credit - you cannot get credit for both! (+1 point): after you have thoroughly tested the class hand and all of its methods, add code to your main program that stores one hand object as a pickle file and reads it back into a new hand object. you are only eligible for this extra credit if class hand has all four of the methods above working.or(+2 points): after you have thoroughly tested the class hand and all of its methods, add code to your main program that stores one hand object as a text file on the disk and reads it back into a new hand object. you are only eligible for this extra credit if class hand has all four of the methods above working.notes: -start by making any and all modifications suggested by my comments to your previous submission of class card from assignment #6 "a robust card object"-once your class card is tested and working well, you will not make any further modifications to it for the purposes of class hand.-you can keep the test code for class card intact. if it is indented inside an if __name__ == "__main__", then it will not be executed when your main program's module imports it.-to save time, write and test one method for class hand at a time.-under no circumstances are you to attempt the extra credit until you are completely finished with writing and testing all the methods in class hand.