Morris, age 4, is having lunch with his mother and sister. H…

Morris, age 4, is having lunch with his mother and sister. His mother pours milk into the shorter, fatter glass in front of Morris and an equal amount into a slender, taller glass in front of Morris’s sister. Morris complains that his sister got more milk than he did, and even when his mother tries to explain that they both got the same amount, Morris insists he is right. In this example, Morris is demonstrating a lack of development in the area of __________.

Jax Co. makes archery targets that normally sell for $130. A…

Jax Co. makes archery targets that normally sell for $130. A local youth archery organization has approached Jax about making a special order of 300 customized archery targets. The cost per unit to make the targets would be: direct materials – $[dm]; direct labor $[dl]; and manufacturing overhead $[moh], including $[vmoh] of variable manufacturing overhead. If the company has sufficient available manufacturing capacity, what is the minimum price that Jax can accept for this special order?   

Flounder Kayak Co. manufactures a fishing kayak, a tandem ka…

Flounder Kayak Co. manufactures a fishing kayak, a tandem kayak, an ocean kayak and an inflatable kayak. Data on sales and expenses for the past quarter follow: Fishing Tandem Ocean Inflatable ​ Kayaks Kayaks Kayaks Kayaks Sales $120,000 $110,000 $30,000 $30,000 Variable manufacturing expenses 50,000 67,000 16,000 23,000 Contribution Margin 70,000 43,000 14,000   7,000 Fixed Expenses ​ ​ ​   Advertising, traceable 7,000 10,000 5,000 2,000   Depreciation of special equipment 4,000 6,000 7,000 2,000   Insurance on inventories 8,000 8,000 3,000 1,000   Allocated common fixed expenses* 12,000 11,000 3,000 3,000 Total fixed expenses 31,000 35,000 18,000 8,000 Net Operating income (loss) $39,000 $8,000 ($4,000) ($1,000) *Allocated on the basis of sales dollars ​ ​ ​ Management is concerned about the continued losses shown by the ocean kayaks and inflatable kayaks product lines and is considering discontinuing those product lines. The special equipment used by each product line to produce kayaks has no resale value.What is the financial advantage (disadvantage) per quarter of discontinuing the Inflatable Kayaks?

XYZ Corp. makes three different types of sails for sailboats…

XYZ Corp. makes three different types of sails for sailboats. Data concerning the three types of sails appear below:   Main Jib Genoa Selling price per unit $ 2,200 $ 1,200 $ 4,000 Variable cost per unit $ 900 $ 400 $ 2,700 Sewing machine time per unit (in  minutes)   40   40   75 Square feet of fabric per unit 20 7 40 Packing machine time per unit (in minutes) 10 3 8 Assuming that available time on the company’s sewing machines is the constraint, which type of sail should the company produce first to make the best use of the sewing machine time?