PROBLEM 2-21B Predetermined Overhead Rate; Disposition of Underapplied or Overapplied Overhead (LO1‚ LO7) CHECK FIGURE (2) Underapplied: $68‚600 Adriana Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year: Computer-hours
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Clydin Abigail C. Ramiro-Sapong July 22‚ 2013 Management Experience Fresh out of college I joined the family business and was tasked to set up the Human Resource Section of the then 30 year old organization. It was a baptism of fire since I had no previous HR experience. I had to learn from scratch‚ from finding out to what should be in the 201 files and how to file them‚ to re-orienting and training PRC regulated professionals
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Total manufacturing cost | | 123‚000 | | Add: Work in process‚ beginning | | 6‚000 | | | | 129‚000 | | Deduct: Work in process‚ ending | | 7‚500 | | Cost of goods manufactured | | $121‚500 | | | | | Problem 3-24 (60 minutes) 1. a. b. | Actual manufacturing overhead costs: | | | Insurance‚ factory | $ 7‚000 | | Depreciation of equipment | 18‚000 | | Indirect labor | 42‚000 | | Property taxes | 9‚000 | | Maintenance
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$ 65‚000 $180‚000 $245‚000 Costs Incurred $425‚000 $690‚000 $1‚115‚000 Total Costs to Account for: $490‚000 $870‚000 $1‚360‚000 Equivalent Units 7‚000 1‚740 Costs Per Equivalent Unit $70.00 $500.00 $570.00 Q3 – Problem 4-28 1. Analysis of Physical Flow of Units: Physical Units in beginning Work in Process: 50‚000 Add: Physical Units started 200‚000 Less: Physical Units completed & transferred out 190‚000 Equals: Physical units in ending Work in
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Section A (Part-1) Q1. It is a concept where goods are produced without taking into consideration the choices or tastes of customers. Answer. . Q2. It involves individuals who buys products or services for personal use and not for manufacture or resale. Answer. . Q3. It is groups of people who interact formally or informally influencing each other’s attitudes & behavior. Answer. . Q4. The concept of product that passes through various changes in total life is known as: Answer
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Problem One Cost Concepts and Cost Flow (8 points) The following information is from MM wooden bed Co. for September: Wood used in production Carpenters salary Factory supervisors salary Factory security guard and janitor salary Sales persons salary CEO and CFO salary Advertisement expense Depreciation of factory equipment Factory utilities Oil and lubricants for factory equipment‚ and other miscellaneous materials used in production Wood inventory‚ Sept. 1 Work-in-process inventory
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Group Communication Paper Team D BCOM 230 September 13‚ 2010 MEMO: To: Mrs. Johnson From: Team D Date: September 13‚ 2010 Re: Group Communication Mrs. Johnson I would like to start off by saying congratulations on your new manager position within the company. In your managerial position‚ you will have four employees who have worked with the company for a period of time. The employees have worked and communicated well with each other. Each person puts each others needs
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1) Suppose that an independent laboratory has tested trash bags and has found that no 30-gallon bags that are currently on the market have a mean breaking strength of 50 pounds or more. On the basis of these results‚ the producer of the new‚ improved trash bag feels sure that its 30-gallon bag will be the strongest such bag on the market if the new trash bag’s mean breaking strength can be shown to be at least 50 pounds. The mean of the sample of 40 trash bag breaking strengths in Table 1.9 is x=50
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5-5 Production Report‚ No Beginning Inventory Wantler Company Mixing Department ------------------------------------------------- Production Report for 2001 Unit Information Units to account for: Units in beginning WIP 0 Units started 75‚000 Units to account for 75‚000 Units accounted for: Equivalent Units Physical Direct Conversion Flow Materials Costs Units completed 75‚000 75‚000 75‚000 Units in ending WIP 12‚000
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rading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 7/20/2014 Time Spent: 1 h ‚ 53 min ‚ 10 secs Points Received: 85 / 90 (94.4%) Question Type: # Of Questions: # Correct: Multiple Choice 6 5 Essay 4 N/A Grade Details - All Questions Page: 1 2 Question 1. Question : (TCO F) Computing unit product costs involves averaging in: Job-Order Costing Process
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