. Eclypso Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October is as follows: Work in process, October 1: Units (45% complete) 7,200 Direct materials $42,000 Direct labor $50,400 Overhead $14,400 During October, 38,400 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: Direct materials $144,000 Direct labor $192,000 Overhead $60,000 By October 31,3600 unit that were 85% complete remained in mixing department. Eclypso uses the weighted average method. Eclypso's cost of goods transfered to the molding department during october would be?
In: Accounting
"Welcome to Hudson Jewelers,” the Naples, Florida
jewelry store attendant said with a smile. “I’m Bill;
let me know if I can answer any questions you may have.” “I’m
browsing with my fiancé,” the customer
responded. “Oh! So, you two are getting married. Congratulations!
What’s your name?” as Bill extends
his hand to shake hands. “My name is Lilly and this is my husband
to-be, Lester. “Well, if you need my
help, please let me know,” Mr. Hudson said as he walked behind the
counter at about 1:30 pm. “Would
you like a glass of wine while you browse?” Mr. Hudson asked. “No,
thank you,” as Lester noticed for
the first time a small wine rack and comfortable leather chairs in
the back corner of the store. Lilly and
Lester continued looking at engagement rings, as Bill gave them
space.
After about ten minutes, Lester asked Mr. Hudson, “I noticed your
big high-definition television with that
beautiful wedding ring rotating. What is this?” “It is a 3D
software system that allows you to co-design
your own ring. You can pick out the diamond(s) and mount them on
any ring you want. Once the entire
ring is finalized our manufacturer will produce it.”
“Can we sit down and see how it works?” Lilly asked Mr. Hudson. The
three of them began to design a
prototype ring, with Mr. Hudson answering questions. Mr. Hudson and
Lilly were beginning to establish
a friendly relationship based on trust. All of the ring designs
could be stored on the computer for future
reference.
A diamond became a symbol of social status and wealth in India
about 3,000 years ago. De Beers, a
diamond mining and production company, began to market diamonds in
the 1900s with slogans like “A
diamond is a girl’s best friend,” and “A diamond is forever.” De
Beers’s advertisements promoted the
idea that those who do not buy diamond jewelry must not love their
partners as much as those who do.
One modern De Beers ad states, “She already knows you love her. Now
everyone else will, too.” A
century of advertising and branding, and billons of dollars in
industry advertisements, has made a
diamond a symbol of “eternal love.”
While Mr. Hudson and Lilly exchanged ideas about alternative ring
designs, Lester asked Mr. Hudson’s
daughter, Jasime, what was the time. “It’s 3 pm,” Jasime replied.
“Whew! I need a break,” Lester
responded as he stood up from his chair. Everyone laughed at
Lester’s comment as the clock kept
ticking. “OK, I’ll hurry,” Lilly said as she glanced at Lester.
Lester walked around the store for a few
minutes and then sat back down to reenter the “design your own
ring” conversation.
By 4 pm everyone was exhausted after discussing an array of ring
design questions, answers, and
‘what ifs’. However, Lester and Mr. Hudson now had a much better
idea of what Lilly wanted in an
engagement ring. Jasime had been listening to the three-way
discussion but decided not to join the
conversation at this time. Two ring designs were stored on the
computer. “I’ll have my daughter Jasime
work on these designs,” Mr. Hudson said. “I am good with the
software but my daughter is the CAD
expert. She will call our diamond and ring dealers and make sure
what we have designed can be
manufactured at your target price,” Mr. Hudson continued.
“Mr. Hudson,” Lester asked as he was walking toward the door, “Is
your inventory lower because of this
custom design capability?” Mr. Hudson replied with a positive nod,
“Yes, definitely. It is a high-risk
business to stock lots of diamonds and jewelry at the store. With
the 3D/CAD system, I think we do a
better job of matching our physical inventory to customer needs and
trends. We have less security,
loan, and insurance risk using CAD. We also see new trends that our
customers may want using CAD.
And the customers seem to enjoy designing their own unique
jewelry.” Exhibit 1.1 provides example
customer comments during one month.
In: Accounting
The equilibrium constant, Kc, for the following reaction is 10.5 at 350 K.
2CH2Cl2(g) ------CH4(g) + CCl4(g)
Calculate the equilibrium concentrations of reactant and products when 0.321 moles of CH2Cl2 are introduced into a 1.00 L vessel at 350 K.
[CH2Cl2] = ------------M
[CH4] = ------- M
[CCl4] = ------ M
In: Chemistry
An American multinational company is now considering two mutually exclusive alternatives for the environmental protection equipment at its manufacturing plant in the United Kingdom. One of these alternatives must be selected. The estimated cash flows for each alternative are listed in the below table.
| Alternative A | Alternative B | |
| Capital investment |
£ 20,000 |
£ 38,000 |
|
Annual expenses |
£ 5,500 | £ 4,000 |
| Market value at end of useful life | £ 1,000 | £ 4,200 |
| Useful | 5 years | 10 years |
Assume that the equipment will be needed indefinitely and the firm’s MARR relative to British pound (GBP) is 20% per year.
To compare which environmental protection equipment alternative is better, what assumption do you need to make (Repeatability assumption or Co-terminated assumption)? Hence, analyse which environmental protection equipment alternative should be selected? Use 4 decimal places of the compound interest factors to do the calculation. Show detailed steps of your analysis.
No more information the question provided. Sorry :(
In: Accounting
When companies offer new equity security issues, they publicize
the offerings in the financial press and on Internet sites. Assume
the following were among the equity offerings reported in December
2021:
| New Securities Issues | ||
| Equity | ||
| American Materials Transfer Corporation (AMTC)—7.5 million
common shares, $0.001 par, priced at $13.546 each through underwriters led by Second Tennessee Bank N.A. and Morgan, Dunavant & Co., according to a syndicate official. |
||
| Proactive Solutions Inc. (PSI)—Offering of 9 million common
shares, $0.01 par, was priced at $15.20 a share via lead manager Stanley Brothers, Inc., according to a syndicate official. |
||
Required:
Prepare the appropriate journal entries to record the sale of both
issues to underwriters. Ignore share issue costs. (If no
entry is required for a transaction/event, select "No journal entry
required" in the first account field. Enter your answers in whole
dollars.)
In: Accounting
James Company began the month of October with inventory of
$28,000. The following inventory transactions occurred during the
month:
The company purchased merchandise on account for $41,500 on October 12, 2018. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases. The merchandise was shipped f.o.b. shipping point and freight charges of $630 were paid in cash.
On October 31, James paid for the merchandise purchased on October 12.
During October, merchandise costing $19,950 was sold on account for $30,600.
It was determined that inventory on hand at the end of October cost $49,350.
Required:
1. Assuming that the James Company uses a periodic
inventory system, prepare journal entries for the above
transactions including the adjusting entry at the end of October to
record cost of goods sold.
2. Assuming that the James Company uses a
perpetual inventory system, prepare journal entries for the above
transactions.
In: Accounting
James Company began the month of October with inventory of
$16,000. The following inventory transactions occurred during the
month:
The company purchased merchandise on account for $23,500 on October 12, 2018. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases. The merchandise was shipped f.o.b. shipping point and freight charges of $510 were paid in cash.
On October 31, James paid for the merchandise purchased on October 12.
During October, merchandise costing $18,150 was sold on account for $28,200.
It was determined that inventory on hand at the end of October cost $21,390.
Required:
1. Assuming that the James Company uses a periodic
inventory system, prepare journal entries for the above
transactions including the adjusting entry at the end of October to
record cost of goods sold.
2. Assuming that the James Company uses a
perpetual inventory system, prepare journal entries for the above
transactions.
In: Accounting
A sample of 357 subscribers to Wired magazine shows the mean time spent using the Internet is 14.7 hours per week, with a sample standard deviation of 7.9 hours.
Find the 80% confidence interval for the mean time Wired subscribers spend on the Internet. (Round the final answers to 2 decimal places.)
The confidence interval is between and .
In: Statistics and Probability
A sample of 337 subscribers to Wired magazine shows the mean time spent using the Internet is 14.4 hours per week, with a sample standard deviation of 5.8 hours.
Find the 80% confidence interval for the mean time Wired subscribers spend on the Internet. (Round the final answers to 2 decimal places.)
The confidence interval is between and .
In: Statistics and Probability
In: Statistics and Probability