Questions
1.Discuss one specific theorist and debate their theory of development: Kohlberg. 2.Prenatal Influences on Healthy Development:...

1.Discuss one specific theorist and debate their theory of development: Kohlberg.

2.Prenatal Influences on Healthy Development: Discuss the family adaptation to the newborn child.

3.The Infant & Early Childhood: Discuss the physical development in early childhood.

In: Nursing

Jane returned to work when her husband deserted her and their 2 sons. She is a...

Jane returned to work when her husband deserted her and their 2 sons. She is a bitter angry person but still tries to better herself by taking classes at a local college. She reads voraciously and watches movies that are easy to find since they are low on the Netflix queue.

Group of answer choices

late majority

innovator

early adopter

early majority

laggard

Kristina is elegant. Although in her 30's, she looks 21. She is self-assured, weight-conscious, and a trendy dresser. She and her wealthy husband visit new product blogs and forums and often attend product related forums, seminars, and special events.

Group of answer choices

innovator

early adopter

early majority

late majority

laggard

In: Economics

Please answer of the question ASAP!! You can just 2,3 sentences answer for each question. 2....

Please answer of the question ASAP!! You can just 2,3 sentences answer for each question.

2. How have Western views on early childhood development changed over the years?
3. How have non-Western perspectives on childhood differed from Western views?
4. How can a knowledge of early childhood development guide classroom interactions and curriculum planning?
5. How can an understanding of early childhood development guide the observation and identification of children with disabilities?
6. How can a knowledge of early childhood development promote an understanding and appreciation of diversity?
7. How can this knowledge guide advocacy and the shaping of public policy?
8. Why should professionals study child development from a multicultural perspective?

In: Psychology

Consider a lottery that pays to the winner an annuity of $350that begins immediately (an...

Consider a lottery that pays to the winner an annuity of $350 that begins immediately (an annuity due) and then annually in year 1 through year 11 with one exception. Because of high administrative costs associated with running the lottery, the payment in year 6, and only 6, is not $350 but $0. Using an interest rate of 7%, determine the present value of this cash flow stream.

In: Finance

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost...

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hours at a rate of $19 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $13,000 per month. The company’s policy is to end each month with direct materials inventory equal to 30% of the next month’s materials requirement. At the end of August the company had 3,180 pounds of direct materials in inventory. The company’s production budget reports the following.

Production Budget September October November
Units to be produced 4,700 6,600 6,100


(1)
Prepare direct materials budgets for September and October.
(2) Prepare direct labor budgets for September and October.
(3) Prepare factory overhead budgets for September and October.

Prepare direct materials budgets for September and October.

MCO Leather
Direct Materials Budget
For the Months of September and October
September October
Budgeted production (units)
Materials requirements per unit (lbs.)
Materials needed for production (lbs.) 0 0
Budgeted ending inventory (lbs.)
Total materials requirements (lbs.) 0 0
Budgeted beginning inventory (lbs.)
Materials to be purchased (lbs.) 0 0
Direct material cost per lb.
Total budgeted direct materials $0 $0
  • MCO Leather
    Direct Labor Budget
    For the Months of September and October
    September October
    Budgeted production (units)
    DL hours required per unit
    Total direct labor hours needed 0 0
    Direct labor rate per hour
    Total budgeted direct labor $0 $0
MCO Leather
Factory Overhead Budget
For the Months of September and October
September October
Total direct labor hours needed
VOH rate per DL hour
Budgeted variable overhead 0 0
Budgeted fixed overhead
Total budgeted factory overhead $0 $0

In: Accounting

P5-3B Presented here are selected transactions for Shaoshi Inc. during October of the current year. Shaoshi...

P5-3B
Presented here are selected transactions for Shaoshi Inc. during October of the current year. Shaoshi uses a perpetual inventory system.

Oct.   1

Purchased merchandise on account from Micron Ltd. at a cost of $86,000, terms 1/15, n/30, FOB shipping point.

1

Freight charges of $1,400 were paid by the appropriate party on the October 1 purchase of merchandise.

2

Returned for credit $4,000 of damaged goods purchased from Micron on October 1.

6

Purchased supplies for $2,800 cash.

8

Sold the remaining merchandise purchased from Micron to Guidant Corp. for $140,000 on account, terms 2/10, n/30, FOB destination.

9

Freight charges of $2,300 were paid by the appropriate party on the October 8 sale of merchandise.

10

Purchased equipment on account for $62,000.

12

Guidant returned damaged merchandise that was purchased on October 8 for a $3,500 credit on account. The merchandise originally cost $2,185 and was not restored to inventory.

15

Purchased merchandise for $36,300 cash.

17

Received the balance owing from Guidant.

28

Sold merchandise for $30,000 on account to Deux Ltée, terms 2/10, n/30, FOB shipping point. The merchandise had a cost of $18,000.

29

Freight charges of $750 were paid by the appropriate party on the October 28 sale of merchandise.

30

Paid Micron the balance owing.

31

Deux returned some of the merchandise that was purchased on October 28 for a $5,000 credit on account. The merchandise originally cost $3,000 and was restored to inventory.

Instructions

(a) Record the October transactions.

(b) Assume that Shaoshi took advantage of the 1% purchase discount offered by Micron Ltd. and paid Micron on October 14 rather than October 30. Record the entry that Shaoshi would make on October 14 and determine the cost of missing this purchase discount to Shaoshi.

Record and post purchase and sales transactions; prepare trial balance.

In: Accounting

Problem 2-44A Tombert Company is a manufacturer of computers. Its controller resigned in October 2016. An...

Problem 2-44A

Tombert Company is a manufacturer of computers. Its controller resigned in October 2016. An inexperienced assistant accountant has prepared the following income statement for the month of October 2016.

TOMBERT COMPANY
Income Statement
For the Month Ended October 31, 2016
Sales (net) $ 784,600
Less: Operating expenses
  Raw materials purchases $264,450
  Direct labour cost 190,900
  Advertising expense 89,300
  Selling and administrative salaries 74,450
  Rent on factory facilities 60,750
  Depreciation on sales equipment 44,700
  Depreciation on factory equipment 31,800
  Indirect labour cost 28,300
  Utilities expense 12,800
  Insurance expense 8,300 805,750
Net Loss $(21,150)


Prior to October 2016, the company had been profitable every month. The company’s president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information.

1. Inventory balances at the beginning and end of October were as follows:

October 1 October 31
Raw materials $17,500 $29,600
Work in process 16,500 14,500
Finished goods 30,900 45,700


2. Only 80% of the utilities expense and 51% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.

Calculate the following:

1. Prepare a schedule of the cost of goods manufactured for October 2016. (Round answers to 0 decimal places, e.g. 125.)

TOMBERT COMPANY
Cost of Goods Manufactured Schedule
For the Month Ended October 31, 2016

2.

Prepare a correct income statement for October 2016. (Round answers to 0 decimal places, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

TOMBERT COMPANY
Income Statement
For the Month Ended October 31, 2016

In: Accounting

Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses...

Work in Process Account Data for Two Months; Cost of Production Reports

Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process—Rolling on September 1 and debits to the account during September were as follows:

Bal., 800 units, 20% completed:

Direct materials (800 x $4.6) $ 3,680

Conversion (800 x 20% x $1.9) 304

$ 3,984

From Smelting Department, 18,320 units $86,104

Direct labor 23,764

Factory overhead 12,796

During September, 800 units in process on September 1 were completed, and of the 18,320 units entering the department, all were completed except 1,700 units that were 60% completed. Charges to Work in Process—Rolling for October were as follows:

From Smelting Department, 21,100 units $103,390

Direct labor 29,590

Factory overhead 15,938

During October, the units in process at the beginning of the month were completed, and of the 21,100 units entering the department, all were completed except 1,000 units that were 90% completed.

Required:

1. Enter the balance as of September 1 in a four-column account for Work in Process—Rolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If an amount box does not require an entry, leave it blank.

ACCOUNT Work in Process-Rolling Department ACCOUNT NO.

BALANCE

DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT

Sept. 1 Bal., 800 units, 20% completed

3,984

3,984

Sept. 30 Smelting Dept., 18,320 units at $4.7

86,104

Sept. 30 Direct labor

23,764

Sept. 30 Factory overhead

12,796

Sept. 30 Finished goods

Sept. 30 Bal., 1,700 units, 60% completed

If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent.

Pittsburgh Aluminum Company

Cost of Production Report-Rolling Department

For the Month Ended September 30

Whole Units Equivalent Units

Units Direct Materials (a) Conversion (a)

Units charged to production:

Inventory in process, September 1

Received from Smelting Department

Total units accounted for by the Rolling Department

Units to be assigned costs:

Inventory in process, September 1

Started and completed in September

Transferred to finished goods in September

Inventory in process, September 30

Total units to be assigned costs

Costs

Costs Direct Materials Conversion Total Costs

Cost per equivalent unit:

Total costs for September in Rolling Department $

$

Total equivalent units

Cost per equivalent unit (b) $

$

Costs assigned to production:

Inventory in process, September 1 $

Costs incurred in September

Total costs accounted for by the Rolling Department $

Costs allocated to completed and partially completed units:

Inventory in process, September 1 balance (c) $

To complete inventory in process, September 1 (c) $

$

Cost of completed September 1 work in process $

Started and completed in September (c) $

Transferred to finished goods in September (c) $

Inventory in process, September 30 (d)

Total costs assigned by the Rolling Department $

2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cost of production report, and present the October computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank.

ACCOUNT Work in Process-Rolling Department ACCOUNT NO.

Balance

DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT

October 1 Balance

October 31 Smelting Dept., 21,100 units at $4.9

October 31 Direct labor

October 31 Factory overhead

October 31 Finished goods

October 31 Bal., 1,000 units, 90% completed

If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent.

Pittsburgh Aluminum Company

Cost of Production Report-Rolling Department

For the Month Ended October 31

Whole Units Equivalent Units

Units Direct Materials (a) Conversion (a)

Units charged to production:

Inventory in process, October 1

Received from Smelting Department

Total units accounted for by the Rolling Department

Units to be assigned costs:

Inventory in process, October 1

Started and completed in October

Transferred to finished goods in October

Inventory in process, October 31

Total units to be assigned costs

Costs

Costs Direct Materials Conversion Total Costs

Cost per equivalent unit:

Total costs for October in Rolling Department $

$

Total equivalent units

Cost per equivalent unit (b) $

$

Costs assigned to production:

Inventory in process, October 1 $

Costs incurred in October

Total costs accounted for by the Rolling Department $

Costs allocated to completed and partially completed units:

Inventory in process, October 1 balance (c) $

To complete inventory in process, October 1 (c) $

$

Cost of completed October 1 work in process $

Started and completed in October (c)

Transferred to finished goods in October (c) $

Inventory in process, October 31 (d)

Total costs assigned by the Rolling Department $

3. The cost per equivalent unit for direct materials

from August to October. The cost per equivalent unit for conversion costs

from August to October. These changes

be investigated for their underlying causes, and any necessary corrective actions should be taken.

In: Accounting

Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses...

Work in Process Account Data for Two Months; Cost of Production Reports

Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process—Rolling on September 1 and debits to the account during September were as follows:

Bal., 400 units, 30% completed:

Direct materials (400 x $3.1)$ 1,240

Conversion (400 x 30% x $1.3)156

$ 1,396

From Smelting Department, 9,320 units$29,824

Direct labor8,672

Factory overhead4,670

During September, 400 units in process on September 1 were completed, and of the 9,320 units entering the department, all were completed except 700 units that were 90% completed. Charges to Work in Process—Rolling for October were as follows:

From Smelting Department, 10,700 units$36,380

Direct labor10,720

Factory overhead5,765

During October, the units in process at the beginning of the month were completed, and of the 10,700 units entering the department, all were completed except 500 units that were 60% completed.

Required:

1. Enter the balance as of September 1 in a four-column account for Work in Process—Rolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If an amount box does not require an entry, leave it blank.

ACCOUNTWork in Process-Rolling Department ACCOUNT NO.

BALANCE

DATEITEMPOST. REF.DEBITCREDITDEBITCREDIT

Sept. 1Bal., 400 units, 30% completed

Sept. 30Smelting Dept., 9,320 units at $3.2

Sept. 30Direct labor

Sept. 30Factory overhead

Sept. 30Finished goods

Sept. 30Bal., 700 units, 90% completed

If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent.

Pittsburgh Aluminum Company
Cost of Production Report-Rolling Department
For the Month Ended September 30

Whole UnitsEquivalent Units

Units Direct Materials (a)Conversion (a)

Units charged to production:   

Inventory in process, September 1  

Received from Smelting Department  

Total units accounted for by the Rolling Department  

Units to be assigned costs:   

Inventory in process, September 1

Started and completed in September

Transferred to finished goods in September

Inventory in process, September 30

Total units to be assigned costs


Costs

Costs Direct Materials Conversion Total Costs

Cost per equivalent unit:            

Total costs for September in Rolling Department $   $      

Total equivalent units          

Cost per equivalent unit (b) $   $      

Costs assigned to production:            

Inventory in process, September 1         $  

Costs incurred in September           

Total costs accounted for by the Rolling Department         $  

Costs allocated to completed and partially completed units:            

Inventory in process, September 1 balance (c)         $  

To complete inventory in process, September 1 (c) $   $     

Cost of completed September 1 work in process         $  

Started and completed in September (c) $        

Transferred to finished goods in September (c)         $  

Inventory in process, September 30 (d)         

Total costs assigned by the Rolling Department         $  

2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cost of production report, and present the October computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank.

ACCOUNTWork in Process-Rolling Department ACCOUNT NO.

Balance

DATEITEMPOST. REF.DEBITCREDITDEBITCREDIT

October 1Balance

October 31Smelting Dept., 10,700 units at $3.4

October 31Direct labor

October 31Factory overhead

October 31Finished goods

October 31Bal., 500 units, 60% completed

If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent.

Pittsburgh Aluminum Company
Cost of Production Report-Rolling Department
For the Month Ended October 31

Whole UnitsEquivalent Units

Units Direct Materials (a)Conversion (a)

Units charged to production:   

Inventory in process, October 1  

Received from Smelting Department  

Total units accounted for by the Rolling Department  

Units to be assigned costs:   

Inventory in process, October 1

Started and completed in October

Transferred to finished goods in October

Inventory in process, October 31

Total units to be assigned costs


Costs

Costs Direct Materials Conversion Total Costs

Cost per equivalent unit:            

Total costs for October in Rolling Department $   $      

Total equivalent units          

Cost per equivalent unit (b) $   $      

Costs assigned to production:            

Inventory in process, October 1         $  

Costs incurred in October           

Total costs accounted for by the Rolling Department         $  

Costs allocated to completed and partially completed units:            

Inventory in process, October 1 balance (c)         $  

To complete inventory in process, October 1 (c) $   $     

Cost of completed October 1 work in process         $  

Started and completed in October (c)         

Transferred to finished goods in October (c)         $  

Inventory in process, October 31 (d)         

Total costs assigned by the Rolling Department         $  

3. The cost per equivalent unit for direct materials   from August to October. The cost per equivalent unit for conversion costs   from August to October. These changes   be investigated for their underlying causes, and any necessary corrective actions should be taken.

In: Accounting

Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum,...

Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process—Rolling on September 1 and debits to the account during September were as follows:

Bal., 1,000 units, 30% completed:

Direct materials (1,000 x $5) $ 5,000

Conversion (1,000 x 30% x $2.1) 630

$ 5,630

From Smelting Department, 24,000 units $122,400

Direct labor 34,978

Factory overhead 18,834

During September, 1,000 units in process on September 1 were completed, and of the 24,000 units entering the department, all were completed except 2,400 units that were 90% completed. Charges to Work in Process—Rolling for October were as follows:

From Smelting Department, 27,600 units $146,280

Direct labor 40,840

Factory overhead 21,996

During October, the units in process at the beginning of the month were completed, and of the 27,600 units entering the department, all were completed except 1,300 units that were 60% completed.

Required:

1. Enter the balance as of September 1 in a four-column account for Work in Process—Rolling. Record the debits and the credits in the account for September. Construct a cost of production report and present computations for determining (a) equivalent units of production for materials and conversion, (b) costs per equivalent unit, (c) cost of goods finished, differentiating between units started in the prior period and units started and finished in September, and (d) work in process inventory. If an amount box does not require an entry, leave it blank.

ACCOUNT

Work in Process-Rolling Department

ACCOUNT NO.

BALANCE

DATE

ITEM

POST. REF.

DEBIT

CREDIT

DEBIT

CREDIT

Sept. 1 Bal., 1,000 units, 30% completed   

Sept. 30 Smelting Dept., 24,000 units at $5.1

Sept. 30 Direct labor

Sept. 30 Factory overhead   

Sept. 30 Finished goods

Sept. 30 Bal., 2,400 units, 90% completed   

If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent.

Pittsburgh Aluminum Company

Cost of Production Report-Rolling Department

For the Month Ended September 30

Whole Units

Equivalent Units

Units

Direct Materials (a)

Conversion (a)

Units charged to production:

Inventory in process, September 1   

Received from Smelting Department   

Total units accounted for by the Rolling Department   

Units to be assigned costs:

Inventory in process, September 1   

Started and completed in September   

Transferred to finished goods in September   

Inventory in process, September 30   

Total units to be assigned costs   

Costs

Costs

Direct Materials

Conversion

Total Costs

Cost per equivalent unit:

Total costs for September in Rolling Department $ $

Total equivalent units

Cost per equivalent unit (b) $ $

Costs assigned to production:

Inventory in process, September 1 $

Costs incurred in September   

Total costs accounted for by the Rolling Department $

Costs allocated to completed and partially completed units:

Inventory in process, September 1 balance (c) $

To complete inventory in process, September 1 (c) $ $   

Cost of completed September 1 work in process $

Started and completed in September (c) $

Transferred to finished goods in September (c) $

Inventory in process, September 30 (d)   

Total costs assigned by the Rolling Department $

2. Provide the same information for October by recording the October transactions in the four-column work in process account. Construct a cost of production report, and present the October computations (a through d) listed in part (1). If an amount box does not require an entry, leave it blank.

ACCOUNT

Work in Process-Rolling Department

ACCOUNT NO.

Balance

DATE

ITEM

POST. REF.

DEBIT

CREDIT

DEBIT

CREDIT

October 1 Balance

October 31 Smelting Dept., 27,600 units at $5.3

October 31 Direct labor

October 31 Factory overhead   

October 31 Finished goods

October 31 Bal., 1,300 units, 60% completed

If an amount is zero, enter in a zero "0". Round cost per unit answers to the nearest cent.

Pittsburgh Aluminum Company

Cost of Production Report-Rolling Department

For the Month Ended October 31

Whole Units

Equivalent Units

Units

Direct Materials (a)

Conversion (a)

Units charged to production:

Inventory in process, October 1   

Received from Smelting Department   

Total units accounted for by the Rolling Department   

Units to be assigned costs:

Inventory in process, October 1   

Started and completed in October   

Transferred to finished goods in October   

Inventory in process, October 31   

Total units to be assigned costs   

Costs

Costs

Direct Materials

Conversion

Total Costs

Cost per equivalent unit:

Total costs for October in Rolling Department $ $

Total equivalent units

Cost per equivalent unit (b) $ $

Costs assigned to production:

Inventory in process, October 1 $

Costs incurred in October   

Total costs accounted for by the Rolling Department $

Costs allocated to completed and partially completed units:

Inventory in process, October 1 balance (c) $

To complete inventory in process, October 1 (c) $ $   

Cost of completed October 1 work in process $

Started and completed in October (c)   

Transferred to finished goods in October (c) $

Inventory in process, October 31 (d)   

Total costs assigned by the Rolling Department $

3. The cost per equivalent unit for direct materials  

from August to October. The cost per equivalent unit for conversion costs  

from August to October. These changes  

be investigated for their underlying causes, and any necessary corrective actions should be taken.

In: Accounting