QUESTION 5
Nii Limited manufactures three products called SI, MI, and LAR. The information given below
relates to the month of October, 2011.
Product
Quantity
Price/Unit
(Units)
(GH₵)
Sales:
SI
1200
80
MI
2400
96
LAR
1800
112
Materials used in the company’s
Products:
Material
MA
MB
MC
Unit cost
GH₵ 3
GH₵ 5
GH₵ 8
Quantity used in:
MA
MB
MC
(Units)
(Units)
(Units)
Product SI
5
3
1
Product MI
4
4
3
Product LAR
3
2
2
Finished stocks:
Product (SI)
Product (MI)
Product (LAR)
(Units)
(Units)
(Units)
Quantities:
1
st October
1200
1800
600
31st October
1320
1980
660
Page 7 of 8
Material stocks:
MA
MB
MC
(Units)
(Units)
(Units)
1
st October
31,200
24,000
14,400
31st October
37,440
28,800
17,280

Required:
(a) Prepare the following functional budgets for the month of October 2012 for
(i)
Sales in quantity and value, including total value
(ii)
Production quantities
(iii)
Material usage in quantities
(iv)
Material purchases in quantities and value, including total value.
(b) Explain the term ‘Principal budget factor’ as used in budgeting control and give three (3) examples from a financial institution.

E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4]

Amber Company produces iron table and chair sets. During October, Amber’s costs were as follows:

Required:
1. Calculate the total cost of purchases for October.



2. Compute the direct materials price variance based on quantity purchased. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)



3. Calculate the direct materials quantity variance based on quantity used. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)



4. Compute the standard direct labor rate for October. (Round your answer to 2 decimal places.)



5. Compute the direct labor efficiency variance for October. (Round your intermediate calculation to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)

The unadjusted trial balance for Riverbed Corp. is shown below.

Assume the following adjustment data.

Prepare the adjusting entries for the items above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

5.

E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4]

Amber Company produces iron table and chair sets. During October, Amber’s costs were as follows:

Required:
1. Calculate the total cost of purchases for October.



2. Compute the direct materials price variance based on quantity purchased. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)



3. Calculate the direct materials quantity variance based on quantity used. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)



4. Compute the standard direct labor rate for October. (Round your answer to 2 decimal places.)



5. Compute the direct labor efficiency variance for October. (Round your intermediate calculation to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)

Preston Company manufactures car seats in its San Antonio plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department.

Degree of​ completion: direct​ materials, ?%; conversion​ costs, 60​%.

Degree of​ completion: direct​ materials, ?%; conversion​ costs, 75​%.

Problem 1-04A Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, the company decided to prepare an income statement, retained earnings statement, and balance sheet using the following information. Accounts payable $ 3,700 Supplies $ 2,650 Interest expense 350 Supplies expense 360 Equipment (net) 48,000 Depreciation expense 260 Salaries and wages expense 2,800 Service revenue 19,540 Bonds payable 21,800 Salaries and wages payable 590 Unearned service revenue 4,190 Common stock 9,900 Accounts receivable 1,450 Interest payable 150 Cash 4,000 Using the information, answer the following questions. Prepare an income statement for the month of October 2022. SKYSONG INC. Income Statement choose the accounting period select an opening name for section one enter an income statement item $ enter a dollar amount select an opening name for section two enter an income statement item $ enter a dollar amount enter an income statement item enter a dollar amount enter an income statement item enter a dollar amount enter an income statement item enter a dollar amount select a closing name for section two enter a subtotal amount for section two select a closing name for this statement $ enter a total net income or loss amount Show List of Accounts Link to Text Prepare a retained earnings statement for the month of October 2022. SKYSONG INC. Retained Earnings Statement choose the accounting period select an opening name $ enter a dollar amount select between addition and deduction : select an item enter a dollar amount select a closing name $ enter a total amount Show List of Accounts Link to Text Prepare a balance sheet as of October 31, 2022. (List assets in order of liquidity.) SKYSONG INC. Balance Sheet enter an accounting period Assets enter a balance sheet item $ enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for the first part of the balance sheet $ enter a total amount for the first part of the balance sheet Liabilities and Stockholders' Equity select an opening name for section one enter a balance sheet item $ enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for section one $ enter a subtotal of the two previous amounts select an opening name for section two enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for section two enter a subtotal of the two previous amounts select a closing name for the second part of the balance sheet $ enter a total amount for the second part of balance sheet Click if you would like to Show Work for this question: Open Show Work Show List of Accounts Link to Text

7. You have identified a new species of nematode that you are interested in studying and understanding its early development. In particular, you want to know if the same factors responsible for establishing early differences between cells are the same between this nematode and C. elegans. You decide to take the approach of a genetic screen. Note: you find that these worms ARE NOT hermaphrodites and instead, males and females mate to produce offspring. Assume all genes you are studying exhibit normal Mendelian ratios of inheritance.

1. [2pts] Given what is known about early development in C. elegans (and most other organisms we discussed in class) what type of screen would you need to do

(Maternal Effect screen or Zygotic effect screen)

1- Which of the following would be appropriate actions following transcutaneous pacing?

Consult a specialist.

Follow VT/VF algorithm

Administer amiodarone.

Confirm ET tube placement with quantitative waveform capnography.

2- What reason is NOT valid during the critical early defibrillation for individuals experiencing sudden cardiac arrest?

Individuals in asystole respond well to early defibrillation.

A common initial rhythm in out-of-hospital witnessed sudden cardiac arrest is ventricular fibrillation (VF).

The most effective treatment for ventricular fibrillation (VF) is electrical defibrillation.

The probability of successful defibrillation decreases quickly over time.

3-The best treatment for ST-elevation MI (STEMI) is:

Epinephrine and vasopressin

Early reperfusion therapy

Lidocaine and magnesium

Rapid transfusion

Would the following groups benefit if the US dollar appreciated? Yes or No. Explain.

1. Dutch pension funds holding US government bonds.

2. US manufacturing industries.

3. Australian tourists planning a trip to the US.

4. An American firm trying to purchase property overseas.

5. American tourists planning a trip to London.