Avid Assemblers uses normal job-order costing to assign costs to products. The company assembles and packages 25 different products according to customer specifications. Products are worked on in batches of 20 to 40 units. Each batch is given a job number. On October 1, the company had the following balances:

Work in process consisted of the following jobs:

Finished goods consisted of Job 23, with the following costs:

Shown below are the direct cost data related to jobs started in October:

Other information:

·                1.Direct materials and direct labour added to beginning work in process in October were as follows:

·                2.Overhead is applied at a predetermined rate based on the direct labour cost.

·                3.Actual expenses for October were as follows:

·                4.Purchases of direct materials (raw materials) during October amounted to $28,500. Indirect materials (supplies) are handled in a separate account.

·                5.Only Jobs 27 and 28 are still in process at closing on October 31. Finished goods consisted only of Job No. 25 at month end.

·                6.Avid writes off any under- and over-applied overhead to Cost of Goods Sold in the month in which it is incurred.

Instructions

a.  Calculate the predetermined overhead rate used by Avid to apply overhead to jobs.

b.  Calculate the unit cost of Job No. 24 in October.

c.  Calculate the October 31 balances for the following inventory accounts.

·       1.Raw Materials

·       2.Work in Process

·       3.Finished Goods

d.  What is the cost of goods manufactured in October? (You do not have to prepare a statement.)

e.  Determine the under- or over-applied overhead for October and prepare the journal entry to dispose of this amount.

One of the major problems in Latin America in the 1980s was according to some economists, the wager igidity. The wages were not falling down fast enough when economic conditions were demanding such a fall according to those economists. What could be a remedy those economists might have suggested to
decrease the wage rigidity?

2.         Explain the roundabout way to wealth in your own words.

3.         You hear a commentator say: “If you want to know the impact of trade on America, just look at all the formerly prosperous manufacturing towns, with factory closings and economic decline.”    Is this a good way to assess the impacts of trade for the country? Explain.

1. What were some of the factors that contributed to women's inferior status in Western European society? Discuss at least two examples.

2. Describe the challenges that English colonial women experienced upon settling in North America. Discuss at least three examples from day-to-day life in your response.

Illustration Capsule 11.2 [page 337] provides a sampling of motivational tactics employed by several prominent companies (many of which appear on Fortune's List of the 100 best companies to work for in America). Discuss how rewards at SAS, Salesforce.com, DPR Construction, and Hilcorps aid in the strategy execution efforts of each company.

1. Explain what scientists have discovered regarding the major adaptations associated with each of the following transformational stages or "steps" in our evolutionary history. (refer to lecture and video notes, course texts, handouts, "Your Inner Fish" video series, and onlikine resources to complete this assignment.)

Please write each answer with long sentences

- Earliest Hominins (from the Late Miocene and Early Pliocene, ex. Sahelanthropus tchandensis, Ardipithecus ramidus)

- Early hominins of the Australopithecus group (ex. Australopithecus afarensis, Kenyanthropus platyops, Au. garhi, Au. africanus, Au. sediba, Paranthropus robustus, Paranthropus boisei)

- Earliest member sof the genus Homo (ex. Homo habilis, Homo rudolfensis)

- Early hunting and gathering hominins (ex. Homo ergaster, Homo erectus)

- Hunting and gathering hominins that controlled fire (ex. Homo heidelbergensis)

Thank you

On October 1, 2018, Mong Company borrowed $5 million from its bank under a 9-month note payable which required interest at 4%.  Prepare the Journal Entries required on October 1 for the borrowing; on December 31 to accrue interest; and on June 30, 2019 to pay off the note.

A healthcare researcher wants to know if taking flu shot in October prevents flu from Dec -March. If the researcher uses 5% probability for rejection, can it be concluded that flu shot is effective.

On 1 September 2019, Mike Co. signed a 12% six-month note receivable in settlement of accounts receivable of €320,000. The note and interest are all due at maturity.

1. Prepare the entry on 1 September 2019 made by Mike Co. to record the receipt of this note receivable. (5 points)
2. Prepare the 31 December 2018 (fiscal year-end), adjusting entry made by Mike Co. with regard to this note receivable. (5 points)
3. Prepare the entry made by Mike Co. on 1 March 2020 (maturity date of note), to record collection of note and interest. (5 points)
4. Assume that on 1 March 2020, the maker of the note defaults and Mike Co. does not collect the note and interest. Explain what Mike Co. would do in accounting records in this situation. (5 points)

Nabrich-co wants to buy a pipeline for oil transportation after nine years.
The current cost of the pipeline is $200,000. Inflation rate is 5%. Nabrich-co currently has $15,000 in a bank account that pays an interest rate of 14% compounded semiannually. Nabrich-co wants to save on a semiannually basis from now until the day it buys the pipeline.

1. Compute the amount Nabrich-co has to save semiannually.

2. After four years, nabrich-co decided to buy a pump. The current cost of the pump is $30,000. The company also discovered that it needs the pipeline earlier. Both the pump and the pipeline will be bought in two years (end of year 6) Nabrich-co decided to continue its saving on a quarterly basis in the bank account that now pays 12% interest compounded quarterly. How much should the quarterly payments be?