1. What was the Embargo Act of 1807? Why do you think President Jefferson and others thought it was necessary to sign this act into law?

2. What similarities between the Embargo Act and the current economic tension between the U.S. and China do you see? How do they differ?

3. What lessons can we take from the failed Embargo Act as the threat of a trade war looms near?

(a) In a dropping mercury electrode (dme), a new measurement is made on each drop. The drop size can be controlled by the diameter of the capillary which feeds the dme. Discuss advantages and disadvantages of using a small drop vs. a large drop.
(b) Discuss the differences between the hydrodynamic boundary layer and the diffusion boundary layer near the surface of a rotating disk electrode.
(c) Discuss advantages and disadvantages of linear vs. cyclic voltammetry.

Ferris Company began January with 6,000 units of its principal product. The cost of each unit is $9. Merchandise transactions for the month of January are as follows:

* Includes purchase price and cost of freight.

8,000 units were on hand at the end of the month.

5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.)

Sam's Souvenirs, Inc. sells souvenirs for $25 each. Sam's pays rent of $165 per month. Its raw materials cost $9 and its direct labor costs $6 for each souvenir. Two of Sam's recent electrical utility bills were as follows:

a. What is the mixed cost based on the Electricity Utility Bill data?

b. What is the fixed portion of mixed cost?  

c. What is the variable portion of mixed cost? $2

d. What is the total fixed cost? $200

e. What is the total variable cost? $17

f. What is her breakeven point, in number of tricycles (per month)? 25

Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories.

a. Compute the direct material costs.

b. Compute the direct labor cost.

c. Compute the manufacturing overhead.

d. Compute the total manufacturing cost.

e. Compute the prime cost.

f. Compute the conversion cost.

g. Compute the total period cost.

Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories.

a. Compute the direct material costs.

b. Compute the direct labor cost.

c. Compute the manufacturing overhead.

d. Compute the total manufacturing cost.

e. Compute the prime cost.

f. Compute the conversion cost.

g. Compute the total period cost.

1. Perpetual Inventory Using LIFO

   Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows:

   Inventory		Purchases		Sales
   May 1	4,000 units at $21	May 10	2,000 units at $23	May 12	2,800 units
   		May 20	1,800 units at $25	May 14	2,400 units
   				May 31	1,200 units

   a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

   Schedule of Cost of Merchandise Sold
   LIFO Method
   Prepaid Cell Phones
   Date	Quantity Purchased	Purchases Unit Cost	Purchases Total Cost	Quantity Sold	Cost of Merchandise Sold Unit Cost	Cost of Merchandise Sold Total Cost	Inventory Quantity	Inventory Unit Cost	Inventory Total Cost
   May 1								$	$
   May 10		$	$
   May 12					$	$
   May 14
   May 20
   May 31
   May 31	Balances					$			$

   b. Based upon the preceding data, would you expect the inventory to be higher or lower using the first-in, first-out method?
   

Check My Work

Problem 21-2A Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2017 are presented below. Production Data June Beginning work in process units 0 Units started into production 24,420 Ending work in process units 2,220 Percent complete—ending inventory 40 % Cost Data Materials $219,780 Labor 59,496 Overhead 125,208 Total $404,484 Prepare a schedule showing physical units of production. Physical units Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units Link to Text Link to Text Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units Link to Text Link to Text Compute the unit costs of production. (Round unit costs to 2 decimal places, e.g. 2.25.) Materials Conversion Costs Total Unit Cost Unit Costs $ $ $ Link to Text Link to Text Determine the costs to be assigned to the units transferred and in process for June. Transferred out $ Work in process, June 30 $ Link to Text Link to Text Prepare a production cost report for the Molding Department for the month of June. ROSENTHAL COMPANY Molding Department Production Cost Report For the Month Ended June 30, 2017 Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Transferred out Work in process, June 30 Total units Costs Materials Conversion Costs Total Unit costs Total Costs $ $ $ Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process, June 1 $ Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ Work in process, June 30 Materials $ Conversion costs Total costs $ Link to Text Link to Text Question Attempts: Unlimited Save for later Submit Answer

he controller of Blossom Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.

Determine the variable-cost components using the high-low method.

Determine the fixed cost components using the high-low method.

Direct Labor Variances

The following data relate to labor cost for production of 5,700 cellular telephones:

a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.