anufacturing costs for Davenport Company during 2018 were as follows:
| Beginning Finished Goods, 1/1/18 | $ | 25,100 | |||||||
| Beginning Raw Materials, 1/1/18 | 36,500 | ||||||||
| Beginning Work in Process, 1/1/18 | 111,300 | ||||||||
| Direct Labor for 2018 | $ | 276,300 | |||||||
| Ending Finished Goods, 12/31/18 | 23,400 | ||||||||
| Ending Raw Materials, 12/31/18 | 40,750 | ||||||||
| Ending Work in Process, 12/31/18 | 121,600 | ||||||||
| Material Purchases for 2018 | 305,200 | ||||||||
| (including $20,000 of indirect material) | |||||||||
Note: The pre-determined overhead rate is 0.85 (85%) of direct labor cost.
Required:
1. Prepare a Cost of Goods Manufactured report.
2. Prepare a Partial Income Statement if sales revenue was $1,350,000 and operating expenses were $260,000 for 2018.
In: Accounting
At the end of 2017, Payne Industries had a deferred tax asset account with a balance of $30 million attributable to a temporary book - tax difference of $75 million in a liability for estimated expenses. At the end of 2018, the temporary difference is $70 million. Payne has no other temporary differences and no valuation allowance for the deferred tax asset. Taxable income for 2018 is $180 million and the tax rate is 40%.
Required: 1.) Prepare the journal entry(s) to record Payne's income taxes for 2018, assuming it is more likely than not that the deferred tax asset will be realized.
1.a) Record the valuation allowance
2.) Prepare the journal entry(s) to record Payne's income taxes for 2018, assuming it is more likely than not that 1/4 of the deferred tax asset will ultimately be realized.
In: Accounting
Regarding the statute of limitations on additional assessments of tax by the IRS, select the applicable date in each of the following situations. Note: Assume a calendar year individual with no fraud or substantial omissions involved. a. The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on . b. The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on . c. The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations . d. The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations .
In: Accounting
The blood platelet counts of a group of women have a bell-shaped distribution with a mean of 257.62 and a standard deviation of 62.1 (All units are 1000 cells/muμ L.)
Using the empirical rule, find each approximate percentage below.
| What is the approximate percentage of women with platelet counts within 1 standard deviation of the mean, or between 195.5 and 319.7 ? | |
| What is the approximate percentage of women with platelet counts between 71.3 and 443.9 ? |
a. Approximately 68 % of women in this group have platelet counts within 1 standard deviation of the mean, or between 195.5 and 319.7.
(Type an integer or a decimal. Do not round.)
Approximately ____ % of women in this group have platelet counts between 71.3 and 443.9.
(Type an integer or a decimal. Do not round.)
In: Statistics and Probability
You are given an unknown hydrated metal salt containing chloride ion MCl2 times nH2O
a. you dissolve 0.500 g of this salt in water and add excess silver nitrate slutionAgNO3 to precipitate the chloride ion as insoluble silver chloride, AgCl. After filtering washing-drying and weighing the AgCl is found to weigh 0.720g. what is the mass percent chloride in the metal salt?
b. a second 0.500 g sample is dehydrated to remove water of hydration. After drying the sample is found to weigh 0.319g what is the mass percent chloride in the metal salt?
c. The metal cation has a charge of two. what is the molar mass of the metal?
d. determine the complete empirical formula of the hydrated metal salt
In: Chemistry
Describe the formation of ionic and covalent compounds.
Identify a compound as ionic or covalent.
Using charge balance, write the correct formula for an ionic compound (including those with polyatomic ions).
Write the correct molecular and empirical formula for molecular compounds.
Given the formula of a covalent or ionic compound (including polyatomic ions), write the correct name.
Apply the basic rules guiding Lewis dot structures to draw the configuration for individual atoms, ionic compounds (including those with polyatomic ions), and covalent compounds (including those with double and triple bonds).
Apply the VSEPR theory to model the shape of a molecule.
Given an atom's electronegativity, proceed from predicting the bond type and bond polarity to predicting molecule polarity (based on molecular shape).
In: Chemistry
Oxygen is contained in a piston-cylinder system initially at a temperature of 40 oC and a pressure of 150 kPa. The piston is 1 m in diameter and initially 20 cm above the base of the cylinder. Heat is added at constant pressure until the piston has moved 30 cm, so it's now at 50 cm.
I found the mass of the system to be 0.2898 kg, and T2 = 783K.
a) Using the table of properties of oxygen as an ideal gas, calculate the heat added to the system per unit mass, in kJ/kg
b) Repeat this calculation assuming that the specific heat as a function of temperature is linear over this range of temperatures (ie, assuming the change in temperature is "small")
c) Repeat this calculation without this assumption (ie, direct integration of empirical relation)
In: Mechanical Engineering
5. calculate the atomic mass of element "X" if it has
2 naturally occurring isotopes with the following masse and natural
abundances:
X-45: 44.8776 Amu 32.88%
X-47: 46.9443 Amu 67.22%
10. silver has an atomic mass of 107.868 Amu. The Ag-109 isotope (108.905 amu) is 48.16%. what is the amu of the other isotope?
39. calculate the mass percent composition of sulfur in Al2(SO4)3.
41. determine the molecular formula for a compound that is 70.79% carbon, 8.91% hydrogen, 4.59% nitrogen, and 15.72% oxygen.
42. combustion analysis of 63.8 mg of a C, H, and O containing compound produced 145.0 mg of CO2 and 59.38 mg of H2O. what is the empirical formula for the compound?
In: Chemistry
A sample of size 30 is taken from a population and the height of each person is recorded.
4.8 4.8 4.0 5.2 5.5 4.7 5.6 5.5 4.9 5.0 5.2 4.6 5.6 4.9 5.1 5.2
5.2 5.5 4.3
5.2 5.2 5.2 4.7 5.3 4.8 4.4 4.4 5.2 4.6 5.1
Construct a frequency distribution table with 6 classes.
Plot a histogram and explain the shape of the distribution
Compute the mean and standard deviation of the data, using the frequency distribution.
What percentage of the observations falls within 1 standard deviations of the sample mean?
What percentage of the observations falls within 2 standard deviations of the sample mean?
Are the result of parts d and e coinciding with the empirical rule?
In: Statistics and Probability
11. A sample of 30 used cars sold by an auto dealership in 2009 revealed that the correlation between selling price and number of kilometres driven was −0.45. We want to test, at the 1% significance level, if there is a negative linear relationship in the population between selling price and number of kilometres driven. According to the p-value given in the table, our conclusion would be to reject the null hypothesis and conclude that the sample evidence supports the claim of a negative linear relationship at the 1% significance level.
True or False
15.
For any given number of hours studied, we expect actual grade to lie within about +/- 18.24% of the predicted mean grade ______% of the time. Do Not include the % sign. Use the Empirical rule (68-95-99.7) to answer this.
In: Statistics and Probability