Appendix: Normal and Abnormal Spoilage in Process Costing, Changes in Output Measures, Multiple Departments Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing Department, liquid and dry chemicals are blended to form slurry. Output is measured in gallons. In the Baking Department, the slurry is subjected to high heat, and the residue appears in irregular lumps. Output is measured in pounds. In the Grinding Department, the irregular lumps are ground into a powder, and this powder is placed in 50-pound bags. Output is measured in bags produced. In April, the company reported the following data: The Mixing Department transferred 50,000 gallons to the Baking Department, costing $250,000. Each gallon of slurry weighs two pounds. The Baking Department transferred 100,000 pounds (irregular lumps) to the Grinding Department. At the beginning of the month, there were 5,000 gallons of slurry in process, 25 percent complete, costing $35,000 (transferred-in cost of $25,000 plus conversion cost of $10,000). No additional direct materials are added in the Baking Department. At the end of April, there was no ending work in process. Conversion costs for the month totaled $205,000. Normal loss during baking is 5 percent of good output. All transferred-in materials are lost, but since loss occurs uniformly throughout the process, only 50 percent of the conversion units are assumed to be lost. The Grinding Department transferred 2,500 bags of chemicals to its finished goods warehouse. Beginning work in process for this department was 25,000 pounds, 40 percent complete with the following costs: transferred-in cost, $132,500; conversion cost, $15,000. Bags are used at the end of the process and cost $1.50 each. During bagging, normally one out of every 11 bags is torn and must be discarded. No powder is lost (the tearing occurs when the bag is being attached to a funnel). Conversion costs for the month's production are $172,500. There is no ending work in process. Required: 1. Using FIFO, calculate the cost per bag of chemicals transferred to the finished goods warehouse. Round per-unit costs to the nearest cent. Round all other answers to the nearest unit or dollar, if required. Baking Department (to obtain the cost of goods transferred out): Units to account for: Beginning work in process fill in the blank ed6055ffd07c073_1 10,000 Units started fill in the blank ed6055ffd07c073_2 100,000 Total units to account for fill in the blank ed6055ffd07c073_3 110,000 Units accounted for: Units transferred out fill in the blank ed6055ffd07c073_4 Normal spoilage fill in the blank ed6055ffd07c073_5 Abnormal spoilage fill in the blank ed6055ffd07c073_6 Total units accounted for fill in the blank ed6055ffd07c073_7 Equivalent Units Conversion Costs Transferred In Total equivalent units fill in the blank ed6055ffd07c073_8 fill in the blank ed6055ffd07c073_9 Total unit cost $fill in the blank ed6055ffd07c073_10 Cost of units transferred out: Started and competed $fill in the blank ed6055ffd07c073_11 Prior period costs $fill in the blank ed6055ffd07c073_12 Costs to finish fill in the blank ed6055ffd07c073_13 fill in the blank ed6055ffd07c073_14 Normal spoilage fill in the blank ed6055ffd07c073_15 Total $fill in the blank ed6055ffd07c073_16 Grinding Department: Total units accounted for fill in the blank ed6055ffd07c073_17 Note: (For direct materials: 11 bags are used to get 10 good bags). Unit cost of units started and completed: Direct Materials Conversion Costs Transferred In Total Costs added $fill in the blank ed6055ffd07c073_18 $fill in the blank ed6055ffd07c073_19 $fill in the blank ed6055ffd07c073_20 Total equivalent units fill in the blank ed6055ffd07c073_21 fill in the blank ed6055ffd07c073_22 fill in the blank ed6055ffd07c073_23 Cost per equivalent unit $fill in the blank ed6055ffd07c073_24 $fill in the blank ed6055ffd07c073_25 $fill in the blank ed6055ffd07c073_26 $fill in the blank ed6055ffd07c073_27 Unit cost of units from beginning work in process: Prior period costs $fill in the blank ed6055ffd07c073_28 Costs to finish: Direct materials fill in the blank ed6055ffd07c073_29 Conversion costs fill in the blank ed6055ffd07c073_30 Total $fill in the blank ed6055ffd07c073_31 Unit cost $fill in the blank ed6055ffd07c073_32 per unit

Which of the following statements accurately describes changes in the Qualifying Widow(er) (QW) tax filing status for Tax Year 2017?

The taxpayer is entitled to file a joint return with their spouse for the year the spouse died.

The taxpayer may file as a qualifying widow(er) in the year after the death of their spouse, even if they re-marry during the year following the year in which their first spouse died.

The taxpayer no longer must have a qualifying child, stepchild, or adopted child in order to be eligible for the qualifying widow(er) filing status.

The qualifying child of a taxpayer who elects to file as qualifying widow(er), no longer has to be a dependent of the qualifying widow(er).

1. Should Komatsu continue to produce high quality excavation equipment for the premium customer segment?
2. What changes in the Chinese market have led to the rise of companies like SANY (LOOK AT THE CHARTS IN THE BACK OF THE CASE – KOMATSU LOSING IN CHINA EXHIBIT 7; GAINING ELSEWHERE. LOOK AT RISE OF SANY – EXHIBITS 11 AND 12
3. What moves is Caterpillar making in response to market change and rise of SANY?
4. Should Komatsu make any change to its strategy (MAKE SURE YOU COMPLETELY UNDERSTAND WHAT THAT STRATEGY IS)
5. Should Komatsu remain focused on premium customer segment?

An emerging economy changes its policy, attracting more foreign direct investment, which leads to the accumulation of a more productive capital stock. (a) How does this policy afect the aggregate output, consumption, employment, and real wage? Explain your results with a diagram and illustrate the income and substitution efects.

In your last semester of nursing school, you note that your clinical instructor changes teaching tactics. No one looks over your shoulder any longer during every assessment, you are allowed more freedom to perform assessments and make clinical judgments, the clinical hours coincide with normal shift hours, and you are allowed to volunteer to perform nursing procedures with staff nurses. Although this makes you nervous, you realize that this is necessary for your transition into nursing practice.

Top of Form

1. Identify strategies used by the instructor to assist you in your transition.
   
2. What other steps could the clinical instructor take to assist your transition to nursing?
   
3. What strategies does your nursing program use to assist students to transition into realistic nursing practice?
   
4. Identify a support system that can assist you during the transition period.
   

Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2018. At January 1, 2018, the corporation had outstanding 85.0 million common shares, $2.5 par per share.

Required:
1. Prepare the journal entries to record the transactions that affected Brenner-Jude's retained earnings during 2018 based on the information provided.
2. Prepare a statement of retained earnings for Brenner-Jude for the year ended 2018.

1. What is operating leverage? What is financial leverage? Explain how greater operating and financial leverage changes the riskiness of the firm to its shareholders.
2. When estimating the NPV of a project, what are the numerators in the PV formula? What are the denominators? Could the NPV ever be negative? Why? In that event, is the decision “go” or “no go”? Why?
3. Dividends can have a signaling effect. What is the signal from a decision to start paying dividends? Of increasing the dividend? Of cutting the dividend? Why does the market often regard the announcement that a company is planning to issue more shares as a negative sign?
4. Modigliani and Miller (MM) showed that, assuming no taxes or transaction costs, replacing equity with debt in the capital structure would not change the value of the firm, even when the cost of debt is very low. Explain in words or equations (or both) how the MM model produces that result.
5. Explain how incorporating corporate taxes into the MM model changes the conclusion mentioned in question 4. What is the optimal level of debt in the capital structure? Why isn’t it 100% or 0%?

The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (Credit Card Act) made major changes in the way and amount of information that is provided to cardholders. Research and discuss this legislation. What type of information is included in the new law? Does the new law enhance your understanding of the impact of interest rates on financial decisions?

Gather and evaluate recent stock market conditions and price changes, using the Dow Jones Industrial Average, the S&P 500, and the NASDAQ indexes. In addition, gather information related to the current economic situation in the U.S. Using all of this information, make a judgment about how the overall stock market will perform through the end of this year. (¾ of page of bullet points)

Any family is really many families as it changes over time. Consider how families typically change as people move through the life course. What are the major traits of family life beginning with courtship, settling in to marriage, child rearing, and later life? What special opportunities and challenges can you see in each stage?