Data concerning a recent period’s activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below:
| Materials | Conversion | |||
| Cost of work in process inventory at the beginning of the period | $ | 3,500 | $ | 670 |
| Equivalent units in the ending work in process inventory | 420 | 200 | ||
| Equivalent units required to complete the beginning work in process inventory | 510 | 1,230 | ||
| Cost per equivalent unit for the period | $ | 1.70 | $ | 0.70 |
A total of 26,100 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1,900 units and ending work in process inventory consisted of 1,700 units.
Required:
1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period.
2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period.
|
Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October:
| Percent Completed | |||||
| Units | Materials | Conversion | |||
| Work in process, October 1 | 31,000 | 64 | % | 33 | % |
| Work in process, October 31 | 14,000 | 81 | % | 43 | % |
The department started 175,000 units into production during the month and transferred 192,000 completed units to the next department.
Required:
Compute the equivalent units of production for materials and conversion for October.
|
In: Accounting
1/1/17 Co issues 5000 shares of $5 par value CS for $10/shr. Journalize
2/1/17 Co purchases back 500 shrs of stock it issued in Jan. Co paid $12/shr. Journalize
3/1/17 Co sold 125 shrs from the February repurchase. These shares were sold at $13/shr. Journalize
3/15/17 Co sells 125 shrs from Feb repurchase. These shares sold at $10/shr. Journalize.
4/2/17 Co declares $0.50 cash div on outstanding shares. Journalize both declaration 4/2/17 and payment 4/15/17.
5/1/17 Co declares 10% stk div on outstanding shares. Recall that CS has a $5 Par Value. Current stock price is $15. Journalize just the declaration.
Journalize the distribution of stock dividend
What factors into the decision to pay or not pay cash dividends?
For the year ended December 31, 2008 SSS reports net income of $200,000. During the year the following occurred:
C) Show calculations for Net Cash Provided (Used) from Financing Activities
What are the characteristics of a Corporation?
What is Treasury Stock?
In: Accounting
The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,350. During May, the total cash deposited was $66,800 and checks written totaled $62,020. The bank statement indicated a balance of $22,650 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:
Checks outstanding totaled $10,090.
A deposit of $8,220, representing receipts of May 31, had been made too late to appear on the bank statement.
The bank had collected for Brentwood Bike Co. $4,340 on a note left for collection. The face of the note was $4,010.
A check for $270 returned with the statement had been incorrectly charged by the bank as $720.
A check for $970 returned with the statement had been recorded by Brentwood Bike Co. as $790. The check was for the payment of an obligation to Adkins Co. on account.
Bank service charges for May amounted to $60.
A check for $1,000 from Jennings Co. was returned by the bank because of insufficient funds.
Instructions:
1. Prepare a bank reconciliation as of May 31.
| Brentwood Bike Co. | ||
| Bank Reconciliation | ||
| May 31 | ||
| Cash balance according to bank statement | $ | |
| Add deposit of May 31, not recorded by bank | $ | |
| Add bank error in charging check as $720 instead of $270 | ||
| $ | ||
| Deduct bank service charges | ||
| Adjusted balance | $ | |
| Cash balance according to company's records | $ | |
| Add note and interest collected by bank | ||
| $ | ||
| Deduct bank error in charging check as $720 instead of $270 | $ | |
| Deduct bank service charges | ||
| Deduct error in recording check | ||
| Adjusted balance | $ | |
2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank.
| a. May 31 | |||
| b. May 31 | |||
3. If
a balance sheet were prepared for Brentwood Bike Co. on May 31,
what amount should be reported as cash?
$
In: Accounting
There are a number of credible sources of information that someone could use to learn more about the science of a topic like cancer. The Internet is often a good place to start, but you have to be careful about whether a source of information is reliable. The C.R.A.P. Test () is a useful tool to check the Currency, Reliability, Authority, and Purpose of Internet sources. Here are a few sites you can begin with, but there are certainly many others. Use the websites and videos to learn more about cancer and find information that will help you answer the questions below.
Websites • American Cancer Society: • Cancer Quest: • Centers for Disease Control and Prevention: • Medline Plus: • National Cancer Institute: • Susan G. Komen Foundation: Videos • Amoeba Sisters. “The Cell Cycle and Cancer” (7:41) • Cancer Treatment Centers of America. “What is Cancer?” (6:35) • CancerQuest. “Animated Introduction to Cancer Biology (Full Documentary)” (12:07) • Healthchanneltv. “Breast Cancer—Symptoms and Treatments” (2:34)
Questions
1. What is cancer and how does it relate to the cell cycle?
2. What are proto-oncogenes and tumor suppressor genes, and how do they contribute to cancer?
3. What are some things that might make a person have a higher risk of developing cancer?
4. What are some of the major steps that occur in the progression from a single cancer cell to a tumor and then to many tumors spreading throughout the body?
5. As tumors grow and spread, the cells undergo a number of changes. How might the cells in a late-stage tumor be different from the original cell that became cancerous?
6. Why are different types of cancers named based on where in the body they originate (breast cancer, skin cancer, bone cancer, etc.)? Why does it matter from which organ or tissue type cancer developed?
Please answer the questions and use reliable sources to back up your answer that are shown in the text above. And answer ALL questions 1-6, thank you.
In: Biology
To meet rising demands for health care, a new form of clinics has begun to emerge: clinics run by nurse practitioners says the New York Times.
Many of these nurse practitioners are limited in what they can and can't do based on state law. In some states, nurse practitioners are completely free to treat patients and give prescriptions. However, some states won't allow these clinics without at least one trained physician.
These clinics staffed with nurse practitioners offer an avenue for alleviating some of the strain being put on primary care physicians. Indeed, the Affordable Care Act will bring 32 million uninsured people into the health system and there aren't enough primary care physicians to cover them. Furthermore, physicians are poorly distributed, many of them opting to work in urban areas rather than rural towns.
Some critics of having nurse practitioners run clinics argue that the quality of care is compromised for patients.
Moreover, nurse-led clinics are cheaper than traditional doctor-led practices. Furthermore, these clinics are small and don't need a variety of practitioners to keep the clinic at full capacity. Finally, nurse practitioner-led clinics provide patients with an alternative to the emergency room, which results in large savings.
Question:
Discuss your position and analyze how this problem could become a major problem and affect more Americans in the future.
In: Operations Management
1. What type of research design is used in this study (e.g., cross-sectional, longitudinal,
experimental, correlational, or naturalistic observation)? Is this
design appropriate?
2. What explanation do the researchers offer for their findings? Does this explanation
make sense based on the evidence?
3. Given the results of this study, why can’t the researchers draw a causal connection
between behavior disorders and temperament?
4. Can you think of an alternative explanation for the results of this study?
Critical Thinking Activity: Early Temperament Style and Later Adjustment Problems
Now that you have read and reviewed Chapter 7, take your learning a step further
by testing your critical thinking skills on this scientific reasoning exercise.
A study by Caspi and others (1995)* revealed that temperamental style in early
childhood might be linked to adjustment problems during adolescence. The study
involved a cohort of 1,037 children born between April 1, 1972, and March 31,
1973, in Dunedin, New Zealand.
At ages 3, 5, 7, and 9, the behavior of each child was rated in terms of 22
aspects of temperament, including emotional stability, restlessness, self-reliance,
persistence, negativism, passivity, shyness, self-confidence, emotional flatness,
and 13 other dimensions. To assess behavior problems in the sample, the
researchers relied on outcome data from teachers and parents who rated the children
at ages 9, 11, 13, and 15 on two widely used behavior problem checklists.
These checklists included subscales measuring anxiety/withdrawal, which represents
feelings of inferiority and failure; attention problems, which reflect difficulty
in concentration skills; conduct disorder, which reflects aggressiveness and
alienation; and socialized delinquency, which reflects norm-violating tendencies.
For both boys and girls, lack of control at ages 3 and 5 showed a significant
positive correlation wth teacher and parent reports of antisocial behavior and
conduct disorder at ages 9 and 11. In addition, boys and girls characterized as
lacking in control in early childhood were less likely to be rated in adolescence as
mature and confident.
The authors suggest several possible explanations for these intriguing results.
One is that certain temperamental characteristics in young children are actually
early, “subclinical” manifestations of more extreme behavior disorders. Whatever
the correct explanation, the results of this extensive study suggest that early temperament
may have remarkably specific predictive validity for the development of
behavior problems during adolescence.
In: Psychology
In: Nursing
For the aqueous [CO(NH3)6]3+ complex Kf = 4.6 x 1033 at 25 degrees celcius.
Suppose equal volumes of 0.0038 M Co(NO3)3 solution and 0.24 M NH3 solution are mixed. Calculate the equilibrium molarity of aqueous Co3+ ion.
Round your answer to 2 significant digits.
In: Chemistry
The following are the weekly output of a machine for the past five years.
|
Weeklyoutput (in 1000 units) |
0 - 2 |
2 - 4 |
4 - 6 |
6 - 8 |
8 - 10 |
|
Frequancy |
1 |
5 |
4 |
3 |
1 |
Compute (a) Moment co-efficient of skewness β1 ? = μ32μ23
(b) Co-efficient of kurtosis β2 = μ4μ22
In: Statistics and Probability
a. Indicate why a patient’s MAP, CVP, PAS/PAD, PAWP, CO, and CI would be measured. Include information on various types of patients.
b. Indicate why MAP, CVP, PAS/PAD, PAWP, CO, and CI would be elevated and how the nurse would respond to each or how an elevated reading would be corrected.
In: Nursing