Bakul Mala Manufacturing, which uses the First-In, First-Out costing method, produces a product that passes through two departments: A and B. In the Department A, all materials are added at the beginning of the process and all other manufacturing inputs are added uniformly.

The following information relates to Department A for the month of July:  

a.       Beginning Work-In-Process, 1 July: 400,000 units (20% complete with respect to conversion costs). The costs assigned to this work are as follows:

• Direct Materials = $80,000
• Conversion costs = $40,000

b.      Ending Work-In-Process, 31 July: 100,000 units (80% complete with respect to conversion costs).   

c.      Units completed and transferred out: 500,000 units.

The following costs were added during July:

• Direct Materials = $200,000
• Conversion Costs = $100,000

Required:  

SHOW CALCULATION FOR EACH QUESTION IN THE RESPONSE BOX.  

1. Prepare a physical flow schedule.   

2. Prepare a schedule of equivalent units.   

3. Calculate the cost per equivalent unit.   

4. Calculate the cost of goods transferred out and the cost of Ending Work-In-Process.

5. Would you recommend Bakul Mala Manufacturing to continue to employ the First-In, First-Out costing method, or should it consider alternative costing methods (i.e. the weighted average method)? Briefly explain and justify your recommendation.  

How important Habit-3 “Put First Things First” in your life. Discuss time management quadrants and then put yourself in those quadrants in detail.

Cerner Corporation announced a first-come, first-serve stock repurchase offer to its shareholders – the company agreed to repurchase 2,653,780 shares of its common stock in exchange for total consideration of $173,434,000. Cerner had 329,641,500 total shares outstanding before the redemption. You acquired 16,482,075 shares of Cerner's stock two years ago for $20/share. You were the only shareholder to participate in the repurchase offer and Cerner agreed to redeem the total number of shares directly from you.

Choose the response that accurately represents the amount and character of taxable income that you would report on your tax return with respect to the stock redemption assuming the redemption DID NOT qualify for exchange treatment.

If applicable, you may assume Cerner's current E&P balance is well in excess of its total dividend distributions for the year.

Multiple Choice

$173,434,000 short-term capital gain

$120,358,400 dividend income

$120,358,400 long-term capital gain

$173,434,000 long-term capital gain

$173,434,000 dividend income

IFO costingUsing first-in, first-out; perpetual inventory costing; and the fol-lowing information, determine the cost of materials used andthe cost of the July 31 inventory:July 1 Balance on hand, 1,000 yd of linen @ $4.00 each.3 Issued 250 yd.5 Received 500 yd @ $4.50 each.6 Issued 150 yd.10 Issued 110 yd.11 Factory returned 10 yd, which were issued on the 10th, to thestoreroom.15 Received 500 yd @ $5.00 each.20 Returned 300 yd to the vendor from the July 15 purchase.26 Issued 600 yd

Cerner Corporation announced a first-come, first-serve stock repurchase offer to its shareholders – the company agreed to repurchase 2,653,780 shares of its common stock in exchange for total consideration of $173,434,000. Cerner had 329,641,500 total shares outstanding before the redemption.

You acquired 16,482,075 shares of Cerner's stock two years ago for $20/share. You were the only shareholder to participate in the repurchase offer and Cerner agreed to redeem the total number of shares directly from you.

Using the applicable tax rates provided below, compute your after-tax savings if the redemption is treated as an exchange as opposed to a dividend distribution. Any dividend income amounts should be considered ordinary income in character.

For purposes of the after-tax savings calculation, you should assume you are liable for the net investment income tax on both capital gains and dividend income.

Applicable tax rates:

Individual - ordinary income - 34%

Individual - long-term capital gains - 20%

Individual - net investment income - 3.8%

1.Describe costing inventory using first-in, first-out. Address the different treatment, if any, that must be given for periodic and perpetual inventory updating.

2. Describe costing inventory using last-in, first-out. Address the different treatment, if any, that must be given for periodic and perpetual inventory updating.

3.Describe costing inventory using weighted average. Address the different treatment, if any, that must be given for periodic and perpetual inventory updating.

in C++

We are going to implement the following scheduling algorithms

1. First-Come First-Served (FCFS)

2. Shortest Remaining Time First (SRTF)

3. Highest Response Ratio Next (HRRN)

4. Round Robin, with di_erent quantum values (RR)

We are interested to compute the following metrics, for each experiment:

_ The average turnaround time

_ The total throughput (number of processes done per unit time)

_ The CPU utilization

_ The average number of processes in the ready queue

The simulator needs to generate a list of processes. For each process, we need to generate its arrival time and

its requested service time. We can assume that processes arrive with an average rate _ that follows a Poisson

process (hence exponential inter-arrival times). The service times are generated according to an exponential

distribution. We will vary _ to simulate di_erent loads while keeping the average service time _xed. The

simulator should stop after processing 10,000 processes to completion (without stopping the arrival process),

then it should output the statistics (i.e., the metrics above).

Events (e.g., process arrival, process completion, time-slice) that occur causes the simulator to update its

current state (e.g., cpu busy/idle, number of processes in the ready queue, etc.) To keep track and process

events in the right order, we keep events in a priority queue (called \Event Queue") that describes the future

events and is kept sorted by the time of each event. The simulator keeps a clock the represents the current

time which takes the time of the _rst event in the Event Queue. Notice that when an event is processed

at its assigned time, one or more future events may be added to the Event Queue. For example, when a

process gets serviced by the CPU, another process can start executing (if one is waiting in the ready queue)

and under FCFS, we know exactly when this process would _nish (since FCFS is non-preeptive), so we can

schedule a departure event in the future and place it in the event queue. Notice that time hops between

events, so you would need to update your simulator clock accordingly.

The simulator should take few command-line arguments. The _rst is to indicate the scheduler, a 1

through 4 value based on the list above. Also, it should take other arguments such as the average arrival

rate, the average service time and the quantum interval (for RR). Running the simulator with no arguments,

should display the parameters usage.

Each scheduler would need to maintain a queue (the \Process Ready Queue") for the ready processes

that are waiting for the CPU. A scheduler will select a process to run next based on the scheduling policy.

Clearly, this queue should not be confused with the Event Queue that is used to hold events to be processed

in the future.

3 The Runs

We will vary the average arrival rate, _, of processes from 10 process per second to 30 processes per second

(based on a Poisson process). The service time is chosen according to an exponential distribution with an

average service time of 0.04 sec.

For each value of _, we need to compare the performance of each scheduler, based on the metrics above.

It is recommended (but not required) that you write a simple batch _le that would run those experiments

and put the results in a _le (that you can later import into a spread sheet and plot the values).

#!/bin/bash

rm sim.data

for ((i = 10; i < 31; i++)); do

./sim 1 $i 0.04 0.01

cp sim.data /data/1-$i-004.data

done

This will run the simulator using FCFS (indicated by the value 1 in the _rst argument) for 20 di_erent

values of _ using 0.04 as the average service time and a quantum value of 0.01 (which is ignored in all

algorithms, except round robin). Then, the script will move the sim.data _le to a safe place.

With the Round Robin algorithm, an argument is supplied to indicate the quantum used. Use 2 di_erent

values of quantum; 0.01 and 0.2. If a process _nishes before its quantum expires, the CPU will schedule the

next process right away.

China, which gave the world its first paper money, recently introduced the world's first official digital currency. What are your thoughts on what will be the impact of this digital currency in the world? Can this Chinese digital currency pose challenge to the supremacy of US Dollar? How does this Chinese digital currency differentiate from other digital currencies such as Bit-coin?

1.Provide the differences between a weighted-average method of process costing and a first-in, first-out (FIFO) method of process costing