Since there are no standard ways of creating staffing process results and cost metrics, is there a need for some sort of oversight of how these data are calculated, reported, and used within the organization? Explain.

Cost of Units Completed and in Process

The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

Cost per equivalent units of $1.60 for Direct Materials and $2.00 for Conversion Costs.

a. Based on the above data, determine the different costs listed below.

If required, round your interim calculations to two decimal places.

b. Did the production costs change from the preceding period?

c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period?

What cost might be included in the items in inventory and COGS for a manufactoring company versus what cost would be included in the items in inventory and COGS for a merchandising company?

In form 4562, depreciation and amortization, how to apply and compute these information if cost of personal computer $7,000, cost of printer 2,000 furniture 3,000. Elected to expense the maximum portion of the cost of the computer, printer, and furniture allowed under the provisions of Section 179. These items were placed in service on January 15, 2016 amd used 100% in the business.

Cost of Units Completed and in Process

The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

Cost per equivalent units of $1.50 for Direct Materials and $3.20 for Conversion Costs.

a. Based on the above data, determine the different costs listed below.

If required, round your interim calculations to two decimal places.

b. Did the production costs change from the preceding period? yes or no

c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period?

The FIFO inventory method requires that a. the cost of the first items purchased be assigned to cost of goods sold. b. the cost of the last items purchased be assigned to cost of goods sold. c. the earliest goods purchased be allocated to ending inventory. d. the company uses a perpetual inventory system.

You plan to buy a car in one year. It will cost $15,000 at that time. You now have $5,000 in a bank that pays 12% compounded monthly. You will save for the car by making monthly deposits in the bank for the next 12 months. How much will you have to deposit each month to have enough money in total to make the purchase?

Select one:

a. $738.50

b. $835.18

c. $769.43

d. $682.80

Karl has $100,000 in student loans at 6% compounded monthly. How much will Karl's monthly payment be in order to pay off the loan in 10 years?

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Select one:

a. ​$610

b. ​$13,587

c. ​$9,777

d. ​$1,110

What is the difference between a product and a period cost and how is each type

of cost reported on the financial statements? What are some examples of a product and period cost?

What is the difference between a fixed and a variable cost and how is each type of

cost used in the budgeting process? What are some examples of fixed and variable cost?