1. Would it be a violation of the Consumer Credit Protection Act to suspend, demote, or transfer an employee who is subject to a garnishment?

2. Freisleven Corporation has undertaken a cost study of its operations. One of the costs of major concern to the company is the total cost of labor, particularly the cost of employee benefits. Prepare a list of the different kinds of costs that a company might incur as part of its "total package" salary cost.

3. If a salaried exempt employee was paid twice (direct deposit) for one pay period and the company was unable to recover the funds, what options are avail- able to the company to correct this overpayment.

4. In Philadelphia, Pennsylvania, most workers are subject to three income taxes upon their earnings— federal, state, and city. Should an employer in Philadelphia record the liability for the withholding of all three income taxes in one liability account such as Income Taxes Payable?

Equivalent Units and Related Costs; Cost of Production Report; Entries

Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals.

The balance in the account Work in Process—Filling was as follows on January 1:

Work in Process—Filling Department

(1,800 units, 80% completed):

Direct materials (1,800 x $14.6)$26,280

Conversion (1,800 x 80% x $9.5)13,680

$39,960

The following costs were charged to Work in Process—Filling during January:

Direct materials transferred from Reaction

Department: 23,200 units at $14.4 a unit$334,080

Direct labor115,560

Factory overhead111,032

During January, 23,000 units of specialty chemicals were completed. Work in Process—Filling Department on January 31 was 2,000 units, 90% completed.

Required:

1. Prepare a cost of production report for the Filling Department for January. If an amount is zero, enter "0". If required, round your cost per equivalent unit answers to two decimal places.

Dover Chemical Company

Cost of Production Report-Filling Department

For the Month Ended January 31

Unit Information

Units charged to production:

Inventory in process, January 1

Received from Reaction Department

Total units accounted for by the Filling Department

Units to be assigned costs:

Equivalent Units

Whole UnitsDirect MaterialsConversion

Inventory in process, January 1

Started and completed in January

Transferred to finished goods in January

Inventory in process, January 31

Total units to be assigned costs

Cost Information

Cost per equivalent unit:

Direct MaterialsConversion

Total costs for January in Filling Department$$

Total equivalent units

Cost per equivalent unit$$

Costs assigned to production:

Direct MaterialsConversionTotal

Inventory in process, January 1$

Costs incurred in January

Total costs accounted for by the Filling Department$

Costs allocated to completed and partially completed units:

Inventory in process, January 1 balance$

To complete inventory in process, January 1$

Cost of completed January 1 work in process$

Started and completed in January$

Transferred to finished goods in January$

Inventory in process, January 31

Total costs assigned by the Filling Department$

2. Journalize the entries for (1) costs transferred from Reaction to Filling and (2) the cost transferred from Filling to Finished Goods. If an amount box does not require an entry, leave it blank.

(1)

(2)

3. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion costs. If required, round your answers to two decimal places.

Increase or DecreaseAmount

Change in direct materials cost per equivalent unit $

Change in conversion cost per equivalent unit $

4. Discuss the uses of the cost of production report and the results of part (3).

The cost of production report may be used as the basis for allocating product costs between   and  . The report can also be used to control costs by holding each department head responsible for the units entering production and the costs incurred in the department. Any differences in unit product costs from one month to another, such as those in part (3), can be studied carefully and any significant differences investigated.

ABC-A Service Application
Grand Haven is a senior living community that offers a full range of services including independent living, assisted living, and skilled nursing care. The assisted living division provides residential space, meals, and medical services (MS) to its residents. The current costing system adds the cost of all of these services (space, meals, and MS) and divides by total resident days to get a cost per resident day for each month. Recognizing that MS tends to vary significantly among the residents, Grand Haven's accountant recommended that an ABC system be designed to calculate more accurately the cost of MS provided to residents. She decided that residents should be classified into four categories (A, B, C, D) based on the level of services received, with group A representing the lowest level of service and D representing the highest level of service. Two cost drivers being considered for measuring MS costs are number of assistance calls and number of assistant contacts. A contact is registered each time an assistance professional provides medical services or aid to a resident. The accountant has gathered the following data for the most recent annual period:

a. Determine the ABC cost of a resident day for each category of residents using assistance hours as the cost driver.

Round answer below to the nearest dollar.
Medical services cost per assistance hour $Answer

NOTE: Use your rounded answer above to compute the answers below. Round your final answers to the nearest dollar.

b. Determine the ABC cost of a resident day for each category of residents using assistance contacts as the cost driver.

Round answer below to the nearest dollar.
Medical services cost per assistance contacts $Answer

NOTE: Use your rounded answer above to compute the answers below. Round your final answers to the nearest dollar.

Show work plz

Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company’s inventory balances were as follows:

The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company’s predetermined overhead rate of $11.25 per direct labor-hour was based on a cost formula that estimated $450,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year:

a. Raw materials were purchased on account, $622,000.

b. Raw materials use in production, $591,800. All of of the raw materials were used as direct materials.

c. The following costs were accrued for employee services: direct labor, $400,000; indirect labor, $150,000; selling and administrative salaries, $280,000.

d. Incurred various selling and administrative expenses (e.g., advertising, sales travel costs, and finished goods warehousing), $400,000.

e. Incurred various manufacturing overhead costs (e.g., depreciation, insurance, and utilities), $300,000.

f. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year.

g. Jobs costing $1,360,750 to manufacture according to their job cost sheets were completed during the year.

h. Jobs were sold on account to customers during the year for a total of $3,330,000. The jobs cost $1,370,750 to manufacture according to their job cost sheets.

1. What is the journal entry to record raw materials used in production?

2. What is the ending balance in Raw Materials?

3. What is the journal entry to record the labor costs incurred during the year?

4. What is the total amount of manufacturing overhead applied to production during the year?

5. What is the total manufacturing cost added to Work in Process during the year?

6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above?

7. What is the ending balance in Work in Process? do the same table as question number 2 please.

8. What is the total amount of actual manufacturing overhead cost incurred during the year?

9. Is manufacturing overhead underapplied or overapplied for the year? By how much?

10. What is the cost of goods available for sale during the year?

11. What is the journal entry to record the cost of goods sold referred to in item h above?

12. What is the ending balance in Finished Goods? do same table as in question number 2 please.

13. Assuming that the company closes its underapplied or overapplied overhead to Cost of Goods Sold, what is the adjusted cost of goods sold for the year?

14. What is the gross margin for the year?

15. What is the net operating income for the year?

Sultan Company uses an activity-based costing system.

At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools:

Required:

1. Compute the activity rate for each of the activity cost pools.

2. The expected activity for the year was distributed among the company’s four products as follows:

Using the ABC data, determine the total amount of overhead cost assigned to each product.

1. Compute the activity rate for each of the activity cost pools.

2. Using the ABC data, determine the total amount of overhead cost assigned to each product.

For each of these five separate cases, identify the principle(s) of internal control that is violated. Recommend what the business should do to ensure adherence to principles of internal control.

1.Latisha Tally is the company’s computer specialist and oversees its computerized payroll system. Her boss recently asked her to put password protection on all office computers. Latisha has put a password in place that allows only the boss access to the file where pay rates are changed and personnel are added or deleted from the payroll.

2.Marker Theater has a computerized order-taking system for its tickets. The system is active all week and backed up every Friday night.

3.Sutton Company has two employees handling acquisitions of inventory. One employee places purchase orders and pays vendors. The second employee receives the merchandise.

4.The owner of Super Pharmacy uses a check software/printer to prepare checks, making it difficult for ­anyone to alter the amount of a check. The check software/printer, which is not password protected, is on the owner’s desk in an office that contains company checks and is normally unlocked.

5.Lavina Company is a small business that has separated the duties of cash receipts and cash disbursements. The employee responsible for cash disbursements reconciles the bank account monthly.

Wharton Associates is a recently formed law partnership. Wharton Associates operates at capacity and uses a  cost-based approach to pricing  (billing) each job.  Wharton currently uses a simple costing system.

Currently it uses a simple costing system with a single  direct-cost category (professional labor-hours) and a single  indirect-cost pool  (general support). Indirect costs are allocated to cases on the basis of professional  labor-hours per case. The job files show the  following:

Professional labor costs at Wharton Associates are $ 160 an hour. Indirect costs are allocated to cases at $ 100 an hour. Total indirect costs in the most recent period were $500,000.

Denise Peyton, the managing partner of Wharton Associates, decided to try and further refine the costing system.

Peyton asks her assistant to collect details on those costs included in the $500,000 indirect-cost pool that can be traced to each individual job. After  analysis, Wharton is able to reclassify $300,000 of the $500,000 as direct  costs:

Peyton decides to calculate the costs of each job as if Wharton had used six direct cost-pools and a single  indirect-cost pool. The single  indirect-cost pool would have $200,000 of costs and would be allocated to each case using the professional labor-hours base.

Wharton has two classifications of professional  staff: partners and associates. Peyton asks her assistant to examine the relative use of partners and associates on the recent Steger Enterprises and Bluestone Inc. jobs. The Steger Enterprises job used 1,000 partner-hours and 2,000 associate-hours. The Bluestone Inc. job used 1,500 partner-hours and 500 associate-hours. Therefore, totals of the two jobs together were 2,500 partner-hours and 2,500 associate-hours. Peyton decides to examine how using separate  direct-cost rates for partners and associates and using separate  indirect-cost pools for partners and associates would have affected the costs of the Steger Enterprises and Bluestone Inc. jobs. Indirect costs in each  indirect-cost pool would be allocated on the basis of total hours of that category of professional labor. From the total indirect cost-pool of $200,000, $120,000 is attributable to the activities of partners and $80,000 is attributable to the activities of associates. The rates per category of professional labor are as  follows:

Requirement 1. Compute the costs of the  

Steger Enterprises and Bluestone Inc.'s cases using Wharton 's further refined  system, with multiple  direct-cost categories and multiple  indirect-cost pools.

Begin by determining the formulas you will use to calculate the direct partner cost of the job and the direct associate cost of the job.

Now determine the formulas you will use to calculate the indirect costs for partners and the indirect costs for associates.

Now compute the total costs of each job using the multiple  direct-cost categories and multiple  indirect-cost pools.  (Round your answers to the nearest whole  dollar.)

A total of 6,000 units of product remain in the Quality Testing department at the end of the year. Direct materials are 75 percent complete and direct labor is 20 percent complete. Calculate the equivalent units in the Quality Testing department for direct materials and direct labor. Calculating Cost per Equivalent Unit. The following information pertains to the Finishing department for the month of June. WHOLE UNIT % COMPLETION EQUIVALENT UNIT DIRECT MATERIAL 6,000 75 4500 DIRECT LABOR 6,000 20 1200 Direct Materials Direct Labor Overhead Total costs to be accounted for $100,000 $200,000 $300,000 Total equivalent units accounted for 10,000 units 8,000 units 8,000 units Required: Calculate the cost per equivalent unit for direct materials, direct labor, overhead, and in total. Show your calculations. Assigning Costs to Completed Units and to Units in Ending WIP Inventory. The following information is for the Painting department for the month of January. Direct Materials Direct Labor Overhead Cost per equivalent unit $2.10 $1.50 $3.80 Equivalent units completed and transferred out 3,000 units 3,000 units 3,000 units Equivalent units in ending WIP inventory 1,000 units 1,200 units 1,200 units Required: a. Calculate the costs assigned to units completed and transferred out of the Painting department for direct materials, direct labor, overhead, and in total. b. Calculate the costs assigned to ending WIP inventory for the Painting department for direct materials, direct labor, overhead, and in total. (200/1,000) X 100 = 20% COMPLETED 1,000 UNITS COMPLETED

Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $ 2,262,390 as follows.

Production records show that  34,500 units were in beginning work in process 30% complete as to conversion costs,  655,000 units were started into production, and  24,000 units were in ending work in process 40% complete as to conversion costs. Materials are entered at the beginning of each process.

Prepare a production cost report for the Assembly Department. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)

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