Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at the beginning of the process; in the Assembly Department, additional direct materials are added at the end of the process. In both departments, conversion costs are incurred uniformly throughout the process. As work is completed, it is transferred out. The following table summarizes the production activity and costs for February: Beginning inventories for Molding; Assembly (first number for molding second number for assembly) Physical units 10,000;8,000 Costs: Transferred in ? ;$ 45,200 Direct materials $ 22,000; ? Conversion costs $ 13,800 ;$ 16,800 Current production: Units started 25,000 ; ? Units transferred out 30,000 ; 35,000 Costs: Transferred in ? ; ? Direct materials $ 56,250 ; $ 39,550 Conversion costs $103,500 $136,500 Percentage of completion: Beginning inventory 40% ; 50% Ending inventory 80 ; 50 Required: 1. Using the FIFO method, prepare the following for the Molding Department: a. A physical flow schedule b. An equivalent units calculation c. Calculation of unit costs. Round to four decimal places. d. Cost of ending work in process and cost of goods transferred out e. A cost reconciliation

On 1/1/2016, Choco acquired 70% of Cake. Choco paid $700,000 and acquisition date fair value of non-controlling interest (NCI) is $200,000. On 1/1/2016, Choco allocated the entire $80,000 excess fair value over book value to adjust “patented technology” account (estimated remaining life of 10 years). During 2016, Choco sold goods to Cake for $200,000 which cost Choco $170,000. Cake still owns 50% of the goods at the end of 2016. Sales revenue for Choco is $1,200,000, and for Cake is $800,000 in 2016. Cost of goods sold for Choco is $700,000 and for Cake is $500,000 in 2016.   Net income for Choco is $120,000 and for Cake is $70,000 in 2016. Cake declared $10,000 of dividends in 2016. Choco uses equity method to account for this investment

Calculate 1) gross profit in percentage and 2) gross profit for remaining year-end inventory.

What is the “equity in earnings of Cake” and “investment in Cake” in 12/31/16?

Prepare consolidation Entry TI

Prepare consolidation Entry G:

What is the consolidated sales revenue for 2016?

What is the consolidated cost of goods sold for 2016?

What is the non-controlling interest’s (NCI’s) share of consolidated net income?

SHOW STEPS, FORMULAS, AND EXPLANATIONS

a. The following table contains figures on the monthly volume and unit costs for a random sample of the 16 items from a list of 2,000 inventory items at a health care facility. Develop an A-B-C classification for these items.

b. Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage.

c. Determine the percentage of items in each category and the annual dollar value for each category for part b.

Bridges and Lloyd, an accounting firm, provides consulting and tax planning services. For many years, the firm's total administrative cost (currently $250,000) has been allocated to services on the basis of billable hours to clients. A recent analysis found that 65% of the firm's billable hours to clients resulted from tax planning services, while 35% resulted from consulting services.

The firm, contemplating a change to activity-based costing, has identified three components of administrative cost, as follows:

A recent analysis of staff support found a strong correlation between the number of staff personnel and the number of clients served (consulting, 20; tax planning, 60). In contrast, in-house computing and miscellaneous office cost varied directly with the number of computer hours logged and number of client transactions, respectively. Consulting consumed 30% of the firm's computer hours and had 20% of the total client transactions.

Assuming the use of activity-based costing, the proper percentage to use in allocating staff support costs to tax planning services is:

Multiple Choice

• 20%.

• 60%.

• 65%.

• 75%.

• 80%.

Harold McWilliams owns and manages a general merchandise store in a rural area of Virginia. Harold sells appliances, clothing, auto parts, and farming equipment, among a wide variety of other types of merchandise. Because of normal seasonal and cyclical fluctuations in the local economy, he knows that his business will also have these fluctuations, and he is planning to use CVP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year. Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent, insurance, and salaries, which are entirely fixed.

Required:

1-a. What is Harold’s margin of safety (MOS) in dollars? (Do not round intermediate calculations.)

1-b. What is the margin of safety (MOS) ratio? (Input your answer as a percentage rounded to 2 decimal places (i.e., 0.1567 = 15.67%).)

3. What is Harold’s margin of safety (in dollars) and operating profit if sales should fall to $645,000? (Do not round intermediate calculations.)

Consider the following information on the stock market.

1. Compute a price-weighted stock price index for the beginning of the year and the end of the year. What is the percentage change?
2. Compute a value-weighted stock price index for the beginning of the year and the end of the year. What is the percentage change?

Consider the following information on the stock market.

1. Compute a price-weighted stock price index for the beginning of the year and the end of the year. What is the percentage change?

2. Compute a value-weighted stock price index for the beginning of the year and the end of the year. What is the percentage change?

Assuming that 70.1% of engineering students at Curtin University in 2007 owned an iPod or mp3 player. If you select a random sample of 100 engineering undergraduates, according to this information,

1. What is the probability that between 65% and 72% of the students own an iPod or mp3 player?
2. The probability is 90% that the sample percentage will be contained within what symmetrical limits of the population percentage?

Please write step by step and use formula.

thank you a lot.

genetic experiment with peas resulted in one sample of offspring that consisted of

445

green peas and

158

yellow peas.a. Construct a

95 %

confidence interval to estimate of the percentage of yellow peas.

b. It was expected that 25% of the offspring peas would be yellow. Given that the percentage of offspring yellow peas is not 25%, do the results contradict expectations?

a. Construct a

95 %

confidence interval. Express the percentages in decimal form.

less than

(R

In a study of the accuracy of fast food​ drive-through orders, Restaurant A had 240 accurate orders and 65 that were not accurate. a. Construct a 95​% confidence interval estimate of the percentage of orders that are not accurate. b. Compare the results from part​ (a) to this 95​% confidence interval for the percentage of orders that are not accurate at Restaurant​ B: 0.195less thanpless than0.283. What do you​ conclude?

Construct a 95​% confidence interval. Express the percentages in decimal form.