Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 2,000 | ||
| Materials costs | $ | 9,300 | |
| Conversion costs | $ | 10,600 | |
| Percent complete with respect to materials | 85 | % | |
| Percent complete with respect to conversion | 55 | % | |
| Units started into production during the month | 8,500 | ||
| Units transferred to the next department during the month | 7,600 | ||
| Materials costs added during the month | $ | 104,200 | |
| Conversion costs added during the month | $ | 185,900 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,900 | ||
| Percent complete with respect to materials | 60 | % | |
| Percent complete with respect to conversion | 50 | % | |
The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to:
In: Accounting
First, describe your personal creative thinking profile using the course text and "Tapping into Our Creative Thinking Skills to Manage Complex Problems" from this week’s Resources. You may find you identify with more than one style. Identify your first and second preferences and validate those preferences with examples that illustrate the two styles. In your descriptions, include insights you gained about your creative thinking preferences and skills.
Based on careful reflection on your current or most recent professional role or a role you would aspire to have, describe the aspects of your work that align well with your profile, as well as those that do not.
Explain how you, as a colleague or manager, will respect, learn from, and collaborate with individuals with similar or different creative thinking styles. Propose how organizations can best use differences in creative thinking to create sustainable, competitive advantages.
In: Operations Management
The first week of the course you were asked to give an example of how you would use statistics in your job or everyday life. As expected, most of you gave examples of descriptive statistics. They were things like finding averages, using graphs or considering the chance of something happening. As you have now discovered there is an entire second branch of statistics called Inferential Statistics. In this post I am asking the same question but this time I want your examples to relate to Inferential Statistics (things like confidence intervals and hypothesis testing). You need to give TWO examples. For the first example, identify something that you could use in your everyday life and for the second example identify something you could use it for in your job or your future profession if you are not currently working. You should be specific and avoid just saying vague statements.
In: Statistics and Probability
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 2,200 | ||
| Materials costs | $ | 8,600 | |
| Conversion costs | $ | 3,900 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 25 | % | |
| Units started into production during the month | 8,100 | ||
| Units transferred to the next department during the month | 7,300 | ||
| Materials costs added during the month | $ | 111,700 | |
| Conversion costs added during the month | $ | 84,800 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 3,000 | ||
| Percent complete with respect to materials | 70 | % | |
| Percent complete with respect to conversion | 55 | % | |
The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to:
In: Accounting
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 2,000 Materials costs $ 8,400 Conversion costs $ 3,700 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,900 Units transferred to the next department during the month 7,100 Materials costs added during the month $ 111,500 Conversion costs added during the month $ 84,600 Ending work in process inventory: Units in ending work in process inventory 2,800 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost transferred from the first processing department to the next processing department during the month is closest to:
In: Accounting
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Dinklage Corp. has 4 million shares of common stock outstanding. The current share price is $70, and the book value per share is $9. The company also has two bond issues outstanding. The first bond issue has a face value of $75 million, a coupon rate of 7 percent, and sells for 95 percent of par. The second issue has a face value of $60 million, a coupon rate of 6 percent, and sells for 107 percent of par. The first issue matures in 25 years, the second in 8 years. |
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Suppose the most recent dividend was $4.30 and the dividend growth rate is 4.5 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 21 percent. What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
In: Finance
Dinklage Corp. has 5 million shares of common stock outstanding. The current share price is $71, and the book value per share is $10. The company also has two bond issues outstanding. The first bond issue has a face value of $80 million, a coupon rate of 4 percent, and sells for 96 percent of par. The second issue has a face value of $65 million, a coupon rate of 3 percent, and sells for 108 percent of par. The first issue matures in 20 years, the second in 9 years. Suppose the most recent dividend was $4.35 and the dividend growth rate is 4.6 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 22 percent. What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
In: Finance
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 1,400 | ||
| Materials costs | $ | 7,800 | |
| Conversion costs | $ | 3,100 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 25 | % | |
| Units started into production during the month | 7,300 | ||
| Units transferred to the next department during the month | 6,500 | ||
| Materials costs added during the month | $ | 110,900 | |
| Conversion costs added during the month | $ | 84,000 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,200 | ||
| Percent complete with respect to materials | 70 | % | |
| Percent complete with respect to conversion | 55 | % | |
The total cost transferred from the first processing department to the next processing department during the month is closest to:
Multiple Choice
$195,408
$186,108
$169,397
$211,098
In: Accounting
Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 2,000 | ||
| Materials costs | $ | 8,400 | |
| Conversion costs | $ | 3,700 | |
| Percent complete with respect to materials | 55 | % | |
| Percent complete with respect to conversion | 25 | % | |
| Units started into production during the month | 7,900 | ||
| Units transferred to the next department during the month | 7,100 | ||
| Materials costs added during the month | $ | 111,500 | |
| Conversion costs added during the month | $ | 84,600 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,800 | ||
| Percent complete with respect to materials | 70 | % | |
| Percent complete with respect to conversion | 55 | % | |
The cost of ending work in process inventory in the first processing department according to the company’s cost system is closest to: (Round your intermediate calculations to 3 decimal places.)
In: Accounting
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
| Beginning work in process inventory: | |||
| Units in beginning work in process inventory | 1,400 | ||
| Materials costs | $ | 13,500 | |
| Conversion costs | $ | 5,600 | |
| Percent complete with respect to materials | 75 | % | |
| Percent complete with respect to conversion | 20 | % | |
| Units started into production during the month | 10,100 | ||
| Units transferred to the next department during the month | 9,000 | ||
| Materials costs added during the month | $ | 172,600 | |
| Conversion costs added during the month | $ | 242,600 | |
| Ending work in process inventory: | |||
| Units in ending work in process inventory | 2,500 | ||
| Percent complete with respect to materials | 90 | % | |
| Percent complete with respect to conversion | 30 | % | |
The cost per equivalent unit for materials for the month in the first processing department is closest to:
Multiple Choice
$14.78
$15.09
$16.03
$16.54
In: Accounting