Questions
Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture.

Required:
1.

Classify the following manufacturing costs of Business Solutions by behavior and traceability.
Product Costs Cost by Behavior Cost by Traceability
  1. Monthly flat fee to clean workshop   (Click to select)VariableFixed   (Click to select)IndirectDirect
  2. Laminate coverings for desktops   (Click to select)VariableFixed   (Click to select)IndirectDirect
  3. Taxes on assembly workshop   (Click to select)FixedVariable   (Click to select)IndirectDirect
  4. Glue to assemble workstation component parts   (Click to select)FixedVariable   (Click to select)IndirectDirect
  5. Wages of desk assembler   (Click to select)VariableFixed   (Click to select)IndirectDirect
  6. Electricity for workshop   (Click to select)FixedVariable   (Click to select)IndirectDirect
  7. Depreciation on tools   (Click to select)VariableFixed   (Click to select)DirectIndirect
Direct materials: $2,300
Factory overhead: $480
Direct labor: $900
Beginning goods in process: none (December 31, 2011)
Ending goods in process: $580 (January 31, 2012)
Beginning finished goods inventory: none (December 31, 2011)
Ending finished goods inventory: $330 (January 31, 2012)
2.

Assume the above manufacturing costs. Prepare a manufacturing statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Manufacturing Statement
For Month Ended January 31, 2012
  (Click to select)Direct materialsFactory overhead costsAdd: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012Direct labor $
  (Click to select)Direct laborAdd: Goods in process, December 31, 2011Factory overhead costsLess: Goods in process, January 31, 2012Direct materials
  (Click to select)Direct materialsAdd: Goods in process, December 31, 2011Direct laborLess: Goods in process, January 31, 2012Factory overhead costs
  Total manufacturing costs
  (Click to select)Direct laborCost of goods manufacturedFactory overhead costsAdd: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012
  Total cost of goods in process
  (Click to select)Direct laborLess: Goods in process, January 31, 2012Cost of goods manufacturedFactory overhead costsAdd: Goods in process, December 31, 2011
  (Click to select)Add: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012Cost of goods manufacturedDirect laborFactory overhead costs $
3.

Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Partial Income Statement
For Month Ended January 31, 2012
  (Click to select)Factory overhead costsGoods available for saleFinished goods inventory, December 31, 2011Less: Finished goods inventory, January 31, 2012Cost of goods manufactured $
  (Click to select)Less: Finished goods inventory, January 31, 2012Cost of goods manufacturedGoods available for saleFinished goods inventory, December 31, 2011Factory overhead costs
  (Click to select)Cost of goods manufacturedDirect laborFinished goods inventory, December 31, 2011Goods available for saleFactory overhead costs
  (Click to select)Finished goods inventory, December 31, 2011Factory overhead costsCost of goods manufacturedLess: Finished goods inventory, January 31, 2012Direct labor
  Cost of goods sold $

In: Economics

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture.
Required:
1.

Classify the following manufacturing costs of Business Solutions by behavior and traceability.
Product Costs Cost by Behavior Cost by Traceability
  1. Monthly flat fee to clean workshop   (Click to select)VariableFixed   (Click to select)DirectIndirect
  2. Laminate coverings for desktops   (Click to select)FixedVariable   (Click to select)IndirectDirect
  3. Taxes on assembly workshop   (Click to select)FixedVariable   (Click to select)IndirectDirect
  4. Glue to assemble workstation component parts   (Click to select)VariableFixed   (Click to select)IndirectDirect
  5. Wages of desk assembler   (Click to select)VariableFixed   (Click to select)IndirectDirect
  6. Electricity for workshop   (Click to select)VariableFixed   (Click to select)IndirectDirect
  7. Depreciation on tools   (Click to select)FixedVariable   (Click to select)DirectIndirect
Direct materials: $2,600
Factory overhead: $550
Direct labor: $900
Beginning goods in process: none (December 31, 2011)
Ending goods in process: $550 (January 31, 2012)
Beginning finished goods inventory: none (December 31, 2011)
Ending finished goods inventory: $370 (January 31, 2012)
2.

Assume the above manufacturing costs. Prepare a manufacturing statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Manufacturing Statement
For Month Ended January 31, 2012
  (Click to select)Direct materialsAdd: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012Direct laborFactory overhead costs $   
  (Click to select)Less: Goods in process, January 31, 2012Direct laborAdd: Goods in process, December 31, 2011Factory overhead costsDirect materials   
  (Click to select)Direct laborDirect materialsFactory overhead costsLess: Goods in process, January 31, 2012Add: Goods in process, December 31, 2011   
  Total manufacturing costs   
  (Click to select)Less: Goods in process, January 31, 2012Cost of goods manufacturedDirect laborFactory overhead costsAdd: Goods in process, December 31, 2011   
  Total cost of goods in process   
  (Click to select)Direct laborAdd: Goods in process, December 31, 2011Cost of goods manufacturedFactory overhead costsLess: Goods in process, January 31, 2012   
  (Click to select)Cost of goods manufacturedAdd: Goods in process, December 31, 2011Direct laborFactory overhead costsLess: Goods in process, January 31, 2012 $   
3.

Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Partial Income Statement
For Month Ended January 31, 2012
  (Click to select)Less: Finished goods inventory, January 31, 2012Finished goods inventory, December 31, 2011Factory overhead costsGoods available for saleCost of goods manufactured $   
  (Click to select)Factory overhead costsCost of goods manufacturedLess: Finished goods inventory, January 31, 2012Finished goods inventory, December 31, 2011Goods available for sale   
  (Click to select)Factory overhead costsDirect laborFinished goods inventory, December 31, 2011Cost of goods manufacturedGoods available for sale   
  (Click to select)Factory overhead costsFinished goods inventory, December 31, 2011Cost of goods manufacturedDirect laborLess: Finished goods inventory, January 31, 2012   
  Cost of goods sold $   

In: Accounting

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture.

Required:
1.

Classify the following manufacturing costs of Business Solutions by behavior and traceability.
Product Costs Cost by Behavior Cost by Traceability
  1. Monthly flat fee to clean workshop   (Click to select)VariableFixed   (Click to select)IndirectDirect
  2. Laminate coverings for desktops   (Click to select)VariableFixed   (Click to select)IndirectDirect
  3. Taxes on assembly workshop   (Click to select)FixedVariable   (Click to select)IndirectDirect
  4. Glue to assemble workstation component parts   (Click to select)FixedVariable   (Click to select)IndirectDirect
  5. Wages of desk assembler   (Click to select)VariableFixed   (Click to select)IndirectDirect
  6. Electricity for workshop   (Click to select)FixedVariable   (Click to select)IndirectDirect
  7. Depreciation on tools   (Click to select)VariableFixed   (Click to select)DirectIndirect
Direct materials: $2,300
Factory overhead: $480
Direct labor: $900
Beginning goods in process: none (December 31, 2011)
Ending goods in process: $580 (January 31, 2012)
Beginning finished goods inventory: none (December 31, 2011)
Ending finished goods inventory: $330 (January 31, 2012)
2.

Assume the above manufacturing costs. Prepare a manufacturing statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Manufacturing Statement
For Month Ended January 31, 2012
  (Click to select)Direct materialsFactory overhead costsAdd: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012Direct labor $
  (Click to select)Direct laborAdd: Goods in process, December 31, 2011Factory overhead costsLess: Goods in process, January 31, 2012Direct materials
  (Click to select)Direct materialsAdd: Goods in process, December 31, 2011Direct laborLess: Goods in process, January 31, 2012Factory overhead costs
  Total manufacturing costs
  (Click to select)Direct laborCost of goods manufacturedFactory overhead costsAdd: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012
  Total cost of goods in process
  (Click to select)Direct laborLess: Goods in process, January 31, 2012Cost of goods manufacturedFactory overhead costsAdd: Goods in process, December 31, 2011
  (Click to select)Add: Goods in process, December 31, 2011Less: Goods in process, January 31, 2012Cost of goods manufacturedDirect laborFactory overhead costs $
3.

Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Partial Income Statement
For Month Ended January 31, 2012
  (Click to select)Factory overhead costsGoods available for saleFinished goods inventory, December 31, 2011Less: Finished goods inventory, January 31, 2012Cost of goods manufactured $
  (Click to select)Less: Finished goods inventory, January 31, 2012Cost of goods manufacturedGoods available for saleFinished goods inventory, December 31, 2011Factory overhead costs
  (Click to select)Cost of goods manufacturedDirect laborFinished goods inventory, December 31, 2011Goods available for saleFactory overhead costs
  (Click to select)Finished goods inventory, December 31, 2011Factory overhead costsCost of goods manufacturedLess: Finished goods inventory, January 31, 2012Direct labor
  Cost of goods sold $

In: Accounting

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation...

Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture.
Required:
1.

Classify the following manufacturing costs of Business Solutions by behavior and traceability.
Product Costs Cost by Behavior Cost by Traceability
  1. Monthly flat fee to clean workshop   (Click to select)FixedVariable   (Click to select)IndirectDirect
  2. Laminate coverings for desktops   (Click to select)VariableFixed   (Click to select)IndirectDirect
  3. Taxes on assembly workshop   (Click to select)VariableFixed   (Click to select)IndirectDirect
  4. Glue to assemble workstation component parts   (Click to select)VariableFixed   (Click to select)DirectIndirect
  5. Wages of desk assembler   (Click to select)VariableFixed   (Click to select)IndirectDirect
  6. Electricity for workshop   (Click to select)FixedVariable   (Click to select)DirectIndirect
  7. Depreciation on tools   (Click to select)VariableFixed   (Click to select)DirectIndirect
Direct materials: $2,200
Factory overhead: $540
Direct labor: $1,100
Beginning goods in process: none (December 31, 2011)
Ending goods in process: $510 (January 31, 2012)
Beginning finished goods inventory: none (December 31, 2011)
Ending finished goods inventory: $310 (January 31, 2012)
2.

Assume the above manufacturing costs. Prepare a manufacturing statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Manufacturing Statement
For Month Ended January 31, 2012
  (Click to select)Direct laborDirect materialsAdd: Goods in process, December 31, 2011Factory overhead costsLess: Goods in process, January 31, 2012 $   
  (Click to select)Add: Goods in process, December 31, 2011Direct laborFactory overhead costsDirect materialsLess: Goods in process, January 31, 2012   
  (Click to select)Direct laborFactory overhead costsDirect materialsLess: Goods in process, January 31, 2012Add: Goods in process, December 31, 2011   
  Total manufacturing costs   
  (Click to select)Direct laborCost of goods manufacturedAdd: Goods in process, December 31, 2011Factory overhead costsLess: Goods in process, January 31, 2012   
  Total cost of goods in process   
  (Click to select)Add: Goods in process, December 31, 2011Cost of goods manufacturedDirect laborLess: Goods in process, January 31, 2012Factory overhead costs   
  (Click to select)Less: Goods in process, January 31, 2012Factory overhead costsCost of goods manufacturedAdd: Goods in process, December 31, 2011Direct labor $   
3.

Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2012. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Business Solutions
Partial Income Statement
For Month Ended January 31, 2012
  (Click to select)Less: Finished goods inventory, January 31, 2012Cost of goods manufacturedFinished goods inventory, December 31, 2011Factory overhead costsGoods available for sale $   
  (Click to select)Finished goods inventory, December 31, 2011Less: Finished goods inventory, January 31, 2012Goods available for saleFactory overhead costsCost of goods manufactured   
  (Click to select)Cost of goods manufacturedFactory overhead costsFinished goods inventory, December 31, 2011Goods available for saleDirect labor   
  (Click to select)Finished goods inventory, December 31, 2011Cost of goods manufacturedLess: Finished goods inventory, January 31, 2012Direct laborFactory overhead costs   
  Cost of goods sold $   

In: Accounting

You, the CFO of a large corporation, are evaluating the value of three different investment opportunities:...

You, the CFO of a large corporation, are evaluating the value of three different investment opportunities:

Project A: We expect this project to yield cash flows of $5 million over the next ten years.

Project B: We expect this project to yield zero cash flows for the first four years but then a $50 million dollar cash flow at the end of the fifth year.

Project C: We expect this project to yield cash flows of $500,000 forever.

If we assume that the rate of return or “r” is 5% for each of these projects, which project (set of cash flows) is worth the most to us TODAY?

In: Finance

What impact will the COVID-19 pandemic have on jobs? | World Economic Forum Read the articles...

What impact will the COVID-19 pandemic have on jobs? | World Economic Forum

  • Read the articles (What impact will the COVID-19 pandemic have on jobs? | World Economic Forum)
  • Create short summary of the article(about 10 sentences long) by trying to capture only the most important points
  • Make a list of the terms/concepts that you have heard/seen for the first time (e.g., supply chain management). Could you understand what they are just reading through the article?  
  • Make a list of three things that you did not know before reading it on the article

In: Economics

The COVID-19 pandemic is first and foremost a human tragedy. Measures introduced to deal with the...

The COVID-19 pandemic is first and foremost a human tragedy. Measures introduced to deal with the pandemic could save lives but are having wide-ranging economic effects and inducing economic contagion. Greater focus is needed on the transmission mechanisms of the economic contagion and how assessments of the economic impacts are made.

Q1       Assess the impacts of Covid-19 outbreak on regional trading agreements such as ASEAN and European Union.

Q2       Discuss the impacts of Covid-19 crisis on global financial market and the role of International Monetary Fund (IMF) in overcoming the crisis.

-The answer most be more then 1700 word withe references

In: Economics

For this discussion: Read the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct....

For this discussion:

  • Read the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct.
  • Read and assess the current Institute of Management Accountants (IMA) Statement of Ethical Professional Practice, which promotes ethical behavior and provides guidance for the dilemmas managerial accountants are confronted with today.
  • For the first part of this week’s discussion:
    • Compare the IMA Statement of Ethical Professional Practice to the AICPA Code of Professional Conduct and assess the effectiveness of the two codes.
  • For the second part:
    • Assess the aspects of a managerial accountant's job that are most likely to be challenged ethically and suggest the approach(es) you will take to handle these situations.   

In: Accounting

The first step in the scientific method is creating a new theory of how something works...

The first step in the scientific method is creating a new theory of how something works or offering an amendment to an old theory. Step two is finding a way to test the new theory versus the old one where the old theory is represented in the Null hypothesis and the new one in the Alternative hypothesis. Outside of physics and chemistry, most research is conducted on stochastic (distributional rather than single outcome) variables that are influenced by multiple factors. Write a 300-500-word essay explaining how and why multiple regression might be a valuable tool for researchers in behavioral, social, and medical science.

In: Statistics and Probability

First, among asexually reproducing species, what main mechanism produces genetic changes from one generation to the next, and how does this mechanism do so?

 First, among asexually reproducing species, what main mechanism produces genetic changes from one generation to the next, and how does this mechanism do so? Next, describe in detail three main mechanisms that produce genetic diversity among sexually reproducing species, placing emphasis on how two mechanisms in meiosis do so. Lastly, most eukaryotic organisms reproduce sexually. What is a survival benefit(s) of this mode of reproduction?

 Copy your prepared response in the text box provided. Your answer should be around 400 words or 1-2 well-developed paragraphs.



In: Biology