Children Toys, Ltd. produces a toy called the Joy .Overhead is applied to products on the basis of direct labour hours. The company has recently implemented a standard cost system to help control costs and has established the following standards for the Joy toys:
Direct materials: 6 units per toy at $0.50 per unit
Direct labour: 1.3 hours per toy at $ 8.00 per hour
Variable manufacturing overhead: $4.00 per hour
During July, the company produced 3,000 toys. The fixed overhead expense budget for July was $24,180 with 4030 direct labour –hours as the denominator level of activity. Production data for the month on the toys follow:
Direct materials: 25,000 units were purchased at a cost of $0.48 per unit. 5,000 of these units were still in inventory at the end of the month.
Direct Labour : 4,000 direct labour hours were worked at a cost of $36,000.
Variable overhead : Actual cost in July was $ 17,000.
Fixed Overhead : Actual cost in July was $25,000.
Required:
Prepare diagrams for the materials(5), labour(4), variable manufacturing overhead(4) and fixed manufacturing overhead variances(4)
Prepare journal entries only for materials and labour.
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Dr. |
Cr. |
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In: Accounting
Information Security and Standard Organizations
-Find two movies or tv shows and describe three different information security aspects that appear in them.
-What are the main organizations of information systems and what are the codes of ethics of these organizations?
-What criteria can be used to evaluate the quality of an information security system?
In: Operations Management
Describe manufacturing technology and service technology and provide at least one example of each. Assume that you were a manager in each type of business and describe how you would utilize or how your workers would utilize each type of technology.
In: Operations Management
Based on your own real-life experience, select a product or service
that you are familiar with and describe how it meets (or does not)
meet each of the eight dimensions of quality. Also explain how this
type of information could assist you as a manager who is
responsible for managing the performance and quality for a similar
product or service.
In: Operations Management
Address one of the following questions in the discussion. Choice one: Describe each of the four methods or approaches given in the Compensatory model used for final selection decisions. Then, in your own words, describe the pros and cons of each. Choice two: Describe the Multiple Hurdles predictor method of selection – What advantage do you see in this method compared to those given in the compensatory methods explained in your text?
In: Operations Management
2. Modify assignment 1 solution code I posted to do the following:
a. Change car class to bankAccount class and TestCar class to TestBank class
b. Change mileage to balance
c. Change car info (make, model, color, year, fuel efficiency) to customer first and last name and account balance
d. Change add gas to deposit (without limit)
e. Change drive to withdraw cash
f. Change test car menu to the following Bank Account Menu choices
1 - Deposit
2 - Withdraw
3 - Display account info
4 - Exit
public class Car {
//Attributes
private double fuelEfficiency, mileage, fuelCapacity,
fuelLevel;
private String make, model, color, year;
/**
* @return the make
*/
public String getMake() {
return make;
}
/**
* @param make the make to set
*/
public void setMake(String make) {
this.make = make;
}
/**
* @return the model
*/
public String getModel() {
return model;
}
/**
* @param model the model to set
*/
public void setModel(String model) {
this.model = model;
}
/**
* @return the color
*/
public String getColor() {
return color;
}
/**
* @param color the color to set
*/
public void setColor(String color) {
this.color = color;
}
/**
* @return the year
*/
public String getYear() {
return year;
}
/**
* @param year the year to set
*/
public void setYear(String year) {
this.year = year;
}
/**
* @return the fuelEfficiency
*/
public double getFuelEfficiency() {
return fuelEfficiency;
}
/**
* @param fuelEfficiency the fuelEfficiency to
set
*/
public void setFuelEfficiency(double fuelEfficiency)
{
this.fuelEfficiency =
fuelEfficiency;
}
/**
* @return the mileage
*/
public double getMileage() {
return mileage;
}
/**
* @param mileage the mileage to set
*/
public void setMileage(double mileage) {
this.mileage = mileage;
}
/**
* @return the fuelCapacity
*/
public double getFuelCapacity() {
return fuelCapacity;
}
/**
* @param fuelCapacity the fuelCapacity to set
*/
public void setFuelCapacity(double fuelCapacity)
{
this.fuelCapacity =
fuelCapacity;
}
/**
* @return the fuelLevel
*/
public double getFuelLevel() {
return fuelLevel;
}
/**
* @param fuelLevel the fuelLevel to set
*/
public void setFuelLevel(double fuelLevel) {
this.fuelLevel = fuelLevel;
}
public Car() {
fuelLevel = 0;
fuelCapacity = 0;
mileage = 0;
fuelEfficiency = 0;
}
public Car (double fuelEfficiency, double mileage,
double fuelCapacity) {
this.fuelEfficiency =
fuelEfficiency;
this.mileage = mileage;
this.fuelCapacity =
fuelCapacity;
}
public void drive(double distance) {
double gallons =
distance/fuelEfficiency;
if(fuelLevel <gallons){
System.out.println("Not enough gas!");
}
else {
mileage =
mileage + distance;
fuelLevel =
fuelLevel - gallons;
System.out.println("You have driven " +distance+ "
mile(s).");
System.out.println();
return;
}
}
public void addGas(double fuel) {
if (fuel + fuelLevel <
fuelCapacity){
fuelLevel =
fuelLevel + fuel;
System.out.println("You have added " +fuel+ " gallon(s) of
fuel.");
System.out.println();
return;
}
else {
System.out.println("Please enter an amount of fuel less than it's
capacity.");
}
}
public void displayCar(){
System.out.println();
System.out.println("Make: " +
getMake());
System.out.println("Model: " +
getModel());
System.out.println("Color: " +
getColor());
System.out.println("Year: " +
getYear());
System.out.println("You have driven
" + getMileage() + " miles.");
System.out.println("Your fuel level
is: " + getFuelLevel() + " gallon(s)");
System.out.println("Your fuel
efficiency is " + getFuelEfficiency() + " mpg.");
System.out.println("Your fuel tank
capacity is " + getFuelCapacity() + " gallons.");
System.out.println();
}
}
In: Computer Science
Do you think traditional media like newspapers will die in the future and it will be replaced by social media?
In: Operations Management
George Products had sales of $13,000,000 for 2014. On December 31, 2014, the balance in Accounts Receivable was $4,500,000. An aging analysis of the accounts receivable indicated that $125,000 in accounts are expected to be uncollectible.
Prepare the adjusting entry to record estimated bad debts expense using the percentage of receivables basis under each of the following independent assumptions:
Allowance for Doubtful Accounts has a credit balance of $2,300 before adjustment.
Allowance for Doubtful Accounts has a debit balance of $600 before adjustment
Using the percentage of sales method 1% of sales is expected to be uncollectible. Prepare the adjusting entry under each of the following independent assumptions using the percent of sales method:
Allowance for Doubtful Accounts has a credit balance of $2,300 before adjustment.
Allowance for Doubtful Accounts has a debit balance of $600 before adjustment
In: Accounting
Describe the structured interview. What are the characteristics of structured interviews that improve on the shortcomings of unstructured interviews? Develop one original situational question and an accompanying rating scale using benchmark responses with assigned values to be used in a structured interview. Be sure to note the task you are targeting for the job.
In: Operations Management
Usually, Djikstra’s shortest-path algorithm is not used on
graphs with negative-weight edges because it may fail and give us
an incorrect answer. However, sometimes Djikstra’s will give us the
correct answer even if the graph has negative edges.
You are given graph G with at least one negative edge, and a source
s. Write an algorithm that tests whether Djikstra’s algorithm will
give the correct shortest paths from s. If it does, return the
shortest paths. If not, return ‘no.’ The time complexity should not
be longer than that of Djiksta’s algorithm itself, which is Θ(|E| +
|V | log |V |).
(Hint: First, use Djikstra’s algorithm to come up with candidate
paths. Then, write an algorithm to verify whether they are in fact
the shortest paths from s.)
In: Computer Science
This essay is general in nature and is aimed at assessing the
students’ understanding of key concepts related to strategic
planning and management, focusing on the importance of the process
of designing vision, mission and value statement for an
organization, the role of objective setting (long-term objectives
and their organizational benefits) in the process as well as the
stages of developing strategic plans, focusing mostly on strategy
formulation and implementation.
On the theoretical level, students are expected to express their
agreement or disagreement with the views in the literature based on
their professional experience. On a more practical level. using the
‘Comprehensive Strategic-Management model (David 2013, students are
encouraged to interpret the stages through examples from their own
organizations. The essay should conclude with an original summary
of the theoretical discussion, highlighting the key lessons learned
from theory in light examples presented.
(1000 words )
In: Operations Management
Identify at least three areas in a typical supply chain where RFID could be used to improve efficiency. For each area identified, you need to explain: What type of inefficiency is likely to occur and how much (reasonable estimate based on available data) would it cost the supply chain member? How would RFID improve or reduce this inefficiency?
In: Operations Management
Some methods of initial assessment appear to be more useful than others. If you were starting your own business, which initial assessment methods would you use and why? Be sure to reflect your knowledge of ideas presented in Chapter eight as you develop your own suggestions. Keep in mind the necessity of being able to measure assessments.
In: Operations Management
Discuss the causes of channel conflict as identified by Berman (1966), and explain how "clothing bank charity" resolves channel conflict
In: Operations Management
Write a C++ program using produces Huffman code for a string of text entered by the user. The string given by the user can be either 1 word or 1000 words.
Must accept all ASCII characters.
Please do not copy from the internet. This is my 3rd time
posting the same question and I have not received a correct
answer.
In: Computer Science