Questions
ACTIVE LISTENING PARTNER ACTIVITY Meet with a partner. Each person will spend 5 minutes talking about...

ACTIVE LISTENING PARTNER ACTIVITY

Meet with a partner. Each person will spend 5 minutes talking about practical applications of their coursework that they've seen in the field already. The other partner will practice active listening and ask meaningful questions as appropriate.

After you've met, answer the following:

  • How skilled are you at the various components of active listening and what areas would you focus on to improve?
  • When you were listening to the other person, did you fully understand the message or did you 'decide' what they are saying before they are finished? What effect did that have on the conversation?

In: Operations Management

1.Convert (FA)16 to decimal 2.Convert (10101110)2 to decimal. 3.Convert (0.10101)2 to decimal.

1.Convert (FA)16 to decimal

2.Convert (10101110)2 to decimal.

3.Convert (0.10101)2 to decimal.

In: Computer Science

Discuss the need to document disciplinary actions and to provide the right of appeal

Discuss the need to document disciplinary actions and to provide the right of appeal

In: Operations Management

discuss the nature of group conflict in organizations

discuss the nature of group conflict in organizations

In: Operations Management

Problem 8-50 Prepare a Production Cost Report and Adjust Inventory Balances: Weighted-Average Method (LO 8-3, 4)...

Problem 8-50 Prepare a Production Cost Report and Adjust Inventory Balances: Weighted-Average Method (LO 8-3, 4) The records of Fremont Corporation’s initial and unaudited accounts show the following ending inventory balances, which must be adjusted to actual costs. Units Unaudited Costs Work-in-process inventory 215,000 $ 818,897 Finished goods inventory 26,000 366,250 As the auditor, you have learned the following information. Ending work-in-process inventory is 40 percent complete with respect to conversion costs. Materials are added at the beginning of the manufacturing process, and overhead is applied at the rate of 80 percent of the direct labor costs. There was no finished goods inventory at the start of the period. The following additional information is also available. Costs Units Direct Materials Direct Labor Beginning inventory (80% complete as to labor) 93,000 $ 435,600 $ 524,000 Units started 590,000 Current costs 1,750,000 2,246,000 Units completed and transferred to finished goods inventory 468,000 Required: a. Prepare a production cost report for Fremont using the weighted-average method. (Hint: You will need to calculate equivalent units for three categories: materials, labor, and overhead.) (Round "Cost per equivalent unit" to 2 decimal places.)

DETAILS
Total Costs Materials Labor Overhead
Costs to be accounted for:
Costs in beginning WIP inventory $435,600 $524,000    ?
Current period costs 1,750,000 2,246,000     ?
Total costs to be accounted for $0 $2,185,600 $2,770,000 ?
Cost per equivalent unit:
Materials $3.20
Labor $5.00
Overhead ?
Costs accounted for:
Costs assigned to units transferred out:
Materials $1,497,600 $1,497,600
Labor 2,340,000 2,340,000
Overhead ?
Total costs of units transferred out $3,837,600
Costs assigned to ending WIP inventory:
Materials 688,000 688,000
Labor 430,000 430,000
Overhead ?
Total ending WIP inventory $1,118,000
Total costs accounted for $4,955,600 $2,185,600 $2,770,000

$0

Journal entry worksheet

  • Record the difference between the unaudited records and actual ending balances of Work-in-Process Inventory and Finished Goods Inventory.

Note: Enter debits before credits.

Event General Journal Debit Credit
1 Work in process
Finished goods
Cost of goods sold

c. If the adjustment in requirement (b) is not made, will the company’s income and inventories be overstated or understated?

Income would have been
Work in process would have been
Finished goods would have been

In: Accounting

Cooper Ltd. has 2 operating divisions: domestic sales and international sales.  They also have 2 support divisions:...

Cooper Ltd. has 2 operating divisions: domestic sales and international sales.  They also have 2 support divisions: accounting support and human resources support. For the past year, Cooper’s cost records show the following information:

Support Divisions

Operating Divisions

Account’g Support

Human Resources Support

Domestic Sales

Inter-national Sales

Total

Budgeted costs incurred before any interdivision cost allocations

$500,000

$600,000

$8,400,000

$7,500,000

$ 17,000,000

Support work supplied by Accounting (based on # of employees)

20%

40%

40%

100%

Support work supplied by Human Resources (based on # of staffing actions)

10%

60%

30%

100%

Required:

  1. Allocate the 2 support divisions’ costs to the operating divisions using the Direct Method.
  2. Allocate the 2 support divisions’ costs to the operating divisions using the Reciprocal Method.
  3. Allocate the 2 support divisions’ costs to the operating divisions using the Step Down Method – Allocate Accounting Support first.
  4. What method do you recommend and why?
  5. Cooper Ltd. would like to share the services of a consultant with another company, Hofstadter Inc.  The consultant will work a total of 1,000 hours for both companies: 700 for Cooper and 300 hours for Hofstadter Inc.  The total cost of the contract will be $368,000.  If Cooper were to contract directly with the consultant for 700 hours, the cost would have been $350,000. If Hofstadter were to contract directly with the consultant, the contract would have cost them $ 150,000. How should the companies divide up the cost of the consultant?

In: Finance

A retired couple supplement their income by making fruit pies, which they sell to a local...

A retired couple supplement their income by making fruit pies, which they sell to a local grocery store. During the month of September, they produce apple and grape pies. The apple pies are sold for $1.40 to the grocer, and the grape pies are sold for $1.25. The couple is able to sell all of the pies they produce owing to their high quality. They use fresh ingredients. Flour and sugar are purchased once each month. For the month of September, they have 1,150 cups of sugar and 1,800 cups of flour. Each apple pie requires 1½ cups of sugar and 3 cups of flour, and each grape pie requires 2 cups of sugar and 3 cups of flour.

a. Determine the number of grape and the number of apple pies that will maximize revenues if the couple working together can make an apple pie in 8 minutes and a grape pie in 2 minutes. Together, they plan to work no more than 45 hours. (Round your answers to nearest whole number. Omit the "$" sign in your response.)

Apple Pieces
Grape Pieces
Revenue $


b. Determine the amounts of sugar, flour, and time that will be unused. (Leave no cells blank - be certain to enter "0" wherever required. Round your intermediate calculations and final answers to the nearest whole number.)

Sugar cups
Flour cups
Time minutes

In: Operations Management

Define ergonomics. Discuss the role of ergonomics in job design. Give at least three (3) existing...

Define ergonomics. Discuss the role of ergonomics in job design. Give at least three (3) existing ergonomics design. Explain how these designs help workers to be more productive

In: Operations Management

A stopper on a string is swung horizontally over a student’s head. The other end of...

A stopper on a string is swung horizontally over a student’s head. The other end of the string is connected to a 0.200 kg mass that remains stationary. If the stopper completes 20 revolutions in 5.5 seconds with a radius of 0.75 m, then what is the mass of the stopper? Hint: In order to be in equilibrium, the vertical weight of the mass in N, needs to equal the centripetal force of the stopper. To find the velocity of the stopper, you will need to multiply the circumference it would travel by how many revolutions it has made, and divide that by the time

In: Physics

A small candy shop is preparing for the holiday season. The owner must decide how many...

A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Delite to put up. The deluxe mix has .70 pound raisins and .30 pound peanuts, and the standard mix has .50 pound raisins and .50 pound peanuts per bag. The shop has 75 pounds of raisins and 60 pounds of peanuts to work with.
Peanuts cost $.60 per pound and raisins cost $1.50 per pound. The deluxe mix will sell for $2.55 per pound, and the standard mix will sell for $2.40 per pound. The owner estimates that no more than 120 bags of one type can be sold.

a.
If the goal is to maximize profits, how many bags of each type should be prepared? Use Excel Solver. (Round intermediate cost calculations to 2 decimal places and round your answers to the nearest whole number.)

Deluxe bags
Standard bags

  
b. What is the expected profit? Use Excel Solver. (Enter your answer based on the unrounded (not rounded) decision variable values from Part a. Round your answer to the nearest whole number. Omit the "$" sign in your response.)

Profit           $

In: Operations Management

In broad terms, why is some risk diversifiable? Why is other risk non-diversifiable? Differentiate between the...

In broad terms, why is some risk diversifiable? Why is other risk non-diversifiable? Differentiate between the two types of risk. Does it follow that an investor can control the level of unsystematic risk in a portfolio, but not the level of systematic risk?

In: Finance

Can I have an external environmental analysis related to PESTLE or the 5 forces for Starbucks,...

Can I have an external environmental analysis related to PESTLE or the 5 forces for Starbucks, please?

In: Operations Management

Two small loudspeakers emit sound waves of different frequencies equally in all directions. Speaker A has...

Two small loudspeakers emit sound waves of different frequencies equally in all directions. Speaker A has an output of 1.30 mW, and speaker B has an output of 1.90 mW. Two speakers A and B are represented as points which serve as the centers of concentric circles representing sound waves emanating from the speakers. The concentric circles about speaker A are spaced more closely together than the concentric circles about speaker B. The points lie along a horizontal line, and speaker A is 5.00 m to the left of speaker B. A vertical line is drawn that intersects the horizontal line at a distance of 3.00 m from the left speaker and 2.00 m from the right speaker. Point C lies along this vertical line at a distance of 4.00 m above the point of intersection. (a) Determine the sound level (in decibels) at point C in the figure if only speaker A emits sound. (Enter your answer to at least one decimal place.) dB (b) Determine the sound level (in decibels) at point C in the figure if only speaker B emits sound. (Enter your answer to at least one decimal place.) dB (c) Determine the sound level (in decibels) at point C in the figure if both speakers emit sound. (Enter your answer to at least the nearest dB.) dB/Users/crystaldawnmcclendon/Desktop/14-p-064.gif

In: Physics

Business Law Question Alina, a chef who has never owned her own restaurant, sues a builder...

Business Law Question

Alina, a chef who has never owned her own restaurant, sues a builder who failed to finish building her first restaurant on time. She presents evidence of the profits made by similar restaurants that have been in business for some time. Is this good evidence of the damages she has suffered because of the delay? To what damages is she entitled?

In: Operations Management

When considering organisational risk it is important to review the political, economic, social, legal, technological, and...

When considering organisational risk it is important to review the political, economic, social, legal, technological, and policy context. Comment on the influence/ impact each of those factors has on an organisation’s risk profile—the risk scope and context. (500–700 words)

In: Accounting