Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $372,000 of manufacturing overhead for an estimated allocation base of 1,200 direct labor-hours. The following transactions took place during the year:

Raw materials purchased on account, $240,000.

Raw materials used in production (all direct materials), $225,000.

Utility bills incurred on account, $67,000 (95% related to factory operations, and the remainder related to selling and administrative activities).

Accrued salary and wage costs: Direct labor (1,275 hours) $ 270,000

Indirect labor $ 98,000 Selling and administrative salaries $ 150,000

Maintenance costs incurred on account in the factory, $62,000

Advertising costs incurred on account, $144,000.

Depreciation was recorded for the year, $80,000 (85% related to factory equipment, and the remainder related to selling and administrative equipment).

Rental cost incurred on account, $105,000 (90% related to factory facilities, and the remainder related to selling and administrative facilities).

Manufacturing overhead cost was applied to jobs, $ ? .

Cost of goods manufactured for the year, $850,000.

Sales for the year (all on account) totaled $1,600,000. These goods cost $880,000 according to their job cost sheets.

The balances in the inventory accounts at the beginning of the year were:

Raw Materials $ 38,000

Work in Process $ 29,000

Finished Goods $ 68,000

Required:

1. Prepare journal entries to record the preceding transactions.

2. Post your entries to T-accounts. (Don’t forget to enter the beginning inventory balances above.)

3. Prepare a schedule of cost of goods manufactured.

4A. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. 4B. Prepare a schedule of cost of goods sold.

5. Prepare an income statement for the year.

what factors need to be considered when choosing a location for the following businesses:

(a) fast-food outlet

(b) dentist’s surgery

(c) agricultural machinery supplier

Write down a summary statement relating position and velocity in your own words, in graphical form, and in mathematical form.

How can Ikea’s Concept be related to Symbolic consumption and personality (the anti brands revolutionary concept). 2. How does IKEA’s business idea democratic design influence sensory memory which could lead to short term memory or long term memory. 3. Based on IKEA’s diamond strategy, how does the approach fululconsumer motivational needs

Draw a diagram to show functional dependency and full functional dependency

What is IT governance referring to? Why is it important? How does one implement it? Answer these questions using a brief (two-page memo) to your boss – the president of your company.

Pick any organism (other than humans and domesticated animals) that you are familiar with. It may be a plant, insect, animal or bacteria. Carefully think about the organism’s environment. Think about the organism’s life cycle and day to day life. Write a story about your organism’s life. What kind of competition does your organism experience? How is your organism uniquely adapted to compete? What other ways could your organism adapt to become more fit?  

You must include any five of the following concepts in your story

• natural selection
• artificial selection
• extinction
• adaptation
• survival of the fittest
• niche
• mimicry
• speciation
• phylogeny

1.) If a donor endows a professorial chair at a school, he or she gives a gift and indicates that the earnings from the gift must be used by a specific professor. Would the initial gift be recorded in a fund with donor restrictions or a fund without donor restrictions? Would the earnings be recorded in a fund with donor restrictions or a fund without donor restrictions?

2.) A board sets aside resources to earn investment income to support general operations. Would the resources set aside be recorded in a fund with donor restrictions or a fund without donor restrictions? Would the earnings be recorded in a fund with donor restrictions or a fund without donor restrictions?

3.)The Abby Arboretum (AA) is a not-for-profit organization that has several programs, including gardening, grade-school education, environmental efforts, and a reforestation program. It draws many volunteers for its efforts. Indicate which, if any, of the following activities should be recorded as donated services.

An architect drew up blueprints for a new greenhouse free of charge. AA would have hired an architect otherwise.

The architect makes phone calls to past clients and investors to raise contributions on behalf of AA for a capital campaign to finance the greenhouse.

After the greenhouse is built, the architect spends several days planting vegetables and flowers.

4.) Indicate whether each of the following actions would result in a change in net assets without donor restrictions or net assets with donor restrictions this year:

A donor gives the organization a cash contribution to be used for expanding the organization’s food pantry program.

The organization earns an unrealized gain on its permanent endowment. A donor pledges money to the organization but has not paid it yet.

The donor does not indicate how the money is to be used.

The organization sells goods from its online bookstore.

A donor gives the organization cash and specifies that the money is to be used in 4 years.

A donor gives 1,000 shares of Apple stock and stipulates the proceeds of the stock are not to be spent but held in perpetuity.

Building an Organization Capable of Proficient Strategy Execution: Three Key Actions. Start a discussion thread, explain how the three Key Actions need to work together for proficient strategy

in 200 words analyze the actions of andrew jackson Weighing both the pros and cons, did jackson make a good president?

A good security system must be secured at multiple layers such as 1) database, 2) computer and 3) network. Compare the differences among these three layers. Provide one security example for each and one scenario that involves all of them.

On October 30, 2018, Rashid Company Factored receivables with a carrying amount of $300000 to Mohammed company. Mohammed company assesses a finance charge of 4% of the receivable and retains 6% of the receivables. Relative to this transaction you are to determine the amount of loss on the sale to be reported in the income statement of Rashid Company for February A. Assume that Rashid factors the receivable on a without recourse basis. The journal entry is B. Assume that Rashid factors the receivables on a with recourse basis. The recourse obligations have a fair value of 2500. The journal entry for Rashid

PostgreSQL

1. Write a query to join two tables employees and departments to display the department name, first_name and last_name, hire date, and salary for all managers who have more than 15 years of experience.

2. Write a query to join the employees and departments table to find the name of the employee including the name and last name, department ID and department name.

3. Write a SQL query to join three tables of employees, departments, and locations to find the names, including first and last name, job title, department name and ID, of employees working in London.

4. Write a query to concatenate the two tables of employees and yourself to find the employee id, last_name as Employee, and their manager_id and last name as Manager.

5. Write a query to connect to the employee table and to yourself to find the name, including first_name and last_name, and the hiring date for those employees who were hired after employee Jones.

6. Write a query to combine the two employee and department tables to get the department name and the number of employees working in each department.

7. Write a query to find employee ID, title and number of days he worked, who worked in department with ID 90.

8. Write a query to combine the two employee and department tables to display the department ID, department name, and manager name.

Equipment is purchased on July 1, 2011 for $250,000. The estimated salvage value and useful life are $25,000 and 5 years, respectively. What is the depreciation expense for 2012 under: (1) straight-line method, (2) sum-of-years-digits method, and (3) double-declining balance method

The answer is  S-L: 45,000 DDB: 80,000SYD:67,500

Can you please explain step by step solution.