Accounting-Assign total costs to the units in the ending work in process inventory

Cost AccountingThis problem focuses on the Assembly Department of a manufacturing operation. Directmaterials are added at the end of the process. Direct labor and overhead (referred tocollectively as conversion costs) are added evenly throughout the process. When the AssemblyDepartment finishes work on each unit is immediately transferred to the Testing Department.The company uses the weighted average method of process costing. Data for October follows:Physical UnitsWork in process October 14,500Started during October$1,200,000$400,000$5,000,000$2,500,00025,000Completed during OctoberDirect Materials Conversion Costs22,000Work in process, October 317,500Total costs added during OctoberBeginning Inventory degree of completion – 70%Ending Inventory degree of completion – 60%1.Compute equivalent units with respect to direct materials for October.2. Compute equivalent units with respect to conversion costs for October.3. Summarize total Assembly Department costs and calculate the cost per equivalent unit forDirect Materials.4. Summarize total Assembly Department costs and calculate the cost per equivalent unit forConversion Costs.5. Assign total costs to the units completed and transferred out.6. Assign total costs to the units in the ending work in process inventory .For questions 7 through 12 begin again and assume the FIFO method of process costing7. Compute equivalent units with respect to direct materials for October.8. Compute equivalent units with respect to conversion costs for October.9. Summarize total Assembly Department costs and calculate the cost per equivalent unit forDirect Materials.10. Summarize total Assembly Department costs and calculate the cost per equivalent unit forConversion Costs.11. Assign total costs to the units completed and transferred out.12. Assign total costs to the units in the ending work in process inventory.

Philosophy of mind” particularly chapter 4 and chapter 5

Hello, i need help understanding and summarising John Heil’s work “Philosophy of mind” particularly chapter 4 and chapter 5 and i need help in understanding (basically please summarise the important points) Fodor’s work based on the articles ” The persistence of attitudes” “why there must be a language of thought” and “Can there be a LOT”

where the distance units are kilometres and the time units are hours

I have this math question… Boat A’s position is given by x(t)=3-t, y(t)=2t-4 where the distance units are kilometres and the time units are hours. Boat B’s position is given by x(t)=4-3t, y(t)=3-2t. Then I figured out that the initial position of each boat is: A: (3,-4), B: (4,3) And the velocity vector of each boat is: A: (-1, 2), B: (-3, -2) So at what time are the boats closest to each other? I know the two lines meet at one point, but since the the speed at which each boat is moving is different, one boat will get to the intersect earlier than the other, and therefore this will not work. So how do I find when the boats are closest?

Accounting-Cost of raw materials is debited to Raw Materials

1. Cost of raw materials is debited to Raw Materials Inventory when thea. materials are ordered.b. materials are received.c. materials are put into production.d. bill for the materials is paid.2. Managerial accounting is applicable toa. service entities.b. manufacturing entities.c. not-for-profit entities.d. all of these.3. The principal accounting record used in assigning costs to jobs isa. a job cost sheet.b. the cost of goods manufactured schedule.c. the Manufacturing Overhead control account.d. the store ledger cards.4. When manufacturing overhead costs are assigned to production in aprocess cost system, they are debited toa. the Finished Goods Inventory account.b. Cost of Goods Sold.c. a Manufacturing Overhead account.d. the Work in Process account.5. A process cost accounting system is most appropriate whena. a variety of different products are produced, each one requiringdifferent types of material, labor, and overhead.b. the focus of attention is on a particular job or order.c. similar products are mass-produced.d. individual products are custom made to the specification ofcustomers.6. Internal reports are generallya. aggregated.b. detailed.c. regulated.d. unreliable.7. Equivalent units are calculated bya. multiplying the percentage of work done by the equivalent unitsof output.b. dividing physical units by the percentage of work done.c. multiplying the percentage of work done by the physical units.d. dividing equivalent units by the percentage of work done.8. On the cost of goods manufactured schedule, the cost of goodsmanufactured agrees with thea. balance of Finished Goods Inventory at the end of the period.b. total debits to Work in Process Inventory during the period.c. amount transferred from Work in Process Inventory to FinishedGoods during the period.d. debits to Cost of Goods Sold during the period.9. Job cost sheets constitute the subsidiary ledger for thea. Finished Goods Inventory account.b. Cost of Goods Sold account.c. Work In Process Inventory account.d. Cost of Goods Manufactured account.10. If annual overhead costs are expected to be $600,000 and directlabor costs are expected to be $1,000,000, thena. $1.67 is the predetermined overhead rate.b. for every dollar of manufacturing overhead, 60 cents of directlabor will be assigned.c. for every dollar of direct labor, 60 cents of manufacturingoverhead will be assigned.d. a predetermined overhead rate cannot be determined.11. The flow of costs in a job order cost systema. involves accumulating manufacturing costs incurred and assigningthe accumulated costs to work done.b. cannot be measured until all jobs are complete.c. measures product costs for a set time period.d. generally follows a LIFO cost flow assumption.12. A manufacturing company reports cost of goods manufactured asa. a current asset on the balance sheet.b. an administrative expense on the income statement.c. a component in the calculation of cost of goods sold on theincome statement.d. a component of the raw materials inventory on the balance sheet.13. Both direct materials and indirect materials area. raw materials.b. manufacturing overhead.c. merchandise inventory.d. sold directly to customers by a manufacturing company.14. Factory Labor is a(n)a. expense account.b. control account.c. subsidiary account.d. manufacturing cost clearing account.In the month of June, a department had 6,000 units in beginning workin process that were 70% complete. During June, 24,000 units weretransferred into production from another department. At the end ofJune there were 3,000 units in ending work in process that were 40%complete. Materials are added at the beginning of the process whileconversion costs are incurred uniformly throughout the process.15. The equivalent units of production for materials for June wasa. 27,000 equivalent units.b. 30,000 equivalent units.c. 31,200 equivalent units.d. 24,000 equivalent units.16. The wages of a timekeeper in the factory would be classified asa. a prime cost.b. direct labor.c. indirect labor.d. compliance costs.17. In determining total manufacturing costs on the cost of goodsmanufactured schedule,a. beginning work in process inventory should have a zero balance.b. actual manufacturing overhead costs appear as a deduction.c. manufacturing overhead applied is added to direct materials anddirect labor.d. ending work in process inventory is deducted from beginning workin process inventory.18. Debits to Work in Process Inventory are accompanied by a credit toall but one of the following accounts:a. Raw Materials Inventory.b. Factory Labor.c. Manufacturing Overhead.d. Cost of Goods Sold.19. Manufacturing costs that cannot be classified as either directmaterials or direct labor are known asa. period costs.b. nonmanufacturing costs.c. selling and administrative expenses.d. manufacturing overhead.20. Overhead application is recorded with aa. credit to Work in Process Inventory.b. credit to Manufacturing Overhead.c. debit to Manufacturing Overhead.d. credit to job cost sheets.(Problem #21 is 16 points)21. For each item, identify all applicable cost labels. Use thefollowing code in your answer:1 Conversion Cost2 Product Cost3 Period Costa. Advertisingb. Direct materials usedc. Sales salariesd. Indirect factory labor_______________f. Factory managers salaryg. Direct labor______h. Indirect materials___________e. Repairs to office equipment _____(Problem #22 is 14 points)22. Manufacturing costs for Carson Company for selected months are asfollows:AprilJulyOctober______Beginning work in process$ 80,000Direct materials used280,000Direct labor195,000Manufacturing overhead(a)Total manufacturing costs870,000Total cost of work in process(b)Ending work in process75,000Cost of goods manufactured(c)Beginning finished goods(d)Cost of goods available for sale 960,000Ending finished goods(e)Cost of goods sold820,000INSTRUCTIONSIndicate the missing amounts.(Problem #23 is 10 points)(f)$190,000170,000150,000510,000640,000(g)505,00038,000(h)75,000(i)$ 98,000155,000(j)90,000430,000(k)(l)385,000(m)480,000(n)355,00023. Hardy Company manufactures a single product by a continuous process,involving two production departments. The records indicate that$120,000 of direct materials were issued to and $200,000 of directlabor was incurred by Department 1 in the manufacture of theproduct. The factory overhead rate is $20 per machine hour; machinehours were 5,000 in Department 1. Work in process in the departmentat the beginning of the period totaled $35,000; and work in processat the end of the period was $25,000.INSTRUCTIONSPrepare entries to record(a) The flow of costs into Department 1 for(1) direct materials(2) direct labor(3) overhead(b) The transfer of production costs to Department 2.

Read the stories of Theseus and Perseus. Then pick one of them to

Paper Topic

Read the stories of Theseus and Perseus. Then pick one of
them to write about. Your task is to identify the journey (or journeys)
that your selected hero completed. Dont retell the whole story of the
journey(s), but describe what you think the hero learned from the
experience(s). Then describe a similar kind of journey that youve
completed or that youre currently on and write about what youve learned from
the trek (think metaphorically about this part of the task). If you
havent been on any journeys similar to any of the journeys of Perseus or
Theseus, describe how you might set up a situation for yourself that would
enable you to undertake such a journey. What would expect or hope to
learn on that journey?

Grading Criteria for this Paper (worth 80
points)

Meets minimum length requirement”10 points

Is submitted in hard copy on or before the due date”10 points

Has a consistent theme and argument(s) throughout”20 points

(that is, we should be able to see that you thought through what
you were going to say before you started writing and werent just making it up
as you went along; your final paragraph should be a logical conclusion to the
thoughts you presented in the body of the paper)

Describes cogently what Perseus or Theseus might have learned on
the journey(s) youve identified in his story”15 points

Is free of grammatical errors, misspellings, and awkward
sentences”25 points

Nature of the Papers

not research projects

o but any ideas, wording, etc. taken from other
sources must be cited

§ plagiarized papers could result in a failing grade in the class and even
further discplinary action from the University

·
require
thought and creative application of aspects of myth

·
grammar,
spelling, diction, and style are very important

·
six-page minimum
length requirement is absolute

o shorter papers will receive very low marks

o cover pages, endnotes, bibliographies do not count
towards the five-page total

o even one sentence on a fifth page makes it a
five-page paper (assuming your margins are not excessive)

·
all
papers must by typed

·
emailed
papers will not be accepted (except by prior arrangement)

·
use
a 12-point font

·
no
margins in excess of 1.25 inches

·
NO cover page, folder, binder, or plastic cover

Accounting-Moreno Industries has adopted the following production budget

Moreno Industries has adopted the following production budget for the first 4 months of 2011.Month Units Month UnitsJanuary 10,000 March 5,000February 8,000 April 4,000Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2010, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month’s production requirements.Complete the direct materials purchases budget by month for the first quarter.MORENO INDUSTRIESDirect Materials Purchases BudgetFor the Quarter Ending March 31, 2011January February MarchDesired ending direct materialsCost per poundUnits to be producedDirect materials per unitBeginning direct materialsDirect materials per unitUnits to be producedCost per poundDesired ending direct materialsBeginning direct materials ———Total pounds needed for productionAdd: Cost per poundUnits to be producedDesired ending direct materialsDirect materials per unitBeginning direct materialsTotal materials requiredLess: Units to be producedCost per poundDirect materials per unitDesired ending direct materialsBeginning direct materialsDirect materials purchasesUnits to be producedDirect materials per unitDesired ending direct materialsBeginning direct materialsCost per pound — $— $— $Total cost of direct materials purchases $$$