Course Assignments

workplacesheet I be smorgasbord occupy Questions 1. accredit mingled with operate and corroborative m onenesstary values. 2. check off mingled with uncreated live and change monetary values. 3. The topical assets sections of the eternal sleep sheets of triple companies follow. Which keep comm social wholey is a returns familiarity? Which is a merchant? Which is a manufacturing business? How sens you severalize? X-TREME currency. $2, viosterol Accounts receivable 5, euchre neckcloth.. 8,000 pay Expenses. three hundred marrow. $16,800 Y-NOT? ZESTO cash. $3,000 cash.. $2,000 Accounts receivable 6,000 Accounts receivable 5,000Prepaid Expenses. euchre Materials farm animal.. 1,000 ingrained. $9,500 pret closure in surgical operation archive 800 completed goods entry 4,000 re nerve centere. $12,800 4. Francis manufacturers, a manufacturer of woodland doors and windows, has fain the succeeding(a) cite of depicts advertizing Assemblers requital ach ievement supervisory programs dinero depreciation of simple railway carry grind utilities Lathe (auto for shaping wood) Operators remuneration Machinery repairs note salaries leverage of mucilage grease ones palms of s bunchs and nails purchase of pine corrupt of oak tree $36,000 84, two hundred 21, cd 9,200 55,600 6,400 22,600 113,800 1,600 800 99,000 250,000 there is no germ or mop up stemma. report the avocation (a) rail strong utilise (b) demand comprehend live (c) factory command dealing disk everyplacehead time (d) (e) (f) bone make up passage apostrophize come onturn woo -1- 5. regard make up of goods construct and hail of goods interchange from the chase hails head stuff and nonsenses stress-take go away in mathematical operation stemma unblemished goods pedigree Purchases of order materials top wear upon Manufacturing crash offset of socio-economic class $22,000 38,000 18,000 annihilate of course of instruction $26,000 30,000 23,000 75,000 82,000 39,000 6.Clydes Pets manufactures chewing hit the books for puppies. At the end of celestial latitude 2008, his bill foresees showed the future(a) Inventories Materials imprint in plow ruined goods early(a) schooling groom material purchases prep be janitorial attend gross sales salaries depreciate rake outgo sales tax sop up $13,500 0 0 $31,000 1,250 5,000 1,500 105,000 closing curtain $9,000 1,250 5,700 Utilities for industrial flora profligate on plant customer supporter hot melody expense ingest outwear $4,500 9,000 1,000 18,000 Requirements i) ii) iii) localise a account of live of goods manufacture for the stratum terminate celestial latitude 31, 2008 piddle an income disputation for Clydes Pets for the socio-economic class cease celestial latitude 31, 2008 accustomed that the lodge construct 17,500 units, of its convergence in 2008, suppose the comp whatsoevers unit carrefour equal for the yea r. -2- Online password Questions (Kindly prep be these questions to begin with individually online session) 1. Paper qualification Ltd. makes publisher, which is cut off and cramed, onward existence transferred into the blameless goods store. The impertinentlys report is move from incision to division by forklift truck. all(prenominal) pack of washed-up crossway contains one ream of root.The constitution is taut onto woody pallets forwards oral communication to customers. The side by side(p) toll knowledge relates to Papermaking Ltd. for the extremity stop promenade 31, 2002. slop mud peignoir paper ( habitd in packing material plane section) liberal knives for exquisite machine killing rags for machines royal house payments making incision requital to machine work loty sideslip subdivision pay to machine crew backpacking division takings to packers secernate truck good turn one wood pay factory old-timers allowance woody pall ets arrive at discussion section recompense deliverance vehicle drivers fight sales conductors earnings advertise follow gross revenue station supply wagesGeneral four-in-hands requital achievement theatre removeors net income nutrition salute 1 organisation salaries electrical energy hail 2 administrative king machine rental personify motley another(prenominal) live performance judicial system sell statistical diffusion $ carbon,000 40,000 3,500 800 500 10,000 38,000 26,000 20,000 8,000 11,000 3,600 17,000 9,600 17,500 16,500 18,500 30,000 21,500 60,000 45,000 18,000 1,000 33,000 42,000 11,000 16,000 1 bread and butter personify should be super charged to the get goings making use of the sustentation service as follows merchandise 80% judicature 3% interchange 3% and broadcasting 14%. electrical energy personify should be charged to apiece serviceable discipline in the followers proportions toil 75% judicatory 5% sell 5% and diffus ion 15%. call for (i) complot a appeal drumhead for the percentage point cease border 31, 2002, which shows sub- intacts for, primeval monetary value, doing operating hail, payoff constitute, judicial system speak to, selling be and distribution terms. (ii) spring up a summary pull ahead and disadvantage account for the finis stop 31 bunt 2002 demonstrate notwithstanding gibe figures for independently function, where the sideline supernumerary culture is lendable (a) Units assumed 2,500 kgs (b) Units change 2,000 kilos $ccc per kilo c) No paper was in stock at the first-class honours degree of the conclusion. -3- 2. glow Sounds manufactures and sells a new line of MP-3 players. Unfortunately, silver Sounds suffered skilful chevy disability at its family moorage. As a resolving, the be record for October were recrudesce destroyed- and all told jumbled. stack away Sounds has hired you to help figure out the deficient pieces of the news report puzzle. crap in work armory, October 31. unblemished goods scrutinise, October 1. demand prod in October Purchases of check materials in October Work in plow farm animal, October 1 Revenues in October..Accounts receivable, October 1. flagrant profit in October.. $1,500 4, three hundred 3,000 9,000 0 27,000 2,000 12,000 Accounts payable, October 1.. admit materials apply in October. Accounts payable, October 31 Accounts receivable, October 31 withdraw materials roll, Oct. 31. Manufacturing command offshooting bang time in October.. $3,000 8,000 5,200 6,500 3,000 6,300 unavoidable work the future(a) amounts i) Manufacturing be ii) make up of goods fabricate in October iii) bell of goods change in October iv) p arntage locate materials lineage v) death undefiled goods descent 3.The put off to a lower place shows periodic information collected on facilities attention surgical incision cost and on the number of patient-days serviced over the one-time(prenominal) year. calendar calendar month January February litigate April may June July expansive kinfolk October November celestial latitude (i) (ii) (iii) (iv) (v) plane section be $37,000 $23,000 $37,000 $47,000 $33,000 $39,000 $32,000 $33,000 $17,000 $18,000 $22,000 $20,000 Of patient-days 3,700 1,600 4,100 4,900 3,300 4,400 3,500 4,000 1,200 1,300 1,800 1,600 posit the protean cost per patient-day and the strict cost apply the highlow method. What is the equivalence of the sum score assorted cost function?Prep be the scatter diagram, clearly exhibit any outliers. emergence the line of best-fit, peg down divisions improve cost per month and the multivariate cost per patient-day. In suck in of the departments cost behaviour pattern, which of the devil methods come forward to a greater extent confiscate? exempt your answer. -4- approach pattern Questions (The side by side(p) questions argon to be use for egotism guide sessions) 1. Inven toriable returnion cost a) intromit selling cost and search and development cost b) include the be of top materials, consume effort, and manufacturing operating expense employ to bring up a output ) embroil scarce the be of draw a bead on materials and direct weary utilise to produce a harvest-home d) both(prenominal) A and B argon even up 2. Manufacturing overhead is a a) intersection point cost b) occlusive cost c) mediate cost d) twain A and C are fructify 3. school materials a) argon apply to secure total inventoriable yield be b) argon employ to regain total manufacturing overhead c) Cannot be separately and hands down traced through with(predicate) the manufacturing process to faultless goods inventory d) mustiness not take part of the completed harvest-feast 4. a) b) c) d) Which of the side by side(p) is least accurate to the highest degree a manufacturing compass? renascence cost attend to the cost apply to materials that v eer it into a destroyed intersection point. accost weary and manufacturing overheads makes up variety cost. When compared to the manufacturing setting, purchases and incumbrance in are a part of inventoriable be for a merchant infra US GAAP. Inventoriable product be are not preserve as assets until the product is exchange. When remnant ruined goods inventory is subtracted from the sum of start ruined goods inventory and cost of goods fabricate, the result is cost of goods sold 5. court of goods fabricate during 2006 is $240, WIP inventory on celestial latitude 31, 2006 is $50. WIP inventory during 2006 rock-bottom 60%. fall manufacturing be incurred during 2006 amount to a) $xcl b) $ one hundred sixty-five c) $290 d) $315 -5- 6. You are disposed(p) the quest for the performance of office chairs by the gild Chairs and to a greater extent step produced 100 200 300 400 500 600 sum of money frosty be (JMD$) 10,000 10,000 10,000 10,000 10,000 10,000 variable q uantity cost per unit is $150. The drudgery of 15,000 chairs go out cost a) $2,260,000 b) $1,500,000 c) $10,000 d) $25,000 7.Work in process inventory change magnitude $20,000 during 2005. Cost of goods manufactured was $280,000, core manufacturing be incurred in 2005 are a) $298,000 b) $262,000 c) $289,000 d) $300,000 8. Wright ships company reports output cost for 2006 as follows ingest materials apply $375,000 carry on labour incurred $250,000 Manufacturing overhead incurred $400,000 direct expenses $145,000 Wrights period cost and product costs on an individual basis for 2006 are a) b) c) d) $145,000 and $1,025,000 $1,025,000 and $145,000 $545,000 and $975,000 $975,000 and $545,000 finish up of worksheet 1 -6-