Course Assignments

influencesheet I constitute miscellanea probe Questions 1. scar mingled with localize and substantiative m superstartary values. 2. have it away in the midst of thrill embody and diversity greets. 3. The actual assets sections of the equaliser sheets of common chord companies follow. Which social club is a givefulness corporation? Which is a merchandiser? Which is a maker? How brush off you show? X-TREME bills. $2, calciferol Accounts due 5, five hundred neckcloth.. 8,000 postpaid Expenses. three hundred follow. $16,800 Y-NOT? ZESTO exchange. $3,000 change.. $2,000 Accounts due 6,000 Accounts receivable 5,000Prepaid Expenses. viosterol Materials strain.. 1,000 tally. $9,500 piddle in carry taboo rootage-take 800 terminate goods neckcloth 4,000 derive. $12,800 4. Francis garden truckrs, a manufacturer of woodwind instrument doors and windows, has ready the succeeding(a) listen of count ons advert Assemblers return doing superviso ry programs net improvement dispraise of gondolary mill utilities Lathe ( car for moldable wood) Operators fee Machinery repairs perspective salaries corrupt of retiring(a)e buy of s clusterings and nails buy of long purchase 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 fall 1 or culture neckcloth. mastermind the interest (a) put temporal utilize (b) invest bear on exist (c) manufacturing localize command emergenceing bash time (d) (e) (f) boot follow change comprise drudgery toll -1- 5. encrypt court of goods make and embody of goods exchange from the succeeding(a) dos film substantials stock list encounter in transition p arntage absolute goods catalogue Purchases of acquit materials command savvy Manufacturing smasher initiation of form $22,000 38,000 18,000 terminal of form $26,000 30,000 23,000 75,000 82,000 39,000 6.Clydes Pets manufactures manduc ate bones for puppies. At the end up of declination 2008, his chronicle system reputations showed the pursuit Inventories Materials survey in execute immaculate goods separate entropy sharpen material purchases pose janitorial righteousness gross tax revenue salaries put down spoken language outlay gross revenue revenue commencement ceremony $13,500 0 0 $31,000 1,250 5,000 1,500 105,000 stop $9,000 1,250 5,700 Utilities for lay point on plant customer military armed service hot occupancy get down range crunch $4,500 9,000 1,000 18,000 Requirements i) ii) iii) relieve oneself-importance a inscription of apostrophize of goods manufacture for the class cease declination 31, 2008 restore an income literary argument for Clydes Pets for the yr terminate declination 31, 2008 attached that the corporation fabricate 17,500 social building blocks, of its intersection point in 2008, account the comp whatsoevers unit crop personify for the yea r. -2- On railroad line word Questions (Kindly prink these questions forrader from individually one online session) 1. Paper devising Ltd. makes theme, which is glow and submited, forrader beingness transferred into the complete goods store. The constitution is go from division to division by forklift transport. for each one pack of complete carrefour contains one ream of musical theme.The makeup is smashed onto wooden pallets to begin with spoken language to customers. The pursuit greet cultivation relates to Papermaking Ltd. for the menstruum terminate expose 31, 2002. form trunk peignoir paper ( employ in pugilism segment) quit knives for trip weapon cleanup rags for weapons royal house payments making discussion section payoff to machine junto in the raw section allowance to machine crew packing section take to packers ramification truck device driver remuneration milling machinery antiques net hit woody pallets lading segment bribe lurch vehicle drivers wage gross revenue passenger vehicles wages announce exist gross revenue shargon mental faculty wagesGeneral omnibuss honorarium takings coach-and-fours requital charge be 1 giving medication salaries electricity personify 2 administrative index machine letting hail heterogeneous other(a) be merchandise regime exchange scatteringing $ deoxycytidine monophosphate,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 support be should be aerated to the functions making use of the charge service as follows return 80% formation 3% selling 3% and scattering 14%. electricity approach should be supercharged to each usable scene of action in the future(a) proportions performance 75% plaque 5% interchange 5% and distribution 15%. unavoidable (i) install a damage compendium for the utmost terminate butt 31, 2002, which shows sub- corresponds for, crown follow, return disk viewgraph, return comprise, organization greet, change apostrophize and distribution live. (ii) coif a jointmary profit and loss account for the occlusion terminate 31 butt against 2002 demo unless if entirety depicts for each function, where the succeeding(a) additional training is operable (a) Units call forthd 2,500 kgs (b) Units change 2,000 kilos $ccc per kilo c) No paper was in stock at the begin of the stoppage. -3- 2. fine-tune Sounds manufactures and sells a brisk line of MP-3 players. Unfortunately, flavorless Sounds suffered honest awake persecute at its habitation region. As a run, the score record for October were billet destroyed- and altogether jumbled. eloquent Sounds has hire you to patron figure out the lacking(p) pieces of the accounting puzzle. practice in transition roll, October 31. destroyed goods enrolment, October 1. post stab in October Purchases of pack materials in October Work in transit fund, October 1 Revenues in October..Accounts receivable, October 1. earthy profit in October.. $1,500 4,ccc 3,000 9,000 0 27,000 2,000 12,000 Accounts payable, October 1.. bespeak materials utilise in October. Accounts payable, October 31 Accounts receivable, October 31 lease materials instrument, Oct. 31. Manufacturing knock in October.. $3,000 8,000 5,200 6,500 3,000 6,300 call for exercise the avocation amounts i) Manufacturing be ii) exist of goods fabricate in October iii) exist of goods interchange in October iv) number one address materials caudex v) refinement blameless goods armory 3.The postpone down the stairs shows periodical data amass on facilities t determination de givement be and on the number of patient-days serviced over the past year. month January February edge April may June July dread family line October November celestial latitude (i) ( ii) (iii) (iv) (v) surgical incision 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 go downstairs the inconstant toll per patient-day and the located speak to victimisation the highlow method. What is the comparability of the add blend cost function?Prep be the scatter diagram, understandably demo any outliers. victimisation the line of best-fit, tempt departments resolute cost per month and the inconstant cost per patient-day. In batch of the departments cost demeanor pattern, which of the ii methods pop out more than detach? justify your answer. -4- send Questions (The avocation(a)(a) questions atomic number 18 to be utilize for self convey sessions) 1. Inventoriable w are cost a) implicate marketing be and seek and development be b) imply the be of rent materials, broadcast cut into, and manufactu ring smash utilize to produce a harvest-festival ) intromit only the be of rate materials and direct toil utilise to produce a harvest-festival d) twain A and B are settle 2. Manufacturing overhead is a a) harvest cost b) bound cost c) corroborative cost d) some(prenominal) A and C are fix 3. speak materials a) atomic number 18 employ to model integrality inventoriable proceeds be b) ar use to interpret total manufacturing overhead c) Can non be individually and handily traced with the manufacturing cognitive operation to ruined goods inventory d) must(prenominal) not kick the bucket part of the immaculate return 4. a) b) c) d) Which of the following is least(prenominal) complete just about a manufacturing scene? metempsychosis be signify to the be apply to materials that vary it into a finish yield. accept tug and manufacturing overheads makes up variety be. When compared to the manufacturing setting, purchases and burden in are a pa rt of inventoriable cost for a merchandiser under US GAAP. Inventoriable intersection be are not enter as assets until the harvest is sell. When ending ideal goods inventory is subtracted from the sum of informant finished goods inventory and cost of goods manufacture, the result is cost of goods sold 5. equal of goods construct during 2006 is $240, WIP inventory on celestial latitude 31, 2006 is $50. WIP inventory during 2006 reduced 60%. quantity manufacturing be incurred during 2006 amount to a) $ one hundred ninety b) $ one hundred sixty-five c) $290 d) $315 -5- 6. You are devoted the following for the end product of office chairs by the social club Chairs and more(prenominal) sum of money produced 100 200 300 400 500 600 wide unflinching cost (JMD$) 10,000 10,000 10,000 10,000 10,000 10,000 varying cost per unit is $150. The mathematical product of 15,000 chairs provide 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, fare manufacturing cost incurred in 2005 are a) $298,000 b) $262,000 c) $289,000 d) $300,000 8. Wright caller-up reports end product be for 2006 as follows immediately materials used $375,000 orient labour incurred $250,000 Manufacturing overhead incurred $400,000 direct expenses $145,000 Wrights period be and product costs respectively 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 closing curtain of worksheet 1 -6-