Question 1
Need Help with the following questions. I need it by tonight. The price listed is all I can afford. 1. (TCO 3) Which system would a manufacturer of unique special orders or batch processes most likely use to accumulate costs? (Points : 3) Contract costing Variable costing Process costing Job-order costing Question 2. 2. (TCO 3) Which is NOT a feature of a process costing system? (Points : 3) Standardized products pass through standardized processes. Each unit is treated uniquely in receiving a process. Manufacturing costs are accumulated by a process for a given time period. Unit costs are calculated for each department. Question 3. 3. (TCO 3) The whole units that could have been produced in a period given the amount of manufacturing inputs used are called (Points : 3) FIFO costing. transferred-in cost. weighted average cost. equivalent units of output. Question 4. 4. (TCO 3) Holly Inc. manufactures dolls. The following data were provided for production results for the current month. 0 Units, beginning work-in-process 300 Units started ? Units completed 100 Units, ending work-in-process (40% complete) Which are the equivalent units using the weighted average method? (Points : 3) 300 240 260 200 None of the above Question 5. 5. (TCO 3) Which is NOT a difference between the job-order costing system and the process costing system? (Points : 3) They accumulate their costs to different cost objectives. The number of work-in-process accounts is different. One does not use the finished goods account. All of the above Question 6. 6. (TCO 3) Keller Inc. manufactures office chairs. The following data were provided for production results for the current month. 0 Units, beginning work-in-process 10,000 Units started ? Units completed 5,000 Units, ending work-in-process $440,000 Cost of direct materials $64,000 Cost of conversion Ending inventory is 100% complete for materials and 20% complete for conversion. How many units were started and completed? (Points : 3) 10,000 0 5,000 20,000 None of the above Question 7. 7. (TCO 3) Unit cost of materials for a department using the FIFO method of process costing is found by taking the total cost of materials issued to the department during the year divided by (Points : 3) units in process. units started and completed. total units manufactured. equivalent units of output. Question 8. 8. (TCO 3) Abby Corp. adds raw materials to production at the beginning of the process in the Assembly Dept. Materials data for this department for the current month are as follows. Costs Units Materials Conversion Beginning work-in-process 10,000 $70,750 $175,350 Started during month 65,000 $250,000 $736,350 Ending work-in-process 6,000 Beginning inventory was 70% complete. Ending inventory was 40% complete. How many equivalent units for conversion costs would there be for Abby Corp. during the month using the weighted average method? (Points : 3) 65,000 68,400 75,000 64,400 Question 9. 9. (TCO 2) The following information was provided by Sally Company. % complete Units Begninning work-in-process 30% 15,000 Units transferred in 40,000 Ending work-in-process 60% 13,000 Materials are added at the beginning of the process. How many equivalent units for materials would there be using the weighted average method? (Points : 3) 68,000 40,000 47,800 55,000 Question 10. 10. (TCO 3) The costs included in the cost per equivalent unit using the weighted average method are (Points : 3) current costs. beginning work in process. ending work in process. Both A and B
Question 2
Henry Ford is often credited with saying that he would rather be the first person to be second. This is strange coming from the innovator of the mass-produced automobile in the U.S. So is the first mover advantage really a myth or is it something that every firm should strive for? First movers (discussed in chapter five) are typically considered to be the ones that initially introduce an innovative product or service into a market segment (in other words, first to market in a new product or service segment). The motion subscribed to first movers is that doing so creates an almost impenetrable competitive advantage that later entrants find difficult to overcome. However, history is replete with situations where second or later movers find success. If the best way to succeed in the future is to understand the past, then an understanding of why certain first movers succeeded and others failed should be instructive. Accordingly, this paper requires you to investigate a first mover and identify specifically why, or why not, it was able to hold onto its first-mover advantage. For this paper, pick an industry that you find of interest. Research that industry and identify one or two instances of a first mover; research the introduction of a new offering into new market segments. For example, you might pick consumer electronics and look for firms that initiated new products in new market segments. Present your findings with the discussion in the paper centering on the following at a minimum: ? Brief history and description of the industry chosen (e.g., was this a fast-, standard-, or slow-cycle market at the time the first mover initiated its strategic action)? ? How has innovation of new products traditionally been accomplished in this industry: through new firms entering the market or existing firms launching new offerings? ? Identify one or two first movers and provide a review of what happened. If the product or offering is still considered successful, describe why. If not, why not? ? What did you learn as a result of this exercise? Do you consider the first mover a wise strategy? Is your answer dependent upon industry, timing or luck? The number of pages for this paper will vary in length, but should be around 8 to 10. In addition, the paper should have a separate cover page and a separate reference page. This paper must conform to APA style. Do not write in the first person. This is an academic paper. Write in the third person, passive voice. Please use 12 point font (Times Roman type face), one inch margins, double spaced, with a five space indent for each paragraph. Use a minimum of three (3) scholarly references (Wikipedia is not acceptable).
Question 3
question 1 You are evaluating two investment opportunities: X and Y. Investment X is expected to pay $1,200 a year for the first ten years and then $3,000 a year for the next fifteen years. Investment Y is expected to pay $4,000 a year for ten years. You find that investments of similar risk to X and Y offer returns of 10 percent and 16 percent respectively. (a)What is the value of each investment today? (b)Which investment is riskier? Why? (c)Assume that your wealthy uncle will give you a choice of Investment X or Investment Y without cost to you and that (I) you must hold the investment for its entire life or (II) you are free to sell it at its market value. Which investment would you prefer under each of the two conditions? Why? Question 2 You have $10,000 which you will invest for the next four years. You are considering the following investment alternatives: (I) Purchase units in a bond mutual fund which pays $210 interest quarterly. Assume that the interest is reinvested at the coupon rate. (II) Purchase a 4-year guaranteed investment certificate which pays 3 percent compounded monthly. (III)Invest in a stock which promises the following cash flows: Year 1 $ 0 Year 2 500 Year 3 750 Year 4 2,000 (a)Assume that at the end of year 4, you will get back your $10,000. Which investment alternative do you prefer? Why? (b)What factors, other than the rate of return, should you consider in making your investment decision? ?? Question 3 You are 30 years old today and are considering your retirement needs. You expect to retire at age 60, and expect to live to be 95. You want to move to Florida when you retire. You estimate that it will cost $300,000 to make the move ( on your 60th birthday ) and that your living expenses will be $30,000 a year, starting at age 61 and continuing through to age 95. (a)How much will you need to have saved by your retirement date to be able to reach this goal? Assume the interest rate is 8 percent. (b)You already have $50,000 in savings. You can earn 8 percent a year. How much would you need to save at the end of each year, starting a year from now, to reach your goal at age 60? (c)If you do not have any current savings and do not expect to be able to start saving money for the next five years, how much would you need to set aside each year after that to be able to reach your retirement goal? Assume an interest rate of 8 percent a year.
Question 4
1.ToolTime has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $6,045. ToolTime's total variance is a. $150 F. b. $45 U. c. $155 U. d. $200 U. 2. ToolTime has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $6,045. ToolTime's materials price variance is a. $45 U. b. $155 F. c. $200 F. d. $350 F. 3. ToolTime has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $6,045. ToolTime's materials quantity variance is a. $45 F. b. $155 U. c. $200 U. d. $350 U. 4. ToolTime has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of $70,445. ToolTime's total labor variance is a. $1,155 U. b. $1,200 U. c. $1,555 F. d. $2,895 F. 5. ToolTime has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of $70,455. ToolTime's labor price variance is a. $1,155 U. b. $1,200 U. c. $1,555 F. d. $2,895 F. 6. ToolTime has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of $70,455. ToolTime's labor quantity variance is a. $1,155 U. b. $1,555 F. c. $2,700 F. d. $2,895 F. 7. The predetermined overhead rate for Weed-B-Gone is $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at normal capacity of $300,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for June was $19,000 variable and $12,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is a. $6,100 F. b. $1,100 F. c. $1,100 U. d. $6,100 U. 8. The predetermined overhead rate for Weed-B-Gone is $10, comprised of a variable overhead rate of $6 and a fixed rate of $4. The amount of budgeted overhead costs at normal capacity of $300,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $10. Actual overhead for June was $17,800 variable and $10,800 fixed, and 1,500 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is a. $3,600 F. b. $1,400 F. c. $1,400 U. d. $3,600 U. 9. Sonic Corporation?s variance report for the purchasing department reports 500 units of material A purchased and 1,200 units of material B purchased. It also reports standard prices of $2 for Material A and $3 for Material B. Actual prices reported are $2.10 for Material A and $2.80 for Material B. Sonic should report a total price variance of a. $190 F. b. $20 F. c. $20 U. d. $190 U. 10. The following information was taken from the annual manufacturing overhead cost budget of Coen Company. Variable manufacturing overhead costs $69,300 Fixed manufacturing overhead costs $41,580 Normal production level in labor hours 23,100 Normal production level in units 5,775 Standard labor hours per unit 4 During the year, 5,600 units were produced, 18,340 hours were worked, and the actual manufacturing overhead was $113,400. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours. Coen's total overhead variance is a. $1,260 U. b. $4,620 U. c. $5,880 U. d.$16,800 U.,Thank's for you help! :) MARIA
Question 5
1 The common stock of Margot, Inc. is selling for $63 a share. The par value per share is $1. Currently, the firm has a total market value of $94,500. How many shares of stock will be outstanding if the firm does a 2-for-1 stock split? A. 800 shares B. 1,200 shares C. 3,000 shares D. 3,600 shares E. 4,800 shares 2 Murphy's, Inc. has 10,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $8 per share. The balance sheet shows $32,500 in the capital in excess of par account, $10,000 in the common stock account and $42,700 in the retained earnings account. The firm just announced a 10% (small) stock dividend. What will the market price per share be after the dividend? A. $7.20 B. $7.27 C. $7.33 D. $8.00 E. $8.80 3 The KatyDid Co. is paying a $1.25 per share dividend today. There are 120,000 shares outstanding with a par value of $1.00 per share. As a result of this dividend, the: A. retained earnings will decrease by $150,000. B. retained earnings will decrease by $120,000. C. common stock account will decrease by $150,000. D. common stock account will decrease by $120,000. E. capital in excess of par value account will decrease by $120,000. 4 You own 300 shares of Abco, Inc. stock. The company has stated that it plans on issuing a dividend of $.60 a share one year from today and then issuing a final liquidating dividend of $2.20 a share two years from today. Your required rate of return is 10%. Ignoring taxes, what is the value of one share of this stock today? A. $2.36 B. $2.40 C. $2.62 D. $2.80 E. $2.85 5 A firm has a market value equal to its book value. Currently, the firm has excess cash of $800 and other assets of $5,200. Equity is worth $6,000. The firm has 600 shares of stock outstanding and net income of $700. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? A. 480 shares B. 500 shares C. 520 shares D. 540 shares E. 560 shares 6. Stock Splits and Stock Dividends Roll Corporation currently has 220,000 shares of stock outstanding that sell for $82 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. RC has a five-for-two stock split? b. RC has a 18 percent stock dividend? c. RC has a 43 percent stock dividend? d. RC has a three-for-seven reverse stock split? e. Determine the new number of shares outstanding in parts (a) through (d) 7. Stock Dividends The company with the common equity accounts shown here has declared a 12 percent stock dividend at a time when the market value of its stock is $44 per share. What effects on the equity accounts will the distribution of the stock dividend have? Common stock ($1 par value) $165,000 Capital Surplus $1,512,000 Retained earnings $2,865,000 Total owners? equity $4,542,000 Suppose the company instead decides on a five-for-one stock split. The firm?s 80-cent per share cash dividend on the new (post-split) shares represents an increase of 10% over last year?s dividend on the pre-split stock. What effect does this have on the equity accounts? What was last year?s dividend per share?
