All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales.
One of the items was sold during the year. Required: Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory, assuming use of: a. LIFO b. FIFO c. Weighted average (total cost/total number) | |Cost of goods sold |Ending inventory | |LIFO |700 |800 | |FIFO |800 |700 | |Weighted Average |750 |750 | Problem 2. Teague Company purchased a new machine on January 1, 2012, at a cost of $150,000. The machine is expected to have an eight-year life and a $15,000 salvage value. The machine is expected to produce 675,000 finished products during its eight-year life.
(My calculator doesn’t go that far, ha.) Cost of Hard Drive Space per GB: In 1980, the price per GB was roughly $100,000. Today, it would not even cost a dollar. Based on the chart above, the space per unit cost has roughly double every 14 months. ”Several terabyte+ drives have recently broken the $0.10/gigabyte barrier, making the next milestone $0.01/gigabyte, or $10/terabyte.” (Komorowski, 2009) With Moore’s law in effect, I believe we will see a 100 TB hard drive within the next twenty years.
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
Question: (TCO 8) Which waiting-line model has a dependent relationship between the length of the queue and the arrival rate? 9. Question: (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They will be able to earn $300 per hour and run 3,000 hours per year. What is the net present value for the next five years with an interest rate of 6%?
If his current wage is $15.00 per hour, how much will he make per year?15*40*52= $31,200.00 annually 2. How much would Joe’s wages be in an average month?31200.00/12 = $2600.00 3. Based upon the information in the video, Joe has a car payment of $249 per month. The average utilities are: Electricity,
Exercise 2.2.2 If each of the 30 users in an organization prints an average of 22 pages per hour and a shared printer has the capacity to print 180 pages per hour, how many shared printers will be needed to prevent overloading each printer's capacity? Would there be a benefit to having more than the exact number needed? Justify your answer. Exercise 2.2.3 In this exercise, you will map a network location to your local machine. Record the steps that you follow for the process, and record the network location that is mapped to the letter you choose.
Math 540 Luevirta Hammonds Strayer University October 26, 2011 Days to Repair The days to repair is explained in the table below as follow: P(y) represent the days that is needed to repair the copier after it breaks down. Cumulative represent the increase in value of the probability distribution. Repair Time y represents the days it takes to repair the copier. P(y) Cumulative Repair Time (y) 0.2 .20 1 0.45 .65 2 0.25 0.90 3 0.1 1.00 4 1 2.75 The simulation in column one on the excel spreadsheet with the list of 100 breakdowns in 52 week which represent one year. In column C, RN1 (random numbers) generate numbers between zero and one and represent random numbers
The total amount of machines on-hand seemed appropriate for production, but the number designated to each product was altered since more units were being produced of C_Fad. Automation for Cake and C_Fad were left at 4.0 and 3.0, respectively. Under fiscal policies, since the cash was available, $2 of dividends was paid out and $3,000,000 of bonds was retired. Given that a new product was coming out this year, it seemed necessary to require 10 hours of training per employee per year to keep everyone up-to-date on the products. Lastly, as part of the company’s Total Quality Management strategy, $1,000,000 was put toward Channel Support, and an additional $1,000,000 was put toward CCE and Six Sigma
“Its purpose is to help bring back a more fair federal minimum wage, providing America’s lowest-paid workers with a much needed raise” (Congress). The act would raise the federal minimum wage to $10.10 per hour over the next three years. Each yearly increment would increase the rate by 95 cents. After the three years of this act passing, the Secretary of Labor would determine if it was necessary to increase the minimum wage rate based on the Consumer Price Index. For tipped workers, a minimum pay would be seventy percent of the most recent minimum