...Materials Works in Progress Finished Goods Notes Conversion cost = Manufacturing overhead + direct labor Known: Manufacturing overhead= 65% of conversion Direct labor= Direct = 35% of Conversion costs 220,000= 35% of Conversion 220,000/.35= Conversion cost Conversion cost = Manufacturing overhead + direct labor Direct labor= Manufacturing overhead = Prime Cost = direct materials cost + direct labor costs. 545,000 = direct materials cost + 220,000 Direct materials cost = 325,000 $325,000 $220,000 $1,350,000 30% $1,020,000 $545,000 65% of Conversion $325,000 $41,000 $56,000 $35,000 $220,000 35% $628,571 $220,000 $408,571 Answers Raw Materials Cost (purchased) Work in Progress Finished Goods Inventory $325,000 $24,471 $75,000 Calculations Calculating Gross Margin Sales Cost of Goods Sold: Beginning Finished Goods Inventory Add: Cost of Goods Manufactured Cost of Goods Available for Sale Deduct: Ending Finished Goods Inventory *Gross Margin *Gross Margin= 30%($1,350,000) Cost of Goods Sold Beginning balance finished goods Add: Cost of goods manufactured Goods available for sale Less: Ending balance, finished goods Cost of goods sold Total manufacturing cost Direct materials Direct labor Manufacturing overhead Total manufacturing cost $ 35,000 985,000 1,020,000 75,000 $ 1,350,000 945,000 405,000 $ 35,000 985,000 1,020,000 945,000 $ 75,000 $ $ 325,000 220,000 408,471 953,471 Cost of Goods Manufactured Beginning balance works in progress Total manufacturing...
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...Resources Progress is defined as a forward or onward movement towards a goal or destination. The film “Surviving Progress” explains the progress humanity as a whole has made and the progress we continue to make. Filmmakers Mathieu Roy and Harold Crooks show how much progress humans are making and how we have become into a progress trap with too much progress eventually leading to disaster and dead ends. No matter what humanity is always making progress in our civilization, economy, technology, and more; only problem, we’re making progress non-stop creating an eventual crash and destruction of Earth’s natural resources. Ronald White argues that humanity is in what he calls a “progress trap” which he explains “I came up with the term progress trap to define human behaviors that sort of seem to be good things, seem to be, to provide benefits in the short-term, but which ultimately lead to disaster, because they’re unsustainable.” Humanity as a whole has reached what is considered a “progress trap” many times already and is in the process of falling into deeper “progress traps” than ever with technology and our economics. In the past, as an example given by Ronald White, Hunting turned into a dead end when our ancestors were hunting to make their living. They went from killing one mammoth at a time and struggling to do so, to killing a whole heard of mammoths by running them over a cliff. This pushed them into a “progress trap”. These new hunting techniques had been great progress made...
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...[pic] Progress Report with working outline/rough draft For Margaret Sledziewski, Supervisor Prepared by: Bilal Zaheer Researcher Submitted: November 2, 2007 Steamline Production To: Margaret Sledziewski From: Bilal Date: November 1, 2007 Re: Progress report Implementation of new digital audio workstation - FL Studio On October 19, 2007, I proposed an Implementation of new digital audio workstation - FL Studio. After your approval of my project, we have encountered a couple problems but other than that everything is going well and all the work will be done by November 19, 2007. This memo reports the progress report, the problem we have encountered and the conclusions. Background As you know, FL Studio is a digital audio workstation which can record, mix, create, and edit sounds. It has a sequencer that makes it possible to create beats from patterns, which is the foundation of any track. The program currently used by the firm is fairly complicated and hard to use. This results in poor production. By using FL studio, we can create exact tracks which we intend to make. In my research I found that our competition has increased. Other similar companies have also upgraded their software to assist them in meeting their clients’ demands. I however, found out that none of them are using this software. This software is very helpful for our music industry and can give us an upper hand against our competitors. Project...
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...PR 19-4A Big Wave Company manufactures surf boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for July: Materials July 1 Balance 30,000 July 31 Requisitions (A) 31 Purchases 120,000 Work in Progress July 1 Balance (B) July 31 Completed jobs (F) 31 Materials (C) 31 Direct labor (D) 31 Factory overhead applied (E) Finished Goods July 1 Balance 0 July 31 Cost of goods sold (G) 31 Completed jobs (F) Wages Payable July 31 Wages incurred 120,000 Factory Overhead July 1 Balance 22,000 July 31 Factory overhead applied (E) 31 Indirect labor (H) 31 Indirect materials 16,000 31 Other overhead 95,000 In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Style Quantity Direct Materials Direct Labor No. 21 X-10 200 $ 20,000 $15,000 No. 22 X-20 400 34,000 26,000 No. 23 X-50 200 14,000 8,000 No. 24 T-20 250 30,000 25,000 No. 25 X-40 180 22,000 17,500 No. 26 T-10 140 8,000 4,500 Total 1,370 $128,000 $96,000 b. Factory overhead is applied to each job at a rate of 160% of direct labor cost. c. The July 1 work in progress balance consisted of two jobs, as follows: Work in Process Job No. Style July 1 Job 21 X-10 $ 6,000 Job 22 X-20 16,000 Total $22,000 d. Customer jobs completed and units sold in July were as follows: Completed Units Sold Job No. Style in July in July No. 21 X-10 X 160 No. 22 X-20 X 320 No....
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...Progress I'm a work in progress; you could even say we all are works in progress. As there are different kinds and types of animals, there are also different kinds and types of us human beings. A lot of things have changed on our planet Earth since God created it, and we, the mankind, are for certain not an exclusion. Many are even of the opinion, that we are the beings who have changed the most, and to tell the truth, I would not disagree to it. In Denmark, we have gone from being hunters and gatherers to farmers, building up towards the modern society and then further on to our current post-modern society, where we, the new generation, now, with all the different options and possibilities we have, focus a lot more on developing ourselves as individuals based on what we like to do, instead of what is expected and needed of us to do. The outcome of this has been, that our point of view on working has changed a lot, because we have invented all this technology that can replace some of the work we need to get done, and which contemporary also has caused a great increase of unemployment. It's not that we do less work, no; we still work a lot, and we work hard, but now, it's on a more science-based area, where the goal is to develop technology more than it already is. The work we do is on a complete other level than the pre-historical hunters and gatherers and it does not consist of the same basis, meaning that we now mostly work for our own satisfaction and curiosity rather...
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...Work in Progress: Monster Story The 10 liner description: What monster do you have in mind?? On Wednesday, we will begin our discussions on monsters in earnest. And as we progress with this unit, the monsters you create (with your partner-- more on this later) will come alive, and start moving. But for them to do that, they need first be conceived. For this assignment, you will write a 10 liner description of the most fearful creature you can imagine. You can write about its physical deformity, its malicious character, its habitation, etc. Just make sure that your monster is uniquely yours (although it may be a combination of the existing monsters out there, or a remake of such monsters). This is a P/NP assignment, which means that if you fail to turn it in, there is a -5pt penalty. You can list the 10 traits here, below: 1) sharp teeth with two 1 foot fangs 2) 3 feet tall 3) lives underground 4) fire-breathing 5) black eyes 6) long sharp claws 7) human like behavior 8) hunched back 9) has no soul 10) very strong and powerful Later when you've partnered up you will compare the two 10 liners and decide what traits to keep and what to discard. Of course, the monster may shape-shift and evolve as you progress with your short story. This is absolutely fine. I'm not holding you down to the 10 liner. Just have fun with it. Be inspired by your own fears. And make it impossible for me to sleep. That, is the goal of any writer creating a...
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... * There’s a cost involved in buying the DVD * The DVD doesn’t have the capacity to store games, programs, updates, and applications the user has installed Someone with a new computer will not be affected nearly as much as the others. New computers won’t have as many things saved to the computer already. Someone who has on older computer will have many more headaches involved. This user may even need to invest in multiple DVD’s and have to keep up with more DVD’s. This user will also lose all programs, updates, and applications. The business user may be complicated but the user will be able to save all files and will not lose any work progress or important work related files. For students they will be able to save all of the classwork, study materials, and other important files. An author will be able to save all the works in progress and completed books. Graphic designer will lose all the programs but will be able to save anything the user has saved to the...
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...spread his team through different continents so they will be able to work closer to the customer and immediately respond to regional problems. He made a wise decision in choosing a diverse and multitalented team. Greg James holds weekly conference calls in addition to the face to face meetings once a month. With the size of his team and their location in the world, effective communication is still a work in progress. Judging from the HS Holdings drama, James must be very attentive to the issues posed by having a global team in four major countries. There was a lack of empathy from James side in regards to a lot of issues the team faced. It’s important for the manager to hold constant conversation with his team members to better understand their daily work performance. His approach however seemed a bit lackluster and ineffective. Issues like odd team meeting timings and misunderstanding because of different pay rate, would have never blown to such an extent if James had addressed them in their infancy. Prior to James’s trip, he was not in touch with his team or their progress. Upon his return, he instituted several team meetings, one on one meetings to bring him closer to his team and to develop team closeness and trust. It is important that he creates a sound environment to foster effective communication as that is of paramount importance in smooth sailing global team relationships. 2. What are the issues that are causing the sub-teams from each country to difficulty integrating...
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...Tabitha West The Social Mirror Assignment 1. What would others say about you that is generally positive? Friends would actually say I am very kind hearted, loving, and caring. I take care of my family and protect the ones that I love. I try my hardest to please everyone but I get stepped on. My sister would say I am to kind for my own good but I am a hard worker and I do not give up very easily. 2. What “constructive suggestions” would others offer to help you improve or change? My sister would offer me a back bone, to stand up when need be especially to my family, also more of what she would call a better leg to stand on. My friends say they like me for who I am and would not change it at all except better taste in men. 3. What do you most like about yourself? I like most about myself I am a very caring person, I do my best to make everything right or be there for someone. I am currently taking care of my grandmother while the rest of the family kind of expects me to with my background and I live here. I do it because I love her and no one else will they don’t care. 4. What do you most dislike in yourself and would like to change? What I dislike about myself the most, that I have a big heart. People with big hearts seem to get pushed around and stepped on or is that just me? It seems the bigger the heart the easier to break in my life. People take for granted that I am kind and loving and use it to their advantages. 5. What beliefs to you have about yourself that...
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...Remarks Section III PROJECT CHANGES [Insert rows as needed] Change Reques t ID No. Description of Change Change Requestor Approval Status Action Steps Actual Resolution Date [DD/MM/YYYY] Current Change Status* [PROJECT STATUS REPORT] Rev. 1.0, 25/10/2013 Section IV Company here UPCOMING TASKS/MILESTONES This section only includes tasks/milestones that are to be completed by next reporting period, ending 06/06/2012. [Insert rows as needed] Description of Task/Milestone Baseline Finish Date [DD/MM/YYYY] Current Status* Remarks *Key: This column should be populated with the task/milestone current status. Valid options include the following: Idle The task/milestone has not yet to start. In Progress The task/milestone is being actively worked on. Finished The task/milestone has been completed. Delayed The task/milestone is not yet completed and it is past the expected finish date. On Hold The task/milestone has been put on hold. This column should be populated with the change request's current status. Valid...
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...calendar year in which you are enrolled. Please contact the FST Student Success Centre for program planning assistance. | | | |Course Level Legend |Course Progress Legend | |JUNIOR / JR - 200 numbered course |TR - Transfer Credit Awarded | |SENIOR / SR - 300 or 400 numbered course |C - Completed AU Course | |PREPARATORY - 100 numbered course |IP - In Progress AU Course | | | | | | | | |LEVEL |TOTAL |COURSE |REQUIREMENT |COURSE |COMMENTS | | |CREDITS | | |PROGRESS | | |Junior |6 |COMP200 |Required Core | |Science | |Junior |9 |COMP268 |Required Core | |Science | |Junior |12 ...
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...Fear of Writing My fear of writing began with grammar in grade school. As a young boy in catholic school, I spent many hours trying to correct my run on sentences; I had so much to say then and I guess I have just as much to say now. I guess the only difference now is that I married a teacher who is constantly correcting the way I speak/write. I am still trying to figure out if it’s my grammar or my marriage…just a joke. The most difficult part of writing for me has been to slow myself down so that I am able to take my profound thoughts and ideas and have them make sense to the reader; this is a work in progress. I have always found it funny that I love to read yet I have a terrible time writing and spelling; thank heavens for spell check. Unbeknownst to me, upon registering for Nursing 324 and 325, I found out that these courses were in fact writing intensive courses. That’s when I realized that the nightmares of my youth were now the terrors of the present. After beginning both courses, I quickly realized that while in the process of learning how to use an APA style of writing in Nursing 324, I was being asked to incorporate this format into Nursing 325. Nursing 325 places an emphasis on the proper use of APA format. Needless to say I have been sleeping with my APA Manual and Rules for Writers text books for 4 modules now. We are officially going steady. I have to admit that taking these courses simultaneously may not have been the best idea, but it has forced...
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...INtroduction The three-year old Donner Company has positioned itself well within both the small volume, customized (contract) printed circuit boards market as well as the large volume, generic (captive) printed circuit boards market. Large electronic firms (AT&T, IBM) produced their components in captive shops, while smaller sized companies, or when large and small quantities of simple technology or fast turn-around prototype boards were required, these requests usually are fulfilled by contract shops. With a company that is managed primarily by engineers, Donner’s core competency was, obviously, its engineering expertise, and it produced specialized circuit boards known as “soldermask over bare copper” (SMOBC) boards. Donner positioned itself to manufacture these boards to small and large electronic firms and management envisioned it as one of the industry leaders. With 750 competitors in the US alone, and a market that is volatile, Donner’s ability to anticipate and resolve design problems and prototype techniques enabled it to maintain its competitive edge. However, this competitive edge has been compromised by poor on-time delivery and high rate of product return, in addition to planning and manufacturing problems that caused bottlenecks, shifting bottlenecks and improper utilization of labor. These problems began to hamper the overall performance of the firm, and management started evaluating the company’s position and different strategic policies. 1....
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...Downtown Lights Langston has become like another home to me. It provides food, the location is easy to remember, and it has people that I feel comfortable around. Yet, my heart will always have a deep love for the city that I was born and raised in. Oklahoma City is a city I am proud to call home. Now that I am distant from home, every weekend trip to return home is always filled with emotions. Last weekend even, was an exciting time for me, because not only was I able to go see a movie I have been looking forward to since the middle of high school. In addition, I was going to be with a group of friends that I truly could be myself around and did not feel ashamed to act like an imbecile in front of. Even though they were all girls, I still enjoyed being around them; especially the one that I thought was attractive. Everything turned out great, we saw an entertaining movie, walked and talked, and just enjoyed being in each others presence. In order to watch this movie, we had to go the downtown area of Oklahoma City, where it’s illuminated as if its Christmas all year round. I was the first one to arrive at the theater because I have a set way of showing up at least ten minutes to any show or event I attend. After fifteen minutes of listening to the water fountain behind me, and watching couples stole by with their hands in a grip death match-the girls finally arrived. All we had to do is look around and we could tell who was seeing the same movie as us. There were people...
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...Based on case, Chad is now need to make decisions to make sure the operation of his company flows effectively without stopping at any stage up to the current situation. In the short run, Chad needs to focus on inventory, scheduling, and maintenance to make the right decisions for each of it. For the Scheduling decision, chad’s manufacturing of standard line has many raw materials in manufacturing as work in process. This makes the progress is slow and caused Chad’s company unable to make a good turn over. They came across a critical situation because their finance status not satisfying. Now, it needs to make scheduling decision to make sure there are not many raw materials in the work in progress status. The standard line manufacturing needs to be scheduled properly to avoid this problem. Secondly, the text had mentioned that standard product’s warehouse is costly to keep the inventory. To solve out this problem, Chad needs to make inventory and supply-chain decision. It must decide a good supply chain and implement it before it’s too late. It can also set daily objectives for its workers. The workers have to fulfill the daily targets of both the custom and standard products. As a result, this will lead to a decrease of the inventory as well as lowering costs generated by the standard line. Maintenance decision The third decision type is the maintenance decision. Chad’s company is now facing problem in term of finance and insufficient of capacity. It needs to...
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