...Bus 182 – Job Order Costing Comprehensive Problem A. L. Vuitton Fitness Inc. manufacturers exercise equipment. During the first month of operations ended April 30, 2010, L. Vuitton Fitness Inc. had the following transactions and information: Purchase direct materials on account for $118,000 Materials requisitioned for production of cardio equipment $35,000 Materials requisitioned for production of strength training equipment $50,000 Factory assembly line wages incurred, $25,000 Factor assembly supervisor and quality control salaries incurred, $45,000 Corporate headquarter salaries incurred, $65,000 Following factory expenses were incurred: o Depreciation on production equipment, $5,000 o Utilities on account, $2,500 o Property taxes on factory, $1,500 L. Vuitton Fitness Inc. uses machine hours to apply factory overhead. Estimated factory overhead is $55,000; estimated machine hours 2,000; actual machine hours 2,100 Following general and administrative expenses were incurred: o Depreciation on equipment, $7,500 o Utilities on account, $1,250 o Property taxes on corporate headquarters, $2,500 Cost of exercise equipment completed for the period, $165,000 Goods costing $105,000 sold for $155,000 on account L. Vuitton Fitness Inc. uses a direct write-off approach in applying over or under applied factory overhead. L. Vuitton adjusts its factory overhead account at the end of the year. Requirements a. Prepare journal entries for each transaction listed above...
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...Ryan Dunphy Creative Writing Assignment Lost Footsteps Standing 6 feet 8 inches tall and doofy as a clown, Mike had always found it tough to fit through the door way let alone fit in at school. With long arms that resembled pool noodles and a face that only a mother could love, he never really felt like he belonged. Ever since a young age Mike tried really hard to impress the guys but often times was clumsy and wound up making a fool of himself. His tall stature naturally gave him an advantage physically, which drew him to sports. Mike was particularly attracted to basketball, not just because of his height advantage but because when he played with friends and teams were picked he always got picked first, so tall that he could just get all the rebounds. Fitting in for Mikey meant the world to him, if he could have taken a class titled, How to be cool 101, Mikey would be the first kid in class every day. Mikey ‘s parents recognized how much their son was struggling socially so they offered to go meet with a therapist that they had known from a family friend. It wasn’t a topic of conversation at all for Mikey however as he said, “Are you kidding Ma, If someone finds out that I talk to some lady about my problems, their gonna think I’m a freak!”. Not wanting to make their son upset Mikey’s parents decided to drop the issue as it probably wasn’t that big of deal and like they said “he was sure to get through it on his own”. The summer after Mikey’s junior year...
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