1. | Question : | (TCO A) Wages paid to an assembly line worker in a factory are a | | | Student Answer: | | Prime Cost YES.....Conversion Cost NO. | | | | Prime Cost YES.....Conversion Cost YES. | | | | Prime Cost NO....Conversion Cost NO. | | | | Prime Cost NO.....Conversion Cost YES. | | Instructor Explanation: | Chapter 2 | | | | Points Received: | 6 of 6 | | Comments: | | | | 2. | Question : | (TCO A) A cost incurred in the past
Words: 1846 - Pages: 8
month of operation, Kuhlman Company purchased 310 units of inventory for $5, then 410 units for $6, and finally 350 units for $7. At the end of the month, 380 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Question 2 Sadowski Video Center accumulates the following cost and market data at December 31. Inventory Categories | | Cost Data | | Market Data | Cameras | | $11,475 | | $12,565 | Camcorders | | 8,599 | | 9,289 |
Words: 466 - Pages: 2
for efficient. Time Management Strategies An employee's behavior in performing a list of tasks, whether simple or complex, is described as a queue processing strategy: * First In, First Out (FIFO) * Cycling Downhill * Prioritizing by Importance * Prioritizing by Urgency First In, First Out (FIFO) This strategy describes the principle of ordering the tasks in order of their arrival. Cycling Downhill This strategy describes the principle of a completing the most difficult task first,
Words: 519 - Pages: 3
Poisson distribution can be established by the following: x: 3 P(x)= Probability of 3 arrivals = 14.037% y: 5 e:2.71828 Furthermore, another waiting-line characteristic with respect of the queuing discipline. ILC uses a first-in, first-out (FIFO) rule, with a basic queuing system design that involves a single-phase queuing system (M/M/1). This system operates with a Poisson arrival rate pattern, with an exponential service time pattern. I Love Coffee drive
Words: 504 - Pages: 3
BMGT 321 Chapter 6 Homework Click Link Below To Buy: http://hwaid.com/shop/bmgt-321-chapter-6-homework/ MASTER BUDGET AND RESPONSIBILITY ACCOUNTING Problem Solutions 6-16 (15 min.) Sales budget, service setting. In 2014, Rouse & Sons, a small environmental-testing firm, performed 12,200 radon tests for $290 each and 16,400 lead tests for $240 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 10% next year. However
Words: 1276 - Pages: 6
especially in cases in which similar goods are purchased at different times and at different prices.” The ASC 330-10-30-9 said that “Cost for inventory purposes may be determined under any one of several assumptions as to the flow of cost factors, FIFO, average, and last-in first-out LIFO.” Under this code said the company should choose one of the methods to record their inventory cost, lower of cost or market is an adjustments for their inventories. The ASC 330-10-35-1/2 said that company should
Words: 615 - Pages: 3
A C Corporation requires Form 1120 to be completed for tax purposes, while an S Corporation requires Form 1120S. Both forms contain Schedules M-1, M-2 and M-3. Schedule M-1 is used to reconcile book income to taxable income. Schedule M-2 is for analysis of accumulated adjustments. Schedule M-3 must be used, instead of Schedule M-1, if a corporation has total assets of $10 million or more. (Department of the Treasury, 2015) In order to reconcile for the ABC Company as a C Corporation, using Schedule
Words: 601 - Pages: 3
Bosch Termotecnologia SA Bosch Production System Lean Logistics Implementation in TTPO Cristina Jorge Bosch Termotecnologia SA 25-06-2008 Termotecnologia 1 TTPO/BPS | 25/06/2008| © Robert Bosch GmbH reserves all rights even in the event of industrial property rights. We reserve all rights of disposal such as copying and passing on to third parties.. Bosch Termotecnologia SA Bosch Production System Foundation of Vulcano 1983 Robert Bosch acquires majority of shares 1992
Words: 1931 - Pages: 8
Week Five Problems and Exercises ACC/290 Principles of Accounting I BE-5-1 Presented here are the components in Korinek Company’s income statement. Determine the missing amounts. |Sales Revenue | |Cost of Goods | | | | |Sold | | |Dec. 15
Words: 660 - Pages: 3
estado listo, este es agregado a la cola de listos. Cuando el proceso que actualmente está ejecutando cesa su ejecución entonces el proceso más viejo en la cola es seleccionado para correr. La implementación de esta política es a través de colas FIFO (First-In, First-Out ). Cuando el CPU está libre, éste es asignado al proceso que está en la cabeza de la cola. FCFS es un algoritmo nonpreemptive , pues una vez que el CPU esasignado a un proceso, este lo mantiene hasta queespontáneamente lo suelta
Words: 995 - Pages: 4