1) kota toy corporation manufactures lizard dolls in two departments, molding and assembly. in the molding department, plastic is injected into a lizard-shaped mold. the dolls that come out of the molds are then transferred to the assembly department where hair is applied. kota uses a weighted-average process cost system to collect costs in both departments. on january 1, the molding department had 4,000 dolls in process. these dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost. during january, molding completed 79,000 dolls. on january 31, molding had 7,000 dolls in work in process. these dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost. what are the molding department's equivalent units related to materials for january? a) 79,000 b) 86,000 c) 89,000 d) 93,000

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)