1 Physical Units Transferred-In Costs Direct Materials Conversion Costs (tons) 2 Work in process, beginning inventory (June 1) 60 $51,000 $0 $24,000
3 Degree of completion, beginning work in process 100% 0% 50%
4 Transferred-in during June 100
5 Completed and transferred out during June 120
6 Work in process, ending inventory (June 30) 40
7 Degree of completion, ending work in process 100% 0% 75%
8 Total costs added during June $120,000 $33,000 $63,600
Requirements:
Calculate equivalent units of transferred-in costs, direct materials, and conversion costs Summarize the total costs to account for, and calculate the cost per equivalent unit for transferred-in costs, direct materials, and conversion costs. Assign costs to units completed (and transferred out) and to units in ending work in process.

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations