LEARN MORE...

Process Cost Accounting Answers

Content type

User Generated

Subject

Accounting

Type

Homework

Uploaded By

rkcreg_zr

Pages

7

Showing Page:

1/7

Sign up to view the full document!

Showing Page:

2/7

Sign up to view the full document!

Showing Page:

3/7

Sign up to view the full document!

End of Preview - Want to read all 7 pages?

Unformatted Attachment Preview

Answer (1) a) Units to account for Units in beginning inventory Units started Total units to account for 8,000 15,000 23,000 b) Units transferred = units to account for – units in ending inventory = 23,000-5,000 = 18,000 units c) Units transferred remain the same at 18,000 units d) Units transferred are 18,000 Units from beginning inventory = 8,000 Units started and completed = 18,000-8,000=10,000 Answer (2) Production Cost Report – Average Cost Method For the Month of Quantity Schedule Quantities Physical Units Units to be accounted for Work in Process, Beginning Started into Production Total Units Units Accounted for Transferred Out WIP, Ending Total Units Cost per Equivalent Unit Unit Costs WIP Costs in Month Total Cost Equivalent Units Unit Costs Cost Reconciliation Schedule Costs to be accounted for WIP, Beginning Started into Production Total Costs Costs Accounted for Transferred out Work in process, Ending Material Labor Overhead Total WIP Total costs Equivalent Units Material Labor 500 3,700 4,200 3,800 400 4,200 Material 2,500 13,500 16,000 4,000 4 3,800 200 4,000 3,800 200 4,000 1,200 9,200 10,400 4,000 2.6 Overhead 1,100 8,500 9,600 4,000 2.4 Labor 4,800 31,200 36,000 34,200 800 520 480 1,800 36,000 3) a) Quantity Schedule Quantities Units to be accounted for Work in Process, Beginning Started into Production Total Units Units Accounted for Transferred Out WIP, Ending Total Units Physical Units Equivalent Units Material Labor 16,000 1,000 17, ...
Purchase document to see full attachment

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Studypool

4.7

Indeed

4.5

Sitejabber

4.4

24/7 Study Help

Stuck on a study question? Our verified tutors can answer all questions, from basic math to advanced rocket science!

Post question

Inference in Regression

Your answers should be submitted in the form of a Word document. The Word document should include ALL your answers includi ...

Inference in Regression

Your answers should be submitted in the form of a Word document. The Word document should include ALL your answers including any charts, tables, or graphs required. Answer questions with complete sentences and using appropriate units and notation.You need to submit the Excel files that supports your work. If alpha is not provided, use 0.05 level of significance.Problem 1 (15 points)Consider Model 1 from Individual Assignment 2. Use this regression model to test (at the 5% level of significance) if the average price of a house in the West neighborhood is greater than the average price of a similar house in the North neighborhood.Model 1:A. State the null and alternative hypotheses. B. State the p-value for this test.C. State the statistical conclusion.D. Communicate the results of the test in "plain English" within the context of the problem.Problem 2 (15 points)Consider Model 2 from Individual Assignment 2. Use this regression model to test (at the 5% level of significance) if the brick premium in the East is different from the brick premium in the North.Model 2:A. State the null and alternative hypotheses. B. State the p-value for this test.C. State the statistical conclusion.D. Communicate the results of the test in "plain English" within the context of the problem.Problem 3 (20 points)Consider Model 2 from Individual Assignment 2. Use this regression model to test (at the 5% level of significance) if the average increase in price for a 1 square foot increase in floor area is less than $320 per square foot.A. State the null and alternative hypotheses. B. Calculate the p-value for this test. Include the Excel function (specifying all inputs) that you used to compute this probability.C. State the statistical conclusion.D. Communicate the results of the test in "plain English" within the context of the problem.

See details below

3a. Living Case Analysis Project – Motivation On the course Bb shell under the tab “Living Case Analyses” students w ...

See details below

3a. Living Case Analysis Project – Motivation On the course Bb shell under the tab “Living Case Analyses” students will find a hotlink to the MediaSite presentations to be used for the Living Case Analysis Projects in Motivation and in Leadership. For the Living Case Analysis Project – Motivation, go to the MediaSite listing. On the left hand side you will see a series of folders and instructor names. Click on the folder with the name Kevin Love. A subfolder called “Living Cases in Motivation” will appear. Click on this subfolder. Three living cases will be displayed in the listing. Use Living Case in Motivation Panel Presentation. This video will feature Professor Kayla Slezak and Chief Martin Trombley (retired). The topic of the case is Motivation. They provide a presentation about their background and the principles they use to motivate others. They then respond to students’ questions. After viewing the presentation, you will need to address the specific questions stated below. Here are the questions and format for the Living Case Project – Motivation assignment. Describe eachSpeaker’s basic assumptions regarding employee motivation. That is, what are the underlying principles which guide how the Speaker treats his/her people (i.e., their direct report subordinates, their students, etc.), designs situations, structures jobs, communicates, etc. which positively motivate them?Describe the THEORIESof motivation (based upon those frameworks of motivation presented as part of this course) which can be applied to describe each Speaker’s motivational assumptions and actions. Describe how eachSpeaker uses different motivational approaches for different types of people [e.g., their direct report subordinates, their students, etc.) or situations (e.g., day to day operations, in the classroom, etc.)].From your personal perspective describe the most important LESSONSa new manager could learn from listening to eachSpeaker regarding how to motivate others to higher levels of performance.Compare the two speakers and describe any differences in their respective approaches to motivation which you believe might be due to their gender (i.e., male versus female) and age or generation(i.e., under 30 versus over 60 years of age). Please provide answers to all five items. While content is more important than length, your answer to each item should be a minimum of one page, although the expectation is that your paper will approximate 6-8 pages of double-spaced text. Make sure you provide specific and detailed examples from each Speaker’s presentation and his/her answers to the class members’ questions in addressing the above items. It is required that the student reference material from the textbook, the recorded presentations, or other authoritative sources (e.g., journal articles, other textbooks, newspaper/magazine articles, etc.) to support their assertions as stated in the paper. You don’t have to use any particular citation format. For example you could say “On page XXX in the text, Equity Theory is described as . . .I think this relates to the Speaker’s approach to motivation as . . .” https://chipcast.hosted.panopto.com/Panopto/Pages/Sessions/List.aspx#folderID=%2248b80d9f-53aa-4828-9e66-a8b601583108%22

10 pages

Electropic Llc Case Analysis

The case of Electropic LLC focuses on the newly promoted member of staff, June Pyle. The promotion comes in the place of a ...

Electropic Llc Case Analysis

The case of Electropic LLC focuses on the newly promoted member of staff, June Pyle. The promotion comes in the place of another member of staff, ...

Within the Discussion Board area, write 300–500 words

Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas ...

Within the Discussion Board area, write 300–500 words

Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.Part 1: Ethics in ResearchUtilizing the Internet, CTU Library, and your textbook, choose 1 example of unethical research in a business setting, and discuss the following: Explain why research might be considered unethical. Explain what ethical considerations there are and how to avoid these issues in your research project. Explain what components are needed in the introduction to a survey to address ethical concerns.You may wish to review an example time line by clicking here. Part 2: Preparing to Create Your SurveyBuilding on the organizational issue, problem, or topic that you identified in Unit 1, complete the following: Write 1 research question regarding that topic, in preparation for the assignments in Units 3–5. Create 5 survey questions that would help answer your research question. Write your hypothesis for your research question.

Observing Trends in Data and Ratios Worksheet

The Finance Director has asked you, the accountant, to explain the ratio analysis and the understanding the difference bet ...

Observing Trends in Data and Ratios Worksheet

The Finance Director has asked you, the accountant, to explain the ratio analysis and the understanding the difference between liquidity, solvency and profitability analysis, how would you communicate your response to this question?Include in your response a discussion of the basic objective of observing trends in data and ratios. Suggest some standards of comparison.In addition, the Finance Director has also asked the following questions. Explain which ratio you would apply for the following questions:How quickly is our company able to collect its receivables?How quickly is our company able to sell its inventory?Will our company be able to make interest payments as they become due?

Similar Documents

Profiles in Humanities

Have you ever wondered what William Shakespeare's Facebook profile would look like, assuming he was alive today? Many of...

MGT 324 SEU Wk 1 Information Technology Skills and Public Management Questions

Avoid plagiarism, the work should be in your own words, copying from students or other resources withou...

Management Question

hello, i need help solving my assignmet attached in the files below.Please Note:1- No plagiarism2- References required3- a...

INF 336 Ashford University Project Procurement Management Paper

WEEK 3 ASSIGNMENT: Need Definition From the end of Chapter 6, complete the following questions out of the section titled �...

BUA 3305 Texas Wesleyan University Internet of Things Essay

The purpose of the journal entry assignments in this course is to demonstrate that you can link specific technologies to t...

University of the Cumberlands Market Segmentation Research Paper

Topic: Market SegmentationCover pageOverview describing the importance of the research topic to current business and profe...

Correctional Policies

Crime detection and prevention is essential for the well-being of the entire society. As a result, criminal justice system...

Respond With Detailed Paragraphs

The culture of an organization determines how employees should conduct themselves. Therefore, organization culture calls f...

acc_291_wk_1_dq_1.docx

acc_291_wk_1_dq_1.docx...

Study help

Our tutors provide high quality explanations & answers.

Post question

Inference in Regression

Your answers should be submitted in the form of a Word document. The Word document should include ALL your answers includi ...

Inference in Regression

Your answers should be submitted in the form of a Word document. The Word document should include ALL your answers including any charts, tables, or graphs required. Answer questions with complete sentences and using appropriate units and notation.You need to submit the Excel files that supports your work. If alpha is not provided, use 0.05 level of significance.Problem 1 (15 points)Consider Model 1 from Individual Assignment 2. Use this regression model to test (at the 5% level of significance) if the average price of a house in the West neighborhood is greater than the average price of a similar house in the North neighborhood.Model 1:A. State the null and alternative hypotheses. B. State the p-value for this test.C. State the statistical conclusion.D. Communicate the results of the test in "plain English" within the context of the problem.Problem 2 (15 points)Consider Model 2 from Individual Assignment 2. Use this regression model to test (at the 5% level of significance) if the brick premium in the East is different from the brick premium in the North.Model 2:A. State the null and alternative hypotheses. B. State the p-value for this test.C. State the statistical conclusion.D. Communicate the results of the test in "plain English" within the context of the problem.Problem 3 (20 points)Consider Model 2 from Individual Assignment 2. Use this regression model to test (at the 5% level of significance) if the average increase in price for a 1 square foot increase in floor area is less than $320 per square foot.A. State the null and alternative hypotheses. B. Calculate the p-value for this test. Include the Excel function (specifying all inputs) that you used to compute this probability.C. State the statistical conclusion.D. Communicate the results of the test in "plain English" within the context of the problem.

See details below

3a. Living Case Analysis Project – Motivation On the course Bb shell under the tab “Living Case Analyses” students w ...

See details below

3a. Living Case Analysis Project – Motivation On the course Bb shell under the tab “Living Case Analyses” students will find a hotlink to the MediaSite presentations to be used for the Living Case Analysis Projects in Motivation and in Leadership. For the Living Case Analysis Project – Motivation, go to the MediaSite listing. On the left hand side you will see a series of folders and instructor names. Click on the folder with the name Kevin Love. A subfolder called “Living Cases in Motivation” will appear. Click on this subfolder. Three living cases will be displayed in the listing. Use Living Case in Motivation Panel Presentation. This video will feature Professor Kayla Slezak and Chief Martin Trombley (retired). The topic of the case is Motivation. They provide a presentation about their background and the principles they use to motivate others. They then respond to students’ questions. After viewing the presentation, you will need to address the specific questions stated below. Here are the questions and format for the Living Case Project – Motivation assignment. Describe eachSpeaker’s basic assumptions regarding employee motivation. That is, what are the underlying principles which guide how the Speaker treats his/her people (i.e., their direct report subordinates, their students, etc.), designs situations, structures jobs, communicates, etc. which positively motivate them?Describe the THEORIESof motivation (based upon those frameworks of motivation presented as part of this course) which can be applied to describe each Speaker’s motivational assumptions and actions. Describe how eachSpeaker uses different motivational approaches for different types of people [e.g., their direct report subordinates, their students, etc.) or situations (e.g., day to day operations, in the classroom, etc.)].From your personal perspective describe the most important LESSONSa new manager could learn from listening to eachSpeaker regarding how to motivate others to higher levels of performance.Compare the two speakers and describe any differences in their respective approaches to motivation which you believe might be due to their gender (i.e., male versus female) and age or generation(i.e., under 30 versus over 60 years of age). Please provide answers to all five items. While content is more important than length, your answer to each item should be a minimum of one page, although the expectation is that your paper will approximate 6-8 pages of double-spaced text. Make sure you provide specific and detailed examples from each Speaker’s presentation and his/her answers to the class members’ questions in addressing the above items. It is required that the student reference material from the textbook, the recorded presentations, or other authoritative sources (e.g., journal articles, other textbooks, newspaper/magazine articles, etc.) to support their assertions as stated in the paper. You don’t have to use any particular citation format. For example you could say “On page XXX in the text, Equity Theory is described as . . .I think this relates to the Speaker’s approach to motivation as . . .” https://chipcast.hosted.panopto.com/Panopto/Pages/Sessions/List.aspx#folderID=%2248b80d9f-53aa-4828-9e66-a8b601583108%22

10 pages

Electropic Llc Case Analysis

The case of Electropic LLC focuses on the newly promoted member of staff, June Pyle. The promotion comes in the place of a ...

Electropic Llc Case Analysis

The case of Electropic LLC focuses on the newly promoted member of staff, June Pyle. The promotion comes in the place of another member of staff, ...

Within the Discussion Board area, write 300–500 words

Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas ...

Within the Discussion Board area, write 300–500 words

Within the Discussion Board area, write 300–500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.Part 1: Ethics in ResearchUtilizing the Internet, CTU Library, and your textbook, choose 1 example of unethical research in a business setting, and discuss the following: Explain why research might be considered unethical. Explain what ethical considerations there are and how to avoid these issues in your research project. Explain what components are needed in the introduction to a survey to address ethical concerns.You may wish to review an example time line by clicking here. Part 2: Preparing to Create Your SurveyBuilding on the organizational issue, problem, or topic that you identified in Unit 1, complete the following: Write 1 research question regarding that topic, in preparation for the assignments in Units 3–5. Create 5 survey questions that would help answer your research question. Write your hypothesis for your research question.

Observing Trends in Data and Ratios Worksheet

The Finance Director has asked you, the accountant, to explain the ratio analysis and the understanding the difference bet ...

Observing Trends in Data and Ratios Worksheet

The Finance Director has asked you, the accountant, to explain the ratio analysis and the understanding the difference between liquidity, solvency and profitability analysis, how would you communicate your response to this question?Include in your response a discussion of the basic objective of observing trends in data and ratios. Suggest some standards of comparison.In addition, the Finance Director has also asked the following questions. Explain which ratio you would apply for the following questions:How quickly is our company able to collect its receivables?How quickly is our company able to sell its inventory?Will our company be able to make interest payments as they become due?