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Question 1 - Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:
Beginning work in process
10,000 units
Units started
20,000 units
Units completed
25,000 units
Beginning work-in-process direct materials
$ 6,000
Beginning work-in-process conversion
$ 2,600
Direct materials added during month
$30,000
Direct manufacturing labor during month
$12,000
Factory overhead
$ 5,000
Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete.
Required: Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
Question 2 - Surf Products Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities:
Beginning work in process inventory
3,000 items, 1/3 complete
Units placed in production
12,000 units
9,000 units
Ending work in process inventory
6,000 items, 1/2 complete
Cost of beginning work in process
$2,500
Direct material costs, current
$9,000
Conversion costs, current
$7,700
Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.
Required: Prepare a production cost worksheet using the FIFO method.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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