Reference no: EM13727511
Tappan, Inc., manufactures one product and accounts for costs using a job cost system. You have obtained the following information from the corporation's books and records for the year ended December 31, Year 1:
*Total manufacturing cost during the year was $2,000,000 based on actual direct material, actual direct labor, and applied manufacturing overhead.
*Manufacturing overhead was applied to work in process at 62.5 percent of direct labor dollars. Applied manufacturing overhead for the year was 25 percent of the total manufacturing cost during the year.
REQUIRED:
Compute actual direct material used, actual direct labor, and applied manufacturing overhead.
Direct material used _________________
Direct labor _________________
Manufacturing overhead applied _________________
|
Decide whether to build a small or a large facility
: A firm that plans to expand its product line must decide whether to build a small or a large facility to produce the new products. If it builds a small facility and demand is low, the net present value after deducting for building costs will be $400,..
|
|
Identify current legislation impacting unions
: Identify current legislation impacting unions and where you see them going in the future. Your opinion/experience with either or both of these environments. Discuss positive employee relations strategies and non-monetary rewards.
|
|
Calculate the companys peso transaction exposure
: Suppose an agribusiness in Texas exports its crops. It expects an 18 million peso invoice for an export to Mexico to be paid in 90 days. The current spot and 90-day forward rates are $0.7502/Peso and $0.7422/Peso respectively.
|
|
What is toyotas net translation exposure
: Toyota has exposed assets of ¥7 billion and exposed liabilities of ¥5 billion. During the year, the yen appreciates from ¥110/$ to ¥80/$. What is Toyota's net translation exposure at the beginning of the year in yen? In dollars? What is Toyota's tran..
|
|
Product and accounts for costs using a job cost system
: Tappan, Inc., manufactures one product and accounts for costs using a job cost system. You have obtained the following information from the corporation's books and records for the year ended December 31, Year 1:
|
|
The virtual team is made up of 25 to 30 members
: 1.Which of the five dysfunctions of a team (presented in Figure 12.3) would be the greatest barriers to virtual team productivity? Defend your answer. I choose fear of conflict as my greatest barrier as a dsyfucntion
|
|
What is the amount of the net fixed assets
: ET Industries has net working capital of $12,700, current assets of $38,200, equity of $53,400, and long-term debt of $11,600. What is the amount of the net fixed assets?
|
|
The warrant over and above its exercise value
: Company Z issued bonds with detachable warrants several years ago. Each warrant allows the holder to purchase one share of stock at $30 per share. The stock has a beta of 1.3. How much would an investor likely be willing to pay for the warrant over a..
|
|
Discuss the role of public relations research
: Identify a minimum of five ways research is used in public relations. Discuss the role of public relations research in setting organizational short-term and long-term goals within an organization. Assess the manner in which public relations res..
|