FREE Trial

Adria Lopez, owner of Success Systems, decides to diversify her business by also manufacturing computer workstation furniture. Required 1. Classify the following manufacturing costs of Success Systems by behavior and traceability. 2. Prepare a manufacturing statement for Success Systems for

Adria Lopez, owner of Success Systems, decides to diversify her business by also manufacturing computer workstation furniture.


Required

1. Classify the following manufacturing costs of Success Systems by behavior and traceability.


Adria Lopez, owner of Success Systems, decides to diversify her


2. Prepare a manufacturing statement for Success Systems for the month ended January 31, 2014. Assume the following manufacturing costs:
Direct materials: ......$ 2,200
Factory overhead: .... $ 490
Direct labor: ....... $ 900
Beginning goods in process: none (December 31, 2013)
Ending goods in process: $ 540 (January 31, 2014)
Beginning finished goods inventory: none (December 31, 2013)
Ending finished goods inventory: $ 350 (January 31, 2014)
3. Prepare the cost of goods sold section of a partial income statement for Success Systems for the month ended January 31,2014.

Transcribed Image Text:

Cost by Behavior Cost by Traceability Product Costs Variable Fixed Direct Indirect I. Monthly flat fee to clean workshop... 2. Laminate coverings for desktops 3. Taxes on assembly workshop . 4. Glue to assemble workstation component parts9C. assembler. 6. Electricity for workshop.. 7. Depreciation on tools

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

1 Cost by Behavior Cost by Traceability Product Costs Variable Fixed Direct Indirect 1 Monthl…View the full answer


answer-question
Related Book For  answer-question
Fundamental accounting principle

Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

See More Books
Posted Date: November 26, 2013 10:28:56
See More Questions

Related Video

Today’s experiment is to make glue using simple material easily available at home. For this experiment, you need 25 ml of petrol also called gasoline. 250 ml water for solubility test. A wooden stick for mixing. And most importantly4 pieces of Thermocol sheet chemically named Polystyrene. When Thermocol is dissolved in Gasoline, Glue is formed.

Students also viewed these Managerial Accounting questions

Q:
Classify the following quality costs as prevention costs, appraisal costs, internal failure costs, or external failure costs: 1. Inspection of reworked units 2. Inspecting and testing a newly...
A:
1 Internal failure 2 Prevention 3 Internal failure 4 External failure 5 Ex......
Q:
Classify the following quality costs as prevention costs, appraisal costs, internal failure costs, or external failure costs: 1. Inspection of reworked units 2. Inspecting and testing a newly...
A:
1 Internal failure 2 Prevention 3 Internal failure 4 External failure 5 Ex......
Q:
Classify the following quality costs as prevention, appraisal, internal failure, or external failure. Also, label each cost as variable or fixed with respect to sales volume. 1. Quality engineering...
A:
1 Prevention fixed 2 Internal failure variable 3 External failure variable 4 External failure v......
Q:
Among the ledger accounts used by Glenwood Speedway are the following: Prepaid Rent, Rent Expense, Unearned Admissions Revenue, Admissions Revenue, Prepaid Printing, Printing Expense, Concessions...
A:
a May 1 Cash 300 000 Notes Payable 300 000 Obtained a three month loan f......
Q:
In 1985, neither Florida nor Georgia had laws banning open alcohol containers in vehicle passenger compartments. By 1990, Florida had passed such a law, but Georgia had not. (i) Suppose you can...
A:
i Let FL be a binary variable equal to one if a person lives in Florida and zero otherwise Let y90 b......
Q:
Figure 2 . 1 8 shows a network of water pipes with flows measured in liters per minute. (a) Set up and solve a system of linear equations to find the possible flows. (b) If the flow through AB is...
A:
a By applying the conservation of flow rule to each node we obtain th......
Q:
In which organizational form is the project manager least likely to share resources with other projects? A. Classical/traditional B. Projectized C. Strong matrix D. Weak matrix
A:
Click to View...
Q:
Bellows Lumber Yard, Inc. stocks standard length 25-foot boards, which it cuts to custom lengths to fill individual customer orders. An order has just come in for 5,000 7-foot boards, 1,200 9-foot...
A:
a The possible cutting patterns are summarized below Cutting Number......
Q:
Given the code that reads a list of integers, complete the number_guess() function, which should choose a random number between 1 and 100 by calling random.randint() and then output if the guessed...
A:
Here s the completed number guess function and the main part of the code python TODO Im......
Q:
The figure shows a sector of a circle with central angle θ. Let A (θ) be the area of the segment between the chord PR and the arc PR. Let B (θ) is the area of the triangle PQR. Find...
A:
Let the radius of the circle be r We see that A 0 is the area......
Q:
Access Piaggios Website (www.piaggiogroup.com) and select Governance and then select Company boards. Read the section dealing with the role of its board of directors. Required 1. Identify the role of...
A:
1 The Role of the Board of Directors section of the company s website identifies the board s main re......
Q:
On April 18, Riley Co. made a short- term investment in 300 common shares of XLT Co. The purchase price is $ 42 per share and the brokers fee is $ 250. The intent is to actively manage these shares...
A:
Apr 18 Short Term Investments Trad......
Q:
A truck acquired at a cost of $202,800 has an estimated residual value of $18,000, has an estimated useful life of 440,000 miles, and was driven 113,000 miles during the year. Determine (a) The...
A:
a The depreciable cost Book Value Less residual value 202800 1800......
Q:
Write down the Unix commands to install software, remove software, unused packages, remove software and dependencies, remove downloaded achieves files in Linux Create a file using nano editor and...
A:
A 1 Installing Software many Linux distributions come with graphical package managers you can use to install programs by using a single click The comm......
Q:
Required: Mr. Thomas is the manager of Care Corporation's Cute Care Division. Selma's performance as an investment center manager is measured using the residual income method. Mr. Thomas' goal for...
A:
To achieve the desired residual income of N 100 000 with a 20 imputed interest charge you can use th......
Q:
Describe the individuals or groups (e.g., student, parent/family/caregiver, or faculty/staff) who were impacted in each scenario selected and the context of their relationship with the teacher. ....
A:
I d be happy to provide an analysis of two scenarios involving teachers students and potential ethical and legal issues Scenario 1 Teacher Student Social Media Interaction Individuals Groups Impacted......
Q:
The vessel East Red has been fixed on a Net form, port charter-party (C/P) to load a full cargo of grain at the port of Dalian in China to discharge at Wellington in New Zealand. Draw up a LAYTIME...
A:
LAYTIME STATEMENT Dalian Operations Notice of Readiness N O R The vessel East Red anchored within the Port of Dalian at 08 46 hours on Wednesday 14th September The first N O R was issued at 20 00 hour......
Q:
Define the Music class by adding the firmware_version class attribute. Define the initializer method and pre-populate the tracklist with the Spirit in the sky, Starman, and Escape songs. Make sure...
A:
class Music firmware version 1 0 def init self self tracklist self current track def play sel......
Q:
A random variable X is normally distributed with a mean of 64 and a variance of 64, and a random variable Y is normally distributed with a mean of 160 and a variance of 256. The random variables have...
A:
Click to View...
Q:
Write a program to move a signed number from smaller register to bigger register. Hint: movzx ax, bl Topic: Data Related Operators and Directives in assembly language
A:
Solution Code TITLE Zohaib INCLUDE Irvine32 inc data......
Q:
Why does the use of the accelerated depreciation method (instead of straight line) for income tax reporting increase an investments value?
A:
Accelerated depreciation produces larger tax deductions and lower tax payments in the early years o......
Q:
Why does the use of the accelerated depreciation method (instead of straight line) for income tax reporting increase an investments value?
A:
Accelerated depreciation produces larger tax deductions and lower tax payments in the early years o......
Q:
This chapter explained two methods to evaluate investments using recovery time, the payback period and break-even time (BET). Refer to QS 11-6 and (1) Compute the recovery time for both the payback...
A:
1 Recovery time computation Payback Period Break Even Time 300 000 105 000 2 86 years 3 4 years s......
Q:
The accounting records of Brilliant Foods, Inc., include the following items at December 31, 2010: Requirements 1. Show how each relevant item would be reported on the Brilliant Foods, Inc.,...
A:
Req 1 Brilliant Foods Inc Partial Balance Sheet December 31 2010 Plant assets Current liabilities Eq......
Q:
The accounting records of Brighton Foods, Inc., include the following items at December 31, 2012: Requirements 1. Show how each relevant item would be reported on the Brighton Foods, Inc., classified...
A:
Req 1 Brighton Foods Inc Partial Balance Sheet December 31 2012 Property plant and equipment Current liabilities Equipment 744 000 Mortgage note Accum......
Q:
The accounting records of Braintree Foods, Inc., include the following items at December 31, 2012: Requirements 1. Show how each relevant item would be reported on the Braintree Foods, Inc.,...
A:
Req 1 Braintree Foods Inc Partial Balance Sheet December 31 2012 Property plant and equipment Current liabilities Equipment 745 000 Bonds payable Accu......
Q:
Middleton Spas provides the following data for the year just ended on December 31. Requirement Prepare the operating activities section of Middleton Spas' statement of cash flows for the year just...
A:
Middleton Spas Statement of Cash Flows Direct Method partial......
Q:
Briones Books is concerned about the profitability of its regular dictionaries. Company managers are considering producing only the top-quality, hand-sewn dictionaries with gold-edged pages. Briones...
A:
a 2 000 000 170 000 30 000 2 000 000 200 000 10 per machine hour Total OH assign......
Q:
A firm is considering a project that will generate perpetual after-tax cash flows of $15,000 per year beginning next year. The project has the same risk as the firm's overall operations and must be...
A:
If the D E ratio is 0 8 then D D E wi......
Q:
Visit the websites of two other hospitals (one possible candidate is Shouldice Hospital in Canada) and look at their Mission Statements. What similarities and differences do you notice when comparing...
A:
Click to View...
Q:
How could this fraud have been prevented? Why is this a difficult fraud to prevent? May 13, 1988, a Friday incidentally, will be remembered by a major Chicago bank. Embezzlers nearly escaped with $69...
A:
This case is difficult to prevent because it involves collusion That is an insider wa......
Q:
What are the differences that exist between the English common law system, on which the legal system of the state of California is based, and the civil law system, on which the legal system of Puerto...
A:
1 The English common law system which California follows relies heavily on precedent and case law to......
Q:
Rodi was recruited to the defendant law school, which had provisional accreditation, by statements indicating that accreditation would be forthcoming. (However, the school's catalog, which was sent...
A:
Yes The court found that a statement couched in terms of opinion can be a st......
Q:
Mountainside Medical Goods is embarking on a massive expansion. Assume plans call for opening 20 new stores during the next two years. Each store is scheduled to be 30% larger than the company's...
A:
Req 1 Alternative Alternative 1 2 Borrow 4 5 Issue 500 000 mil at 9 shares of stock Net income 2 years from now 4 225 000 4 225 000 Less interest expe......
Q:
McQueen Corp. issued 7.5% seven-year bonds payable with a face amount of $90,000 when the market interest rate was 7.5%. Assume that the accounting year of McQueen ends on December 31 and that bonds...
A:
Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT 2016 a July 1 Cash......
Q:
In Problems 89112, solve each equation. log 2 8 x = -6
A:
log 8 6 8 2......
Q:
The following is an extract of balances from Nicholas Enterprise, as well as some additional information at the end of their financial year. Balance for Nicholas Agribusiness Products Enterprise at...
A:
A Pre Adjustment Trial Balance as at 30 June 2020 Account Debit GHS Credit GHS Sale of Fruit Juice 198 000 Sale of Fertilizer 300 000 Opening Inventory 245 000 Purchases 110 000 Telephone 3 000 Salari......
Q:
The syntax of a user query is verified by Select one: a. Query optimizer Ob. None of the above c. DBA Od. Parser
A:
1 The syntax of a user query is verified by ANS D parser 2 The administrative supervision of database activities is the responsibility of ANS B Database administrator 3 Data integrity means ANS A Ensu......
Q:
You have been given the following information for Corky's Bedding Corporation: a. Net sales = $11,450,000. b. Cost of goods sold = $8,300,000. c. Other operating expenses = $190,000. d. Addition to...
A:
To calculate the depreciation expense for Corky s Bedding Corporation we can use the following formu......
Q:
First develop a single .py file that contains both the Country class definition and then a main program that uses instances of that class, similar to the way classSample.py works. The Country class...
A:
Country py class Country This class represents a country def init self name population capital capital population Initialize the country s properties......
Q:
Write a speech on the following topic: Write a speech on What is your favorite animal (dog)? Why? a) Who your audience is. b) What was the situation/emergency that put you into this spot? (e.g.,...
A:
Ladies and gentlemen Thank you for gathering here today I want to talk about an incredible creature that has always held a special place in my heart t......
Q:
Boyer Corp. has outstanding borrowings. One of these borrowings is nonconvertible preferred stock (cumulative) with a par value of $75 and an annual dividend rate of 8.25%. This preferred stock is...
A:
Computation of the yield or return r on thi......
Q:
Pearl Medavoy will invest $10,240 a year for 20 years in a fund that will earn 10% annual interest. . If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If...
A:
Sol i cos x y a i x iy cos a i cos a cos i sin a sin i B from 2 cos A B cos A cos B......
Q:
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
A:
Answer 12 A A bond s coupon rate sometimes abbreviated simply to coupon isn t affected by its price B However the coupon rate influences the bond s price by influencing the bond s competitiveness and......
Q:
First, spend a couple of sentences summarizing the Concepts in the article below ? Then, answer the following. In the Concepts in Article, the speaker mentioned, "A stock is fundamentally more...
A:
THE STOCKS IS FUNDAMENTALLY MORE DIFFICULT TO VALUE THAN A BOND IT S LESS QUANTITATIVE THE ABOVE STA......
Q:
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
A:
users and privacy advocates is Google s data collection and handling practices With its vast array o......
Q:
C.J mensah started a new park business called Jane park on February 1, 2016. The following selected events and transaction occurs during February. February 1. Invested $40,000 by issuing a common...
A:
The journal entries will be Date Explanation Debit Credit February 1 Cash Common stock To record the......
Q:
Define the terms sunk cost and differential cost.
A:
A sunk cost is a cost that was incurred in the past and cannot be alte......
Q:
A wave pulse on a string has the dimensions shown in Fig. E15.30 at t = 0. The wave speed is 40 cm/s. (a) If point O is a fixed end, draw the total wave on the string at t = 15 ms, 20 ms, 25 ms, 30...
A:
Identify The distance the wave shape travels in time t is vt The......
Q:
Use indirect truth tables to determine whether the following groups of statements are consistent or inconsistent.
A:
Click to View...
Q:
Hard Core had budgeted sales of 190,000 feet of its concrete culvert products for June 2010. Each foot of product requires 4 pounds of concrete ($0.10 per pound) and 7.5 pounds of gravel ($0.04 per...
A:
a b Sales feet 190 000 EI 10 000 Total 200 000 BI 12 250 Production 18......
Q:
Write a for loop to print all NUM_VALS elements of vector courseGrades, following each with a space (including the last). Print forwards, then backwards. End with newline. Ex: If courseGrades = {7,...
A:
C Program include using namespace std int main const i......
Q:
What is the significance of AlexNet? Draw and describe its architecture.
A:
AlexNet is a significant milestone in the field of deep learning and computer vision It was developed by Alex Krizhevsky Ilya Sutskever and Geoffrey Hinton and won the ImageNet Large Scale Visual Reco......
Q:
Which strategy is better: more hidden layers versus more neurons?
A:
The choice between using more hidden layers or more neurons also referred to as units or neurons per layer in a neural network depends on the specific problem you are trying to solve the available dat......
Q:
Numerical integration breadbox is made to move along an x axis from x = 0.15 m to x = 1.20 m by a force with a magnitude given by F = exp ( 2x2), with x in meters and F in Newtons. (Here exp is the...
A:
The problem indicates that SI units are understood so the result o......
Q:
What is the price of a European put option on a non-dividend-paying stock when the stock price is $110.38, the strike price is $153.38, the risk-free interest rate is 5.83% per annum, the volatility...
A:
To calculate the price of a European put option on a non dividend paying stock you can use the Black......
Q:
Thinking within the context of a fragmented media, answer the following questions: B) Do you feel that media's targeting of specific groups for specific content has had adverse effects or our...
A:
B The targeting of specific groups for content within a fragmented media landscape can have both adverse and positive effects on society Adverse Effec......
Q:
A construction site requires the use of a loader, a truck and a crane. Further, there is room for only one of these machines to operate at the site at each time and the other two machines will be...
A:
The six variations of employing the machinery are T L C Truck first then Loader then Crane T C L Tru......
Q:
Build a 'War' card game simulator. We will run the simulation with various numbers of cards and decks of cards to see how many turns a game takes on average ( each starting deck size run 100 times or...
A:
To simulate a War card game you can use Python Here s a simplified version of the game simulation import random import matplotlib pyplot as plt def in......
Q:
For the years ending 2013 and 2014, construct a statement of cash flows. How does this statement highlight the operating results and financing decisions of Blue Ridge? 2. For the years ending 2013...
A:
To construct a statement of cash flows for the years ending 2013 and 2014 for Blue Ridge we will use......
Q:
Using EES (or other) software, investigate the effect of the inlet area on the mass flow rate, exit temperature, and the exit area. Let the inlet area vary from 50 cm2 to 150 cm2. Plot the final...
A:
EES Problem 5 30 is reconsidered The effect of the inlet area on the mass flow rate exit velocity an......
Introductory Econometrics For Finance 3rd Edition - ISBN: 1107661455 - Free Book