Jones Company manufactures custom doors. When job 186 (a batch of 14 custom doors) was being processed in the machining department, one of the wood panels on a door split. This problem occurs periodically and is considered normal spoilage. Direct materials and labour for the door, to the point of spoilage, were $35. In addition, a storm caused a surge in electricity, and a routing machine punctured the wood for job 238. This incident occurred at the beginning of production, so spoilage amounted to only the cost of wood, at $200. Required (a) Prepare the journal entries for normal and abnormal spoilage. (b) Now suppose that the wood from abnormal spoilage can be sold for $25. Record the journal entries for the disposal value. (c) Jones Company is considering hiring someone to inspect all wood after it arrives at the plant, but prior to production. Discuss the pros and cons of hiring an inspector.
> Approximate the following integrals by the midpoint rule, the trapezoidal rule, and Simpson’s rule. Then, find the exact value by integration. Express your answers to five decimal places. ∫0 2 2x ex2 dx; n = 4 18.
> Approximate the following integrals by the midpoint rule, the trapezoidal rule, and Simpson’s rule. Then, find the exact value by integration. Express your answers to five decimal places. ∫10 20 ln x / x dx; n = 5
> Approximate the following integrals by the midpoint rule, the trapezoidal rule, and Simpson’s rule. Then, find the exact value by integration. Express your answers to five decimal places. ∫1 4 (2x - 3)3 dx; n = 3
> Approximate the following integrals by the trapezoidal rule; then, find the exact value by integration. Express your answers to five decimal places. ∫- 1 e2x dx; n = 2, 4
> Approximate the following integrals by the trapezoidal rule; then, find the exact value by integration. Express your answers to five decimal places. ∫1 5 1/x2 dx; n = 3
> Determine the integrals by making appropriate substitutions. ∫ ln(2x)/x dx
> Approximate the following integrals by the trapezoidal rule; then, find the exact value by integration. Express your answers to five decimal places. ∫4 9 1 / (x – 3) dx; n = 5
> Approximate the following integrals by the trapezoidal rule; then, find the exact value by integration. Express your answers to five decimal places. ∫0 1 (x – ½)2 dx; n = 4
> Approximate the following integrals by the midpoint rule; then, find the exact value by integration. Express your answers to five decimal places. ∫1 2 1/(x + 1) dx; n = 5
> Approximate the following integrals by the midpoint rule; then, find the exact value by integration. Express your answers to five decimal places. ∫0 1 e-x dx; n = 5
> Approximate the following integrals by the midpoint rule; then, find the exact value by integration. Express your answers to five decimal places. ∫1 5 (x - 1)2 dx; n = 2, 4
> Approximate the following integrals by the midpoint rule; then, find the exact value by integration. Express your answers to five decimal places. ∫0 4 (x2 + 5) dx; n = 2, 4
> Refer to the graph in Fig. 11. Apply the trapezoidal rule with n = 4 to estimate the area under the curve. Figure 11: 50 40 30 20 10 01 2 3 4 5 6 7 8 x
> Refer to the graph in Fig. 11. Draw the rectangles that approximate the area under the curve from 0 to 8 when using the midpoint rule with n = 4. Figure 11: 50 40 30 20 10 01 2 3 4 5 6 7 8 x
> Divide the interval into n subintervals and list the value of x and the midpoints x1, .… , xn of the subintervals. -1 ≤ x ≤ 1; n = 4 0 ≤ x ≤ 3; n = 6
> Divide the interval into n subintervals and list the value of x and the midpoints x1, .… , xn of the subintervals. -1 ≤ x ≤ 1; n = 4
> Determine the integrals by making appropriate substitutions. ∫ e√x /√x dx
> Evaluate the following definite integrals. ∫0 24x (1 + x2)3 dx
> Evaluate the following definite integrals. ∫2 6 1/ √(4x + 1) dx
> Evaluate the following definite integrals. ∫5/2 3 2(2x - 5)14 dx
> Find the are of the shaded region. y=x√√√4x² -2 y 2 X
> Find the area of the shaded regions. -3 y=x√√9-x² 3 x
> Use substitutions and the fact that a circle of radius r has area πr2 to evaluate the following integrals. ∫-6 0√ (-x2 - 6x) dx
> Use substitutions and the fact that a circle of radius r has area πr2 to evaluate the following integrals. ∫0 √2 √ (4 - x4) * 2x dx
> Use substitutions and the fact that a circle of radius r has area πr2 to evaluate the following integrals. ∫-π/2 π/2 √(1 - sin2 x) cos x dx
> Evaluate the following definite integrals. ∫0 π/2 sin(2x – π/2) dx
> Evaluate the following definite integrals. ∫0 1 x sin πx dx
> Determine the integrals by making appropriate substitutions. ∫ xex2 dx
> Evaluate the following definite integrals. ∫0 π/4 tan x dx
> Evaluate the following definite integrals. ∫0 π esin x cos x dx
> Evaluate the following definite integrals. ∫1 e ln x dx
> Evaluate the following definite integrals. ∫1 e ln x / x dx
> Evaluate the following definite integrals. ∫-1 12xex dx
> Evaluate the following definite integrals. ∫1 3 x2ex3 dx
> Evaluate the following definite integrals. ∫0 4 8x (x + 4)-3 dx
> Evaluate the following definite integrals. ∫0 1 x / (x2 + 3) dx
> Evaluate the following definite integrals. ∫0 1 (2x - 1) (x2 - x)10 dx
> Evaluate the following definite integrals. ∫-1 2 (x2 – 1) (x3 - 3x)4 dx
> Determine the integrals by making appropriate substitutions. ∫ (x3 - 6x)7 (x2 - 2) dx
> Determine the integrals by making appropriate substitutions. ∫ 2x(x2 + 4)5 dx
> Maria and Tracey became good friends while working at the same entity. Two years ago, they both decided to increase their savings so that they could eventually purchase homes. Each began by putting a portion of each month’s salary into a savings account.
> Budget Cupboards produces kitchen and bathroom cupboards that incorporate unusual functions, such as specialty drawers for knives and kitchen tools, and kitchen appliance holders that pop up from under the counter top. Competition in this industry has re
> Humphrey Manufacturing produces car parts and batteries. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the month of April: Requ
> Refer to the information presented in Exercise 8.17 Required Prepare a process cost report under the FIFO method for December. Exercise 8.17: Fox and Sons is a toy maker and produces Flying Flingbats, a soft foam rubber boomerang. All direct materials
> Refer to the information presented in Exercise 8.17 Required Using the FIFO method, prepare a schedule calculating the cost per equivalent unit for April. Exercise 8.17: Fox and Sons is a toy maker and produces Flying Flingbats, a soft foam rubber boom
> Refer to the information presented in Exercise 8.17. Required Prepare a process cost report under the weighted average method for December. Exercise 8.17: Fox and Sons is a toy maker and produces Flying Flingbats, a soft foam rubber boomerang. All dire
> Fox and Sons is a toy maker and produces Flying Flingbats, a soft foam rubber boomerang. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. Conversion was 75 per cent complete fo
> Fine Fans mass-produces small electric fans in Hawley Beach for home use. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the month
> Francisco’s mass-produces folding chairs in Port Sorrell. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the mon
> Identify two key influences on the nature of a management accounting system.
> At the beginning of the accounting period, the accountant for ABC Industries estimated that total overhead would be $80 000. Overhead is allocated to jobs on the basis of direct labour cost. Direct labour was budgeted to cost $200 000 this period. During
> The Futons for You Company sells batches of custom-made futons to customers and uses predetermined rates for fixed overhead, based on machine hours. The following data are available for last year: Required (a) Calculate the estimated overhead allocatio
> Vern’s Van Service customises light trucks according to customers’ orders. This month the entity worked on five jobs, numbered 207 to 211. Materials requisitions for the month were as follows: An analysis of the payr
> Rebecca Ltd is a manufacturer of machines made to customer specifications. All production costs are accumulated by means of a job order costing system. The following information is available at the beginning of the month of October. A review of the job
> Langley uses a job costing system. At the beginning of the month of June, two orders were in process as follows: There was no inventory in finished goods on 1 June. During June, orders numbered 106 to 120 were put into process. Direct materials require
> Jasper Company uses a job costing system. Overhead is allocated based on 120 per cent of direct labour cost. Last month’s transactions in the work in process account are shown here: Only one job, number 850, was still in process at th
> Job 87M had direct material costs of $400 and a total cost of $2100. Overhead is allocated at the rate of 75 per cent of prime cost (direct material and direct labour). Required (a) How much direct labour was used? (b) How much overhead was allocated?
> Franklin Fabrication produces custom-made security doors and gates. Currently two jobs are in process, 359 and 360. During production of Job 359, the supervisor was on holidays and the employees made several errors in cutting the metal pieces for the two
> Shane’s Shovels produces small, custom earth-moving equipment for landscaping companies. Manufacturing overhead is allocated to work in process using an estimated overhead rate. During April, transactions for Shane’s S
> One Glass Brewery estimates the following activity for the coming year: At the end of the financial period the following information was collected: Required (a) What was the predetermined manufacturing overhead rate calculated at the beginning of t
> Outline the meaning of structural cost drivers.
> A college student, Brad Worth, plans to sell atomic alarm clocks with CD players over the internet and by mail order to help pay his expenses during the summer semester. He buys the clocks for $32 and sells them for $50. If payment by check accompanies t
> Play Time Toys is organised into two major divisions: marketing and production. The production division is further divided into three departments: puzzles, dolls and video games. Each production department has its own manager. The entityâ€
> Maryborough Manufacturing has projected sales in units for four months of operations as follows: The product sells for $18 per unit. Twenty-five per cent of the customers are expected to pay in the month of sale and take a 3 per cent discount; 70 per c
> The Zel Company operates at local flea markets. It has budgeted the following sales for the indicated months. Zel’s success in this specialty market is due in large part to the extension of credit terms and the budgeting techniques im
> Ken Martin, manager of Lonnie Car Repairers, has requested that you prepare a cash budget for the months of December and January. He has provided the following information to assist in this task. * Projected cash balance at the end of November is $30 000
> Organic Industries intends to start business on the first of January. Production plans for the first four months of operations are as follows: Each unit requires 2 kilograms of material. The entity would like to end each month with enough raw material
> Data for the Stove Division of Appliances Now, which produces and sells a complete line of kitchen stoves, are as follows. The budget, set at the beginning of the year, was based upon estimates of sales and costs. Administrative expenses include charge
> Bullen & Company makes and sells upmarket carry bags for laptop computers. John Crane, controller, is responsible for preparing Bullen’s master budget and has assembled the following data for next year. The direct labour rate includ
> Seer Manufacturing has projected sales of its product for the next six months as follows: The product sells for $100, variable expenses are $70 per unit, and fixed expenses are $1500 per month. The finished product requires 3 units of raw material and
> Suppose a friend asks you to help her prepare a budget for the next semester. Required (a) Assuming you followed a process similar to that presented in this chapter, which budgets would you help her prepare? Explain your choices. (b) Create a list of in
> In your own words, explain the path to higher-quality decisions.
> The Organic Corn Company processes and distributes corn packed in 500-gram plastic bags that are sold to supermarkets for 50 cents each in boxes of 100 bags. The most recent income statement and key financial metrics of the Organic Corn Company are provi
> Continuing from exercise 5.23, the financial controller of Data Processors recently attended an accounting conference, which discussed the benefits of adopting kaizen budgeting within an activity-based budget. After meeting with operational managers at D
> Data Processors provides credit card services for the banking industry. It is preparing its budget for 2020, and, as it has been using activity-based costing, it intends to develop an activity-based budget for 2020. The table below provides the actual co
> The manager of the HR department of Nancy Accountants has been asked to prepare her annual budget on a zero-basis. Required Outline why this request for a zero-based budget may have been made.
> Discuss how a hospital could use activity-based budgeting to assist with planning for the coming year.
> Trinity Records is a company that finds and signs a new artist, develops a marketing strategy, records the music, and distributes the music to retailers. Data for the CD division of Trinity Records, which distributes CDs to large retailers, are shown bel
> Ange Pala, the chief financial officer of a national tourist company, has become increasingly dissatisfied with the current budget process in the organisation. Much of her dissatisfaction relates to the amount of time and resources consumed in the budget
> At a recent management meeting looking at the entity’s achievements against its strategic objectives, an operational manager was heard making the following comment: ‘I look after operations on a day-to-day basis. I have the operational budget for the com
> Stevan Donald, the marketing manager for Organic Brewing Company, has projected a 20 per cent increase in sales of hop beers next year. Required Comment on how this increase in sales will impact on profit, assets and cash flow.
> Jordy is the CEO of a scaffolding construction company. He is about to begin preparing the budget for the coming financial year for the entire organisation. Last year he was disappointed with the animosity he received from his divisional managers. They w
> What is a cost object?
> Janna Processing is a single-product entity, and provides the summary data shown relating to its product for 2016. Required (a)Calculate the breakeven in units and sales dollars for 2016. (b) Calculate the profit earned in 2016. (c) Janna Processing is
> Laraby Company produces a single product. It sold 25 000 units last year with the following results. In an attempt to improve its product, Laraby’s managers are considering replacing a component part that costs $2.50 with
> Madden Company projected its income before taxes for next year as shown here. Madden is subject to a 40 per cent income tax rate. Required (a) What is Madden’s breakeven point in units sold for the next year? (b) If Madden wants $4.5
> Data for the most recent three months of operations for the RainBeau Salon are as follows. A cost-of-living salary increase occurred at the beginning of May. Required (a) What is the total cost function for RainBeau Salon? (b) If the average fee per a
> The Martell Company has recently established operations in a competitive market. Management has been aggressive in its attempt to establish a market share. The price of the product was set at $5 per unit, well below that of the company’s major competitor
> Annalise Industries has provided the following information with respect to its current year’s activities: Required (a) Calculate the break-even point in total units and units per product based on the above data. (b) Calculate the pro
> Chloe Enterprises operates a single-product entity. Data relating to the product for 2016 were as follows: Required a. Calculate the break-even units for 2016. b. Calculate the profit achieved in 2016. c. Changes in marketing strategy are planned for 2
> Information for Melong Industries is provided below. Required (a) Calculate the number of units that need to be sold in 2016 to reach the after-tax profit target. (b) If the sales units in 2016 should be 25 per cent less than required to meet the afte
> Pamcar Industries sell IT equipment, specialising in printers and faxes. The following statement reflects the contribution margin of each activity, and overall profit levels: Required (a) Calculate the contribution margin ratios for each of the two area
> Ryans Music provides individual music lessons in the homes of clients. The following data is provided with respect to the last 12 months of activity ending 30 June 2016: Each unit is equal to one half-hour lesson. Required (a) Assuming selling prices
> Explain relevant information in a decision-making context.
> The Internet provides many resources to help small business owners successfully manage their businesses. These resources include information about common techniques used for planning and managing operations. Required (a) Why are small business owners of
> (a) The average cost per unit was $234 at a volume of 1200 units and $205 at a volume of 1400 units. The profit was $24 000 at the lower volume. Estimate the variable cost per unit. (b) Sparkle Car Wash Supplier sells a hose washer for $0.25 that it buys
> (a) Create a CVP graph using the information in exercise 4.16, part (a). Explain the information in the graph. (b) Create a CVP graph using the information in exercise 4.16, part (b). Explain the information in the graph.
> (a) The variable cost per gift basket is $2, fixed costs are $5000 per month, and the selling price of a basket is $7. How many baskets must be produced and sold in a month to earn a pre-tax profit of $1000? (b) The Community Clinic (a not-for-profit med
> Find the missing figure for each of the following independent cases:
> Find the missing figures for each of the following independent cases.
