## Good Vibes Products manufactures external drives for computers. The company has two production… 1 answer below »

Good Vibes Products manufactures external drives for computers. The company has two production departments. Overhead in Department 1 is allocated based on 10,000 machine hours and overhead in Department 2 is allocated based on 6,000 direct labour hours. The budgeted manufacturing overhead for July, 2011, was \$58,000 and \$54,000 for Departments 1 and 2, respectively. During July, the company completed a number of jobs, one of which (Job 110) incurred the following costs: Department I Department 2 Direct materials used \$12,500 \$ 5,100 Direct manufacturing labour 15,000 35,500 Indirect manufacturing labour 800 2,600 Equipment depreciation 2,900 1,500 Utilities 1,450 950 Job 110 incurred 800 machine hours in Department 1 and 1,000 labour hours in Department 2. The company uses a budgeted department overhead rate in allocating overhead to jobs. 1. What is the budgeted manufacturing overhead rate for Department 1? 2. What is the budgeted manufacturing overhead rate for Department 2? 3. What is the total cost of Job 110 using allocated overhead rates? 4. What is the over- or underallocated overhead for Job 110? 5. Explain why Good Vibes uses different overhead bases for Departments 1 and 2.

## High-Tech (H-T) is a computer manufacturer that historically operates in several sites for more… 1 answer below »

High-Tech Company in Raleigh North Carolina
High-Tech (H-T) is a computer manufacturer that historically operates in several sites for more than a century. Each production location (Raleigh and Essonnes) is managed separately and within each location there is decentralization of functions. The cost accountants focus solely on budgeting, recording and analyzing costs. H-T’s organization chart and its financial statements– income statement and balance sheet-appear below.

## A particle with charge +q is surrounded

A particle with charge +q is surrounded by a spherical Gaussian surface. For each of the following changes to the system, indicate whether the flux through the Gaussian surface:A. stays the sameB. flips signC. doublesD. is cut in halfE. becomes zeroEach of the changes to the system is made from the original configuration, so #1 or #2 happens, not both. Indicate what happens to the flux when:1. q becomes 2q2. the volume of the spherical Gaussian surface is doubled3. the spherical surface is changed to a cubic surface4. the charged particle is moved outside the spherical surface5. q becomes -q

## Consider a three-factor APT model. The factors and associated risk premiums

Consider a three-factor APT model. The factors and associated risk premiums are:FactorRisk Premium (%)Change in GNP+6.9Change in energy pricesâ1.2Change in long-term interest rates+3.6Calculate expected rates of return on the following stocks. The risk-free interest rate is 4.1%.a. A stock whose return is uncorrelated with all three factors. (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)Expected rate of return %b. A stock with average exposure to each factor (i.e., with b = 1 for each). (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)Expected rate of return %c. A pure-play energy stock with high exposure to the energy factor (b = 2.2) but zero exposure to the other two factors. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)Expected rate of return %d. An aluminum company stock with average sensitivity to changes in interest rates and GNP, but negative exposure of b = â1.5 to the energy factor. (The aluminum company is energy-intensive and suffers when energy prices rise.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)Expected rate of return %

## ABC Company employs a periodic inventory system

ABC Company employs a periodic inventory system and sells its inventory to customers for \$25 perunit. ABC Company had the following inventory information available for the month of May:May 1 Beginning inventory 2,000 units @ \$10 cost per unitMay 8 Sold 1,200 unitsMay 13 Purchased 1,000 units @ \$12 cost per unitMay 18 Sold 1,000 unitsMay 21 Purchased 1,000 units @ \$15 cost per unitMay 28 Sold 700 unitsMay 30 Purchased 1,000 units @ \$19 cost per unitDuring May, ABC Company reported operating expenses of \$5,000 and had an income tax rate of 30%.Calculate the dollar amount of ending inventory shown on ABC Company’s May 31 balance sheet usingthe FIFO method. Do not use decimals in your answer.

## Sources of workplace stress for women include a. being quickly promoted to management positions. b..

Sources of workplace stress for women include a. being quickly promoted to management positions. b. on-the-job injuries. c. balancing family and work demands. d. conflicts with co-workers.

## Mr. and Mrs. Sam Morris retired on February 10, 2013

Comprehensive Problem (Tax Return Problem). Mr. and Mrs. Sam Morris retiredon February 10, 2013, and call you in for tax advice. Both Sam and his wife Sarahhave worked for many years and are both 65 years of age.Facts:Dependent child: Age 21Social Security Benefits\$9,900Salaries:Sam (January 1âFebruary 10)7,000Sarah (January 1âFebruary 10)5,500Interest Income:Port Authority of N.Y. Bonds300Interest from Bank Deposits1,400Corporate Bonds900Highway Bonds of Ohio100Dividend Income:Microsoft Common Stock4,000General Electric Common Stock2,000AGA Ltd. of England1,000Net Rental Income4,000One of their tenants moved out on July 14, 2013, and Sam determines that they haddamaged the stove, and therefore returned only \$50 of their \$150 security deposit.The Morrisesâ daughter borrowed \$10,000 two years ago to purchase a newautomobile. She has made payments to her parents and on September 1, 2013, only\$2,500 was still outstanding on the loan. On their daughterâs birthday, they told hershe no longer had to make payments.Sam was Vice President of a very large corporation. As part of his fringe benefitpackage, the corporation purchased for him \$50,000 of group-term life insurance. Thecorporation continues to pay for his life insurance even after retirement.The Morrisesâ three children gave their parents a gala retirement party. Manyfriends and relatives were invited. Gifts valued at over \$1,000 were received by thecouple.In October, Mrs. Morris entered a contest being run by a local bank. She submitteddrawings for a bank logo. Her drawing was selected and she received \$500.Many years ago, Sam purchased an annuity policy for \$9,000. Starting on March 3,2013, he began receiving lifelong monthly payments of \$60.The Morrisesâ 21-year-old daughter is in college. She worked during the summerand earned \$2,500. Interest on her savings accounts amounted to \$500. Her parentspaid for the college tuition of \$4,000.The Morrises have itemized deductions of \$14,000.Determine the Morrisesâ taxable income for 2013.

## On April 1, 2009 Green Company received

On April 1, 2009 Green Company received an advance payment of \$60,000 from a customer. The payment was for five months of services Green would perform for the customer at the rate of \$12,000 per month. Green started providing the service on April 1, 2009. On April 1, 2009 Green made an entry in its accounting systemdebiting Cash for \$60,000andcrediting Unearned Service Revenue for \$60,000. This is the only entry that has been made related to this transaction. Select the adjusting entry Green should make prior to preparing financial statements onApril 30, 2009.