Question : 41) What amount of conversion costs assigned to ending work-in-process for : 1196128

Accounting

41)

What amount of conversion costs are assigned to ending work-in-process for June? 41)

______ A)

$188,148.00 B)

$141,111.00 C)

$126,450.50 D)

$215,940.00 E)

$101,956.64

42)

Carnival Furniture had 60,000 foam cushions in process at May 1 (70% converted) and 40,000 cushions in process at May 31 (50% converted). All direct materials are added at the beginning of the production process. During the month, 140,000 cushions were transferred to finished goods.

What is the equivalent units for materials costs for May using the weighted average method? 42)

______ A)

140,000 cushions B)

160,000 cushions C)

118,000 cushions D)

123,000 cushions E)

180,000 cushions

43)

What is the equivalent units for conversion costs for May using the weighted average method? 43)

______ A)

140,000 cushions B)

160,000 cushions C)

180,000 cushions D)

123,000 cushions E)

118,000 cushions

44)

Hard Plastics Company manufactures plastic molding for automobiles. Its costing system utilizes two cost categories; direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.

Data for the Assembly Department for March 20×1 are:

Work in process, beginning inventory, 40% converted400 units

Units started during March1,200 units

Work in process, ending inventory 200 units

Costs for the Assembly Department for March 20×1 are:

Work in process, beginning inventory:

Direct materials$

200,000

Conversion costs$

200,000

Direct materials costs added during March$2,000,000

Conversion costs added during March

$2,500,000

Which of the following journal entries correctly reflects the transfer of goods completed from the Assembly Department to the Testing Department? 44)

______ A)

Finished Goods – TestingXXX

Work-in-process – AssemblyXXX B)

Work in Process – AssemblyXXX

Finished Goods – TestingXXX C)

Finished Goods – TestingXXX

Work-in-process -TestingXXX D)

Work in Process – AssemblyXXX

Work-in-process – TestingXXX E)

Work in Process – TestingXXX

Work-in-process – AssemblyXXX

45)

How many cushions were started during May? 45)

______ A)

180,000 cushions B)

140,000 cushions C)

120,000 cushions D)

60,000 cushions E)

223,000 cushions

46)

The first-in, first-out method computes unit costs by 46)

______ A)

adding opening inventory units to work-in-process units and dividing by total cost B)

dividing total units by units completed this period. C)

confining equivalent units to the work completed during the current period only. D)

separately identifying the conversion costs of beginning and ending inventories. E)

the standard-costing method.

47)

Hollywood North Magic, a cosmetic manufacturer, began operations in January 20×1. During the first month of operations, $60,000 was incurred for direct materials and $80,000 was incurred for conversion costs. During January, 30,000 litres of cosmetics were started and 6,000 litres were unfinished at the end of the month. Ending work-in-process was 45% completed. All inputs are added evenly throughout the production process.

Calculate the equivalent units for conversion costs in January using the FIFO method. 47)

______ A)

30,000 litres B)

39,000 litres C)

36,000 litres D)

24,000 litres E)

26,700 litres

48)

What is the materials cost per unit in January using the FIFO method? 48)

______ A)

$2.50 B)

$2.00 C)

$2.25 D)

$1.75 E)

$2.20

49)

Which of the following items is NOT a component of “total costs to be accounted for in a given department’s operations?” 49)

______ A)

transferred-out costs to the next department B)

the cost of materials requisitioned and used by the given department C)

conversion costs D)

direct manufacturing labour used in the given department E)

transferred-in costs from the prior processing department

50)

Bag Company had a beginning inventory of 4,000 bags with costs of $18,000 on January 1. The direct materials were complete and all overhead had been assigned; however, only 40 percent of direct manufacturing labour was added in the prior period. Another 20,000 units were started and completed during the current period. Unit costs are as follows: materials, $8.00; labour, $9.00; and overhead, $5.00.

What is the total cost of goods transferred out using the FIFO method? 50)

______ A)

$519,500 B)

$479,600 C)

$491,600 D)

$440,000 E)

$472,400

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July 1, 2023

Write a sample cover letter that highlights why you would be ideal for a marketing position at a Company of your pick in Florida . In the cover letter, you need to mention the position and discuss the tasks that would be required of you in that position. You can address the cover letter to either a real or fabricated person/organization. Do not address it to “To Whom It May Concern” or “Dear Sir/Madam” or anything else-generic.

Cover Letter Content: • Includes your contact information, date, salutation/greeting (with hiring manager’s full name, title, company, address), body, closing, signature - i.e., major components of a cover letter. • Components are organized logically and overall the letter is attractive. • Letter is concise. • Audience is clear; addressed to real or fabricated person/organization. • Identifies specific position and why you would be ideal for it. Discusses tasks required for that position and knowledge of potential employer. • Discusses your relevant skills, experience, etc. that will make you ideal for the position. • Includes request for interview or meeting with specific manner of follow-up/reverse call to action, note of appreciation, and mentions resume in closing.

BELLOW IS A PART OF MY RESUME TO HELP WRITE THE COVER LETTER.

Summary

Motivated sales driven rental manager focused on attaining a motivated and competitive work environment along with dynamic operating conditions. Customer service oriented and methodical with strengths in accounts maintenance.

Skills

· Key accounts and territory management

· Capital improvement planning

· Systems and automation applications

· Brand management

Experience

Enterprise Holdings | Miami, FL

Assistant Branch Rental Manager

11/2019 – 11/2020

· Remained calm and professional in stressful circumstances and when dealing with unhappy customers, effectively diffusing situations.

· Met with each associate to establish realistic monthly sales goals.

· Strengthened product branding initiatives and coordinated effective marketing campaigns.

· Reviewed employee performance every week and delivered constructive feedback to improve weaknesses.

· Upheld internal standards and productivity goals to meet sales and growth targets.

· Identified growth areas requiring immediate improvement and rolled out marketing program, boosting branch's fleet 16%.

· Executed non-negotiable strategies to foster better customer service and promote positive and engaging environment for all.

· Drove profit increases by leveraging market knowledge and natural leadership talents.

Enterprise Holdings | Miami, FL

Management Trainee

05/2019 - 11/2019

· Ranked 1st place on the sales performance ranking for 4 consecutive months with a total additional revenue of $160,000.

· Achieved a 4-month Customer Service score of 87%, 3 points above corporate average.

· Ran daily sales reports to assess performance and make proactive adjustments.

Equinox | Miami, FL

Sales Associate

10/2017 - 06/2018

· Arranged special accommodations for guests to maintain optimal satisfaction

· Managed all front desk operations for busy high-volume Health Club.

· Confirmed transactional data by verifying name and payment information and clearly communicating costs and fees to patrons.

· Participated Management Assistance, handling member's accounts and payments.

· Supported Membership Advising participating in more than 100 memberships sold.