Question : 139. The estimated total factory overhead cost and total machine hours : 1233784

Accounting

139. The estimated total factory overhead cost and total machine hours for Department 40 for the current year are $225,000 and 56,250 respectively. During January, the first month of the current year, actual machine hours used totaled 5,100 and factory overhead cost incurred totaled $19,800.

(a)

Determine the factory overhead rate based on machine hours.

(b)

Present the entry to apply factory overhead to production in Department 40 for January.

(c)

What is the balance of Factory Overhead – Department 40 at January 31?

(d)

Does the balance of Factory Overhead – Department 40 at January 31 represent overapplied or underapplied factory overhead?

140. A firm produces its products by a continuous process involving three production departments, 1 through 3. Present entries to record the following selected transactions related to production during August:

(a)

Materials purchased on account, $130,000.

(b)

Material requisitioned for use in Department 1, $125,700, of which $124,200 entered directly into the product.

(c)

Labor cost incurred in Department 1, $195,400, of which $174,000 was used directly in the manufacture of the product.

(d)

Factory overhead costs for Department 1 incurred on account, $52,700.

(e)

Depreciation on machinery in Department 1, $29,200.

(f)

Expiration of prepaid insurance chargeable to Department 1, $7,000.

(g)

Factory overhead applied to production, $105,300.

(h)

Output of Department 1 transferred to Department 2, $362,700.

141. Easy-Flow Paints produces mixer base paint through a two stage process, Mixing and Packaging. The following events depict the movement of value into and out of production. Journalize each event if appropriate, if not, provide a short narrative reason as to why you choose not to journalize that action.Keith, the Production Manager, accepts an order to continue processing the current run of mixer base paint.

(a)

$27,000.00 worth of materials are withdrawn from Raw Materials inventory. Of this amount, $25,500.00 will be issued to the Mixing Department and the balance will be issued to the Maintenance Department to be used on production line machines.

(b)

Keith calculates that labor for the period is $12,500.00. Of this value all but $1,750.00 is directly associated with mixing. The balance is maintenance and indirect labor.

(c)

Keith, who is paid a salary but earns about $35.00 / hour, spends 1 hour inspecting the production line.

(d)

The manufacturing overhead drivers for Mixing are (1) hours of mixer time at $575.00 per hour, and material movements from Raw Materials at $125.00 per movement. An inspection of the machine timers reveals that a total of 8 hours has been consumed in making this product. An inspection of “Stocking Orders” indicates that only one material movement was utilized to “load” the raw materials. (Note: All values have been journalized to Mfg Overhead, you need only apply it to the production run.)

(e)

Within Easy-Flo items are transferred between departments at a standard cost or value. This production run has created 4,015 gallons of mixer base paint. This paint is transferred to Packaging at a standard cost of $10.05 per gallon.

(f)

Packaging draws $755.00 in raw materials for packaging of this production run.

(g)

Packaging documents that 12 hours of direct labor at $10.25 per hour were consumed in the packaging of this production run.

(h)

Packaging uses a driver of direct labor hours to allocate manufacturing overhead at the rate of $25.00 per hour.

(i)

Packaging transfers these 1,005 gallons of packaged goods to Finished Goods Inventory at a standard cost of $10.25 per gallon.

142. Chang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Present entries to record the following selected transactions related to production during June:

(a)

Materials purchased on account, $225,000.

(b)

Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials.

(c)

Direct labor used by Machining, $23,000, Assembly, $47,000.

(d)

Depreciation expenses: Machining, $2,000; Assembly, $8,000.

(e)

Factory overhead applied: Machining, $9,700; Assembly, $11,300.

(f)

Machining Department transferred $98,300 to Assembly Department; Assembly Department transferred $83,400 to finished goods.

(g)

Cost of goods sold, $72,000.

143. The inventory at June 1 and costs charged to Work in Process – Department 60 during June are as follows:

3,800 units, 80% completed ($25,000 Materials, $35,400 conversion)

$ 60,400

Direct materials, 32,000 units

368,000

Direct labor

244,000

Factory overhead

188,000

Total cost to be accounted for

$860,400

During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 40% completed. Inventories are costed by the average cost method and all materials are added at the beginning of the process.Determine the following, presenting your computations:

(a)

equivalent units of production for conversion cost

(b)

conversion cost per equivalent unit and material cost per equivalent unit.

(c)

total and unit cost of finished goods completed in the current period

(d)

total cost of work in process inventory at June 30

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July 1, 2023

1. Discuss the behavioral genetics of individual differences, being sure to focus on common misunderstandings about heritability estimates.
2 Two brain structures have been most frequently linked to human emotion. Which are they? Describe research that has implicated each in human emotion.
3. Explain color constancy. What important points does it make about the mechanisms of color vision? Describe a theory of color vision that can explain color constancy, focusing on the evidence that led to the theory.
4. Compare set-point and positive-incentive theories of hunger and eating. Compare their ability to predict two major research findings.
5.Describe and discuss sexual dimorphisms of the mammalian brain. How do they develop? Include cyclic gonadotropin release, the sexually dimorphic nucleus, and the aromatization hypothesis in your answer.

6.What distinguishes biopsychology from the other subdisciplines of neuroscience?

A.its focus on the study of behavior
B.its focus on animal subjects
C.its focus on psychiatric disorders
D.its focus on psychoactive drugs

7.Structure of the nervous system is to function of the nervous system as
A.biopsychology is to psychology.
B.neuroanatomy is to neurophysiology.
C.neuropathology is to clinical psychology.
D.neuroscience is to biopsychology

8.In the study of heritability estimates, increasing the genetic diversity of the subjects without introducing other changes would likely
A.decrease the heritability estimate.
B.confound the experiment.
C.increase the accuracy of the heritability estimate.
D.increase the heritability estimate.

9.The sensitive period for the development of a particular trait is the period
A.of chronic pain.
B.of sexual receptivity.
C.of fertility.
D.during which a particular experience must occur to have a major effect on the development of the trait.

Deterioration of the pathway from the substantia nigra to the striatum is often found in cases of
A.Korsakoff's syndrome.
B.Parkinson's disease.
C.autism.
D.Alzheimer’s disease.

Which of the following are multipolar cortical neurons with long axons, apical dendrites, and triangular cell bodies?
A.stellate cells
B.chandelier cells
C.pyramidal cells
D.granule cells

Many self-stimulation sites
A.contain serotonergic neurons.
B.are part of the mesotelencephalic dopamine system.
C.are adrenergic.
D.are glutaminergic

Which of the following drugs produces Buerger's disease?
A.tobacco
B.morphine
C.marijuana
D.cocaine

Darwin believed that
A.expressions of emotion evolve from behaviors that indicate what an animal is likely to do next.
B.expressions of emotion evolve in ways that enhance their communicative function and that their original function may be lost.
C.opposite messages are often signaled by opposite movements and postures.
D.all of the above

The pattern of behavior that is observed in monkeys after their anterior temporal lobes have been removed is called
A.sham rage.
B.the Kluver-Bucy syndrome.
C.hippocampal rage.
D.septal rage.

Many studies have found structural and functional brain pathology in patients suffering from affective disorders. Although there is little consensus about the exact location of the brain pathology, it is most commonly observed in three structures. These structures include the
A.amygdala and medial prefrontal cortex.
B.hippocampus and medial prefrontal cortex.
C.amygdala and hippocampus.
D.all of the above

Clinical depression and anxiety are comorbid disorders, which means that they
A.both increase the likelihood of suicide.
B.both increase susceptibility to terminal illness.
C.have the same effect on neurochemicals.
D.tend to occur together in the same individuals.

A.T. is a woman with selective damage to her dorsal visual stream. She has
A.little difficulty making accurate movements under visual control.
B.substantial difficulty making accurate movements under visual control.
C.substantial difficulty consciously recognizing objects.
D.lost all ability to respond to moving images.

In general, information in the primary visual cortex is thought to flow from __________ to __________ to __________.
A.lower layer IV; simple cells; complex cells
B.lower layer IV; complex cells; simple cells
C.simple cells; lower layer IV; complex cells
D.simple cells; complex cells; lower layer IV

In the classic transection experiments of Lawrence and Kuypers, monkeys with all their dorsolateral motor pathways transected sat with their arms hanging limply by their sides. However, these same monkeys had no difficulty
A.picking up pieces of food and then releasing them.
B.using their arms for standing, walking, and climbing.
C.reaching for moving objects.
D.moving their fingers independently.

According to current theory, the sensorimotor system
A.is largely ballistic.
B.is largely, if not entirely, ipsilateral.
C.comprises a hierarchy of central sensorimotor programs.
D.all of the above

The three phases of energy metabolism are, in sequence,
A.eat, fast, and absorb.
B.absorptive, cephalic, and fasting.
C.cephalic, absorptive, and fasting.
D.fasting, absorptive, and cephalic.

Set-point theories of hunger and eating are inconsistent with
A.eating-related evolutionary pressures as we understand them.
B.the major effects on eating of taste, learning, and social factors.
C.the failure of researchers to confirm that energy deficits are the usual stimuli for eating.
D.all of the above

Which of the following statements is true?
A.Men and women have fundamentally different anterior pituitaries.
B.Men and women have fundamentally different posterior pituitaries.
C.A male pituitary transplanted into a female displays a cyclic pattern of hormone release.
D.A female pituitary transplanted into a male displays a cyclic pattern of hormone release.

The external reproductive organs of males and females develop
A.from different tissue.
B.from the same bipotential tissue.
C.under environmental control.
D.under direct genetic control.