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Snhu 107 week 8 | Management homework help

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For your response posts, address the following:

1. How can you relate to the skills, resources, and motivational factors your peer
discussed?

2. Explain one of your strategies that may be helpful to a fellow student.

Remember, this assignment is graded on the quality of your initial post and at least two
response posts to your classmates.

___________________________________

Peer 1:
Zee Rivera

Hello everybody!

I’ve learned that the value of time management and goal setting are important for your

future success because it allows you to construct an effective plan where you can develop

stability in your school and personal life. Managing your schedule to where you have

time to complete your academics and enjoy the outside world is a great method to help

you stay organized and maintain your motivation on your desired objectives. It’s not

easy at times since it’s inevitable for things to occur and mess up our plans but it helps

us stay committed to what we want to achieve and keep our eyes on the prize. These

behaviors will definitely be a helping hand for me and my future because I have so many

things I want to attain and I’ll be able to make my visions a reality in the end.

You can apply these skills, resources, and motivational factors from this course to your

everyday life honestly. You’re always going to find a way to juggle time with jobs, kids,

personal life, etc. but as long as you create a time planner of some sort then it can get

your head on the right path and relieve some stress off your shoulders. Distractions can

become a huge factor as well but once you start to get the hang of learning how to split

your time onto things that are more important than others then you’re going to be

perfectly fine and your hard work is going to take you places.

With all that being said, Thank you so much Professor Thayer and fellow peers! It was a

delight to interact with you guys and I wish you all the best on your academic journey.

Happy Holidays Everyone! 🙂

__________________________________________________________________-

Peer 2 :
Kat Lapolt
I have learned that time management and goal setting will play a bigger part in my academic
success than I had originally thought when I started this course. These behaviors will help me
succeed by helping me stay motivated and on track.

These skills will help me in a future course that may have a lot of assignments. or a course that I
might not like taking that much.

Some thing I struggled with in this course was goal setting. I have never been all to great at
creating goals for myself I feel the skills we learned in this course will help me a lot with this in
the future.

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July 1, 2023
    
                            Howie Stars produces starts for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows:                               HOWIE STARS
Trial Balance
June 1, 2014                       Balance                     Account Title Debit Credit                     Cash $19,000                       Accounts receivable 188,000                       Inventories:                              Materials 5,700                            Work in process 42,500                            Finished goods 22,000                       Plant assets 260,000                       Accumulated depreciation   $70,000                     Accounts payable   135,000                     Wages payable   1,700                     Common stock   140,000                     Retained earnings   190,500                     Sales revenue   —                     Cost of goods sold —                       Manufacturing overhead —                       Marketing and general expenses —                       Total 537,200 537,200                                           June 1 balances in the subsidiary ledgers were as follows:                   – Materials subledger: Paper, $4,700; indirect materials, $1,000                 – Work in process subledger: Job 120, $42,500; $0 for Job 121                  – Finished goods subledger: Large Stars, $9,600; Small Stars, $12,400                                           June transactions are summarized as follows:                     a. Collections on account, $141,000.                     b. Marketing and general expenses incurred and paid, $22,000.                 c. Payments on account, $42,000.                     d. Materials purchases on credit: Paper, $22,900; indirect materials, $4,300.               e. Materials used in production (requisitioned):
     – Job 120: paper , $850
     – Job 121: paper, $7,750
     – Indirect materials, $1,800                   f. Wages incurred and assigned during June, $34,000. Labor time records for the month: Job 120, $4,500; Job 121, $16,600; indirect labor, $12,900.     g. Wages paid in June include the balance in the Wages payable account at May 31 and $31,300 of wages incurred during June.     h. Depreciation on plant and equipment, $2,700.                   i. Manufacturing overhead was allocated at the predetermined rate of 60% of direct labor cost.           j. Jobs completed during the month: Job 120, 200,000 Large Stars at total cost of $55,550.           0 k. Credit sales on account: all of Job 120 for $104,000.                   l. Closed the Manufacturing overhead account to Cost of goods sold.                                           Requirements:                     1. Journalize the transactions for the company. Howie uses a perpetual inventory system.             2. Open T-accounts for the general ledger, the Materials ledger, the Work in process ledger, and the Finished goods ledger. Insert each account balance as given, and use the reference Bal. Post the journal entries to the T-accounts using the transaction letters as a reference. 6   3. Prepare a trial balance at June 30, 2014.                     4. Use the Work in process inventory T-account to prepare a schedule of cost of goods manufactured for the month of June.     5. Prepare an income statement for the month of June.                                           0                        
default image
July 1, 2023
    
                            Howie Stars produces starts for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows:                               HOWIE STARS
Trial Balance
June 1, 2014                       Balance                     Account Title Debit Credit                     Cash $19,000                       Accounts receivable 188,000                       Inventories:                              Materials 5,700                            Work in process 42,500                            Finished goods 22,000                       Plant assets 260,000                       Accumulated depreciation   $70,000                     Accounts payable   135,000                     Wages payable   1,700                     Common stock   140,000                     Retained earnings   190,500                     Sales revenue   —                     Cost of goods sold —                       Manufacturing overhead —                       Marketing and general expenses —                       Total 537,200 537,200                                           June 1 balances in the subsidiary ledgers were as follows:                   – Materials subledger: Paper, $4,700; indirect materials, $1,000                 – Work in process subledger: Job 120, $42,500; $0 for Job 121                  – Finished goods subledger: Large Stars, $9,600; Small Stars, $12,400                                           June transactions are summarized as follows:                     a. Collections on account, $141,000.                     b. Marketing and general expenses incurred and paid, $22,000.                 c. Payments on account, $42,000.                     d. Materials purchases on credit: Paper, $22,900; indirect materials, $4,300.               e. Materials used in production (requisitioned):
     – Job 120: paper , $850
     – Job 121: paper, $7,750
     – Indirect materials, $1,800                   f. Wages incurred and assigned during June, $34,000. Labor time records for the month: Job 120, $4,500; Job 121, $16,600; indirect labor, $12,900.     g. Wages paid in June include the balance in the Wages payable account at May 31 and $31,300 of wages incurred during June.     h. Depreciation on plant and equipment, $2,700.                   i. Manufacturing overhead was allocated at the predetermined rate of 60% of direct labor cost.           j. Jobs completed during the month: Job 120, 200,000 Large Stars at total cost of $55,550.           0 k. Credit sales on account: all of Job 120 for $104,000.                   l. Closed the Manufacturing overhead account to Cost of goods sold.                                           Requirements:                     1. Journalize the transactions for the company. Howie uses a perpetual inventory system.             2. Open T-accounts for the general ledger, the Materials ledger, the Work in process ledger, and the Finished goods ledger. Insert each account balance as given, and use the reference Bal. Post the journal entries to the T-accounts using the transaction letters as a reference. 6   3. Prepare a trial balance at June 30, 2014.                     4. Use the Work in process inventory T-account to prepare a schedule of cost of goods manufactured for the month of June.     5. Prepare an income statement for the month of June.                                           0                        
default image
July 1, 2023
    
                            Howie Stars produces starts for elementary teachers to reward their students. Howie Stars' trial balance on June 1 follows:                               HOWIE STARS
Trial Balance
June 1, 2014                       Balance                     Account Title Debit Credit                     Cash $19,000                       Accounts receivable 188,000                       Inventories:                              Materials 5,700                            Work in process 42,500                            Finished goods 22,000                       Plant assets 260,000                       Accumulated depreciation   $70,000                     Accounts payable   135,000                     Wages payable   1,700                     Common stock   140,000                     Retained earnings   190,500                     Sales revenue   —                     Cost of goods sold —                       Manufacturing overhead —                       Marketing and general expenses —                       Total 537,200 537,200                                           June 1 balances in the subsidiary ledgers were as follows:                   – Materials subledger: Paper, $4,700; indirect materials, $1,000                 – Work in process subledger: Job 120, $42,500; $0 for Job 121                  – Finished goods subledger: Large Stars, $9,600; Small Stars, $12,400                                           June transactions are summarized as follows:                     a. Collections on account, $141,000.                     b. Marketing and general expenses incurred and paid, $22,000.                 c. Payments on account, $42,000.                     d. Materials purchases on credit: Paper, $22,900; indirect materials, $4,300.               e. Materials used in production (requisitioned):
     – Job 120: paper , $850
     – Job 121: paper, $7,750
     – Indirect materials, $1,800                   f. Wages incurred and assigned during June, $34,000. Labor time records for the month: Job 120, $4,500; Job 121, $16,600; indirect labor, $12,900.     g. Wages paid in June include the balance in the Wages payable account at May 31 and $31,300 of wages incurred during June.     h. Depreciation on plant and equipment, $2,700.                   i. Manufacturing overhead was allocated at the predetermined rate of 60% of direct labor cost.           j. Jobs completed during the month: Job 120, 200,000 Large Stars at total cost of $55,550.           0 k. Credit sales on account: all of Job 120 for $104,000.                   l. Closed the Manufacturing overhead account to Cost of goods sold.                                           Requirements:                     1. Journalize the transactions for the company. Howie uses a perpetual inventory system.             2. Open T-accounts for the general ledger, the Materials ledger, the Work in process ledger, and the Finished goods ledger. Insert each account balance as given, and use the reference Bal. Post the journal entries to the T-accounts using the transaction letters as a reference. 6   3. Prepare a trial balance at June 30, 2014.                     4. Use the Work in process inventory T-account to prepare a schedule of cost of goods manufactured for the month of June.     5. Prepare an income statement for the month of June.                                           0                        
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