Question : 61) Assume that you working a normal job costing system : 1196238

Accounting

61) Assume that you are working on a normal job costing system similar to the one shown in exhibit 4-5. One of the junior accountants has uncovered errors in that the following amounts were mistakenly omitted and not recorded.

Direct labour hours

1,000

Direct materials cost

$12,000

Marketing costs

$17,000

Administration costs

$ 9,000

Note: direct labour rate is $47 per hour

What amount should be added to work-in-process control? 61) ______ A) $76,000 B) $47,000 C) $59,000 D) $85,000 E) $12,000

62) Manufacturing Overhead Control and Manufacturing Overhead Allocated in the General Ledger respectively, refer to 62) ______ A) the record of actual overhead costs, and the record of overhead allocated to specific jobs using budgeted rates x budgeted base units. B) the record of actual overhead costs, and the record of overhead allocated to specific jobs using budgeted rates x actual base units. C) the record of actual overhead costs, and the record of overhead allocated to specific jobs using actual rates x budgeted base units. D) the record of total budgeted overhead costs and the record of actual overhead allocated to date. E) the record of total budgeted overhead costs, and the record of overhead allocated to specific jobs using budgeted rates x actual base units.

63) To allocate or spread the under/over-allocated overhead between ending inventory, Cost of Goods Sold, and the work-in-process control accounts is called the 63) ______ A) inventory adjustment approach. B) adjusted rate approach. C) allocation variance approach. D) flexible budget approach. E) proration approach.

64) The final balance in the manufacturing overhead control account is closed to which account(s) at year-end? 64) ______ A) work-in-process control B) finished goods inventory C) income summary D) cost of goods sold E) Any of work-in-process control, income summary, or finished goods inventory would be acceptable.

65) The final balance in the manufacturing overhead allocated account is closed to which account(s) at year-end? 65) ______ A) work-in-process control B) finished goods inventory C) income summary D) cost of goods sold E) Any of work-in-process control, income summary, or finished goods inventory would be acceptable.

66) Which method for dealing with under/over allocated overhead provides the most accurate inventory and cost of goods sold figures? 66) ______ A) either proration or adjusted rate approach would give same result B) immediate write-off to cost of goods sold C) adjusted rate approach D) proration approach E) All of the above approaches are equivalent.

67) Which method for dealing with under/over allocated overhead provides the most accurate individual job cost records? 67) ______ A) adjusted rate approach B) either proration or adjusted rate approach would give same result C) immediate write-off to cost of goods sold D) proration approach E) All of the above approaches are equivalent.

68) In the service sector, 68) ______ A) normal costing may not be used. B) overhead is generally applied using an actual cost-allocation rate. C) a budgeted direct-labour cost rate may be used to apply direct labour to jobs. D) direct labour costs are always easy to trace to jobs.

69) Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct costs. Budgeted indirect costs are $375,000 and actual indirect costs were $396,900. Budgeted professional labour-hours are 500,000 and actual hours were 504,000. What is the budgeted direct cost-allocation rate? 69) ______ A) $0.75 per hour B) $1.7857 per hour C) $1.80 per hour D) $1.05 per hour

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July 1, 2023

You have been learning about how developmental assets can be built into your instructional models, and how to use that knowledge to support community-wide efforts to strengthen and support the adults and youth in your community, including identified classifications of Latino, African-American, and youth with disabilities.

We have identified and evaluated the existing programs in your community based on the 40 Developmental Assets model and brainstormed ways that you can use that model to create or support the existing programs within your local school and/or community.

Using reflection and analysis, you identified a specific initiative that meets an identified need in your community and has the potential to be immediately incorporated into your instructional setting or community.

Your Final Project is composed of three different categories that will be submitted as a complete unit. These categories include:

1. Designing a multimedia presentation or slideshow created in a program of your choice (PowerPoint, Google Presentation, Prezi, etc.). The presentation will illustrate the initiative for students, parents, and/or community.

2. Designing visual resources and handouts that illustrate your initiative and contribute to the presentation.

3. Writing an eight- to twelve- page paper that outlines your processes and that can be used to introduce and support your initiative.

Your multimedia presentation or slideshow can be created in a format of your choice (Microsoft PowerPoint, Google Presentation, Prezi, etc.) and should last between 5 and 15 minutes when presented orally.

Your presentation should include, but not be limited to:

· A definition of the purpose of your initiative, vision, and mission.

· A brief overview that illustrates the 40 Developmental Assets.

· A graphic that diagrams your community based on researched data.

· An illustration of how your initiative will support or create a positive environment and/or enhance an existing program or practice using proven methods with and for young people.

· A reference slide citing all sources using APA format.

Your created resources and handouts should include the final copies of the Student Handout created in Week Three, the Resource Table finalized in Week Four, and the Communication Guide created in Week Five.

Your written paper should be eight to twelve pages in length (excluding title and reference pages), and be formatted according to APA style as outlined in the Ashford Writing Center.

Your paper should include the following topics/headings:

· Describe, through a brief narrative, your initiative, vision, and mission.

· Summarize your community’s demographics, including those that are related specifically to the 40 Developmental Assets as outlined in your text.

· Outline the steps that you have taken, or will take, to achieve your vision through a graphics or written narrative.

· Summarize how you arrived at your initiative based on your community needs as outlined in the demographics. Examine your thought process for developing your mission/vision statement.

· Examine the internal and external assets you are focused on and explain why.

· Specify how your initiative addresses at least four of the Five Action Strategies as identified in your text.

· Illustrate, through a short written explanation, how you evaluated the process.

· Defend your plan for growing and sustaining your initiative.

You may use any or all of the instructional materials you have created during our course. Your completed Final Project should include references and citations for a minimum of five scholarly sources in addition to your text book.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

Instructor Guidance

Week 6

In our final week of this class, the biggest part is completing your final project. To help you with that, we have a few things to do. If we look at the learning outcomes for the week, the first one listed is that you will create a media presentation that addresses a need in your school or community. Of course, you will also supply a paper that describes how you are going to start your specific community project but you’ll notice that you are also going to evaluate the process of creating a program. A wonderful, short, video on such a presentation that covers many of the topics required for your final project can be seen at this link: Highlights: Magnolia Community Initiative Overview (Links to an external site.). Please take 4 minutes and watch!

In the discussion for this week you are asked to create a draft outline of your final project and post it. It will be really important for you to post his early this week as you can so that others will be able to see and provide feedback for your outline. You are posting this outline for your classmates to review so that you will be more certain that you are covering all the bases. When you read each other’s outlines, please provide instructive recommendation and specific suggestions on how to improve the organization and ideas.

See the full work assignment attached.