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The Matsui Lubricants plant uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for a particular day: Beginning WIP inventory Direct materials $ 985 Conversion costs 572 Current period costs Direct materials 27,275 Conversion costs 18,722 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 850 units (70% complete as to materials, 60% complete as to conversion) Current period units started 6,000 units Ending inventory 1,600 units (50% complete as to materials, 20% complete as to conversion) Compute the cost of goods transferred out and the ending inventory using the FIFO method.
What is your evaluation of the process of going about the closure. Was RSPS demonstrating social responsibility. Discuss the closure impact on three specific stakeholders.
What is the difference between planned and unplanned change? As a manager which would you prefer? Give an example of how teams are involved with implementing change in an organization that you are familiar with. Was the change successful? How was suc..
What would be the dollar impact if the 5 percent increase planned for January 1 were reduced to 3.5 percent and postponed until April 1? As an alternate cost-saving strategy, determine the annual savings if all hourly staff were reduced from 40 to 37..
Ironsteel and the International Association of Machinists and Aerospace Workers (“Union”) were parties to a collective bargaining agreement expiring May 31, 2011 that covered approximately 250 Ironsteel employees at Ironsteel's North Chicago plant. ..
A publisher sells books to Barnes & Noble at $15 each. The unit production cost for the publisher is $3 per book. Barnes & Noble prices the book to its customers at $28 and expects demand over the next two months to be normally distributed, with a me..
Which type of organization is best exemplified by delegation of authority?
The best possible person a human resource professional can hire is the best person who applies for the job. How can HR employees increase the amount of qualified and potentially excellent candidates to apply for a job while avoiding having to sift th..
A well-known car manufacturing company introduces a new harchback madel by describing its distinctive features and then stressing the speed and safety qualities of the car. What of the following is the company using to convey its memebership in the h..
Expatriots are a valuable resource for MNC's expanding into new markets. What development and/or support tools would be effective in retaining these kinds of employees? How would you create an effective motivation program for expats and locals that p..
What is the citation for "An effective public health system that can assure the nation’s health requires the collaborative efforts of a complex network of people and organizations in the public and private sectors, as well as an alignment of policy a..
Companies go international for different reasons. What are the four reactive (defensive) reasons to go international? Explain.
If you were a work unit supervisor, which of the following do you think is more important to improving organizational performance? Explain. Encouraging employees to participate in work and organizational decisions. Setting clear, challenging work goa..
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