From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: d. Direct materials costs combined with direct labor costs are called (prime, conversion) costs.

Indicate whether the following costs of Colgate-Palmolive Company would be classified as direct materials cost, direct labor cost, or factory overhead cost: Depreciation on the Clarksville, Indiana, soap plant.

In this exercise, perform the indicated operations. Each expression occurs in the indicated area of application.

$\frac{a}{b^2 h}+\frac{c}{b h^2}-\frac{1}{6 b h}$ (strength of materials)

A steel part is to be plated to give it better corrosion resistance. Two materials are being considered: cadmium and nickel. Considering only the problem of galvanic action, which would you choose? Why?

The direct costs of producing a product at a factory are: raw materials, $\$ 17,512$ and direct labor, $\$ 10,700$. Factory overhead is estimated at $15 \%$ of prime cost. What is the total manufacturing cost for making the product?

Perez Mfg.’s August 31 inventory of raw materials is $150,000. Raw materials purchases in September are$400,000, and factory payroll cost in September is $232,000. Overhead costs incurred in September are: indirect materials,$30,000; indirect labor, $14,000; factory rent,$20,000; factory utilities, $12,000; and factory equipment depreciation,$30,000. The predetermined overhead rate is 50% of direct labor cost. Job 114 is sold for $380,000 cash in September. Costs for the three jobs worked on in September follow.$

$$\begin{matrix} & \text{Job 114} & \text{Job 115} & \text{Job 116}\\ \text{Balances on August 31}\\ \text{Direct materials}\ldots\ldots\ldots & \text{\$ 14,000} & \text{\$ 18,000}\\ \text{Direct labor} \ldots\ldots\ldots & \text{18,000} & \text{16,000}\\ \text{Applied overhead} \ldots\ldots\ldots & \text{9,000} & \text{8,000}\\ \text{Costs during September}\\ \text{Direct materials} \ldots\ldots\ldots & \text{100,000} & \text{170,000} & \text{\$ 80,000}\\ \text{Direct labor} \ldots\ldots\ldots & \text{30,000} & \text{68,000} & \text{120,000}\\ \text{Applied overhead} \ldots\ldots\ldots & \text{?} & \text{?} & \text{?}\\ \text{Status on September 30} \ldots\ldots\ldots & \text{Finished (sold)} & \text{Finished (unsold)} & \text{In process}\\ \end{matrix}$$

$ 1. Determine the total of each production cost incurred for September (direct labor, direct materials, and applied overhead) and the total cost assigned to each job (including the balances from August 31). 2. Prepare journal entries for the month of September to record the following. a. Materials purchases (on credit). b. Direct materials used in production. c. Direct labor paid and assigned to Work in Process Inventory. d. Indirect labor paid and assigned to Factory Overhead. e. Overhead costs applied to Work in Process Inventory. f. Actual overhead costs incurred, including indirect materials. (Factory rent and utilities are paid in cash.) g. Transfer of Jobs 114 and 115 to the Finished Goods Inventory. h. Cost of Job 114 in the Cost of Goods Sold account. i. Revenue from the sale of Job 114. j. Assignment of any underapplied or overapplied overhead to the Cost of Goods Sold account. (The amount is not material.) 3. Prepare a schedule of cost of goods manufactured. 4. Compute gross profit for September. Show how to present the inventories on the September 30 balance sheet. 5. The over- or underapplied overhead adjustment is closed to Cost of Goods Sold. Discuss how this adjustment impacts business decision making regarding individual jobs or batches of jobs.

Match the descriptions to a stage in the key.

The cell doubles its organelles and accumulates the materials needed for DNA synthesis.

a. $G_1$, stage

b. S stage

c. $G_2$ stage

d. M (mitotic) stage

Earth Plus pays workers $.48 per container for sorting recyclable materials. Find the daily gross earnings for the worker.

Earth Plus pays workers $.48 per container for sorting recyclable materials. Find the daily gross earnings for the worker.

Earth Plus pays workers $.48 per container for sorting recyclable materials. Find the daily gross earnings for the worker.

Carpets are usually made from different materials than socks. Explain what could be done to reduce the effect of static discharge when you walk across a carpet wearing socks.

Due to a decrease in the cost of materials, the profit function for Acme Innovations has changed to

$$Q(x) = -x^3 + 10x^2 + 13x - 22.$$

How many lamps should they make in order to make a profit?

Identify whether each of the following costs of Granite Construction, Inc., would be classified as direct labor, direct materials, manufacturing overhead, or as selling, general, and administrative costs.

h. Legal costs.

The costs of producing a piece of luggage at ACME Luggage Company are labor, $\$45$; materials, $\$40$; overhead, $\$35$. Use this information for this exercise.

Construct a circle graph for the cost of producing a piece of luggage.