The Clash Company uses job-order costing. Costs are charged to jobs using normal costing, and overhead is based on direct labor cost Estimated direct labor cost for 2014 is $60,000, and the estimated overhead cost for 2014 is $72,000. The beginning balance in Materials Control was
$4,500. The Materials Control account only includes direct materials. Direct materials
purchased during 2014 were $40,000. The beginning Work in Process for 2014 included cost from 2 jobs, Job 111 and Job 222. The Job 111 cost in beginning Work in Process was $3,000, which included $1,000 for direct materials, $1,000 for direct labor, and $1,000 for allocated overhead. The Job 222 cost in beginning Work in Process was $5,000, which included $1,000 for direct materials, $2,000 for direct labor, and $2,000 of allocated overhead. During the previous year, all underallocated or overallocated overhead had been charged totally to Cost of Goods Sold. The beginning balance in Finished Goods for 2014 included 50 units from Job 104, with a cost of $80 per unit. Of the total amount of $80 per unit, $20 per unit was overhead cost. The direct costs charged to jobs during 2014 are as follows:
Job 111
Job 222
Job 333
Job 444
Job 555
Direct Materials
$ 7,000
$ 9,000
$11,000
$13,000
$ 2,000
Direct Labor
$10,000
$11,250
$15,000
$20,000
$ 6,250
Units on job 1,000 units 100 units 400 units 500 units not applicable
The company allocates (prorates) any underallocated or overallocated overhead to the appropriate accounts at the end of the year, using the most theoretically correct method. Actual overhead for
2014 was $70,000. During the year, all jobs were completed except Job 555. At the end of 2014, there were 375 units from Job 444 in Finished Goods. All other units that had been in Finished Goods during 2014 had been sold.
1. Compute the underallocated or overallocated overhead and prorate it to the appropriate accounts in the most theoretically correct way. Round percentages to the nearest per cent, and round total amounts to the nearest dollar, if needed.
2. If the company had used actual costing based on a year's time frame, what would the actual overhead rate have been? What would have been the total balance (DM + DL + OH) in ending Work in Process if the company had used actual costing? Now go back to normal costing and compute the corrected balance of Work in Process after your computations in number 1. Are the two balances in Work in Process (actual vs. corrected normal) the same? Should they be the same?
Please note that you may have been given a lot of information on this quiz that you don’t really need to answer the required questions. You need to be able to figure out what is relevant and what isn’t.
This quiz is worth 5 points and is due next Monday, March 2nd, at 4:30 in the afternoon. PLEASE remember that take-home quizzes are open book and open notes, but NOT open neighbor. ...
Interactive Powerpoint_How to Master effective communication
The Clash Company uses job-order costing. Costs are charged to .docx
1. The Clash Company uses job-order costing. Costs are charged
to jobs using normal costing, and overhead is based on direct
labor cost Estimated direct labor cost for 2014 is $60,000, and
the estimated overhead cost for 2014 is $72,000. The beginning
balance in Materials Control was
$4,500. The Materials Control account only includes direct
materials. Direct materials
purchased during 2014 were $40,000. The beginning Work in
Process for 2014 included cost from 2 jobs, Job 111 and Job
222. The Job 111 cost in beginning Work in Process was
$3,000, which included $1,000 for direct materials, $1,000 for
direct labor, and $1,000 for allocated overhead. The Job 222
cost in beginning Work in Process was $5,000, which included
$1,000 for direct materials, $2,000 for direct labor, and $2,000
of allocated overhead. During the previous year, all
underallocated or overallocated overhead had been charged
totally to Cost of Goods Sold. The beginning balance in
Finished Goods for 2014 included 50 units from Job 104, with a
cost of $80 per unit. Of the total amount of $80 per unit, $20
per unit was overhead cost. The direct costs charged to jobs
during 2014 are as follows:
Job 111
Job 222
Job 333
Job 444
Job 555
Direct Materials
$ 7,000
$ 9,000
$11,000
2. $13,000
$ 2,000
Direct Labor
$10,000
$11,250
$15,000
$20,000
$ 6,250
Units on job 1,000 units 100 units 400 units 500 units
not applicable
The company allocates (prorates) any underallocated or
overallocated overhead to the appropriate accounts at the end of
the year, using the most theoretically correct method. Actual
overhead for
2014 was $70,000. During the year, all jobs were completed
except Job 555. At the end of 2014, there were 375 units from
Job 444 in Finished Goods. All other units that had been in
Finished Goods during 2014 had been sold.
1. Compute the underallocated or overallocated overhead and
prorate it to the appropriate accounts in the most theoretically
correct way. Round percentages to the nearest per cent, and
round total amounts to the nearest dollar, if needed.
2. If the company had used actual costing based on a year's
time frame, what would the actual overhead rate have been?
What would have been the total balance (DM + DL + OH) in
ending Work in Process if the company had used actual costing?
Now go back to normal costing and compute the corrected
balance of Work in Process after your computations in number
3. 1. Are the two balances in Work in Process (actual vs.
corrected normal) the same? Should they be the same?
Please note that you may have been given a lot of information
on this quiz that you don’t really need to answer the required
questions. You need to be able to figure out what is relevant
and what isn’t.
This quiz is worth 5 points and is due next Monday, March 2nd,
at 4:30 in the afternoon. PLEASE remember that take-home
quizzes are open book and open notes, but NOT open neighbor.
Do your own work on this quiz.
Running head: BUSN311 - Quantitative Methods and Analysis
1
Unit 3 – Survey Sample Size
Type your Name Here
American InterContinental University
Abstract
This is a single paragraph, no indentation is required. The next
page will be an abstract; “a brief, comprehensive summary of
the contents of the article; it allows the readers to survey the
contents of an article quickly” (Publication Manual, 2010). The
length of this abstract should be 35-50 words (2-3 sentences).
NOTE: the abstract must be on page 2 and the body of the paper
will begin on page 3.
Introduction
Provide a brief introduction (2-3 sentences) to the email you are
writing for the purposes of previewing what will be covered.
Entertainment Survey
4. Using a newspaper article from AIU library’s full-text database:
National Newspapers (Proquest), create a lecture (with
citations) which includes the following: Describe an
entertainment poll or survey. Analyze the number of people who
participated in the sample compared to the number in the
population. Most news articles will not provide information on
the number of people surveyed. In this case critique the validity
of the results. (Be sure to cite the article which must be from
National Newspapers -ProQuest) NOTE: There is a research
Guide in the classroom to help with this assignment. Discuss
how the results of the survey can be used to tell a story or
support an idea of the sponsoring company or media group.
Political Survey
Using polls from one of the following sources: http://people-
press.org/question-search/ or http://www.gallup.com/Home.aspx
Describe a political poll or survey. Analyze the number of
people who participated in the sample compared to the number
in the population. Discuss how the results of the survey can be
used to tell a story or support an idea of the sponsoring
company or media group.
General Survey
Using polls from one of the following sources:http://people-
press.org/question-search/ or http://www.gallup.com/Home.aspx
Describe a general opinion poll or survey. Analyze the number
of people who participated in the sample compared to the
number in the population. Discuss how the results of the survey
can be used to tell a story or support an idea of the sponsoring
company or media group.
Overview
Consider the three surveys presented. Using the knowledge you
learned from the textbook, compare and contrast the sample
sizes in each of the three surveys mentioned in the post and
5. determine if the samples sizes are appropriate. In your opinion,
which appears to be the most valid? (Cite and reference the
textbook) This section of the paper will be 2-3 pages in length
and each survey or poll described MUST come from AIU
Library’s National Newspapers- ProQuest Database and Pew
Research Center or Gallup. Please do not use quotes or copy
definitions. You will not receive credit for understanding the
materials if you use the words of others. Keep in mind that
since you did research and you have citations in the body of the
post, you must also place a reference list at the end containing
the textbook and the articles cited.
Application: Copy of Survey
Create your own 3 question Entertainment or General Opinion
Survey using http://www.zoomerang.com/basic/ or another free
survey program or http://www.surveymonkey.com/. Secure a
minimum of 20 responses. Your survey respondents may be
friends, family or classmates. (NOTE: The small sample size
was chosen for convenience and as you know is not a valid
sample. The goal is for you to create, deploy and analyze a
simple survey.) Include a copy of your survey.
Application: Results - Chart 1
Provide charts of your results and describe the 3 charts in
words.
Application: Results - Chart 2
Provide charts of your results and describe the 3 charts in
words.
Application: Results - Chart 3
Provide charts of your results and describe the 3 charts in
6. words.
Application: Surveys and Business
Explain how the results of your survey can be used by a media
group or company. This section of the paper will contain 1 page
of text and 3 charts.
Conclusion
Add some concluding remarks-can be a sentence or two.
References
NOTE: The reference list starts on a new page after your
conclusion.
For help with formatting citations and references using rules
outlined in the APA Manual’s 6th Edition, please check out the
AIU APA guide located under the Interactive Learning section
on the left side of the course.
General Form for Electronic References
NOTE: A reference list is presented alphabetically by author's
last name
Note: Some elements of the 6th edition's style guidelines for
electronic resources differ from previously published
guidelines.
Electronic sources include aggregated databases, online
journals, Web sites or Web pages, newsgroups, Web- or e-mail-
based discussion groups, and Web- or e-mail-based newsletters.
Online periodical:
Author, A. A., Author, B. B., & Author, C. C. (2000). Title of
article. Title of Periodical, xx, xxxxx.
Retrieved month day, year, from source.
7. EXAMPLE:
Reinartz, Werner, Thomas, Jacquelyn S., Kumar, V. (2005).
Balancing acquisition and
resources to maximize customer profitability. Journal of
Marketing, v69, Issue 1. Retrieved
6/13/2005, from Business Source Premier.
Page 1 of 2
Updated 1/22/2014
AIU Library
BUSN311 Unit 3 IP Research Guide
Finding Entertainment Surveys
Try searching ProQuest Newsstand, which is a library research
database that offers access to the full
text of over 1,300 newspapers. To search Newsstand, follow
these steps:
• Click the Find Articles and eBooks link on the library’s
homepage.
• When the next page loads, scroll through the alphabetical list
8. of databases under the Find articles
and ebooks by database heading and look for Newsstand. Click
directly on its title to load the
search page.
• Once in Newsstand, enter your search terms into the boxes at
the top of the page. Some search
terms to try include:
First Line Second Line
Entertainment Survey
Entertainment Poll
Celebrity Survey
Celebrity Poll
Page 2 of 2
Updated 1/22/2014
AIU Library
• After you type in your search terms, click the Search button.
9. Results will load on a new page.
• In the list of results, you will see the title, publication
information, and brief description of the article.
To read an article’s summary, click the Preview link. To access
the complete article, click the Full
Text link.
• Once you have the full text loaded, use the options at the top
of the page to print, download, or email
the article to yourself.
Library Contact
• If you have any questions, or if you need assistance using the
library’s resources, please let us
know!
Email Phone
[email protected]
877-221-5800 x15721
• The AIU Online Library is also available through the campus