Selected t-accounts of moore company are given below for the just completed year: raw materials bal. 1/1 15,000 credits ? debits 120,000 bal. 12/31 25,000 manufacturing overhead debits 230,000 credits ? work in process bal. 1/1 20,000 credits 470,000 direct materials 90,000 direct labor 150,000 overhead 240,000 bal. 12/31 ? factory wages payable debits 185,000 bal. 1/1 9,000 credits 180,000 bal. 12/31 4,000 finished goods bal. 1/1 40,000 credits ? debits ? bal. 12/31 60,000 cost of goods sold debits ? required: 1. what was the cost of raw materials used in production during the year? 2. how much of the materials in (1) above consisted of indirect materia

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest. the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed. what control allowed the fraud to occur?

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?