Cy loans inc. provides loans to small businesses with cyclone connections at reasonable interest rates and will consider small businesses with connections to that other school to our east. the interest rate charged those businesses is higher to compensate cy loans for the additional risk.

all businesses must provide credit information before securing any loans. the credit department reviews all credit information, compares it to the business credit history file, and returns approved credit notices within three days. the credit department is also responsible for notifying businesses of credit denials. in addition, the loan pending database is updated at this time.

for approved businesses, cy loans verifies that the appropriate funds are available by reviewing the available funds database. if the funds is available, a loan acceptance notice is generated and the funds are delivered to the business. if the funds are not available, the business is notified with a date to expect the funds on.

the loan system generates weekly total loan requested report based on the loan pending file which is forwarded to cy loans owner, super cy.

prepare a context dfd
prepare a level 0 dfd
prepare a business process diagram (bpd)

Required information problem 15-1a production costs computed and recorded; reports prepared lo c2, p1, p2, p3, p4 [the following information applies to the questions displayed below. marcelino co.'s march 31 inventory of raw materials is $84,000. raw materials purchases in april are $540,000, and factory payroll cost in april is $364,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $26,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $58,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $30,000 $36,000 direct labor 25,000 14,000 applied overhead 12,500 7,000 costs during april direct materials 133,000 210,000 $100,000 direct labor 105,000 150,000 101,000 applied overhead ? ? ? status on april 30 finished (sold) finished in process (unsold) required: 1. determine the total of each production cost incurred for april (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from march 31). 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 306 and 307 to finished goods inventory. h-cost of goods sold for job 306. i-revenue from the sale of job 306. j-assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions. 3. prepare a schedule of cost of goods manufactured. 4.1 compute gross profit for april. 4.2 show how to present the inventories on the april 30 balance sheet.