Lott company uses a job order cost system and applies overhead to production on the basis of direct labor costs. on january 1, 2017, job no. 50 was the only job in process. the costs incurred prior to january 1 on this job were as follows: direct materials $22,200, direct labor $13,320, and manufacturing overhead $17,760. as of january 1, job no. 49 had been completed at a cost of $99,900 and was part of finished goods inventory. there was a $16,650 balance in the raw materials inventory account.

during the month of january, lott company began production on jobs 51 and 52, and completed jobs 50 and 51. jobs 49 and 50 were also sold on account during the month for $135,420 and $175,380, respectively. the following additional events occurred during the month.

1. purchased additional raw materials of $99,900 on account.
2. incurred factory labor costs of $77,700. of this amount $17,760 related to employer payroll taxes.
3. incurred manufacturing overhead costs as follows: indirect materials $18,870; indirect labor $22,200; depreciation expense on equipment $13,320; and various other manufacturing overhead costs on account $17,760.
4. assigned direct materials and direct labor to jobs as follows.

job no. direct materials direct labor
50 $11,100 $5,550
51 43,290 27,750
52 33,300 22,200

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.

Blue computers, a major pc manufacturer in the united states, currently has plants in kentucky and pennsylvania. the kentucky plant has a capacity of 1 million units a year and the pennsylvania plant has a capacity of 1.5 million units a year. the firm divides the united states into five markets: northeast, southeast, midwest, south, and west. each pc sells for $1,000. the firm anticipates a 50 perc~nt growth in demand (in each region) this year (after which demand will stabilize) and wants to build a plant with a capacity of 1.5 million units per year to accommodate the growth. potential sites being considered are in north carolina and california. currently the firm pays federal, state, and local taxes on the income from each plant. federal taxes are 20 percent of income, and all state and local taxes are 7 percent of income in each state. north carolina has offered to reduce taxes for the next 10 years from 7 percent to 2 percent. blue computers would like to take the tax break into consideration when planning its network. consider income over the next 10 years in your analysis. assume that all costs remain unchanged over the 10 years. use a discount factor of 0.1 for your analysis. annual fixed costs, production and shipping costs per unit, and current regional demand (before the 50 percent growth) are shown in table 5-13. (a) if blue computers sets an objective of minimizing total fixed and variable costs, where should they build the new plant? how should the network be structured? (b) if blue computers sets an objective of maximizing after-tax profits, where should they build the new plant? how should the network be structured? variable production and shipping cost ($/unit) annual fixed cost northeast southeast midwest south west (million$) kentucky 185 180 175 175 200 150 pennsylvania 170 190 180 200 220 200 n. carolina 180 180 185 185 215 150 california 220 220 195 195 175 150 demand ('000 units/month) 700 400 400 300 600