Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $32,400 Work in process 48,000 Ending inventory: Direct materials $22,000 Work in process 20,400 During the year, direct materials purchases amounted to $255,600, direct labor cost was $185,200, and overhead cost was $310,800. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. $ 266,000 2. Calculate the cost of goods manufactured. $ 789,600 Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. $ 19.74 per unit 3. Of the unit manufacturing cost calculated in Requirement 2, $6.65 is direct materials and $7.77 is overhead. If required, round intermediate calculations and your final answers to the nearest cent. What is the prime cost per unit? $ 11.97 per unit What is the conversion cost per unit?

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum. should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: