Acct 505 Midterm

Wages paid to an assembly line worker in a factory are a   2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n)   3. Question : (TCO A) Depreciation of office buildings and office equipment is also known as   4. Question : (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following? 5. Question : (TCO F) Which of the following statements is true? I. Overhead application may be made slowly as a job is worked on. The Illinois Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 150,000 75% 55% Work in process, Jun 30 145,000 85% 75% The department started 475,000 units into production during the month and transferred 480,000 completed units to the next department. Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs. 3. Question : (TCO B) A tile manufacturer has supplied the following data:   Boxes of tile produced and sold 625,000 Sales revenue $2,975,000 Variable manufacturing expense $1,720,000 Fixed manufacturing expense $790,000 Variable selling and admin expense $152,000 Fixed selling and admin expense $133,000 Net operating income $180,000 Required: a. Calculate the companys unit contribution margin. b. Calculate the companys unit contribution ratio. c. If the company increases its unit sales volume by 5% without increasing its fixed expenses, what would the companys net operating income be? 4. Question : (TCO E) Lehne Company, which has only one product, has provided the following data concerning its most recent month of operations:   Selling price $ 125 Units in beginning inventory 600 Units oroduced 3000 Units sold 3500 Units in ending inventory 100 Variable costs per unit: Direct materials $ 15 Direct labor $ 50 Variable manufacturing overhead $ 8 Variable selling and admin $ 12 Fixed costs: Fixed manufacturing overhead $ 75,000 Fixed selling and admin $ 20,000 The company produces the same number of units every month, although the sales in units vary from month to month. The companys variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing? c. Prepare an income statement for the month using the variable costing method. d. Prepare an income statement for the month using the absorption costing method.

Ethics in an informations society Essay Example | Topics and Well Written Essays - 2000 words

Ethics in an informations society - Essay Example In addition, this aspect of ethics should have to be an environmental ethics in support of the information. In this scenario, ethics could be defined as the ideologies or ways leading an individual or business or standard of performance in the society (Floridi, 2001; Bynum, 2008; ArifSari, 2011). This paper discusses the basics and importance of ethics in information society. The basic aim of this research is to proficiently analyze the basic ethical aspects such as responsibility, accountability, and liability. Basics of Ethics The practice of information technology IT is upgrading a lot of aspects of individual effort and way of life. It seems to be doubtful that what are challenges and the societal and ethical inferences of these improvements? The bases of these challenges are the several means wherein an individual is able to conceive as well as understand the practice of IT or society inter-association. All of these ways of formation and elucidation allow an individual to discri minate the society association or IT in a different way and consequently interpret its social as well as ethical inferences in a diverse way. This access is related to an approach which is acknowledged as the phenomenological approach to understand IT along with its social and ethical suggestions (Introna, 2005; Froehlich, 2004). Moreover during the last few years, information ethics emerged as a field of study in information science and library sciences, however the area or the expression has been changed with the passage of time and it started capturing several other areas of interest and research. Actually, it could be seen as a convergence of the ethical doubts of media, reporting, information and library sciences disciplines, computer ethics comprising cyber-world ethics, MIS, web based technology and the business framework (Introna, 2005; Froehlich, 2004). Ethics in Constructing Information Society The technological frameworks which offer the basis for the information society or ICTs are proposed through the integration of principles and values. Additionally, sometimes these principles are not identified by the designer, as in recent times we can see obvious principles for instance the security of individual confidentiality which is allowed to be utilized openly. In this scenario, the basic purpose behind designing the WWW (World Wide Web) was to offer a decentralized distribution of data as well as information, available for all individuals. In addition, ease of access by all societal groups is currently one of the prime concerns of the information society, highlighting the identical privileges of each associate of the society. However, the analysis of a lot of technical professionals is that the methodologies they propose are only tools as well as worth free (Duquenoy, 2009). Basic Ethical Concepts Ethics means to understand the beliefs that persons as well as

Book Review Essay Example | Topics and Well Written Essays - 1500 words - 6

Book Review - Essay Example The writer grasps the attention of the writer through its fascinating revelations. Carr celebrates and admits in the book that the internet has given has many leisure facilities and conveniences, providing us quick and easy to access services. He has reflected on the notion, that with the advent of Internet and its overpowering nature in our lives, human mind has also become a technical mind. Internet has changed the way human mind thinks, it only encourages it to click and flick, losing its interest in the literature and reading good books. One of the reasons, for loss of interest is that internet has lessened our power to focus, Carr admits himself that he cannot read a book without losing concentration and his mind wandering after every few minutes. Carr reflects that â€Å"the Net and multimedia strains our cognitive abilities, diminishing our learning and weakening our understanding† (129). Carr has exhibited through different relations that because of the distractive nat ure of the internet and the various digital technologies, fewer and fewer people feel interested in introspective, deep reading activities. Carr is one of those technology writers who does not indulge in geeky tech writing, rather he grips his reader by beautifully crafted narrative and turns the technical details into sheer poetry. Carr starts the book mainly my admitting his own weaknesses in focusing and his distractive mind. He admits that he has been unable to focus lately and his mind is wandering to different other unrelated things and activities. He admits that it is not just about reading the books but he also has trouble focusing on other tasks as well and he keeps forgetting things and his memory is not as good as it used to be. He thinks that although the new media is changing the way we think and affecting our brain in several ways, it has several side-effects and one of the most observable and noticeable ones are that our brain is losing the power to