Samantha’s Office Supplies (5):  The cost of normal spoilage is $_______________.

RELATED GROUP paid $2,660,000 cash for land to be used to construct condominiums. At the time of purchase, the land had a list price of $3,000,000. When the balance sheet was prepared, the appraised fair value of the land was $2,900,000 and the market value used for tax purposes was $2,800,000. At what amount should the land be reported on the balance sheet of the company?

I know my instructor’s name 

The claims of the owners of a company are  

Samantha’s Office Supplies:  Use the following information for the following 7 questions (all remaining questions).  Samantha’s Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection occurs when the units are 70% completed. Spoiled units normally constitute 5% of the good units. The firm uses the weighted-average method of process costing. Data provided for February 2020 are as follows: WIP, beginning inventory 2/1/2020 51,100 units      Direct materials (100% complete)        Conversion costs (60% complete)       Started during February 170,400 units Completed and transferred out 180,500 units     WIP, ending inventory 2/28/2020 27,000 units      Direct materials (100% complete)        Conversion costs (25% complete)     Costs:      WIP, beginning inventory:             Direct materials $280,800            Conversion costs 380,400      Direct materials added 408,100      Conversion costs added 664,900

Shining Star Company (1): The number of equivalent units produced in this period for direct materials is ___________ units.

The following questions refer to an experiment in which a dialysis-tubing bag is filled with a mixture of 3% starch and 3% glucose and placed in a beaker of distilled water, as shown below. After 3 hours, glucose can be detected in the water outside the dialysis-tubing bag, but starch cannot.     Which of the following best describes the condition expected after 24 hours?

Tessmer Manufacturing Company: Use the following information for the following 3 questions.  Tessmer Manufacturing Company produces inventory in a highly automated assembly plant in Olathe, Kansas. The automated system is in its first year of operation and management is still unsure of the best way to estimate the overhead costs of operations for budgetary purposes. For the first six months of operations, the following data were collected: Machine-hours Kilowatt-hours Total Overhead Costs January 4,560 5,424,000 $405,600  February 4,380 5,208,000 414,160 March 4,680 5,400,000 407,040 April 3,960 5,148,000 404,160 May 3,900 5,040,000 381,200 June 3,720 4,944,000 384,000

McAllister Company (2): The amount of direct material cost included in this job is $_______________.

McAllister Company (1): The amount of direct labor cost included in this job is $_______________.