Adolphus Instruments Manufactures Two Models of Calculators Adolphus Uses Operations Costing and Assigns Conversion Costs on the Is

question 111

Essay

Adolphus Instruments manufactures two models of calculators. The research model is the RES-1 and the student model is the AS-2. Both models are assembled in the same plant and require the same assembling operations. The difference is in the cost of the internal components. The following data are available for February.
$\begin{array}{llr}& \text { RES-1}& \text { AS-2}& \text { Total}\\ \text { Number of units } &20,000&80,000&100,000\\ \text { Parts cost per unit } &\$40&\$50\\ \text { Other costs: } &&\\ \text { Direct labor } &&&\$124,000\\ \text { Indirect materials} &&&35,000\\ \text { Other overhead } &&&141,000\\ \text { Total} &&&\$300,000\\\end{array}$

Adolphus uses operations costing and assigns conversion costs on the number of units assembled.
Required:
Compute the cost of the RES-1 and AS-2 models for February.

Recognize the role and impact of state securities laws in conjunction with federal laws.

Understand the purpose and scope of the Sarbanes-Oxley Act in promoting corporate accountability.

Identify investment schemes and their legality under federal securities laws.

Understand the definition and characteristics of an action potential.

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Definitions:

Net Balance

The amount remaining after all deductions have been made, often used in the context of financial accounts.

Billing Date

The billing date refers to the date on which a bill is generated, outlining the charges incurred by the customer.

Finance Charge

The total cost of borrowing, including interest and other charges, on a loan or on credit provided.

Previous Balance

The amount of money that was owed at the end of the last billing cycle in financial accounts and credit statements.