Tornado Electronics Manufactures Stereos

question 72

Essay

Tornado Electronics manufactures stereos. All processing is initiated when an order is received. For April there were no beginning inventories. Conversion Costs and Direct Materials are the only manufacturing cost accounts. Direct Materials are purchased under a just-in-time system. Backflush costing is used with a finished goods trigger point. Additional information is as follows:

Required:
Record all journal entries for the monthly activities related to the above transactions if backflush costing is used.

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Definitions:

Fear Hierarchy

A fear hierarchy is a list of feared situations or objects that are arranged in descending order according to how much they evoke anxiety. This list is then used in therapy for exposure exercises.

Response Prevention

A behavioral treatment technique, particularly used in treating OCD, where the patient is prevented from performing a compulsive behavior.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Anxiety

A sensation of apprehension or fear, often about something that is going to happen soon or an outcome that is not yet clear.