Port Manufacturing Company Uses a Process Costing System

question 148

Essay

Port Manufacturing Company uses a process costing system. Materials are added at the beginning of the process. Direct labor and overhead are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing. The following are the operating and cost data information for October.
The October 1 beginning Work in Process Inventory consisted of 20,000 units. The costs for this inventory are $82,500 of direct materials, $24,400 of direct labor, and $48,800 of factory overhead. Factory overhead is applied at 200% of direct labor cost.
In addition to the beginning inventory costs, the company issued the following costs into Work in Process Inventory; direct materials, $240,000; direct labor, $68,000; factory overhead, $136,000.
During October, the company completed and transferred 60,000 units of its product to finished goods. At the end of the month, the Work in Process inventory consisted of 15,000 units that were 40% complete with respect to direct labor and factory overhead and 100% complete with respect to
materials.
Prepare the company's process cost summary for October using the weighted average method.

Identify the therapeutic concepts of transference and resistance and their significance in psychoanalysis.

Appreciate the broad goals of various therapeutic approaches beyond psychoanalysis.

Understand the side effects associated with psychiatric medications.

Recognize the training and educational backgrounds of different therapy providers.

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Definitions:

Sleepwalks

The act of walking or performing other complex behaviors while in a state of partial arousal from deep sleep; also known as somnambulism.

Insomnia

A condition that makes it hard to fall asleep or remain asleep throughout the night.

Sequential Processing

The cognitive ability to process information in a logical, linear order, often necessary for tasks such as reading or problem-solving.

Two-Track Mind

The concept that the brain processes information on two different levels simultaneously; conscious and unconscious.