BUSN 11 -INSTRUCTOR'S. EDITION
11th Edition
ISBN: 9781337407175
Author: Kelly
Publisher: CENGAGE L
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Chapter 16, Problem 1LO
Summary Introduction
To discuss: Basic elements of computer technology and key trends in that areas.
Expert Solution & Answer
Explanation of Solution
Generally the basic elements of computer technology are input and output equipment, control unit, main memory and arithmetic-logical unit.
Hardware: It refers to physical tools and equipment which are used to collect, input, store and process the data to distribute the information.
Key trends in hardware are Digital currencies, Robotics, Virtual reality and assisted reality.
Software: It is a program which provides set of instructions to computer to perform a specific tasks. It is off two types, system software and applications software.
Key trends in software are Artificial intelligence and cognitive technologies, Digital transformation and block chains.
Networks: These networks allows the users to communicate and share files and hardware resources with each other. This networks links are either wired or wireless connections. Examples of networks are internet, local area network and wide area networks.
Key trends in networks are cloud scale networking, wireless first, 5G, deployment of next generation networks-SD WAN technologies.
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Step
Amount
Category
Inventory
1. Beginning Balance, January 1
28,000
Beginning Balance
Raw Materials
2. (+) Purchases (RM Purchases)
220,000
Addition
Raw Materials
3. (-) Ending Balance
20,000
Ending Balance
Raw Materials
4. = Transferred Out (RM used)
(228,000)
Transferred Out
Raw Materials
5. (+) Direct Labor
(152,000)
Transferred Out
Direct Labor
6. (+) Fixed Overhead
300,000
Addition
Overhead
7. (+) Variable Overhead
-
Addition
Overhead
8. = Total Factory Overhead
(390,000)
Transferred Out
Overhead
9. Beginning Balance, January 1
40,000
Beginning Balance
WIP
10. (+) Additions (RM used)
228,000
Addition
WIP
11. (+) Additions (DL used)
152,000
Addition
WIP
12. (+) Additions (OH used)
390,000
Addition
WIP
13. (-) Ending Balance, December 31
55,000
Ending Balance
WIP
14. = Transferred Out (COGM)
(755,000)…
Step
Amount
Category
Inventory
1. Beginning Balance, January 1
28,000
Beginning Balance
Raw Materials
2. (+) Purchases (RM Purchases)
220,000
Addition
Raw Materials
3. (-) Ending Balance
20,000
Ending Balance
Raw Materials
4. = Transferred Out (RM used)
(228,000)
Transferred Out
Raw Materials
5. (+) Direct Labor
(152,000)
Transferred Out
Direct Labor
6. (+) Fixed Overhead
300,000
Addition
Overhead
7. (+) Variable Overhead
-
Addition
Overhead
8. = Total Factory Overhead
(390,000)
Transferred Out
Overhead
9. Beginning Balance, January 1
40,000
Beginning Balance
WIP
10. (+) Additions (RM used)
228,000
Addition
WIP
11. (+) Additions (DL used)
152,000
Addition
WIP
12. (+) Additions (OH used)
390,000
Addition
WIP
13. (-) Ending Balance, December 31
55,000
Ending Balance
WIP
14. = Transferred Out (COGM)
(755,000)
Transferred Out
WIP
15.…
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Chapter 16 Solutions
BUSN 11 -INSTRUCTOR'S. EDITION
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