Entries for materials genx furnishings company manufactures designer furniture. genx furnishings uses a job order cost system. balances on june 1 from the materials ledger are as follows: fabric $40,500 polyester filling 28,600 lumber 62,400 glue 6,550 the materials purchased during june are summarized from the receiving reports as follows: fabric $440,000 polyester filling 180,000 lumber 360,000 glue 40,000 materials were requisitioned to individual jobs as follows: fabric polyester filling lumber glue total job 601 $205,000 $75,000 $120,000 $400,000 job 602 110,000 36,000 88,000 234,000 job 603 130,000 55,000 125,000 310,000 factory overhead-indirect materials $34,800 34,800 total $445,000 $166,000 $333,000 $34,800 $978,800 the glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. journalize the entry to record the purchase of materials in june.

What cylinder head operation is the technician performing in this figure?

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.