12/9/22, 7:20 PM Question 12 - Week 4 Homework - Connect

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  The following data refers to Huron Corporation for the year 20x2.     Sales revenue $2,106,000  Raw-material inventory, 12/31/x1   90,000  Purchases of raw material in 20x2   731,000  Raw-material inventory, 12/31/x2   59,000  Direct-labor cost incurred   473,000  Selling and administrative expenses   268,000  Indirect labor cost incurred   150,000  Property taxes on factory   91,000  Depreciation on factory building   125,000  Income tax expense   25,000  Indirect material used   46,000  Depreciation on factory equipment   60,000  Insurance on factory and equipment   41,000  Utilities for factory   70,000  Work-in-process inventory, 12/31/x1   0  Work-in-process inventory, 12/31/x2   40,000  Finished-goods inventory, 12/31/x1   35,000  Finished-goods inventory, 12/31/x2   40,000  Applied manufacturing overhead   577,500 

3. Prepare the company’s income statement for 20x2.  

HURON CORPORATION

Income Statement

For the Year Ended December 31, 20X2

$ 0

$ 0

$ 0

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Name

Fall 2022

Template for a Short Essay

Introduction/Presentation/Summary:

In the book/article X author Y states that __________________________________________________. Specifically, author Y argues that the perspective/reading/paradigm she uses offers___________________ _____________________________________________________________________________. As the author herself puts it, “_________________________________________________________________.”

Notice how the sentences move down the Ladder of Abstraction from abstract summary to concrete example of exactly what the author Y says. This is the principle to follow in each of the following sections of the template. If you are at the abstract level, move towards the concrete to give an example; if you are at the concrete level, move to talk about the significance of the example.

Expansion through other voices/Counter argument(s):

Although some people believe _______________________________________________________, author Y insists that ________________________________________.

A more nuanced restatement:

In sum, then, Y’s view is that___________________________________________________________.

Introducing your own perspective:

I [agree/disagree/have mixed feelings]. In my view, the type of perspective/paradigm that the author recommends_________________________________________________________________________. For instance, _________________________________. In addition, _____________________________.

Introducing more nuance by presenting a counterargument to your suggestion:

Some might object, of course, on the grounds that ____________________________________________. And they would be right because __________________________________________________________. Yet I would argue that _________________________________________________________________. My position is further supported by ________________________________________________________.

Significance or what it all adds up to in your analysis:

Overall, then, I believe __________________________________________________________________. This is an important point to make given ____________________________________________________.

12/9/22, 7:20 PM Question 11 - Week 4 Homework - Connect

https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti… 1/1

eBook

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References

11

Part 2 of 3

8.33 points

Week 4 Homework  Help Save & Exit SubmitSaved

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The following data refers to Huron Corporation for the year 20x2.     Sales revenue $2,106,000  Raw-material inventory, 12/31/x1   90,000  Purchases of raw material in 20x2   731,000  Raw-material inventory, 12/31/x2   59,000  Direct-labor cost incurred   473,000  Selling and administrative expenses   268,000  Indirect labor cost incurred   150,000  Property taxes on factory   91,000  Depreciation on factory building   125,000  Income tax expense   25,000  Indirect material used   46,000  Depreciation on factory equipment   60,000  Insurance on factory and equipment   41,000  Utilities for factory   70,000  Work-in-process inventory, 12/31/x1   0  Work-in-process inventory, 12/31/x2   40,000  Finished-goods inventory, 12/31/x1   35,000  Finished-goods inventory, 12/31/x2   40,000  Applied manufacturing overhead   577,500 

2. Prepare the company’s schedule of cost of goods sold for 20x2. The company closes overapplied or underapplied overhead into Cost of Goods Sold.  

HURON CORPORATION

Schedule of Cost of Goods Sold

For the Year Ended December 31, 20X2

Cost of goods available for sale

Cost of goods sold

Adjusted Cost of goods sold

$ 0

0

$ 0

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