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Question 1 of 4 -/25 Current Attempt in Progress Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes to satisty its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products. Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO). Working with him from the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company. The factory itself is managed by Todd Senter who hires his line managers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines. The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's products. There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing areas she oversees 10 well-trained salespeople, oject Question 1 of 4 -/25 The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products. Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO). Working with him fror the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company. The factory itself is managed by Todd Senter who hires his line managers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the Fix local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's products. There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople. The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president, she is a member of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records A partial list of Waterways accounts and their balances for the month of November tollows. e Register My Shelf X BUGN 28 X PitchVant X CW #6 VHL y.com/was/ui/v2/assessment-player/index.html?launchid=9cfea6e4-1837-4185-a101-3d9ae0a097d2# lect Question 1 of 4 A partial list of Waterways' accounts and their balances for the month of November follows. Accounts Receivable $275,100 Advertising Expenses 53,600 Cash 258,800 16,900 2,400 42,100 16,700 10,100 68,200 Depreciation-Factory Equipment Depreciation Office Equipment Direct Labor Factory Supplies Used Factory Utilities Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November 30 Raw Materials Inventory, October 31 71.900 47.900 1.600 71.700 41.400 52.100 38,000 Raw Materials Purchases 184,600 Finished Goods Inventory, October 31 71,900 Indirect Labor 47,900 Office Supplies Expense 1,600 Other Administrative Expenses 71,700 Prepaid Expenses 41,400 Raw Materials Inventory, November 30 52,100 Raw Materials Inventory, October 31 38,000 Raw Materials Purchases 184,600 Rent-Factory Equipment 47,300 Repairs-Factory Equipment 4,400 Salaries 322,200 Sales Revenue 1,361,200 Sales Commissions 40,400 Work In Process Inventory October 31 53,200 Work In Process Inventory, November 30 42,300 BUCA P OCH V. M- place-1837-4785-0100 GO Com tion 1 of 4 WATERWAYS CORPORATION Cost of Good Manufactured Schedule Get 3 7 99 1 0 E R T Y U o P S D F. G H J L X C V B N M 3 CORVI stion 1 of 4 -/25 Factory Utilities Depreciation Factory Equipment V Rent-Factory Equipment Total Manufacturing Costs Total Cost of Work in Process Milo Less: Work in Process Inventory, November 30 Cost of Goods Manufactured e Textbook and Media List of Accounts