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Eva8 [605]
2 years ago
7

3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total fo

r May.
Business
1 answer:
iogann1982 [59]2 years ago
8 0

The first production department's cost of ending work in process inventory for materials, conversion, and in total for May is:

Cost Account For    

Complete  262,400   0.97   254,528  

<h3>Calculations and Parameters</h3>

Given:

Opening Units 51000

Started              242400

Complete          293400

Transferred         -262400

Closing                  31000

The complete text contains the production table and the first production cost is given above.

Read more about inventory here:

brainly.com/question/14861232

#SPJ1

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Best Brands Appliance Mart is getting ready for its annual Labor Day sale. There are two Best Brands stores, one in midtown Manh
jasenka [17]

Answer:

Explanation:

From the given information:

Assuming we represent x to be the tablets sent from Brooklyn to Manhattan

Thus, (500 - x) to be the tablets sent from Baldwin to Manhattan

Also, suppose we represent y to be the tablets sent from Brooklyn to Amityville

It implies that (400 - x) to be the tablets sent from Baldwin to Amityville

∴

x ≥ 0 ; y ≥ 0  

⇒   500 - x ≥ 0  & 400 - y ≥ 0

The Shipping cost Z = 1(x) + 2(500-x) + 2(y) + 4(400-y)

Z = x + 1000 - 2x + 2y + 1600 - 4y

Z = x -2y + 2600

To minimize the shipping cost:

\left \{ 500-x \geq 0  \ \implies \   x\leq 500}} \atop {400-y \geq 0  \ \implies \   y\leq 400}} \right.

Thus, by replacing the coordinate values (x,y) into Z, we have:

Point    Coordinates(x,y)    Value of Z (shipping cost)

0             (0,0)                             0

A             (0,400)                     1800

B             (500,400)                 1300

C             (500,0)                      2100

Hence, the minimum cost is 1300.

x = 500 units   and  y = 400 units

5 0
3 years ago
Colombo Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beg
LekaFEV [45]

Answer:

A debit to pension expense for  $10,000

Explanation:

Journal Entry for pension expenses:

Explanation                     Debit             Credit

Pension Expense            $10,000

       Cash                                             $10,000

(To record pension expenses)

Pension expenses for the year ended is comprised of the following components of pension cost.

Service Cost              14,000

Interest cost               6,000

Expected return on   (10,000)

plan assets               _______

Pension expenses  <u>  $10,000</u>

3 0
3 years ago
A study was done to determine the average commute time per week to and from class for an spc student attending a lecture class.
Blababa [14]

All SPC students who attend lecture classes

6 0
3 years ago
Milden Company is a merchandiser that plans to sell 43,000 units during the next quarter at a selling price of $60 per unit. The
netineya [11]

Answer:

1. Contribution format income statement for the next quarter.

Sales (43,000 units ×  $60 )                                           $2,580,000

<em>Less Variable Costs</em>

Cost of Goods Sold ( 43,000 units ×  $31 )                   ($1,333,000)

Sales commissions (6% × 43,000 units ×  $60)               ($154,800)

Shipping expense ( $4.00 × 43,000 units)                      ($172,000)

Contribution                                                                       $920,000

<em>Less Fixed Costs </em>

Advertising expense                               $187,000

Shipping expense                                    $45,000

Administrative salaries                             $97,000

Insurance expense                                    $10,700

Depreciation expense                              $67,000        ($406,700)

Net Income/ (Loss)                                                            $513,300

2. Traditional format income statement for the next quarter.

Sales (43,000 units ×  $60 )                                           $2,580,000

<em>Less  </em>Cost of Goods Sold ( 43,000 units ×  $31 )         ($1,333,000)

Gross Profit                                                                      $1,247,000

<em>Less Expenses </em>

Advertising expense                               $187,000

Shipping Expense :

   Variable Shipping expense                $172,000

   Fixed Shipping expense                      $45,000

Administrative salaries                             $97,000

Insurance expense                                    $10,700

Sales commissions                                  $154,800

Depreciation expense                              $67,000        ($733,500)

Net Profit / (Loss)                                                              $513,500

Explanation:

The contribution format income statement shows the Contribution instead of Gross Profit. Contribution is calculated as Sales less all Variable Costs.

The traditional format income statement shows the Gross Profit instead of Contribution. Gross Profit is calculated as Sales less Cost of Goods Sold.

5 0
3 years ago
Economic fluctuations are
LekaFEV [45]
Economic fluctuations<span> are simply </span>fluctuations<span> in the level of the national income of a country representing growth or contraction. A market </span>economy<span> is not static. It's dynamic. A rise in national income means an </span>economy<span> is growing, while a decline in national income means that an </span>economy<span> is contracting.

Hope this helps!</span>
5 0
3 years ago
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