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Rama09 [41]
1 year ago
8

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department fol

low:
The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead.
Assume that the company uses the weighted-average method of accounting for units and costs.
(a) Compute the equivalent units for the month for the first department.
Business
1 answer:
Helga [31]1 year ago
4 0

The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.

What is the weighted average ?

  • One of three methods for valuing the stock in your company's inventory is the weighted average cost method, which establishes the average cost of all the products in your inventory based on their individual costs and the quantity of each item that is kept on hand.
  • The weighted average is used by businesses to calculate the amount that goes into inventory and the cost of products sold (COGS).
  • Due to the variety of inventory stock kinds or the same stock items being purchased at various times, a firm may pay varying costs when purchasing pieces of inventory.

Total units transferred = 42000

and, units of ending WIP = 6000(material),  4000(Labor),  4000(overhead)

So,

Equivalent units of production = 48000(material), 46000(Labor),  46000(overhead)

The equivalent units for the month for the first department for material is 48,000 and for labor and overhead 46000.

Learn more about weighted average here:

brainly.com/question/16557719

#SPJ4

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Floribama Clothing has generated $130,000 in sales during the past few months, and it is expected that this level of sales will
Zarrin [17]

Answer:

Explanation

Month.

1. 2. 3

Infows

Bal b/f. (60,060)(42,120)

Sales 50,440. 78000

Sales 50,440. 78,000

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Outflows

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Bal c/d. (60,060 )(42,120)(24180)

8 0
3 years ago
Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charge
pochemuha

The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407)  How a monopolist maximizes profits

How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?

The monopolist will select the profit-maximizing level of output where

                                      MR = MC

and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

How a monopolist maximizes profits

 Because Chuck, a sole commercial airplane operator in small isolated town, has no  competition, he has complete control of market price of air travel in his small tone

 Reduced price → increase in ticket sales

 Monopoly maximizes profit by choosing an amount of profit in which marginal revenue  equals marginal cost (MR= MC)  Since Chuck must reduce his price to sell more units, he has an incentive to sell a  smaller quantity than a perfective competitive company

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3 0
2 years ago
A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years. What is the amount
Alla [95]

Answer:

$18,750

Explanation:

The double declining method of depreciation (DDB) formula is:

DDB= 2 * Cost of the asset * Depreciation rate (DR)

DR= (1/useful life)*100

For this problem:

Value to depreciate: $75,000

DR= (1/4)*100= 25%

DEPRECIATION YEAR 1: DDB= 2 * $75,000*25%= $37,500

Machine´s value year 1: $75,000-$37,500= $37,500

DEPRECIATION YEAR 2: DDB= 2*37,500*25%= $18,750

4 0
3 years ago
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fgiga [73]

Answer:

the amount of financial aid that they offer

Explanation:

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