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USPshnik [31]
3 years ago
13

For the Mixing Department, unit materials cost is $8 and unit conversion cost is $12. If materials are added at the beginning of

the process and there are 6,000 units in the ending work-in process which are 75% complete as to conversion costs, what are the costs that should be assigned to the ending work-in process inventory?
Business
1 answer:
VladimirAG [237]3 years ago
5 0

Answer:

The costs that should be assigned to the ending work-in process inventory is $102,000.

Explanation:

the costs that should be assigned to the ending work-in-process inventory = $8×6000 + 0.75×$12×6000

               = $102000

Therefore, the costs that should be assigned to the ending work-in process inventory is $102,000.

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Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating workin
Alex

Answer:

It is e $990

Explanation:

Notice it is asking for net operating working capital, not just working capital.

Cash + Account Receivable  + inventory - accurals expenses - Account payable = net operating working capital

100 + 650+ 550         -    110      -   200                  =

       1300                      -             310                          =   990

While working capital is current assets - current liabilities

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3 years ago
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Why would a company choose to outsource? what are the advantages and disadvantages to outsourcing?
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A company would likely outsource service or manufacturing to reduce service or production costs; this is why a majority of consumer products are made in east Asian countries, as they have very low manufacturing and labor costs. However, these cheap goods and services tend to have lower quality and/or performance when compared to their domestic, higher-priced counterparts. In short, outsourcing is generally used to cut costs, but the quality of goods or services typically suffers to some degree. 
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Bethany works for an international accounting firm noted for its superior quality of work. Employees check and double-check thei
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The culture of this firm emphasises <u>Attention to Detail</u>

<u>Explanation:</u>

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You have that aptitude, so you gladly express extraordinary scrupulousness as one of the advantages on your resume.

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8 0
3 years ago
Suppose your elasticity of demand for your parking lot spaces is –2, and price is $8 per day. if your mc is zero, and your capac
marshall27 [118]
The answer to the question above is "no, the business is not optimizing" according to the information shown on the question above. In this situation, we have the greater marginal revenue (4=8*(1-1/2)) than the marginal cost (0)and the business is not in its full capacity. The parking lot business can increase its marginal cost to achieve its full capacity to gain more profit.
7 0
3 years ago
Aspen Company estimates its manufacturing overhead to be $515,000 and its direct labor costs to be $515,000 for year 2. Aspen wo
Step2247 [10]

Answer:

COGS    3807 debit

FG          7896 debit

WIP         2397 debit

  Factory Overhead  14,100 credit

--to record the underapplication of overhead--

Explanation:

overhead rate:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

$515,000 overhead /  515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 =   221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 =   139,400 overhead in WIP inventory

Total applied  820,000

Actual            805,900

Underapplied    14,100

Now we weight each concept and determiante the portion underapplocated in each concept

\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]

4 0
3 years ago
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