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Tpy6a [65]
3 years ago
5

Use this information about Department A to answer the question that follow. Department A had 4,200 units in Work in Process that

were 76% completed as to labor and overhead at the beginning of the period. 31,400 units of direct materials were added during the period, 33,100 units were completed during the period, and 2,500 units were 29% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was
Business
1 answer:
poizon [28]3 years ago
8 0

Answer:

30,633 units

Explanation:

The number of equivalent units of production for conversion costs for the period using the FIFO method is shown below:

= Beginning work in process units  × remaining percentage + units started and completed units × percentage of completion   + ending work in process inventory units × percentage of completion

= 4,200 units × 24% + 28,900 units  × 100%   + 2,500 units × 29%

= 1,008 units + 28,900 units + 725 units

= 30,633 units

The units started and completed units are come from

= 33,100 units - 4,200 units

= 28,900 units

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The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative i
belka [17]

Answer:

differential cost

Explanation:

When you are elaborating a differential cost analysis between two alternative projects or actions, you are looking for the difference in total costs between both alternatives.

For example, you might elaborate a cost analysis to decide whether to continue or stop the production of a certain good. What are the costs associated with stopping the production versus thee profitability of continuing the production.

5 0
3 years ago
Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at
mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable:  No it is not closed to income summary account.

b. Advertising Expense:  Yes it is  closed to income summary account.

c. Cost of Merchandise Sold: Yes it is  closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is  closed to income summary account

f. Sales Yes it is  closed to income summary account

g. Supplies:  No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is  closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

8 0
4 years ago
Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a
jasenka [17]

Answer:

Return on investment will be 9.38 %

So option (c) will be correct option

Explanation:

We have given purchase price = $60

Dividend received = $0.63

Selling price = $65

We have to find the return on investment

We know that return on investment is given by

Return in investment =\frac{selling\ price-purchase\ price+dividend\ received]}{purchase\ price}=\frac{65-60+0.63}{60}=0.0938=9.383 %

So return on investment will be 9.38 %

So option (c) is the correct option

5 0
3 years ago
Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,665 $28,579 April 11,461
mario62 [17]

Answer:

<em>$0.48 per client-visit; $22,856 per month</em>

Explanation:

Where,

y2 is the total cost at highest level of activity;                                                                       y1 is the total cost at lowest level of activity;                                                                      x2 are the number of units/labor hours etc. at highest level of activity; and                           x1 are the number of units/labor hours etc. at lowest level of activity

<em>Variable Cost per Unit </em>

= (28,904 -28,227) / (12,600-11,199)

= $0.48

<em> Total Fixed Cost </em>

= y2 ? bx2

= 28,904 - $0.48 * 12600

= $22,856.00

3 0
3 years ago
Read 2 more answers
The blurring of the lines separating the subsets of the financial industry started in the:
siniylev [52]
<span>The blurring of the lines separating the subsets of the financial industry started in the 1950s. 
</span>The products and services in 1950 were primarily loans, deposits, payment services, savings products, fiduciary services. By 2010, products and services further expanded to include <span>Off-Balance Sheet activities, f</span><span>inancial guarantees,</span><span>derivatives.</span>
7 0
3 years ago
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