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Butoxors [25]
3 years ago
5

The ending inventory has 83,000 units, which are 100 percent complete for Department R costs. Required: a. Assume that Saline So

lutions used weighted-average process costing and that the cost per equivalent unit for May for materials in Department S is $6.40 and for conversion costs it is $2.40. Prepare a production cost report for Saline Solutions' Department S for the month of May. b. What is the cost of product transferred out of Department S for May
Business
1 answer:
natima [27]3 years ago
4 0

Answer:

Total unit cost                                   $8.80

Total Costs  Transferred out          $730,400  

Explanation:

In Process Costing we find the individual unit costs and total costs transferred by multiplying it with the equivalent no of units.

As the units are 100 percent complete the Equivalent units are 83,000 units for both materials and conversion.

Saline Solutions

Weighted-Average Process

Materials in Department S             $6.40

<u>Conversion costs Department S     $2.40</u>

<u>Total unit cost                                   $8.80</u>

Total No of units 83,000

<u>Total Costs           $8.80</u>

<u>Total Cost  Transferred Out         $730,400  </u>

<u />

Total Costs Transferred to Materials = $ 6.4 * 83,000=$ 531200

Total Costs Transferred to Conversion = $ 2.4 * 83,000=$ 199200

Total Costs Transferred= $ 531200+$ 199200= $ 730400

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Georgia was contacted by the CEO to research if adding a new data center makes sense for the organization from an economic and operational stand point. Georgia agreed to perform "Feasibility Study".

<h3>What is Feasibility Study?</h3>

A feasibility study is an analysis that determines the chance of successfully completing a project by taking into account all pertinent economic, technical, legal, and scheduling issues.

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  • An initial investigation of a prospective project or endeavour to assess its merits and viability is known as a feasibility study.
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There are four main elements that go into a feasibility study-

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2 years ago
A 6 percent, annual coupon bond is currently selling at a premium and matures in 7 years. The bond was originally issued 3 years
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Answer and Explanation:

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Crane Company purchased land as a factory site for $1300000. Crane paid $110000 to tear down two buildings on the land. Salvage
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a. $‭1,420,000‬

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When it comes to fixed assets, all costs that directly helped make the asset available for use are to be capitalized.

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3 years ago
A company pays each of its two office employees each Friday at the rate of $100 per day each for a five-day week that begins on
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<h3>Answer:</h3>

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    Debiting salaries Expense $400 and Crediting Salaries payable $400.

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