1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ymorist [56]
3 years ago
15

In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero

work in process. During March, Kelly transferred out 23,980 units. As of March 31, 4,600 units that were 30% complete as to conversion costs and 100% complete as to materials were in ending work in process.
(a) Compute the total units to be accounted for.
Total units
(b) Compute the equivalent units of production.
Materials
Conversion costs
The equivalent units of production
(c) Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.
Business
1 answer:
pochemuha3 years ago
3 0

Answer:

A) the total units to be accounted for = 23,980 + 4,600 = 28,580 units

B) the total material equivalent units = 23,980 finished units + 4,600 = 28,580 units

total conversion equivalent units = 23,980 finished units + (4,600 x 30%) = 23,980 + 1,380 = 25,360

C) cost reconciliation schedule:

Cost accounted to finished goods 23,980 x (12 + 8) = $479,600

Cost of material in process  

material work in process  4,600 x 12 = $55,200  

conversion cost in process  1,380 x 8     = $11,040

<u>                                                                                                  $66,240   </u>

total cost                                                                                 $545,840

You might be interested in
Define ethics, and describe the role that it plays in discretionary decision making. Give an example.
Lerok [7]

Explanation:

Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values ​​and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.

In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.

6 0
3 years ago
Which of these statements is true about professional skills? A. They are only important in jobs that require a college degree. B
grigory [225]
D. They are skills that employers in all lines of work are looking for.
4 0
3 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
miskamm [114]
I think A, but I’m not sure.
5 0
3 years ago
Read 2 more answers
Suppose the government enacts a stimulus program composed of $400 billion of new government spending and $200 billion of tax cut
LUCKY_DIMON [66]

Answer:

thank you for points I will return them to you in 2 days

5 0
3 years ago
Land was acquired in 2021 for a future building site at a cost of $40,000. The assessed valuation for tax purposes is $27,000, a
Aleks [24]

Answer:

The land should be reported in the financial statements at $40,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price

Since in the question, the land was purchased at $40,000 and moreover, it is assessed for the tax purpose for $27,000 and by other appraisers it was valued at $48,000 plus there is an offer of cash payment for $46,000

But at the time of recording, the balance sheet would show at the purchase price i.e $40,000

8 0
3 years ago
Other questions:
  • The following information was reported in the December 31, 2012, financial statements of Southeast Airlines, Inc. (listed alphab
    15·1 answer
  • Identify the examples of interests. Check all that apply
    13·1 answer
  • Why should you include your GPA on your resume?
    7·2 answers
  • Marigold Batteries is a division of Enterprise Corporation. The division manufactures and sells a long-life battery used in a wi
    7·1 answer
  • Is the concentration ratio an accurate measure of the extent of​ competition?
    13·1 answer
  • What are businesses within the
    14·1 answer
  • AN The Mixing Department manager of Malone Company is able to control
    10·1 answer
  • Call to actions are used in ads to...
    14·1 answer
  • Student dorms, nursing homes, and on-campus fraternity houses are considered...? Public housing Temporary housing Mixed-use hous
    13·1 answer
  • Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!