How to establish a positive work environment

Department G had 2,040 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,700

Margarita [4]

Answer:

18261

Explanation:

The first key-point will be that materials are applied entirely at the begining of the production so this part of the cost is quite easy:

You have an ending inventory of 1,700 units and then you have a given data of $9 per unit for direct materials so mulitply those to get:

ending inventory $15,300 materials cost

Next part will be to calculate the conversion cost.

First step, will be to calculate the conversion cost for the period,

which is direct labor + factory overhead:

78,600 + 26,200 = 104,800

Remember conversion cost = labor + overhead

Second, calculate the equivalent units:

Here we have the data for completed units so we work it like this

Complete units 12200

(this are finished o they count entirely)

+ ending units x percent of completion 1700 x 20% = 340

(this are units we work during this period)

- beginning units x percent of completion (2040) x 5% = (510)

(this are units we don't work on this period,

they are from the previous month,

so we subtract them)

----------------------------------------------------------------

Equivalent units for conversion cost 12030

Third, we are almost there, we will divide this two to get the value of 1 unit of conversion cost

104,800 conversion cost / 12,030 equivalent units = 8.7115 CC per unit

Fourth, calculate the conversion cost for the ending inventory

conversion cost per unit x equivalent units of ending inventory

8.7115 x 340 = 2961

Last Step, we add the materials cost with the conversion cost

15,300 + 2,961 = 18261 VALUE OF ENDING INVENTORY

3 0

3 years ago

On August 1, Batson Company issued a 60-day note with a face amount of $58,800 to Jergens Company for merchandise inventory. (As

Trava [24]

Answer:

a. $58,800

b. $57,820

Explanation:

Generally, notes are issued on the discounted or face value. It is face value when the price of the note is the same as the face value while it is discounted when the price of the note is lower than the face or par value.

a. Since the note is issued on the face value of $58,800 , it means that the proceed is the same amount. The proceeds from a note that is issued, is that price at which the note is issued.

b. Discount value

= $58,800 × 10% × 60/360

= $980

Proceeds

= Face/par value of the note - Discount value of the note

= $58,800 - $980

= $57,820

5 0

3 years ago

IM WASTING 50 POINTS SO PLEASE ANSWER!

Leto [7]

Answer:

One of the key aspects of choosing the best career is by thinking about yourself. Many people in your life can tell you what you should do, or what they think you’d be good at, but the only person who truly knows which career is best, is yourself.

Start by thinking about your passions and what you’re interested in. If you have a love for writing, a career in construction, for example, may not be the best fit. Instead, you’d look at more creative fields such as journalism, copywriting or even creative writing. Knowing and discovering what you enjoy and feel passionate about will give you a strong start to discovering a career path for you.

I hope this will help you,

God blessed you

4 0

2 years ago

Read 2 more answers

In some cases, it is safe to avoid insurance because it is too expensive. it may not be needed. only one person is at risk. one

Dafna1 [17]

In some cases, it is safe to avoid insurance because it may not be needed.

<h3>What is insurance?</h3>

Insurance is when a third-party promises to indemnify the insured for losses they might suffer in the future in exchange for agreed upon payments.

For example, a person may take a catastrophic insurance. If an earthquake or a flood occurs, the insured would be paid.

To learn more about insurance, please check: brainly.com/question/17548705

#SPJ4

8 0

1 year ago

Read 2 more answers

Following are transactions of ABC, a new company, during the month of January: 1. Issued 10,000 shares of common stock for $15,0

Anettt [7]

Answer:

2 transactions reduced ABC's total assets

Explanation:

First transaction that reduced ABC's total assets was the purchase of of equipment worth $1,200 for cash.This transaction drains cash to the tune of $1,200 since it was settled by a cash outflow of $1,200

The second transaction that negatively the business's total assets was the payment of salaries to employees to the tune of $10,000, this also was a cash outflow of $10,000 from the business .

The issue of shares increased the total assets since it was cash inflow.

The purchase of land implies an increase in asset land and an increase in liabilities notes payable.

The receipt of $14,000 cash increases total assets.

The purchase of office supplies on account did not reduce assets but increases it.

4 0

3 years ago