Answer:
The total cost of the department’s ending work in process inventory is $684,000
Explanation:
The computation of the total cost is shown below:
= Material cost + conversion cost
where,
Material cost = (Transferred units + ending work in progress) × material cost per unit
= (68,000 units + 12,000 units) × $4
= $320,000
Conversion cost = (Transferred units + ending work in progress × percentage of completion) × material cost per unit
= (68,000 units + 12,000 units × 40%) × $5
= $364,000
Now put these values to the above formula
So, the value would equal to
= $32,000 + $364,000
= $684,000
Answer:
what is it how to do plz tell
Answer:
Predetermined manufacturing overhead rate= $1.961 per direct material dollar
Explanation:
Giving the following information:
At the beginning of a year, a company predicts total direct materials costs of $1,020,000 and total overhead costs of $1,220,000.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,220,000/1,020,000
Predetermined manufacturing overhead rate= $1.961 per direct material dollar
Answer:
Management Information Systems
Explanation:
Watches, an online watch store, recently adopted a new enterprise resource planning (ERP) system to help keep track of the company's inventory and to deliver customers' orders on time. The company's adoption of the new ERP system reflects a change in the area of <u>Management Information Systems.</u>
Companies use the knowledge of Information Systems to streamline company operations and manage various systems <u>to better serve their clients.</u>