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omeli [17]
3 years ago
14

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa

rtment for October: Percent Completed Units Materials Conversion Work in process, October 1 51,000 85 % 55 % Work in process, October 31 32,000 72 % 51 % The department started 392,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Business
1 answer:
kherson [118]3 years ago
5 0

Answer:

EU materials:    434.040‬

EU conversion: 412,632

Explanation:

W/a method count the complete units plus the percnetage of completion in the ending work in process intventory.

Materials:

transferred-out (completed) 411,000

ending WIP inventory

                    32,000 x 72% = 23,040‬

Equivalent untis materials:  434.040‬

Conversion:

transferred-out (completed) 411,000

ending WIP inventory

                    32,000 x 51% =     1,632

Equivalent untis conversion: 412,632

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Answer:

B) ROE is a forward-looking, one-period measure, while business decisions span the past and present

Explanation:

ROE is a forward-looking, one-period measure, while business decisions span the past and present, this statement does not describe a problem with using ROE as a performance measure.

7 0
3 years ago
Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.
kogti [31]

Answer: Please see the required journals below:

Mar. 17:

Debit Allowance for doubtful accounts $1,000

Credit Accounts receivable $1,000

July 29:

Debit Cash $1,000

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Explanation: On March 17, when $275 was received from Shawn and the remaining balance of $1,000 was written off, the allowance for doubtful accounts has to be debited since the company adopts the allowance method of accounting for uncollectible receivables. Note that the allowance account would have the required buffer to take care of this debit. Similarly, when the recovery was made, cash would be debited then the credit would default to income statement.

3 0
3 years ago
Which of the following is an accounting procedure that (1) estimates and reports bad debts expense from credit sales during the
Murljashka [212]

Allowance method of accounting for bad debts .

Option - B

<u>Explanation: </u>

The financial accounting term payments method refers to a system that is unplayable and records a bad debt expenditure estimate in the same period of accounting as the purchase. The deduction is used to adjust the cash flow accounts receivable.

The payment method is a better solution to the direct payment method because it is in line with the matching accounting theory.

Bad debts expenses are recognized soon since bad debts are likely and can be estimated to a fairly precise degree so that they meet the criteria necessary to recognize predicated losses and recognize the costs of bad debts.

7 0
2 years ago
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Alex777 [14]

Answer:

Disaster recovery plan

Explanation:

Disaster recovery plan (DRP), it is a plan or approach which is structured as well as documented, states how the organization or business could resume work after the unplanned incident happen.

It is the vital part of the business as depend on the functioning of IT, it aims to resolve the loss of data and also recover the system functionality so that the could perform well after incident.

So, DRP, could help in recognizing the steps required to restore the failed system in the business.

7 0
3 years ago
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lutik1710 [3]
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The amount of term insurance usually paid at a fixed rate on a limited period of time.
3 0
2 years ago
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