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Oksi-84 [34.3K]
3 years ago
12

Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in it

s Painting Department consisted of 2,700 units that were 60% complete with respect to materials and 40% complete with respect to conversion costs. The cost of the beginning work in process inventory in the department was recorded as $9,500. During the period, 8,700 units were completed and transferred on to the next department. The costs per equivalent unit for the period were $4.70 for material and $5.70 for conversion costs. The cost of units transferred out during the month was:
Business
1 answer:
Marina86 [1]3 years ago
7 0

Answer:

The cost of units transferred out during the month was:$ 99980

Explanation:

Mundes Corporation

Current Costs Added

Units Transferred  Costs $ 90480

Materials =8700 * $ 4.7= $ 40890

Conversion= 8700* $5.70= $ 49590

Costs from Preceding Department (WIP beginning Inventory)= $ 9500

Total Costs= Costs Added + Costs from Preceding Department

                  = $ 90480+ $ 9500= $ 99980

The Costs of units transferred out is $ 99980

The current costs are added to the preceding costs to get the total costs of the units transferred out.

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On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year
Scrat [10]

Answer:

correct option is b. $450,000

Explanation:

given data

capitalized software costs = $600,000

expected total sales = 10%

sale = 4 year

net realizable value = $480,000

solution

we get here net capitalized cost of computer software that is express as

net capitalized cost of computer software =  Year 1 balance - Year 2 amortization .................1

here

Year 2 amortization is

Year 2 amortization = capitalized software costs ÷ total projected sale .......2

Year 2 amortization = \frac{600000}{4}  

Year 2 amortization = $150,000

so here

Year 2 net capitalized cost is = $600,000 - $150,000

Year 2 net capitalized cost is  $450000

so correct option is b. $450,000

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3 years ago
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wariber [46]

Answer: Housing, Food, Bills, Transportation

Explanation: common sense my guy

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Among foragers the status of women declines when they provide most of the food. men and women are equal; there is no gender ineq
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Answer:

Whats the question??

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3 years ago
If it costs $75,000 to put on an event and total revenue is $135,000, what is the profit as a percentage of revenue?
Nuetrik [128]

Answer:

44.44%

Explanation:

Profit is obtained by subtracting cost from revenue.

I,e.,

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In this case,

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A(n) __________ contract is a contract in which one or both parties has the ability to either withdraw from or enforce the contr
Lera25 [3.4K]

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Voidable Contract

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Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

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