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svetlana [45]
3 years ago
7

A company's beginning Work in Process inventory consisted of 40,000 units that were 90% complete with respect to direct labor. A

total of 110,000 were finished during the period and 45,000 remaining in Work in Process inventory were 50% complete with respect to direct labor at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:
Business
1 answer:
DIA [1.3K]3 years ago
6 0

Answer:

 Using the weighted-average method, the equivalent units of production with regard to direct labor were        132,500    

Explanation:

                                                  Units       % of Completion       EQUP

Completed                              110,000          100                     110,000

Ending Work in

Process

<u> Inventory                                 45,000            50%                22,500</u>

                                                 145,000                                 132,500

  Using the weighted-average method, the equivalent units of production with regard to direct labor were        132,500    

This is the key feature of weighted average method. The number of equivalent units is calculated without making a distinction as to whether the activity occurred in the current accounting period or preceeding period.                                    

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Answer:

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Explanation:

All incurred cost needed to leave the equipment ready for use must be capitalized:

We should incluide

cost 18,300 + 2,800 freight-in cost = 21,100

\frac{Adquisition \: Value- \: Salvage \: Value}{useful \: life}= Depreciation \: coplete \: year

\frac{21,100 - 6,800}{5}= Depreciation \: coplete \: year

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3 years ago
The Banking Act of ______ removed the Secretary of the Treasury and the Comptroller of the Currency from the Federal Reserve's g
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The Banking Act of <u>1935</u> removed the Secretary of the Treasury and the Comptroller of the Currency from the governing board of the Federal Reserve.

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8 0
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Which of the following is the best definition for a monopoly? A. An industry being split among several companies to allow for co
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Marina CMI [18]
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4 years ago
As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is t
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Answer:

a. $5,950

Explanation:

To determine aftertax cashflow for this company in year 1, use the following formula;

First find Net Income;

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NI = (13,000 - 4,000 - 6,000) (1-0.35)

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