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3 years ago

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Find Quizmo, the InQuizitive alien, in the upper left-hand corner of the screen. Quizmo is thinking of an African animal’s commo

n name. Guess the animal.

1 answer:

Semenov [28]3 years ago

5 0

Answerllllllllllllll:

Explanation:

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The fed currently focuses monetary policy on the

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The fed currently focuses monetary policy on the ; Federal funds rate

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3 years ago

Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, m

DanielleElmas [232]

Answer:

Bavarian Chocolate Company

Blending Department

1. Cost of Production Report:

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

(See the workings of this report below.)

2. Change in direct materials cost per equivalent unit

Increase or Decrease

Materials Conversion

September $16.50 $6.005

October $16.51 $5.99

Amount $0.01 $0.015

Increase Decrease

Explanation:

a) Data and Calculations:

partial work in process account of the Blending Department at October 31, 2014:

Date Item Debit Credit Balance

Oct.1 Bal., 2,300 units, 3/5 completed 46,368

31 Direct materials, 26,000 units 429,000 475,368

31 Direct labor 100,560 575,928

31 Factory overhead 48,480 624,408

31 Goods transferred, 25,700 units 578,378 46,030

31 Bal., 2,600 units, 1/5 completed 46,030

Ending units in process:

Beginning units in process 2,300

Direct materials 26,000

Units available for production 28,300

Units transferred out 25,700

Ending units in process 2,600

Equivalent units of production: Materials Conversion

Units started and completed = 25,700 25,700 25,700

Ending WIP 2,600 2,600 520 (1/5 * 2,600)

Equivalent units produced 28,300 26,220

Cost per unit of direct materials = $429,000/26,000 = $16.50

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $466,950 $157,458

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.50 $6.005

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,050 $154,328 $578,378

Ending WIP (2,600/520) 42,900 3,130 46,030

Total $466,950 $157,458 $624,408

2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October.

Cost of production: Materials Conversion Total

Beginning WIP $38,295 $8,073 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $467,295 $157,113 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $467,295 $157,113

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.51 $5.99

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,307 $153,943 $578,250

Ending WIP (2,600/520) 42,926 3,115 46,041

Total $467,233 $157,058 $624,291

5 0

3 years ago

What colur is my hair

sdas [7]

Strawberry blonde, dirty blonde, brown/light brown

6 0

3 years ago

Nonquantitative methods to forecast the future need for employees, usually based on the knowledge of a pool of experts in a subj

AlexFokin [52]

Nonquantitative methods to forecast the future need for employees, usually based on the knowledge of a pool of experts in a subject or an industry, is called QUALITAIVE FORECASTING in human resource forecasting.

Explanation:

Qualitative forecasting is an estimation methodology that uses expert judgment, rather than numerical analysis. This type of forecasting relies upon the knowledge of highly experienced employees and consultants to provide insights into future outcomes.
It is a statistical technique to make predictions about the future which uses numerical measures and prior effects to predict future events. These techniques are based on models of mathematics and in nature are mostly objective. They are highly dependent on mathematical calculations.
Qualitative forecasting is useful when there is ambiguous or inadequate data.
Qualitative forecasting is most useful in situations where it is suspected that future results will depart markedly from results in prior periods, and which therefore cannot be predicted by quantitative means.

3 0

3 years ago

Given the following data for particular inventory item:

aleksklad [387]

Answer:

1.The economic order quantity for this item is 2000 units.

2.The reorder point is 1500 units.

3. Average inventory level is 1250 units.

4.The average weekly ordering cost is $13.33.

5.The weekly carrying cost is $5.

6.The average weekly total cost excluding the cost of the inventory item is $18.33.

7.The average weekly total cost including the cost of the inventory item is $268.33.

8. The reorder point if safety stock is kept at 250 units is 1750 units.

Explanation:

1.<u>The economic order quantity (EOQ) for this item can be computed using the following formula:</u>

EOQ=√[(2 × Demand × Ordering costs) ÷ Carrying costs]

EOQ=√[(2 × 500 × 40) ÷ 0.01]

EOQ=√4,000,000 = 2,000 units.

<u>2.The reorder point can be computed using the following formula:</u>

Reorder point= Average lead time × Average units usage

Reorder point= 3 × 500.

Reorder point= 1,500 units.

<u>3. The average inventory level can be computed using the following formula;</u>

The average inventory level = (Beginning Inventory + Ending Inventory)/2.

The average inventory level = (2,000 + 500)/2.

The average inventory level = 1250 units.

<u>4.The average weekly ordering cost can be computed using the following formula:</u>

The average weekly ordering cost = Ordering cost per order/order lead time

The average weekly ordering cost = 40/3

The average weekly ordering cost = $13.33.

5<u>.The weekly carrying cost can be computed using the following formula:</u>

The weekly carrying cost = Carrying cost per unit × Inventory for the week.

The weekly carrying cost = 0.01 × 500.

The weekly carrying cost = $5.

<u>6.The average weekly total cost excluding the cost of the inventory item can be computed using the following formula:</u>

Relevant cost to be considered is ordering cost and carrying costs.

The average weekly total cost excluding the cost of the inventory item = weekly Ordering costs + weekly Carrying costs.

The average weekly total cost excluding the cost of the inventory item = (40 / 30) + (0.01 × 500)

The average weekly total cost excluding the cost of the inventory item = 13.33 + 5.

The average weekly total cost excluding the cost of the inventory item = $18.33.

<u>7.The average weekly total cost including the cost of the inventory item can be computed using the following formula:</u>

The average weekly total cost including the cost of the inventory item = Weekly ordering cost + Weekly carrying costs + Weekly inventory cost

NB: The weekly inventory costs can be obtained by multiplying the unit price by the number of units demanded every week.

The average weekly total cost including the cost of the inventory item = (40/3) + (0.01 × 500) + (0.50 × 500)

The average weekly total cost including the cost of the inventory item = 13.33 + 5 + 250

The average weekly total cost including the cost of the inventory item = $268.33.

<u>8. The reorder point if safety stock is kept at 250 units can be computed using the following formula:</u>

The reorder point inclusive of a safety stock = (Average sale × lead time) + Safety stock

The reorder point inclusive of a safety stock = (500 × 3) + 250

The reorder point inclusive of a safety stock = 1500 + 250

The reorder point inclusive of a safety stock = 1750 units.

5 0

3 years ago