When initiating communication in a business environment, the first step is to:

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The follow

Amiraneli [1.4K]

Answer:

b.$4.43.

Explanation:

Cost Units

Beginning inventory:

direct materials, $54,760; 9270

Costs incurred during the month:

direct materials, $470,000 102,000

Total $ 524 760 118,200

Equivalent Unit Costs= $ 524760/118 ,200= $ 4.43

As FIFO method is used first the beginning inventory and started units will be accounted for.

<u>Working</u>

Units

Work in process, November 1st 16,200

Started in production during November 10 2,000

Work in process, November 30th 24,200

The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs.

Beginning Inventory Units

Materials 16,200 (60 %) 9720

Conversion Costs 16,200 (20% ) 3240

The ending inventory was 90% complete as to materials and 40% complete as to conversion costs.

Materials 24,200 (90 %) 21780

Conversion Costs 24,200 (40% ) 9680

Beginning inventory: direct materials, $54,760; direct labor, $20,520; manufacturing overhead, $15,440.

Costs incurred during the month: direct materials, $470,000; direct labor, $184,880; manufacturing overhead, $393,160.

4 0

4 years ago

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr

MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

Learn more about allocation base here

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3 0

2 years ago

what is the book value and market value if it was liquidated to day i would receive 7.65 million in cash after paying 9.5 millio

kodGreya [7K]

Answer:

The market value of capital would be 11.15 million

Explanation:

Book value of an asset is the value at which the asset and liabilities are currently reflecting in the balance sheet of a firm. The market value is the value at which these assets and liabilities are currently valued as per present market rates. For example : Land value normally appreciates over time and eventhough it is purchased at say $100.000/-, its present value market valuation rate could be $300,000/-. This is the difference between a book value and market value.

In this case, on sale of current assets, a profit of 13 million would be made. Out of this, 9.5 million current liability is paid. Remaining is 3.5 million. Cash received after paying current liabilities is 7.65 million. Hence adding 3.5million+7.65million = 11.15million is the market value of capital which was originally 8.5 million.

Book Value Market Value Difference

Capital 8.5 11.15

Current Liability 9.5 9.5

Current Asset 22 35 13

Paid for CL 9.5

Remaining value 3.5

Cash Recd 7.65

Mkt value of capital 11.15

(3.5+7.65)

4 0

3 years ago

The Hendersons have just bought a home that requires some monthly yard maintenance. They are trying to decide if they should hir

max2010maxim [7]

Answer: 10 months

Explanation:

It would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

Here is how;

Doing it themselves would cost -

$250 - For a lawnmower

$135 - For an edger

$69 - For a hedge trimmer

$25 - For a rake

Summing these up gives $479

It would cost the Hendersons $479 to purchase equipments to carry out their monthly yard maintenance themselves.

On the other hand, if they were to hire a professional service, it would cost

• $75 for the first month and

• $45 for subsequent months

So, $45 * 9months = $405

$405 + $75 (for the initial month) = $480

Comparing the $480 for a professional to the $479 it would cost to purchase equipment and do it themselves, it would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

5 0

4 years ago

Read 2 more answers

In a two-stage activity-based costing model, stage one involves Select one: A. assigning direct costs to cost objects. B. assign

LekaFEV [45]

Answer:

The correct answer is letter "B": assigning indirect resource costs to activity pools.

Explanation:

Activity-based costing or ABC is a managerial accounting method that assigns indirect costs to the products which incur the bulk of those costs. In the manufacturing sector, ABC is mainly used to help measure the true cost of output per unit.

<em>The two-step ABC approach involves assigning indirect costs of support departments -e.g., maintenance, quality control- to pools of production departments in the first step. In the second step, activity costs are combined with the indirect costs and overhead rates are added.</em>

5 0

3 years ago