1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marishachu [46]
2 years ago
8

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D

epartment. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows.Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $70,500 of direct material cost; $34,050 of conversion costs).Units started in May 225,000 Units completed in May 200,000 Work in Process, May 31 (75,000 units, 100% complete for direct materials; 20% complete for conversion costs).Costs incurred in May Direct materials $ 342,000 Conversion costs $ 352,950 If Pitt Enterprises uses the FIFO method of process costing, compute the equivalent units for direct materials and conversion respectively for May.a. 150,000 materials; 150,000 conversion.b. 195,000 materials; 195,000 conversion.c. 275,000 materials; 215,000 conversion.d. 195,000 materials; 225,000 conversion.e. 225,000 materials; 195,000 conversion.
Business
1 answer:
blagie [28]2 years ago
7 0

Answer:

e. 225,000 materials; 195,000 conversion.

Explanation:

direct materials

beginning WIP inventory = 0%*50000

                                          = 0

started and completed = 150000*100%

                                       = 150000

ending WIP inventory = 75000*100%

                                    = 75000

equivalent units = 0 + 150000 + 75000

                           = 225000

conversion

beginning WIP inventory = 50000*60%

                                          = 30000

started and completed = 150000*100%

                                       = 150000

ending WIP inventory = 75000*20%

                                    = 15000

equivalent units = 30000 + 150000 + 15000

                           = 195000

Therefore, The equivalent units for direct materials and conversion respectively for May is $225,000 and $195,000 respectively.

You might be interested in
Bill is the owner of M.E. Inc., which produces miniature internal combustion engines that are used to operate hydraulic systems
Anna11 [10]

Answer:

ME should make the investment because it results in not only higher market share but also a $24,000 increase in profits.

Explanation:

Currently ME's marketing expenditures represent 25% of the industry's marketing expenditures and it matches his market share. Using the competitive parity approach, three additional market share points should cost $120,000 ($40,000 for each point) and should increase gross profits to a total of $1,344,000 ($144,000 increase). The difference between incremental revenue and incremental expenses = $144,000 - $120,000 = $24,000.

4 0
3 years ago
Summarize these two up-and-coming leadership positions in digital media: digital media supervisor and chief digital officer (CDO
Blababa [14]

The big difference between the CIO and the Chief Digital Officer is the responsibility for turning IT into a value creator, which is something that the CIO typically doesn’t have in most organizations.

<h3>How to compare the difference?</h3>

The chief digital officer is the leading digital business from the front in a way that most CIOs aren’t. It should be that most CIOs are not trying to think of new markets, new channels, or new business models that the organization should be getting and making that a top priority. .

The CIO is used to operate much larger operations. The Chief Digital Officers are very multidisciplinary, so they have a lot of different experiences, and they're very comfortable talking with marketing and sales in their language.

They’re very good at talking to the product teams in their language and operations in their language, and executives, and so on. And not to the same degree that we see the CIOs that don’t really talk the language of business .

Learn more about digital media on:

brainly.com/question/25356502

#SPJ1

7 0
1 year ago
Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad
adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0
3 years ago
Complete the Analysis section using formulas with statistical functions. Use named ranges instead of cell references in the form
hram777 [196]

Answer:

The formula for average is =AVERAGE(E15,E16).

The formula for highest is =MAX(F15,F16).

The formula for lowest is =MIN(G15,G16).

Explanation:

In MS Excel, on the left hand side below the tool bar there is a small box which tells the cell name where the cursor is clicked, the name of the cell can be changed from here easily, click on the desired cell and then by clicking on the box you can enter the name of the cell. After a cell is renamed the formula can be written by simply putting the name of the cell instead of the original e.g. E13

The formula for average is =AVERAGE(E15,E16).

The formula for highest is =MAX(F15,F16).

The formula for lowest is =MIN(G15,G16).

The cells provided in the formula above is just an example and more than two cells can be selected.

5 0
3 years ago
If the demand for a product decreases, what is likely to happen?
matrenka [14]
I m pretty sure the product supply would grow then the price would drop
5 0
3 years ago
Other questions:
  • What is a series of future receipts or payments discounted to their value now assuming compound interest called?
    13·1 answer
  • How successful were the redeemers at using the "race card" to promote their agendas?
    6·1 answer
  • On June 25, Easy Repair Service extended an offer of $150,000 for land that had been priced for sale at $171,000. On July 9, Eas
    5·1 answer
  • Due to the decrease in the level of water in the lakes of Chapel Hill, the local government wants to reduce the consumption of t
    8·1 answer
  • a strategy tool that guideline resources allocation on the basis of market share and growth rate of single business units is
    6·1 answer
  • Differentiate between external economics of scale and internal economics of scale of production.​
    10·1 answer
  • What is a safe username?
    6·2 answers
  • When Matt has an income of $2,000, he consumes 30 units of good A and 50 units of good B. After Matt's income increases to $3,00
    6·1 answer
  • Slippery Slopes promised to arrange for a licensed California contractor to "work with" Water Slides Designs on the construction
    12·1 answer
  • when modifying commercial buildings to meet accessibility requirements, owners should focus their attention on these four areas:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!