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irina1246 [14]
3 years ago
14

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ

ction cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2015 are as follows:WIP, beginning inventory 12/1/2015 23,000 unitsDirect materials (100% complete)conversion costs (45% complete)Started in December 76,500 unitsCompleted and transferred out 12/31/2015 72,100 unitsWIP, ending inventory 12/31/2015 19,000 unitsDirect materials (100% complete)Conversion costs (40% complete)Costs for December:WIP, beginning inventory:Direct materials $153,000Conversion costs 77,100Direct materials added 223,400Conversion costs added 294,000Abnormal spoilage totals ________.8400 units4845 units3605 units4025 units
Business
1 answer:
Vikki [24]3 years ago
4 0

Answer:

8,400 units

Explanation:

Abnormal spoilage is amount of units which are wasted or destroyed during production. Units that do not meet the standard can also be a part of abnormal spoilage. To calculate abnormal spoilage we will use formula below;

Abnormal Spoilage units = (Work in process beginning inventory + Units completed and transferred out) - (Units in work in process + Ending inventory units)

Abnormal Spoilage Units = (23,000 + 76,500) - (72,100 + 19,000) = 8,400 units.

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You must pick one of two​ wagers, for an outcome based on flipping a fair coin. 1. You win ​$440 if it comes up heads and lose ​
UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

<u>Wager 1:</u>

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

<u>Wager 2:</u>

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

4 0
3 years ago
Your total cash income is $80,000. You pay $8,000 in taxes and $60,000 in other expenses. Your savings ratio is
inessss [21]
$12,000 if i am correct
4 0
2 years ago
Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 75,000 $1 par c
valkas [14]

Answer:

the total compensation cost is $75,000

Explanation:

The computation of the total compensation cost for this plan is shown below:

Total compensation cost = option granted × fair value of each option

total compensation cost = 75000 × $1

total compensation cost = $75,000

Here to determined the total compensation cost we simply multiplied the option granted with the fair value of each option so that the correct amount could come

Therefore the total compensation cost is $75,000

4 0
3 years ago
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
Anettt [7]

Answer:

0.34

Explanation:

Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:

First step is to calculate the Throughput time using this formula

Throughput time = Process time + inspection time + move time + queue time

Let plug in the formula

Throughput time=6.1+1.5+4.1+6.2

Throughput time=17.9

Now let calculate the MEC using this formula

MEC = process time / throughput time

Let plug in the formula

MEC=6.1/17.9

MEC =0.34

Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34

8 0
2 years ago
The board of directors declared cash dividends totaling $585,000 during the current year. The comparative balance sheet indicate
Lelechka [254]

Answer:

$606,375

Explanation:

The computation of the amount of cash payments to stockholders is shown below:

= Beginning dividend payable  + cash dividend declared - ending dividend payable

= $167,625 + $585,000 - $146,250

= $606,375

We simply added the dividend declared amount and deducted the ending dividend payable to the beginning dividend payable so that the accurate amount can come.

5 0
3 years ago
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