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enyata [817]
2 years ago
5

Alpha Company uses a process cost system. During 2017, Alpha had no beginning work in process inventory. During 2017, Alpha star

ted 700 units. Alpha had 200 units in work in process at the end of 2017. These units were 50% complete with respect to materials. Use this information to determine the equivalent units for direct materials. (Round & enter final answers to nearest whole number of units)
Business
1 answer:
kumpel [21]2 years ago
3 0

Answer:

The equivalent units for direct materials is 800 units

Explanation:

The following information is giving in the question which is shown below:

1. Starting units = 700 units

2. Ending Work in progress = 200 units

3.Material = 50% of Ending WIP

                 = 100 units

By using these information, the equivalent units for direct materials is shown below:

= Starting units + units of Material

= 700 + 100

= 800 units

Thus, the equivalent units for direct materials is 800 units.

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Which of the following organizations is a discrete manufacturer? a. A pharmaceutical company in Arizona that manufactures skin c
S_A_V [24]

Answer: is Option D.  <em>A plane turbine manufacturing company in South Africa</em>

<em />

Explanation:

Discrete manufacturing is the production of distinguishable items that can be decayed back into their basic parts. <u><em>For example</em></u><em>:</em> Automobiles, airplanes, furniture, and toys are the examples of discrete manufacturing products.

For industrial purpose the discrete manufacturing contains production of consumer electronics, appliances, computer and related accessories, as well as many other household items. Production of cars and airplanes also falls under discrete manufacturing products. Discrete manufacturing companies manufactures physical items that go straight to the consumers and businesses.

7 0
2 years ago
Flint Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $254,800. It later resold
Marizza181 [45]

Answer:

The journal entries are as follows:

(i) Cash A/c(1,825 × $52) Dr. $94,900

      To Treasury stock(1,825 × $49)            $89,425                      

      To paid in capital from Treasury stock(1,825 × $3)  $5,475

(To record the purchase at $52)

(ii) Cash A/c(1,825 × $47) Dr. $85,775

    paid in capital from Treasury stock(1,825 × $2) A/c Dr.  $3,650

              To Treasury stock(1,825 × $49)    $89,425

(To record the purchase at $47)

(iii) Cash A/c(1,550 × $41) Dr. $63,550

    paid in capital from Treasury stock A/c Dr. $1,825

    Retained earnings A/c (1,550 × $8) Dr. $10,575  

                   To Treasury stock(1,550 × $49)    $75,950

(To record the purchase at $41)                      

3 0
3 years ago
Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.
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Answer:The minimum amount is the price that will give a profit of $3700

Explanation:

The minimum amount the company should accept for product X if it's to be sold at the split off point it's maximum amount they will earn as profit if they sales after further procession.

The total cost the company will incur if they process further it's the cost they incurred at the split off point and at further procession which equals ($16,800+$15,000) =$31,800

On sales after procession they will earn a price of $35500 which means a profit of $3700 this means the firm should sale product X at spilt off point for a price that will bring a minimum profit of $3700.

6 0
3 years ago
Brian lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t
umka21 [38]

Answer:

Brian

1. Implicit and Explicit Costs:

Implicit costs:

The rental income Brian could receive if he chose to rent out his showroom

The salary Brian could earn if he worked as a financial advisor

Explicit costs:

The wages and utility bills that Brian pays

The wholesale cost for the pianos that Brian pays the manufacturer

2. Brian's accounting and economic profit of his piano business:

Accounting profit = $62,000

Economic profit (loss) = ($3,000)

Explanation:

a) Data and Calculations:

                               Accounting Profit     Economic Profit

Sales Revenue            $793,000                $793,000

Cost of pianos              430,000                   430,000

Wages and utility bills   301,000                    301,000

Implicit (Opportunity) Costs:

Rent                                                                   15,000

Salary as an accountant                                  50,000

Total costs                    731,000                    796,000

Profit (loss)                  $62,000                     ($3,000)

b) Implicit costs are opportunity costs.  They include the costs that arise from forgone benefits when another opportunity is taken instead of the other.  Explicit costs are costs that are actually incurred by taking an opportunity.

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