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prohojiy [21]
3 years ago
15

Coachlight Inc. has a periodic inventory system. The company purchased 205 units of inventory at $9.50 per unit and 310 units at

$10.50 per unit. What is the weighted average unit cost for these purchases of inventory? (Round your final answer to two decimal places.)
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer:

Weighted average cost per unit = $10.10

Explanation:

We know,

Under weighted average unit cost, the cost for purchased inventory = Total inventory costs ÷ total inventory in units

Given,

Total inventory in units = 205 + 310 = 515 units

Total inventory costs = (205 units × $9.50) + (310 units × $10.50)

= $1,947.50 + $3,255 = $5,202.50

Therefore,

Weighted average cost per unit = $5,202.50 ÷ 515 units

Weighted average cost per unit = $10.10

Therefore, the company will use this cost per unit to determine cost of goods sold and ending inventory.

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Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams est
exis [7]

Answer:

$364,980

Explanation:

Computation for the amount of under- or overapplied overhead for the year.

First step is to calculate the

Predetermined Overhead using this formula

Predetermined Overhead rate = Estimated overhead/direct labor estimated

Let plug in the formula

Predetermined Overhead rate= 358,900/227,000

Predetermined Overhead rate= 158% of direct labor cost

Now let determine the Overhead applied

Overhead applied = $231,000*158%

Overhead applied= $364,980

Therefore the amount of under- or overapplied overhead for the year is $364,980

4 0
3 years ago
Can the government require a company to recall a product if they believe it is harmful to consumers?
Ymorist [56]

Answer:

A.Yes. They have the power to remove it if they believe it’s harmful.

Explanation:

When the government have reasons to believe that a product is potentially harmful to consumers and or buyers, they have the right to require a company to recall a product, if they believe it is harmful to consumers, because it is then the governments responsibility to protect the public.

3 0
3 years ago
Connie works in the Human Resource department of a company and is
GenaCL600 [577]

Answer:

Explanation:

A This scenario describes a payroll fraud ; This is a form of fraud where an employee or an employer manipulates the payroll system in order to fraudulently receive an un earned wages.

B The employees that Connie was paying to their account that she controls are called Ghost employees. These are fictitious person  put on a payroll for fraud purposes.

C The fact that it took the company 5 years to discover the fraudulent practice indicates a weak internal control environment

D

  1. Some of the actions that the company failed to do are
  2. No proper authorization in place before employees are added to payroll
  3. No segregation of duties as Connies appears to have been the person that add employees to payroll , approve and also disburse salary
  4. There has been no headcount of employees for a long time
  5. The entire payroll system has not been audited and reviewed for a long time

8 0
3 years ago
suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inef
Ket [755]

Answer:

hatdog mo maliit

Explanation:

AHAHAHHAHAHA

6 0
2 years ago
The financial statements of Seldin, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivab
Anastasy [175]

Answer:

a. $133,000

Explanation:

Computation of inventory purchased  

Beginning                                   ($51,000)

Cost of goods sold                     $130,000

Ending                                         $55,000

Purchases during the year       $134,000

Computation of amount paid for purchases    

Beginning payable                                                   $32,000

Purchase during the year                                        $134,000

Ending payable                                                        ($33,000)

Cash payments for purchases of merchandise   $133,000

4 0
3 years ago
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