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Sophie [7]
3 years ago
9

Department Y started 675 units during the accounting period. They had a beginning balance in goods in process inventory of 225 u

nits and an ending balance of 150 units. _____ units were completed and transferred out.
a. 750
b. 620
c. 650
d. None of above
Business
1 answer:
Gnoma [55]3 years ago
4 0

Answer:

a. 750

Explanation:

units completed and transferred out = beginning work in process + units started - ending work in progress = 225 units + 675 units - 150 units = 750 units

The number of units completed and transferred out refer to the total number of finished units during a certain period and their cost is referred to as cost of goods manufactured.

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Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
k0ka [10]

Answer:

Wingate Company

1. Contribution format income statement segmented by divisions:

                                               Company        East         Central         West

Sales                                    $ 1,500,000  $350,000  $620,000  $530,000

Variable expenses                   655,500     154,000      241,800    259,700

Contribution margin                 844,500  $196,000   $378,200  $270,300

Traceable fixed expenses        819,000    294,000    329,000     196,000

Non-traceable fixed expenses 110,000

Net operating income (loss) $ (84,500)  $(98,000)    $49,200    $74,300

2. Decrease in net operating loss = $45,200

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales                                    $ 1,500,000

Variable expenses                   655,500

Contribution margin                 844,500

Fixed expenses                       929,000

Net operating income (loss) $ (84,500)

Additional data:

Division                                       East        Central         West

Sales                                   $ 350,000  $ 620,000   $ 530,000

Variable expenses as

 a percentage of sales                44 %           39 %            49 %

Traceable fixed expenses $ 294,000  $ 329,000   $ 196,000

Implementation of the proposal:

Sales for West = $604,200 ($530,000 * 1.14)

Traceable fixed expenses for West = $225,000 ($196,000 + 29,000)

Contribution format income statement segmented by divisions:

                                               Company        East         Central         West

Sales                                    $ 1,574,200  $350,000  $620,000  $604,200

Variable expenses                   655,500     154,000      241,800    259,700

Contribution margin                  918,700  $196,000   $378,200  $344,500

Traceable fixed expenses        848,000   294,000    329,000    225,000

Non-traceable fixed expenses 110,000

Net operating income (loss) $ (39,300)  $(98,000)    $49,200   $119,500

Decrease in net operating loss = $45,200 ($84,500 - 39,300)

5 0
2 years ago
Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
almond37 [142]

Answer:

2500

Explanation:

6 0
3 years ago
Joe is a single, self-employed individual who owns his own business. During 2019, Joe reported $200,000 gross income and $60,000
Soloha48 [4]

Answer:

Adjusted Gross Income =$ 102,000

Explanation:

Gross Income $ 200,000

Business Expenses $ 60000

Gross income earned from your self-employment $140,000

Less alimony to his former spouse $30000

Less Health Insurance Premium $6000

Less Medicine and Doctor fees $ 2000 (Assuming its under Qualified Medical Expenses)

Adjusted Gross Income =$ 102,000

Since mortgage interest relates to personal home, it is not deductiable.

5 0
3 years ago
The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
What factors are not important in determining exchange rate fluctuations in the long​ run?
Ratling [72]
<span>speculating in currency markets</span>
8 0
3 years ago
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