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S_A_V [24]
3 years ago
13

Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces

s costing, appear below:
Materials Conversion
Equivalent units in ending work in process inventory 2,080 930
Cost per equivalent unit $15.66 $6.23

A total of 21,700 units were completed and transferred to the next processing department during the period.

Required:
a. Compute the cost of ending work in process inventory for materials, conversion, and in total.
b. Compute the cost of the units completed and transferred out for materials, conversion, and in total.
Business
1 answer:
lys-0071 [83]3 years ago
3 0

Answer and Explanation:

a. The computation of cost of ending work in process inventory for materials, conversion, and in total is shown below:-

For material = 2,080 × $15.66

= $32,572.80

For conversion = 930 × $6.23

= $5,793.90

For total cost of work in process inventory = $32,572.80 + $5,793.90

= $38,366.70

b. The computation of cost of the units completed and transferred out for materials, conversion, and in total is shown below:-

For material = 21,700 × $15.66

= $339,822

For Conversion = 21,700 × $6.23

= $135,191

For total cost of completed and transferred units = $339,822 + $135,191

= $475,013

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Consider a town in which only two residents, Kevin and Maria, own wells that produce water safe for drinking. Kevin and Maria ca
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Answer:

Monopolist profit maximizing price

A: $3 per gallon , total output =270 Kelvins profit = $810(801/7/2 = $405

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B. $2.5 per gallon . Kelvin's profit =$450 Maria's profit = 337.5

C = False. At the same quantity , fall in price brings fall in revenue

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Explanation:

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On the new arrangement , price drops to $2.5 , Maria's profit =(315-45/2)2.5 = $337.5 and Kelvin's = ($787.5-337.5) = $450

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Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-
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<span> <span>Inventory Turnover ratio (old) = 3
</span><span>Inventory Turnover ratio (new) = 7.5
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</span><span>So, let’s find out the freed up cash
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</span> <span><span>                         =</span>$7.5,000,000</span>
<span>  Calculating $ value of New inventory
<span> <span>Inventory New=$12,000,0075
</span> <span><span>                        =</span>$3,000,000</span>
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6 0
3 years ago
Read 2 more answers
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based)
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Solution :

a). Operating the income using traditional costing system

Products        Sales revenue($)           Traditional($)         Operating income($)

                             ( A )                                 ( B )                           ( A - B )

540X                   198,200                         54,440                       143,760

137Y                    158,700                         49,090                        109,610

249S                   83,190                            11,290                          71,900

b). Operating income using the activity-based costing system

Products        Sales revenue($)           Traditional($)       Operating income($)

                             ( A )                                 ( B )                           ( A - B )

540X                   198,200                         45,520                       152,680

137Y                    158,700                          39,290                        119,410

249S                   83,190                            30010                          53,180

5 0
3 years ago
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