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Burka [1]
3 years ago
6

The Cutting Department has 6,000 units in process at the end of September that are 100% complete for direct materials. The units

are 70% complete for direct labor and manufacturing overhead which is added uniformly. What are the equivalent units of production for conversion costs?
Business
1 answer:
MArishka [77]3 years ago
7 0

Answer:

equivalent units of production = 6,000 units

Explanation:

given data

process at end of September = 6,000 units

direct materials = 100%

direct labor and manufacturing overhead = 70%

solution

we get here equivalent units of production for the conversion cost that is

equivalent units of production = process at end × direct materials complete .........................1

put here value and we get

equivalent units of production = 6,000 units ×  100%

equivalent units of production = 6,000 units

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The total projected misstatement of the firm is $92225 and it can be concluded that projected misstatement is more than the expected misstatement.

<h3>How to calculate the projected misstatement?</h3>

The total projected misstatement will be calculated thus:

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= $3500 + $50275 + $38750

= $92225

The projected misstatement is more than the expected misstatement. Therefore, there is an unacceptable risk that the true misstatement is more than the tolerable misstatement.

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What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the
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In the world demand for US, exports <u>increase</u> the demand for US dollars. a in the US interest rate differential <u>decreases</u> the demand for US dollars

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1 year ago
The purposes of sending an application or résumé follow-up message to an employer include jogging the memory of the hiring manag
yanalaym [24]
Emphasizing your qualifications or adding new information.
7 0
3 years ago
Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1. Givens Brick Company signs a $600,000, 8%, 9-month
zheka24 [161]

Answer:

The journal entry which is to be reported on January 1 is shown below:

Explanation:

The journal entry which is to be reported on January 1 for the issuance is as:

On January 1

Cash A/c............................Dr  $600,000

    Notes Payable A/c..........Cr  $600,000

Being the issuance as well as proceeds of the note is recorded

On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited

3 0
2 years ago
Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During
strojnjashka [21]

Answer:

Underapplied overhead= $109,500

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate=  525,000 / 150,000

Predetermined manufacturing overhead rate=  $3.5 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*135,000

Allocated MOH= $472,500

<u>Finally, the under/over applied overhead:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 582,000 - 472,500

Underapplied overhead= $109,500

8 0
2 years ago
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