I need them both awnsered loL

The Smelting Department of Kiner Company has the following production and cost data for November. Production: Beginning work in

xz_007 [3.2K]

Answer:

A. 16,200

B. 11,940

Explanation:

Computation for the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

A. Equivalent units of production for materials Materials

Total equivalent units= 9100 + (7100*100%)

Total equivalent units= 9100+7100

Total equivalent units= 16,200

B.Equivalent units of production for conversion costs

Total equivalent units= 9100+ (7100*40%)

Total equivalent units=9100+2840

Total equivalent units= 11,940

Therefore the equivalent units of production for (a) materials is 16,200 and (b) conversion costs for the month of November is 11,940

7 0

3 years ago

For a while in the 1920s, inflation in some ways benefited the German economy. However, it would not have made sense for Germany

Sidana [21]

Expansionary policy boosts the economy in the short run but not the long run.

Option A

Explanation:

Germany was considered one of the richest countries before World War 1. Their economy was very steady and there is no match for them among countries.

Due to the effect of World War 1 the country was into hyperinflation and all the prices of perishable things and food items has increased at a very fast pace. To balance the inflation they applied Expansionary monetary policy which uses the central bank to print money to stimulate the economy.

The increase in supply of printed money will ease out the lending rates and it will boost the economy.

7 0

3 years ago

One important step in making decision is considering the impact on your lifestyle

kkurt [141]

And what do You want to know?

7 0

3 years ago

Zoe Corporation has the following information for the month of March: Cost of direct materials used in production$17,811 Direct

lbvjy [14]

Answer:

The question is not complete as requirement is not given.

However,in supply of information like this, determination of cost of sale is generally assumed to be the requirement.

The cost of sale for Zoe corporation for March is $76,396

Explanation:

Two accounts are needed to derive the cost of sale: manufacturing account and trading account.

Manufacturing account is prepared to determine the cost of production. The preparation of cost of production involves three major steps:

1. Determination of prime cost by adding direct material cost with material labor cost and other direct manufacturing cost.

2. Adding prime cost with factory overhead cost.

3. Adding changes in work in progress( Opening WIP minus Closing WIP) to value arrived at step 2.

The figure arrived at is cost of production.

Trading account is prepared to derive the cost of sale for a particular period.

It involves adding opening finished goods with purchases (if any) and cost of production. After this, closing finished goods is subtracted from the figure derived above to arrive at cost of sales for the period.

Using information supplied by Zoe Corporation, the cost of sale is:

Zoe Corporation

Manufacturing Account For March

$ $

Cost of direct materials used in production 17,811

Direct Labor 29,363

Prime Cost 47,174

Add: Factory Overheard 32,472

79,646

Changes in Work in Progress

Begininng WIP 20,353

Closing WIP (19,710) 643

Cost of Production 80,289

Trading Account For March

$

Opening Finished inventory 24,290

Add:Cost of production 80,289

104,579

Closing Finished Inventory (28,183)

Cost of Sale  76,396

6 0

4 years ago

MCO Leather manufactures leather purses . Each purse requires 2 pounds of direct materials at a cost of $ 5 per pound and 0.7 di

zmey [24]

Answer:

MCO Leather Manufacturing Company

1. Direct Materials Budget

September October

Materials requirement 9,778 13,000

Ending inventory 3,900 3,780

Materials available 13,678 16,780

Beginning inventory 4,280 3,900

Purchases (pounds) 9,398 12,880

Cost of purchases $46,990 $64,400

2. Direct labor budgets for September and October:

September October

Units to be produced 4,889 6,500

Direct labor hours 3,422 4,550

Direct labor costs $41,064 $54,600

3. Factory Overhead Budgets for September and October:

September October

Units to be produced 4,889 6,500

Variable overhead $6,845 $9,100

Fixed overhead 13,000 13,000

Total overhead $19,845 $22,100

Explanation:

a) Data and Calculations:

Direct materials required per purse = 2 pounds

Cost of a pound of direct materials = $5

Direct materials cost per unit = $10 ($5 * 2)

Direct labor cost per unit = $8.40 (0.7 * $12)

Variable overhead = $2 per direct labor hour

Variable overhead per unit = $1.40 ($2 * 0.7)

Fixed manufacturing overhead per month = $13,000

Desired ending inventory of direct materials = 30% required the next month

August ending direct materials inventory = 4,280 pounds

Production Budget September October November

Units to be produced 4,889 6,500 6,300

Materials requirement 9,778 13,000 12,600

1. Direct Materials Budget

September October November

Materials requirement 9,778 13,000 12,600

Ending inventory 3,900 3,780

Materials available 13,678 16,780

Beginning inventory 4,280 3,900 3,780

Purchases (pounds) 9,398 12,880

Cost of purchases $46,990 $64,400

2. Direct labor budgets for September and October:

September October November

Units to be produced 4,889 6,500 6,300

Direct labor hours 3,422 4,550 4,410

Direct labor costs $41,064 $54,600 $52,920

3. Factory Overhead Budgets for September and October:

September October November

Units to be produced 4,889 6,500 6,300

Variable overhead $6,845 $9,100 $8,820

Fixed overhead 13,000 13,000 13,000

Total overhead $19,845 $22,100 $21,820

7 0

3 years ago