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Wewaii [24]
3 years ago
12

Stock Company has 2,000 units in beginning work in process inventory, 20% complete as to conversion costs, 23,000 units transfer

red out to finished goods, and 3,000 units in ending work in process 33 1/3% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs.
Equivalent units for materials and conversion units are:

A. 26,000, 26,000.

B. 26,000, 24,000.

C. 22,000, 24,000.

D. 24,000, 26,000.
Business
1 answer:
ss7ja [257]3 years ago
3 0

Answer:

B. 26,000, 24,000.

Explanation:

Stock Company

Equivalent units

Particulars                 Units       % of Completion           Equivalent Units

                                                   Mat. Conversion          Mat.  Conversion

Transferred Out      23000         100         100           23000      23000

<u>Ending WIP              3000            100       331/3%       3000        999.9= 1000</u>

<u>Total Equivalent units                                                  26000        24000</u>

<u />

The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.

Equivalent units for materials 26000

and Equivalent units for conversion are: 24000

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Answer:

Ending inventory cost= $10,900

COGS= $15,940

Explanation:

<u>To calculate the  ending inventory using LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>

Ending inventory in units= 1,000 - 550= 450

Ending inventory cost= 340*23 + 110*28= $10,900

<u>Now, the cost of goods sold:</u>

COGS= 270*30 + 280*28= $15,940

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1 1/4

Explanation:

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Cajun Cookin' sits on a large landscaped lot. Brian and Sondra have a contract with Lovely Landscapes to mow the lawn and take c
LUCKY_DIMON [66]

Options:

A.) has discharged its obligation to Brian.

B.) is liable for specific performance.

C.) will likely have to pay Brian damages if Brian decides to sue them.

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Answer: C.) will likely have to pay Brian damages if Brian decides to sue them.

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3 0
3 years ago
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mariarad [96]

Answer:

1.- For sofa it can pay at most 60 dollars per hours

2.- 17.5 per hours

3.- It should. It will create additional gains.

Explanation:

-                                   Recliner         Sofa Love Seat

Sales                                1,400         1,800 1,500

variable                                  800         1,200 1,000

Contribution                          600            600   500

Labor Hours                               8               10       8

Contribution \: per \: hour    75              60   62.5

1.- Contribution per hour 60 dollars for SOFA

it can pay up to this amount.

2.-

contribution per hour - labor cost per hour = net

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It should hire it. t is generating additional profit.

6 0
2 years ago
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Hunter-Best [27]

Answer:

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Forty Winks Corporation

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$675×labor rate of $ 13.00=$8,775

The total combined direct labor cost that Forty Winks Corporation should budget in March and​ April is $8,775

6 0
2 years ago
Read 2 more answers
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