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melisa1 [442]
3 years ago
13

At the end of the month, the department had 12,000 units in inventory, 85% complete as to materials and 60% complete as to conve

rsion. How many units did the Forming Department start and complete in the current month
Business
1 answer:
larisa [96]3 years ago
6 0

Answer:

Units started and completed = 56,000 units.

Explanation:

<u>The complete question is as follows:</u>

<u>At the beginning of the month, the Forming Department of Martin Manufacturing had 14,000 units in inventory, 40% complete as to materials, and 20% complete as to conversion. During the month the department started 68,000 units and transferred 70,000 units to the next manufacturing department. At the end of the month, the department had 12,000 units in inventory, 85% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month?</u>

<u></u>

<u>Working 1: Reconciliation of units:</u>

Beginning work in progress = 14,000 units (A)

Introduced = 68,000 units (B)

Total (A+B) = 14,000 units + 68,000 units

Total (A+B) = 82,000 units

Transferred out (D) = 70,000 units

Ending work in progress (A+B) - (D) = 82,000 units - 70,000 units

Ending work in progress = 12,000 units

Units transferred from work in progress = 14,000 units

Total units = 70,000 units

From units started/introduced = 70,000 units - 14,000 units

<u>From units started/introduced = 56,000 units (answer)</u>

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3 years ago
Nick has a comprehensive health care policy with a $250 per-calendar-year deductible, an 80% co-insurance provision, and a $1,00
VikaD [51]

Answer:

Nick  pay maximum $930

so correct option is d. $930

Explanation:

given data

health care policy = $250

co-insurance provision = 80 %

it mean claim to be paid by insurance company = 80%

and claim to be paid by Nick =  20 %

co payment cap = $1,000

claim insurance = $600

company paid  = $280

total bills = $5,000

to find out

How much will Nick have to pay for the second claim

solution

we get first amount to be paid by insurance company and nick  is

amount to be paid by insurance company and nick  = $600 - $250

amount to be paid by insurance company and nick = $350

and

we know here 80% of $350  paid by insurance company

so paid by insurance company  = 80% of $350 = $280

and  paid by Nick = $350 - $280 = $70

so Limit available to co payment = $1000 - $70

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5 0
3 years ago
ABC Company listed the following data for the current year:
RideAnS [48]

Answer:

$10,800 underapplied

Explanation:

Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:

Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400

Overhead machine hours=($43.50 x 23,600) - 1,037,400

Overhead machine hours=$1,026,600- 1,037,400

Overhead machine hours= $10,800 underapplied

Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied

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3 years ago
Jacobsen Corporation prepares its financial statements applying U.S. GAAP. During its 2016 fiscal year, the company reported bef
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Answer:

Jacobsen Corporation

Income from continuing operations of $621,000 will be reported.

Explanation:

The income from continuing operations is the same thing as the operating income.  It is the pre-tax income that is reported on Jacobsen Corporation's income statement for the year ended December 31, 2016.  The tax rate of 30% is applied on this figure to obtain the income tax expense for the year.  But, for Jacobsen that has other unusual items, these are taken into consideration before the income tax is imputed to obtain the after-tax income.

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