1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maurinko [17]
2 years ago
13

Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process. Work in process inventor

ies, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units Conversion Cost% January 0 — 11,100 3,100 63 March 0 — 12,300 3,400 40 May 0 — 15,400 7,860 80 July 0 — 10,200 2,200 46 Compute the physical units for January and May. January May Units to be accounted for Beginning work in process Started into production Total units Units accounted for Transferred out Ending work in process Total units Compute the equivalent units of production for (1) materials and (2) conversion costs for each month. Materials Conversion Costs January March May July
Business
1 answer:
____ [38]2 years ago
7 0

Answer:

(a) Total units for January = 14,200

Total units for May = 23,260

(b). Conversion cost for :

January = 13,053  

March = 13,660

May = 21,688

July = 11,212

Explanation:

As per the data given in the question,

1)

                                                 Jan.                        May

Units to be accounted for

Beginning WIP                            0                            0

Started into production            14,200                   23,260

Total number units                   14,200                   23,260

Units accounted for

Transferred out                         11,100                   15,400

Ending WIP                                 3,100                      7,860

Total units                                 14200                   15400

2)

We can calculate the conversion cost by using following formula:

Conversion cost = Transferred out unit + (Work in process  unit × conversion cost)

                            Material           Conversion cost

Jan.                       14,200                    13,053              (11,100 + 3,100 × 63%)

Mar.                      15,700                     13,660              (12,300 + 3,400 × 40%)

May                       23,260                   21,688             (15,400 + 7,860 × 80%)

July                        12,400                   11,212              (10,200 + 2,200 × 46%)

You might be interested in
Which two advantages do renters have that home buyers don’t have?
Ulleksa [173]

The two advantages are:

- Renters are not affected by changing property price

- Renters don’t have to pay for major repairs to the property

The housing department  require the home owner to pay for major repairs that happen in the rented place (Such as broken roof or leaking gas). Not only that, the owner of the home is the one that would be financially damaged if the housing markets experience a crash.

6 0
3 years ago
Read 2 more answers
Alex, an American, was invited to a formal dinner by his French manager. He was not sure about the correct flatware to be used f
Darina [25.2K]

Answer: Modeling

Explanation: Alex is modeling the behavior of others on the dining table to know the right flatware to use because he isn't sure of the correct one to use.

Modeling someone's behavior means to observe their behavior and trying to imitate them.

6 0
2 years ago
ring its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income D
miv72 [106K]

Answer: See explanation

Explanation:

The retained earnings will be calculated as:

= Begining retainers earnings + Net income - Dividend.

Year 1:

Retained earning = 0 + 2000 - 1700

= 300.

Year 2:

Retained earning = 300 + 2600 - 1600

= 1300

Year 3:

Retained earning = 1300 + 2600 - 2200

= 1700

Year 4:

Retained earning = 1700 + 5900 - 2900

= 4700

Year 5:

Retained earning = 4700 + 8800 - 3100

= 10400

3 0
3 years ago
Click this link to view O*NET’s Skills section for Petroleum Engineers. Note that common skills are listed toward the top, and l
const2013 [10]

Answer:

I'm pretty sure its 2346

Explanation:

might be wrong considering Edge loves to move answers around. <em>yes they do that....</em>

7 0
2 years ago
Read 2 more answers
On December 31, there were 46 units remaining in ending inventory. These 46 units consisted of 6 from January, 8 from February,
Tresset [83]

Answer:

$6,734

Explanation:

On December 31, there were 46 units remaining in ending inventory.

These 46 units consisted of

6 from January x $123 = 738

8 from February x $133 = 1064

10 from May x $143 = 1430

8 from September x $153 = 1224

14 from November x $163 = 2282

Using the specific identification method, the cost of the ending inventory is: 734 + 1064 + 1430 + 1224 + 2282 = $6734

4 0
2 years ago
Read 2 more answers
Other questions:
  • Carrie noticed at work that Chris and Bucky kept asking her advice on office procedures. Soon, she began to see herself as compe
    15·1 answer
  • What can the government of a relatively poor country do to promote economic prosperity? check all that apply. encourage transmis
    12·2 answers
  • The declaration and issuance of a stock dividend larger than 25% of the shares previously outstanding
    5·1 answer
  • In june 2009, when general motors went bankrupt, ______ became its majority stock holder.
    10·1 answer
  • How does critical thinking relate to peer assessment​
    5·1 answer
  • A convertible bond has a face value of $5,000, a conversion price of $40, a coupon rate of 6 percent, semi-annual payments, and
    5·1 answer
  • Greenwave Garden Centers is a national chain of discount gardening stores. The top management at Greenwave realizes that differe
    10·1 answer
  • Which of the following is true of both paying with a check and paying with a debit card?
    10·2 answers
  • You decide to become a neurosurgeon. After high school, you will need four years of college, four years of medical school, five
    12·1 answer
  • Entertainer's Aid plans five annual colossal concerts, each in a different nation's capital. The concerts will raise funds for a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!