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Andrej [43]
4 years ago
11

Jones Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 40

0 units in process that were 70% complete, receiving 2,500 units from the Cutting Department. Jones Company had 200 units in process at the end of the period that are 40% complete. All materials are added at the beginning of the process and conversion is added uniformly. From the Packaging Department, units are transferred to Finished Goods. How many units were completed and transferred out of the Packaging Department?
Business
1 answer:
RoseWind [281]4 years ago
5 0

Answer:

2,700 units

Explanation:

Given that,

Packaging Department started the month = 400 units in process that were 70% complete

Received units from Cutting Department = 2,500 units

Units in process at the end of the period that are 40% complete = 200

Units completed and transferred:

= Beginning work in process inventory + Units received - Ending work in process inventory

= 400 units + 2,500 units - 200 units

= 2,700 units

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Tcecarenko [31]

Answer:

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Explanation:

The idiomatic expression to get the lead out means to move along quickly or as fast as possible.

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I hope this helps.  

6 0
3 years ago
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 28 units at $210 1
DedPeter [7]

Answer:

$12,245

Explanation:

January:

Total value = Units left in inventory × cost per unit

                   = (28 - 19) × $210

                   = $1,890

February:

Total value = Units left in inventory × cost per unit

                   = (38 - 18) × $215

                   = $4,300

May:

Total value = Units left in inventory × cost per unit

                   = (33 - 22) × $220

                   = $2,420

September:

Total value = Units left in inventory × cost per unit

                   = (30 - 21) × $225

                   = $2,025

November:

Total value = Units left in inventory × cost per unit

                   = (35 - 28) × $230

                   = $1,610

Cost of the ending inventory:

= $1,890 + $4,300 + $2,420 + $2,025 +  $1,610

= $12,245

4 0
3 years ago
Which of the following statements are true of an installment loan?
elena-14-01-66 [18.8K]

Answer:

4) has a fixed number of payments in equal amounts

Explanation:

1) the term is much longer than other loans

FALSE, installment loans can be short or long, the term refers to periodic payments.

2) lower interest rates are charged to borrowers

FALSE, interest rates vary depending on the customer and the purpose of the loan, they can be higher or lower.

3) is technically an unsecured loan

FALSE, they can be secured or unsecured loans, there is no one size fits all rule

3 0
3 years ago
Wolfgang Electricals estimates that the company takes 31 days on average to pay off its suppliers. It also knows that it has day
Makovka662 [10]

Answer:

57 days

Explanation:

The computation of the cash conversion cycle is shown below:

The cash conversion cycle = Days inventory outstanding + days sale outstanding - days payable outstanding

= 54 days + 34 days - 31 days

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We simply added the  days' sales in inventory and  days sales' outstanding and deduct the days payable outstanding so that the cash conversion cycle could come

8 0
4 years ago
Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly s
Maksim231197 [3]

Answer:

Direct material price variance  $ 21,000  unfavorable

Explanation:

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                                                                                                 $

6,5000 pounds should have cost (6500× $12)               78,000

but did cost                                                                         <u>99,600</u>

Direct material price variance                                          <u>21,000  </u>unfavorable

4 0
3 years ago
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