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nadezda [96]
3 years ago
11

A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 53,600 units, 75% complete w

ith respect to direct labor and overhead. The direct labor beginning inventory costs were $9,800. The department completed and transferred out 118,500 units this period. The ending inventory consists of 43,600 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $33,000 and overhead costs of $41,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:
Business
1 answer:
GREYUIT [131]3 years ago
6 0

Answer:

EU cost for direct labor $ 0,33

Explanation:

weighted average will be  the transferred units plus percentage of completion on ending WIP

118,500 transferred + 43,600 x 25% = 129,400 units

labor cost on beginning WIP 9,800

added cost during the perod 33,000

Total cost 42,800

Equivalent untis cost: $ 42,800 / 129,800 = 0,329738

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Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 85,000 shares of $5 par common stock. Dur
Olegator [25]

Answer:

$254,010

Explanation:

Calculation for the total shareholders' equity at the end of 2021

Issue of stock (10,700 × $5.90) $63,130

Issue of stock (20,600 × $8.80) $181,280

Net income $95,000

Less Dividends( $53,000)

Less Treasury stock (3,000 × $10.80) ($32,400)

Total shareholders' equity $254,010

Therefore the total shareholders' equity at the end of 2021 is $254,010

4 0
3 years ago
Logan Nettles approached Kevin Lang about becoming a partner in a firm that destroys environmental waste. While Logan would like
Stells [14]

Answer:

<em>c. limited partner.</em>

Explanation:

<em>In the presented scenario, Logan Nettles should become a</em> <u>limited partner</u>.

Limited partner is the partnership in which one  limited partner is been required compulsory. This is slightly different from general partnership. In this profit of the business is limited and the debt and dis-advantage on the amount of investment is also limited.

So we can see that Logan is also concerned about his disadvantage which is known as liability.

5 0
3 years ago
A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimate
natta225 [31]

Answer:

1. Vacation pay expense Dr. 3500

Vacation pay payable 3500

2. It is recorded at the company's balance sheet as the accrued liabililty at the liabilities portion.

3. The amount will be removed once the vacation pay is paid and is debited to income account.

4 0
3 years ago
Pennsylvania Company supplied the following information:
V125BC [204]

Answer:

$12,620

Explanation:

Cost of Direct materials of Job 99 = $70 x 100 = $7,000

Cost of Direct labour of Job 99 = $5 x 100 = $5,000

Overhead Expenses of Job 99 = $62 x 10 = $620

Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

6 0
3 years ago
You run the Social Security Administration. What about this chart might worry you?
AURORKA [14]

Answer:

The amount of taxpayers that are part of the "older generation" is slowly rising and is higher than the amount in 1997.

Explanation:

Remember to run a successful government, you must have the income in which to run the government programs. Most of these funds come from taxpayer's. In this case, it is clear that younger people generally make more as well as are generally healthy, leading to a large amount of input of money into the government, with fewer withdrawals. This would give a huge boost to the government budget. Older people on the other hand tend to not work as much, so their taxes are generally lower. They also withdraw more from the Government through Social Security, and so leaves the government with a negative balance from them in most cases.

The chart on the other hand shows a <em>increase of percentage of older people</em>, which leaves a large gap in between the surplus and the spending, leading to a decrease of funding for the government. If this continues, the government would lose money, and would have to cut programs or face collapse. To fix this, they either have to, like stated above, cut programs, or give more taxes. Both are unacceptable to the American Public, which is what makes the government, as well as the average citizen, worried about the US government's funding surplus.

~

8 0
3 years ago
Read 2 more answers
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