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Talja [164]
3 years ago
15

The following information pertains to the Engineering department: Units Materials Completion % Conversion Completion % Work in p

rocess, January 1 24,000 60% 32% Work in process, January 31 20,000 75% 24% Units started into production during January 1,750 Question: How many units were completed and transferred out of the Engineering department during January?
Business
1 answer:
mash [69]3 years ago
4 0

Answer:

5,750 units were completed and transferred out of the Engineering department during January

Explanation:

This question requires us to calculate the number of units that were completed and transferred out during th month from engineering department. This can be solve easily with the help of equation given below.

Opening units + unit put in process = closing units + units transferred out

units transferred out = 24,000 + 1,750 -20,000

units transferred out  = 5,750 units

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Engineworks Co. provides the following fixed budget data for the year: Sales (20,000 units) ……………………………. ​ $600,000 Cost of sale
marysya [2.9K]

Answer:

Flexible Contribution Margin <u>147,000</u>

<u>Actual </u>Contribution Margin <u>139,000</u>

<u>Variance 8000 unfavorable</u>

Explanation:

Engine Works Company

Flexible Budget Performance Report

For the year using the Contribution Margin Format

                                      Actual                      Static                Flexible

                                    (21,000 units)       (20,000 units)     (21,000 units)

Sales                       …$651,000                 $600,00             630,000 Fav

V. Cost of goods sold: ​ ​ 512,000              $ 460,000           483,000 Unfav

Direct materials .$231,000 ​                     $200,000             210,000

Direct labor   168,000 ​                              160,000               168,000

Variable overhead  73,500 ​                       60,000               63,000

Variable Operating Expenses 39,500       40,000             42,000

<u>Contribution Margin    $139,000                140,000          147,000  Unfav</u>

Fixed Expenses

Fixed Operating Expenses 12,000 ​ 12000           12000

Fixed overhead 77,500           80,000                  84,000

<u>Income from operations  ​ $ 49,500    $ 48,000            $51,000  Fav</u>

<u></u>

<u>Working</u>

Flexible Calculations = (600,000/20,000)*21,000= $ 630,000

V. Cost of goods sold= ($ 460,000 /20,000)*21,000= 483,000

Direct materials .   =  $200,000 /20,000)*21,000=   210,000

Direct labor =    160,000/20,000)*21,000=    168,000

Variable overhead  =  60,000 /20,000)*21,000=    63,000

Variable Operating Expenses =  40,000 /20,000)*21,000= 42,000

All calculations are carried out in the same way. Dividing the amount in the given budget with the number of units and multiplying it with actual number of units.

Flexible Contribution Margin 147,000 and Actual Contribution Margin 139,000 which shows a Variance  of 8000  which is unfavorable.

4 0
2 years ago
what are the similarites and differences between the business ventures of the wander girls and roxanne quimby
Dimas [21]

People are known to engage in business every day. The answers to the question is below;

<h3>The similarities  between the business ventures of the Wander Girls and Roxanne Quimby</h3>

  • Their businesses are both founded by women.
  • They both encourages women in business ventures and other areas.
  • They both encourages women to take care of themselves and not neglect themselves.
  • They are advocate for self love for women.

<h3>The differences between the business ventures of the Wander Girls and Roxanne Quimby.</h3>

  • Wander Girls are into travels specifically for women while Roxanne Quimby is into personal-care brand.
  • Wander Girls is into service delivery while the other is into product delivery.

Roxanne Quimby is famous as she sell Burts Bees, a natural personal care brand. Elisha Brock, is known to be the founder of Wander Girls. It is an online community that aids and encouraging women to take themselves out by travel with the right resources and person.

Learn more about  Business from

brainly.com/question/24553900

8 0
2 years ago
Which are 3 common misconceptions users of an income statement may have?
Mama L [17]

The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.

One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.

To learn more about income statement here

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3 0
2 years ago
Who is responsible for training food workers on safe food handling procedures?
notsponge [240]

Answer:

supervisor, owner or manager

Explanation:

It is always the supervisor, owner or manager's duty to train an employee working in the food industry about the handling procedures and compliance with health policies.

Taking into consideration the specifics of each food industry (various countries and standards), the person in charge should handle proper training or provide adequate courses which teach the employees how to handle food and ensure that the health or food hygiene factors are respected.

6 0
2 years ago
How many years will it take you to accumulate $30,000 for a down payment on a house if you deposit $12,000 today and you expect
DENIUS [597]

Answer:

9.61 years

Explanation:

For this question , we use the NPER formula that is presented in the attached spreadsheet

Given that,  

Present value = $12,000

Future value = $30,000

Rate of interest = 10%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the answer is 9.61 years

3 0
3 years ago
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