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
disa [49]
3 years ago
10

Production costs chargeable to the Finishing Department in June in Waterway Company are materials $16,524, labor $21,602, overhe

ad $19,700. Equivalent units of production are materials 20,400 and conversion costs 19,300. Production records indicate that 18,200 units were transferred out, and 2,200 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Business
1 answer:
d1i1m1o1n [39]3 years ago
4 0

Answer:

Cost Per Equivalent Unit Materials 0.81    Conversion 2.14

Completed Units Costs $ 53690

Ending Work In Process Costs  $ 4136

Total Costs  $ 57826

Explanation:

<u>Waterway Company</u>

<u>Finishing Department </u>

                                                           Materials        Conversion

Costs                                                   $16,524,        $21,602 + $19,700

                                                                                       $ 41302

Equivalent units of production        20,400                   19,300

Cost Per Equivalent Unit          16524/20400= 0.81      41302/19300= 2.14

We find the Cost per Equivalent unit and then multiply with the completed units and Ending work in process units to get their costs.

<u>Completed Units Costs $ 53690</u>

Materials = 18200* 0.81 = 14742

Conversion= 18200 * 2.14= 38948

Total Costs     $ 53690

<u>Ending Work In Process Costs  $ 4136</u>

Materials = 2200* 0.81 = 1782

Conversion= 2200 * 50 % * 2.14= 2354

Total Costs     $ 4136

Total Costs Accounted For = Completed Units Costs $ 53690 + Ending Work In Process Costs  $ 4136= <u>$ 57826</u>

Total Costs Added  During the process =   Materials + Conversion = $16,524,+ $ 41302=

<u>$ 57826</u>

You might be interested in
What responsibility, if any, does fishpeople have to the local fishing industry?​
Evgen [1.6K]

Answer:

IN UK

Explanation:

Contents

Rules for access to waters after the UK leaves the EU

Quota allocations and fishing opportunities

North-East Atlantic Fisheries Commission (NEAFC) Convention Area

Regional fisheries management organisations (RFMOs)

Access to ports

EU and non-EU (third country) vessels landing into UK ports

Import and export of fishery products

Exporting UK-caught fish and fishery products to the EU

Importing EU-caught fish and fishery products to the UK

Labelling and marketing of fishery and aquaculture products

European Maritime and Fisheries Fund

Eels and eel products

Rules for access to waters after the UK leaves the EU

When the UK leaves the EU, the government will control and manage access to fish in UK waters. It will be responsible for managing the UK’s:

territorial waters (out to 12 nautical miles)

Exclusive Economic Zone (out to 200 nautical miles or the median line with other states)

The UK government will make sure that fisheries control and enforcement continue.

UK waters

There will be no change to your rights and responsibilities if you have a UK-registered vessel fishing in UK waters. You must continue to comply with the law and the conditions of your licence, including the economic link criteria.

Non-UK-registered vessels will no longer have automatic access to UK waters. This will be subject to any existing agreements covering territorial waters.

EU and non-EU (third country) waters

There will be no automatic access for UK-registered vessels to fish in EU or non-EU (third country) waters. This will be subject to any existing agreements covering territorial waters.

Quota allocations and fishing opportunities

If you’re a UK quota holder, the UK fisheries administrations will tell you what your allocation will be. They aim to do this in October 2019.

The government will also confirm arrangements for:

non-quota shellfish (scallops, edible crabs and spider crabs)

demersal species under the Western Waters effort regime (demersal species live mainly on or near the sea floor)

There will be no automatic access for:

the UK Fisheries Administrations to exchange fishing opportunities with EU member states

EU member states to exchange fishing opportunities with the UK

North-East Atlantic Fisheries Commission (NEAFC) Convention Area

You can prepare for the UK joining the NEAFC. For UK-registered vessels to continue fishing in the convention area, and landing into the EU, you must hold a current UK domestic licence. You’ll need this before you can apply for an international licence from the relevant fisheries authority.

Please contact your local fisheries authority office if you want further guidance on fishing internationally. You’ll also need to register with the NEAFC’s electronic Port State Control system and complete the Port State Control 1 forms.

Regional fisheries management organisations (RFMOs)

The UK will join all relevant RFMOs as quickly as possible - it will no longer be a member of RFMOs through EU membership. The joining process may take up to 6 months.

During this time, UK vessels may not be able to fish in international waters covered by RFMOs. The Department for Environment, Food and Rural Affairs (Defra) will keep fishermen informed of progress and what the outcome of a decision will mean in practice.

Access to ports

If you have a UK-registered vessel, you’ll no longer have an automatic right to land fish in any EU port. You’ll be allowed access to EU designated ports for:

port services

landings

transhipment

the use of market facilities (where vessels meet EU requirements on illegal, unreported and unregulated fishing)

You must notify the relevant Fisheries Monitoring Centre of your intention to arrive into a designated port. You must notify vessel and catch-related information

6 0
3 years ago
Can someone please help me
Andrew [12]

Answer:

Technology

1. Data Scientist.

data scientists help organizations to solve vexing problems. Combining computer science, modeling, statistics, analytics, and math skills—along with sound business sense—data scientists uncover the answers to major questions that help organizations make objective decisions.

2. Web Developer.

web developers are responsible for designing and developing websites and website applications.

3. Software Developer.  

Analyze users' needs and then design, test, and develop software to meet those needs. Recommend software upgrades for customers' existing programs and systems.

Explanation:

8 0
3 years ago
Read 2 more answers
Prior to 2008, CBS Corp. owned approximately 18% of Westwood One, Inc., which managed the CBS Radio Network. CBS, in turn, manag
olga nikolaevna [1]

Answer and explanation:

The influence a company may have over another when one of them has a number of shares that belongs to the other is determined by the percentage of ownership that the number of shares represent. If its lower than 20%, it is said the company has <em>no influence</em> over the other. From 20% to 50% one company has <em>significant influence</em> over the other. Finally, with more than 50% of the outstanding shares in possession, one company has <em>control </em>over the other.

In that case, CBS Corp. has no influence over Westwood One, Inc. since it owns only 18% of the outstanding shares.

4 0
3 years ago
Sunland’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $21000 Direct Labor 6000
algol13

Answer:

$9,000

Explanation:

Total variable cost of manufacturing the components are as follows;

Direct materials $21,000

Direct labor 6,000

Variable overhead 3,000

————

Total $30,000

If we purchase the cost is $39,000 and the company is indifferent if they will manufacture or purchase. Therefore;

$39,000 - 30,000 = $9,000 (unavoidable fixed cost)

7 0
3 years ago
Peggy Lane​ Corp., a producer of machine​ tools, wants to move to a larger site. Two alternative locations have been​ identified
Alborosie

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Two alternative locations have been​ identified: Bonham and McKinney. Bonham would have fixed costs of $ 800,000 per year and variable costs of $ 13,000 per standard unit produced. McKinney would have annual fixed costs of $ 920,000 and variable costs of $ 12,000 per standard unit. The finished items sell for $ 29,000 each.

Costs:

Bonham= 800,000 + 13,000*x

McKinney= 920,000 + 12,000*x

1) 800,000 + 13,000*x=920,000 + 12,000*x

1,000x=120,00

x=120 units

2) Because Bonham has a higher variable cost, from the indifference point and below, it generates a higher profit. From 120 units and more it generates less profit than McKinney.

3) Break-even point= fixed costs/ contribution margin

Bonham:

Break-even point= 800,000/(29,000 - 12,000)= 47 units

McKinney:

Break-even point= 920,000/(29,000-13,000)= 58 units

6 0
3 years ago
Other questions:
  • Stacy, the HR manager of a bank, restricts her recruiting efforts for the post of loan officer to placing advertisements on the
    13·1 answer
  • El Toro Corporation declared a common stock distribution to all shareholders of record on June 30, 20X3. Shareholders will recei
    7·1 answer
  • On June​ 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 500​, and transferred the costs to Finished Goods In
    14·1 answer
  • Oscar and Julia can both produce either bananas or coffee. Oscar can produce either 16 pounds of coffee and 0 pounds of bananas
    11·1 answer
  • A company pays each of its two office employees each Friday at the rate of $100 per day each for a five-day week that begins on
    9·1 answer
  • Which of the following is recommended when paying a credit card bill?
    11·2 answers
  • A college professor's compensation package includes the total cost of a $325-per-month health insurance plan, the total cost of
    12·2 answers
  • Who is a shareholder? A Shareholder is the partial owner of the company who purchases and owns _____ in a company.
    13·2 answers
  • A company has total fixed costs of $180,000 and a contribution margin ratio of 30%. How much sales are necessary to break even?
    5·1 answer
  • Which of the following serves as an incentive for entrepreneurs in a market economy?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!