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Sveta_85 [38]
3 years ago
5

Department S had no work in process at the beginning of the period. It added 12,200 units of direct materials during the period

at a cost of $97,600. During the period, 9,200 units were completed, and 3,000 units were 25% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $73,630, and factory overhead was $17,910. The total cost of units completed during the period was
Business
1 answer:
galben [10]3 years ago
5 0

Answer:

Cost of completed units = $158,240

Explanation:

<em>Cost of completed units = Cost per equivalent unit × no of units</em>

<em>Equivalent unit = Degree of completion × units of work</em>

<em>Equivalent units of material</em>

( 9200× 100%)   + (3000×100%) = 12,200 unit

Cost per equivalent unit of material = $97,600/12,200 units= $8

<em>Equivalent units of labour and overhead</em>

(9200× 100%) + (3000× 25%) = 750

Cost per equivalent unit of labour and overhead

=( 73,630+17910)/9950 =$9.2

Cost of completed units

= $(9.2+8)× 9,200 = 158,240

Cost of completed units = $158,240

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Total assets of Charter Company equal $700,000 and its equity is $420,000. What is the amount of its liabilities? b. Total asset
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Answer:

a. Total liabilities = $280,000

b. Total liabilities = $250,000

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Explanation:

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Total assets = Total liabilities + shareholder equity

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Accrued Vacation Pay A business provides its employees with varying amounts of vacation per year, depending on the length of emp
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On Jan 31

Vacation pay expense Dr $8,900

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The journal entry is as follows

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