Answer:
The correct answer is C. 100
Explanation:
Data
Units in opening Work-In-Progress (WIP) 65
Units added ?
Units transferred out 77
Units in closing WIP 30
Units added=Units transferred out+Units in closing WIP-Units in opening Work-In-Progress (WIP)=77+30-65=42
Equivalent Units in production
Beginning WIP (% to complete) +Started and completed+Ending WIP
Beginning WIP 52 (65 x 80% )( 20% complete at the previous period, 80% in this period)
Started and completed 42
Ending WIP 6 (30 x 20%) (20% complete in this period)
Total =52+42+ 6= 100
Answer:
Predetermined rates for each cost pool
Ordering = <u>$120,000</u>
240,000 orders
= $0.50 per order
Machine set-up = <u>$85,000</u>
340,000 set-ups
= $0.25 per set-up
Inspection = <u>$75,000</u>
75,000 inspections
= $1 per inspection
Explanation:
The predetermined rates are obtained by dividing the estimated overhead for each cost pool by the cost driver.
This website would not exist. Social lives would improve because everyone would actually hang out with people. We would not be able to get places fast because cars would not be developed.
The Executive Summary. This is a concise one- to four-page summary illustrating the key points that are detailed in each section of the ensuing business plan. The Executive Summary should stand on its own as a separate document.Business Overview. Offer a description of the business, including: The legal structure, Business formation history, The type of business, Location. Means of doing business (Internet, storefront operation, mail order) Operations Plan. Offer an explanation describing how the business will function, including the physical setup and responsibilities for specific tasks. Market Analysis. Include an overview of the market as a whole, with specific data and charts or graphs, if appropriate. Define your target market and your plans for catering to this specific audience. Products and Services. Describe the products manufactured or sold or the services offered. Classify the different types of products or services and provide a brief description of each. Sales and Marketing. Outline pricing and sales information. Include rationalizations for why your audience will buy your products or services and how you will reach them through marketing and advertising efforts. Competitive Analysis. Analyze the strengths and weaknesses of your direct and indirect competitors. Demonstrate how you will gain a competitive edge against your competition. Management Team. Provide pertinent, concise background information on all key players involved in the business. Financial Plan. Include all financial information, from startup costs to balance sheets. The financial section should outline: The amount necessary to start or maintain the business, The amount needed over the next two, three, and even five years, Plans to use funds, Anticipated need for additional funding, Ongoing business expenses, including salaries, insurance costs, promotional expenses, etc. Projections. Provide projected income statements and balance sheets for at least two or three years. Good luck!
Answer:
Explanation:
The journal entry is shown below:
Work in Process A/c - Assembly department A/c Dr $52,320
Work in Process A/c - Finishing department A/c Dr $41,440
To Manufacturing overhead A/c $93,760
(Being the overhead are allocated to the Assembly and Finishing Departments)
The allocation of the assembly department equals to
= Raw material × percentage of labor cost
= $32,700 × 160%
= $52,320
The allocation of the finishing department equals to
= (Factory labor cost - factory labor) × percentage of labor cost
= ($63,800 - $37,900) × 160%
= $25,900 × 160%
= $41,440
