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kirza4 [7]
3 years ago
14

Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr

ocessing department for a recent month: Work in process, beginning: Units in process ? Percent complete with respect to materials 75 % Percent complete with respect to conversion 50 % Costs in the beginning inventory: Materials cost $ 2,300 Conversion cost $ 3,600 Units started into production during the month 25,200 Units completed and transferred out during the month 24,000 Costs added to production during the month: Materials cost $ 98,750 Conversion cost $ 220,500 Work in process, ending: Units in process 2,000 Percent complete with respect to materials 80 % Percent complete with respect to conversion 45 %
Business
1 answer:
klasskru [66]3 years ago
7 0

Answer:

beginning WIP                800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

<u><em>We first, solve for the start and completed: </em></u>

Unit Stated                     25,200

Ending WIP(incomplete)<u>  2,000   </u>

start and complete        23,200

<em><u>Now, we solve for the WIP: </u></em>

<em><u /></em>

Transferred units      24,000

start and complete<u>  (23,200)  </u>

beginning WIP                800

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Vijay Company reports the following information regarding its production costs. Direct materials $ 9.40 per unit Direct labor $
andriy [413]

Answer:

Unitary cost= $38.2

Explanation:

Giving the following information:

Direct materials $9.40 per unit

Direct labor $19.40 per unit

Variable overhead $ 9.40 per unit

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the unitary cost.</u>

UNitary cost= 9.4 + 19.4 + 9.4

Unitary cost= $38.2

8 0
3 years ago
Again, consider Sharon, a single mother with two children under 18 who earns an annual income of $16,000. Suppose that Sharon qu
Mrac [35]

Sharon and two kids makes 3 people total with both kids being under 18, the poverty level from the table is $20,231

She gets $1000 a month for her kids. 1000 x 12 months = $12,000 per year

12,000 + her annual salary = 12,000 + 16,000 = $28,000 per year.

28,000 is greater than 20,231 so she is not living in poverty.

The answer is no

7 0
3 years ago
How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?
maksim [4K]
Since the increasing level of government transfers only transfers the wealth without actual creation of goods/services, Higher taxes may be necessary to finance increased transfer payments, leading to a reduction in hours worked because of a decrease in the reward for productive activity. Not only that, <span>.Greater transfer activity diverts productive resources into rent-seeking activity</span>
8 0
3 years ago
Which of the following strategic foreign facilities is set up in a location with an abundance of advanced suppliers, competitors
katen-ka-za [31]

Answer:

b. Server factory

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Server factory is setup in a location possessing advanced suppliers, competitors and research and knowledge centers to provide proper knowledge regarding any thing that is new.

3 0
3 years ago
Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for
NikAS [45]

The joint cost allocated to product M1 using the net realizable value is $198,095.

<h3>What is the joint cost?</h3>

Joint costs refer to the common production costs (direct materials, direct labor, and overheads) incurred to produce two or more products during the same process.

Based on this, the different products have a common costs that should be allocated based on some criteria.

<h3>Data and Calculations:</h3>

                                                M1              M2              B1           Total

Units produced                  25,400       13,700       10,000       49,100

Allocated joint costs                ?                 ?                ?      $ 375,000

Sales value at split-off $ 402,000  $ 268,000  $ 91,000 $ 761,000

Joint cost of M1 using the net realizable value = $198,095 ($402,000/$761,000 x $375,000)

Thus, the joint cost allocated to product M1 using the net realizable value is $198,095.

Learn more about joint costs at brainly.com/question/25408525

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3 0
2 years ago
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