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Leokris [45]
3 years ago
12

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 uni

ts were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the process in June?
Business
1 answer:
fgiga [73]3 years ago
3 0

Answer:

100,000 units

Explanation:

The computation of the transferred out units of the process is shown below:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 90,000 units × 100% + 10,000 units × 100%

= 90,000 units + 10,000 units

= 100,000 units

All other information which is given is not considered. Hence, ignored it

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Sever21 [200]

Answer:

3,4,5 hope this help:)

Explanation:

4 0
2 years ago
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A bond investor buys a municipal bond with a face value of $100,000 and a 3% coupon. The bond matures in one year. The investor
Marat540 [252]

Answer:

3.5%

Explanation:

The formula to calculate total return is: Profit/Original Cost. 100,000 x .03 = $3,000 interest. $3,000 interest + 100,000 principal = 103,000 cash flow. $103,000 - 99,500 = $3,500 gain. $3,500 gain/$99,500 cost = .03518. .03518 = 3.5%

7 0
3 years ago
Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates
Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance        $40,000

Budgeted Cash Receipts        $225,000

Total Cash Available                $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%)          $28,000.00

Payment of Raw Mat purchases in Sep ($110,000 × 65%)           $71,500

Direct Labor Payment            $40,000

Other Cash Expenses            $60,000

Income Tax Paid                    $10,000

Bank Loan Interest Paid    $1,000

Total Cash Disbursements   $210,500

Closing Cash Balance           $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

6 0
3 years ago
Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
coldgirl [10]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

7 0
3 years ago
arris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
Komok [63]

Answer:

$12,500

Explanation:

Absorption costing consider all the cost incurred in production either variable or fixed as production cost and all the operating costs as the period costs. It calculates the gross profit after deducting the cost of goods sold from the net sales and net income after deduction the operating costs from the gross profit.

First of all we need to calculate the product cost.

Manufacturing cost

Direct materials                               $19

Direct labor                                      $61

Variable manufacturing overhead $7

Fixed manufacturing overhead      $15

($135,000/9,000)                          <u>           </u>

Total Product cost                         <u> $102</u>

Now We will calculate the Net Income

Sales (8,600 x $116)                                   $997,600

Less: Cost of goods sold (8,600 x $102)  <u>$877,200</u>

Gross Profit                                                 $120,400

Less:

Variable selling & admin expense            $99,000

($11 x 9,000)

Fixed selling and admin expense             <u>$8,900   </u>

Net Income                                                 <u>$12,500  </u>

6 0
2 years ago
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