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
babymother [125]
2 years ago
15

PA12. LO 5.4Complete this production cost report:

Business
1 answer:
Lubov Fominskaja [6]2 years ago
8 0

Using weighted average method

Statement of equivalent units

                                                   Material    Conversion

                                                    Units         Units

Units transferred out                   70,000       70,000

Add: Closing work-in-progress   <u> 25,000 </u>      <u> 6,250</u>

Average divisor                            <u> 95,000 </u>    <u>76,250</u>

                        Computation of cost per unit

                                                              Material   Conversion

                                                                   $               $

Cost of beginning work-in-progress   3,500      16,000

Cost added                                           <u> 25,000 </u>   <u>45,000</u>

Total cost                                               <u> 28,500 </u>   <u>61,000</u>

Material cost per unit = <u>$28,500</u>

                                         95,000 units

                                    = $0.30 per unit

Conversion cost per unit = <u>$61,000</u>

                                            76,250 units    

                                          = $0.80 per unit

 Value of units transferred out

  Material = 70,000 x $0.30  = $21,000

  Conversion = 70,000 x $0.80 = $56,000

  Value of closing work-in-progress

  Material = 25,000 x $0.30 = $7,500

  Conversion = 6,250 x $0.80 = $5,000

Explanation:

In this case, we will obtain the average divisor by adding the ending work-in-progress to the units transferred out. Then, we will determine the total cost of material and conversion ,which is the aggregate of cost of opening work-in -progress and cost added during the year. We also need to obtain the unit cost of material and conversion, which is total cost of material and conversion divided by the average divisor.  

Finally, we will value the units transferred out and ending work-in-progress at unit cost of material and conversion.                                                                                                                                                                              

You might be interested in
The race to the bottom scenario of global environmental degradation is explained roughly like this: a. Companies seek to reduce
irga5000 [103]

Answer:

The answer is "Option c".

Explanation:

When there is racing to a bottom scenario, this should be stated that the multinationals looking for profit are shifting production from such countries with strict environmental regulations to minimize the order, thus generating revenue, that's why the profit-based corporations relocate their manufacturing from strong environmental regulations to low standard countries and thereby lower their costs and increase profits.

7 0
3 years ago
Employees of Gawker Media often find themselves successful when they have a passion for the particular area of the company in wh
Korvikt [17]

Answer:

The correct answer is: High level of job involvement.

Explanation:

Job involvement refers to the voluntary interest employees have for the job position they have at work. It is typically the result of individuals playing roles they like or that represent part of their self-realization. Job involvement is not only intrinsic but can also be acquired by a different set of practices.

7 0
3 years ago
The United States is able to experience economic growth to the extent that
kvasek [131]

Answer:

The correct answer is the option E: consumers are encouraged to buy domestically produced goods.

Explanation:

To begin with, in order to the economy to grow the country must encourage the consumers to buy more domestically produced goods so that the when the demand increases so does that income of the firms and that impacts in the demand that the companies do as well. Therefore that the country, and that is, the firms and the government, should encourage the increase of consumption from the buyers in order to intend to experience an economic growth.

6 0
3 years ago
Read 2 more answers
Robert invested $4,000 five years ago at 4 percent interest. He takes out all his interest earnings and spends them immediately.
docker41 [41]

Answer:

simple interest

Explanation:

Simple interest is the amount of money that an investment earns during 1 given period, it is calculated by multiplying the principal amount of the investment by the interest rate = $4,000 x 4% = $160

On the other hand, compound interest is interest that gains more interest by itself. This means that the interest gained during a given period, will gain more interest itself for the next period. It is calculated using the following formula = principal amount x (1 + interest rate)ⁿ, where n is the number of periods.

7 0
3 years ago
2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
Sever21 [200]

Answer:

1

Explanation:

Manufacturing Overhead sometimes also referred as Factory Overhead includes only those costs which are directly traceable to the production of a product i-e, Direct labor and Material Costs.

5 0
3 years ago
Other questions:
  • Bernie's firm has set corporate direction to become one of the leaders in each of its significant market segments. It was Bernie
    12·1 answer
  • ∗ percy consumes cakes and ale. his demand function for cakes is qc = m − 30pc + 20pa, where m is his income, pa is the price of
    11·1 answer
  • The price of a stock on February 1 is $48. A trader sells 200 put options on the stock with a strike price of $40 when the optio
    11·1 answer
  • ast Co. produces its product through two processing departments. Direct materials are added at the start of production in the Cu
    14·1 answer
  • . Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight of
    13·1 answer
  • If a 10 percent increase in income induced a group of consumers to reduce their yearly purchases of eggs by 5 percent, for these
    11·1 answer
  • Which of the following investments choices is least risky?
    8·1 answer
  • How legislation can lead to the success and failure of a company​
    15·1 answer
  • In a free-market economy, a product which entails a positive externality will be
    9·1 answer
  • 50 points + brainly
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!