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4 years ago

EA4.

Business

1 answer:

mart [117]4 years ago

8 0

Answer:

$1,000

Explanation:

As we know that

Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory

$900 = $200 + purchase made during the month - $300

$900 = -$100 + purchase made during the month

So, the purchase made during the month would be

= $900 + $100

= $1,000

We simply added the purchase to the beginning inventory and deduct the ending inventory

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The following partially completed process cost summary describes the July production activities of Ashad Company. Its production

xeze [42]

Answer:

Units Transferred Out $ 663750

Work In Process Ending $ 30440

Direct Materials Costs $ 11.5 per EUP Conversion Costs$6.2 per EUP

Explanation:

Ashad Company

Weighted Average Method

Cost Of Production Report

Equivalent Units of Production

Direct Materials Conversion

Units transferred out 37,500 EUP 37,500 EUP

Units of ending work in process 2,000 EUP 1,200 EUP

Equivalent units of production 39,500 EUP 38,700 EUP

Costs Added

Direct Materials Conversion

Costs of beginning work in

process $13,450 $1,860

Costs incurred this period 440,800 238,080

Total costs $454,250 $239,940 

Costs per EUP

Direct Materials Conversion

$454,250/ 39,500 EUP $239,940/38,700 EUP

= $ 11.5 per EUP = $6.2 per EUP

Dividing the costs with EUP gives cost per EUP.

Costs Accounted For

Units Transferred Out $ 663750

Materials = $ 11.5 * 37500=$ 431250

Conversion= $ 6.2 * 37500=$ 232500

Total = $ 663750

Work In Process Ending $ 30440

Materials = $ 11.5 * 2000=$ 23000

Conversion= $ 6.2 * 1200=$ 7440

Total = $ 30440

Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.

$ 663750+$ 30440 = $454,250 + $239,940

$ 694190 = $ 694190

8 0

3 years ago

Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year

Pavel [41]

Answer:

Camper's Edge Factory

Departments Cutting Sewing

a. The total number of budgeted

direct labor hours for the year 60,000 70,000

b. Products Canopy Tent

Factory overhead per unit $17.50 $40

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $750,000

Canopy Tent Total

Direct labor hours

Cutting 2 1 3

Sewing 1 6 7

Total direct labor hours 3 7

Budgeted production units 20,000 10,000

Departments Cutting Sewing

Budgeted factory overhead $350,000 $400,000

Direct labor hours:

Canopy 40,000 (20,000 * 2) 10,000 (10,000 * 1)

Tent 20,000 (20,000 * 1) 60,000 (10,000 * 6)

Total direct labor hours 60,000 70,000

Overhead allocation rates $5.833 $5.714

($350,000/60,000) ($400,000/70,000)

Overhead per unit $17.50 ($5.833 * 3) $40 ($5.714 * 7)

5 0

3 years ago

Ceteris paribus, a 10 percent increase in income results in a 50 percent decline in the quantity of potatoes purchased. this imp

Liula [17]

The answer to this question is B. Substitute

8 0

3 years ago

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Imagination Museum is holding nominations for its board of directors. It is the first time that over half of the positions are v

NeX [460]

Answer:

E- Gender balance

Explanation:

Gender balance is an important consideration in having a good board for a number of reasons.

Gender balance provides diversity of thought, contributing to better decisions being made. This diversity of thought contributes to better stakeholder representation as well as up to pace evolution with the market.

Gender balance as well, brings together strengths more expressed in each gender. For instance, men are more objective and women function better at defining responsibilities . Bringing together individual strengths, creates a stronger team and increases efficiency of the board.

Gender diversity also increases access to various essential skills such as operational experience, knowledge of the industry.

6 0

3 years ago

In which of these areas in the manufacturing and distribution process can a company create sustainability measures? (Select all

Deffense [45]

Understand the needs of your customers; sales, transportation, the whole supply chain. Take function and brand into account. Reduce, minimise and optimise packaging materials. Reduce packaging waste, use recyclable lightweight materials, biodegradable, compostable materials and renewable resources.

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3 years ago