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klasskru [66]
3 years ago
9

Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials $ 33,000 Indi

rect materials included in manufacturing overhead $ 4,000 Direct labor cost $ 58,000 Manufacturing overhead applied to Work in Process $ 91,000 Beginning Ending Raw materials inventory $ 14,000 $ 20,000 Work in process inventory $ 57,000 $ 70,000 How much is the direct materials cost for the month on the Schedule of Cost of Goods Manufactured?
Business
1 answer:
nalin [4]3 years ago
8 0

Answer:

Cost of goods manufactured $ 159,000

Explanation:

Direct materials:

Beginning raw materials inventory $ 14,000

Add: Purchases of raw materials 33,000

Total raw materials available 47,000

Less: Ending raw materials inventory 20,000

Raw materials used in production 27,000

Less: Indirect materials included in manufacturing overhead 4,000 23,000

Direct labor 58,000

Manufacturing overhead cost applied to work in process 91,000

Total manufacturing costs 172,000

Add: Beginning work in process inventory 57,000

Total 229,000

Less: Ending work in process inventory 70,000

Cost of goods manufactured $ 159,000

Therefore the direct materials cost for the month on the Schedule of Cost of Goods Manufactured is $159,000

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Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
nexus9112 [7]

Answer:

$7.830

Explanation:

Calculation for the cost per equivalent unit for conversion costs for the month

First step is to compute for the Unit transferred out =

Unit transferred out = 21,400+101,000-34,000

Unit transferred out = 88,400

Second step is to compute for the Equivalent unit of conversion

Equivalent unit of conversion = 88,400+(34,000*70%)

Equivalent unit of conversion = 88,400+23,800

Equivalent unit of conversion = 112,200

Last step is to compute for the Cost per equivalent unit of conversion

Cost per equivalent unit of conversion = (24,700+853,880)/112,200 = 7.931

Cost per equivalent unit of conversion = 878,580/112,200

Cost per equivalent unit of conversion = $7.830

Therefore the cost per equivalent unit for conversion costs for the month is closest to $7.830

5 0
3 years ago
Trio company reports the following information for the current year, which is its first year of operation
Arlecino [84]

Explanation:

1. The computation of cost per unit using a absorption costing

Fixed cost

= Fixed manufacturing overhead ÷ Units produced

= $160,000 ÷ 20,000

= $8

Variable costs

Direct material per unit $15

Direct labor per unit $16

Variable manufacturing overhead per unit

= Variable overhead ÷ Units produced

= (80,000 ÷ 20,000)

= $4

Total Variable cost per unit

= $15 + $16 + $4

= $35

Total cost per unit

= $8 + $35

= $43

The computation of cost per unit using a variable costing

Direct material per unit $15

Direct labor per unit $16

Variable manufacturing overhead per unit $4

= $15 + $16 + $4

= $35

2. The computation of ending finished goods inventory using absorption costing

Number of finished goods in units 6,000

Cost of goods in ending inventory

= 6000 × $43

= $258,000

The computation of ending finished goods inventory using variable costing

= Number of finished goods in units 6,000

Cost of goods in ending inventory

= 6,000 × $35

= $210,000

3. The computation of the cost of goods sold using absorption costing

Number of units in sold goods 14,000

Cost of goods sold

= 14,000 × $43

= $602,000

The computation of the cost of goods sold using variable costing

Number of units in sold goods 14,000

Cost of goods sold

= 14,000 × $35

= $490,000

3 0
3 years ago
General motors’ stand against apartheid in south africa was based upon what came to be known as _____. the human rights moveme
vovikov84 [41]
The answer is Sullivan Principles. General Motors embraced what came to be named as Sullivan principles. This is name after Leon Sullivan which is also a member of GM's Board of Directors. Sullivan contended that it was morally right for GM to function in South Africa so long as two circumstances were satisfied. First, the company should not follow the apartheid laws in its own South African operations. Second, the firm should do all within its power to endorse the elimination of apartheid laws.
5 0
3 years ago
A loss is when:
skad [1K]

Answer:

a if revenue is greater the loss in money will deplinish

6 0
2 years ago
Read 2 more answers
Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal p
elixir [45]

Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars       2015         2014       Changes in dollar    Percent change

                           a             b               c = (a - b)                   d = c ÷ b

Short term    

investments $380,168   $239,377    $140,790                    58.82%

Accounts  

receivable  $102,276    $105,903      -$3,627                     -3.42%

Notes

payable        0                $93,973      -$93,973                    -100%

4 0
3 years ago
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