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Vikki [24]
3 years ago
13

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio

n concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process—Assembly Department Bal., 9,000 units, 50% completed 22,050 To Finished Goods, 207,000 units ? Direct materials, 212,000 units @ $1.6 339,200 Direct labor 276,000 Factory overhead 107,400 Bal. ? units, 75% completed ? Cost per equivalent units of $1.60 for Direct Materials and $1.80 for Conversion Costs. Based on the above data, determine the different costs listed below. .
(1) Cost of beginning work in process inventory completed this period. $
(2) Cost of units transferred to finished goods during the period.
Business
1 answer:
MrRissso [65]3 years ago
7 0

Answer:

<em>Cost of completed WIP:</em> 30,240

<em>Total cost of tranferreed-out:</em> 729,990

Explanation:

<em><u>We assume it works with weighted-average process costing</u></em>

Beginning 9,000 50% = 4,500   $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor       $276,000

Overhead          $<u> 107,400    </u>

Total Overhead $383,400

started   212,000 units

<u>finished 207,000 units</u>

ending       5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% =  210,750

<em>Cost per equivalent unit: 383,400 / 210,750 = 1,819217</em>

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 =  30,240

Cost of the units transferred to finished goods:

    22,050 beginning WIP balance

+ 207,000 x $1.6 materials

<u>+ 207,000 x $1.82 conversion cost  </u>

<em>Total:</em> 729,990

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In social network analysis __________ stress(es) the importance of ties connecting heterogeneous people—helping to ensure a wide
murzikaleks [220]

Answer:

<u>Bridging relationships</u>

Explanation:

Social networking analysis refers to analyzing the interaction between different social groups, people and individuals of an organization.

Such an analysis establishes linkage between diverse people who differ in their attitudes, beliefs and demeanor.  

Such an analysis is aimed at gaining an understanding of a group and it's dynamics, it's key members and deciphering the nature of their association.

Bridging relationships refers to bridging or reducing the gap between a group and laying emphasis upon the relations via which diverse people are interconnected and information is shared between them.

8 0
3 years ago
WHAT ARE STAKEHOLDERS FOR GOVERNMENT PROVISION??
Temka [501]

Answer:

A stakeholder is any person or organization that has a legitimate interest in a specific project or policy decision. As an economist, whenever you are required to discuss the costs and benefits.

5 0
2 years ago
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, note
tatuchka [14]

Answer:

1. Accounts receivable

2. Notes receivable

3. Other receivable

Explanation:

Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.

Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet

Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable

6 0
3 years ago
Which of the following is a current asset?
Rashid [163]

Answer:

<u>C. debtors</u>

Explanation:

  • It is a current asset as it is envisioned to bring in profit within a fixed period of time
  • If you have debtors owing you money, then it is rightly considered a current asset
4 0
2 years ago
The standard cost of Product B manufactured by Pharrell Company includes 2.3 units of direct materials at $6.70 per unit. During
Slav-nsk [51]

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.7 - 6.65)*26,800

Direct material price variance= $1,340 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2.3*11,500 - 26,800)*6.7

Direct material quantity variance= $2,345 unfavorable

<u>Now, the total variance:</u>

Total direct material variance= Direct material price variance +/- Direct material quantity variance

Total direct material variance= 1,340 - 2,345

Total direct material variance= $1,005 unfavorable

8 0
3 years ago
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