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tatuchka [14]
3 years ago
12

The Refining Department of Crystal Cane​ Sugar, Inc. had 73 comma 000 tons of sugar to account for in December. Of the 73 comma

000 ​tons, 55 comma 000 tons were completed and transferred to the Boiling​ Department, and the remaining 18 comma 000 tons were 70 ​% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process. The weightedminus average method is used. Calculate the total equivalent units of production for conversion costs.
Business
1 answer:
soldier1979 [14.2K]3 years ago
6 0

Answer:

67,600 tons

Explanation:

Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Conversion

Equivalent Units  = 55,000 + 18,000 x 70% = 67,600 units

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How much does a truck driver make a year?
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If bonds for Crayon Corporation, with a face value of $150,000, are converted into common stock when the carrying value of the b
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Answer:

(C) Bonds Payable for $150,000

Explanation:

the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:

Bonds Payable        150,000 credit

Discount on bonds   15,000  debit

When the bonds are converted, we will write-off these account against common stock and additional paid-in

To wirte-off the account we need to post them in the other side so we got:

Bonds payable debit 150,000 debit

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5 0
3 years ago
Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
adell [148]

Answer:

Direct material price variance= $12,500 unfavorable

Explanation:

Giving the following formula:

The standard price per pound is $2.00.

The actual quantity of materials purchased and used in production is 50,000 pounds.

The actual purchase price per pound of materials was $2.25.

<u>To calculate the direct material price (spending) variance, we need to use the following formula:</u>

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

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Direct material price variance= $12,500 unfavorable

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3 years ago
For​ 2018, Rest-Well Bedding uses​ machine-hours as the only overhead​ cost-allocation base. The direct cost rate is​ $6.00 per
maria [59]

Answer:

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Explanation:

Giving the following information:

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To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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Predetermined manufacturing overhead rate= $6.875 per machine-hour

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