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Andre45 [30]
3 years ago
10

Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginnin

g, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department Production Data—July T12-Tables Work in process units, July 1 0 Units started into production 21,200 Work in process units, July 31 3,180 Work in process percent complete 60 Cost Data—July Work in process, July 1 $0 Materials 402,800 Labor 248,464 Overhead 110,240 Total $761,504 Compute the physical units of production. T12 Tables Units to be accounted for
Business
1 answer:
Elza [17]3 years ago
8 0

Answer:

physical units  21,200

EU materials    21,200

EU conversion 19,928

Explanation:

Compute the physical units of production

Tables physical units of production during the month of July:

beginning                         0

Started                    <u>  21,200  </u>

Total physcal units   21,200

Equivalent units:

materials 21,200 as they are enterted at the beginning it matches the physcical units

conversion: 21,200 - 3,180 (1 - 0.60) = 19.928‬

we start 21,200 but 31,180 were completed until 60% thus we have 40% of 3,180 not completed that is subtracted.

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4. Which of the following statements is true about debits?
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On October 1, 2017, Sharp Company (based in Denver, Colorado) entered into a forward contract to sell 330,000 rubles in four mon
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Solution:

Date             Account tides           Debit (S in ruble)      Credit (S in ruble)

                 and Explanation

Oct 1        Accounts receivable             96,600

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          ( 210,000 ruble x $0.46)                                       96,600

Dec 31     Accounts receivable

           ( 50.49-50.46) x (210,000 ruble)   6,300

             Foreign Exchange gain                                       6,300

          Loss on forward contract            2079,21

                   Forward Contract

     (50.52-50.51) x 210,000 ruble =2,100

             2,100 x 0.9901= $2079.21                                2079.21

Jan31        Accounts receivable (LC U)       4,200

                   Foreign exchange gain

            (50.51-50.49) x 210,000 ruble                               4200

                     Foreign currency                 107,100

                 Accounts receivable

           (596.600-56,300-54,200)                                   107,100

                          Cash                              107,100

               Foreign cuuency (LCU)

                ($0.51 x210.000 ruble)                                      107,100  

6 0
3 years ago
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Answer:

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Multiple regression is a regression method that is employed to to predict the value of a variable, called the dependent variable, based on the value of two or more other variables, called the independent variables.

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Explanation:

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