The cost of ending inventory is 47372 and of the units transferred to the next department for January = 28496.
What is cost of ending work in process inventory for materials, labor, overhead ?
- WIP is a conception used to describe the inflow of manufacturing costs from one area of product to the coming, and the balance in WIP represents all product costs incurred for incompletely completed goods.
- Product costs include raw accoutrements , labor used in making goods, and allocated above.
- For utmost manufacturing operations, the costs that are included in an ending work in process force are raw accoutrements or corridor used, direct labor and manufacturing outflow.
- The finished goods force formula( finished goods force = morning finished goods cost of manufactured goods- COGS) refers to the computation businesses use to determine how numerous force particulars are ready for trade.
Calculation of cost of ending work in process for material, labor, overhead and in total for january,
Material = 2080 x 13.70 = 28496
Labor = 1560 x 4.7 = 7332
Overhead = 1560 x 7.4 = 11544
Total = 47372
Thus,
The cost of ending inventory is 47372 and of the units transferred to the next department for January = 28496.
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Answer: $31000
Explanation:
Elaine's current basis in her partnership interest will be calculated as:
= Value of original basis + (interest purchased - Cash received) + tax exempt interest
= $40000 + ($70000 - $80000) + $1000
= $40000 - $10000 + $1000
= $31000
The difference between the actual total revenue and what the total revenue should have been, given the actual level of activity for the period is called activity variance.
Activity variance are the differences between the static/making plans price range and the flexible finances and are because of the distinction between deliberate and actual hobby ranges.
what is sales activity variance?
Activity variance is the difference between actual sales and budgeted sales. it's miles used to degree the performance of a income function, and/or analyze enterprise effects to better understand marketplace conditions.
What is activity variance in managerial accounting?
An activity variance is the difference. between a sales or price object within the bendy finances and the equal item within the static planning price range. An hobby variance is due completely to the difference inside the actual degree of hobby used inside the bendy price range and the extent of hobby assumed inside the making plans finances.
How do if a activity variance is favorable or unfavorable?
Whilst sales is better than the price range or the real prices are less than the price range, that is taken into consideration a favorable variance. negative variances confer with instances while costs are better than your price range expected they would be.
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Answer:
D. Disk has the greater marginal product of labor when labor is greater than 1.
Explanation:
Marginal product is the increase in output per unit of additional input. The Floppy has lesser marginal utility than Disk. When marginal product of labor is greater than than the product marginal utility increases which means more output is created.