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SashulF [63]
3 years ago
8

Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process. The normal spoilag

e rate is calculated as 10% of good units completed.The cost of the beginning work-in-process in the Month of May is $3,000,000, including$1,600,000 of input of materials, 100,000 units, and $1,400,000 for conversion costs. The beginning work-in-process is 70% complete.During May, the input includes $7,400,000 for materials, 800,000 units started and $4,190,000 for conversion costs. There were 700,000 good units finished. In addition, the ending work-in- process in May is 100,000 units with 60% complete. The abnormal spoilage is 30,000 units. All spoilage occurred when all processing was complete, at the final inspection.Required: Use the weighted-average method to calculate:(a) The dollar value of abnormal spoilage.(b) The cost of the good units finished.(c) The cost of ending work-in-process inventory.
Business
1 answer:
zavuch27 [327]3 years ago
3 0

Answer:

(a) The dollar value of abnormal spoilage.

$499,317.

(b) The cost of the good units finished.

$12,669,193.

(c) The cost of ending work-in-process inventory

$1,421,491.

The complete solution of the problem is attached with an excel spreadsheet.

Download xls
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3 0
3 years ago
A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took
Citrus2011 [14]

Answer:

Reduction in work in progress = $7500

Explanation:

given data

time = 10 hours

time = 15 hours

worth  = $1,500

to find out

reduction in work in process value

solution

we find work in progress   by this formula

work in progress  = Flow rate  × Cycle Time     .......................1

so Initial work in progress is

Initial work in progress   = (1 per hour)  × 10 hours = 10

and Final work in progress is here

Final work in progress   = (1 per hour) × 15 hours = 15

so

Initial work in progress   value = 10  × 1500

Initial work in progress   value= $15000

and

Final work in progress    value =15  × 1500

Final work in progress    value = $22500

so

Reduction in work in progress = $22500 - $15000

Reduction in work in progress = $7500

4 0
3 years ago
Trust Machines Inc. is a company that manufactures and markets consumer electronics. The unique microprocessors developed by the
enyata [817]

Answer:

Difficult to Imitate (I)

Explanation:

The unique microprocessors developed by the company contribute to its high resource immobility. According to the resource-based view of competitive advantage, when a company is achieving resource immobility, it allows the company to create competitive advantage.

The theory of Resource-Based View is that if Trust Machines can create a company of people, processes and technologies that cannot be easily copied or imitated by competitors it means that your resources are diverse and immobile, and it can create competitive advantage.

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3 years ago
A Whopper combo meal costs $3.00 and gives you an additional 15 units of utility; a meal at the Embassy Suites costs $29.00 and
Olenka [21]

Answer:

be indifferent between the two meals

Explanation:

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Marginal utility per good = marginal utility / price of the good

Whopper combo meal = 15 / 3 = 5

a meal at the Embassy Suites = 145 / 29 = 5

both meals have the same marginal utility of 5. She would be indifferent between consuming the two meals

8 0
3 years ago
Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the h
Arturiano [62]

The complete question should have been:

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8 0
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