1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
Now suppose that the supply of new homes put on the market​ dropped, but price still stayed the same at​ $200,000. this could on
GenaCL600 [577]

If demand also dropped.

If supply goes down and demand goes up, the price would rise.

If supply goes down and demand stays the same, the price would still rise.

5 0
3 years ago
From the following list, identify those that are likely to serve as source documents.
Flura [38]

Answer:

Telephone bill

Sales ticket

Invoice from supplier

Bank statement

Prepaid insurance

Explanation:

Source documents in accounting are defined as the original record of a transaction that contains transaction details and provides evidence that a transaction occurred.

It is source of information entered into the accounting system. They can be printed on paper or electronic in nature.

From the given list the following are source documents: Telephone bill, Sales ticket, Invoice from supplier, Bank statement, Prepaid insurance.

They are sources from which transaction information can be obtained for entry into the accounting system

6 0
3 years ago
If a firm gives all international assignments to people without disabilities, assuming they will therefore not require special a
babymother [125]

Answer:

Disprate treatment

Explanation:

This type of work place discrimination is disparate treatment. This is a type of illegal Employee treatment. It has to do with treating an employee differently from other employees in the same job situation, based on a particular characteristics. By giving all international assignment to people without disabilities, this is an intentional employee discrimination.

Federal laws has a prohibition on job discrimination based on disabilities.

8 0
3 years ago
What will maximize the amount of interest you earn ?
Solnce55 [7]
Alright bud so basically what maximizes the amount of interest you can make would be a high interest rate along with a long period of time
3 0
3 years ago
Which statement best describes a characteristic of a relational database?
erastovalidia [21]

Answer:

<u>B.</u><u> It contains tables with fields that are associated with one another.</u>

<em>Why the other choices are wrong</em>

C and D are wrong because a relational database is a database that contains tables with fields that are associated with one another. D is wrong because it is a feature that is used to add queries to tables.

<em>Further explanation of concepts:</em>

What is a relational database?

A relational database is a database that stores data in the form of tables. The tables are then linked together by relationships. This makes it easy to access data in the database and to create new relationships between data.

What are queries?

Queries are how you search for and manipulate data in a relational database. Queries can be used to find specific data, to update data, or to delete data.

8 0
1 year ago
Other questions:
  • The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for three years. The project's cost is $55
    14·1 answer
  • In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are
    9·1 answer
  • Frozen Delight, Inc. charges an initial franchise fee of $79,300 for the right to operate as a franchisee of Frozen Delight. Of
    11·1 answer
  • Patch management watches for the release of new updates from vendors, tests the patches, obtains approval, and then oversees the
    9·1 answer
  • Which of the following refers to a bias error that occurs when managers make an initial favorable or unfavorable judgment about
    11·1 answer
  • By taking the consumer journey and consumer expectations into consideration in the development, integrated marketing communicati
    13·1 answer
  • What do individual shareholders gain when they buy shares of a company’s stock?
    13·1 answer
  • When writing goals, it is helpful to remember the acronym SMART. Different people associate different words with each of the let
    11·1 answer
  • During the current month, Wacholz Company incurs the following manufacturing costs. Purchased raw materials of $18,000 on accoun
    15·1 answer
  • Do you think that customers are more empowered today than they were before social media and other digital communication was so p
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!