Answer:
a. costs of production Pulping: 165000 conversion: 159000
b. Cost per equivalent unit Pulping: 0.65 conversion: 0.20
c. cost of units completed and transferred out: Pulping: 102050 conversion: 31400 Total: 133450
d. Cost of reconciliation:
Cost of beginning in process inventory (4800 + 500) = 5300
Costs added to production during the period (102450 + 31800) =134250
A device or technique that ensures production of a good unit overtime is a poka-yoke.
The Japanese term Poka-Yoke means mistake proofing. Poka means mistakes and yoke(ru) means to avoid. This technique helps eliminate defects by way of human errors since they often occur. You will find this technique used in a lean manufacturing process.
Answer:
B. $57
Explanation:
The computation of the opportunity cost of the theater shown below:
= Earning per hour × number of hours + cost of the theater ticket
= $9 × 3 hours + $30
= $27 + $30
= $57
To find the opportunity cost we considered the total earnings and the cost of the theater tickets so that the accurate cost of the theater could come.
The asking price would be $1,365,000! I found a quizlet :)
Answer:
1. Situation is that a Stockholder has filed a lawsuit against C corporation.
Accounting treatment: Neither record nor disclose any liability.
Since the liability is not at all possible, it should be neither recorded nor disclosed.
2. Situation: F signed a 60 days, 10% note when it purchased items from another company.
Account treatment: Record the liability on the balance sheet.
Real liability that is both certain and the liability amount can also be reasonably estimated. It should be recorded on the balance sheet.
3. The EPA notifies S co that a state where it has a plant is filing a lawsuit.
Account treatment: Disclose the liability in a financial statement footnote.
The liability is probable but not certain and liability amount can also be reasonably estimated. It should be disclosed in financial statement footnote.
4. Situation: Company manufactured and sold products to a retailer that later sold product to consumer.
Account treatment: Record the liability on the balance sheet.
Real liability that is both certain and the liability amount can also be reasonably estimated. It should be recorded on the balance sheet.
