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3 years ago

Process accounting's solution for nonuniform manufacturing inputs is

1 answer:

3 0

Process accounting's solution for nonuniform manufacturing inputs is: calculate equivalent units for each category of manufacturing output.

Process costing, process accounting, is used in cost accounting. This is known for collecting and assigning manufacturing costs to the good produced. Process costing is used to get each item down to the same cost per produced good and in large sums.

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What is the value of (123)°?

Maksim231197 [3]

Explanation:

The value refers to the worth of each digit depending on where it lies in the number. We calculate it by multiplying the place value and face value of the digit. Value=Place Value × Face Value. For instance: If we consider a number 45.

5 0

2 years ago

At the beginning of the year, Smith Company budgeted overhead of $129,600 as well as 13,500 direct labor hours. During the year,

andre [41]

Answer:

Part 1

$9.60

Part 2

$11,129

Part 3

Journal 1

Debit : Overheads $172,500

Credit : Equipment lease $ 6,800

Credit : Depreciation on building 19,340

Credit : Indirect labor 90,400

Credit : Utilities 14,560

Credit : Other overhead 41,400

Being overheads incurred

Journal 2

Debit : Work In Process $173,760

Credit : Overheads $173,760

Being overheads applied

Part 4

under-applied overheads is $1,260

Part 5

$636,860

Explanation:

Overhead rate = Budgeted Overheads ÷ Budgeted Activity

= $129,600 ÷ 13,500

= $9.60

Total cost (Job K456) = $2,750 + $5,355 + $3,024 = $11,129

Actual Overheads = $ 6,800 + $19,340 + $90,400 + $14,560 + $41,400 = $172,500

Applied overheads = 18,100 x $9.60 = $173,760

Since, Actual Overheads < Applied overheads, overheads have been under-applied. Amount of under-applied overheads is $1,260 ($173,760 - $172,500)

Under-applied overheads are added to cost of goods sold. Therefore, adjusted cost of goods sold will be $636,860 ($635,600 + $1,260)

7 0

2 years ago

Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginnin

saveliy_v [14]

Answer:

The selling price for Job A is $75,978.00

Explanation:

Molding Finishing Totals

Machine hours 4000 1000 5000

Fixed mnf. overheads 19600 2400 22000

Variable manufacturing

Overheads per machine hours 1.1 2.1

JOB A JOB B

Direct materials 13,600 7500

Direct labour costs 20,700 7400

Molding machines 2700*1.1= 2,970

Finishing 400*2.1= 840

Fixed mnf: molding 19600*4000/5000= 15,680

Fixed mnf: finishing 2400*1000/5000= 480

Total cost (sum of all the above) $54,270

Mark up = 40%

Mark up=gross profit (GP)*100/cost

40%= GP*100/54270

40*54270/100= GP

GP= 21,708

Sales= cost + GP

Sales= 21,708+54,270

Sales= $75,978.00

7 0

3 years ago

Use the drop-down menu to complete each statement.

podryga [215]

According to this graph, at $10 the quantity supplied is about 14.

As the price of the good rises, the quantity supplied will be increasing.

In the graph, as the price of the good is rising the quantity supplied is also rising, When the price is $10.00 then the quantity supplied is 14 when the price is $15.00 then the quantity supplied is 24 and when the price is $17.50 the quantity supplied is 30.

The volume of a resource, service, or item that people are prepared and able to sell during a certain time period at a given price. If a good's price increases, more of that good is supplied, all other things being equal. When a product's price declines, less of that product is produced.

Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.

The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services and vice versa.

Learn more about the Law of Supply here:

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5 0

1 year ago

A current loan balance is $118,000 on a 30-year loan at 7% interest, with a monthly payment of $831.63 for principal and interes

shusha [124]

Answer:

$143.30

Explanation:

In order to determine the principal reduction payment, the monthly interest will need to be calculated. The interest will then be deducted from the total monthly payment to compute the principal reduction payment:

Annual Interest = $118,000 X 7/100

= $8,260

Monthly interest = $8,260/12

= $688.33

Principal reduction = $831.63 - $688.33

= $143.30

6 0

3 years ago