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2 years ago

Pierce & Company provides the following information concerning the work in process at its plant:

Business

1 answer:

Colt1911 [192]2 years ago

6 0

Answer:

70,100 units and 53,244 units

Explanation:

The computation of the equivalent units for material and conversion cost using the weighted-average method is shown below:

For material

= Transferred out units × completion percentage + ending inventory units × completion percentage

= 50,500 units × 100% + 19,600 units × 100%

= 50,500 units + 19,600 units

= 70,100 units

For conversion

= Transferred out units × completion percentage + ending inventory units × completion percentage

= 50,500 units × 100% + 19,600 units × 14%

= 50,500 units + 2,744 units

= 53,244 units

We simply applied the above formulas

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3 years ago

The Beach Shack Company produced 5,500 cakes that require 3 standard pounds per unit at $3. 00 standard price per pound. The com

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Answer:

Explanation:

Standard pounds per cake = 3 pounds

Standard unit price = $3

Standard pounds 5500 cakes = 16,500 pounds

Actual pounds per 5500 cakes = 16,650

Variance = (16,650 - 16,500)=150

Cost of actual materials used = actual materials * standard price

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3 years ago

Benito's family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of

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Answer:

Total monthly saving = $1,315

Explanation:

Given:

Oakland Los Angeles

Cost Housing $565 $1200

Food $545 $655

Health Care $245 $495

Taxes $450 $625

Other Necessities $350 $495

Find:

Total monthly saving

Computation:

Saving in house = $1200 - $565 = $635

Saving in food = $655 - $545 = $110

Saving in health care = $495 - $245 = $250

Saving in taxes = $625 - $450 = $175

Saving in necessities = $495 - $350 = $145

Total monthly saving = $635+$110+$250+$175+$145

Total monthly saving = $1,315

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2 years ago

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