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3 years ago

6

Marigold Industries has 8400 equivalent units of production for both materials and for conversion costs. Total manufacturing cos

ts are $123880. Total materials costs are $97000. How much is the conversion cost per unit?a. $12.37. b. $5.10. c. $29.84.d. $17.47.

1 answer:

kati45 [8]3 years ago

7 0

Answer:

Wow that’s a lot of numbers hold up

Explanation:

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Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio

MrRissso [65]

Answer:

<em>Cost of completed WIP:</em> 30,240

<em>Total cost of tranferreed-out:</em> 729,990

Explanation:

<em><u>We assume it works with weighted-average process costing</u></em>

Beginning 9,000 50% = 4,500 $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor $276,000

Overhead $<u> 107,400 </u>

Total Overhead $383,400

started 212,000 units

<u>finished 207,000 units</u>

ending 5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% = 210,750

<em>Cost per equivalent unit: 383,400 / 210,750 = 1,819217</em>

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 = 30,240

Cost of the units transferred to finished goods:

22,050 beginning WIP balance

+ 207,000 x $1.6 materials

<u>+ 207,000 x $1.82 conversion cost </u>

<em>Total:</em> 729,990

7 0

2 years ago

Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2014, the company has the follo

gavmur [86]

Answer:

cash 4,900,000 debit

common stock 700,000 credit

additional paid-in 4,200,000 credit

in excess of Par-value

treasury stock: 360,000 debit

cash 360,000 credit

dividends 340,000 debit

dividends payable 340,000 credit

Explanation:

cash proceeds: 700,000 x 7 = 4,900,000

common stock: 700,000 x 1 = 700,000

additional paid-in: (difference) 4,200,00

treasury stock: 20,000 x 18 = 360,000

outstanding shares: 700,000 - 20,000 = 680,000

cash dividends: 680,000 x 0.50 = 340,000

6 0

3 years ago

Complaints about Microsoft’s Xbox video game consoles began immediately after its introduction. These complaints ranged from mis

Alex73 [517]

Answer:

Quality goal

Explanation:

Quality goals are objectives/targets of improvement in quality of the product produced or services rendered. Example of quality goals includes: reducing the number of defects, comparing quality of product or services to other competitors in the market, increasing durability, improving customer's experience and satisfaction, addressing data quality and process quality and so on.

In trying to solve the complaints problem, Microsoft needs to engage in a more rigorous QUALITY goal in order to improve the quality of the product.

3 0

3 years ago

In a job order cost accounting system, when goods that have been ordered are received, the receiving department personnel count

antiseptic1488 [7]

Answer:

The correct answer is letter "A": receiving report.

Explanation:

A receiving report is the document in which the goods purchased and received from a supplier are recorded. The document contains the details of the supplier, the type, price, and quantity of the goods being exchanged, and the conditions of the items. It is useful to keep the inventory updated and to eliminate the pending job orders from the records.

6 0

3 years ago

A firm has sales of $50,000, EBIT of $10,000, depreciation of $4,000, and fixed assets increased by $2,000. If the firm's tax ra

sergij07 [2.7K]

Answer:

$8,000

Explanation:

Data provided in the question:

Sales = $50,000

EBIT = $10,000

Depreciation = $4,000

Increase in Fixed assets = $2,000

Tax rate = 30%

Increase in net operating income = $1,000

Now,

PAT = EBIT - Tax

= 10,000 - (30% of EBIT)

= $10,000 - (30% of $10,000)

= $10,000 - $3,000

= $7,000

Operating cash flow = PAT + depreciation

= $7,000 + $4,000

= $11,000

Therefore,

Free cash flow

= Operating cash flow - Increase in Fixed asset - Net working capital

= $11,000 - $2,000 - 1,000

= $8,000

4 0

3 years ago