1. Why might a defendant prefer to be sued in one state rather than in another

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that

FinnZ [79.3K]

Answer:

1.Total Equivalent Units Materials 471,600 Conversion 464,400

2. Cost Per Equivalent Unit Materials $ 1.33 Conversion $ 0.75

3. Cost of Ending Work In Process $ 39528

4. Cost Of Units Transferred Out = $ 936,000

5. Cost Materials $ 627 228 and Conversion $348,300

Explanation:

Builder Products, Inc.,

Weighted-Average Method

1. Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Transferred Out 450000 100 100 450,000 450,000

Ending WIP 36000 60 40 21,600 14,400

Total Equivalent Units 471,600 464,400

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

2. Cost Per Equivalent Units

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980 348,300

Equivalent Units 471,600 464,400

Cost per Equivalent Unit 624980/471600 348300/464400

$ 1.33 $ 0.75

3. Cost of Ending Work In Process $ 39528

Materials = 21600 * $ 1.33= $ 28728

Conversion = 14400 * $ 0.75= $10800

We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 = $ 337,500

5. A Cost Reconciliation Report

Materials Conversion

Ending WIP $ 28728 $10800

Transferred Out $ 598,500 $ 337,500

Total  627 228** 348,300

These calculated costs reconcile with the costs given in the above data.

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980** 348,300

The difference is in the cost of materials which is actually 624,980** and we found it out to be   627 228** . This is because we rounded the Cost per Equivalent Unit of material from $ 1.325 to $1.33

If we multiply 1.325 * 471,600 we get $ 624870 which is almost the same.

5 0

3 years ago

If a new restaurant owner determines that she does not have sufficient funds to open a new location, where does this determinati

luda_lava [24]

Answer:

This determination belongs to "W" in SWOT analysis.

Explanation:

SWOT is an analyzing technique of the organizations. It stands for Strength, Weakness, Opportunities, and Threats. Here, strength includes various resources in which the company is doing better whereas weaknesses include the inefficiency of the company. Opportunity refers to various other alternatives for the company and threat includes various possibilities or situations that can harm the company, for example, emerging competition. Therefore, we can say that not having sufficient funds is a part of “W” in the SWOT analysis.

6 0

3 years ago

On StatSim, how does a firm get their market share to increase?

monitta

Answer:

I need some points please

6 0

3 years ago

An error in the ending inventory balance in Year 1 will also affect: (You may select more than one answer.)

Virty [35]

Answer:

A) Year 1 cost of goods sold

B) Year 2 cost of goods sold

D) Year 2 beginning inventory

Explanation:

A) Year 1 expense of merchandise sold : The Current year cost of Goods Sold is processed by deducting finishing stock from Opening Inventory and Purchases made during the year. So in the event that the completion stock isn't right, at that point the result of above calculation will not be right so the Year 1 expense of merchandise sold for example (Current year cost of Goods Sold) will be inaccurate.

D) Year 2 starting stock: year 2 starting stock is equivalent to year 1 completion stock. So on the off chance that off-base stock estimation is made at end of earlier year, at that point current year opening worth will be carried on as off-base.

B) Year 2 expense of merchandise sold: The explanation is same as ans q(i.e. Year 1 expense of merchandise sold) as off-base convey forward opening stock worth will bring about wrong calculation of cost of products sold for year 2.

6 0

3 years ago

Often an employer will open an interview with, "tell me about yourself." what question is the employer really asking?

laiz [17]

Qualities you have for this position.

6 0

3 years ago