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solniwko [45]
3 years ago
12

Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi

als and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2017 are: Work in process, beginning inventory, 30% converted 200 units Units started during February 800 units Work in process, ending inventory 240 units Costs for Department A for February 2017 are: Work in process, beginning inventory: Direct materials $150,000 Conversion costs $210,000 Direct materials costs added during February $603,000 Conversion costs added during February $429,000 How many units were completed and transferred out of Department A during February
Business
1 answer:
UNO [17]3 years ago
6 0

Answer:

Units transferred out = 760

Explanation:

If we assume that all units are completed in the order of arrival i.e (FIFO), then the units transferred out is the sum of the opening inventory and the units started and completed in the period. The units started and completed in the period is referred to fully-worked.

Fully worked is computed as the units started in the period less the closing inventory .

Fully- worked = 800 - 240 = 560

The units transferred out = opening inventory + Fully-worked

                                          = 200 + 560 = 760

Units transferred out = 760

Note we assumed that the units of the inventory( started last period i.e January) would be worked on first in the month of February  before any other units. So, it is assumed completed by the end of February

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labwork [276]
The answer to this question is: Educate
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5 0
3 years ago
Use information from the Washington Post article "Why We've Been Hugely Underestimating the Overfishing of the Oceans" to determ
antiseptic1488 [7]

Answer:

"Why We've Been Hugely Underestimating the Overfishing of the Oceans"

Determining whether each statement is true or false:

a. False

b. True

c. False

d. True

Explanation:

The article "Why We've Been Hugely Underestimating the Overfishing of the Oceans," was published by the Washington Post on January 19, 2016.  It was written by Chelsea Harvey.  It tried to show how the world fish stock had been declining due to overfishing.  This is why it provided a report contrary to the FAO report.  

While the FAO report noted that the peak of worldwide catches was at 86 million tons in 1996, the contrary and independent report, using "catch reconstruction" showed that the peak was at 130 million tons in 1996.  The reconstructed research also showed that worldwide fish catches had suffered declines ever since the 1996 peak, thereby threatening "world food security and marine ecosystems".  The contrary report also suggested that all stakeholders must collaborate so that fish stocks can rebuild naturally.

3 0
3 years ago
In evaluating independent projects, no incremental analysis is necessary between projects. Each project is evaluated separately
fenix001 [56]

TRUE

<u>Explanation:</u>

The correct answer is true as the independent projects are selected based on the net present worth and the rate of return and do nothing alternative. In the independent projects, there is no need for the incremental B/C analysis. Simple B/C ratio will do it. If the B/C > 1, benefits outweigh the costs and the project is selected provided that there is no budget limitation. Thus, the given statement is absolutely the true one.

6 0
3 years ago
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a
Natali5045456 [20]

Answer:

Adjusted Balance      31,671

Explanation:

<em>CASH </em>

Balance                       25,497

Service Charge               -11

Collection in firm behalf 7,000

NSF                           -805

accounting mistake       -10

Adjusted Balance          31,671

<em>BANK </em>

Balance                   26,808

Outstanding Check   -3,269

Deposit in transit       8,132

Adjusted Balance      31,671

The goal of the reconciliation is to make up for the unknow information for each party. The bank and the firm We are goin to make jounral entries for all the infoamrition which is unknow to the firm until the bank statement is received.

8 0
3 years ago
The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not
suter [353]

Answer:

B) False

Explanation:

Under the cost benefit analysis a statement is prepared in order to compute the financial aspects of the transaction.

This clearly provides for the estimate to be made towards all the transactions.

But there is a problem in such analysis that exact estimate or even nearby estimate in terms of amount is not feasible to be computed of benefits and cost as well.

And significantly all the benefits can not be traced monetarily.

5 0
3 years ago
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