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STALIN [3.7K]
3 years ago
6

MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con

sisted of 57,200 units, 75% complete with respect to direct labor and overhead. The direct labor beginning inventory costs were $10,700. The department completed and transferred out 109,500 units this period. The ending inventory consists of 47,200 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $42,000 and overhead costs of $50,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:
Business
1 answer:
Eddi Din [679]3 years ago
3 0

Answer:

$0.43

Explanation:

                                  Equivalent Units

                                                                                         Labor

                                                                       % Completion       Units

Units Completed and Transferred out                100%             109,500

Ending Work in Process                                       25%               <u>11,800   </u>

Total Equivalent units                                                                 <u>121,300  </u>

<u />

Particulars                                         Amount

Beginning work in Process               10,700

Cost Added during May                    <u>42,000</u>

Total cost added during the year   <u>$52,700</u>

<u />

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

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Based on an information management system, Business Continuity Planning identifies the flow of critical business data.

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3 0
1 year ago
American airlines traded eight 747s for twelve dc-10s owned by united airlines. this transaction is an example of
OLga [1]
American Airlines traded eight 747s for twelve DC-10s owned by United A<span>irlines. this transaction is an example of </span>barter.<span> Barter is a commercial transaction whereby two parties are </span><span>exchanging goods or services without the involvement of money. In this example, it is clearly a barter </span>transaction.<span> The </span><span>American Airlines traded a property with another property to United Airlines. There was no involvement of money in this transaction. The quantity of the property being traded is not necessarily equal because this would depend on the price of the property being traded in by the parties. In this example, United Airlines traded more pieces of their property to American Airline. This may be due to the price difference of the two properties.</span>
3 0
3 years ago
Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake
USPshnik [31]

Answer:

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Explanation:

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7 0
3 years ago
Read 2 more answers
. Dolores used to work as a high school teacher for $40,000 per year but quit in order to start her own catering business. To bu
VladimirAG [237]

Answer:

The correct option is B

Explanation:

In order to compute the profit, the accountant consider the Explicit cost so,

Explicit Cost = Borrowed amount × Interest rate + Ingredients amount

                     = $30,000 ×  3% + $25,000

                     = $259,000

Where Revenue is $60,000

Profit = Revenue - Explicit Cost

        = $60,000 - $259,000

        = $34,100

Economic Profit is computed as:

Economic Profit = Total Profit - Implicit Cost

                          = $34,100 - $40,600

                          = - $6,500

where

Implicit Cost = Salary + Interest

                = $40,000 + ($20,000 × 3%)

                =  $40,000 + $600

                = $40,600

Therefore, Louis says profit is $34,100 and Greg says she lost $6,500

5 0
3 years ago
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dimulka [17.4K]

Answer:

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Explanation:

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4 0
3 years ago
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