15. Sarah works at the local car deaership. She sells cars at a 6.75%

Matrix Inc. calculates cost for an equivalent unit of production using weighted average method . Data for July: Work in process

OverLord2011 [107]

Answer:

Matrix Inc.

The cost of goods completed and transferred out under the weighted-average method is calculated to be:

C. $571,200

Explanation:

a) Data and Calculations:

Data for July:

Work in process inventory, July 1 (36,000 units)

Direct materials (100 % completed) $122,400

Conversion (50 % completed) 76,800

Balance in work in process inventory, July 1 $199,200

Units started during July 90,000

Units completed and transferred 102,000

Work in process inventory, July 31 24,000

Direct materials (100% completed)

Conversion (50% completed)

Cost incurred during July:

Direct materials$180,000

Conversion costs 288,000

Physical flow:

Work in process inventory, July 1 (36,000 units)

Units started during July 90,000

Units completed and transferred 102,000

Work in process inventory, July 31 24,000

Units Direct materials Conversion

Equivalent units of production:

Units completed and transferred 102,000 102,000 102,000

Ending work in process 24,000 24,000 (100%) 12,000 (50%)

Total equivalent units 126,000 114,000

Cost of production:

Direct materials Conversion Total

Beginning work in process $122,400 $76,800 $199,200

Costs incurred during July 180,000 288,000 468,000

Total production costs $302,400 $364,800 $667,200

Cost per equivalent unit:

Direct materials Conversion

Total production costs $302,400 $364,800

Total equivalent units 126,000 114,000

Cost per equivalent unit $2.40 $3.20

Cost assigned to: Direct materials Conversion Total

Completed and transferred out $244,800 $326,400 $571,200

Ending work in process 57,600 38,400 96,000

Total costs assigned $302,400 $364,800 $667,200

4 0

3 years ago

American political history can be understood as a perennial battle between state power and national power. The Civil War is perh

lesya [120]

Answer:

The battle of who should hold more power, the national government or the states, is perhaps the most seasoned battle in American history. Many believe that the states should hold more control over the national government, yet I differ sometimes. In the present society we have progressing banters about numerous points that worry general society. One of the huge issues that gets talked about frequently is whether maryjane ought to be authorized or not. I am fair with regards to this specific point, yet I do have a solid feeling on who ought to choose. At this moment, there are a few states around the nation that have authorized it, however the National government has not. This makes things incredibly confounding most definitely. The other concern I have is with the detained populace because of cannabis infringement. I think that its unjustifiable that there are individuals getting detainment charges for accomplishing something that another resident in a neighboring state is openly doing. I comprehend that individuals are worried about the possibility that that on the off chance that we permit the national government to settle on choices like this, at that point they will develop to be excessively ground-breaking, however I differ right now. There are measures set up to adjust the forces of the government, and we should confide in what the organizers had as a top priority when they drafted the constitution. At the point when they made the constitution, they gave the central government all the forces they figured they ought to have Article 1 area 8. They did this with the aim that they would shield the central government from getting excessively huge. The originators were clever people however, and they realized that the issues written in 1787 would not be the main ones to cross the ways of the American individuals. Considering this they included the "essential and legitimate statement", which was added to guarantee they could manage issues that emerged later on.

5 0

3 years ago

Cinci Co. leased equipment for its entire 10-year useful life, agreeing to pay $50,000 at the start of the lease term on Decembe

Sedaia [141]

Answer:

The amount that Allen should report as capital lease liability in its December 31, Year 2, balance sheet is $266,746.

Explanation:

From the question, it can be seen that 10% is used by the lessee. The reason is that the 10% is what is known by the lessee and it is also lower than 12%. Therefore, we have:

Balance of the lease liability after the first payment = Present value on December 31 of Year 1 - Amount of the first payment = $337,951 - $50,000 = $287,951

It should noted that there is no interest in the amount of the first payment as it was an immediate payment.

Interest expense in Year 2 = 10% * Balance of the lease liability after the first payment = 10% * 287,951 = $28,795

Lease liability paid in Year 2 = Cash paid - Interest expense in Year 2 = $50,000 - $28,795 = $21,205

The journal entries at December 31, Year 2 will then be as follows:

Accounts Title Debit ($) Credit ($)

Lease liability 21,205

Interest expense 28,795

Cash 50,000

(To record lease payment.)

Therefore, we have:

Capital lease liability on December 31 of Year 2 = Balance of the lease liability after the first payment - Lease liability paid in Year 2 = $287,951 - $21,205 = $266,746

Therefore, the amount that Allen should report as capital lease liability in its December 31, Year 2, balance sheet is $266,746.

3 0

3 years ago

"As a result of the increase in government expenditures, the" A. money supply curve will shift right. B. money supply curve wil

blondinia [14]

Answer:

A. money supply curve will shift right.

Explanation: when the supply of money is increase by the central bank,the money supply curve will shift right. Leading to a lower interest rate,but,the money supply curve shifts left, when the supply of money falls,which leads to higher interest rate.

8 0

3 years ago

Read 2 more answers

Billy's Hamburger Barn has a single drive-up window. Currently, there is one attendant at the window who takes the order (20

Umnica [9.8K]

Answer:

The map of the current process is found in the attached

The minimum cycle time is 1 min 40 seconds

The longest cycle time is 2 min 35 seconds

The new minimum cycle is 1 min 15 seconds

The new longest cycle time is 2 mins

The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.

The problem could be solved by ensuring the taking money and packaging takes the same time.

Explanation:

Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds

The longest cycle time=30+90+35=155 seconds=2 min 35 seconds

The new minimum cycle time=20+55=75 seconds=1 min 15 seconds

Taking customer's money also happened in the first 35 seconds of the 55 seconds above.

The new longest cycle time=30+90=120 seconds=2 mins

Download xlsx

6 0

3 years ago