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Romashka [77]
3 years ago
8

Loanstar had 150 units in beginning inventory before starting 950 units and completing 900 units. The beginning work in process

inventory consisted of $2,000 in materials and $4,000 in conversion costs before $7,900 of materials and $13,280 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 30% complete with regard to conversion costs. Use the above information to complete a production cost report. Enter all amount as positive values.
Business
1 answer:
Lubov Fominskaja [6]3 years ago
7 0

Answer:

Loanstar

Production Report:

                             Units     Materials    Conversion    Total

Beginning WIP     150         $2,000       $4,000          $6,000

Started                950           7,900         13,280            21,180

Total                  1,100         $9,900       $17,280        $27,180

Completed         900              900             900

Ending WIP        200              200 (100%)    60 (30%)

Total equivalent units           1,100             960

Cost per equivalent unit    $9              $18

Cost assigned to:

Units completed               $8,100           $16,200         $24,300

Ending WIP                          1,800               1,080              2,880

Total cost of production $9,900           $17,280           $27,180

Explanation:

a) Data and Calculations:

                             Units     Materials    Conversion    Total

Beginning WIP    150         $2,000       $4,000          $6,000

Started               950           7,900         13,280            21,180

Total                 1,100         $9,900       $17,280        $27,180

Completed        900           900             900

Ending WIP       200            200 (100%)   60 (30%)

Total equivalent units       1,100             960

Cost per equivalent unit    $9              $18

Cost assigned to:

Units completed               $8,100           $16,200         $24,300

Ending WIP                          1,800               1,080              2,880

Total cost of production $9,900           $17,280           $27,180

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Immediately after graduating you bought a car with a bank loan of $20,000. The term of the loan is 5 years with monthly payments
xz_007 [3.2K]

Answer:

Explanation:

Principal borrowed =$20,000

Loan year=5years

Monthly interest =12%

We need to find the amount after 12years

Compound interest is give as

Using compound interest formula

A=P(1+r/n)^nt

Where,

P = principal amount = $20,000

r = annual rate of interest =12%=0.12

t = number of years the amount invested =5years

A = amount of money accumulated after n years, including interest.

n = number of times the interest is compounded per year=12months

Therefore,

A=P(1+r/n)^nt

A=20,000(1+0.12/12)^5×12

A=20,000(1+0.01)^60

A=20,000(1.01)^60

A=20,000×1.817

A=$36,333.9

So he is meant to pay $36,333.9 for 5years (60months)

Then he will pay

$36,333.9/60

He will pay $605.57 per month

So his twelfth payment is 605.47×12=$7266.78

Using is normal payment

He is suppose to pay $20,000 at a rate of $20,000/60=333.33

Then after the twelve payment, then he his supposed to pay $333.33×12=$4000

So the interest between on the twelfth payment is 7266.78-4000 =$3266.9

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Argue why a product launch that exceeded expectations may actually be a negative result.
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Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $60,000, and Retained
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Explanation:

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The gold standard emerged at the center of the international monetary system in the ___________ until the first world war
dangina [55]

The gold standard emerged at the center of the international monetary system in the <u>1880s </u>until the first world war.

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2 years ago
The following information relates to the Matthew Young Company.
zvonat [6]

Answer:

year 2016   $  68,400

year 2017   $   99,488

year 2018   $   97,076

year 2019   $ 109,704

year 2020  $  95,602

Explanation:

2016: year-base the nominal is the same as the ending

2017:

122,744 x 100/134 = 91,600

second layer:

91,600 - 68,400 = 23,200

ending inventory

base layer              68,400

23,200 x 134/100 = 31,088

total                       99,488

2018:

132,904 /1.48 = 89,800

89,800 - 68,400 = 21.400

21,400 x 1.34 = 28,676

68,400 + 28,676 = 97,076

2019:

150,920 / 1.54 = 98,000

98,000 - 68,400 = 29,600

29,600 - 21,400 = 8,200

<u>Layers</u>

68,400 x 100/100 =  68,400

21,400 x 134/100 =  28,676

 8,200 x 154/100 =<u>  12,628</u>

Ending Inv              109,704

2020:

141,920 / 1.60 = 88,700

88,700 - 68,400 = 20,300

<u>Layers:</u>

68,400 x 100/100 = 68,400

20,300 x 134/100 = <u> 27,202 </u>

Ending Inventory      95,602

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3 years ago
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