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3 years ago

Calculate the planned shortage in dollars if the planned shortage % is 1.64% and the planned net sales are $1,189,000.

Business

1 answer:

EleoNora [17]3 years ago

6 0

Answer:

the planned shortage in dollars is $19,499.60

Explanation:

The computation of the planned shortage in dollars is shown below:

= Percentage of planned shortage × planned net sales

= 1.64% × $1,189,000

= $19,499.60

hence, the planned shortage in dollars is $19,499.60

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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fields company has two manufacturing departments, forming and painting. the company uses the weighted average method and it repo

UNO [17]

The equivalent units of production for both direct materials and conversion for the forming department is 369,000, 384,000. b. The costs per equivalent unit of production for both direct materials and conversion for the forming department is 4.898, 3.129.

<h3>Equivalent unit of material and conversion</h3>

1. Equivalent unit of material and conversion

Unit transferred out = 34,500+490000-30000

Unit transferred out= 394,500

Equivalent unit of material = 394,500+(30000×85%)

Equivalent unit of material= 369,000

Equivalent unit of conversion = 394,500+(30000×35%)

Equivalent unit of conversion = 384,000

2. Cost per equivalent unit

Material = (56,200+1,800,200)/379,000 = 4.898

Conversion = (22,900+1,179,000)/384,000 = 3.129

3. Total Cost assigned

Cost assignment and reconciliation

Cost of units transferred out

Direct material= (394,500×4.898)

Direct material=1,932,261

Conversion=394,500×3.129

Conversion=1,234,391

Total Cost transferred out=1,932,261+1,234,391

Total Cost transferred out=3,166,652

Cost of ending work in process:

Direct material=(394,500-369,000)×4.898

Direct material=124,899

Conversion=(384,000-369,000)×3.129

Conversion=49,935

Total Cost of ending work in process= 124,899+49,935

Total Cost of ending work in process= 171,834

Hence:

Total Cost assigned=Total Cost transferred out+Total Cost of ending work in process

Total Cost assigned=3,166,652+171,834

Total Cost assigned=3,338,486

Therefore the equivalent units of production for both direct materials and conversion for the forming department is 369,000, 384,000. b. The costs per equivalent unit of production for both direct materials and conversion for the forming department is 4.898, 3.129.

Learn more about equivalent units for material and conversion here:brainly.com/question/24180104

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6 0

2 years ago

Holly would like to plan for her daughter’s college education. She would like for her daughter, who was born today, to attend co

Ugo [173]

Answer:

Holly must save $2845.81 at the end of each year

Explanation:

first calculate the value of tuition fees at n = 18

Cash flow formula = Tuition × $(1+0.07)^{n}$

Discounted CF formula = Cash flow ÷ $(1+0.10)^{year}$

10.00% 0

Year Cash flows Discounted CF

0 33,799.32 33799.32

1 36,165.28 32877.52

2 38,696.84 31980.86

3 41,405.62 31108.66

FV = $129,766.37

PV = 0

N = 18

rate = 10%

using PMT function in Excel

Annual contribution = $2845.81

4 0

3 years ago

Your total sales during a six-hour shift were $1,200. Your individual performance in terms of sales per hour would be:

Anit [1.1K]

Answer:

b. $200

Explanation:

The computation of the individual performance is shown below:

= Total sales ÷ number of shift hours

= $1,200 ÷ 6 hours

= $200

It means that per hour, the individual performance is $200

We simply divide the total sales by the number of shift hours, so that the sales per hour can determined

It shows a relationship between the total sales and the number of shift hours

4 0

3 years ago

Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs

Finger [1]

Answer:

The budgeted materials needed in units for April = 67000 litres

Explanation:

The budgeted production for April = 68000 units

The budgeted production for may = 64000 units

The cost of raw material per unit = $1.70 per unit

It is given that at the end of each month the inventory should be = 25%

The April 1 inventory = 17000 units

Now calculate the material required for April production: $= [ Materials needed + ending inventory requirements - beginning inventory available ]$ $= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres$

Therefore, the budgeted materials needed in units for April = 67000 litres

7 0

3 years ago

King Mechanic is a very profitable automobile repair shop. The company is well known for its great service and involvement in th

Sophie [7]

Answer:

Social

Explanation:

Social responsibility refers to an individual or organization's obligations towards society to protect and preserve environment and natural resources. Organizations are supposed to earn profits without hampering the environment.

Here, King Mechanic earns profit but fails to fulfill social responsibility of disposing used oil safely as instructed in the environmental regulations.

4 0

3 years ago