1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lianna [129]
2 years ago
5

"The Marlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units,

100% completed for direct material 75% completed for conversion costs Started in November: 10,000 units Transferred to Dept B: 12,000 units W-1-P Nov. 30: 6,000 units, 100% completed for direct material 50% completed for conversion costs COSTS: W-1-P Nov. 1: Direct Materials $9,600 Conversion 4,800 Costs added in November: Direct Material $15,600 Conversion 14,400 a) Use the WEIGHTED AVERAGE method. Prepare a complete process costing schedule for Dept. A for November. Prepare a set of summarized journal entries for all November transactions affecting work-in-process, Dept A including the transfer to Dept B. Overhead was allocated at 400% of direct labor costs. Show all computations. b) Use the FIFO method. Prepare a complete process costing schedule for Dept. A for November. Show all computations."
Business
1 answer:
Law Incorporation [45]2 years ago
6 0

Answer:

The Marlene Doll Co.

Weighted-AVerage Method

Cost of production:

COSTS: W-1-P Nov. 1:                    $9,600         $4,800

Costs added in November:           15,600         14,400

Total costs for the month          $25,500       $19,200

Equivalent units of production:

                                       Units   Materials  Conversion

Transferred to Dept B: 12,000     12,000        12,000

W-1-P Nov. 30:               6,000       6,000         3,000

Equivalent units                            18,000        15,000

Cost per equivalent units:

                                            Materials    Conversion

Total costs for the month   $25,500       $19,200

Equivalent units                      18,000         15,000

Cost per equivalent unit       $1.42           $1.28

Costs assigned to:

Units Transferred to Dept B:  $17,040      $15,360              $32,400

                                     (12,000 *$1.42)     (12,000 * $1.28)  

W-1-P Nov. 30:                           8,520           3,840                 12,360

                                     (6,000 *$1.42)     (3,000 * $1.28)

Total costs assigned           $25,560       $19,200              $44,760

 

FIFO Method

Equivalent units of production:

                                                Units   Materials  Conversion

W-1-P Nov. 1:                           8,000      0 (0%)        2,000  (25%)

Units started & completed: 10,000     10,000        10,000

W-1-P Nov. 30:                       6,000      6,000         3,000

Equivalent units                                   16,000        15,000

Cost per equivalent units:

                                            Materials    Conversion

Total costs for the month    $15,600         14,400

Equivalent units                      16,000        15,000

Cost per equivalent unit       $0.975        $0.96

Costs assigned this month to:

Work-in-Process                      $0                 $1,920                $1,920

                                     (0 *$0.975)         (2,000 * $0.96)  

Units completed                      $9,750        $9,600              $19,350

                                     (10,000 *$0.975)   (10,000 * $0.96)  

W-1-P Nov. 30:                           5,850           2,880                 8,730

                                     (6,000 *$0.975)    (3,000 * $0.96)

Total costs assigned            $15,600        $14,400            $30,000

Total costs of:

Units transferred out         $19,350       $16,320         $35,670

W-1-P Nov. 30:                       5,850           2,880              8,730

Total costs                        $25,200       $19,200         $44,400

Explanation:

a) Data and Calculations:

Dept. A. UNITS:

                                        Units   Materials  Conversion

W-1-P Nov. 1:                    8,000      100%           75%

Started in November:   10,000

Transferred to Dept B: 12,000      100%          100%

W-1-P Nov. 30:                6,000      100%           50%

You might be interested in
________ development is a joint approach among those who seek economic growth with "wise resource management, equitable distribu
Mnenie [13.5K]

Answer:

<u>Sustainable</u>

Explanation:

Sustainable development in simple terms refers to the development which can be sustained or carried forward for a long period of time.

It refers to satisfying and meeting the needs of the current generation without jeopardizing the needs and resource availability for the future generations.

Economic development refers to the rise in per capita income while sustainable development incorporates economic as well as human development.

Such development aims at judicious usage of resources , equitable distribution of resources and reduction in wastage.

7 0
2 years ago
What is the price of a coupon bond that has annual coupon payments of $75, a face value of $1000, interest rate of 5%, and a mat
Citrus2011 [14]

$1,046.49.

The price of a coupon Bond that has periodic coupon payments of $ 75, a face value of  $ 1000, an interest rate of 5%, and a maturity of two times is $1,046.49.

Coupon Bond: A bond having tickets attached that reflect semiannual interest payments is known as a coupon bond, deliverer bond, or bond pasteboard. With coupon bonds, the issuer doesn't keep any records of the buyer, and no instrument has the buyer's name moreover.

The price of a coupon bond that has periodic coupon payments of $75, a face value of $1000, an interest rate of 5%, and a maturity of two times is $1,046.49.

To learn more about Coupon Bond, visit the following link:

brainly.com/question/26376004

#SPJ4

6 0
1 year ago
Suppose changes in autonomous consumption affect investment while changes in autonomous government spending do not. in this case
Charra [1.4K]
 in this case, identical changes in autonomous consumption and autonomous government spending: <span> have different effects on equilibrium income

When a factor is implemented and have two different reaction, it is safe to assume that that factor have two different effects.
For example, an increasing interest in technology(autonomous consumption) may increased the investment for tech products. The government spending may not give as much influence in this context because it wont affect the transaction between the customers and the producer
</span>
8 0
3 years ago
4. Malik's father recently died. His dad had an insurance
Salsk061 [2.6K]

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

brainly.com/question/1373572

#SPJ1

7 0
2 years ago
The Chart Company has a process costing system. All materials are added when the process is first begun. At the beginning of Sep
Strike441 [17]

Answer:

c) 48,000

Explanation:

<em>Equivalent Units</em>

To apportion cost between work in progress and completed units in a particular period, we use equivalent units. Equivalents units  are notional whole units which represent incomplete work and are used to apportion cost between completed units and work in progress

<em>Equivalent Units = Degree of Completion × Units of products</em>

<em />

<em>Item                                        units          workings                 E.U</em>

Finished products          45,000        100% × 45,000 =     45,000

Closing WIP                      5000             3/5 ×  5000    =       3,000

                          Total equivalent unit                               48,000

Equivalent unit for the conversion cost= 45000 +3000= 48,000

6 0
3 years ago
Other questions:
  • When the economy enters a​ recession, your employer is​ ___________ to reduce your wages because​ _______.
    11·1 answer
  • You are caring for radiation victims. What is the most important factor that you should consider to assess a client's chance of
    13·1 answer
  • The ________ states that it can be beneficial for two countries to trade without barriers as long as one is relatively more effi
    14·1 answer
  • How taxation and legislation impact positively and negatively on a company?
    14·1 answer
  • Which of the following scenarios describe an object being acted on by a non-conservative force?a. A puck hovers and glides acros
    7·2 answers
  • A test-validation strategy performed by demonstrating that the items, questions, or problems posed by a test are a representativ
    8·1 answer
  • Explain a communication module<br>.​
    5·1 answer
  • Examples of veriable costs​
    14·1 answer
  • This is my mom channel please subscribe​
    13·1 answer
  • Brainlest???
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!