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OlgaM077 [116]
3 years ago
15

Baron Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following

information. Conversion costs are applied evenly throughout the process.
Beginning WIP Inventory: 11,000 Units
Transferred- in costs in beginning WIP Inventory: $113,200
Direct Materials cost in beginning WIP inventory: $27,500
Conversion costs in beginning WIP inventory: $27,750
Units transferred- in: 56,000 units
Transferred- in costs: $541,300
Units Completed: 52,000
Costs added: direct materials: $169,120
Costs added: conversion costs: $247,570
Ending WIP inventory: 15,000 Units

The total cost of units in ending WIP Inventory- Shaping would be closest to:_________

a. $270,450
b. $42,263
c. $42,255
d. $188,805
Business
1 answer:
bulgar [2K]3 years ago
8 0

Answer:

a. $270,450

Explanation:

Total cost of units in ending WIP Inventory = Cost in Material + Cost In Conversion Costs

Cost in Material = Equivalent Units in Work In Process x Cost per Equivalent Unit in Materials

Cost in Conversion Costs = Equivalent Units in Work In Process x Cost per Equivalent Unit in Conversion Costs

The total cost of units in ending WIP Inventory- Shaping would be closest to a. $270,450

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Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit.
Ne4ueva [31]

Answer: Cost and sales

Cost-volume-profit analysis is used to predict how changes in COST and SALES levels affect profit and requires the following four inputs: number of units sold, sales price per unit, variable cost per unit, and fixed costs.

Explanation:

hope this helps

7 0
2 years ago
Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $ 306 comma 000 . The total estimated
chubhunter [2.5K]

Answer:

Estimated manufacturing overhead rate= $38.25 per direct labor hour

Explanation:

Giving the following information:

Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $306,000. The total estimated direct labor hours for the coming year are 8,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 306,000/8,000= $38.25 per direct labor hour

5 0
3 years ago
Assume the owners of the only gambling casino in wisconsin spend large sums of money lobbying state government officials to prot
Oksana_A [137]
When the<span> owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists will refer to these expenditures as: Rent-seeking

Rent-seeking expenditure refers to an expenditure that happened in during the effort of lobbying external party in order to gain economic favor.</span>
6 0
3 years ago
Jim has a house payment of $2,000 per month of which $1,700 is deductible interest and real estate taxes with the remaining $300
Vaselesa [24]

Answer:

$1,490

Explanation:

Interest expense is tax deductible in the computation of after tax cost. Therefore, Jim will enjoy tax-induced saving on the $1,700 interest portion of his monthly house payment.

Tax saving on the interest payment is computed as follows:

$1,700 * 30% tax rate = $510.

Therefore, after-tax cost of Jim's house payment

= total monthly payment, less tax saving on interest

= $2,000 - $510

= $1,490.

4 0
4 years ago
Lifetime sells softball equipment. On November 14, they shipped $3,000 worth of softball uniforms to Palos Middle School, terms
Firdavs [7]

Answer:

The correct answer is $2,700.

Explanation:

According to the scenario, the computation of the given data are as follows:

Sell uniforms = $3,000

Sale return = $300

received order to produce in December = $1,800

So, we can calculate the net account receivable in November by using following formula:

Net account receivable =  Sales in November - Sales return in November

By putting the value, we get

= $3,000 - $300

= $2,700

7 0
3 years ago
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