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Anuta_ua [19.1K]
3 years ago
12

The production department in a process manufacturing system completed 80,000 units of product and transferred them to finished g

oods during a recent period. Of these units, 32,000 were in process at the beginning of the period. The other 48,000 units were started and completed during the period. At period-end, 17,500 units were in process.
Prepare the department’s equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing.
Business
1 answer:
charle [14.2K]3 years ago
4 0
Answer:
1. 96,000
2. 92,000
3. 89,600
Explanation:
The computation of given question is shown below:-
1. Total Equivalent units of production
Units Percentage of Equivalent units of
material production material
Goods completed 80,000 100% 80,000
Ending goods in
process 16,000 100% 16,000
Total Equivalent units of production 96,000
2. Total Equivalent units of production
Units Percentage of Equivalent units of
material production material
Goods completed 80,000 100% 80,000
Ending goods in
process 16,000 75% 12,000
Total Equivalent units of production 92,000
3. Total Equivalent units of production
Units Percentage of Equivalent units of
material production material
Goods completed 80,000 100% 80,000
Ending goods in
process 16,000 60% 9,600
Total Equivalent units of production 89,600
So, for computing the all three points of Equivalent units of production we simply added the Goods completed of Equivalent units of production material with Ending goods in process of Equivalent units of production material. Hope this helps! Mark brainly please!
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Katen [24]

Available Options Are:

(A) Both focus on management responsibility, fulfillment of requirements, continuous improvement, prevention over inspection, and product excellence

(B) Both focus on management responsibility, continuous improvement, prevention over inspection, and customer satisfaction

(C) Both focus on management responsibility, fulfillment of requirements, continuous improvement, prevention over inspection, and customer satisfaction

(D) Both focus on management responsibility, continuous improvement, prevention over inspection, and product excellence

Answer:

Option B. Both focus on management responsibility, continuous improvement, prevention over inspection, and customer satisfaction

Explanation:

The quality management and the project management both are management study. Secondly, both of these focus on the improving the project quality and making it better in the every next step. Both management techniques prefer mistake prevention techniques over the continuous prevention which cost lower. These three things were common in all of the option above and are written in bold letters.

Option A is incorrect because fulfillment of requirements and product excellence is not part of project management though it is part of quality management.

Option B is correct because both project management and quality management says that customer satisfaction comes from quality output.

Option C is incorrect because fulfillment of requirements is not part of project management though it is part of quality management.

Option D is incorrect because product excellence is not part of project management though it is part of quality management.

8 0
3 years ago
When changing from the average cost method to FIFO, the company:
Lesechka [4]

Answer: B. Revises comparative financial statements.

Explanation:

When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.

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3 years ago
The first step in the rational decision-making model is to:
DerKrebs [107]
I would say define the situation. 

8 0
3 years ago
Janet works on a team of 15 people working in research and development for a toymaker. They have weekly meetings to discuss new
RideAnS [48]

Answer:

D. production blocking.

Explanation:

Janet is suffering from production blocking. This is an issue encountered in brainstorming sessions related to the fact that only one member must speak at a time which can prevent other members from sharing their ideas as they occur and make it difficult for them to concentrate in their own idea since they need to be paying close attention to whatever is being said.

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Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes
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Answer:

c. Cash....................................................................................... 12,000

Equipment .................................................................... 6,000

Gretel, Capital .......

Explanation:

The journal entry is as follows;

Cash Dr $12,000

Equipment Dr $6,000

      To Gretel capital $18,000

(Being the investment done by gretel is recorded)

Here the cash  and equipment is debited as it increased the assets while on the other hand the capital account is credited as it also increased the shareholder equity

Therefore the option c is correct

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