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
Semmy [17]
3 years ago
14

Item 12 A production department's output for the most recent month consisted of 10,500 units completed and transferred to the ne

xt stage of production and 10,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs. There were 1,100 units in beginning Work in Process inventory, and they were 80% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Business
1 answer:
Ludmilka [50]3 years ago
7 0

Answer:

Total equivalent units= 16,800

Explanation:

Giving the following information:

Beginning inventory= 1,100 units 80% complete

Units produced= 10,500 units

Ending WIP= 10,500 60% complete

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

Beginning inventory= 0

Units completed in the period= 100%

Ending inventory WIP= units*completion

<u>In this exercise:</u>

Beginning inventory= 0

Units completed in the period= 10,500

Ending inventory WIP= 10,500*0.6

Total equivalent units= 16,800

You might be interested in
The Azuza Company owns no plant assets and had the following income statement for the year:
Nutka1998 [239]

Answer:Please see answer below

Explanation:

Solving

Net income= $16,000

Change in asset and liabilities

Accounts receivable Increased $67,000- $59,000 =- -8000

Inventory Decreased 62,000- 86,000=24,000

Prepaid rent --Increased 9,000- 7,000 = -2000

Accounts payable ---decreased 22,000 -30,000 = -8000

Wages payable ----Increased 9,000- 7,000=2000

Net cash provided by operating activity.=24,000+ 2000-(8000+2000+8000)

= $24,000

Net income= $16,000

Change in asset and liabilities

Accounts receivable--Increase -$8,000

Inventory--Decreased-- $24,000

Prepaid rent --Increased -$2,000

Accounts payable ---decreased-$8,000

Wages payable ----Increased $2,000

Net cash provided by operating activities,= $24,000

6 0
3 years ago
Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm
Novay_Z [31]

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

<h3>How much is the initial outlay?</h3>

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

Find out more on fixed asset capitalization at brainly.com/question/25355478

#SPJ1

3 0
2 years ago
This information relates to Pickert Real Estate Agency.
nikitadnepr [17]

Answer:

The debit-credit analysis for each transaction is given below.

Oct. 1 Stockholders invested $30,000 in exchange for common stock of the corporation.

No effect (it is purchase of share already issued on stock exchange)

Oct. 2 Hires an administrative assistant at an annual salary of $42,000.

No effect (As hiring is not a transaction)

Oct. 3 Buys office furniture for $4,600, on account.

Debit Furniture Asset         $ 4,600

Credit Account Payable     $ 4,600

Oct. 6 Sells a house and lot for M.E. Petty; commissions due from Petty, $10,800 (not paid by Petty at this time).

Debit Commision Receivable        $ 10,800

Credit Commission Income            $ 10,800

Oct. 10 Receives cash of $140 as commission for acting as rental agent renting an apartment.

Debit Cash Asset                                    $ 140

Credit Rental Commission Income         $ 140

Oct. 27 Pays $700 on account for the office furniture purchased on October 3.

Debit Account Payabe     $ 700

Credit Cash                       $ 700

Oct. 30 Pays the administrative assistant $3,500 in salary for October.

Debit Salary Expense      $ 3,500

Credit Cash                       $ 3,500

7 0
3 years ago
During its first year of operations, a company entered into the following transactions: Borrowed $20,000 from the bank by signin
Alenkinab [10]

Answer:

$62,400

Explanation:

Assets are Economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.

Assets include the following Amounts:

Cash from Bank Note              $20,000

Cash from Stock Issues           $40,000

Supplies Inventory                     $4,000

Payment for Supplies                ($1,600)

Total Available Assets             $62,400

5 0
3 years ago
Is this bond currently trading at a​ discount, at​ par, or at a​ premium? Explain. ​(Select the best choice​ below.) A. Because
Dmitrij [34]

A. Because the yield to maturity is less than the coupon​ rate, the bond is trading at a discount. FALSE

<u>Explanation:</u> If the yield to maturity (YTM) is less than the Coupon rate (CR) the bond is trading at a premium

B. Because the yield to maturity is greater than the coupon​ rate, the bond is trading at par. FALSE

<u>Explanation:</u> If the yield to maturity (YTM) is greater than the Coupon rate (CR) the bond is trading at a discount.

C. Because the yield to maturity is less than the coupon​ rate, the bond is trading at a premium. TRUE

D. Because the yield to maturity is greater than the coupon​ rate, the bond is trading at a premium. TRUE

7 0
3 years ago
Other questions:
  • The following data are available for the Phelps Corporation for a recent month: Product A Product B Product C Total Sales $ 150,
    10·1 answer
  • When Anhueser Busch InBev sells Budweiser beer made in St. Louis, MO, to Germany, the sales of its product would be classified a
    8·1 answer
  • Shanti recently went to a communication workshop to help improve her workplace performance. She learned that in effective commun
    9·1 answer
  • Kara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of
    7·2 answers
  • Activity Budgeted Activity Cost
    12·1 answer
  • which of the following describes an important difference between general partnership and limited partnerships
    12·2 answers
  • Pathways​ Careers, Inc. has two productslong dashResume Reader and Cover Letter Cure. Financial data for both the products​ foll
    12·1 answer
  • If you were the leader of a special-purpose team developing a new computer game and conflicts arose related to power and status
    9·1 answer
  • The following procedures were recently installed by Raspberry Creek Company: After necessary approvals have been obtained for th
    10·1 answer
  • Waterloo, Ltd. manufactures a component used in aircraft navigation systems. Demand has been strong and the executive staff at W
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!