Selected information from the most recent financial statements for hat trick manufacturing:

Department G had 2,040 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,700

Margarita [4]

Answer:

18261

Explanation:

The first key-point will be that materials are applied entirely at the begining of the production so this part of the cost is quite easy:

You have an ending inventory of 1,700 units and then you have a given data of $9 per unit for direct materials so mulitply those to get:

ending inventory $15,300 materials cost

Next part will be to calculate the conversion cost.

First step, will be to calculate the conversion cost for the period,

which is direct labor + factory overhead:

78,600 + 26,200 = 104,800

Remember conversion cost = labor + overhead

Second, calculate the equivalent units:

Here we have the data for completed units so we work it like this

Complete units 12200

(this are finished o they count entirely)

+ ending units x percent of completion 1700 x 20% = 340

(this are units we work during this period)

- beginning units x percent of completion (2040) x 5% = (510)

(this are units we don't work on this period,

they are from the previous month,

so we subtract them)

----------------------------------------------------------------

Equivalent units for conversion cost 12030

Third, we are almost there, we will divide this two to get the value of 1 unit of conversion cost

104,800 conversion cost / 12,030 equivalent units = 8.7115 CC per unit

Fourth, calculate the conversion cost for the ending inventory

conversion cost per unit x equivalent units of ending inventory

8.7115 x 340 = 2961

Last Step, we add the materials cost with the conversion cost

15,300 + 2,961 = 18261 VALUE OF ENDING INVENTORY

3 0

3 years ago

suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of

Westkost [7]

The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.

<h3>How do production costs affect supply?</h3>

When production costs (input) increase, the quantity supplied at a given price decreases.

Conversely, a decrease in production costs increases the quantity supplied.

Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.

Learn more about supply and production costs at brainly.com/question/2223110

#SPJ12

7 0

1 year ago

On August 31, Planar Corp. exchanged 100,000 shares of its $40 par value common stock for all of the net assets of Sistrock Co.

vlada-n [284]

Answer:

$7,200,000

Explanation:

Calculation to determine At what amount should Planar record the acquisition of Sistrock's net assets

Using this formula

Acquisition of Sistrock's net assets =(Shares of common stock issued ×Common stock fair value per share

Let plug in the formula

Acquisition of Sistrock's net assets=100,000*$72

Acquisition of Sistrock's net assets=$7,200,000

Therefore the amount that Planar should record the acquisition of Sistrock's net assets is $7,200,000

3 0

2 years ago

People of all backgrounds, occupations, and income levels wear watches but rolex focuses only on the high-income portion of the

maks197457 [2]

Rolex uses a "single-segment" strategy.

The single segment strategy includes the utilization of just a single marketing mix for one market segment.

The single segment strategy in advertising guarantees that a producer chooses one section of the market and just supplies that segment.One or every one of the products created by an advertiser are sold to just who meet the attributes of that single segment.

3 0

2 years ago

If you are planning to carry a large balance on your credit card which of the following credit card features should you look for

bija089 [108]

The correct answer would be a LOW APR. If you are planning to carry a large balance on your credit card the credit card feature that should you look for is with a low APR. Other options for this question include low annual fees, lots of credit card rewards and a large credit limit. Hope this answer helps.

4 0

2 years ago