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
Lapatulllka [165]
3 years ago
15

The Converting Department of Soft Touch Towel and Tissue Company had 760 units in work in process at the beginning of the period

, which were 60% complete. During the period, 16,000 units were completed and transferred to the Packing Department. There were 840 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production.
Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".
Soft Touch Towel and Tissue Company
Number of Equivalent Units of Production
Whole Units Direct Materials Equivalent Units Conversion Equivalent Units
Inventory in process, beginning
Started and completed
Transferred to Packing Department
Inventory in process, ending
Total
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
4 0

Answer:

Direct materials equivalent units 16,080

Conversion costs equivalent units 16,048

Explanation:

Calculation to Determine the number of equivalent units of production with respect to direct materials and conversion costs.

Soft Touch Towel and Tissue Company

Number of Equivalent Units of Production

Whole Units Direct Materials Equivalent Units Conversion Equivalent Units

Inventory in process, beginning

760 0 (760*40% = 304)

Started and completed

15,240 15,240 15,240

(16,000-760=15,240)

Transferred to Packing Department

16,000 15,240 15,544

Inventory in process, ending

840 840 (840*60% = 504)

Total 16,840 16,080 16,048

Therefore the number of equivalent units of production with respect to direct materials is 16,080 and conversion costs is 16,048

You might be interested in
Scubapro Corporation currently has 500,000 shares of common stock outstanding and plans to issue 200,000 more shares in a season
Ivan

Answer:

Scubapro Corporation

The investor who currently has 20,000 shares has the right to buy this number of shares, if she exercises her preemptive right:

E) 8,000 shares.

Explanation:

Data and Calculations:

Outstanding common stock = 500,000

Planned issue of additional shares = 200,000

Proportion of new issue to outstanding = 0.40 (200,000/500,000)

For an investor with 20,000 shares, she has the right to buy 8,000 (20,000 * 0.40) additional shares.

3 0
3 years ago
For a film studio to make a profit, it has to be able to earn enough to offset expensive initial costs. a large portion of the p
slega [8]
The appropriate response is economies of scale. It alludes to the cost advantage that emerges with an expanded yield of an item. Economies of scale can emerge in a few territories inside a huge endeavor. While the advantages of this idea in ranges, for example, generation and obtaining are self-evident, economies of scale can likewise affect zones like fund.
3 0
3 years ago
Massena Corporation reported the following data for the month of February:
Elodia [21]

Answer:

$186,700

Explanation:

The computation of adjusted cost of goods sold is shown below:-

Before that we need to do the following calculations

Raw material consumed = Beginning raw material + Raw material purchases - Ending raw materials - Raw materials included in  manufacturing overhead costs  as indirect materials

= $40,000 + $63,000 - $24,000 - $5,000

= $74,000

Total manufacturing cost = Beginning work in progress + Raw material consumed + Direct labor cost + Manufacturing overhead cost - Ending work in progress

= $23,000 + $74,000 + $73,700 + $48,000 - $17,000

= $201,700

Unadjusted Cost of goods sold = Raw materials + Total manufacturing cost - Ending finished goods

= $50,000 + $201,700 - $72,000

= $179,700

Adjusted COGS = Unadjusted Cost of goods sold + Underapplied overhead

= $179,700 + ($55,000 - $48,000)

= $179,700 + $7,000

= $186,700

6 0
3 years ago
A parent or guardian taking care of a child by providing food, shelter and clothing is showing
kogti [31]

Answer:

Responsibility

Explanation:

5 0
3 years ago
Read 2 more answers
In a new margin account, a customer buys 1,000 shares of ABC stock at $40 per share. The stock rises to $50 during the next week
Helen [10]

Answer:

C) $5,000

Explanation:

Since the price of the stocks first rose to $50, the account's equity was $50,000.

The SMA balance was = ($50,000 x 1/2) - $20,000 = $,5000

The SMA balance acts like a stabilizer and cannot be taken away even if the price of the stocks fall slightly. The price of stocks must fall 25% in order for the SMA to be withdrawn.

The investor's equity decreased = equity - margin requirement = $39,000 - $20,000 = $19,000, but the amount that the investor can borrow (SMA balance) will remain the same at $5,000.

4 0
3 years ago
Other questions:
  • The study of economics on a smaller scale is called
    11·1 answer
  • A(n) _____ GPA does not include extra points for honors or advanced placement (AP) courses.
    12·2 answers
  • The ultimate goal of any product costing system for a manufacturer is to determine the cost of producing one unit of product.
    13·1 answer
  • Employees cannot be discharged because of their race, national origin, gender, age, disabilities, or being members of __________
    11·1 answer
  • Which of the following is true about obtaining a credit card?
    11·1 answer
  • All are signs of neglect and emotional abuse EXCEPT:
    5·2 answers
  • Roger works as a sales manager for Hi-Tech Solutions, a company that performs software consulting services. While working for Hi
    5·1 answer
  • Lori wants to give her daughter $25,000 in 8 years to start her own business. How much should Lori invest today, at an annual in
    6·1 answer
  • An effect of changing legislation on human resources professionals is that: Multiple select question. they must update company H
    15·1 answer
  • Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean by the residents of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!