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statuscvo [17]
3 years ago
14

Wynona Corp’s production cost data for the current period is: Beginning work in process inventory: 20,000 units Units started in

to production: 15,000 units Ending work in process inventory: 6,000 units All materials are entered at the beginning of the process and conversion costs are incurred uniformly throughout the process. The ending work in process units are 20% complete as to conversion costs. What are the equivalent units of production for conversion costs?
Business
1 answer:
Sliva [168]3 years ago
7 0

Answer:

30,200 units

Explanation:

We have at the begining 20,000 units in process and during the period studied an additional bulk of 15,000 units starts it production, so:

During the studied period, (20,000+15,000) 35,000 are produced, but as at the end of the period we have 6,000 unit as work in progress, only 35,000-6,000= 29,000 units are finished.

So, we have 29,000 finished units+ 6,000 work in progress units.

The work in process units are equivalent to: 6,000 units*0,2= 1,200 equivalent units.

Total equivalent units= 29,000+ 1,200 = 30,200 Units

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Answer:

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Explain just in time(JIT) approach?
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in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
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The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

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The question is incomplete. Your most probably complete question is given below:

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6 0
2 years ago
A produce distributor uses 773 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann
alekssr [168]

\sqrt\frac{2*773*28}{33}Answer:

Explanation:

Using the EOQ Formula =  EOQ\sqrt\frac{2*D*O}{H}

D = Demand = 773

O = Ordering Cost =28

H = holding Cost = 11*33% =3.63

So we have :

EOQ=\sqrt\frac{2*D*O}{H}

EOQ= \sqrt\frac{2*773*28}{3.63}

EOQ=\sqrt\frac{43288\\}{3.63}

EOQ= \sqrt{11925.06887}

EOQ= 109.20196

   

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No of Orders = D/o  

No of Orders = 773/109.20196 =7.0786

Cost per order =109.20196*0.03622 =3.9555

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At EOQ holding Cost is equal to Order Cost

New Order cost =27.9998

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New cost As per EOQ = 56

Previous (33+28)  =  61

Net Saving = 5

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