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musickatia [10]
2 years ago
5

Haberdashery Company has a beginning Work-in-Process Inventory of 39,000 units (40% complete). During the period, 124,000 units

were started and the ending Work-in-Process Inventory consisted of 34,000 units (80% complete). What are the equivalent units for conversion costs using weighted-average process costing?
Business
1 answer:
klasskru [66]2 years ago
3 0

Answer:

156,200 equivalent units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.

Equivalent Units = Degree of work done × units of inventory

There are two (2) methods to compute equivalent units

  1. First in First Out
  2. Weighted Average method

<em>Weighted average method</em>

Under this method, to account for completed units , no distinction is made between work started in previous period and those started this period. It is assumed that for all completed units, 100% of the work required was done in the current period.

We can work out the Equivalent units for Haberdashery Company as follows:

Items                                Units          Workings                 Equivalent units

Completed  units            129,000      100% × 129,000     =           129,000

Closing WIP                      34,000        80% ×   34000     =             27,200

Total equivalent units                                                                 156,200

<em>Note the completed units = opening inventory + newly introduced units - closing inventory </em>

Completed units= 39,000 + 124,000 - 34,000

                           = 129,000 units.

Equivalent units for conversion cost = 129,000 +27,200 = 156,200 units

                       

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The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indica
Setler [38]

Answer:

$59,080

Explanation:

The calculation of September cash disbursements is shown below:-

September cash disbursement = Company's budgeted fixed manufacturing overhead - Depreciation + Variable manufacturing overhead

= $43,120 - $3,640 + $7.00 × 2,800

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Therefore for computing the September cash disbursement we simply applied the above formula.

4 0
2 years ago
The firm receives an average of $20,000 in checks per day. The weighted average delay in clearing the checks received is 3 days.
katrin [286]

Answer:

<u>$26000</u>

Explanation:

from the question;

check per day; 20000

delay: 3 days

checks to pay suppliers; 17000

clearing time 2 days

<u>we first calculate collection flaot:</u>

collection flaot = average amount of check x outstanding days

= 20000 x 3

= 60000

now we have to calculate <u>disbursements float:</u>

average amount of check x days to clear

= 17000 x 2

= 34000

with these two values we can get the net float

= collection flaot - disbursements float

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5 0
3 years ago
Zohrina is a top manager at her current company. However, she is leaving the company for a better job at a competing firm. Which
TEA [102]

Answer:  

VOLUNTARY TURNOVER

Explanation:

Voluntary turnover refers to a kind of change that happens when workers choose to exit their jobs voluntarily. For a number of different reasons workers can choose to abandon the jobs. Workers may feel unhappy with their job or rewards, may be pursuing a new career or could have acknowledged another bid.

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By lowering production costs, subsidies help foreign competitors gain export markets. True or False
Luden [163]

Answer:

False

Explanation:

Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.

Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.

Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.

Therefore, above stated statement is false.

5 0
3 years ago
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