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harkovskaia [24]
3 years ago
5

A manager needs to assign her team to work on different types of programs in the community. Any team can work on any of the prog

rams. However, the manager feels that there is a difference in the amount of time it would take each group to finish their tasks for each program. Her estimate of the time to complete in hours is given below. Programs Business Education Surveys Beautification Group 1 32 35 15 27 Group 2 38 40 18 35 Group 3 41 42 25 38 Group 4 45 45 30 42 What is the total number of hours the teams will spend on the projects
Business
1 answer:
Law Incorporation [45]3 years ago
7 0

Answer:

The total number of hours the teams will spend on the projects is:

= 548 hours.

Explanation:

a) Data and Calculations:

Estimate of time to complete each program by various groups:

Programs

             Business   Education   Surveys   Beautification    Total

Group 1       32              35             15                27                 109

Group 2      38              40             18                35                  131

Group 3      41               42            25                38                 146

Group 4      45              45            30                42                 162

Total         156             162            88              142                548

b) Each group's total time is added, and each program's total time is also added.  The totals are then summed to get the overall total number of hours that the teams would spend on the various projects.

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Answer:

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Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that
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Answer:

1.Total Equivalent Units   Materials    471,600  Conversion     464,400

2. Cost Per Equivalent Unit Materials $ 1.33  Conversion   $ 0.75

3. Cost of Ending Work In Process  $ 39528

4. Cost Of Units Transferred Out = $ 936,000

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Weighted-Average Method

1. Equivalent Units

Particulars              Units       % of Completion       Equivalent Units

                                       Materials Conversion   Materials Conversion

Transferred Out    450000     100         100             450,000      450,000

<u>Ending WIP           36000        60          40                21,600          14,400  </u>

<u>Total Equivalent Units                                              471,600       464,400</u>

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

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Cost Of Opening Inventory         117,900                 53600

Cost Added                                  613,080              294,700

Total Costs                                <u>  624,980               348,300</u>

Equivalent Units                         471,600                464,400

Cost per Equivalent Unit            624980/471600        348300/464400

                                                      $ 1.33                           $ 0.75

3. Cost of Ending Work In Process  $ 39528

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We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 =  $ 337,500

5. A Cost Reconciliation Report

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<u>Transferred Out                $ 598,500             $ 337,500</u>

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Total Costs                                <u>  </u><em><u>624,980**  </u></em><u>             348,300</u>

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