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
Agata [3.3K]
3 years ago
11

Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throu

ghout the process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. During November, the first process transferred 700,000 units of product to the second process. At the end of November, work in process inventory consists of 180,000 units that are 30% complete with respect to conversion. Beginning work in process inventory had $420,000 of direct materials and $139,000 of conversion cost. The direct material cost added in November is $2,220,000, and the conversion cost added is $3,254,000. Beginning work in process consisted of 60,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion. Of the units completed, 60,000 were from beginning work in process and 640,000 units were started and completed during the period. Required: For the first process: 1. Determine the equivalent units of production with respect to direct materials and conversion.
Business
1 answer:
Snezhnost [94]3 years ago
7 0

Answer:

  • Direct materials = 880,000 units
  • Conversion = 754,000 units

Explanation:

a. Direct materials

Direct materials are added at the beginning of the process which means that the ending WIP is already 100% complete with respect to direct materials.

EUP Direct materials = Finished goods + Closing EUP

= 700,000 + 180,000

= 880,000 units

b. Conversion

= Finished goods + Closing EUP

= 700,000 + (0.30 * 180,000)

= 700,000 + 54,000

= 754,000 units

You might be interested in
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $3,200 Fee
koban [17]

Answer:

$12,100

Explanation:

Data provided;

Accumulated Depreciation = $3,200

Fees Earned = $17,400

Depreciation expense = $1,300

Insurance Expense = $200

Prepaid Insurance = $4,800

Supplies = $900

Supplies Expense = $3,800

Now,

The Net income

= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense

= $17,400 - $1,300 - $200 - $3,800

= $12,100

5 0
4 years ago
The U.S. dairy cow industry produced milk from just over – million cows in 1924. Today, it relies on just under – million. And y
erik [133]

Explanation:

In the given question, the options of the given question have not been provided but based on previous knowledge about the question, the question can be answered.

The cow during the 1900's produced about 424 gallons of milk every year but the filed of eugenics opened the way for higher production of milk. The aim was to produce more milk at cheaper rate therefore efforts were made to perform breeding experiments with desired traits.

In the present condition, the production of milk has increased from 424 gallons to 2000 gallons due to breeding, higher literacy rate of the Americans and the stable financial system of the states.

Thus, breeding, literacy rate and the stable financial system are the possible ways.

7 0
3 years ago
Changing workplace procedures tends to be counterproductive
andre [41]
On the off chance that finished with care and thinking ahead, changing work methodology can build profitability. Be that as it may if done shamefully, doing as such can without much of a stretch be counter profitable. 
This incorporates knowing the dangers of their occupations and their work environment and knowing how to control these risks. Having composed safe work practices and techniques is a fundamental part of an OH&S program. A training is an arrangement of rules to enable specialists to play out an assignment that may not require a well-ordered strategy.
8 0
3 years ago
Which of the following is true of optional-product pricing? Question 11 options: 1) It involves setting geographically specific
gulaghasi [49]

Answer: 2) It involves pricing products that can be added to the base product.

Explanation:

Optional-product planning is a method of pricing where the producer lure buyers in by selling at a cheap price which can sometimes even fall below their cost price. These products however can not be fully utilized alone or as they are. They require accessories.

This is where the company hopes to make up the profit. They charge low on the main product, then hope to make up the cost when you buy the accessories. An example would be Printers and ink.

This is a risky method of selling and so needs the accessories to be priced in such a way that the company makes no losses.

4 0
4 years ago
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corp
Ghella [55]

Answer:

Fixed manufacturing overhead per unit = $580 per unit.

Fixed selling and administrative expenses per unit = $177 per unit.

Explanation:

Units of production anticipated = 3,420

Fixed manufacturing overhead per unit = Fixed manufacturing overhead ÷ Units of production anticipated = $1,983,600 ÷ 3,420 = $580 per unit.

Fixed selling and administrative expenses per unit = Fixed selling and administrative expenses ÷ Units of production anticipated = $605,340 ÷ 3,420 = $177 per unit.

7 0
3 years ago
Other questions:
  • The rate of interest on short-term loans among financial institutions is _____. bankers' acceptances brokers' calls federal fund
    7·1 answer
  • Copper Conduit, Inc., and Dependable Electric Company sign an agreement that provides for the payment of "$1,000 by whichever pa
    10·1 answer
  • Which type of correctional facility hosts offenders below the age of 18?
    14·1 answer
  • At your first meeting with Alex, you ask to see his most recent financial statements so that you can get an overall assessment o
    14·1 answer
  • What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would ent
    5·1 answer
  • Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government
    9·1 answer
  • Which of the following are considered
    9·1 answer
  • The US price level rises relative to foreign price levels. This is known as the A. Interest-rate effect. B. Net export effect. C
    11·1 answer
  • Presented below are three revenue recognition situations.
    7·1 answer
  • Kim Jordan, New Belgium Brewing's former CEO and co-founder, emphasizes the importance of New Belgium's people, particularly its
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!