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g Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding

FromTheMoon [43]

Answer:

Total equivalent unit of material = 140,000 units

Explanation:

Equivalent units are used to apportion cost between completed units and work in progress. They represent notional whole units which represent incomplete work.

Under the first in first method , to account for completed units during a production period the opening inventory units are assumed to completed first before newly the newly introduced units.

So we can work out the equivalents units as follows:

Fully worked units :These represent units started this period of production and completed in the same period. This is given as 110,000 units

Equivalent units (EU)

Item unit Workings EU

Opening inventory 25,000 0% × 25,000 = 0

Fully worked 110,000 100% × 110,000 = 110,000

Closing inventory 30,000 100%× 30,000 = 30,000

Total equivalent unit of material 140,000

Note that for the opening inventory already 100% material work has been done the preceding period , so there wont be any work left to be done in respect of materials.

5 0

3 years ago

Romona Company expects its November sales to be 20% higher than its October sales of $ 240 comma 000. All sales are on credit a

kotykmax [81]

Answer:

The cash balance on November 30 amounts to $155,700

Explanation:

Cash balance on November 30 = Beginning balance + Collection of cash from October sales + Collection of cash from November sales - Payments for October Purchases - Payments for November Purchases

where

Beginning balance is $13,700

Collection of cash from October sales = October Sales × % amount collected

= $240,000 × 70%

= $168,000

Collection of cash from November sales = November Sales × % amount collected

= $240,000 × 1.20 × 25%

= $72,000

Payments for October Purchases = October Purchases × % amount paid

= $70,000 × 65%

= $45,500

Payments for November Purchases = November Purchases × % amount paid

= $150,000 × 35%

= $52,500

Putting the values in the above formula

Cash balance on November 30 = $13,700 + $168,000 + $72,000 - $45,500 - $52,500

= $155,700

4 0

3 years ago

Which shortcut can you use to rename a worksheet.

nadezda [96]

I don’t understand this question

5 0

3 years ago

There are 5 questions in the question part and for each question write 2 paragraphs.

sashaice [31]

Explanation:

uufig8u formally identify

8 0

2 years ago

Which of the following factors determines the structure, features, and functions of an information system used in a company?

makkiz [27]

Answer:

A) the competitive strategy

Explanation:

According to my research on information technology and hardware used, I can say that based on the information provided within the question this factor being described is called the competitive strategy. This is a strategy that is a long term plan of a particular company in order to gain competitive advantage over its competitors in the industry. This includes forming the system and it's features in the best way to compete with other companies.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

3 years ago