Please help me with these questions.

GIVE ME THE IDEAS FROM THIS CASE AND WHAT WE HAVE LOOKED AT IN THE PICTURE!!

irina [24]

Answer:

Tobago is effect Corona various

Is very harmful

I only have few ideas

I hope you like it

8 0

3 years ago

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

ICE Princess25 [194]

Answer:

The cost per equivalent unit for materials for the month in the first processing department is closest to C. $19.91

Explanation:

The Concept of Equivalent units expresses the number of units of outputs in terms of the completion status of the input resources in the process.

Step 1 Calculate the Number of Units of Ending Work In Process

Hint : Units in the Process must equal units out of the process

Units of Ending Work In Process = Units of Beginning Work In Process + Units Started during the Period - Units Completed and Transferred Out of the process

= 500+6700-6000

= 1,200

Step 2 Calculate the total material cost for the processing department

total material cost :

Opening Work In Process $ 5,800

Add Incurred During the Period $125,600

Total material cost $131,400

Step 3 Calculate total Equivalent Units in respect of Material Cost

Completed and Transferred Out ( 6,000 × 100%) 6,000

Ending Work In Process ( 1,200 × 50 %) 600

Total Equivalent Units 6,600

Step 4 Calculate the cost per equivalent unit for materials

cost per equivalent unit = total material cost/ total Equivalent Units

 = $131,400 / 6,600

= $ 19.91

6 0

4 years ago

Gordon Company started operations on January 1 of the current year. It is now December 31, the end of the current annual account

ryzh [129]

Answer:

Gordon Company

Analysis of Transactions at December 31:

a. Office Supplies $670 (DR)

Office Supplies Expense $1,630 (DR)

b. Equipment $23,500 (DR)

Accumulated Depreciation on Equipment $2,350 (CR)

Depreciation Expense - Equipment $2,350 (DR)

c. Prepaid Insurance $630 (DR)

Insurance Expense $210 (DR)

Explanation:

1. The Office Supplies Account will be debited with $2,300 and credited with $1,630 ($2,300 - $670) as Office Supplies Expense (used supplies) for the year. This will leave a debit balance of $670 in the account.

2. The equipment account will be maintained at its cost, while a contra account (accumulated depreciation) is created to accumulate the depreciation expenses over the years. The useful life of the equipment is 10 years ($23,500/$2,350) with an annual depreciation expense of $2,350.

3. The Prepaid Insurance Account will be debited with $840 and credited with $210 ($840/4) representing Insurance that expired during the year for six months. The balance of $630 is carried forward for the remaining one and half years.

4 0

3 years ago

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be mai

VARVARA [1.3K]

Complete Question:

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be

Answer:

TRUE

Explanation:

The reason is that the inventory system includes the management of the inventory which includes the decision making related to:

How much to purchase?

What to purchase?

When to Purchase?

When to deliver raw materials and receive the finished goods from the production house?

It also involves the control system designed to control the flow of the inventory and policies in place to maintain and manage the inventory.

So the statement is true.

8 0

3 years ago

Item 12Item 12 On April 1, Snell Company made a $50,000 sale giving the customer terms of 3/10, n/30. The receivable was collect

aivan3 [116]

Answer:

See explanation section

Explanation:

We know, 3/10, n/30 means the customer will get 3% discount if he/she gives the payment within 10 days, however, he/she has to pay the money within 30 days.

As Snell company sold the products on April 1, and received the payment on April 8, the company gave a 3% discount to customer. As there is discount, the financial statements will be as follows:

Income statement

Sales = $50,000

Less: Sales discount = (1,500)

$50,000 × 3%

Net sales $48,500

8 0

3 years ago