7,000 units in a process that are 70% complete are referred to as a. 7,000 equivalent units of production. b. 2,100 equivalent units of production. c. 4,900 equivalent units of production. d. 2,100 inequivalent units of production
Q: What is the debt equity ratio of this financial accounting question?
A: Step 1: Define Business ExpansionBusiness expansion is the process of increasing the production…
Q: 6 Fill in the blank: ________ is the amount of time from when a customer places an order for a…
A: Approach to solving the question:Freeform Detailed explanation: Customer response time is the total…
Q: I don't need ai answer general accounting question
A: Predetermined overhead rate = Estimated overhead cost / Estimated direct labor hoursPredetermined…
Q: Question:- Cost Account Haras Corporation is a wholesaler that sells a single product. Management…
A: Step 1: Key Data RecapSales Volume: 6,000 unitsCost of Sales: $347,400Selling and Administrative…
Q: A trader who commenced business on January 1, 2009, reports the purchases and sales revenue for the…
A: To determine the closing inventory figure, we use the following relationship in accounting:…
Q: Appalachian Airlines began operating in 2011. The company lost money the first year but has been…
A: As, the Company has taken full advantage of the Tax Code's Carry back and carry forward provisions,…
Q: Get correct solution with explanation for this financial accounting question
A: Step 1: Definition of Price-Sales Ratio and Stock PriceThe price-sales ratio (P/S ratio) relates the…
Q: 8 The cost of visiting customers would MOST likely be classified as a Select one: a.…
A: Why Other Options Are Incorrect:Option a: Corporate-sustaining cost: These are costs that benefit…
Q: Need answer the general accounting question please answer do fast
A: Step 1: Define Incremental Cash FlowIncremental cash flow represents the difference between the…
Q: 25.
A: Structural Dependency Analysis is a process used to examine and understand relationships and…
Q: Joe Parry and Mark Cyrus are shareholders and directors of Financial Solutions Limited, a company…
A: Because of his worries about the anticipated economic difficulties in the Caribbean, Joe Parry, the…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Net IncomeNet income is the company's total earnings after deducting all…
Q: Please give Answer
A: Explanation of Pre-Opening CostsPre-opening costs refer to expenses incurred during the initial…
Q: Answer??
A: Step 1: Define Average Collection PeriodThe accounts receivables average collection period refer to…
Q: Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing…
A: The Calculation is as follows:Calculation of Financial Advantage (disadvantage) of discontinuing the…
Q: Need help with this question solution general accounting
A: Step 1: Define Net IncomeNet income is also known as accounting income, which is reported in the…
Q: None
A: Return on Assets (ROA) is an important financial ratio that assesses how effectively a company…
Q: Find the right answer
A: Explanation of Total Manufacturing Costs:Total manufacturing costs represent all the expenses…
Q: What is the firm's return on equity on these general accounting question?
A: Step 1: Return on Equity (ROE)Return on Equity (ROE) is a profitability ratio that measures a…
Q: 16 Target pricing is based on Select one: a. engineered cost b. full product cost c. full…
A: Approach to solving the question:Freeform Detailed explanation: A pricing method known as "target…
Q: Stockinger Corporation has provided the following information concerning a capital budgeting…
A: To calculate the total cash flow net of income taxes in Year 3, we need to consider the following…
Q: Given answer this general Accounting question
A: Step 1: Return on Asset:Return on asset is shown in percentage of the total return generated by a…
Q: Given answer accounting questions
A: Step 1: Define Fixed Overhead volume varianceFixed overhead volume variance is a part of standard…
Q: Need help with this question solution general accounting
A: Step 1: Define High-Low MethodIf the manufacturing cost of the product is consistent throughout the…
Q: Get correct answer general accounting
A: Step 1: Calculation of adjusted book valueBook value = $620,000Decrease in value of equipment =…
Q: Need answer
A: Explanation of Accrued Salaries PayableAccrued salaries payable refers to the wages or salaries that…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Definition of Cost Allocation (Direct Method)Cost allocation using the direct method…
Q: Do fast answer of this accounting questions
A: Step 1: Define Effect of Net Income on the Accounting EquationThe main objective of every business…
Q: 7 The practice of matching Select one: a.requires arbitrary allocation of an asset’s…
A: Option a: This option is incorrect because the cost allocation of assets should be systematic; it…
Q: Lower-of-Cost-or-Market (LCM) Method The following data are taken from the Smith & Wesson…
A: Step 1: Lower amount The lower of cost or market approach states that inventory should be recorded…
Q: Find the correct answer this general accounting question
A: Step 1: Define Interest PayableAnother liability account affected by issuing notes is the interest…
Q: I need answers general Accounting
A: Step 1: Calculate Average Accounts Receivable• Identify Beginning Accounts Receivable• Identify…
Q: Please provide this question solution general accounting
A: Step 1: Define Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a financial metric…
Q: Hi expert provide correct option general accounting
A: Step 1: Define Total AssetsTotal assets are anything an organization owns, which are divided into…
Q: Do fast answer of this question solution general accounting
A: Step 1: Define Costing ProcessJoint costing involves allocating costs to multiple products from a…
Q: Bingham Corporation uses the weighted-average method in its process costing system. Data concerning…
A: Problem Data Recap:Beginning Work-in-Process Inventory (WIP):Units: 400 unitsMaterials cost:…
Q: Need help with question?
A: Relevant costs may include variable costs and fixed costs.Here's why:Variable costs (such as…
Q: Assume that Peak Co. Is considering disposing of equipment that cost... Please need answer the…
A: Step 1: Define Differential IncomeDifferential income is the difference in income between two…
Q: Elenor corporation sold goods that originally solution general accounting question
A: Step 1: Formula Gross profit = Sales - Cost of goods sold Step 2: Substitution Gross profit = Sales…
Q: Question: BigBoss Inc. provides the following extracts from income statement for the year 2009: Net…
A: Explanation of Net Sales: Net sales represents the total revenue generated from the sale of goods or…
Q: ans
A: Explanation of Governance Structure: Governance structure refers to the system by which an…
Q: General Accounting
A: Step 1: Define Cost BehaviorA mixed cost is a term used in cost accounting to describe a cost with a…
Q: Need help the general accounting question
A: Step 1: Define Net IncomeWithin a company, net income represents its after-tax earnings during a tax…
Q: Provide correct answer general accounting
A: Detailed explanation:Question : Days to collect outstanding accounts receivable during year 2Given :…
Q: Answer this financial accounting problem
A: Explanation of Measurement AttributeA measurement attribute refers to the specific basis or method…
Q: The cost of the goods that a company sold during a period is shown in its financial statements as…
A: The correct answer is:a. cost of goods sold; inventory Explanation:Cost of Goods Sold (COGS):The…
Q: Subject= General Account
A: We will solve the problem by applying the lower-of-cost-or-market (LCM) rule to determine the…
Q: Late on the night of September 30, 2011, an arsonist destroyed the Pumpkin Company warehouse, which…
A: Step 1: Key Information RecapBeginning Inventory: $225,500Purchases through September 30, 2011:…
Q: Hi expert please give me answer general accounting
A: To solve this, we use the Gordon Growth Model (GGM) to calculate the price of the stock. The formula…
Q: LCM Questions | General Account
A: To determine the lower-of-cost-or-market (LCM) for each of the 3 inventory items, we compare the…
Financial accounting
Step by step
Solved in 2 steps
- NoneIf 28,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted−average method is used. A. 5,600 units B. 28,000 units C. 22,400 units D. 33,600 unitsBased on the attached information, what is the equivalent units of production using weighted average method? a. 20,000 b. 14,000 c. 18,800 d. 16,800
- ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?25. Production records show: beginning work in process of 10,000 units (50% material, 80% conversion): 100,000 units started; and ending work in process of 15,000 units (100% material, 70% conversion). The company uses the weighted-average method. The equivalent units of production are: A. answer not given B. 115,000 units material, 105,500 units conversion C. 110,000 units material, 95,000 units conversion D. 110,000 units material, 97,500 units conversion E. 95,000 units material, 97,500 units conversionIn the manufacture of 9,800 units of a product, direct materials cost incurred was $175,200, direct labor cost incurred was $112,900, and applied factory overhead was $45,600. What is the total conversion cost? a.$158,500 b.$175,200 c.$333,700 d.$45,600
- In the manufacture of 9,200 units of a product, direct materials cost incurred was $177,200, direct labor cost incurred was $107,800, and applied factory overhead was $40,700. What is the total conversion cost? a. $177,200 b. $40,700 c. $148,500 d. $325,700What is the Equivalent Units of Production?Given the following information, calculate the direct materials equivalent units for the period (assume all materials are added at the beginning of the process): % Complete as to Conversion costs Beginning work in process 15,000 units 25% Ending work in process 20,000 units 70% Units started during the period 53,000 units Units completed and transferred out 48,000 units Multiple choice question. A. 62,000 B. 50,000 C. 68,000 D. 42,000
- Department S had 600 units 69% completed in process at the beginning of the period, 8,300 units completed during the period, and 800 units 43% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost. а. 8,230 b. 7,886 Ос. 7,700 od. 9,030Compute the equivalent units of production of conversion cost: a. In Process, beginning (3/5 additional work to be done), 24,000 units b. Completed and Transferred-out units, 150,000 units (Of the units started in process, ½ represents work in process at the end, which were 40% completed during the current period) EUP using Average costing: a. 174,000 b. 200,400 c. 190,800 d. 158,400Product X is obtained after it passes through three distinct processes. The following cost information is available for the operation. Total Process 1 Process 2 Process 3 Direct materials added $15,084 $5,200 $3,960 $5,924 Direct wages 18,000 4,000 6,000 8,000 Production overhead 18,000 1,000 units @ $6.00 per unit were introduced in Process 1. Production overhead is to be distributed as a percentage of direct wages. Actual Output Units Normal Loss Scrap Value per Unit Process 1 950 5% $4.00 Process 2 840 10% $8.00 Process 3 750 15% $10.00 Prepare the process accounts and post your responses in the Discussion Forum.