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 cost of goods sold for the year on these general accounting question?
A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold (COGS) represents the direct costs…
Q: 5 PTS
A: Explanation of Asset Turnover:Asset turnover is a financial ratio that measures how efficiently a…
Q: Hello teacher please help me this question
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle of a firm is the time taken by the…
Q: help
A: Step 1:First calculate the contribution margin: Contribution margin = Sales - Variable costs…
Q: Provide correct answer general accounting
A: Step 1: Define Direct MaterialsThe materials that industries use to produce or to construct the…
Q: Please answer the general accounting question
A: The net income for the year is computed by deducting expenses from revenue.Net income = Revenue -…
Q: I won't to this question answer general accounting question
A: Step 1: Define Negative Balance of Cash FlowsThe net cash flow from an activity (in the cash flow…
Q: General Account
A: To determine the ending inventory, we use the inventory equation:Beginning Inventory + Purchases −…
Q: None
A: To calculate the net income for the current year, we analyze the changes in Retained Earnings. The…
Q: Landis Company is preparing its financial statements. Gross margin is normally 40% of sales.…
A: To calculate the estimated ending inventory, we can use the gross margin method. This method…
Q: provide correct solution. Tag. General Account.
A: To calculate the old and new break-even sales (in units), we use the break-even formula: Break-Even…
Q: I want answer
A: Explanation of Cost of Goods Manufactured: Cost of goods manufactured, shown as $62,000 for Ringa…
Q: A firm has net working capital of $980, net fixed assets of $4,418, sales of $9,250, and current…
A: First, we need to calculate the total assets. Total assets can be found by adding net working…
Q: If equity is $340,000 and liabilities are $195,000, then assets equal: a. $195,000 b. $340,000 c.…
A: Step 1: This is the question of accounting equation. Accounting equation or balance sheet equation…
Q: General accounting question
A: Step 1: Definition of Depreciation ExpenseDepreciation expense is the allocation of the cost of a…
Q: BatCo makes metal baseball bats. Each bat requires 1 kg of aluminum at $20 per kg and 0.35 direct…
A: To compute the cost variance, we compare the actual cost with the standard cost and determine if the…
Q: Total July sales are anticipated??
A: To calculate the total sales for July, you need to multiply the number of units expected to be sold…
Q: answer, general account tutor
A: Step 1: Key InformationSand needed per widget: 2 pounds.September production: 25,000 widgets.October…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Price Earning RatioWe can determine if a particular stock is selling at a higher…
Q: Revenue budget variance.
A: Explanation of Revenue Budget Variance: This is the difference between actual and budgeted revenue,…
Q: ??
A: The question requires the determination of the ROA.Return on assets (ROA) is a financial ratio that…
Q: Penguin Pucks, Inc., has current assets of $7,000, net fixed assets of $25,800, current liabilities…
A: The question requires the determination of the total shareholder's equity. Shareholders' equity…
Q: ??
A: Explanation of Current Ratio: Current Ratio is a financial metric that measures a company's ability…
Q: Need help this question general accounting
A: Step 1: Cost of goods sold Cost of goods sold = Beginning inventory + Purchases - Ending…
Q: Hello tutor provide answer this general accounting question not use ai and chatgpt
A: Step 1: Define Ending Inventory Under Variable CostingUnder variable costing, only variable…
Q: The total manufacturing costs incurred for the year are $278,000. The overhead cost was 62% of the…
A: Explanation of Direct Labor Cost:Direct labor cost refers to the wages paid to workers directly…
Q: Subject:- General Account
A: Explanation for 1: The formula to calculate predetermined overhead rate is = Estimated total…
Q: The cost of goods sold?
A: Calculation of Cost of Goods SoldCost of Goods Sold = Beginning Inventory + Cost of Goods…
Q: Use the Following Data: Assets Liabilities Beginning of Year $25,000 $ 17,000 End of Year $ 62,000…
A: To answer these questions, we will use the accounting equation: Assets=Liabilities+Equity.…
Q: Provide answer
A: Explanation of Inventory Turnover:Inventory Turnover measures how many times a company sells and…
Q: Please provide this question solution general accounting
A: To address this situation, let's calculate the predetermined overhead rate (POR), analyze applied…
Q: Star Electronics has aging accounts receivable as follows: Current ($50,000), 1-30 days ($30,000),…
A: Concept of Aging Accounts ReceivableAging accounts receivable is a method used to categorize…
Q: General account
A: Explanation of Labor Rate Variance:Labor rate variance measures the difference between the standard…
Q: Financial accounting question
A: Step 1: Define Free Cash FlowFree cash flow refers to the amount left with the company after…
Q: Find income statement?
A: Step 1: Definition of Depreciation Expense (Straight-Line Method)The straight-line method of…
Q: What is the amount and character of Jessica's recognised gain or loss on the sale for this financial…
A: Step 1: Define Gain or Loss on Sale of Partnership InterestWhen a partner sells their interest in a…
Q: In a certain standard costing system, the following results occurred last period: total labor…
A: To calculate the number of direct labor hours used, we use the relationship between the total labor…
Q: During its first month of operation, Peter's Auto Supply Corporation, which specializes the sale of…
A: To prepare the trial balance for Peter's Auto Supply Corporation for the month of July, we need to…
Q: Accounting 12
A: Concept of Current RatioThe current ratio is a liquidity metric that measures a company's ability to…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Reorder Point (R)The Reorder Point (R) is the inventory level at which a new…
Q: Brody Corp uses a process costing system in which direct materials are added at the beginning of the…
A: Key InformationBeginning Inventory: 1,300 units, 40% complete (for conversion costs, but 100%…
Q: Financial accounting question
A: Step 1:a. The current EPS is calculated as follows: PE ratio = Market price per share / Earnings per…
Q: I want to correct answer accounting questions
A: Step 1: Define LiabilitiesIn accounting, liability refers to the amount that a company is required…
Q: please general account questions answee me
A: Workings for Direct Material BudgetMink CaressDirect Material Budget ParticularsYear 2 QuarterYear…
Q: Don't use ai given answer accounting questions
A: To solve this problem, let's address each part step-by-step: a. Using the P/E ratio, compute the…
Q: Answer this general accounting problem
A: Detailed explanation:Work backward to find Finished Goods Inventory on January 1, 2018:Cost of Goods…
Q: None
A: Step 1: Define Day sales outstandingIt is a ratio that calculates the number of days until a company…
Q: Please provide this question solution general accounting
A: To solve this problem, let's calculate the book value per share and the earnings per share (EPS)…
Q: What is the actual total direct materials cost for the current period on these general accounting…
A: Step 1: Definition of Actual Direct Materials CostThe actual direct materials cost can be determined…
Q: General Accounting Question 2.1
A: 3. Camel Corporation's after-tax net cash inflow:Given:Merchandise sales = $100,000Cost of…
Step by step
Solved in 2 steps
- If 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 unitsIf 20,000 units are 75% complete with respect to direct materials, then the equivalent units of production for direct materials are: a. 5,000 units b. 20,000 units c. 25,000 units d. 15,000 unitsA process with no beginning work in process, completed and transferred out 75,000 units during a period and had 50,000 units in the ending work in process inventory that were 30% complete. The equivalent units of production for the period were: a. 75,000 equivalent units. b. 125,000 equivalent units. c. 90,000 equivalent units. d. 37,500 equivalent units.
- In 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.$45,6001. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 2. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.3. Cost per Equivalent Unit for Direct Material is calculated by dividing $......... by 580,000 DM Equivalent Units.1. What is the total Conversion Cost per Equivalent Unit? 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor. 4.
- 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?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. $325,700Equivalent units of production are equal to: 17 Multiple Cholce 00:52:10 The number of whole units that could have been started and completed given the costs incurred In the perlod. The number of units still in process at the end of a perlod. Physical units that were started and completed during a period. The number of units started into the process during a period. The number of finished units actually produced during a period.