8) Carpenter Corporation uses the weighted-average method in its process costing system. This month,the beginning inventory in the first processing department consisted of 600 units. The costs and percentagecompletion of these units in beginning inventory were:Materials costsConversion costsCost$5,200$ 8,500Percent Complete60%55%A total of 7,800 units were started and 7,100 units were transferred to the second processing department duringthe month. The following costs were incurred in the first processing department during the month:CostMaterials costsConversion costs$ 95,000$169,200The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversioncosts.The cost per equivalent unit for materials for the month in the first processing department is closest to:A) $11.31B)$12.21C)$11.58D) $11.93

Step 1:Computation of the equivalent units of production for materials:…

Answered: 8) Carpenter Corporation uses the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Annin Laboratories uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials $ 26,553 Conversion costs 8,605 Current period costs Direct materials 159,792 Conversion costs 82,020 Quantity information is obtained from the manufacturing records and includes the following: Beginning inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) Current period units started 45,200 units Ending inventory 23,000 units (75% complete as to materials, 35% complete as to conversion) Required: Compute the equivalent units for the materials and conversion cost calculations. Compute the cost per equivalent unit for direct materials and conversion costs.
Can you assist me with Problem 5
Wal Mart, although they are not a manufacturing company, uses sophisticated computer software to forecast sales and order products to be stocked in their stores so that they do not run out of the things shoppers are looking for. What kind of software system does Wal Mart likely use? Group of answer choices a) Inventory control b) Just-in-time ordering c) E-procurement d) Materials Requirement Planning (MRP)
14.26. Calculate the available-to-promise row in the following matrix: Period On Hand = 100 1 2 3 4 5 6 Forecast 50 100 50 100 50 100 Customer Orders 50 125 75 175 45 15 Master Production 200 200 Schedule Available-to-Promise
Navajo Company's year-end financial statements show the following. The company recently discovered that in making physical counts of inventory, it had made the following errors: Year 1 ending inventory is understated by $69,000 and Year 2 ending inventory is overstated by $39,000. For Year Ended December 31 (a) Cost of goods sold (b) Net income (c) Total current assets (d) Total equity Year 1 $ 744,000 Year 2 $ 974,000 287,000 1,266,000 1,406,000 294,000 1,379,000 1,599,000 Year 3 $ 809,000 269,000 1,249,000 1,264,000 Required: 1. For each key financial statement figure-(a), (b), (c), and (d) above-prepare a table to show the adjustments necessary to correct the reported amounts. 2. What is the total error in combined net income for the three-year period resulting from the inventory errors? Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each key financial statement figure-(a), (b), (c), and (d) above-prepare a table to show the adjustments…
16. Complete the following schedule and then answer Problems 16 and 17. Forecast requirements In transit On Hand 1 35 50 Projected available balance 30 Planned Shipments Shipping quantity = 50, Lead time = 1, Safety stock = 25 2 30 Period 3 45 What will the planned shipments be for periods 2, 3, and 4? a) 25 units for each period b) 50 units for periods 2 and 4; zero units for period 3 4 65 c) 50 units for each period d) 100 units in period 2, zero units in period 3, and 50 units in period 4 e) 75 units in period 2, 35 units in period 3, 20 units in period 4 17. What is the projected available balance for period 4? a) 50 units b) 55 units c) 60 units d) 65 units e) 75 units 5 30
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Assume you are the manager of a shop that assembles power tools. You have just received an order for 55 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws follows: Item Lead Time (weeks) On Hand Saw A B C D E F 2 1 2 2 1 1 2 Gross requirements Scheduled receipts Projected on hand Net requirements Planned order receipt Planned order release Ĉ E(3) & E(2) LT = 1 week Lot size: Lot-for-Lot 15 10 5 65 20 10 30 Skip Extension Tip: Double click to open in new tab Show Transcribed Text Develop the material requirements plan for component E using lot-for-lot ordering for all items. (Leave no cells blank - be certain to enter "0" wherever required.) Components A(2), B(1), C(4) E(3), D(1) D (2), F(3) E(2), D (2) Beg. Inv. 1 2 3 190 5 210 6
4.- A real estate agent is considering changing his cell phone plan. There are three plans to choose from, all include a $20 per month charge. Plan A costs $0.45 per minute for calls in the morning and $0.20 per minute for calls in the afternoon. Plan B costs $0.55 per minute for calls in the morning and $0.15 per minute for calls in the afternoon. Plan C has a constant cost of $80 with 200 minutes of calls per month and a charge of $0.40 per minute after 200 minutes regardless of whether it is in the morning or afternoon. a) Determine the total charge for each plan for 120 minutes in the morning and 40 minutes in the afternoon in one month. b) If the agent uses the call service only in the morning, what is the range of minutes in which each plan is optimal?
S Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the company's production schedule for May: Percent Completed Materials Conversion. 100% 50% Work-in-Process Inventory, May 1 Started during May Units to account for Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May Work-in-Process Inventory, May 31 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 38,010 46,568 168,300 275,380 Tons of Pulp 2,000 11,000 13,000 2,000 6,600 4,400 13,000 100% 50% Required: 1. Calculate the equivalent units of direct materials and conversion during May.…
601 Ana Chavarria, front office manager at The Times Hotel, has completed a revenue management semi- nar at Keystone University and is preparing an argu- ment in favor of adopting this concept at The Times Hotel to present to Margaret Chu, the general man- ager. She begins by compiling a history of room occupancy and ADRS, which she hopes will reveal areas in which revenue management could help. She prepares an electronic spreadsheet that lists rooms sold with corresponding room rates and correlates the data to tourism activities in the area. Ana sends an analysis of revenue realized and revenue potential to Ms. Chu for review prior to their discussion After reviewing the analysis, Ms. Chu concludes, "This is just another scam; the industry is slow to adopt this," and disregards the entire report. She knows that occupancy percentage, ADR, and RevPAR are all you need to be efficient today, so why change? Ana passes Ms. Chu in the lobby, and Ms. Chu indicates her distrust of the revenue…
Month# Jan Feb Mar Apr May June Forecast# 1800 1500 1100 1500 2100 1600 Name Labor hours per unit (hr/unit) Initial number of workers Safety Stock (units) Working hours in a day(hr/day) Beginning inventory(units) Value 5 30 0 9 450 Month# Jan Feb Mar Apr May June Working Days available 21 21 21 21 21 19 The tables present forecasts, production, and cost information for aggregate planning. Using a level strategy with backorders to produce at average demand, now many workers are required each month? (Round up the calculated number of workers to the nearest whole number, and round the production rate to the nearest whole number

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