Good morning,  See attached and I am struggling to find add: desired units of ending raw material inventory.  I don't know what they mean by assumed? Thanks,

Q: TRUE OR FALSE STATEMENT 1: If the ending inventory of finished goods is understated, net  income…

A: Ending inventory is the value of goods lying in the stock on the date of closing the books.

Q: iv. How you passed the entry of scrape material for: Transfer scrape to inventory ,Sold scrape to…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: In a job order cost system, a decrease to Manufacturing Overhead will be accompanied by an increase…

A: Factory overhead is the indirect cost incurred in the process of manufacturing. Therefore, it is…

Q: WIP may not exist in job order costing, can you expand on that? What are some examples of times that…

A: Job order Costing : It is a method of costing specific jobs which are performed on the instructions…

Q: Which of the following is an advantage of the periodic inventory system?A. frequent physical…

A: When a physical inventory count is performed, a periodic inventory system just updates the ending…

Q: ment Accounting Required 21ries to a. Prepare journal entries to record the transactions. b. Prepare…

A: Total Manufacturing Cost :— It is direct material used plus direct labour plus applied manufacturing…

Q: Which of the following is correct with respect to closing out underapplied manufacturing overhead to…

A: Cost of goods sold would lower when overapplied overhead is closed to cost of goods sold than the it…

Q: Which of the following is the best description of the operating cycle? Multiple Choice The length of…

A: The time it takes for a business to purchase items, sell them, and get payment for those sales is…

Q: inventories at the lower of cost and net realizable value? Added to cost

A: "Since you have asked multiple question we will solve the first question for you.  If you want any…

Q: The work-in-process inventory account, which appears on the balance sheet, represents a cost: A.…

A: Answer  The work-in-process inventory account, which appears on the balance sheet on assets side…

Q: In lean accounting, which of the following is considered a combined account? a. Indirect Labor b.…

A: The term Lean accounting describes the financial reporting practices used by a company that embraces…

Q: . What are some costs associated with high inventories? 3. What is a “supply chain,” and how are…

A: Inventory is defined as the goods and materials which the business holds for the purpose of resale.…

Q: It’s common in the electronics industry for unit costs of raw materials inventories to decline over…

A: Definition:   LIFO: Under this inventory method, the units that are purchased last are sold first.…

Q: s using sequer g from those u: ch corting

A: Given: To explain the inventory costing as,

Q: The First- In- First- Out method, which is mainly utilized to assign the average cost of production…

A: First in first out (FIFO) is one of the method of inventory valuation, under which inventories which…

Q: A master production schedule is most likely to be useful in O identifying erroneous journal entries.…

A: Solution: A master production schedule is the prepared by company to estimate its production for the…

Q: What will you use to allocate the cost of the purchasing department? a.Number of purchase orders…

A: Answer) The correct answer in the given question is: Number of purchase orders generated…

Q: Which of the following statements about materials is false? A. Acquisitions of materials are…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 82,600…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: 4. Manufacturing costs flow from work-in-Process Inventory to Cost of Goods Sold to Finished Goods…

A: SOLUTION- The manufacturing cost flow begins when costs are incurred for direct materials, direct…

Q: Kindly answer the two question. NO EXPLANATION NEEDED. Thankyou 1. Choose the right answer. No 1.…

A: Answer:-  costing system meaning:- A costing system is made to keep track of a company's expenses.…

Q: The spreading of underallocated or overallocated overhead among ending work- in-process, finished…

A: Regular business expenses that aren't directly related to providing goods or services are referred…

Q: The following statements refer to organisations that use service costing: (i)  The service provided…

A: Service costing is the cost associated with providing and delivering service. There are difference…

Q: Which of the following is correct with respect to closing out underapplied marufacturing overhead to…

A: A predetermined overhead rate is calculated by dividing the estimated overhead by the estimated…

Q: I am having difficulty understanding how to calculate the cost per equivalent unit for direct…

A: Compute equivalent units of direct materials and conversion as shown below:

Q: Which among the following is not a non volume related support activity? a. Production scheduling b.…

A: Volume-related costs are those which vary with the level of production or sale; whereas, Non-volume…

Q: Which of the following is correct with respect to closing out overapplied manufacturing overhead to…

A: The Over Applied or Under applied Manufacturing Overhead is Difference between Manufacturing…

Q: You have been employed as a cost    accountant by Pared Inc.  The president, I.M. Pared, is having a…

A: The following accounts are used to record the flow of costs:- Raw material inventory Labor…

Q: If a net decrease is reported in the Work-In-Progress inventory account during the period, which of…

A: Cost of goods manufactured is the amount incurred by the company on the manufacturing process of the…

Q: tatement is true or false, and correct the false tatement(s): Manufacturing cost is called period…

A: Manufacturing cost is the cost incurred to manufacture units . It includes direct material , direct…

Q: I'm having trouble finding the opening direct material inventory on the cost of goods sold (the very…

A: Cost of good sold measures the direct cost which is incurred of production of any goods and services…

Q: direct labor costs are debited to work in process inventory true false

A: The direct labor cost is the part of manufacturing cost that would be part of inventory or WIP…

Q: 28.The cost accounting system that significantly reduces inventory carrying costs is called:     a.…

A: The Just-In-Time (JIT) idea is a manufacturing workflow paradigm that aims to reduce flow times and…