Aghora Company's April 1, 2021, beginning work in process was 987 units. During April Aghora put into production an additional 2,823 units were put into production. At the end of April, all units were completed except for 689 units. Use this information to determine the number of units completed.
Q: What is the expected price of this stock one year from now on these financial accounting question?
A: EPS in year 1 = Current EPS*(1+Growth Rate)EPS in year 1 = 2.34*(1+3.4%)EPS in year 1 = $2.42 Share…
Q: A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs…
A:
Q: Need help with this accounting questions
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…
Q: Tutor give me answer
A: Explanation of Direct Labor Efficiency Variance:Direct Labor Efficiency Variance measures the…
Q: Do fast answer of this general accounting question
A: Step 1: Define Inventory Turnover RatioThe inventory turnover ratio measures how efficiently a…
Q: ABC Company produces widgets with a standard cost of $15 per unit. During the month, they produced…
A: Concept of Standard Cost:Standard cost refers to the predetermined cost of producing a product or…
Q: Need help with this accounting question please answer
A: Detailed explanation:Given:Accrued Salaries Expense $4,500Beginning Salaries Payable Balance…
Q: Account
A: Step 1: Key FormulaThe relationship between total costs, fixed costs, and variable costs is…
Q: Hii expert please given correct answer
A: Present Value of Perpetuity = Cash Flow/Interest Rate 3,000 = 240/Interest Rate Interest Rate =…
Q: Atlas manufacturing uses a predetermined overhead solve this accounting questions
A: Step 1: Calculate the predetermined overhead rate (POHR) The POHR is based on direct labor cost:…
Q: Please provide answer this accounting question not use ai
A: Step 1: Define Differential CostDifferential cost is the additional cost incurred when a company…
Q: Accounting 14
A: Explanation: In the given case, we are provided with the activity rates of processing job for…
Q: Parker manufacturing estimates
A: Step 1: Definition of Overapplied or Underapplied OverheadOverapplied overhead occurs when the…
Q: Xavi is a painter of landscapes and seashore portraits. He works outside and has no overhead or…
A: The problem requires the determination of the profit margin. Profit margin is one of the simplest…
Q: Consider a non-current liability that has resulted in a tax liability for Falko Inc. in its 2018…
A: Understanding Deferred Tax LiabilitiesA deferred tax liability (DTL) arises when there are temporary…
Q: Get Financial Account Solution
A: A) Calculate Caraway's Stockholders' EquityThe accounting equation is:…
Q: What was the net income for the year on these general accounting question?
A: Step 1: Define Net IncomeNet income is the profit a company earns during a given period after…
Q: A firm operated at 90% capacity for the past year, during which fixed costs were $320,000, variable…
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Answer? ? General Accounting question
A: Step 1: Define Importance of margins in futures tradingFutures contracts are traded in exchanges,…
Q: Need help with this financial accounting question
A: Step 1: Define Salvage ValueThe salvage value of an asset refers to the net proceeds from the sale…
Q: I don't need ai answer general accounting question
A: Step 1: Define Degree of Operating Leverage:Degree of Operating Leverage (DOL) is a financial ratio…
Q: I need answer of this question solution general accounting
A: Step 1: Definition of Credit SalesCredit sales represent the total value of sales made on credit…
Q: Parker company purchased equipment
A: Step 1: Definition of Straight-Line DepreciationThe straight-line depreciation method allocates the…
Q: 9. Assume the following facts for Moore Company in 2015: Book income before tax: $800,000. The…
A: Step 1: Start with Book Income Before TaxThe starting point for calculating taxable income is the…
Q: I don't need ai answer accounting questions
A: Step 1: Define Assigning Costs to JobsManufacturing costs consist of direct materials, direct labor,…
Q: A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed…
A: I am tasked with finding the EOQ using the formula: EOQ=H2DSWhere:D = Annual demand = 2,800 unitsS…
Q: I need this question answer general accounting question
A: Step 1: Define Variance AnalysisVariance analysis can be used to identify any discrepancies in the…
Q: Kindly help me with general accounting question
A: To determine the price you'd be willing to pay for the stock, we use the Gordon Growth Model (or…
Q: Newport Stationery Supplies recently... Please provide answer the accounting question
A: Step 1: Define Taxable Income (EBT)Taxable income or earnings before taxes (EBT) is the profit a…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial metric that…
Q: If variable manufacturing
A: Step 1: Define Absorption Costing ConceptAbsorption costing is the costing method prescribed by the…
Q: ACCOUNTING MULTIPLE CHOICE QUESTION ☑
A: Explanation of Mixed Cost:A mixed cost includes both a fixed component and a variable component. The…
Q: Resale sports had inventory solve this accounting questions
A: Step 1: Define Inventory TurnoverInventory turnover is used to determine the frequency of the change…
Q: General Account
A: Problem:To calculate the product cost per unit under variable costing, we need to focus on variable…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define Gordon Growth Model (Dividend Discount Model)The Gordon Growth Model, a variation of…
Q: General Account
A: Given Data:Beginning Finished Goods Inventory (Jan 1, 2018): $49,000Ending Finished Goods Inventory…
Q: Answer? ? General Accounting
A: Step 1: Define PerpetuityA stream of cash flow that is expected to pay a certain amount at regular…
Q: Gage Company reports the following information for its first year of operations: Unit produced this…
A: Explanation of Variable Costing: Variable costing is a method where only variable manufacturing…
Q: What amount of net income or net loss would the company report for 2015? General accounting
A: Step 1: Given informationBeginning Stockholders' Equity: $685,000Dividends Paid: $35,000Ending…
Q: What is bicket's 2013 return on common stockholders equity?
A: Step 1: Given Value for Calculation Net Income = ni = $350,000Common Stockholders Equity at the…
Q: Delta corporation issued
A: Detailed Explanation: Solution Key Information: Number of shares issued: 25,000 sharesPar value per…
Q: General Accounting: Munoz Medical Clinic has budgeted the following cash flows: Cash receipts -…
A: Detailed explanation:Cash Balance on January 1 $ 14,000Add : Budgeted Cash Receipts…
Q: Bander industries berhad
A: Step 1: Define Budget VariancesCompanies prepare budgets in fine detail, and then calculate a…
Q: Answer?
A: Step 1: Identify the cost drivers and their rates for each activity.Step 2: Multiply the number of…
Q: Need help with this accounting question not use chatgpt
A: Step 1: Define Actual Overhead CostThe actual overhead cost is the total amount incurred by a…
Q: What is the adjusted book balance???
A: Detailed explanation:Cash account ending balance per books $ 6,800Add : Error in recording a check…
Q: Please provide this question solution general accounting
A: Step 1: Define Standard Cost VariancesIn a standard costing system, manufacturing expenses are…
Q: What is the required return on these financial accounting question?
A: Step 1: Define Required Rate Of ReturnThe required rate of return on a common stock represents the…
Q: Calculate the cash flow dol for this firm ?
A: To calculate the Cash Flow Degree of Operating Leverage (DOL), we use the following formula:Cash…
Q: What is the taxable income? General Account.
A: Step 1: Key DataFrom the given data:Before Tax Revenue: $22,500Loan Principal Payment: $5,926 (not…
Determine the number of units completed
Step by step
Solved in 2 steps
- A Ltd had at the beginning of 2019 a work in progress of 5,000 units. During 2019, 65,000 additional units were started into production. Ending work in progress on 31st December, 2019, was 12,000 units. The beginning work in progress was 100% complete as to direct materials and 50% complete as to conversion costs. The ending work in progress was 100% complete as to direct materials and 80% complete as to conversion costs. Total direct materials put into work in progress cost £77,500. Total conversion costs put into process costs were £105,375. Beginning work in progress cost £33,500, of which £20,250 was for materials and £13,250 for conversion. All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. A Ltd uses a weighted-average process cost system. What is the total cost assigned to A Ltd’s ending work in progress inventory at the end of 2019? 1. £33,100 2. £33,619 3. £37,357 4. £31,875At May 31, 2022, the accounts of Sandhill Company show the following. 1. May 1 inventories-finished goods $15,080, work in process $17,560, and raw materials $9,760. May 31 inventories-finished goods $11,400, work in process $19,120, and raw materials $8,480. Debit postings to work in process were direct materials $74,920, direct labor $60,000, and manufacturing overhead applied $48,000. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $258,000. 2. 3. 4.At May 31, 2020, the account of Vaugh Company show the following. 1. May 1 Inventories-finished goods $14,300, work in process $15,100 and raw materials $8,900. 2. May 31 inventories-finished goods $9,600, work in process $16,100, and raw materials $7,600. 3. Debit posting to work in process were direct materials $62,800, direct labor $53,100, and manufacturing overhead applied $42,300. (Assume that overhead applied was equal to overhead incurred) 4. Sales revenue totaled $216,200 Prepare a condensed cost of goods manufactured schedule.
- The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)Caring Company has the following cost and production date for the month of January 2022:All materials are added at the start of the process and lost units are detected at the inspection point of 75% completion.Under the weighted average method, how much is the cost of the Completed and Transferred (round off to 2 decimal places) Choices: • P748,840.42 • P752,853.20 • P758,008.72 • P762,216.34Alpesh
- Data table Beginning work in process (May 1)ª Started in May 2020 Reference Physical Units (Watches) 105 485 445 145 Completed during May 2020 Ending work in process (May 31)b $3,190,000 Total costs added during May 2020 aDegree of completion: direct materials, 80%; conversion costs, 35%. b Degree of completion: direct materials, 60%; conversion costs, 20%. Flow of Production Completed and transferred out during current period Work in process, ending Accounted for Work done to date Physical Units Direct Conversion Materials Costs $480,800 $96,800 445 145 590 Equivalent Units Direct Materials 445 87 $1,420,000 532 I Conversion Costs 445 29 474Whilewells Ltd had at the beginning of 2019 a work in progress of 5,000 units. During 2019, 65,000 additional units were started into production. Ending work in progress on 31st December, 2019, was 12,000 units. The beginning work in progress was 100% complete as to direct materials and 50% complete as to conversion costs. The ending work in progress was 100% complete as to direct materials and 80% complete as to conversion costs. Total direct materials put into work in progress cost £77,500. Total conversion costs put into process costs were £105,375. Beginning work in progress cost £33,500, of which £20,250 was for materials and £13,250 for conversion. All materials are added at the start of the production process, and conversion costs are incurred uniformly throughout manufacturing. Whilewells Ltd uses a weighted-average process cost system. What is the total cost assigned to Whilewells Ltd’s ending work in progress inventory at the end of 2019? a. £33,619 b. £33,100…The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.Production: 6,600 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.Manufacturing costs: Materials $31,680; labor $20,700; overhead $35,460.Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) QUIK FURNITURE COMPANYSanding DepartmentProduction Cost ReportFor the Month Ended March 31, 2020 Equivalent Units Quantities PhysicalUnits Materials ConversionCosts Units to be accounted for Work in process, March 1 enter a number of units Started into production enter a number of units Total units enter a total number of units Units…
- The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation.Production: 7,100 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs.Manufacturing costs: Materials $40,400; labor $20,600; overhead $39,460.Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.)Yamishi Production had the following inventories for the first quarter of 2022: MaterialsWork in process Finished goods Beginning $606,600 312,100 416,100 Ending $522,100 280,800 540,200 Purchases of materials during the quarter were $427,800. Total direct labor costs were incurred in the amount of $1,482,000. Actual overhead costs were incurred as follows: operating supplies used, $17,100; janitorial and maintenance, $87,300; employee benefits, $26,400; utilities, $162,000; depreciation of factory, $43,200; property taxes, $24,000; factory insurance, $29,000. Net sales for the quarter were $3,562,200. Selling and administrative expenses were $508,000. Income taxes should be computed at 40 percent. Calculate cost of goods manufactured. 6. Company produces small boats. Each boat uses 2 sheets of direct materials at $3 a sheet, it takes 2 hours to finish one boat and hourly rate is $5, factory utilities and supervision cost $6 per boat and variable cost amounts to $2 per direct labor…The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory (60% complete) on October 1.During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the totalequivalent units for conversion costs?