Alpha Company manufactures leather bags. For the month of April, the total bags to account for are 28,000 and there are 10,000 bags in ending work-in-process (EWIP), 40% complete. There were 23,000 bags started in April. Determine the bags that were in the beginning work-in-process (BWIP) for April. a. 11,800 bags b. 5,950 bags c. 10,000 bags d. 5,000 bags
Q: Do not use Ai.
A: Step 1:The segment's discontinuance is taken into consideration when doing the differential…
Q: None
A: Based on the information provided in the image:Problem Breakdown:BuyCo, Inc. holds 25% of Marqueen…
Q: Kingbird Co. purchased machinery for $170,100 on January 1, 2017. It is estimated that the machinery…
A: To calculate depreciation under the working hours method, you need to follow these steps:1.…
Q: Explaining
A: The lower cost or market (LCM) method requires comparing the cost and replacement cost for each part…
Q: Provide solution this question
A: Step 1: Introduction to the SharesShares are issued to finance corporate operations and to grant…
Q: The 2023 balance sheet of Swiatek’s Tennis Shop, Incorporated, showed long-term debt of $2.4…
A: Step 1:Calculate the Change in Long-Term Debt Step 2:Calculate the Cash Flow to Creditors Step…
Q: Ramos Company has a 90-day note that carries an annual interest rate of 8%. If the amount of the…
A: Step 1: Calculation of principal of note We can calculate the principal of note using following…
Q: Why do organizations have policies regarding the use of assets and why do staff need to be aware of…
A: Approach to Solving the Question:To answer these questions, the approach involves understanding the…
Q: None
A: Detailed explanation:Direct materials used is computed by adding beginning inventory of raw…
Q: A project will cost $180,000. The after-tax future cash flows are expected to be $50,000 annually…
A: Problem 1: Discounted Payback Period (DPB) with an 8% Discount RateGiven:Initial cost of the project…
Q: Need answer
A: Step 1: Step 2: Step 3: Step 4:
Q: What is the cost of goods sold (COGS) for a firm with with a gross profit gross profit margin of 32…
A: Step 1:Cost of goods sold can be calculated by using following formula = Sales revenue - gross…
Q: On October 1, Year 1, Josh Smith, attorney, accepted a $10,800 cash advance from his client, James…
A: Josh Smith, an attorney, received a cash advance of $10,800 from his client, James Company, for…
Q: Bellaton Industries is a manufacturing company located in Europe that has just completed the first…
A: A flexible budget adjusts the master budget for your actual sales or production volume. For Bellaton…
Q: None
A: (1) Times-Interest-Earned RatioThe Times-Interest-Earned (TIE) ratio is a financial metric that…
Q: Given below are the account balances for Charlie Company: Gross sales - $92,000 Sales returns and…
A: Step 1: Calculate net sales.Net sales = Gross sales - Sales returns and allowancesNet…
Q: Ans
A: Internal Controls and Cash ReceiptsExample of an Internal Control:Segregation of Duties: This…
Q: On January 1, 2024, Majestic Mantles leased a lathe from Equipment Leasing under a finance lease.…
A: Step 1:1. The lease liability after the first payment is $278,504, which is the outstanding balance…
Q: Ans
A: Financial Statements Financial statements are formal records of the financial activities and…
Q: What are Shimmer's taxable income and tax liability for the year? Use Corporate Tax Rate Table.
A: 1. Calculate the gain or loss on the sale of assets: a. Building: Sales Price: $670,000…
Q: Why do organizations have policies regarding the use of assets and why do staff need to be aware of…
A: 1. Why do organizations have policies regarding the use of assets, and why do staff need to be aware…
Q: Do not use Ai
A:
Q: Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities:…
A: First, we need to calculate the total overhead costs for each activity. The total budgeted overhead…
Q: Solution
A: To calculate the total differential costs incurred due to the expansion, we'll consider the changes…
Q: kau.3 answer must be in table format or i will give down vote
A: Given Data:Fixed Costs Increase: $585,000Sales Mix and Contribution Margin Ratios:Appetizers: 25% of…
Q: Hello Please provide answer with given option
A: Define Activity-Based Costing:Activity-Based Costing provides accurate allocation of overhead costs…
Q: Answer pls
A: Step 1: Define Manufacturing Costs:The manufacturing costs of a product consist of materials, labor,…
Q: step by step ans needed
A: Step 1: Compute the net variance.Material price$420 FMaterial quantity600 FLabor price(420) ULabor…
Q: solve this one please
A: Step 1: Introduction to the Process CostingIn accounting, for manufacturing activity, the process…
Q: Hi expart Provide solution
A: Step 1: The DuPont analysis formula is: Return on Assets (ROA) = Profit Margin × Asset Turnover We…
Q: The following financial statements apply to Finch Company: Year 2 Year 1 Revenues $ 220,700 $180,800…
A: Approach to solving the question: Examples: Key references:
Q: I need the answers to requirement A and B.
A: B. Amortization tableNote: Since it is a zero-coupon bond, there is no stated interest. I hope I was…
Q: None
A: The activity rate of the moving cost needs to be determined by considering the number of moves as a…
Q: Partnerships When two or more individuals come together to form a partnership, the assets that they…
A: The bonus method is used when the total capital contributed by the partners is not equal to the…
Q: For each of the following taxpayers, indicate the filing status for the taxpayer(s) for 2023 using…
A: Step 1: Case Description Filing Status a. Linda is single and supports her friend, Kayla (who has no…
Q: Newhard Company applies overhead cost to jobs on the basis of 117% of direct labor cost. Job 313…
A: Given, Predetermined overhead rate: 117% of direct labor cost Details of Job 313:Number of units:…
Q: Not use Ai please gffvjfntwetnykeemsk
A: a) Key Concepts and Formulas Used1. Depreciation and Tax Shield:Depreciation is the allocation of…
Q: Give correct answer
A: Approach to solving the question: To determine the change in net income that would result from the…
Q: ?
A: The first question pertains to price-sales ratio. Price-sales ratio is a market value ratio used to…
Q: Provide correct answer
A: Step 1: Introduction to the Inventory TurnoverInventory turnover indicates how often a company's…
Q: Solve the question
A: To calculate the merchandise inventory on December 31, 2014, using the lower-of-cost-or-market (LCM)…
Q: kau.3 answer must be in table format or i will give down vote Gonzaga Company has used the…
A: First, we need to calculate the total depreciation that has been recorded under the…
Q: None
A: Step 1: Introduction to the Stock ReturnsWhen a stock's return is expressed in dollars, it is called…
Q: Give me answer
A: Step 1: Calculate the Present Value (PV) of Cash FlowsThe formula for the present value of future…
Q: 11
A: 1. Investment at Fair ValueStep 1:Under this method, Gant recognizes changes in the fair value of…
Q: I work in healthcare and we use a static budget so there are always variances. A lot of the…
A: Addressing Payroll and Outside Service Variances in HealthcareIn the healthcare industry, where…
Q: not use ai please don't
A: REQ 1 and 2Explanation of the key concepts related to identifying costs: Product Cost vs. Period…
Q: I want to correct answer
A: To determine the correct adjustment to the company books, let's work through the bank reconciliation…
Q: neeed correct ✅
A: Part A: Prepare Brownlee Catering's Balance Sheet at September 30, 2015First, we need to complete…
Q: Do not use ai please don't
A: Given that actual labor hours = 9,800 Flexible overhead cost = Standard Cost * Actual labor hours…
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 5,050 hrs. Actual rate for direct labor $16.80 per hr. Bicycles completed in July 1,000 bicycles Standard direct labor per bicycle 5.4 hrs. Standard rate for direct labor $16.00 per hr. b. How much direct labor should be debited to Work in Process?Bati Furniture LLC has completed production of 15,000 units in the month of January and the units are transferred to stores, 10,000 units of Work in process on 31st January was available which are equal to 50% completed units and 20,000 units of Work in process on 1st January which is equal to 72% competed units. You are required to assume that beginning work in progress is 35% completed and find the total number of equivalent units for the month of January. a. 31,000 units b. 6,500 units c. 13,000 units d. 5,600 unitsa. Compute the Direct Materials Varia
- Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 40% for conversion) Direct materials Conversion cost Number of units started April costs Direct materials Conversion cost Work in process, April 30 (100% complete for materials, 20% for conversion) 32,100 units $ 48,900 $ 66,900 95,700 units $ 136,500 $ 202,500 48,900 units E3-10 (Algo) FIFO Method [LO 3-4] Required: Using the FIFO method of process costing, complete each of the following steps: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units. 3. Calculate the cost per equivalent unit. 4. Reconcile the total cost of work in process. SPlease do not give image formatDuring the first month of operations ended July 31, Head Gear Inc. manufactured 25,600 hats, of which 24,100 were sold. Operating data for the month are summarized as follows: Line Item Description Amount Amount Sales $226,540 Manufacturing costs: Direct materials $138,240 Direct labor 35,840 Variable manufacturing cost 17,920 Fixed manufacturing cost 15,360 207,360 Selling and administrative expenses: Variable $12,050 Fixed 8,800 20,850 During August, Head Gear Inc. manufactured 22,600 hats and sold 24,100 hats. Operating data for August are summarized as follows: Line Item Description Amount Amount Sales $226,540 Manufacturing costs: Direct materials $122,040 Direct labor 31,640 Variable manufacturing cost 15,820 Fixed manufacturing cost 15,360 184,860 Selling and administrative expenses: Variable $12,050 Fixed 8,800 20,850 Required: Question…
- i need help finishing this problemThe following information summarizes the activities in the Sewing Department for the month of August. Beginning inventory 8,000 units, 70% complete Started and completed 68,000 units Ending inventory 16,000 units, 40% complete Material is added at the beginning of the process and conversion costs are incurred evenly throughout the process. Calculate the equivalent units completed with respect to conversion costs during the month of August using the FIFO method. Select one: a. 65,000 O b. 74,400 C. 76,800 d. 84,000 e. 86,000Sharp Company manufactures a product for which the following standards have been set: Standard Quantityor Hours Standard Priceor Rate StandardCost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $52,965, all of which were used in the production of 2,920 units of product. In addition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $31,500. The following variances have been computed for the month: Materials quantity variance $ 4,350 U Labor spending variance $ 3,030 U Labor efficiency variance $ 780 U Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March. b. Compute the price variance and the spending variance. 2. For direct labor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month’s production.…
- Solve this questionGoldenrod Company makes artificial flowers and reports the following data for the month: Purchases of materials, on account $ 51,000Materials requisitions: Direct materials 42,300 Indirect materials 500Labor incurred (not yet paid): Direct labor 20,300 Indirect labor 1,340Journalize the entries relating to materials and labor.Deshery Company makes small metal containers. The company began October with 300 containers in process that were 35 percent complete as to material and 45 percent complete as to conversion costs. During the month, 6,000 containers were started. At month end, 1,900 containers were still in process (40 percent complete as to material and 75 percent complete as to conversion costs). Using the weighted average method, what are the equivalent units for conversion costs? * a. 4,265b. 5,590c. 5,825d. 6,300