Assume 550 units were worked on during a period in which a total of 500 good units were completed. Normal spoilage consisted of 30 units; abnormal spoilage, 20 units. Total production costs were $2,200. The company accounts for abnormal spoilage separately on the income statement as loss due to abnormal spoilage. Normal spoilage is not accounted for separately. What is the cost of the good units produced?
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- Do you agree with the following statements? Check only those with which you agree. Choose All That Apply At the end of the period, the balance remaining in Work in Process is carried forward to the next period.At the end of the period, the balance remaining in Work in Process is carried forward to the next period. Burgess Company incurred costs of $50,000 to manufacture products during the period when no units were sold. No period costs will be reported in this regard on the company's income statement for the period. Burgess Company incurred costs of $50,000 to manufacture products during the period when no units were sold. No period costs will be reported in this regard on the company's income statement for the period. Only manufacturing companies use a predetermined overhead application rate; such rates are not used by service companies.Only manufacturing companies use a predetermined overhead application rate; such rates are not used by service companies. Service…The following data are available for GenoPearls Company: Normal spoilage of P 10,000; Freight in of P 10,000, Freight out of P 5,000; Actual conversion manufacturing cost of P 90,000, Standard manufacturing cost of P 120,000; excess of standard manufacturing cost over actual cost of P 10,000; standard Direct labor cost of P 40,000 and actual direct labor cost of P 30,000. What is the actual prime cost for the year?The following information provides the amount of cost incurred in Merch for the cost items indicated. During March 8,500 units of the firm's single product were manufactured Factory depreciation exper rect Ser Production servi Сперитет гента и an is Required 141.200 a. How much cost would you expect to be incurred for each of these items during Apr when 9.700 units of the product are planned for production? (Do not round intermedine calcul Factory on exper D Potion superviso Frey 1 of 13 Next >
- In manufacturing the main product, a company processes the incidental waste to two by-products A and B. From the following data relating to the products you are required to prepare a Comparative Profit and Loss Statement showing the individual costs and other details. The total costs upto separation point was RO 310,400. Main Product By-Product By-Product A B Sales 800,000 64,000 96,000 Costs after Seperation 80,000 12,800 14,400 Estimated Profit 20% 20% Estimated selling expenses as % to sales Value 20% 10% 15% 田 Product Profit Estimated Cost Post Separation Cost Proportion of Joint Cost SalesVerde Company reported operating costs of 50,000,000 as of December 31, 20x5, with the following environmental costs: Required: 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. What is the message of this report? 2. Prepare a pie chart that shows the relative distribution of environmental costs by category. What does this report tell you? 3. What if Verde deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? Offer possible reasons for this decision. If consciously avoided, is this decision unethical?Using the Taguchi quality loss function, an average loss of 20 per unit is calculated. During the year, 25,000 units were produced. Which of the following statements represents the correct application of the Taguchi loss function? a. The hidden costs of internal failure are 500,000. b. The hidden costs of external failure are 500,000. c. The costs of detection activities are 20 per unit inspected. d. The total external costs are 500,000.
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