Delta Manufacturing has 2,200 units in beginning inventory (60% complete), starts 15,400 units during the period, and has 750 units in ending inventory (40% complete). How many units were completed?
Q: Company X sets price equal to cost plus 60%. Recently, Company X charged a customer a price of $42…
A: Let's break it down:We analyze the situation using an item cost variable x.Since the company sets…
Q: Eagle corporation has the following financial data?
A: To calculate the Price-Earnings (P/E) ratio, the formula is:P/E Ratio=Earnings per Share (EPS)Price…
Q: Calculate Windsor Gear works total assets on these financial accounting question
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that measures a…
Q: General accounting
A: Step 1: Definition of Gross Profit and Gross Profit RatioGross Profit: The difference between net…
Q: If the liabilities of a business increased RM60,000 during a period of time .
A: Explanation of Accounting Equation:The accounting equation is a fundamental principle of accounting…
Q: Mason Corporation issued its own Solve this question
A: Formula for Discount:Discount = Face Value × Discount Rate × Time (in years)Identify the values:Face…
Q: Provide answer general accounting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures the ability of a company…
Q: can you please provide correct answer. @ general account
A: A variance is labeled as favorable when actual costs are lower than the standard or expected costs…
Q: Financial Accounting
A: Step 1: Define Predetermined Overhead Rate (Activity Rate)The Predetermined Overhead Rate (Activity…
Q: Estimate for the cost of food service?
A: Explanation of Variable Cost: Variable costs are expenses that change proportionally with the level…
Q: River stone Co. had the following consignment... Please answer the financial accounting question
A: Step 1: Define Consigned InventoryConsigned inventory refers to goods sent to another party (the…
Q: Financial Accounting
A: Step 1: Define Absorption CostingAbsorption costing includes all manufacturing costs (both variable…
Q: Please provide answer this general accounting question
A: To calculate the absorption cost of goods sold (COGS), we include both variable and fixed…
Q: The Tin company uses the straight-line method to depreciate its equipment. On May 1, 2018, the…
A: Concept of Depreciation Expense: Depreciation expense is the allocation of the cost of a tangible…
Q: Apex Manufacturing co. Has a manufacturing capacity of 12,000 units.
A: Explanation of Flexed Budgeting:Flexed budgeting is a method used to adjust budgeted costs or…
Q: 5 PTS
A: To calculate the proceeds to Mason Corporation, we need to determine the amount the bank discounts…
Q: None
A: Solution:We need to calculate the percentage of total return for the stock using the following…
Q: Correct Answer
A: (II) Process-specific tests complement overall assessments.This is correct. Activity-level…
Q: Question: - How does resource attribution mapping enhance cost allocation? 1. Attribution wastes…
A: The question pertains to the purpose or the use of resource attribution mapping. Resource…
Q: None
A: Step 1: Definition of Direct Labor VarianceDirect Labor Variance is the difference between the…
Q: What is the gross profit percentage on these general accounting question?
A: To calculate the gross profit percentage, we first need to determine the gross profit and then…
Q: Step by step answer
A: Explanation of Equivalent Units of Production (EUP): Equivalent units of production represent the…
Q: No AI ANSWER
A: The question requires the determination of the ROE or the Return on Equity. Return on equity (ROE)…
Q: Please give me correct answer this financial accounting question
A: Step 1: Define Unrealized Gain or LossUnrealized gains or losses for trading securities reflect the…
Q: Discuss the potential benefits and limitations of incorporating forward-looking information, such as…
A: Definitions1. Forward-Looking Information: Forward-looking information refers to projections,…
Q: What is the net income percentage?
A: To calculate the net income percentage (also known as the profit margin), use the formula: Net…
Q: Cost of goods sold? General accounting
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: Ans
A: Step 1: Definition of Effect of Net Income on the Accounting EquationThe main objective of every…
Q: Colton Inc. is a merchandising company. Last month, the company's cost of goods sold was $85,600.…
A: Step 1: Recall the formula for ending merchandise inventory.Beginning merchandise inventoryxxxAdd:…
Q: Variable cost per unit?
A: High-Low Method:The high-low method is a cost accounting technique used to separate fixed and…
Q: Amy is evaluating the cash flow consequences of organizing her business entity SHO as an LLC (taxed…
A: Part B: Factors Causing Differences in After-Tax Cash FlowsThe differences in after-tax cash flows…
Q: Glendale Manufacturing has a profit margin of 6%, a 40% dividend payout ratio, a total asset…
A: The sustainable growth rate (SGR) measures how fast a company can grow its sales, earnings, and…
Q: Provide answer general accounting
A: To solve this, we can use the contribution margin approach. Calculate the total contribution…
Q: Calculate day's sales in receivables?
A: Explanation: The formula to calculate days' sales in receivables is as follows:Days sales in…
Q: Hamilton supplies shows the following balance.
A: Explanation of Gross Profit Margin: Gross profit margin is the percentage of revenue that exceeds…
Q: Hi expert please give me answer general accounting question
A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…
Q: I need with this problem is accounting
A: Step 1: Define Variable CostThe total costs incurred by a manufacturing firm can be further…
Q: Ans
A: Concept of Customer Advances Balance (Dec 31, 2008):This refers to the amount of advance payments…
Q: What is the amount of the shareholders equity?
A: Step 1: Definition of Shareholders' EquityShareholders' equity represents the residual interest in a…
Q: Do you please solve this general accounting question?
A: Step 1: Define Net Cash Provided by Operating ActivitiesNet cash provided by operating activities is…
Q: ?!
A: Explanation of Rent Expense:Rent expense represents the cost incurred by a company for using rented…
Q: Financial Accounting Question please solve
A: Step 1: Define Interest ExpenseInterest expense is the cost incurred by a company for borrowing…
Q: Why does sustainability integration affect measurement choices? (1) Integration creates problems (2)…
A: Approach to Solving the Question:Understand the Core Concept:The question is about how…
Q: What does common judgement traps include?
A: Common Judgment Traps Confirmation BiasDefinition: The tendency to seek, interpret, and remember…
Q: Company X sets price equal to cost plus 60%. Recently, Company X charged a customer a price of $42…
A: Approach to solving the question:To find the original cost when you have the selling price and the…
Q: Aspire Corp is preparing its cash budget for the month of June. The company estimated credit sales…
A: Explanation of Cash Receipts from Accounts Receivable:Cash receipts from accounts receivable refer…
Q: Omega Corp. has a material standard of 1.8 pounds per unit of output. Each pound has a standard…
A: Explanation of Direct Materials Quantity Variance:Direct Materials Quantity Variance measures the…
Q: Financial Accounting
A: Step 1: Define Accounts Receivable PeriodThe Accounts Receivable Period is the average number of…
Q: Why does sustainability integration affect measurement choices? (1) Integration creates problems (2)…
A: Sustainability integration affects measurement choices because it fundamentally alters the scope and…
Q: General Accounting
A:
Do fast answer of this accounting questions
Step by step
Solved in 2 steps
- How many units must be in ending inventory if beginning inventory was 15,000 units, 55,000 Units were started, and 57,000 units were completed and transferred out?A company started a new product, and in the first month started 100,000 units. The ending work in process inventory was 20,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 100,000 units to account for, and the equivalent units for materials was $6 per unit while the equivalent units for conversion was $8 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method?Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials inventory balance of $200. If the cost of materials used during the month was $900, what was the beginning inventory?
- For each of the following independent situations, calculate the missing values: 1. The Belen plant purchased 78,300 of direct materials during June. Beginning direct materials inventory was 2,500, and direct materials used in production were 73,500. What is ending direct materials inventory? 2. Forster Company produced 14,000 units at an average cost of 5.90 each. The beginning inventory of finished goods was 3,422. (The average unit cost was 5.90.) Forster sold 14,120 units. How many units remain in ending finished goods inventory? 3. Beginning work in process (WIP) was 116,000, and ending WIP was 117,300. If total manufacturing costs were 349,000, what was the cost of goods manufactured? 4. If the conversion cost is 84 per unit, the prime cost is 55, and the manufacturing cost per unit is 105, what is the direct materials cost per unit? 5. Total manufacturing costs for August were 412,000. Prime cost was 64,000, and beginning WIP was 76,000. The cost of goods manufactured was 434,000. Calculate the cost of overhead for August and the cost of ending WIP.Using the weighted-average method, compute the equivalent units of production for a new company that started 85,000 units into production and transferred 67,000 to the second department. Assume that beginning inventory was 0. Conversion is considered to occur evenly throughout the process, while materials are added at the beginning of the process. The ending inventory for Equivalent Units: Conversion is 9,000 units.Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units, 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are 70% complete and the Units are 30% complete with respect to conversion.
- Beginning inventory amounted to 1,000 units. This period 4,500 units were started and com- pleted. At the end of the period, the 3,000 units in inventory were 30 percent complete. Using FIFO costing, the equivalent production for the period was 5,600 units. What was the percentage of completion of the beginningAt the end of January, Higgins Data Systems had an inventory of 710 units, which cost $15 per unit to produce. During February the company produced 1,070 units at a cost of $18 per unit. If the firm sold 1,210 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.)The department had beginning inventory of 5,500 units of product and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred-in and production cost for the period was $902,400.00. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (standard) cost per unit is $9.45. What is the equivalent cost per unit, assuming ending inventory is 40% complete? What is the equivalent cost per unit, assuming ending inventory is 60% complete?
- Cavy Company completed 7,770 units during the year at a cost of $590,520. The beginning finished goods inventory was 1,710 units valued at $121,410. Assuming a FIFO cost flow, determine the cost of goods sold for 7,020 units.$fill in the blank 1The ending inventory for the year would be valued at.The value of the inventory is?
