Not use ai please EXERCISE 3Arboles Company manufactures pencils and has the following information available for the month of July:Work in process, July 175,000 units(100% complete for materials, 60% for conversion)Direct materials$ 5,000Conversion costNumber of units startedJuly costsDirect materialsConversion cost$17,500100,000 units$ 6,500$24,000Work in process, July 3170,000 units(100% complete for materials, 10% for conversion)Required:Using the weighted-average 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 cost per equivalent unit, rounded to five decimal places.4. Reconcile the total cost of work in process.

Step 1:Reconciliation of Physical Units : Reconciliation of Physical Units :The total physical units…

Answered: EXERCISE 3 Arboles Company manufactures…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

ChapterCSR: Contents Of Student Resources

Section: Chapter Questions

Problem 7.30EP

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The Lawson Fabric Mill Produces five different fabrics. Each fabric can be woven on one or more of the mill’s 36 looms. The sales department’s forecast of demand for the next month is shown in below Table 1, along with data on the selling price per yard, variable cost per yard, and purchase price per yard. The mill operates 24 hours a day and is scheduled for 30 days during the coming month. The mill has two types of looms: draw and regular. The draw looms are more versatile and can be used for all five fabrics. The regular looms can produce only three of the fabrics. The mill has a total of 36 looms: 8 are draw and 28 are regular. The rate of production for each fabric on each type of loom is given in below Table 2. The time required to change over from producing one fabric to another is negligible and does not have to be considered. The Lawson Fabric Mill satisfies all demand with either its own fabric or fabric purchased from another mill. Fabrics that cannot be woven at the…
A hurricane has been predicted to make landfall in Louisiana. The counties that lie within the path of the storm along with current population estimates are given in Table 1 below. There are several regional warehouses located in Texas, Alabama and Georgia that have capacity available to lease so that supplies can be prepositioned in advance of the storm. The lease capacity available at each of the warehouses is 100,000 units of MREs (meals ready-to-eat). The cost to lease each warehouse along with the capacity available is displayed in Table 2. The distance (in miles) to ship product to each of the counties from each possible warehouse location is summarized in Table 3. Assume travel cost is proportional to distance traveled. Formulate a mathematical model that will determine which of the warehouses to use to preposition MREs and the amount shipped from each warehouse to each of the counties to assist those who are in need after the storm. Assume that 25% of the population will…
Sandhill Company completes and transfers out 13,720 units and has 1,960 units of ending work in process that are 25% complete as to conversion costs. Materials are entered at the beginning of the process, and there is no beginning work in process. Assuming unit. materials costs of $3 and unit conversion costs of $5 , what are the costs to be assigned to units (a) completed and transferred out and (b) in ending workingrocess?
Marcia Baker is the new manager of the materials storeroom for Keller Manufacturing. Marcia has been asked to estimate future monthly purchase costs for part #696, used in two of Keller's products. Marciahas purchase cost and quantity data for the past 9 months as follows: Month Cost of Purchase Quantity Purchased January $12,410. 2,730 parts February. 12,880 2,880 March 17,505 4,148 April 15,869 3,761 May 13,170 2,912 June 13,867 3,332 July 15,237 3,644 August 10,061 2,287 September 14,960 3,582 Estimated monthly purchases for this part based on expected demand of the two products for the rest of the year are as follows: Month Purchase Quantity Expected October…
distributor of automotive parts is considering ordering and inventory policy for a new make of tire. This is a specialty item; annual demand is only 2000 units. The cost of placing an order is $100, and annual inventory holding costs are estimated at 20% of the cost of an item. The price paid for the new tires will vary depending on the order quantity according to the following schedule: Order Quantity Less than 100 100 to 599 600 to 1199 1200 or more Cost per Unit $61 $60 $59 $58 Analyze this data to determine the Economic Order Quantity for this inventory item.
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2. Draw diagrams to represent the following situations. a. The amount of flour that the bakery used this month was a 50% increase relative to last month. b. The amount of milk that the bakery used this month was a 75% decrease relative to last month.
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