QUESTION: 23 Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted average method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Pounds Salmon of Percent completed Materials Labor & Overhead Work in process inventory, July 1 26,000 100% 57% Work in process inventory, July 23,000 100% 70% 31 A total of 480,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.
Q: Explain
A: QUESTION 1. I. IntroductionA. Background to Enron's case and its consequencesB. The thesis statement…
Q: Additional information 1. Operating expenses include depreciation expense of R34 000 and…
A: The cash flows from operating activities include the cash received and paid in the course of the…
Q: Solve this one
A:
Q: Wildhorse Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part…
A: Step 1Variable manufacturing cost per unit = $5 Fixed manufacturing cost per unit = $3 Purchase…
Q: correct answer is ?
A: Mitchum Fleet, Inc. has incurred the following maintenance costs on its fleet of taxicabs during the…
Q: me File Edit View History M Inbox (2 x M ACC1011 Bookmarks Profiles Tab Window Help x (4726) IF X…
A: Detailed explanation:Accounts Receivable ledger "Feb 3, the debit of $ 410 increased the balance of…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Greetings, student I've addressed your homework and given an explanation. Please listen carefully to…
Q: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and…
A: Product Line Total CompanyWeedbanGreengrowSales300,000=15,000*6 = $90,000=28,000…
Q: help me with this question
A: To find the deposits in transit at the end of August, we need to account for the changes in deposits…
Q: Want Answer in text
A: Step 1: Introduction to Short-Term Liability:Short term liability are the liabilities that the…
Q: Additional information 1. Operating expenses include depreciation expense of R34 000 and…
A: The cash flows from operating activities include the cash received and paid in the course of the…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: The rent is prepaid for six months, so the monthly rent expenses is: 2700/6=450$450 per monthThe…
Q: Answer
A: The tax consequences of selling an asset like the chocolate fountain involve comparing the selling…
Q: Need Help with This Question provide Answer
A:
Q: Explain
A: Question 1)An NSF fee stands for Non-Sufficient Funds fee. It's a penalty charged by your bank when…
Q: Solve it
A: To calculate the annual operating cash flow for Kites Galore, we need to follow these…
Q: Portions of the financial statements for Peach Computer are provided below. FEACH COMPUTER Income…
A: 1. Start with Net Income:The net income for the year 2015 is given as $73,000. This is the starting…
Q: None
A: Step 1: Introduction to the Stock Return:Stock return is a term used to describe the earnings…
Q: provide correct option
A: The rate of return on assets (ROA) is a financial metric used to measure how effectively a company…
Q: The following totals for the month of April were taken from the payroll register of Oriole Company.…
A: Understanding Accrual Accounting:In accrual accounting, we recognize expenses in the period they are…
Q: i Saved Help Save & Required information [The following information applies to the questions…
A: Detailed explanation:a. Specific identification method tracks the units from purchase until they are…
Q: The Gab corporation bonds are currently selling in the market. These bonds have 7 years left to…
A: The problem is asking us to calculate the current market price of a bond. The bond has a coupon rate…
Q: Want Correct Answer with calculation and explanation of the question
A: The goal is to reconcile the bank statement balance with the book balance to ensure both are in…
Q: Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000,…
A: The first step is to calculate the total manufacturing costs. This includes the direct materials,…
Q: None
A: July 6: Received a contribution of $65,000 from Sansone and opened a bank account in the name of C.…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To determine the financial ratios requested, we'll use the provided information and the following…
Q: Gig Harbor Boating is the wholesale distributor of a recreational sailboat. Management provided the…
A: Given:Budgeted unit sales: $ 460 Selling price per unit: $ 1,950 Cost per unit: $ 1575 Variable…
Q: Need Help with this Question
A: step: 1In this question, we have to prepare a bank reconciliation statement and provide a journal…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Inventory Valuation Methods:These are accounting techniques companies use to determine the value of…
Q: Comprehensive Problem 1 Part 7: The following is a comprehensive problem which encompasses all of…
A: I hope it is helpful. If you have any doubt, you can ask me for clarification.
Q: need answer
A: Step 1:Given Information:Desired growth rate (g) = 13%Debt-equity ratio (D/E) = 0.5Profit margin…
Q: find the correct answer
A:
Q: None
A: Step 1: Introduction to Bankers Acceptance:Bankers' acceptance is a tool that is proof of the…
Q: bvs
A: Step 1: Show formula version of the solution sheet for a better understanding of the calculations:…
Q: Provide Answer with calculation
A: Given the historical cost of the product, Dominoe is $65, the selling price of product Dominoe is…
Q: H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year.…
A: Detailed explanation:Item Quantity x Unit Cost = Total CostTotal Net Realizable Value (NRV)…
Q: solution
A:
Q: Garden Depot is a retailer that provided the following budgeted cash flows for next year: Total cash…
A: Step 1: Show formula version of the solution sheet for a better understanding of the calculations:…
Q: Question: Hazel owns an event planning company that specializes in very high-end events. Several…
A: To determine the tax consequences of selling the chocolate fountain, we need to calculate Hazel's…
Q: A 1 Question: Suppose Boyson Inc.'s free cash flow for next year is FCF1 = $150,000, and FCF is…
A: Total Corporate Value = FCF1/(WACC-Growth rate) Total Corporate Value = 150,000/(0.115-0.065) Total…
Q: Provide Answer
A: Accounts Receivable = $42,000Cash = $50,000Goodwill = $47,000Inventory = $38,000Prepaid Expenses =…
Q: Cullumber provides environmentally friendly lawn services for homeowners. Its operating costs are as…
A: Step 1: Computation of the total fixed cost for the month of July:Total fixed for the month =…
Q: Pearl Company has the following production information for October: 60,000 units transferred out and…
A: Costing Units with Weighted Average MethodWe can use the weighted-average method to assign costs to…
Q: answer
A: To find the actual total direct materials cost for the current period, we need to account for the…
Q: which option is correct
A: Given information:Annual sales of Tally Ho Inn = $737,000Earnings before interest and taxes (EBIT) =…
Q: The shear strength of soil is dependent on: A) Cohesion only B) Angle of internal friction only C)…
A: The shear strength of soil is dependent on: C) Both cohesion and angle of internal friction…
Q: None
A: Step 1:Net Long Term Capital Gain of $ 61, 200, see solution below.
Q: During October, Jobs 878, 879, and 880 were started. Data on costs added during October for all jobs…
A: The given data includes the beginning balance for Job 877, and the direct materials and direct labor…
Q: Provide right answer
A: Using the High-Low Method to Estimate Fixed & Variable Costs:The high-low method is a way to…
Q: Yuvwell Corporation's direct labor budget for next year contained the following Information:…
A: Step 1: Step 2: Step 3: Step 4:
Solve it
Step by step
Solved in 2 steps with 1 images
- Equivalent Units of Production—Weighted-Average Method Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments—Cleaning and packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: A total of 380,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Required: Compute the Cleaning Department’s equivalent units of production for materials and for labor and overhead in the month of July.Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Work in process inventory, July 1 Work in process inventory, July 31 Percent Completed Labor and Overhead Equivalent units of production Pounds of Salmon Materials 29,000 100% 17,000 100% A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. 55% 70% Labor and OverheadHelp Save & E EXVAWY118 Corporation uses the weighted-average method in its process costing system. EXVAWY118's data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials costs 2,000 $ 8,400 $ 3,700 Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month 55% 258 7,900 7,100 $ 111,500 $ 84,600 Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion (ID#17836) Q.) The cost of ending work in process inventory in the first processing department according to the EXVAWY118's cost system is closest to: (Round "Cost per equivalent unit"…
- please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work in process inventory, beginning 86,000 $ 84,000 $ 41,900 $ 55,600 Units started in process 819,000 Units transferred out 840,000 Work in process inventory, ending 65,000 Cost added during the month $ 1,111,425 $ 516,500 $ 686,025 The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 70% complete with respect to materials and 50% complete with respect to labor and overhead.…Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments—Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Percent Completed Pounds of Salmon Materials Labor and Overhead Work in process inventory, July 1 27,000 100 % 53 % Work in process inventory, July 31 22,000 100 % 90 % A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments—Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Pounds of Salmon Percent Completed Materials Labor and Overhead Work in process inventory, July 1 31,000 100% 59% Work in process inventory, July 31 19,000 100% 80% A total of 460,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.
- Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Work in process inventory, July 1 Work in process inventory, July 31 Pounds of Salmon 29,000 22,000 Equivalent units of production Percent Completed Labor and Overhead 58% 70% A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials Materials 100% 100% Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Labor and OverheadEquivalent Units and Cost per Equivalent Unit—Weighted-Average Method Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow: The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead. Required: 1. Compute the first department’s equivalent units of production for materials, labor, and overhead for the month. 2. Determine the first department’s cost per equivalent unit for materials, labor, and overhead for the month.Required information Skip to question [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process—Mixing Department June 1 balance 25,000 Completed and transferred to Finished Goods ? Materials 157,080 Direct labor 99,500 Overhead 117,000 June 30 balance ? The June 1 work in process inventory consisted of 4,000 units with $13,020 in materials cost and $11,980 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 36,500 units were started into production. The…
- Assume a company uses the FIFO method in its process costing. Its Work in Process T-account for the Refining Department for August is: Hork in Process Refining Department August 1 balance 62,000 Completed and transferred to Pinished Gonds Materials 495,000 Direct labor 72,000 Overhead 181,000 August 31 balance The August 1 work in process inventory consisted of 6,000 units with $40,000 in materials cost and $22,000 in conversion cost. The August 1 work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were started into production. The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion. What is the conversion cost in the ending work in process inventory? Multiple Chaice $28,404 $25,104 $27404 $22,104 O O o O5 Required information [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): June 1 balance Materials Direct labor Overhead June 30 balance Debit Work in Process-Mixing Department Credit 27,000 Completed and transferred to Finished Goods a. Total cost to be accounted for b. Total cost accounted for 151, 100 95,500 113,000 The June 1 work in process inventory consisted of 4,400 units with $14,100 in materials cost and $12,900 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 36,900 units were started into…Analysis of Work in Process T-account—Weighted-Average Method Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in materials cost and $7,200 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 167,000 pounds were started into production. The May 31 inventory consisted of 15,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted-average method in its process costing system. Required: 1. Compute the Grinding Department’s equivalent units of production for materials and conversion in…