The welding department had beginning work in process of 20,000 units, ending work in process of 26,000 units, and units transferred out of 60,000 units. What was the number of units started or transferred in?
Q: Provide correct answer general accounting
A: Step 1: Define Variance AnalysisVariance analysis helps businesses in keeping operational costs…
Q: Provide answer financial accounting
A: Step 1: Define Operating cycleOperating cycle is given as the time taken to convert the inventory to…
Q: During FY 2017, Mitchell Company reported sales of... Please need answer the general accounting…
A: Given:Total Sales = $98,000Contribution Margin per Unit = $6.00Fixed Costs = $30,000Net Income =…
Q: Please provide correct answer general Accounting
A: Step 1: Calculate the Predetermined Overhead Rate• Formula: Predetermined Overhead Rate = Budgeted…
Q: Variable costs 24000 and fc 16500
A: Explanation of Revenue:Revenue refers to the total amount of money generated from the sale of goods…
Q: Financial Accounting
A: Approach to solving the question:Below I have provided the formula along with step by step…
Q: Winston's Super Market is currently an all equity firm.... Please solve this financial accounting…
A: Step 1: Define Bond CouponThe amount of the bond coupon may be determined by multiplying the bond's…
Q: General Accounting Question
A: Step 1: Define Standard Hours AllowedStandard Hours Allowed refers to the number of labor hours that…
Q: I need this question answer general Accounting
A: This question requires the determination of the expected return on assets. The Capital Asset Pricing…
Q: What is the amount of budgeted direct labor cost for the month of July? General accounting
A: Step 1: Define Direct LaborDirect labor refers to the amount of wages of the persons who are…
Q: Financial accounting questions
A: Step 1: Define Accounts Receivable ManagementThe process of establishing limitations on choice of…
Q: Provide solution step by step
A: Explanation of Asset Turnover:Asset turnover is a financial ratio that evaluates a company's…
Q: If the beginning inventory solve this accounting questions
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the direct expense incurred in the…
Q: ANSWER
A: Explanation of Stock Dividend: A stock dividend represents a distribution of additional shares to…
Q: Tech Manufacturing has the following data for the past six months: please answer the accounting…
A: Highest Activity Cost = Highest Total Overhead Cost = $13,500, Lowest Total Overhead Cost =…
Q: @nswer??????
A: Explanation of Percentage Depletion: Percentage depletion is a method of calculating depletion…
Q: Provide correct answer this question financial accounting
A: Step 1: Define Recognized Gain/lossRecognized gain is the excess of the selling price over the…
Q: What is it's cash conversion cycle for this accounting question?
A: Step 1: Define Cash Conversion CycleCash conversion cycle traces the time period for which cash is…
Q: Which formula calculates the return on assets ratio? a. (Net Income + Discontinued…
A: Concept of Return on Assets (ROA):Return on Assets (ROA) measures how efficiently a company uses its…
Q: I need answer of this question solution general accounting
A: To calculate the Cost of Goods Sold (COGS), use this formula: COGS = Beginning Inventory + Net…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total Asset TurnoverThe total asset turnover ratio measures a company's…
Q: Financial Accounting Question answer step by step calculation and correct
A: Step 1: Information provided Work in Process on January 1, 2018 (Beginning WIP) = $138,000Ending WIP…
Q: Question: - How does resource attribution mapping enhance cost allocation? 1. Attribution wastes…
A: Resource attribution mapping enhances cost allocation by ensuring that costs are distributed…
Q: General Accounting
A: b) If its real GDP in year 5 is $ 104 billion, then the country's public debt as a percentage of…
Q: General Accounting
A: Step 1: Define Profit MarginThe profit margin of a firm can be expressed in terms of gross profit…
Q: General Accounting
A: Step 1: Define Operating CycleAn operating cycle is the sum of the inventory holding period and the…
Q: Financial accounting questions
A: Step 1: Define Gain on SaleIf a firm sells its asset over its carrying amount, it is known as a gain…
Q: Kindly help me with accounting questions
A: The average payment period (APP) can be calculated using the formula: Average Payment Period =…
Q: Hii expert please given correct answer financial accounting
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio is an efficiency financial ratio and can…
Q: The following information is provided by Raynette's Pharmacy for the last quarter of its fiscal year…
A: To solve this using the Retail Inventory Method, we proceed step by step. The method involves…
Q: Answer? ? General Accounting
A: Step 1: Define Plantwide Overhead RateManufacturing overhead is the indirect production cost that…
Q: Maple industries has the following operating solve this accounting questions
A: Cash Conversion Cycle (CCC)• Step 1: Formula: CCC = ICP + ACP - PDP• Step 2: Substitute values and…
Q: If you give me correct answer I will give you helpful rate on these general accounting question
A: Step 1: Define Inventory Inventory refers to the goods and materials that a business holds for the…
Q: Delta manufacturing has the following information solve this general accounting question
A: Step 1: Definition of Cash Conversion CycleThe cash conversion cycle (CCC) measures the time it…
Q: Answer this general accounting question
A: Explanation of Modified Attribute Mapping: Modified attribute mapping is an advanced accounting…
Q: Kindly help me Accounting question
A: The overhead rate represents the cost of overhead allocated to each direct labor hour. By using the…
Q: Can you please give me correct solution for this general accounting question?
A: Step 1: Define Absorption CostingAbsorption costing is a costing method that generally accepted…
Q: Need help with this question solution general accounting
A: Step 1: Points Using high-low method, the following would be:Highest point = 59,000 units at…
Q: Need Help
A: The question requires the determination of the average accounts receivable. Average accounts…
Q: Sunbeam Logistics would like you to estimate... Can you please give me correct answer the accounting…
A: Step 1:First calculate the variable cost per mile using the high-low method: Variable cost mile =…
Q: General Accounting
A: Explanation: In the given case, we are required to calculate total manufacturing costs incurred…
Q: General Accounting: Lian has $616,400 in sales. The profit margin is 8.75 percent and the firm has…
A: Explanation of Profit Margin:Profit margin is a financial metric that measures the percentage of…
Q: Consider the information given solve this general accounting question
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is recorded in the book of accounts using a…
Q: How?
A: Explanation of Cost-Plus-Incentive Contracts:Cost-plus-incentive contracts are agreements where the…
Q: General Accounting Question please correct calculation with explanation for this question
A: Step 1: Define Operating Profit under Absorption CostingUnder absorption costing, operating profit…
Q: Do fast answer of this general accounting question
A: Step 1: Definition of Organizational-Sustaining CostsOrganizational-sustaining costs are overhead…
Q: step by step answer
A: Explanation of Cleaning Supplies Allocation:Cleaning supplies allocation refers to the process of…
Q: I don't need ai answer accounting questions
A: Step 1:Definition of Debt-to-Equity RatioThe debt-to-equity ratio is a financial metric that…
Q: I need answer of this accounting questions
A: To calculate Gross Profit and Operating Income under absorption costing, follow these steps: 1.…
Q: Do fast and step by step calculation with explanation for these general accounting question
A: Step 1: Recall the EPS formula.= (net income - preferred dividends) / weighted average common stock…
The welding department had beginning work in process of 20,000 units, ending work in process of 26,000 units, and units transferred out of 60,000 units. What was the number of units started or transferred in?
Step by step
Solved in 2 steps
- The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)Regarding your ansWhat would be the answers for: 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.The Assembly Department shows the following information: Units Beginning work in process 10,000 Ending work in process 20,000 Started into production 80,000 Under the FIFO method, how many units were started and completed?
- Use this information about Department A to answer the question that follow. Department A had 5,000 units in Work in Process that were 60% completed as to labor and overhead at the beginning of the period. 34,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 8,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for material costs for the period was Oa. 34,000 Ob. 29,000 Oc. 32,000 Od. 29,800Use this information about Department A to answer the question that follow.Department A had 5,000 units in Work in Process that were 60% completed as to labor and overhead at the beginning of the period. 34,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 8,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories.The number of equivalent units of production for conversion costs for the period wasThe cost of materials put into production in a department during the month totaled P188,400. By the end of the month, these materials had been used for 32,000 units, of which 29,000 were completed and transferred out and 3,000 were in process. 80% of materials were added to the units in process. What is the equivalent unit of production for materials? a. 31,400 b. 32,000 c. 29,600 d. 31,000 What is the cost per equivalent unit for materials? a. P5.89 b. P6.00 c. P6.36 d. P6.50
- Suppose that manufacturing is performed in sequential production departments. Prepare a journalentry to show a transfer of partially completed units from the first department to the second department. Assume the amount of costs transferred is $50,000.A production department within a company received materials of $11,166 and conversion costs of $13,726 from the prior department. It added material of $28,663 and conversion costs of $44,448. The equivalent units are 15,244 for material and 19,876 for conversion. What is the unit cost for materials? Round to the nearest penny, two decimal places.(4)Use this information about Department A to answer the question that follows. Department A had 5,000 units in Work in Process that were 60% completed as to labor and overhead at the beginning of the period. There were 39,000 units of direct materials added during the period, 31,000 units were completed during the period, and 8,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process, and the first-in, first-out cost flow method is used. The materials equivalent units of production for the period are a.39,000 b.29,000 c.32,000 d.29,800
- In a particular department, 8,200 units were started and all but 1,800 were completed at the end of the period. These 1,800 were 70% complete for materials and 30% for conversion costs. Costs added were $55,400 for materials and $52,100 for conversion costs. What is the total number of equivalent units for direct materials?The Rolling Department of Blackrock Steel Company had 900 tons in beginning work in process inventory (40% complete). During the period, 15,100 tons were completed. The ending work in process inventory was 2,300 tons (70% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process?Use this information about Department E to answer the question that follows. Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. There were 14,000 units of direct materials added during the period at a cost of $28,700. There were 15,000 units completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process, and the average cost method is used to cost inventories. Direct labor was $32,450, and factory overhead was $18,710. The number of equivalent units of production for the period is a.17,250 b.15,650 c.18,000 d.14,850