Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process inventory (60% complete). During the period, 46,000 ounces were completed. The ending work in process inventory was 8,000 ounces (25% complete).What are the total equivalent units for conversion costs? If required, round to the nearest unit.
Answers
Answer:
The total equivalent units for conversion cost = 45,600 ounces
Explanation:
Let us arrange the information in a tabular form to help in solution:
% conversion equivalent units
Particulars whole units completed for conversion
Beginning inventory in process 4,000 40% 1,600
started and completed in period 42,000** 100% 42,000
completed . . . . . . . . . . . . . . . . . . 46,000 43,600
ending inventory in process . . . . 8,000 25% 2,000
Total units to be assigned cost 54,000 45,600
Therefore, the total equivalent units for conversion cost = 45,600 ounces
**Note the inventory that was started and completed within the period is the inventory that was 100% completed within the period and it is the difference between the total inventory completed within the period and the beginning inventory, and this is represented as:
46,000 - 4,000 = 42,000 ounces.
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Last month, a processing facility (such as a check processing facility or a distribution center) transitioned from an unpaced assembly line to a machine-paced assembly line, so that now work is done to the product while it stays on the conveyor belt. Yesterday, the worker at the bottleneck station was replaced by another worker who works more slowly than the original worker (and nothing was done to compensate). Which of the following is most likely to result? a. Inventory piles up before the new bottleneck worker. b. Quality problems occur. c. Cycle time increases. d. The direction of the workflow changes How does the cost of learning change as the division of labor increases (having more workers, doing more narrowly defined tasks)? a. It tends to decrease at first but eventually starts growing again. b. It tends to increase at first but eventually starts decreasing. c. It tends to decrease with the growing degree of division of labor. d. It is unchanged by the division of labor.
Answers
Answers
Answer:
The total equivalent units of production for direct materials is 74000 Units.
Explanation:
materials required for production are added at the beginning of the process. So whatever the Total amount of materials required for 74000 Tons as been added at beginning of the Production (in July). For the Purpose of materials we need to consider 100% Completed.
total Equalent Units = Total Units Started
= 74000 Units
Therefore, The total equivalent units of production for direct materials is 74000 Units.
Answers
Answer:
D. It will decrease the output level
Explanation:
Answer: d
Explanation:
Answers
Answer:
A. -$5,000 and .95:1
Explanation:
Working capital = Current Assets - Current Liabilities
Provided current assets = $95,000
Current Liabilities = $100,000
Working capital = $95,000 - $100,000 = - $5,000
Current Ratio =
Therefore, Current Ratio =
Here working capital is negative $5,000
Current Ratio = 0.95 : 1
Final Answer
A. -$5,000 and .95:1
Answers
Answer:
$9.00
Explanation:
Note: See the attached file for the calculation of PV of year 1 to 7 dividends.
Price at year 7 = year 8 dividend / (Rate of return - Perpetual growth rate) = (0.5747245056 * 1.05) / (10% - 5%) = $12.0692146176
PV of price at year 7 = $12.0692146176 / (1.10)^7 = $6.19341546169015
Current price = Sum of PV of years 1 to 7 dividends + PV of price at year 7 = $2.81096656749202 + $6.19341546169015 = $9.00
Answers
Answer:
486 units
Explanation:
Final answer:
The equivalent units of production for materials is calculated by adding the fully completed units to the proportion of the unfinished units that are complete for materials. Thus, in this case, that would be 450 (completed units) + [60 (ending WIP inventory) * 20% (proportion complete for materials)] = 462.
Explanation:
In the field of cost accounting, equivalent units of production refer to the number of units that could have been completed in a period given the amount of work that was actually done.
In this case, Department 1 transferred out 450 units, and the ending work in progress inventory was 60 units that were 20% complete for materials.
To calculate the equivalent units of production for materials, you need to add the fully completed units to the proportion of the unfinished units that are complete for materials.
Hence, = 450 (completed units) + [60 (ending WIP inventory) * 20% (proportion complete for materials)] = 450 + 12 = 462.
Therefore, the equivalent units of production for materials is 462.
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