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2 years ago

6

Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory

is 20% complete for materials and 60% complete for labor and overhead. The equivalent units of production for labor and overhead is

1 answer:

Reil [10]2 years ago

8 0

The answer to this is 462

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Although many think that television is uniquely responsible for the deficit in exercise that children are getting in the united

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2 years ago

7nadin3 [17]

Answer:

(a) Prepare the entries to record sales and collections during the period.

It had net credit sales of $800,000

Dr Accounts receivable $ 800,000

Cr Sales $ 800,000

Collections of $763,000.

Dr CASH $ 763,000

Cr Accounts receivable $ 763,000

(b) Prepare the entry to record the write-off of uncollectible accounts during the period.

It wrote off as uncollectible accounts receivable of $7,300

Dr Allowance for Uncollectible Accounts $ 7,300

Cr Accounts receivable $ 7,300

(c) Prepare the entries to record the recovery of the uncollectible account during the period.

However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period.

Dr Accounts receivable $ 3,100

Cr Allowance for Uncollectible Accounts $ 3,100

(d) Prepare the entry to record bad debt expense for the period.

Uncollectible accounts are estimated to total $25,000 at the end of the period.

Dr Bad Debt Expense $ 20,200

Cr Allowance for Uncollectible Accounts $ 20,200

Explanation:

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the estimated value of $25,000

Because the company already has a CREDIT balance in the Allowance for Doubtful Accounts it's necessary to register an entry that complement the existing value and reflect the estimated value, $ 20,200

Bad accounts are those credits granted by the company and there is no possibility of being charged.

When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible.

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.

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2 years ago

Trusted Products Company makes a household appliance with model number L800. The goal for 2019 is to reduce direct materials usa

ser-zykov [4K]

Answer:

Trusted Products Company

Was Trusted Products Company's strategy successful in 2019?

B) No, because operating income decreased

Explanation:

a) Trusted Products Company's Income Statements for 2018 and 2019:

2018 2019

Sales $9,610,000 $9,169,800

Direct Materials costs (3,332,000) (3,474,000)

Conversion Costs (1,162,500) (1,120,500)

Operating net income $5,115,500 $4,575,300

b) Sales:

2018 = 31,000 x $310 = $9,610,000

2019 = 31,620 x $290 = $9,169,800

c) Direct Materials Costs:

2018 = 98,000 x $34 = $3,332,000

2019 = 96,500 x $36 = $3,474,000

d) Conversion Costs:

2018 = $1,162,500; per capacity unit = $1,162,500/38,750 = $30

2019 = $1,120,500; per capacity unit = $1,120,500/37,350 = $30

e) Goal for 2019: Reduce direct materials usage per unit.

Direct materials usage per unit:

2018 = 98,000/31,000 = 3.16 square feet

2019 = 96,500/31,620 = 3.05 square feet

f) The goal of a reduction in direct materials usage per unit was achieved, as 2019's usage reduced to 3.05 square feet as against 2018's 3.16 square feet. However, this did not translate to success because of the reduced selling price and the increased cost of direct materials. These resulted in reduced net operating income from $5,115,500 in 2018 to $4,575,300 in 2019.

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2 years ago

Assume that a context switch takes T time. Suggest an upper bound (in terms of T) for holding a spinlock. If the spinlock is hel

Mila [183]

Answer:

Assume that a context switch takes T time. Suggest an upper bound (in terms of T) for holding a spinlock. If the spinlock is held for any longer, a mutex lock (where waiting threads are put to sleep) is a better alternative.

Explanation:

The top limit is to be twice the value of (2xT). Holding the spinlock for a longer time, it will be necessary to put the thread to sleep and get a context switch, so one process awakes the sleeping thread without the need of a second context switch.

In process synchronization, cooperating process can affect or be affected by other processes executing in the system, either directly share a logical address space, both code and data, or be allowed to share data only through files or messages, although concurrent access to shared data may result in data inconsistency. But there are several mechanisms to help the orderly execution of cooperating processes that share a logical address space, so that data consistency is kept.

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2 years ago

Katie is looking over some of the product histories for the company. She has noticed that many more products have been rendered

valkas [14]

Answer:C. It makes it more difficult for the company to define an appropriate time period.

Explanation: Obsolete Items or products are products are no longer useful or relevant,it can be used to describe a product whose Quality has adversely depleted making it not useful.

With the information,since the products are fast becoming Obsolete than when compared to 10years ago,it makes it more difficult to determine or arrive at the appropriate time period for the company to keep the product before it becomes obsolete.

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2 years ago