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frez [133]
2 years ago
6

Normand Corporation uses the FIFO method in its process costing system. 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 700 Materials costs $ 8,700 Conversion costs $ 3,700 Percent complete with respect to materials 70 % Percent complete with respect to conversion 10 % Units started into production during the month 6,400 Units transferred to the next department during the month 5,600 Materials costs added during the month $ 92,200 Conversion costs added during the month $ 269,600 Ending work in process inventory: Units in ending work in process inventory 1,500 Percent complete with respect to materials 80 % Percent complete with respect to conversion 25 % What are the equivalent units for materials for the month in the first processing department
Business
1 answer:
QveST [7]2 years ago
4 0

Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

  • materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
  • conversion: 10% complete, $3,700

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

  • materials: 80% complete, completed 1,200 equivalent units for materials
  • conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

  • beginning WIP equivalent units to be completed = 210
  • units started and completed = 5,600 - 700 = 4,900
  • ending WIP = 1,200 equivalent units
  • total equivalent units for materials = 6,310
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Answer:

$508

Explanation:

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Now we multiply 3,196 x $1.91 = $6,104.36

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1 year ago
Joel was recently hired as a police officer in his city's police department. As part of employee training, his supervisor trains
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Answer:

On-the job training.

Explanation:

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1 year ago
swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is pro
RUDIKE [14]

Answer:

Given: Total shift time = 8 hours = 8 * 60 = 480 minutes

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a) Mixed model schedule:

Mixed model schedule

Product no. per batch

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Frame Saw 1

Dovetail Saw 1

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Total 5

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1 year ago
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The Department may choose to grant an exception to the examination requirement under certain circumstances. Which of the followi
soldier1979 [14.2K]

Available options are:

A salesperson who has held a valid license within the last 3 years

A broker who surrendered his broker license and has been employed as a salesperson since the surrender

A broker associate who had a valid salesperson license five years ago

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Answer:

A broker associate who had a valid salesperson license five years ago

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This is because in the United States, for the real estate brokers to renew a license they need to undergo an examination as part of the requirements. However, they may be granted an exception under specific situations such as

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3. When they are now into salesperson employment.

Hence, considering the available options, the correct answer is "A broker associate who had a valid salesperson license five years ago."

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