When a soft drink company introduced a new peach-flavored drink in a market saturated with colas, it immediately found favor wit
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Answer:
1. Purchase materials to manufacture 750 speakers
Debit Raw and In Process Inventory $86,250
Credit Accounts payable $86,250
2. Conversion costs to 715 units
Debit Raw and In Process inventory $64,350
Credit Conversion costs $64,350
3.Completed and transferred 665 units to Finished Goods
Debit Finished Goods Inventory $136,325
Credit Raw and In Process Inventory with $136,325
4. Sales of 655 units
Debit Account receivable $204,360
Credit Sales $204,360
5. Cost of Goods sold - 655 units
Debit Cost of Goods sold $134,275
Credit Finished Goods inventory $134,275
Closing balance of Raw & In process Materials = $14,275
Closing balance of Finished Goods inventory = $2,050
Explanation:
Vintage Audio Inc.
Cell process time = 15 minutes per speaker
Conversion cost for 165 operating hours = $59,400.
Units produced in 165 hours = (165hrs x 60mins) / 15
= 660 units
Conversion costs per Unit = $59,400 / 660 units = $90
Refer to the attached for very detailed presentation of answers
Given the table below describing the total and marginal benefit Elvis
gets from fried peanut butter and banana sandwiches.
![\begin{tabular} {|p {3.5cm}|p {2.0cm}|p {2.6cm}|} \multicolumn {3} {|c|} {Elvis' Fried Peanut Butter and Banana Sandwich Benefit}\\[2ex] Fried PBB Sandwiches&Total Benefit (dollars)&Marginal Benefit (dollars)\\[1ex] 1&&42\\ 2&&24\\ 3&75&\\ 4&81&\\ 5&&-3 \end{tabular}](https://tex.z-dn.net/?f=%5Cbegin%7Btabular%7D%0A%7B%7Cp%20%7B3.5cm%7D%7Cp%20%7B2.0cm%7D%7Cp%20%7B2.6cm%7D%7C%7D%0A%5Cmulticolumn%20%7B3%7D%20%7B%7Cc%7C%7D%20%7BElvis%27%20Fried%20Peanut%20Butter%20and%20Banana%20Sandwich%20Benefit%7D%5C%5C%5B2ex%5D%0AFried%20PBB%20Sandwiches%26Total%20Benefit%20%28dollars%29%26Marginal%20Benefit%20%28dollars%29%5C%5C%5B1ex%5D%0A1%26%2642%5C%5C%0A2%26%2624%5C%5C%0A3%2675%26%5C%5C%20%09%0A4%2681%26%5C%5C%20%09%0A5%26%26-3%0A%5Cend%7Btabular%7D)
<span>The marginal benefit of the 4th fried peanut butter and banana sandwich is given by $81 - $75 = $6.</span>
<span>The marginal benefit of the 4th fried peanut butter and banana sandwich is given by $81 - $75 = $6.</span>