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julsineya [31]
2 years ago
6

Colil Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the product

ion process. During January, the accounting department noted that there was no beginning inventory. Direct materials purchases totaled $300,000 during the month. Work-in-process records revealed that 10,000 card units were started in January, 5,000 card units were complete, and 4,000 card units were spoiled as expected. Ending work-in-process card units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete. What is the amount allocated to the work-in-process ending inventory?
Business
2 answers:
Alina [70]2 years ago
7 0

Answer:

amount allocated to the work-in-process ending inventory $ 30,000

Explanation:

Spoilage is treated as abnormal loss.

Completed units of Finished goods    = 5000 units (100% complete)

Abnormal loss units                         = 4000 units (100% complete as loss detected on completion)

Closing WIP units                            =   1000 units (100% complete in respect to material )

Total equivalent unit for material         = 10,000 units

Total cost of material                         = $300,000

Material cost per equivalent unit         = $ 30 per equivalent unit

Material cost in Closing WIP(1000 units @30) = $ 30,000

Neporo4naja [7]2 years ago
7 0

Answer:

The amount allocated to the work-in-process ending inventory is $30,000

Explanation:

For computing the allocated amount for ending work in progress, first, we have to compute the per unit cost which is shown below:

Per unit cost = (Total cost) ÷ (total number of units)

where,

Total cost is $300,000

And, the total number of units equal to

= Units started + spoiled units + ending work in progress units

= 5,000 units + 4,000 units + 1,000 units

= 10,000 units

The closing units is

= Total units - Units started - spoiled units

= 10,000 - 5,000 - 4,000

= 1,000 units

Now put these values to the above formula  

So, the per unit would equal to

= $300,000 ÷ 10,000 units

= $30

So, the ending work in progress is

= Ending work in progress units × per unit

= 1,000 units × 30

= $30,000

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pychu [463]

Answer:

NPV = $1,564.65

Explanation:

Here is the full question :

Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000.

What is the net present value of the proposed investment? Hawkins requires a 15 percent return on all capital investments

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-139,000

Cash flow each year from year 1 to 4 = $36,000

Cash flow in year 5 = $36,000 + $40,000 = $76,000.

i = 15%

NPV = $1,564.65

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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1 year ago
Behavior modification depends upon what principle?
Zanzabum
The appropriate response is operant conditioning. Operant conditioning is a kind of realizing where conduct is controlled by outcomes. Enter ideas in operant molding are uplifting feedback, negative support, positive discipline and negative discipline.
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2 years ago
Tanner wants to buy a new car. What will he most likely consider when making his decision on the type of car to buy?
Nitella [24]

Answer: a deal website that compares different types of cars, so he can choose the one he likes best

Explanation:

When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.

Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.

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Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l
Serjik [45]

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to:   2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

                    2.50P1  + 2.00P2 + P3       ≤ 350 (Department B constraint)

                    0.25P1  + 0.25P2 + 0.25P3 ≤ 50  (Department C constraint)

                           P1, P2, P3                       ≥  0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

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1 year ago
Pharoah Company assembled the following information in completing its March bank reconciliation: Balance per bank $23700 Outstan
Natasha2012 [34]

Answer:

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None of the answer options was correct, maybe something was missing in the question like notes collected or other NSF checks.

Explanation:

Pharaoh Company's bank reconciliation:

balance per bank account   $23,700

- outstanding checks            ($4,800)

+ deposits in transit                 $7,750

<u>- NSF checks                            ($500) </u>

total                                        $26,150

<u>- cash balance per books    ($27,280)</u>

difference                               ($1,130)

In order to reconcile the bank account, we do not consider any bank service fees because they are already included in the bank balance. What we must consider are the NSF checks that we deposited and thought were good checks, but instead they bounced.

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1 year ago
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