The Converting Department of Hopkinsville Company had 1,160 units in work in process at the beginning of the period, which were 30% complete. During the period, 24,400 units were completed and transferred to the Packing Department. There were 1,280 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".
Answers
Answer and Explanation:
The computation of the number of equivalent units for direct material and conversion cost is shown below:
For materials
= units started and completed × completion percentage + ending work in process inventory × completion percentage
= (24,400 - 1,160) × 100% + 1,280 units × 100%
= 23,240 units + 1,280 units
= 24,520 units
For conversion
= Opening work in process inventory × remaining percentage + units started and completed × completion percentage + ending work in process inventory × completion percentage
= 1,160 units × 70% + (24,400 - 1,160) × 100% + 1,280 units × 60%
= 812 units + 23,240 units + 768 units
= 24,820 units
Related Questions
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
Answers
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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The City of Lora issued $5,000,000 of general government, general obligation, 8%, 20-year bonds at 103 on April 1, 2017 20X7, to finance a major general government capital project. Interest is payable semiannually on each October 1 and April 1 during the term of the bonds. In addition, $250,000 of principal matures each April 1. If Lora's fiscal year-end is December 31, what amount of debt service expenditures should be reported for this DSF for the 20X7 fiscal year
Answers
Answer:
$200,000
Explanation:
The value of the government obligation = $5,00,000, 8%, 20 years bonds payable at 103
Interest expenses = $5,000,000 * 8/100 * 6/12 = $200,000.
Thus, $200,000 will be reported as debt service expenses in the fiscal year 20X7.
Goal conflict can be avoided if budget goals are carefully designed for consistency across all areas of the organization. True False
Answers
Answer:
True
Explanation:
Goal conflict can be regarded as a kind of conflict that occur when there is two or more goals that are competing in ones mindset. It could be a clash in between ones personal goals and organizational goals. Goal confict can be avoided if budget goals are carefully designed for consistency across all areas of the organization.
Using Activity Based Costing, calculate the rate for each cost driver.
13 marks b) Using activity based budgeting, prepare a budgeted yearly operating statement for
Aero3D Ltd. Show the following separately, within the statement.
i. The budgeted output for each product per year;
ii. The contribution to profits for each product and in total before charging activity based costs;
iii. The profit for each product and in total after charging activity based costs but before charging core costs (non-activity based costs);
iv. The total profit after charging core based costs.
Answers
i. Budgeted output for each product per year is XS PRO: 3,400 units and POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs are XS PRO: £561,000 + POLYX: £379,800 (£940,800)
iii. Profit for each product and in total after charging activity-based costs but before charging core costs are XS PRO: Profit after activity-based costs and POLYX: Profit after activity-based costs
iv. Total profit after charging core costs: Total profit after charging core costs
How did we arrive at these values?To calculate the rate for each cost driver using Activity Based Costing (ABC), divide the total cost of each cost pool by its respective cost driver.
a) Calculation of rates for each cost driver:
1. Condensing machine:
Rate = Total cost of condensing machine / Number of production batches
Rate = £450,000 / 60
Rate = £7,500 per batch
2. Shaping machine:
Rate = Total cost of shaping machine / Shaping machine hours
Rate = £130,000 / (3,400 × 0.50 + 1,800 × 0.70)
Rate = £130,000 / 2,400
Rate = £54.17 per shaping machine hour
3. Manual handling of material:
Rate = Total cost of manual handling of material / Weight of material handled
Rate = £55,000 / (3,400 × 1.2 + 1,800 × 1.4)
Rate = £55,000 / 7,040
Rate = £7.80 per kilogram of material handled
b) Budgeted yearly operating statement for Aero3D Ltd:
i. Budgeted output for each product per year:
- XS PRO: 3,400 units
- POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs:
Contribution per unit = Selling price - Direct material cost - Direct labor cost
- XS PRO: £175 - £8 - £2 = £165 per unit
- POLYX: £225 - £10 - £4 = £211 per unit
Contribution before activity-based costs:
- XS PRO: £165 × 3,400 = £561,000
- POLYX: £211 × 1,800 = £379,800
Total contribution = £561,000 + £379,800 = £940,800
iii. Profit for each product and in total after charging activity-based costs but before charging core costs:
Cost breakdown per unit:
- XS PRO:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
- POLYX:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
Profit after activity-based costs but before core costs:
- XS PRO: Selling price - Total cost per unit
- POLYX: Selling price - Total cost per unit
iv. Total profit after charging core costs:
Total profit = Total contribution - Core costs
Since the core costs are given as a fixed amount and not linked to any activity or cost driver, they are not allocated using the ABC method.
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Airports Company of South Africa (ACSA) owns and operates principal airports in South Africa. How can ACSA improve the safety and security issue at the major airports in which in operates at?
Answers
ACSA improve the safety and security issue at the major airports in which in operates at through the following:
Improvement of screening Lanes.Employment of more rained personnel.Installing pre-security checkpoints.What is Safety?This is defined as a condition in which an individual is protected from harm or any type of danger.
The use of trained personnel and cameras are vital in ensuring that the security in airports are improved so as to prevent accidents and death.
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A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?
Answers
The broker will treat real estate as deposits as liquidated damages.
What is demand?Demand is the consumer's intention to buy a specific product or service.
The demand for a specific good on the market is known as market demand. The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. Recognizing the idea of demand.
Thus, the buyer demand for money has void.
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True or False: Collaborating ethically in the workplace
is not as important as it is in an academic setting.
Answers
Answer:
False
Explanation:
srry if its wrong
Which of the following is an example of Brazil undertaking importing?
a.Brazil buys made-in-China products to sell in its domestic market.
b.China buys raw materials such as iron ore from Brazil.
c.Brazilian companies invest heavily in the housing industry in the country.
d.Chinese companies invest in Brazilian industry.
Answers
Wrong
A good example of Brazil undertaking importation is A. Brazil buys made-in-China products.
The products are made in China and imported into Brazil by businesses, institutions, and individuals resident in Brazil.
Importation does not involve the following options:
Option b, whereby "China buys raw materials such as iron ore from Brazil." For Brazil, this is an export. Option c, whereby "Brazilian companies invest heavily in the housing industry in the country." This is domestic investment for Brazil. Option d, whereby "Chinese companies invest in Brazilian industry." This is known Foreign Direct Investment (FDI).Thus, when Brazilian persons import products and services from another country, they are classified as imports and not exports or domestic investments.
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If a corporate building has nine office suites that rents for $14,800 per month each, but suffers from a 14% vacancy rate and annual expenses of $21,100, what is the NOI of the building
Answers
Answer:
=$1,353, 524
Explanation:
NOI stands for net operating income
In this case, NOI will be calculated as follows
Rent per suit = $14,800
Number of suits 9
The monthly rent will be
=$14,800 x 9
=$133,200
Annual rent will be monthly rent x 12
= $133,200 x 12
=$1,598,400
Considering a 14 % vacancy rate, expected annual rent collection
=$1, 598,400 minus 14% of $1, 598,400 or 86% of $1, 598,400
= 86/100 x $1, 598,400
=$1,374,624
Adjusting for annual expenses
= $1,374,624 - $21,100
=$1,353, 524
The table lists several goals that might be set by a restaurant chain. Indicate the level of each goal, with level 1 being the highest and level 4 being the lowest.
Level 1
Level 2
Level 3
Level 4
We seek to expand by opening 150 new restaurant locations in the next 10 years. We seek to provide a 14% or greater annualized return of investment for our shareholders. We seek to improve efficiency by implementing a new computerized payment system. We seek to operate a chain of restaurants that prepares high-quality food on a timely basis for a reasonable price. The table lists several goals that might be set by a restaurant chain. Indicate the level of management that would be responsible for setting each goal.
Board of directors
Top
Middle
Lower
We seek to improve efficiency by implementing a new computerized payment system. We seek to operate a chain of restaurants that prepares high-quality food on a timely basis for a reasonable price. We seek to provide a 14% or greater annualized return of investment for our shareholders. We seek to expand by opening restaurants along every major highway in the region.
Answers
It is important to indicate the functions of each level of management and it should help it to achieve the organizational goals by setting it.
How to list out the goalsLevel 1: We seek to operate a chain of restaurants that prepares high-quality food on a timely basis for a reasonable price.
Level 2: We seek to expand by opening 150 new restaurant locations in the next 10 years.
Level 3: We seek to improve efficiency by implementing a new computerized payment system.
Level 4: We seek to provide a 14% or greater annualized return of investment for our shareholders.
Board of directors:
We seek to provide a 14% or greater annualized return of investment for our shareholders.
We seek to expand by opening restaurants along every major highway in the region.
Top management:
We seek to operate a chain of restaurants that prepares high-quality food on a timely basis for a reasonable price.
Middle management:
We seek to improve efficiency by implementing a new computerized payment system.
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Which three statements help define a Market/Fit Hypothesis? (Choose three)
Answers
Explanation:
Are there enough customers? Will they pay for your solution? Who is the customer? What are their needs and wants?
Are enough people purchasing? Will your solution be paid for by them? Who are the clients? What are the people's wants and needs? defines a market/fit hypothesis.
What is Market/Fit Hypothesis?Finding a strong value hypothesis is what product/market fit is. When you create a product that consumers want, you have achieved product/market fit. When you have the ideal answer to a problem that is worthwhile tackling, you have achieved product/market fit.
When customers evangelize about your product to others, you have achieved product/market fit.
The value hypothesis and the growth hypothesis are important to product-market fit. After you have determined how well your product and solution fit, you should examine product-market fit.
You can evaluate your idea's potential for growth in the present or future markets by using market fit. Identifying your consumer and the issue they are experiencing is key to finding a problem-solution fit. You can only create a solution that resolves an issue after identifying a customer and that problem.
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what first step did you take before answering the problem
Answers
The first step to take before you answer the problem is defining the problem.
How to answer a problem ?The first step in problem-solving is defining and understanding the problem. This involves gathering information, clarifying the issue, and identifying the root cause. Once the problem has been clearly defined, it becomes easier to develop potential solutions and find the best course of action.
Naturally, identifying the issue is the first step in solving a problem. If there isn't even an issue, how could you possibly solve it? The following phase is information collecting to learn more about the problem once it has been identified.
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Use the drop-down menus to complete statements about audio file formats
The most common file format for consumer storage and playback is
The
audio file was originally used on Apple computers.
The main audio format used in Microsoft Windows is
♡
Answers
Based on audio files available today, the following are true:
Most common file format - .MP3Originally used by Apple - . AIFFMain audio format for Windows - .WAVWhat are some audio formats?The most common file format for audio storage and playback is the .mp3 format which allows is to run on virtually all audio devices.
For audio files, Apple first developed the .aiff format but this has since been replaced. Windows on the other hand, developed the .wav format for audio files.
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what makes the news true and accurate
Answers
The news is considered true and accurate when it is based on facts and evidence. This means that the sources used to create the news must be reliable and trustworthy.
News reporters and journalists must verify the information they receive from their sources to ensure that it is accurate before they publish or broadcast it. They must also use multiple sources to confirm the information they receive.
In addition, news must be presented in a balanced and impartial way. This means that reporters should not have any biases or prejudices that affect the way they report the news. They must also present both sides of a story to give their audience a complete picture of what is happening.
Another important aspect of accurate news is the use of language. News reporters must use language that is clear and concise, avoiding any exaggeration or sensationalism. They must also avoid using inflammatory language or making unfounded claims.
Finally, news organizations must have a strong ethical code that guides their reporting. This code should include principles such as accuracy, impartiality, fairness, and transparency. By following these principles, news organizations can ensure that their reporting is true and accurate.
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This answer wasn't correct last time sadly so I'm not sure how to correctly do the problem. Here's the screenshot detailing it
Answers
Based on the benefits that John Cotton receives from his employer, the taxable benefits for 2021 will be $0.
Which benefits are taxable?Personal protective equipment are tax exempt because they are treated as Medical expenses.
Employer-provided cell phone allowances are not taxable if used for business purposes. Meals are also tax exempt when the employer provides it inside business premises.
No benefit is therefore taxable.
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Jenna purchased 500 shares of XYZ stock for $10 per share. The stock paid the following dividends: Year 1: $0.25 per share Year 2: $0.27 per share Year 3: $0.29 per share Assume the stock is trading for $15 per share at the end of Year 3. Calculate the time-weighted return for XYZ stock over this period.
Answers
Based on the price of the stock and the dividend over the years, the time-weighted return of XYZ stock is 16.83%.
What is the time-weighted return of XYZ stock?In this case, the Time weighted return can will be the same as the IRR so the IRR function on a spreadsheet can be used to find the return.
Year 0 return = -$10 per share
Year 1 = $0.25
Year 2 = $0.27
Year 3 = (0.29 + 15) = $15.29.
Time weighted return will be 16.83% as shown in the attachment.
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In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of _____ and ______. volume; scale
strain; tare
quality: yield
weight: gauge
Answers
Answer: quality: yield is correct
Explanation: Took the test
In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of quality and yield. Thus, option (c) is correct.
What is food?The term “food” refers to an edible and consumable material that provides the body with nutrition and vitamins to maintain itself. Plants, humans, animals, and birds all typically eat food. fruits, vegetables, legumes, dairy, and other nutrient-dense foods. The body need the food in order to function, thus it was consumed.
According to the food service sector, was the offered the information of the food as well as the grade of the cuisine. It instructs the cook on what ingredients to use, how to utilize them, and any nutrition facts that may be useful. A recipe's yield is the number of servings it will make.
Therefore, option (c) is correct.
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What happens if you only make the minimum payment on your credit card statement? |
Answers
Answer:
then your credit does not go into default
Explanation:
tell me if im right please if im not sorry
I found this off the internet: Government security agencies like the NSA can also have access to your devices through built-in back doors. This means that these security agencies can tune in to your phone calls, read your messages, capture pictures of you, stream videos of you, read your emails, steal your files … whenever they please
Answers
Answer:
Well isn't that just great. Well my family is crazy and there is always something going on. I bet we must be pretty fun to watch. XD. I can't imagine what the government thinks about my fam. And we are always joking about murder and stuff. I am prolly on some watch list for the crazy people.
Explanation:
My fam is just a bunch of funny crazy people.
Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 54 bank accounts, we want to take a random sample of four accounts in order to learn about the population. How many different random samples of four accounts are possible?
Answers
If from a population of 54r bank accounts, we want to take a random sample of four accounts in order to learn about the population, the number of different random samples of four accounts possible are: 31,625,099,999.
Number of different random sampleUsing this formula
C(54;4)=Population of bank account !/(Population of bank account-Random sample of four account)! ×Random sample of four account !
Let plug in the formula
C(54;4)=54!/(54-4)!×4!
C(54;4)=54!/(50)!×4!
C(54;4)=31,625,099,999 possible random
Therefore If from a population of 54r bank accounts, we want to take a random sample of four accounts in order to learn about the population, the number of different random samples of four accounts possible are: 31,625,099,999.
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Centrum Services purchased $4,400 worth of equipment. The equipment has an estimated useful life of seven years and a salvage value of $200. Using the straight-line method, the depreciation for the first month is:
Answers
Using the straight-line method, the depreciation for the first month is: $50
Using this formula
Depreciation=(Cost -Salvage value) /Useful life
Where:
Cost=$4,400
Salvage value=$200
Useful life=7 years
Let plug in the formula
Depreciation=[($4,400-$200)/7]×1/12
Depreciation=($4,200/7)×1/12
Depreciation=$600×1/12
Depreciation=$50
Inconclusion Using the straight-line method, the depreciation for the first month is: $50
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what is an appropriate synonym for countertrading?
Answers
Answer:
international trade
Explanation:
An appropriate synonym for countertrading is Bartering
Bartering occur in a situation where a person or an individual gives out his or her items for the sole aim of receiving another item or goods in return.
Bartering is important as it enables people who does not have money to acquire the things they desire to acquire it by simply exchanging their goods or the items they have with another person who has want they need.
Inconclusion An appropriate synonym for countertrading is Bartering.
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Why is questioning such an important leadership skill?
A. Questioning shows the leader's interest in the people and in the project.
B. Questioning uncovers many mistakes and errors.
C. Questioning is a good way for the leader to stay in command.
D. Questioning is easier than facilitating meetings.
I know it’s not B I got it wrong.
Answers
Answer:
A. Questioning shows the leader's interest in the people and in the project.
Explanation:
Questioning shows the leader's interest in the people and in the project is an important leadership skill.
What are leadership skills ?The qualities and talents that people possess that enable them to manage operations, direct initiatives, and direct their teams toward the accomplishment of objectives are known as leadership capabilities.
In order for CEOs to effectively allocate resources to fulfill the mission and goals of their firm and make meaningful decisions regarding those decisions, they must possess strong leadership qualities. The capacity for delegation, inspiration, and good communication are all important leadership traits. Honesty, assurance, dedication, and innovation are further qualities of a leader.
People follow an effective leader. An effective leader may assist team members in achieving their professional objectives by providing them with knowledge, resources, training, and opportunities for growth. The trust of a team's members can be gained by a leader through empathy and concern.
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Dollar General's primary concern about robberies is:
A. Limiting cash losses
B. Catching the robber and recovering the money
C. Working with the Police to stop thieves
D. Ensuring our employees' safety
Answers
Option D is correct .Dollar General's primary concern about robberies is Ensuring our employees' safety.
What is Dollar General's primary concern about robberies ?The well and safety of Dollar General's employees come first. The organization therefore takes a number of steps to guarantee that its workers are safeguarded while they are at work. This can entail instructing staff members on how to handle and react in potentially hazardous circumstances, such robberies. In addition, Dollar General might have procedures in place to control the quantity of cash on hand and guarantee that it is kept safely. To promptly respond to and address any theft or robbery events, the business could also collaborate closely with the local police.
Ultimately, protecting the safety of its employees is Dollar General's top priority when it comes to robberies. The organization helps to provide a safe working environment for its employees and tries to lessen the impact of any occurrences by taking actions to minimize the risk of theft and robbery.
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Swola Company reports the following annual cost data for its single product. Normal production level 75,000 units Direct materials $ 1.25 per unit Direct labor $ 2.50 per unit Variable overhead $ 3.75 per unit Fixed overhead $ 300,000 in total This product is normally sold for $25 per unit. If Swola increases its production to 200,000 units, while sales remain at the current 75,000 unit level, by how much would the company's income increase or decrease under variable costing
Answers
Answer:
An increase in production generates no change in income.
Explanation:
Under variable costing, the invariable costs are direct material, direct labor, and variable overhead. Therefore, an increase in production generates no change in income.
Current income:
Contribution margin= 75,000*(25 - 7.5)= $1,312,500
Fixed overhead= (300,000)
Net operating income= 1,012,500
Hypothetical income:
Contribution margin= 75,000*(25 - 7.5)= $1,312,500
Fixed overhead= (300,000)
Net operating income= 1,012,500
Income varies if the unitary variable components change. A supplier offers a discount on materials or the labor gets more efficient due to the learning curve.
Piels Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows:
Direct materials $ 90,000
Direct labor 130,000
Variable factory overhead 60,000
Fixed factory overhead 140,000
Total costs $420,000
Of the fixed factory overhead costs, $60,000 is avoidable. Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit.
Required:
1. Assuming there is no other use for the facilities, Piels should ___________.
Answers
Answer:
It is cheaper to produce
Explanation:
Cost of producing
Direct materials - 90000
Direct labor - 130000
Variable factory overhead - 60000
Fixed factory overhead - 60000
Total cost - 340000
Cost of buying `10000*36 = 360000
Incremental cost of buying = 360000-340000 = $20,000
It is cheaper to produce at 340000/10000 = $34 /unit
In making a decision whether to buy or manufacture , variable cost and the avoidable costs are considered relevant for this purpose
Two goods are substitutes when a decrease in the price of one good
a. increases the quantity demanded of the other good.
b. increases the demand for the other good.
c. decreases the demand for the other good.
d. decreases the quantity demanded of the other good.
Answers
can I have please the introduction, the stakeholders analysis, problem statement and the identification and evaluation of alternatives ?
Answers
Answer:
This one? i didnt understand but i got this
Explanation:
In August 2016, 10-year-old Caleb Schwab was killed while riding the newly constructed Verrückt
waterslide at Schlitterbahn Waterparks & Resort’s (Schlitterbahn) Kansas City, Kansas, location. Described
as the world’s tallest waterslide at the time, Verrückt took its name from the German word for “insane” or
“crazy.” At the time, the water park was one of the United States’ most sought-after getaways.
If you were seleted for this position, how quickly would you be able to start?*
Answers
If I were selected for the position, I would be able to start immediately, provided that all the formalities have been completed and all the requirements have been fulfilled.
As a responsible individual, I would like to make sure that I do not leave my current employer stranded and would provide them with adequate notice as required. I believe in fulfilling my professional obligations and would like to do the same in my current position. I would work with my current employer to ensure that I am released from my current position in a professional and amicable manner. This would include ensuring that all my work is up-to-date and handing over my responsibilities to my successor in a systematic and thorough manner.
Once the notice period is over and all the formalities have been completed, I would be able to start working in my new position. I understand the importance of being punctual and professional and would make sure that I arrive at work on time and fulfill all my responsibilities to the best of my abilities. I believe in teamwork and would work closely with my colleagues to ensure that the objectives of the organization are met.
In conclusion, if I were selected for the position, I would be able to start immediately, provided that all the formalities have been completed and all the requirements have been fulfilled. I would work with my current employer to ensure that I am released from my current position in a professional and amicable manner and would arrive at work on time and fulfill all my responsibilities to the best of my abilities.
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Paying off your debts will most likely____ your credit score.
A. decrease
B. increase
C. ruin
D. not impact
Answers
Explanation: When you are on time with paying your bills, your credit score rises by paying off debts, taxes, car payments, house taxes and etc.
Answer:
increase
Explanation: