Business, 20.04.2020 21:26 yuvallevy14

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to nondetectible material defects. Normally spoiled units generally constitute 3% of the good units transferred out. Data provided for February 2015 are as follows:

WIP, beginning inventory 2/1/2015 51,000 units
Direct materials (100% complete)
Conversion costs (50% complete)

Started during February 170,000 units
Completed and transferred out 180,000 units

WIP, ending inventory 2/28/2015 26,000 units
Direct materials (100% complete)
Conversion costs (25% complete)

Costs:
WIP, beginning inventory:

Direct materials $280,000
Conversion costs 80,000
Direct materials added 408,000
Conversion costs added 264,000

What are the direct material and conversion costs of all the units that were initially in the beginning work-in-process inventory and were subsequently shipped?

a. $35,363
b. $360,400
c. $395,763
d. $195,016

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:30

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Answers: 3

Answer

Business, 21.06.2019 21:00

The price of trade suppose that portugal and sweden both produce rye and wine. portugal's opportunity cost of producing a bottle of wine is 4 bushels of rye while sweden's opportunity cost of producing a bottle of wine is 10 bushels of rye. by comparing the opportunity cost of producing wine in the two countries, you can tell thatportugal/sweden has a comparative advantage in the production of wine.andportugal/sweden has a comparative advantage in the production of rye. suppose that portugal and sweden consider trading wine and rye with each other. portugal can gain from specialization and trade as long as it receives more rye for each bottle of wine it exports to sweden. similarly, sweden can gain from trade as long as it receives more bottles of wine for each bushel of rye it exports to portugal. based on your answer to the last question, which of the following prices of trade (that is, price of wine in terms of rye) would allow both sweden and portugal to gain from trade? a. 1 bushels of rye per bottle of wineb. 8 bushels of rye per bottle of winec. 9 bushels of rye per bottle of wined. 3 bushels of rye per bottle of wine

Answers: 3

Answer

Business, 22.06.2019 11:30

Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task

Answers: 1

Answer

Business, 22.06.2019 21:00

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.

Answers: 1

Answer

You know the right answer?

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materia...

Questions