The Sanding Department of Bonita Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 7,420 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $35,428; labor $21,000; overhead $39,150. Prepare a production cost report. (Round unit costs to 2 decimal places, e. g. 2.25 and other answers to 0 decimal places, e. g. 125.) BONITA FURNITURE COMPANY Sanding Department

Explanation:

Production cost report is a detailed list of cost of production including the cost of raw material and operating cost

                                 Production cost for Bonita for March 2020

                                            Units             Materials          Conversion

                                                                                                 costs

Units transferred out     7420                 7420                     7420

Work in process              3000                3000     (3000*20%)600

Total units                        10,420             10,420                   8020

Cost                              Materials         Conversion        Total

Total cost                        35428               60150           95578

Equivalent units             10420                 8020

Cost/unit                           3.40                    7.50              10.90

Cost in the month           95578

Cost reconciliation

Cost allocated to transferred out = 10.9*7420 =80878

Work in process for the month

Materials = 3000*3.40= 10200

Conversion  600*7.50 = 4500

total                                   14700

Total cost for the month = 80878+14700= 95578

answer (b); /// a method of measuring the opinions of a large group of people by selecting a subset of the larger group, asking them a set of questions and then generalizing those responses;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.