Business, 28.02.2021 16:50 mmaglaya1

Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Work in process inventory, September 1 (2,000 units, 100% complete with respect to
direct materials, 80% complete with respect to direct labor and overhead; includes
$45,000 of direct material cost, $25,600 in direct labor cost, $30,720 overhead cost) $101,320

Units started in April 28,000
Units completed and transferred to finished goods inventory 23,000
Work in process inventory, September 30 (units, 100% complete with respect to
direct materials, 40% complete with respect to direct labor and overhead) ?
Costs incurred in September
Direct materials $375,000
Conversion $341,000

Compute each of the following, assuming Hi-Test uses the weighted-average method of process costing.

The number of physical units that were transferred out and the number that are in ending work in process inventory.

Units Reconciliation:
Units to account for:
Total units accounted for :
Total units accounted for :

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 18:50

Dominic is the founder of an innovative "impromptu catering" business that provides elegant, healthy party food and decorations on less than 24 hours' notice. the company has grown by over 150 percent in the past year. dominic credits some of the company's success to studying the strategies of prominent social entrepreneurs, such as wikipedia's jimmy wales. what can dominic do to exemplify the social entrepreneurship model?

Answers: 2

Answer

Business, 22.06.2019 19:20

After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model

Answers: 1

Answer

Business, 22.06.2019 19:50

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1

Answers: 3

Answer

Business, 22.06.2019 20:30

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Answers: 1

Answer

You know the right answer?

Hi-Test Company uses the weighted-average method of process costing to assign production costs to it...

Questions