Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before​ inspection, some units are spoiled due to undetectable materials defects. Spoiled units generally constitute​ 4% of the good units. Data for December 2020 are as​ follows: ​WIP, beginning inventory​ 12/1/2020 ​23,000 units Direct materials​ (100% complete) Conversion costs​ (75% compete) Started during December ​76,900 units Completed and transferred out​ 12/31/2020 ​72,700 units ​WIP, ending inventory​ 12/31/2020 ​18,800 units Direct materials​ (100% complete) Conversion costs​ (70% complete) Costs for​ December: ​ WIP, beginning​ inventory: Direct materials ​$160,000 Conversion costs ​77,300 Direct materials added ​224,400 Conversion costs added ​293,000 Abnormal spoilage totals​ .

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.