This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume the following: WIP, beginning 4500 units (100% complete as to direct materials, 40% complete ... (Read 97 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Mar 6, 2021

Question 1

700 shirts are sold as seconds at $18 per shirt. Cost of spoiled shirts is $501,400. Cost of shirts at inspection point equals $9,508,000. Calculate the net cost of the spoilage.
◦ $9,495,400
◦ $488,800
◦ $514,000
◦ $9,520,600

Question 2

Assume the following:

WIP, beginning 4500 units (100% complete as to direct materials, 40% complete as to conversion costs)
Started 12,500 units during the period
Total spoilage is 800 with normal spoilage is calculated to be 350 units
Completed and transferred out during the period 10,000 units
WIP, ending 6200 units (100% complete as to direct materials, 50% complete as to conversion costs)
Spoiled units 800 and inspection happens when the process is 30% complete
All materials are added at the start of the process

Under the weighted average method, would would be the equivalent units of work done for the period?
◦ 9405
◦ 10,000
◦ 6200
◦ 13,340
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by drink on Mar 6, 2021

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


drink

  • Member
  • Posts: 554
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

There may become a driveability issue because the gasoline direct-injection injector is exposed to ... There may become a driveability issue because the gasoline direct-injection injector is exposed to ...
Flow cytometry. Cells expressing the surface markers CD4, CD8, and CD3 are labeled in a direct ... Flow cytometry. Cells expressing the surface markers CD4, CD8, and CD3 are labeled in a direct ...
Direct thumb pressure to a trigger point. Direct thumb pressure to a trigger point.
How to convert between imperial and metric units (Part 2) How to convert between imperial and metric units (Part 2)
Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away
The time spent in each interval of one complete cell cycle of a human cell in culture The time spent in each interval of one complete cell cycle of a human cell in culture
Video: Transferring genes into plants Animation

For a complete list of videos, visit our video library