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 103 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
:D TYSM

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Guidelines and Precautions Prior to Beginning a Strength-Training Program Guidelines and Precautions Prior to Beginning a Strength-Training Program
Eggs, milk, and cheese are complete proteins, because they are animal products. Eggs, milk, and cheese are complete proteins, because they are animal products.
(a) Mechanisms of action for direct cholinergic agonists. Direct cholinergic agonists can act by two ... (a) Mechanisms of action for direct cholinergic agonists. Direct cholinergic agonists can act by two ...
Apply circular friction and direct pressure to suboccipital muscles one side at a time.Turn head to ... Apply circular friction and direct pressure to suboccipital muscles one side at a time.Turn head to ...
How to perform conversions between units with prefixes ranging from pico to mega How to perform conversions between units with prefixes ranging from pico to mega
The complete oxidation of 1 mole of glucose generates about 30–32 moles of ATP synthesized from ... The complete oxidation of 1 mole of glucose generates about 30–32 moles of ATP synthesized from ...
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library