Business, 27.03.2020 01:05, ianmartin6080

Cosby uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.60. The cost of goods completed is:A. $312,000.B. $414,000.C. $520,000.D. $634,000.E. some other amount.

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answered: bryson9604

E) some other amount.

Explanation:

The material costs are added at the beginning of the process.

Total Material Cost = $220,000 Material cost per unit = $220,000 / (40,000+15,000) = $4

Material cost of ending work in process = 15,000 units * $4 = $60,000.

Conversion costs are incurred evenly throughout the process.

Total Conversion Costs = $414,000

Total units for which conversion cost has been incurred = 40,000 + (15,000 * 40%) = 46,000 unitsConversion cost per unit = $414,000 / 46,000 units = $9.

Conversion cost of ending work in process = 6,000 units * $9 = $54,000.

Hence,

Total cost of ending work in process = $60,000 + $54,000 = $114,000

answered: Guest

it's d. out with the planting and harvest of the crops.

answered: Guest

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.

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Cosby uses a weighted-average process-costing system. All materials are added at the beginning of th...