Business, 18.03.2021 01:20, liamgreene90
Top That manufactures baseball-style hats. Material is introduced at the out of the process. As Cutting Department. Conversion costs are incurred (and allocated) uniformly the cutting of material is completed, the pieces are immediately Data for the Cutting Department for the month of February 2003 follow:work in the process throughout the process. As transferred to the Sewing DepartmentWork in process, January 31 - 50,000 units100% complete for direct materials, 40% completed for conversion costsActual costs of direct materials, $70,500; actual costs of conversion,$34,050Units started during February, 225,000Units completed during February, 200,000Work in process, February 28 - 75,000 units100% complete for direct materials, 20% completed for conversion costsDirect materials added during February factual costs] $342,000Conversion costs added during February factual costs $352,9501. Assuming Top That uses the weighted-average method to account for inventories, the equivalent units of work for the month of February are Direct Materials Conversion Costsa. 225,000 225,000b. 200,000 200,000c. 275,000 215,000d. 225,000 200,0002. Assuming Top That used the weighted-average method to account for inventories, the cost per equivalent whole unit produced during February is?a. $3.30
b. $3.55.
c. $ 3.77.
d. $4.003. Assuming Top That uses the weighted-average method to account for inventories, the assignment of costs to work in process at the end of February is?a. $300,000.
b. $266,250.
c. $166,525
d. $139,500.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:30, dondre54
The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)
Answers: 2
Business, 22.06.2019 05:50, Haddixhouse8948
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 2
Business, 22.06.2019 09:50, thanitoast84
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
Business, 22.06.2019 10:30, salvadorjr1226p4zkp3
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Do you know the correct answer?
Top That manufactures baseball-style hats. Material is introduced at the out of the process. As Cutt...
Questions in other subjects:
History, 18.11.2019 09:31
Mathematics, 18.11.2019 09:31
