Reference no: EM132472638
Problem - The Smelting Department of Polzin Company has the following production and cost data for September.
Production: Beginning work in process 1,900 units that are 100% complete to materials and 20% complete to conversion costs; units started and finished 8,000 units; and ending work in process 1,000 units that are 100% complete to materials and 40% complete to conversion costs.
Manufacturing costs: Work in process, September 1, $16,000; materials added $60,300; labor and overhead $120,032.
Polzin uses the FIFO method to compute equivalent units.
Required -
1. Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of September.
2. Compute the unit costs for the month.
3. Determine the costs to be assigned to the units transferred out and in process.
|
Determine the amount of acme sales for the current year
: Acme's gross profit ratio increased by 20% over the prior year. Cost of goods sold for the current year is $140,000. Determine the amount of Acme's sales
|
|
Record sale of the bond and all required interest entries
: Record the sale of the bond and all required interest entries for 2010 and 2011. Use the straight-line method to amortize discounts and premiums
|
|
Calculate economic value added assuming its cost of capital
: Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions)
|
|
Critically evaluate underpinning marketing theories
: Critically evaluate underpinning marketing theories and principles and appropriate research process to collect, store and use of data
|
|
Compute the equivalent units of production
: Manufacturing costs: Work in process, September 1, $16,000; materials added $60,300; Compute the equivalent units of production
|
|
Prepare only the asset section of classified balance sheet
: Prepare only the Asset section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines
|
|
What is the companys return on capital
: What is the company's return on capital? (Use start-of-year rather than average capital.) (Do not round intermediate calculations.)
|
|
Prepare the appropriate entries for Worcester Construction
: Prepare the appropriate entries for Worcester Construction on January 1, 2023, to adjust its lease liability for the lease modification
|
|
How much bad debt expense should the company report
: A company had credit sales of $500,000 during the third quarter of 2013. How much Bad Debt Expense should the company report for the third quarter of 2013
|