Compute the work-in-process

Assignment Help Accounting Basics
Reference no: EM13144972

Compute the work-in-Process transferred to the finished goods warehouse on April 30 using the following information:

Work-inProcesInventory,April30 $175 Direct material purchased during April 150
Work-in-Process Inventory, April 1 200
Direct labor cost incurred 300
Manufacturing overhead costs 250
Direct materials used in production 125

A. $650

B. $675

C. $700

D. $750

Reference no: EM13144972

Questions Cloud

End-of-period adjustment : Assume Simple Co. had credit sales of $282,000 and cost of goods sold of $138,000 for the period. Simple uses the percentage of credit sales method and estimates that 0.25 percent of credit sales would result in uncollectible accounts. Before the ..
Check when x is an exponential rv with pdf : Check that the formula (1) holds when X  Unif(0, b). Formula (1) also works for b = 1. Check this when X is an Exponential RV with PDF f(x) = e-x for x  0.
Theory of electrostatics : Using the applications of the theory of electrostatics into the engineering of cables. It is now time for you to look into what is out there in the market place.
Estimating materials price variance : A company has a standard cost system. In July the company purchased and used 22,500 pounds of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 unfavourable; and the standard quantity of materials allowed for..
Compute the work-in-process : Compute the work-in-Process transferred to the finished goods warehouse on April 30 using the following information:
What proportion of this population true-breeding double : She crosses the two lines together (aab+b+ x a+a+bb) to create a heterozygote (a+ab+b). Two heterozygotes are crossed together to create an F2 population. What proportion of this population will be true-breeding double mutant?
Journal entry to record issuance of bonds : Worthington Company issued $1,000,000 face value , six-year, 10% bond on July 1, 2010, when the market rate of interest was 12%. Interest payments are due every July 1, and January 1. Worthington uses a calendar year-end. 1. Prepare the journal en..
What is the probability of obtaining an offspring : In snapdragons, the genes A,B,C,D, and E assort independently of one another. If an Aa Bb Cc dd EE plant is crossed with an Aa bb cc Dd Ee plant, what is the probability of obtaining an offspring that is phenotypically dominant for all five traits..
Identify experimental design or observation study-survey : Identify whether it is an experiment or an observation study/survey. If experiment: identify experimental design, experimental units, factors & levels, response variable, and blocks (if any).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amortization when interest received by straight-line method

The bonds are sold on november 1, 2011 at 13 plus accrued interest. amortization was recorded when interest was received by the straight-line method. prepare all entries required to properly record the sale.

  Compute the average total cost per unit

Calculate the average total cost per unit for the 16,000 units manufactured in May. Explain why this figure would not be useful to a manager interested in predicting the cost of producing 19,200 units in June.

  Invest in marketable securities

The XYZ Corporation has $1000,000 which it plans to invest in marketable securities. The corporation is choosing between the following three equally risky securities

  Identify the remaining general creditors

Pierre Imports will be liquidated. Its current balance sheet is given below. Fixed assets are sold for $900,000 and current assets are sold for $700,000.

  What is hanover adjusted gross income

During 2011, Milton Hanover was granted a divorce from his wife. The divorce decree stipulated that he was to pay both alimony and child support for a specified period of time.

  Calculate controlling interest in consolidated net income

Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.

  Find relation between tolerable misstatement, inherent risk

How do the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the conformation of accounts receivable and other tests of the accuracy of accounts receivable?

  Stock price of a foreign target to decrease

Which of the following would probably not cause the stock price of a foreign target to decrease?

  Why is cost accumulation simpler in a process costing system

Why is cost accumulation simpler in a process costing system than it is in a job-order costing system?

  Computing the incremental net income

Starr Company has already manufactured 50,000 units of Product A at a cost of $50 per unit. The 50,000 units can be sold at this stage for $1,250,000. Calculate the Incremental Net Income if processed further.

  Identify features common to gift tax formula and estate tax

Identify the features common to the gift tax formula and the estate tax formula. What is the lifetime gift tax exemption in tax year 2012? What is that exemption amount in 2013?

  Amortizing a net loss for pensions

Amortizing a net loss for pensions will: A) increase retained earning and increase accumulated other comprehensive income B) decrease retained earning and decrease accumulated other comprehensive income

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd