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Resty Company manufactures a product that goes through two departments prior to completion: the Mixing Department and the Packaging Department. Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the Mixing Department finishes work on each product, it is immediately transferred to Packaging. The following data are available for the Mixing Department for December 2014: Percent Completed Units Materials Conversion Beginning, Work in Process 50,000 65% 30% Start into production 397,000 Completed and transferred out 405,000 Ending, Work in Process 42,000 55% 20% Materials Conversion Beginning, Work in Process $ 49,540.00 $ 19,400.00 Costs added during December $472,300.00 $301,200.00 Required: Assume that the Resty Company uses the weighted-average method of process costing. a. Compute the equivalent units for December for the Mixing Department. b. Determine the costs per equivalent unit for December for the Mixing Department. c. Determine the total cost of ending work-in-process inventory and the total cost of units transferred to the Packaging Department. d. Prepare a cost reconciliation report for the Mixing Department for December. PLEASE PROVIDE THE ANSWER IN WORD DOCUMENT A4 SIZE
Mia Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Mia Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a 4-for-1 stock split (3 additional shares for each share iss..
Prepare the journal entries to record above events. Assume that after closing all of the revenue & expense accounts (except Income Tax Expense) the Income Summary account has a a balance of $2000. Explain the causes of the differences in the net inco..
Sebastian purchases two pieces of equipment for $141,000. Appraisals of the equipment indicate that the fair market value of the first piece of equipment is $98,700 and that of the second piece of equipment is $155,100. What is Sebastian’s basis in t..
ABS Fabricating Co. (ABS) and Xeno Corp. (Xeno) agreed orally that ABS would custom manufacture a compressing unit for Xeno at a price of $120,000. After ABS completed the work at its own cost of $90,000, Xeno notified ABS that the compressing unit w..
Evaluate what Aldo's should expect for total variable cost if 9,000 T-shirts are sold next month and prepare Aldo's contribution approach income statement for monthly sales volume level of 10,000 T-shirts.
Suppose you have an invoice for some bike parts that you relieved a while back. How would paying off the invoice show up on the three main accounting documents?
Rebecca sells her personal scooter for $550. She purchased the scooter for $700 three years ago. In addition, Rebecca sells a painting for $1,200 that she acquired five years ago for $900. What are the tax implications attributable to these sales?
Welnor Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: Sales are budgeted at $320,000 for November, $340,000 for December, and $330,000 for January. Prepare a Schedul..
Rebellion of discontent former landless servants led by Nathaniel Bacon.Historical Significance:Led to a move from indentured servants to African slaves for labor purposes.
Calculate NPV and IRR to determine capital return analysis - Perform sensitivity analysis - Calculate the changes in the NPV.
Dupont Analysis: Company A and Company B each had a return on assets (ROA) of 5.2% in 2015. However Company B's return on equity (ROE) is twice as high as Company A's ROE.
Calculate the consumption ratios for each activity. Group activities based on the consumption ratios. Calculate a rate for each pooled group of activities. Using the pool rates, calculate unit product costs.
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