Business, 03.03.2020 05:43 ihatemylifebutohwell

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow:

Units Materials Labor Overhead
Work in process, beginning 5,000 $4,320 $1,040 $1,790
Units started in process 45,000
Units transferred out 42,000
Work in process, ending 8,000
Cost added during the month $52,800 $21,500 $32,250

The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead.

Required:
Assume that the company uses the weighted-average method of accounting for units and costs.

(a) Compute the equivalent units for the month for the first department.

Materials Labor Overhead
Equivalent units of production ? ? ?

(b) Determine the costs per equivalent unit for the month. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Materials Labor Overhead
Cost per equivalent unit $ ? $ ? $ ?

Answers: 3

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Answers

Answer from: xbeatdroperzx

Explanation:

(a) Compute the equivalent units for the month for the first department.

*Ending work in process units (materials) = Ending work in process inventory*Percentage completed = 8,000*0.75 = 6,000 units

Units transferred out = 42,000

Ending work in process = 6,000

Equivalent units of production(materials) = 42,000+6,000 = 48,000

(a2)

Ending work in process units (labor) = Ending work in process inventory*Percentage completed = 8,000*0.50 = 4,000

Equivalent units of production(labor) = 42,000+4,000 = 46,000

(a3)

Ending work in process units = Ending work in process inventory*Percentage completed = 8,000*0.50 = 4,000

Equivalent units of produuction (overheads) = 42,000+4,000 = 46,000

(b1) Determine the costs per equivalent unit for the month

With respect to materials:

Total cost = beginning work in process + cost added during year = 4320 + 52,800 = $57,120

Cost per equivalent units = Total cost/ Equivalent units of production = 57,120/48,000 = 1.19

(b2) With respect to labor:

Total cost = beginning work in process + cost added during year = 1040 + 21,500 = $22,540

Cost per equivalent units = Total cost/ Equivalent units of production = 22,540/46,000 = 0.49

(b3) With respect to overhead:

Total cost = beginning work in process + cost added during year = 1790 + 32,250 = $34,040

Cost per equivalent units = Total cost/ Equivalent units of production = 34,040/46,000 = 0.74

Answer from: Quest

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

What is one of the disadvantages of getting a government sponsored mortgage?

Answer from: Quest

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

$capital * (1+0.045)^{28} = 48,613.24$

now clearing the formula to solve for capital we got:

$capital = \frac{48,613.24}{(1+0.045)^{28}}$

and we reach the answer investment = $14,174.20

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Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month...