Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(Hybrid costing) Pat Koontz makes necklaces from glass beads, metal beads, and natural beads. After reading about hybrid costing, she realized that the different types of necklaces did not cost the same amount of money to make, even though they took the same amount of time and effort to assemble. Koontz developed the following standard costs for each type of necklace:
Glass
Metal
Natural
Beads
$24
$15
$ 7
Direct labor (1.5 hours)
15
Overhead (based on 1.5 hours)
8
Total
$47
$38
$30
Koontz began 2010 with no beginning WIP Inventory after she experienced an extreme holiday rush. During January, 130 necklaces were started: 70 were glass, 25 were metal, and 35 were natural. At the end of January, 25 necklaces were not yet complete: 5 glass,13 metal, and 7 natural. The stage of completion for each cost component for the 25 unfinished necklaces was as follows:
Material
100% complete
Conversion
60% complete
a. Calculate the cost of necklaces completed during January.
b. Calculate the cost of necklaces in ending WIP Inventory.
Monica (not in the loan business) loaned Lateisha $25,000 two years ago. During the current year, Lateisha declared bankruptcy. The bankruptcy trustee informed the unsecured creditors that no assets are available for distribution from the bankrupt..
List the financial statements a business most disclose and define each. Discuss how inventory should be used by the manager to maximize profit.
lyons company consists of two divisions a and b. lyons company reported a contribution margin of 50000 for division a
On June 1 Fix-It-Up Service Co. was started with an initial investment in the company of $26,200 cash. Here are the assets and liabilities of the company at June 30, andthe revenues and expenses for the month of June, its first month of operations..
What are some normal loan covenants? What covenants are mandatory, always? How do they protect lenders?
rs is a small retailer located in a tourist district. the company purchase their building 11 years ago at a cost
Which system did Marx promote as society's most influential institution?
Y Pty Ltd (Y) is based in Sydney and employs twelve people. Y imports two products from the one Hong Kong manufacturer, and distributes them throughout, Australia. John is a qualified professional accountant with a bachelor's degree from the Unive..
in 1970 mr. and mrs. self purchased their first principal residence for 80000. in 1995 they sold the house for 300000
mighty corporation manufactures end tables. each end table requires 4 direct labor hours for each table. mighty
santana rey created business solutions on october 1 2011. the company has been successful and santana plans to expand
What are some examples of turnaround documents that you have seen?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd