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!
Solex Company produces a high-quality insulation material that passes through two production processes. Data for June for the first process follow:
Work in process inventory, June 1 60 000 units(direct material 75% completed and conversion 40% completed)Work in process inventory, June 30 ?? units (direct material 50% completed and conversion 25% completed)
Direct material costs in work in process inventory, June 1 $56 000 Conversion costs in work in process inventory, June 1 $14 900 Units started into production 280 000 units Units completed and transferred out 300 000 units Direct materials costs added during June $385 000 Conversion costs added during June $214 500
Required
Using the weighted-average method:
Problem (a) Calculate the physical units in ending work in process inventory (Enter amount only, do not use decimal points or commas)
Problem (b) Calculate the total equivalent units for direct material and conversion.(Enter amount only, do not use decimal points or commas)
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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