Reference no: EM13114013
In November 2013, Lamb Co. computed its equivalent unit costs under FIFO process costing as follows:
Direct Material $29.50
Packaging 3.00
Direct labor 10.84
Overhead 7.68
Direct material and packaging are added at the start and end of processing, respectively. Beginning inventory cost was $1,026,810 and consisted of
* $789,040 direct material cost for 54,000 EUP.
* $91,862 direct labor cost for 16,200 EUP.
* $145,908 overhead cost for 18,900 EUP.
Lamb Co. transferred a total of 370,000 units to finished goods during November and had 12,000 units in ending WIP Inventory. The ending inventory units were 30 percent complete as to direct labor and 55 percent complete as to overhead.
a. What percentage complete were the beginning inventory units as to direct material? Packaging? Direct labor/ Overhead?
b. What was the total cost of the completed beginning inventory units?
c. What was the cost of the units started and completed in November?
d. What was the cost of November's ending inventory?
Please use excel and show the formulas so I will know where all figures come from.
|
Describe how you would prepare the above buffer
: How would you prepare a 250 ml solution, 0.5 M in sodium phosphate buffer at pH of 7.0. You have in the laboratory monobasic sodium phosphate (NaH2PO4) and diabasic sodium phosphate (Na2HPO4). pKa = 7.2.
|
|
What is the mass in grams of the lead
: The water level in a graduated cylinder initially at 211 rises to 282 after a piece of lead is submerged. What is the mass in grams of the lead.
|
|
Financial market and economic outlook
: Discuss the economy, financial markets and the means they currently use to attract direct foreign investment. Conduct an analysis of what they are doing right/wrong in their financial markets and whether you recommend investment there should conclu..
|
|
Calculate the test statistic and find the p-value
: Historically, it is known that the score has a Normal distribution and a standard deviation of 180. Set up the null hypothesis and the alternative hypothesis. Calculate the test statistic and find the p-value.
|
|
Fifo cost accounting
: In November 2013, Lamb Co. computed its equivalent unit costs under FIFO process costing as follows: What percentage complete were the beginning inventory units as to direct material? Packaging? Direct labor/ Overhead?
|
|
What kitten genotypes and phenotypes are possible
: In cats, hair length is a trait that is controlled by a gene with 2 alleles. The dominant allele codes for a protein that produces short hair, and the recessive allele codes for a protein that produces long hair.
|
|
Briefly discuss the evolution of movies and television
: Newspapers, once available only in print, have evolved into 24-hour multimedia operations. In addition to newspapers, briefly discuss the evolution of movies, television, Internet, books and magazines, and media companies throughout the last cent..
|
|
Footnote analysis amortization interest segments of disney
: What summary journal entry did Disney make to record interest incurred during fiscal 2009? (Hint: Don't forget to distinguish between interest incurred and cash paid for interest.)
|
|
How does the layout of hox genes along the genome relate
: Hox genes are important to laying out the developing body plan generally, and the developing nervous specifically. How does the layout of Hox genes along the genome relate to the body plan? In general, what is the pattern to how the genes are turn..
|