Reference no: EM132807785
Smurf Products Co. uses a process costing system to cost its products. The company has two departments; Assembly and Finishing. In the Assembly department direct material are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.
The following data for the assembly department pertain to June.
Beginning work-in-process inventory 6,000 items, 1/3 complete to conversion
Units placed in production 24,000 units
Units completed 18,000 units
Ending work-in-process inventory 12,000 items, 1/2 complete to conversion
Cost of beginning work-in-process $5,000 conversion costs
Direct material costs, current $18,000
Conversion costs, current $15,400
Required:
Problem 1: Determine the equivalent units and the assignment of costs to units transferred-out and inventories using the FIFO method using the following worksheet. Use this space for your calculations and rough work. Carry unit costs to three decimal places.
|
Compare and contrast two of the paradigms
: Compare and contrast two of the paradigms discussed in this module (e.g., positivist/postpositivist; interpretivist/constructivist; transformative
|
|
How effectively the assets were used in generating a profit
: If management wishes to measure how effectively the assets were used in generating a profit, they could use the? times interest earned.
|
|
What amount of net cash flow from operating activities is
: Accounts Payable increased by $8,000; and Salaries Payable decreased by $3,000. The amount of Net Cash Flow from Operating Activities is
|
|
What the year-over-year decrease for net income was
: Net Income on the income statement for the Badger Inn was $75,000 while Net Income for 2016 was $100,000. The year-over-year decrease for net income was
|
|
How do determine equivalent units and assignment of costs
: How do determine the equivalent units and the assignment of costs to units transferred-out and inventories using the FIFO method using the worksheet.
|
|
Find valuable resources people
: Describe how to effectively manage human capital and properly assess knowledge, skills, and abilities to find valuable resources people.
|
|
Orientation training programme for the sales associates
: With reference to the different stages in the training model/ approach that you have studied, plan an orientation training programme for the sales associates.
|
|
Compute what is josephus amt liability
: Compute What is Josephus's AMT liability for 2019? Josephus, an unmarried taxpayer filing single with no dependents, has AGI of $1,200,000 and reports
|
|
What are reasons and counter-reasons
: What are reasons and counter-reasons for not evaluating training programs?
|