Franck Ribéry is the owner of a high end day spa in New York City called Ribéry in Reverie. At the start of the last year the business has recently started selling personally endorsed intensified shin repair kits ISRK's. Based on the following information how many equivalent ISRK's were produced?
Beginning inventory = 6,400 units @ 41% complete at cost of $228,288
Ending Inventory = 8,600 units @ 22% complete
During the quarter 21,604 units were expensed to COGS
Materials Cost = $639,528
Conversion Costs = $1,729,318
What is the materials cost per unit for the ISRK's?
A. $21.97
B. $22.59
C. $23.45
D. $24.48
Franck Ribéry is the owner of a high end day spa in New York City called...
Franck Ribéry is the owner of a high end day spa in New York City called Ribéry in Reverie. At the start of the last year the business has recently started selling personally endorsed intensified shin repair kits ISRK's. Based on the following information how many equivalent ISRK's were produced? Beginning inventory = 6,400 units @ 41% complete at cost of $228,288 Ending Inventory = 8,600 units @ 22% complete During the quarter 21,604 units were expensed to COGS Materials...
Franck Ribéry is the owner of a high end day spa in New York City called Ribéry in Reverie. At the start of the last year the business has recently started selling personally endorsed intensified shin repair kits ISRK's. Based on the following information how many equivalent ISRK's were produced? Beginning inventory = 6,400 units @ 41% complete at cost of $228,288 Ending Inventory = 8,600 units @ 22% complete During the quarter 21,604 units were expensed to COGS Materials...
Predetermined Overhead Rates, Variances, Cost Flows Barrymore Costume Company, located in New York City, sews costumes for plays and musicals. Barrymore considers itself primarily a service firm, as it never produces costumes without a preexisting order and only purchases materials to the specifications of the particular job. Any finished goods ending inventory is temporary and is zeroed out as soon as the show producer pays for the order. Overhead is applied on the basis of direct labor cost. During the...
Predetermined Overhead Rates, Variances, Cost Flows Barrymore Costume Company, located in New York City, sews costumes for plays and musicals. Barrymore considers itself primarily a service firm, as it never produces costumes without a preexisting order and only purchases materials to the specifications of the particular job. Any finished goods ending inventory is temporary and is zeroed out as soon as the show producer pays for the order. Overhead is applied on the basis of direct labor cost. During the...