Homework Answers
1) Here question was not completely given, so I have given my answer for question 2 only.
2)
a. Break even units in equation method = 20000 units
b. Break even units in formula method = 20000 units
c. Sales required to earn target profit = 25000 units
d. Sales in dollars required to earn target profit = 1250000 dollars
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1. Data for...
I need a clear step by step of how to sovle this problem with the questions...
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need a clear step by step of how to sovle this problem with the
questions asked.
TYPE ANSWERS. 1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units...
I need help with this Managerial Accounting question. 1. Data for Wolf Manufacturing Company (uses process...
I
need help with this Managerial Accounting question.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 Beginning Work in Process Ending Work in Process (100%) (60%) 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of production for material and conversion using the weighted average method....
I need help with this Managerial Accounting question. please show work so that I can understand...
I
need help with this Managerial Accounting question. please show
work so that I can understand it better.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 (100%) (60%) Beginning Work in Process Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000 Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs =...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs = $400,000, and target profit = $100,000. a. Calculate the breakeven point in units using the equation method. b. Calculate the breakeven point in units using the formula method. c. Calculate the sales in units needed to earn the target profit. d. Calculate the total sales dollars needed to earn the target profit. Show all calculations,
Please, I need the answer and the approaches step by step( all the information about how...
Please, I need the answer and
the approaches step by step( all the information about how to get
the data) in an easy way for my understanding Thanks!
on 4. C ompuspeed is an agency-operation selling a computer software package for a major computer company. The budget has been prepared for the coming year as follows: Sales (5,000 units) 750,000 500,000 70,000 80.000 100.000 Variable Cost of Sales Fixed Costs: Administration Selling & Distribution Profit equire (2 marks) Calculate the...
MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers...
MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department’s operations in the most recent period appear below: Beginning work in process: Units in process 540 Completion with respect to materials 63 % Completion with respect to conversion 41 % Units started into production during the month 152,600 Units completed and transferred out 152,780 Ending work in process: Units...
PLEASE SHOW STEP BY STEP THANK YOU!! 119.(Appendix 6A) The Smith Company manufactures a product that...
PLEASE SHOW STEP BY STEP THANK
YOU!!
119.(Appendix 6A) The Smith Company manufactures a product that goes through two departments prior to completion. The following information is available on work in one of these departments, the Forming Department, during March: Percentage Completed Units Materials Conversion Work in process, March 1 70,000 517 377 Started into production 460,000 Completed and transferred out 450,000 Work in process, March 31 80,000 7/8 5/8 Cost in the beginning work-in-process inventory and cost added during...
Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process 200 Completion with...
Chapter 4: Applying Excel Data Beginning work in process inventory: Units in process 200 Completion with respect to materials 100% Completion with respect to conversion 40% Costs in the beginning work in process inventory: Materials cost $2,000 Conversion cost $800 Units started into production during the period 1,800 Costs added to production during the period: Materials cost $18,400 Conversion cost $38,765 Ending work in process inventory: Units in process 100 Completion with respect to materials 100% Completion with respect to...
method of process casting Consider the following data for the month of May 2012 The assembly...
method of process casting Consider the following data for the month of May 2012 The assembly division of Fenton Watches Inc. uses the EIE (Click the icon to view the data. A Data Table Requirement Compute equivalent units for direct Conversion Costs $96,550 Flow of Product Nork in process, beginning Started during current period Physical Units Direct (Watches) Materials Beginning work in process (May 1) 60 $521,450 Started in May 2014 485 Completed during May 2014 455 Ending work in...
Requirement 2 Change all of the numbers in the data area of your worksheet so that...
Requirement 2 Change all of the numbers in the data area of your worksheet so that it looks like this 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 Costs in the beginning work in process inventory: 9 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period 13 Materials cost 14 Conversion cost 15...
I
need a clear step by step of how to sovle this problem with the
questions asked.
TYPE ANSWERS. 1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units...
I
need help with this Managerial Accounting question.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 Beginning Work in Process Ending Work in Process (100%) (60%) 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of production for material and conversion using the weighted average method....
I
need help with this Managerial Accounting question. please show
work so that I can understand it better.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 (100%) (60%) Beginning Work in Process Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000 Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs = $400,000, and target profit = $100,000. a. Calculate the breakeven point in units using the equation method. b. Calculate the breakeven point in units using the formula method. c. Calculate the sales in units needed to earn the target profit. d. Calculate the total sales dollars needed to earn the target profit. Show all calculations,
Please, I need the answer and
the approaches step by step( all the information about how to get
the data) in an easy way for my understanding Thanks!
on 4. C ompuspeed is an agency-operation selling a computer software package for a major computer company. The budget has been prepared for the coming year as follows: Sales (5,000 units) 750,000 500,000 70,000 80.000 100.000 Variable Cost of Sales Fixed Costs: Administration Selling & Distribution Profit equire (2 marks) Calculate the...
PLEASE SHOW STEP BY STEP THANK
YOU!!
119.(Appendix 6A) The Smith Company manufactures a product that goes through two departments prior to completion. The following information is available on work in one of these departments, the Forming Department, during March: Percentage Completed Units Materials Conversion Work in process, March 1 70,000 517 377 Started into production 460,000 Completed and transferred out 450,000 Work in process, March 31 80,000 7/8 5/8 Cost in the beginning work-in-process inventory and cost added during...
method of process casting Consider the following data for the month of May 2012 The assembly division of Fenton Watches Inc. uses the EIE (Click the icon to view the data. A Data Table Requirement Compute equivalent units for direct Conversion Costs $96,550 Flow of Product Nork in process, beginning Started during current period Physical Units Direct (Watches) Materials Beginning work in process (May 1) 60 $521,450 Started in May 2014 485 Completed during May 2014 455 Ending work in...
Requirement 2 Change all of the numbers in the data area of your worksheet so that it looks like this 3 Data 4 Beginning work in process inventory: 5 Units in process 6 Completion with respect to materials 7 Completion with respect to conversion 8 Costs in the beginning work in process inventory: 9 10 Conversion cost 11 Units started into production during the period 12 Costs added to production during the period 13 Materials cost 14 Conversion cost 15...
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