A company that produces a single product using a continuous…
A company that produces a single product using a continuous process had no work in process on April 1. During the month of April, 10,000 units were started and 9,000 completed units were transferred. The ending work-in-process inventory was complete as to materials and 50% complete as to conversion. The cost of direct materials was $114,000, and the cost of direct labor amounted to $38,000. Manufacturing overhead is assigned at the rate of 50% of direct materials. For the purpose of determining the cost of goods manufactured in April, what is the cost per equivalent whole unit?
Read DetailsDecentralized firms can delegate authority and yet retain co…
Decentralized firms can delegate authority and yet retain control and monitor managers’ performance by structuring the organization into responsibility centers. Which one of the following organizational segments is most like an independent business?
Read DetailsA corporation has its own cafeteria with the following annua…
A corporation has its own cafeteria with the following annual costs: Food $100,000 Labor 75,000 Overhead 110,000 Total $285,000 The overhead is 40% fixed. Of the fixed overhead, $25,000 is the salary of the cafeteria supervisor. The remainder of the fixed overhead has been allocated from total company overhead. Assuming the cafeteria supervisor will remain and the corporation will continue to pay his/her salary, the maximum cost the corporation will be willing to pay an outside firm to service the cafeteria is
Read DetailsHeathman Inc. produces and sells a single product. The selli…
Heathman Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $89.70 per unit. The fixed expense is $308,660 per month. The break-even in monthly unit sales is closest to (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
Read DetailsThe LaPann Corporation has obtained the following sales fore…
The LaPann Corporation has obtained the following sales forecast data: July August September October Cash sales $80,000 $70,000 $50,000 $60,000 Credit sales $240,000 $220,000 $180,000 $200,000 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on September 30 would be (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
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