Business, 25.11.2021 05:40 mydoggy152

The following information is for Hane Company. The "percent completed" numbers are for conversion costs; all direct materials are added at the beginning of the production process. For the beginning inventory, the percentage given is the percentage that was already completed as of the beginning of the period. For the ending inventory, the percentage given is the percentage that was completed as of the end of the period. Units Percent Completed Direct Materials Costs Conversion Costs Beg work in process 8,000 70% $11,000 $29,000 Units started and completed during the period 25,000 Costs added this period $74,000 $161,000 Ending work in process 12,000 40% Units completed and transferred during the period 33,000 Compute the total production cost per equivalent for work done during the period. Assume a FIFO flow of costs. Hint: Total production cost incurred during the period was$235,000.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:00

Alex is a working professional and has managed to save a small amount of money from his earnings. he wants to invest in something that is customized to his risk appetite. which financial institution should he choose? a. hedge funds b. mutual funds c. life insurance companies d. credit unions e. pension funds

Answers: 1

Answer

Business, 21.06.2019 17:00

Herman is covered by a cafeteria plan by his employer. his adjusted gross income (agi) is $100,000. he paid unreimbursed medical premiums in the amount of $10,500 and he itemizes deductions. what amount will herman be able to deduct for his medical insurance premium expenses?

Answers: 1

Answer

Business, 22.06.2019 17:40

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Answers: 1

Answer

Business, 22.06.2019 20:30

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Answers: 3

Answer

You know the right answer?

The following information is for Hane Company. The "percent completed" numbers are for conversion co...

Questions