The Smelting Department of Sunland Company has the following production datafor November. Beginning work in process 1,880 units that are 100% complete as to materials and 20% complete as to conversion costs: units completed and transferred out 8,460 units; and ending work in process 6,580 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production tor (a) materials and (b) conversion costs for the month of November. Materials Conversion Costs Total equivalent units

The Smelting Department of Sunland Company has the following production datafor November. Beginning work in process 1,880 units that are 100% complete as to materials and 20% complete as to conversion costs: units completed and transferred out 8,460 units; and ending work in process 6,580 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production tor (a) materials and (b) conversion costs for the month of November. Materials Conversion Costs Total equivalent units

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Bob's Building Supplies produced $1 million worth of building supplies in 2017. Bob's $350,000 worth of these supplies in 2017 to the Custom Construction Company, which used them to produce mode homes worth $2 million in 2017. Bob's sold another $400,000 of these supplies in 2017 directly to homeowners, who undertook their own home improvements. Bob's sold the remaining supplies to Eco-Play Playgrounds, which used them to build $750,000 worth of playgrounds in 2018. Under the spending approach, how much did this economic activity contribute to 2017's GDP? A) $650,000 in building supplies, $2 million in housing, $750,000 in playgrounds B) $650,000 in building supplies, $2 million in housing, $0 in playgrounds C) $1 million in building supplies, $1,650,000 in housing, $0 in playgrounds D) $400,000 in building supplies, $1,650,000 in housing, $500,000 in playgrounds E) $400,000 in building supplies, $2 million in housing, $0 in playgrounds F) $400,000 in building supplies, $2…
Please show your computations using good accounting form through excel. Thank you! Problem: Average with Lost Units What should be the accumulated cost of work in process as of October 31 if the normal loss occured during the process (with adjustment for lost units) based on the remaining good units?
ABCD Inc. is a shoe company, they have decided to build a new manufacturing facility because they have developed modern technology to help in the production of their sneakers. The new facility will be able to process up to 10,000 pairs of sneakers per year, but this year is only expected to produce 7,000 pairs. ABCD Inc.'s first facility uses the same technology and has processed 12,000 shoes per year with a full production capacity of 12,000. Draw the long run and short-run average cost curve for ABCD’s new facility and first facility and indicate where the MES is most likely to occur.
Prominent Sdn Bhd produces furniture at several factories. Its Seberang Prai factoryproduces office chairs. Management aims to increase production in the coming year to 800units per month. Therefore, management is exploring two production strategies for thecoming year. The first strategy is to continue operations with the existing machine, MachineA, and the second strategy is to rent a new machine, Machine B, to produce the office chairs.The monthly rental of Machine B is RM14,000. Machine B takes half an hour to produce oneoffice chair. However, it requires a more skilled labour force with an hourly rate of RM30 perhour.Comparatively, continuing to use Machine A means that costs will remain the same. MachineA is 5 years old and is operating below capacity. The hourly labour rate is RM20 and thematerials required for each unit is RM30. Each office chair is assembled within an hour. Eachunit of the finished office chair is sold for RM120.The fixed monthly running costs of thefactory is…
The Return of Detroit City: Enpar manufactures engine parts for Ford using steel as an input. Enpar operates two plants, one in Detroit, MI and one in Greenville, SC. The production functions for the two Enpar plants are:Detroit: QD= 22SD – 0.25 SD2 Greenville: QG= 50SG – 0.5 SG2 where QD and QG are the outputs of engine parts (in units) from the Detroit and Greenville plants, respectively. SD and SG are the amounts of steel for the two plants. The firm has 187 units of steel available.How much steel should be sent to Detroit?Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector uses $30 of materials and requires 3 hours of labor at $10 per hour. Each overhead projector sells for $84.87. Lightview has fixed overheads of $264605. What is Lightview's break-even point in sales units?
MR is a manufacturer of industrial fridges, freezers, and air conditioners. In December, the productionplanner needs to submit a production plan to the plant manager for the next year. The aggregate forecast foreach quarter of next year is Q1: 14,800; Q2: 26,400; Q3: 35,000, and Q4: 19,200 units. The beginning inventoryin January is 0, and the year-end inventory in December of next year can be 0. It costs MR $24 to hold anappliance in inventory for one quarter. Shortages are undesirable. Assume that all shortage will be backordered, and that back-order cost is $100 per unit per quarter. There are 160 permanent workers who produce19,200 units per quarter. In busy quarters, workers can produce up to 9,600 additional units during overtime.Regular time labour cost is $60 per unit appliance and overtime labour cost is $83 per unit. MR can hire up to160 temporary workers for a second shift. Assume temporary workers have the same productivity and canproduce up to 19,200 units per quarter. A…
Assume we are selling a product for $2 each. Assume that the variable cost associated with producing and selling the product is 60 cents. Assume that the fixed cost related to the product (the basic costs that are incurred in operating the business even if no product is produced) is $1000. What is the BEP?
A company makes a product with a selling price of $20 per unit and variable costs of $ 12 per unit. The fixed costs for the period are $34060. What is the required output level to make a target profit of $15,000?
At the beginning of the year, managers at King Industries estimated $420000 in manufacturing overhead, 20000 direct labor hours and 50000 machine hours. Actual manufacturing costs at the end of the year were $425000 in manufacturing overhead. During the year, 22000 direct labor hours and 47000 machine hours were incurred. If overhead is applied based on direct labor hours, what is the predetermined overhead rate for the coming year? $21.00 per direct labor hour $8.40 per direct labor hour $19.09 per direct labor hour $9.04 per direct labor hour
Please answer the correct answer ASAP please Don't answer by pen paper please calculation correct
The General Store at State University is an auxiliary bookstore located near the dormitories that sells academic supplies, toiletries, sweatshirts andT-shirts, magazines, packaged food items, and canned soft drinks and fruit drinks. The manager of the store has noticed that several pizza deliveryservices near campus make frequent deliveries. The manager is therefore considering selling pizza at the store. She could buy premade frozenpizzas and heat them in an oven. The cost of the oven and freezer would be $27,000. The frozen pizzas cost $3.75 each to buy from a distributorand to prepare (including labor and a box). To be competitive with the local delivery services, the manager believes she should sell the pizzas for$8.95 apiece. The manager needs to write up a proposal for the university's director of auxiliary services. The manager of the store anticipates that once the local pizza delivery services start losing business, they will react by cutting prices. If after a month (30 days)…