Instructions: Using the following data, complete the requirements given below. When you are given amounts to...

Instructions: Using the following data, complete the requirements given below. When you are given amounts to assume as the answers to previous requirements, be careful to use such assumed amounts rather than your answers (in order to minimize carry-through errors).

The Finishing Department of Curtis Corporation reports the following for January 2011:

Production: All materials are added at the beginning of the process. Beginning work in process 20,000 units, 60% complete. Units started into production 240,000 units. Ending work in process 10,000 units, 30% complete.

Manufacturing Costs: Beginning work in process, $40,000, comprised of $15,000 of materials and $25,000 of conversion costs. Materials added $160,000; labor and overhead added $465,000.

(a) Required: Compute equivalent units of production for (1) materials and (2) conversion costs.

Materials Conversion

(b) Assume your answers to (a) above were 250,000 units for materials and 245,000 for conversion costs.

Required: Compute the unit costs for the month.

Materials Conversion

(c) Assume your answers to (b) above were $.90 for materials and $2.10 for conversion costs. Required: Determine the costs to be assigned to the 240,000 units transferred out.

(d) Assume the same unit costs as given in (c) above.

Required: Determine the costs assigned to the 10,000 units in ending work in process.

Expert Solution

ekkarill92 answered 1 year ago

Proocess Costing Instructions: Using the following data, complete the requirements given below. When you are given...

Proocess Costing Instructions: Using the following data, complete the requirements given below. When you are given amounts to assume as the answers to previous requirements, be careful to use such assumed amounts rather than your answers (in order to minimize carry-through errors). The Finishing Department of Curtis Corporation reports the following for January 2011: Production: All materials are added at the beginning of the process. Beginning work in process 20,000 units, 60% complete. Units started into production 240,000 units. Ending...

Please complete the following code in C using the comments as instructions. Further instructions are below...

Please complete the following code in C using the comments as instructions. Further instructions are below the code. challenge.c // goal: print the environment variables to the file "env.txt", one per line // (If envp is NULL, the file should be empty, opening in write mode will do that.) // example: // inputs: // envp/environ = {"E1=2","E2=7",NULL} // outputs: // env.txt as a string would be "E1=2\nE2=7\n" // example: // inputs: // envp/environ = {NULL} or NULL // outputs: //...

Instructions: Complete the following problems using the format outlined in the homework requirements document. 1. Photons...

Instructions: Complete the following problems using the format outlined in the homework requirements document. 1. Photons are incident on an Aluminum plate and electrons are emitted as a result of the Photoelectric effect. Provide answers to the following questions: a. What threshold energy must the photon have to produce a photoelectron from Aluminum, which has a work function of 4.20 eV? b. Calculate the maximum energy of a photoelectron ejected from Aluminum by UV light with a wavelength of 1500...

Instructions: Using the data for the assignment complete your spreadsheet and answer the five questions. When...

Instructions: Using the data for the assignment complete your spreadsheet and answer the five questions. When you make the changes for question 4 and 5 your spreadsheet will change and your spreadsheet answer from the previous question may change depending on how you build your spreadsheet. That is OK, we can look at your spreadsheet and do some quick checks. Again, we are expecting to see formulas/functions in the spreadsheet. This assignment is similar to the Biz Café Individual Assignment...

Given the information below, complete the following requirements: A. Rank the customers by their gross margin...

Given the information below, complete the following requirements: A. Rank the customers by their gross margin as a percent of sales revenue. B. Perform customer profitability analysis by generating an operating income for each customer segment through the use of activity-based costing. C. Rank segments by their respective operating income as a percent of sales. D. If the relative rankings of the segments using operating income as a percent of sales is different from the relative rankings using gross margin...

Complete the steps below using cell references to given data or previous calculations. In some cases,...

Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference...

Written Analysis Instructions As part your course requirements you are required to complete a Written Analysis...

Written Analysis Instructions As part your course requirements you are required to complete a Written Analysis of Data. The Analysis, 1 ½ to 2 pages in length (typed and double spaced), is worth 300 points. The maximum number of points you can obtain from the written assignment is 300. For this assignment you will be using be using both your creative writing and your analytical skills. Below you will find two sets of data set forth in two different tables....

Consider the following hypotheses and sample data, and then complete parts a and b below using...

Consider the following hypotheses and sample data, and then complete parts a and b below using alpha quals=0.10 H0: μ≤16 H1: μ>16 19 20 12 19 20 22 14 22 18 17 a) What conclusion should be drawn? Determine the critical value(s). The critical value(s) is(are) ______ (Round to three decimal places as needed. Use a comma to separate answers as needed.) Determine the test statistic, _____ (Round to two decimal places as needed.) What conclusion should be drawn?...

I need this answered not using excel Given the following data, construct a material requirements plan...

I need this answered not using excel Given the following data, construct a material requirements plan which will result in 100 units of parent #1 (P1), at the beginning of week 6 and 200 units of parent #2 (P2) at the beginning of week 8: item parent quantity on-hand on order(due) Lead Time Order size P1 - - - - 1 Lot-for-Lot P2 - - - - 1 Lot-for-Lot A P1, P2 1,2 70 0 1 500 B P1, P2...

Instructions: Complete the following queries using the Colonial Adventure Tours database. You will find the description...

Instructions: Complete the following queries using the Colonial Adventure Tours database. You will find the description including data of this database in page 16 to page 20 in Chapter 1 in your Concepts of Database Management textbook. For each following question, create a query using the Query Design option in Access. Make sure that you save and name each query in the following manner: Query1, Query2......Query14. Query Questions: Queries: 1. List the name of each trip that does not start...

Question