The Welding Department of Healthy Company has the following
production and manufacturing cost data for February 2020. All
materials are added at the beginning of the process.
|
Manufacturing Costs |
Production Data |
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| Beginning work in process | Beginning work in process | 14,700 | units, 1/10 complete | ||||||
| Materials | $18,400 | Units transferred out | 55,300 | ||||||
| Conversion costs | 14,460 | $32,860 | Units started | 50,600 | |||||
| Materials | 229,740 | Ending work in process | 10,000 | units, 1/5 complete | |||||
| Labor | 67,500 | ||||||||
| Overhead | 52,695 | ||||||||
Prepare a production cost report for the Welding Department for the
month of February. (Round unit costs to 2 decimal
places, e.g. 2.25 and all other answers to 0 decimal places, e.g.
1,225.)
|
HEALTHY MANUFACTURING COMPANY |
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Equivalent Units |
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Quantities |
Physical |
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Conversion |
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Units to be accounted for |
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Work in process, February 1 |
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Started into production |
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Total units |
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Units accounted for |
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Transferred out |
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Work in process, February 28 |
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Total units |
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Costs |
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Conversion |
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Unit costs |
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Total Costs |
$ |
$ |
$ |
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Equivalent units |
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Unit costs |
$ |
$ |
$ |
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Costs to be accounted for |
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Work in process, February 1 |
$ |
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Started into production |
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Total costs |
$ |
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Cost Reconciliation Schedule |
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Costs accounted for |
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Transferred out |
$ |
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Work in process, February 28 |
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Materials |
$ |
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Conversion costs |
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Total costs |
$ |
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In: Accounting
Production Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 4,800 Units completed and transferred out 32,640 Units in process, October 31, 60% complete 9,600 Costs: WIP, October 1 $ 38,400 Costs added during October 729,600 Required: Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations. If an amount box does not require an entry, leave it blank or enter "0". Manzer Inc. Cutting Department Production Report For the Month of October (Weighted Average Method) Unit Information Physical flow: Units in beginning WIP Units started Total units to account for Equivalent units: Units completed Units in ending WIP Total units accounted for: Equivalent units: Units completed Units in ending WIP Total equivalent units Cost Information Costs to account for: Beginning WIP $ Incurred during October Total costs to account for $ Cost per equivalent unit $ Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out $ $ $ Goods in ending WIP Total costs accounted for $ $ $ Check My Work
In: Accounting
|
Won Han Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. |
| Indirect Expense | Cost | Allocation Base | |
| Supervision | $ | 74,000 | Number of employees |
| Utilities | 59,000 | Square feet occupied | |
| Insurance | 16,900 | Value of assets in use | |
| Total | $ | 149,900 | |
| Departmental data for the company’s recent reporting period follow. |
| Department | Employees | Square Feet | Asset Values | ||||||
| Materials | 17 | 28,000 | $ | 82,000 | |||||
| Personnel | 4 | 4,600 | 1,100 | ||||||
| Manufacturing | 64 | 41,000 | 38,300 | ||||||
| Packaging | 29 | 13,600 | 15,500 | ||||||
| Total | 114 | 87,200 | $ | 136,900 | |||||
| (1) |
Use this information to allocate each of the three indirect expenses across the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" & "%" signs in your response.) |
| Supervision expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Utilities expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Insurance expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| (2) |
Prepare a summary table that reports the indirect expenses assigned to each of the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" sign in your response.) |
| Supervision | Utilities | Insurance | Total | |
| Materials | $ | $ | $ | $ |
| Personnel | ||||
| Manufacturing | ||||
| Packaging | ||||
| Totals | $ | $ | $ | $ |
In: Accounting
|
Won Han Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. |
| Indirect Expense | Cost | Allocation Base | |
| Supervision | $ | 74,000 | Number of employees |
| Utilities | 59,000 | Square feet occupied | |
| Insurance | 16,900 | Value of assets in use | |
| Total | $ | 149,900 | |
| Departmental data for the company’s recent reporting period follow. |
| Department | Employees | Square Feet | Asset Values | ||||||
| Materials | 17 | 28,000 | $ | 82,000 | |||||
| Personnel | 4 | 4,600 | 1,100 | ||||||
| Manufacturing | 64 | 41,000 | 38,300 | ||||||
| Packaging | 29 | 13,600 | 15,500 | ||||||
| Total | 114 | 87,200 | $ | 136,900 | |||||
| (1) |
Use this information to allocate each of the three indirect expenses across the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" & "%" signs in your response.) |
| Supervision expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Utilities expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Insurance expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| (2) |
Prepare a summary table that reports the indirect expenses assigned to each of the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" sign in your response.) |
| Supervision | Utilities | Insurance | Total | |
| Materials | $ | $ | $ | $ |
| Personnel | ||||
| Manufacturing | ||||
| Packaging | ||||
| Totals | $ | $ | $ | $ |
In: Accounting
|
Won Han Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow. |
| Indirect Expense | Cost | Allocation Base | |
| Supervision | $ | 71,000 | Number of employees |
| Utilities | 58,000 | Square feet occupied | |
| Insurance | 16,900 | Value of assets in use | |
| Total | $ | 145,900 | |
| Departmental data for the company’s recent reporting period follow. |
| Department | Employees | Square Feet | Asset Values | ||||||
| Materials | 17 | 26,000 | $ | 54,000 | |||||
| Personnel | 5 | 4,000 | 1,400 | ||||||
| Manufacturing | 65 | 47,000 | 37,900 | ||||||
| Packaging | 31 | 13,900 | 15,200 | ||||||
| Total | 118 | 90,900 | $ | 108,500 | |||||
| (1) |
Use this information to allocate each of the three indirect expenses across the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" & "%" signs in your response.) |
| Supervision expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Utilities expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Insurance expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| (2) |
Prepare a summary table that reports the indirect expenses assigned to each of the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" sign in your response.) |
| Supervision | Utilities | Insurance | Total | |
| Materials | $ | $ | $ | $ |
| Personnel | ||||
| Manufacturing | ||||
| Packaging | ||||
| Totals | $ | $ | $ | $ |
In: Accounting
Won Han Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow.
| Indirect Expense | Cost | Allocation Base | |
| Supervision | $ | 70,000 | Number of employees |
| Utilities | 64,000 | Square feet occupied | |
| Insurance | 17,000 | Value of assets in use | |
| Total | $ | 151,000 | |
| Departmental data for the company’s recent reporting period follow. |
| Department | Employees | Square Feet | Asset Values | ||||||
| Materials | 18 | 29,000 | $ | 34,000 | |||||
| Personnel | 8 | 4,700 | 1,200 | ||||||
| Manufacturing | 65 | 50,000 | 38,300 | ||||||
| Packaging | 32 | 13,500 | 14,800 | ||||||
| Total | 123 | 97,200 | $ | 88,300 | |||||
| (1) |
Use this information to allocate each of the three indirect expenses across the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" & "%" signs in your response.) |
| Supervision expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Utilities expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Insurance expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| (2) |
Prepare a summary table that reports the indirect expenses assigned to each of the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" sign in your response.) |
| Supervision | Utilities | Insurance | Total | |
| Materials | $ | $ | $ | $ |
| Personnel | ||||
| Manufacturing | ||||
| Packaging | ||||
| Totals | $ | $ | $ | $ |
In: Accounting
Won Han Co. has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three shared indirect expenses. The amounts of these indirect expenses and the bases used to allocate them follow.
| Indirect Expense | Cost | Allocation Base | |
| Supervision | $ | 70,000 | Number of employees |
| Utilities | 64,000 | Square feet occupied | |
| Insurance | 17,000 | Value of assets in use | |
| Total | $ | 151,000 | |
| Departmental data for the company’s recent reporting period follow. |
| Department | Employees | Square Feet | Asset Values | ||||||
| Materials | 18 | 29,000 | $ | 34,000 | |||||
| Personnel | 8 | 4,700 | 1,200 | ||||||
| Manufacturing | 65 | 50,000 | 38,300 | ||||||
| Packaging | 32 | 13,500 | 14,800 | ||||||
| Total | 123 | 97,200 | $ | 88,300 | |||||
| (1) |
Use this information to allocate each of the three indirect expenses across the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" & "%" signs in your response.) |
| Supervision expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Utilities expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| Insurance expenses | ||
| Department | % of Total | Cost |
| Materials | % | $ |
| Personnel | ||
| Manufacturing | ||
| Packaging | ||
| Totals | % | $ |
| (2) |
Prepare a summary table that reports the indirect expenses assigned to each of the four departments. (Round your intermediate and final answers to the nearest whole dollar. Omit the "$" sign in your response.) |
| Supervision | Utilities | Insurance | Total | |
| Materials | $ | $ | $ | $ |
| Personnel | ||||
| Manufacturing | ||||
| Packaging | ||||
| Totals | $ | $ | $ | $ |
In: Accounting
Colton's Paints makes and sells paint to home improvement stores. Colton's only plant can produce up to15 million cans of paint per year. Current annual production is 12 million cans. Fixed manufacturing, selling, and administrative costs total $10.8 million per year. The variable cost of making and selling each can of paint is $6.20. Stockholders expect a 15% annual return on the company's $34 million of assets.
Requirement 2. Assume that Colton is a price-taker and the current wholesale market price is $7.70 per can of paint. What is the target total of cost in producing and selling 12 million cans of paint? Given Colton's current total costs, will the company reach stockholders' profit goals?
Begin by calculating Colton's target total cost. Select the formula labels and enter the amounts. (Enter currency amounts in dollars, not in millions. Round all currency amounts to the nearest whole dollar.)
|
Revenue at market price |
$92,400,000 |
|
|
Less: |
Desired profit |
5,100,000 |
|
Target total cost |
$87,300,000 |
|
Given Colton's current total costs, will the company reach stockholders' profit goals? (Enter currency amounts in dollars, not in millions.)
|
Yes |
, the company |
will |
reach stockholders' profit goals. There will be a(an) |
? ???? |
excess |
. |
|
I need help finding the amount of excess.
In: Accounting
Must use prompts to get input from user and alerts for output. Do not use jQuery or document.getElementById to solve these problems.
User input validation is not required. Assume the user will enter correct values and write your program. Program should run once and exit.
1. Filenames: tip.html & tip.js
Write a Tip program where the user enters a restaurant bill total.
The program should then display two amounts: a 15 percent tip and a
20 percent tip. The output should look similar to this:
|
Total bill: 44.9 15% tip = 6.735 and 20% tip = 8.98 |
2. Filenames: Tax.html & Tax.js
Write a check out program that calculates the total cost (total
price of items + 6% sales tax) of buying two items. Use floats for
this problem and format them to 2 decimal places before printing
them. The output should look similar to this:
|
Cost of Item1: 40.0 Total price of two items: 54.55 6% Sales tax = 3.27 Total cost = 57.82 |
Always format numbers after all calculations have been completed and your program is ready to display the result.
Formatting to a specific decimal place using the toFixed method:
var num = 2347.67890;
num = num.toFixed(2); -> This converts the num into a string
alert(num); -> 2347.67
alert(num.toFixed(2)) should be good for display purposes. There is no need to convert and update the variable num.
In: Computer Science
The Welding Department of Healthy Company has the following
production and manufacturing cost data for February 2020. All
materials are added at the beginning of the process.
|
Manufacturing Costs |
Production Data |
||||||||
| Beginning work in process | Beginning work in process | 14,500 | units, 1/10 complete | ||||||
| Materials | $ 17,600 | Units transferred out | 55,300 | ||||||
| Conversion costs | 15,060 | $ 32,660 | Units started | 50,600 | |||||
| Materials | 200,485 | Ending work in process | 9,800 | units, 1/5 complete | |||||
| Labor | 67,400 | ||||||||
| Overhead | 49,238 | ||||||||
Prepare a production cost report for the Welding Department for the
month of February. (Round unit costs to 2 decimal
places, e.g. 2.25 and all other answers to 0 decimal places, e.g.
1,225.)
|
HEALTHY MANUFACTURING COMPANY |
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|
Equivalent Units |
||||||||
|
Quantities |
Physical |
|
Conversion |
|||||
|
Units to be accounted for |
||||||||
|
Work in process, February 1 |
||||||||
|
Started into production |
||||||||
|
Total units |
||||||||
|
Units accounted for |
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|
Transferred out |
||||||||
|
Work in process, February 28 |
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|
Total units |
||||||||
|
Costs |
|
Conversion |
|
|||||
|
Unit costs |
||||||||
|
Total Costs |
$ |
$ |
$ |
|||||
|
Equivalent units |
||||||||
|
Unit costs |
$ |
$ |
$ |
|||||
|
Costs to be accounted for |
||||||||
|
Work in process, February 1 |
$ |
|||||||
|
Started into production |
||||||||
|
Total costs |
$ |
|||||||
|
Cost Reconciliation Schedule |
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|
Costs accounted for |
||||||||
|
Transferred out |
$ |
|||||||
|
Work in process, February 28 |
||||||||
|
Materials |
$ |
|||||||
|
Conversion costs |
||||||||
|
Total costs |
$ |
|||||||
In: Accounting