Two things that I noticed in the news today are as follows: 1. Elizabeth Warren wants to forgive all student debts 2. President Trump wants to add a checkmark to the 2020 census that indicates whether or not a resident is a citizen. Choose one of these or any other current event of interest, and […]
Alpha Company had the following information for FY 2017: Work in Process – 1/1/17 100,000 units Units Started into Production 575,000 units Work in Process – 12/31/17 75,000 units Direct Material put into Production $575,000 Conversions Costs put into Production $843,750 The beginning work in process was 100% to direct materials and 75% to conversion […]
Baltimore Manufacturing had a Work in Process balance of $98,000 on January 1, 2018. The year end balance of Work in Process was $98,000 and the Cost of Goods Manufactured was $730,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars […]
A. Xion Company sells Widgets at $6 a unit. In FY 2016, fixed costs are expected to be $200,000 and variable costs are estimated to increase from $3 per unit to $4 a unit. Xion wants to have a FY 2016 operating income of $40,000. Use this information to determine the number of units of […]
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