During December, Western Solvent completed 40,000 units. At the end of December, there were 10,000 units in
Question:
Required
Calculate the amount of material cost, labor cost, and overhead cost in beginning Work in Process inventory.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (18 reviews)
Let X the cost in beginning work i...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
n Pax Limited showed the following assets and liabilities in its financial statements at 31 December 2018. CARRYING AMOUNT FAIR VALUE 10,000,000 14,000,000 4,200,000 4,400,000 (3,500,000) (3,500,000)...
-
The actual cost of the work performed at the end of the third week for the project in Problem 4 is $16,500. Determine the cost performance index for the project. IN PROBLEM 4 A project consists of...
-
The cost of Baxters inventory at the end of the year was $50,000. Due to obsolescence, the cost to replace the inventory was only $40,000. Net realizable valuewhat the inventory could be sold foris...
-
Write a method to take an integer array as a parameter and return how many elements having the same digits in each element in the array for example if we have array 1 1 , 4 4 , 1 4 , 2 3 , 1 2 , 5 6...
-
Impairment of Debt Securities Cairo Corporation has municipal bonds classified as available for-sale at December 31, 2010. These bonds have a par value of $800,000, an amortized cost of $800,000, and...
-
What ethical issues could confront a financial manager?
-
Discuss how you would use information systems to support succession planning.
-
Create an enterprise data model that captures the data needs of FAME. Use a notation similar to the one shown in Figure 1-4. In figure 1-4 INVENTORY PRICING HISTORY CUSTOMER Places Keeps Price...
-
1. Given the matrices A and B of sizes m x 1 and 1 x n respectively. 1. a) Write the pseudocode to compute the matrix C = A x B 2. b) What is the complexity of the code that you wrote? 2. Consider...
-
Here are the basic rules of Club Keno: You choose how many numbers you will pick. You can pick anywhere from 1 to 10 different numbers. Pick your numbers between 1 and 80. A drawing is held in which...
-
The balance in beginning Work in Process at Bing Rubber Company for direct labor was $140,000. During the month of March, an additional $800,000 of direct labor was incurred, and 35,000 pounds of...
-
The McMillian Tire Company produces tires used on small trailers. The month of June ended with 600 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to...
-
A gate assembly consisting of a 24-kg gate ABC and a 66-kg counterweight D is attached to a 24-mm-diameter shaft B which fits loosely in a fixed bearing. Knowing that the coefficient of static...
-
The Random class implements a random number generator, which produces sequences of numbers that appear to be random. To generate random integers, you construct an object of the Random class, and then...
-
How would you reorganize the InvestmentViewer1 program of Section 10.7.2 if you needed to make AddInterestListener into a top-level class (that is, not an inner class)?
-
Name two accessor methods and two mutator methods of the Rectangle class.
-
Consider the task of translating a plain-text book from Project Gutenberg (http:// gutenberg.org) to HTML. For example, here is the start of the first chapter of Tol stoys Anna Karenina: Chapter 1...
-
Write a program ReplaceTester that encodes a string by replacing all letters "i" with "!" and all letters "s" with "$". Use the replace method. Demonstrate that you can correctly encode the string...
-
The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School: Each student in the class was given large amounts of information about a...
-
g(x) = x 5 5x 6 a. Show that g(x) = 0 has a root, , between x = 1 and x = 2. b. Show that the equation g(x) = 0 can be written as x = (px + q) 1/r , where p, q and r are integers to be found. The...
-
Lindy Glitter uses a process costing system to track the production of the single product it makes in one department. At the start of November, there were 7,000 units in process that were 100 percent...
-
Newberry Company accumulates costs for its product using a process costing system. Direct materials are added at the beginning of the production process, and conversion occurs evenly throughout the...
-
Douglas Basket Co. produces a specialty basket used by a gift basket company, Yours Truly Gifts. Douglas uses a just-in-time system and has very little inventories of material, work in process, or...
-
You have $8,500 to invest for 5 years. Find how much you'll have at the end of the 5 years if you earn 3.4% interest compounded (a) annually: $ (b) monthly: $ (c) daily: $ (d) continuously: $
-
Create instructions for a UHD student on how to use Zoom to record an oral presentation. This assignment has two purposes: I need to ensure you know how to use Zoom to record your group's oral...
-
Solve for x: 1 3x-3x-2=24 2 3*+1=3x+1/3 3 3x+3x+2=10 4 5x+1 1 =2.5* 5 2x+2x+2x=96 6 12x+12=288 7 2x+2x-2=5 8 22x+4x+1=80 EXERCISE 5 Solve for x: 8.4141-32 = 1 2 3x+1=9x. 27 3 3x+2 = 9.27 4 5-1. = 25*...
Study smarter with the SolutionInn App