Fleming, Fleming, and Johnson, a local CPA firm, provided the following data for individual returns processed for
Question:
Units, beginning work in process —
Units started ................. 6,000
Units completed ............. 5,000
Units, ending work in process (50% complete) ... 1,000
Total production costs .............. $5,500
Required:
1. Prepare a physical flow schedule
2. Prepare an equivalent units schedule. Explain why output is measured in equivalent units.
3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
1 Units started and completed Units completed Units BWIP 5000 0 5000 Units started Units EWIP Units ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Question Posted:
Students also viewed these Managerial Accounting questions
-
Swasey Fabrication, Inc., manufactures frames for bicycles. Each frame passes through three processes: Cutting, Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma,...
-
During October, McCourt Associates incurred total production costs of $60,000 for copyediting manuscripts and had the following equivalent units schedule: Units completed .................. 285 Units...
-
Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Required: 1. Calculate the unit cost for December, using the...
-
Which of the following best describes employees suppliers and governments? a.These are examples of organisational stakeholders. b.These are rarely considered in organisational behaviour theories....
-
How are interorganizational project teams using the Web to achieve goals?
-
Using the figure part selected by your instructor, sketch a free-body diagram of each element in the figure. Compute the magnitude and direction of each force using an algebraic or vector method, as...
-
Using the approach described in Example 2.6, derive the expressions for all the averaged stiffnesses for the planar isotropic lamina in terms of invariants. Use these results to find the...
-
In the current year, Whitaker Corporation has taxable income of $700,000 and tax preference items of $100,000. It also has $250,000 of positive AMT adjustment items and $80,000 of negative AMT...
-
During a visit to Surrey, Jassa gets into conversation with the owner of a local restaurant, Maharaja Catering. The owner of Maharaja tells Jassa he is willing to sell samosas for $1.25 each to...
-
Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $5 million assessed by the Environmental...
-
During March, Hanks Manufacturing started and completed 30,000 units. In beginning work in process, there were 5,000 units 60 percent complete with respect to conversion costs. Materials are added at...
-
Refer to the data in Problem 6.31. Assume that the FIFO method is used. In Exercise Swasey Fabrication, Inc., manufactures frames for bicycles. Each frame passes through three processes: Cutting,...
-
What is meant by the level of threshold service of a least-cost system?
-
David is purchasing a home for $127,600. He has 10% to put down on the home and wishes to pay one discount point. What is the amount of his principle that he will finance?
-
learning about Agency Law. Both "employees" and "independent contractors" are "agents" but the law treats "employees" very differently than "independent contractors" in many ways. The explosive...
-
Read the case San Lorenzo Trad., Inc. v. Hernndez, Gonzlez, Figueroa & Merly, 114 DPR 704 (1983), indicated in the required resources of module 3. Once you have read the case, answer the following...
-
Alex is a member of Acme Ltd, a public company listed on the ASX. Acme Ltd's constitution provides that each ordinary shareholder is to be given a copy of all proposed resolutions (both ordinary and...
-
6. How can a business protect itself from competitors seeking to pass off their merchandise as that of the business? 7. Explain the "but for" test. 8. Why must a defendant's actions be the cause in...
-
Rogers Communications Inc. is a diversified Canadian communications and media company engaged in three primary lines of business: Wireless, Cable, and Media. The following is part of Rogers revenue...
-
A test car is driven a fixed distance of n miles along a straight highway. (Here n Z+.) The car travels at one mile per hour for the first mile, two miles per hour for the second mile, four miles...
-
What is profile measurement and analysis? What are the limitations of this approach?
-
What is profit-linked productivity measurement and analysis?
-
Explain why profit-linked productivity measurement is important.
-
Multiplication of signed operands, which generate a double-length product in the 2's-complement 100 11 MULTIPLICAND (-13) 0 10 1 1 MULTIPLIER (+11) number system. The general strategy is the...
-
panel = Drawing Panel (160, 160) for i in range (0, 10): panel.draw rectangle (20, 20 + 100 10 * 1, 10 i, 10) Write variations of the above program that draw the figures at the lower right as output....
-
John estimated the following cash flows (in $) for a project: A B 1 Year Cash flow 2 0 -5,700 3 1 1,325 4 2 2,148 5 3 3,528 The required return for the project is 8%. What is the IRR for the project?
Study smarter with the SolutionInn App