Assume that the shell-creating process has 8,000 units in BWIP, 20% complete. During the year, 50,000 units were completed and transferred out. (Note: All 50,000 units were sold; no other units were sold.) The EWIP inventory had 8,000 units, 30% complete. Compute the value of the shell-creating department's EWIP. What additional assumptions had to be made?

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Lets break down the calculation of the production volume variance in detail 1Calculate the budge... View the full answer