Question: Production Rate 3 0 0 units per day Throughput time 4 days Material cost $ 5 2 . 0 0 Labour & O / H

Production Rate 300 units per day Throughput time 4 days Material cost $52.00 Labour & O/H $24.00 What is Total Value of the WIP (work-in-process)?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Hickory Industries, a North Carolina-based firm, makes quality oak furniture (living room sets) and sells it to retailers throughout the eastern US. The firm is thinking about expanding to produce...

Q:

A company sells a product for $ 7 5 0 . The average demand is 3 0 0 units per day. It wishes to implement a new process that decreases its average cycle tome from 1 0 days to 5 days; along with,...

Q:

A corner store carries milk jugs with current and average information presented in the table below. The store follows a fixedperiod inventory system (FPS) to manage its carriage of milk jugs. The...

Q:

Output (Q) Fixed Variable Total Costs Average Average Average Marginal (Instructional Costs Costs (VC) (TC) Fixed Cost Variable Total Cost Cost (MC) Modules per (FC) (AFC) Cost (AVC) (ATC) Month) 0 B...

Q:

The Green Manufacturing Company manufactures construction hardhats and uses 31', costing system based on standard costs. Variable manufacturing costs consist of direct material cost of $5.00 per unit...

Q:

The Green Manufacturing Company manufactures construction hardhats and uses 31', costing system based on standard costs. Variable manufacturing costs consist of direct material cost of $5.00 per unit...

Q:

The Green Manufacturing Company manufactures construction hardhats and uses a costing system based on standard costs. Variable manufacturing costs consist of direct material cost of $5.00 per unit...

Q:

A quick reply will be appreciated! The Green Manufacturing Company manufactures construction hardhats and uses a costing system based on standard costs. Variable manufacturing costs consist of direct...

Q:

Question 1: What is the standard time (ST) for this task if the bartender worked at a twenty percent faster pace then is average, and an allowance of twenty percent of the workday is used? a. 112.5...

Q:

Part one. Explain. Everything else constant, the international trade effect indicates that aggregate expenditures in the domestic economy fall when: A) domestic prices fall relative to foreign...

Q:

QUESTION 5 (20 Marks) INFORMATION: The following information is available for Conlog Enterprises: 1. On 30 June 2020 the bank account in the general ledger reflected a credit balance of R 125 000. 2....

Q:

Airco owns several aircraft and its balance sheet indicated the following amounts for its aircraft accounts at the end of 2009 and 2008: Required: 1. Assume that Airco did not sell any aircraft...

Q:

A car is initially traveling to the right with a speed of 25 ft/s. If it is subjected to a constant deceleration of 5 ft/s 2 (directed to the left), determine its velocity when t = 4 s. What is the...

Q:

Use section Codification 7 1 5 - 3 0 - 3 5 - 4 3 to answer this question. In determing the settlement rate, employers may: use rates of return on high - quality fixed - income investments currently...

Q:

Premise: Using a dictionary and list, create a set of key / value pairs that consists of a musical database. The key / value pairs should consist of Artist Name: Song Names pattern. For example, EACH...