The rest-a-lot chair company manufacturers a standard recliner. during february, the firm's assembly department started production of 75,000 chairs. during the month, the firm completed 80,000 chairs, and transferred them to the finishing department. the firm ended the month with 10,000 chairs in ending inventory. there were 15,000 chairs in beginning inventory. all direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. the fifo method of process costing is used by rest-a-lot. beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs

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Answer 1

Calculation of the Cost of Goods Transferred Out During February:

Units that were started during February were completed during February = 75,000 - 10,000 = 65,000

Equivalent units for conversion costs during February = (15,000 x 0.7) + 65,000 + 10,000 (0.8) = 83,500

The amount of direct materials cost assigned to ending work-in-process inventory at the end of February = $168,000/75,000 = $2.24 x 10,000 = $22,400

The Costs of Beginning Inventory ($24,000 + $35,000)$59,000

Direct Materials ($2.24 * 65,000)$145,600

Conversion Costs [$278,000/(10,500 + 8,000 + 65,000)] x 65,000$216,450

FG beginning inventory (15,000 x 0.7 x 3.33)$34,965

Total Costs of Goods$456,015

Therefore, the Total Cost of Goods Transferred Out During February is $456,015

Answer 2
Final answer:

The subject of this question is Business, specifically the topic of process costing in manufacturing. Rest-A-Lot Chair Company uses the FIFO method and the given information provides details about their production and inventory of recliner chairs.

Explanation:

The subject of this question is Business, specifically the topic of process costing in manufacturing.

In the given scenario, Rest-A-Lot Chair Company manufactures recliner chairs and uses the FIFO method of process costing. They started production with 75,000 chairs and completed 80,000 chairs during February. They transferred these chairs to the finishing department and ended the month with 10,000 chairs in the ending inventory. There were 15,000 chairs in the beginning inventory. The costs of direct materials are added at the beginning of the production cycle, while conversion costs are added uniformly throughout the production process. Additionally, the beginning work in process was 30% complete as to conversion costs, and the ending work in process was 80% complete as to conversion costs.

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Related Questions

Norma is trying to decide which of four dresses to buy. for each dress, she carefully considers the cost, appearance, and quality. she then ranks the dresses in order of desirability and buys the most desirable one. norma's decision is in accord with ________ theory, which is a ________ model of human decision making

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The fact that Norma carefully considers the cost, appearance, and quality of each dress and she ranks the dresses in order of desirability and buys the most desirable one means that Norma's decision is in accord with expected utility  theory, which is a normative model of human decision making .

If a general partnership fails, who is responsible for the debts? (1 point)

Answers

In a general partnership, all partners are personally liable for the partnership's debts and obligations.

This means that if the partnership fails and incurs debts, each partner is jointly and severally responsible for repaying those debts. Creditors can pursue any or all partners for the full amount owed, regardless of each partner's individual share of the liability.

This personal liability extends to the partners' personal assets, not just the assets of the partnership. Consequently, the failure of a general partnership can result in significant financial consequences for all partners involved.

According to OSHA standards, a competent person is defined as one who is capable of identifying existing and predictable hazards in the surroundings, or working conditions which are unsanitary, hazardous, or dangerous to employees, and who has authorization to take prompt corrective measures to eliminate them.

Answers

Final answer:

A competent person under OSHA is someone who can identify and correct hazardous conditions at work. Employers are responsible for providing a safe workplace and complying with OSHA standards, including training, protective equipment, and keeping safety records. Workers have the right to file complaints about workplace hazards or OSHA standard violations.

Explanation:

A competent person according to OSHA standards is one who is capable of identifying existing and predictable hazards which may be unsanitary, hazardous, or dangerous to employees. This person also has the authorization to take prompt corrective measures to remove these hazards. Under the Occupational Safety and Health Act (OSHA), employers have a responsibility to create a safe workplace without serious hazards and to abide by all OSHA safety and health standards. This includes efforts to eliminate or reduce hazards by changing working conditions and providing necessary training and protective equipment.

Employers are tasked with informing workers about chemical hazards, providing safety training, performing necessary tests like air sampling, providing personal protective equipment, and keeping accurate records of work-related injuries and illnesses. Employers must comply with specific OSHA standards such as providing fall protection, preventing trenching cave-ins, and ensuring the safety of workers in confined spaces.

OSHA, established by Congress and part of the United States Department of Labor, has a mission to assure safe and healthful working conditions by setting and enforcing standards, as well as providing training, outreach, education, and assistance. It's important for workers to know that they have the right to file a complaint if they believe there is a serious hazard or a breach of OSHA standards at their workplace.

The average toyota car contains more than​ 10,000 moving​ parts, all manufactured by hundreds of independent suppliers that toyota neither owns nor controls. the process by which toyota identifies and ensures that parts arrive on time to its manufacturing facilities is known as​ __________.

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The process in which specific parts reach a specific facility and arrive on time is known as,"Inbound Logistics".

Mordred had been sued by a former business partner. the partner was seeking $1,000,000 in damages. mordred felt that this claim was totally unfair. he went to the law firm of merlin, guinevere, and arthur, llc. he was told that a junior associate could handle his case for $300 and hour or a senior partner could handle the case for $700 and hour. when he asked why there was such a difference in the rates, he was told that the senior partners were in such high demand that they were trying to discourage new clients. this is an example of _____________?

Answers

This is an example of the fundamental principle of economics, supply and demand. There is a limited supply of senior partners, so as demand for their services increases so does the price of those services. Conversely, if the senior partners were in need of new clients then their services would not be in high demand. This would cause the price of their services to decrease.

What are two tasks (out of several) commonly performed by operating systems?

Answers

There are various tasks that are performed by most common operating systems, and are universal across differing computers and other devices. Two important tasks are: managing communication between the software and a system's hardware abd deciding how a computer's memory and storage will be determained.

Lee johnson sold golf shoes for $89.99 a pair. the shoes cost the store $26.28 a pair. what was the markup rate based on cost to the nearest tenth of a percent

Answers

242.4%
I hope that helps

The fabric costs $14.00 per yard.if you buy 5 yards or more, you can get 20% off.how much would five yards cost on sale?

Answers

If you were to buy 5 yards at $14 a yard, your first cost would be at $70. But with 14 being 20% of 70, you would subtract 14 out of the $70, which would leave your final cost at $56.

True or false: industrial policies of the united states have been more formal than those of europe and japan. the u.s. government discourages exports via its export import bank and commodity credit corporation.

Answers

False. Industrial policies of the United States have been less formal than those of Europe and Japan. The U.S. government encourages exports via its Export-Import Bank and Commodity Credit Corporation. Firms are also allowed to form export trading companies and export trade associations.

A prepurchase inspection is different from a pre-sale inspection in there

Answers

These inspections are mostly connected to property purchase. The pre-sale inspection is conducted by investors and real estate agents who deal with the property. A pre-purchase inspection is conducted by the buyer who wants to purchase the property. Both are conducted as means of security.

Which demographic group has the lowest level of representation as a judge in the federal courts?

Answers

The most recent study was done on June 1, 2017, and all information is from that date. There are 673 US District court judgeships and four territorial ones. At the time of this study, there were 160 active circuit court judges and 19 vacant positions, while there were 570 district court judges and a whopping 103 vacant positions. There are 59 female circuit court judges, 37%. Men, therefore, are in 63% of positions. Intesretingly, this number has actually improved, with only one woman serving in 1977. Disregarding race, 75% of circuit court judges are white, 13% African American, 9% Hispanic, and only 3% Asian American. 12 courts have African American judges, nine have Hispanic, and five have Asian American. Overall, all three percentages have risen since 1977 (with some variability), but interestingly, Asian Americans have only recently begun to rise in presence., starting in about 2010. Combining gender and race, white men make up 45.6% of all circuit court judges, while Asian American women only make up 0.6%. In all races, men overpower women in numbers by a large amount. Looking at age, the average is 64.7 years old, with over 50% over 65 and only 2% under 45. The vast majority were appointed between 45 and 54, though many came slightly before or after. It is worth noting that the first openly gay circuit court judge was Todd M. Hughes, appointed by Obama in 2013. If we are considering race, Asian Americans are the lowest represented. If we are considering gender, women are less represented. Overall in race and gender, Asian American women are least represented. Looking at age, people under 40 are underrepresented. Overall, though, the least common demographic would be open members of the LGBT+ community. As you can see, this is not a straightforward question! It is a hugely interesting topic and one I plan to explore further.
The demographic representation in the judge should be similar to their representation in the population. The term used to describe this is descriptive representation. This means that the lowest level of representation as a judge in the federal courts has the smallest demographic group in the population.

Nestor's nesties, a confectionery company, sells a variety of dark chocolates, milk chocolates, gummies, fruit juices, biscuits, cereals, and even cheese. these products together constitute the company's _____.

Answers

The answer is product mix. A product mix is a way of having to offer products to the people or consumers in which it comprises multiple line. These are usually offered by companies and a means of selling the products that they produce.

How long does it take for dachshunds to be full grown?

Answers

It will stop growing at about 9-12 months
Final answer:

Dachshunds generally reach full growth between 12 to 18 months old with certain variations depending on individual factors.

Explanation:

In general, Dachshunds are considered full grown between 12 and 18 months old. However, they may continue to fill out and gain weight until they are two years old. This can be influenced by factors such as diet, exercise, and overall health. As each Dachshund is individual, this timeline may slightly vary.

The provided information about three month training and categorisation seems to be about the development of service dogs. While this can be interesting, it may not directly relate to a Dachshund's physical development into an adult dog.

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Beginning in the 1940s, first-generation computers used _____.

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A trend that started to gain traction in the 1940s as a result of better technological innovation, was that of using vacuum tube technology in the manufacturing of the first generations of computers, due to the apparent efficiency of this innovation at the time.

Beginning in the 1940s,  first-generation computers used vacuum tube technology. The correct answer is option B.

Vacuum tubes were the primary technology used in the earliest computers, acting as switches and amplifiers for electronic signals. These computers were large, power-hungry, and produced a significant amount of heat, which made them difficult to maintain.

Characteristics of First-Generation Computers:

Utilized vacuum tubes for circuitry and magnetic drums for memory.Consumed a lot of electricity and generated excessive heat, often requiring cooling systems.

Technological Context:

Vacuum tube technology was essential for the development of the first programmable electronic computers, such as the ENIAC and UNIVAC.This era marked the beginning of electronic computing and paved the way for subsequent advancements in computer technology.

Therefore, first-generation computers in the 1940s used vacuum tube technology.

The complete question is:

Beginning in the 1940s,  first-generation computers used _________.

Group of answer choices

A) transistors

B) vacuum tube technology

C) integrated circuits

D) laser technology

Frances receives one dollar for every pound of worms she gives her grandfather. which reinforcement schedule is this?

Answers

The reinforcement schedule that is seen in the given scenario above is the fixed ratio. This is a type of reinforcement where in they usually rely on the operant conditioning principles in which an operant conditioning is where the individual’s behavior has changed due to the consequences involved.

Final answer:

Frances's situation is an example of a fixed ratio reinforcement schedule. She is rewarded after a defined number of responses, which in this case is the collection of one pound of worms.

Explanation:

In the given scenario, Frances receives one dollar for every pound of worms she gives to her grandfather. This is an example of a fixed ratio reinforcement schedule. This type of reinforcement schedule is characterized by a predictable number of responses needed before a behavior is rewarded. Simply put, a reward is given after a set number of responses have occurred. In Frances's case, the behavior (collecting worms) is rewarded (with one dollar) after a fixed number (one pound) of responses (collected worms).

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How is using a coffee cup calorimeter an effective way to determine enthalpy?

Answers

Enthalpy is defined as the measure of energy in a thermodynamic system. The value of enthalpy is considered to be equal to the internal energy of the system and the product of pressure and volume. Calorimeter is usually used to obtain the value of enthalpy of a system. 
A coffee cup calorimeter is an effective way of measuring the enthalpy of a system because it is a constant pressure calorimeter. This means that, the heat that is measured in a coffee cup calorimeter is equivalent to the change in enthalpy; also its use result in little or no volume change to the system involved.

Explain why it is necessary to understand the time value of money. give some examples of how you would use the concept in your business or personal life

Answers

if we didnt know the value of money, then youll never truly know how much you have, you could see that lettuce is "1.00" and all you have are pennies, but to you, its one peny which you would be disappionted to find out that you dont have enough at all. knowing the value of money is extremely important

Players will be issued what color cards for fouls, depending on the seriousness of the penalty.

Answers

Red or yellow cards is the answer

Slot machine is to vending machine as _____ reinforcement is to _____ reinforcement.

Answers

The answer is primary reinforcement as to secondary reinforcement. Primary reinforcers are biological. Principal examples are food, beverage, and desire. But, most human reinforcers are secondary, or conditioned. Examples comprise money, grades in schools, and tokens. Secondary reinforcers acquire their power through a history of link with primary reinforcers or other secondary reinforcers. For instance, if I said to you that dollars were no longer accepted to be used as cash, then dollars would miss their control as a secondary reinforcer.

Final answer:

Slot machines use a variable ratio reinforcement schedule, making them unpredictable and potentially addictive. Vending machines use a fixed ratio reinforcement schedule, delivering a predictable reward every time. This makes slot machines to vending machines as variable reinforcement is to fixed reinforcement.

Explanation:

In the field of psychology, particularly the study of behaviorism, there are different kinds of reinforcements. Slot machines utilize a variable ratio reinforcement schedule, while vending machines use a type of fixed ratio reinforcement schedule.

In a variable ratio schedule, the reinforcement (in the case of a slot machine, the payout) happens after an unpredictable number of responses. This is why playing slot machines can be so addictive - you never know when the next payout will be. It could come after a few tries or a hundred.

On the other hand, a fixed ratio schedule implies that reinforcement occurs only after a fixed number of responses. For example, in a vending machine, you insert a coin (the response), and you receive a snack (the reinforcement) every time.

So, to complete your analogy: Slot machine is to vending machine as variable reinforcement is to fixed reinforcement.

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If the number employed is 190​ million, the working−age population is 230​ million, and the number unemployed is 10​ million, then the unemployment rate is

Answers

Well firstly the people working would account to 190 mill and the people working would account to 230 mill you then need to times it by 100. you would get 10,10 and 190 which will equate to 5%. So the unemployment rate for the whole population would be at 5% which can be deemed relatively low!

He sellers have accepted an offer in which they agreed to carry a second trust deed. what contact must be signed by the buyer, seller and real estate agent, if any?

Answers

The contract that must be signed is SELLER FINANCING ADDENDUM AND DISCLOSURE STATEMENT.
This document contains the terms of seller financing and the legally required disclosures. The seller must disclose all the necessary financial information and fill the document appropriately.

In the United States, you can own anything you want and decide what you want to do with it, as long as it does not violate the law. This describes the principle of

Answers

The right to private property.
Final answer:

The principle described is private property rights, that allows individuals to own, use, control, and dispose of property, within the constraints of the law.

Explanation:

The principle your question is referring to is known as private property rights. In the United States and many other market economies, this is a cornerstone of the economic system. Private property rights give individuals the right to own, control, use, and dispose of physical and intellectual property. These rights, however, are not absolute. They are limited by the law, and you can't use your property in a way that violates others' rights or breaks general laws.

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Determine the finance charge on a 8,000 loan with a monthly payment of 162,80 for 60 months

Answers

Answer:

The answer is

c.) $1,768.00

Explanation:

Noah has a summer job wich pays 1827 for the entire summer. if 22% is taken out for federal taxes, then how much is deducted

Answers

Total amount Noah get from summer job = 1827
federal tax deducted on that = 22%
Amount deducted from total amount = 22% x 1827
=22/ 100 x 1827 = 0.22 x 1827 = 401.94
Thus, the amount deducted is 401.94

If you are in a car accident cause by someone else who also has insurance, which type of insurance plan will not require you to pay out of pocket costs?

Answers

If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.

Before the federal government settled into its permanent home in washington,
d.c., the nation's capital had most recently been moved from

Answers

D.C. was the 9 and 11th capital, 

Philidelphia was the 8, and during the War of 1812 was the 10h after the british burned D.C.

what do you do in the backroom of a grocery store

Answers

do inventory and bring out produces to stock

The non-institutional civilian population is 250 million, of which 100 million are employed and 10 million are unemployed. based on the information above, the unemployment rate is

Answers

the unemployment rate is 9.1%

A broker-dealer is a syndicate member in a best efforts underwriting of abc common stock. the issue is oversubscribed. the broker-dealer may allocate sales of the issue to:

Answers

A broker-dealer is a syndicate member in a best efforts underwriting of abc common stock. the issue is oversubscribed. the broker-dealer may allocate sales of the issue to the employees of the broker-dealer that are Florida Residents

Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimitri sells apples at the farmer's market, what is his total revenue and marginal revenue when he sells the 100th pound of apples?

Answers

The total revenue and the marginal revenue when he sells the 100th pound of apples is 
total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)

So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.
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