Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. wakefield allocates conversion costs in the ass

a. Wakefield allocates conversion costs in the Assembly Department based on materials costs. What is...

50.1K

Verified Solution

Question

Accounting

image

a. Wakefield allocates conversion costs in the Assembly Department based on materials costs. What is the cost per unit transferred to finished goods inventory for each of the three piano models in November? b. Wakefield has a policy that products have to earn a gross margin percentage of at least 10 percent, where gross margin percentage is computed as the unit gross margin divided by the unit cost of sales. The product manager is concerned about the cost of the Concert model, because the competition is strong in this product line. The product manager suggests allocating the Assembly Department costs based on the number of units rather than materials costs as a way to "help" the Concert model. 1. What cost would be reported for the three models if the product manager's suggestion is adopted? 2. Would this be ethical? Assume conversion costs are related to material dollars

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what are the types of bad behavior that people with disability face in workplace? please explain...

Psychology
Q

Board 5 In the given LR circuit switch S is closed at t 0 The...

Physics
Q

5 Find the length of one side of a cube if its total surface area...

Geometry
Q

f(x) is the velocity in feet per hour a car is traveling at x hours....

Basic Math
Q

Find the gradient of the following scalar fiel a V 4x e y b U...

Algebra
Q

Today is 20th April, 2020. You are a senior financial analyst with ADP in their...

Accounting
Q

What data would you use to evaluate investment centers? Be specific and tell us why?...

Accounting
Q

1. Working paper documentation includes the auditors conclusion about ______ and the basis for their...

Accounting
Q

dont particulary know where im going wrong besides the 8-10 section. would really appreicate the...

Accounting
Q

Question below.

Accounting
Q

Mr Jacob Johnson has net employment income of $55000 (after the deduction of $5100 in...

Accounting
Q

Using Inventory Analysis Tools AutoZone and O'Reilly are two competitors in the retail automotive parts...

Accounting