Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need help with these two questions please! thank y

Need help with these two questions please! Thank you, 7. Halston Company has...

50.1K

Verified Solution

Question

Accounting

Need help with these two questions please! Thank you,

image

7. Halston Company has no beginning work in process; 5,000 units are transferred out and 1,000 units in ending work in process are 25% finished as to conversion costs and fully complete as to materials cost. If materials added and beginning work in process materials cost totals $18,000, how much is the materials cost per unit if the weighted average method is used? a. $3.00 b. $3.43 c. $3.13 d. There is not enough information provided e.None of the above 8. The following monthly data are available for Wackadoos, Inc. which produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $42,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June? a. $70,000 b. $105,000 c. $63,000 d. $2,500 e. None of the above

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

Cp is equal to 3 5 and the Cp lower equals 1 23 What is...

Basic Math
Q

use the method of Lagrange multipliers to find the absolute maximum and minimum values of the...

Basic Math
Q

Describe the spindle reflex – what is special about it anatomically? what else is it called?...

Medical Sciences
Q

Select the situations from the list below in which mechanical energy is conserved. A ball sliding down...

Physics
Q

The controlled full wave rectifier is connected to the grid. The rms grid voltage is 230...

Electrical Engineering
Q

The reputation and the unique of Kerry Logistics Network Limited why the company has been successfully...

General Management
Q

The cell lysis solution was supplemented with phosphatase and protease inhibitors Protease inhibitors make sure...

Biology
Q

a Copyright 2003 Pearson Education Inc publishing as Benjamin Cummings The structure marked 2 in...

Biology
Q

A battery of emf E and internal resistance r is connected across a resistance R...

Physics
Q

URGENT PLEASE HELP!! A machine can be purchased for $180,000 and used for...

Accounting
Q

Current Attempt in Progress The following information relates to Sheffield Real Estate Agency. Oct....

Accounting
Q

Central Systems, Inc. desires a weighted average cost of capital of 7 percent. The firm...

Accounting