QUESTION 17 Getting Away With It (All Messed Up), Inc. provided the following information for...
80.2K
Verified Solution
Link Copied!
Question
Accounting
QUESTION 17 Getting Away With It (All Messed Up), Inc. provided the following information for its Mixing Department for the current period: Cost per equivalent unit with respect to direct materials: $1.60 Cost per equivalent unit with respect to conversion costs: 53.25 Equivalent units completed and transferred out to the Bottling Department: o Direct materials: 160,000 EUP o Conversion costs 160,000 EUP Equivalent units in the Mixing Department's ending WIP inventory: Direct materials: 50,000 EUP o Conversion costs 42,000 EUP What is the amount of costs the firm should assign to the Mixing Department's ending WIP inventory? a. $446,200 b. $136,500 C. $216,500 d. $80,000 e. $776,000 QUESTION 18 Sometimes, Corp. is expecting the following changes will occur during the upcoming period: The sales price will decrease from $111 to $106 per unit Variable costs will decrease from $45 to $36 per unit Fixed costs will increase from $702,300 to $821,700 Sales volume will increase from 15,000 to 17,000 units If all of these changes occur, by how much will net income change in the upcoming period as compared to the current net income (ignore taxes)? a. Increase by $111,400 b. Decrease by $80,600 OC. Decrease by $111,400 d. Increase by $80,600 oe. Decrease by $368,300
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!