Consider the following data for February 2020 from Newbury Manufacturing Company, which makes testing kits and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Newbury Manufacturing Company uses the FIFO method of process costing. Physical Units Direct Materials Conversion Costs Beginning WIP - Feb 1 2,950 $1,650 $1,274 Started in Feb 9,635 Good units completed and transferred out in Feb 10,125 Normal Spoilage 100 Abnormal Spoilage Ending WIP - Feb 28 300 Total costs added during Feb $13,489 $31,455 Degree of completion - Beg WIP 100% 40% Degree of completion - Ending WIP 100% 6096 How many physical units are in beginning WIP? 2950 How many physical units are started during the current period? 9635 How many physical units are to be accounted for? 12585 How many physical units (in the section good units completed and transferred out during the current period) are from begi How many physical units in the section good units completed and transferred out during the current period) are from startu How many physical units in the section good units completed and transferred out during the current period) are from norm How many physical units in the section good units completed and transferred out during the current period) are from abnor How many physical units in the section good units completed and transferred out during the current period) are from ending How many physical units are accounted for? 12585 How many equivalent units in the section good units completed and transferred out during the current period) are from begi Click Save and Submit to save and submit. Click Save All Answers to save all armers. MacBook Air QUESTION 5 Using the spreadsheet developed in class, change the following assumptions, and answer the questions Budgeted unit sales June July August September October November 9,800 29,000 17,000 22,000 34,000 40,000 What is the predetermined OH rate for the year (round to the nearest pennyi? What is the unit product cost (round to the nearest penny)? What is the ending cash balance (round to the nearest dollar)? What is the net income for the quarter ended September 30 (round to the nearest dollar)? How much are total current assets as of September 30 (round to the nearest dollar)? QUESTIONS Upload a copy of your budget worksheet Attach File Browse My Computer Click Save and Suburit to save and submit. Click Save All Answers to save all answers. MacBook Air Consider the following data for February 2020 from Newbury Manufacturing Company, which makes testing kits and uses a process-costing system. All direct materials are added at the beginning of the process, and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value. Newbury Manufacturing Company uses the FIFO method of process costing. Physical Units Direct Materials Conversion Costs Beginning WIP - Feb 1 2,950 $1,650 $1,274 Started in Feb 9,635 Good units completed and transferred out in Feb 10,125 Normal Spoilage 100 Abnormal Spoilage Ending WIP - Feb 28 300 Total costs added during Feb $13,489 $31,455 Degree of completion - Beg WIP 100% 40% Degree of completion - Ending WIP 100% 6096 How many physical units are in beginning WIP? 2950 How many physical units are started during the current period? 9635 How many physical units are to be accounted for? 12585 How many physical units (in the section good units completed and transferred out during the current period) are from begi How many physical units in the section good units completed and transferred out during the current period) are from startu How many physical units in the section good units completed and transferred out during the current period) are from norm How many physical units in the section good units completed and transferred out during the current period) are from abnor How many physical units in the section good units completed and transferred out during the current period) are from ending How many physical units are accounted for? 12585 How many equivalent units in the section good units completed and transferred out during the current period) are from begi Click Save and Submit to save and submit. Click Save All Answers to save all armers. MacBook Air QUESTION 5 Using the spreadsheet developed in class, change the following assumptions, and answer the questions Budgeted unit sales June July August September October November 9,800 29,000 17,000 22,000 34,000 40,000 What is the predetermined OH rate for the year (round to the nearest pennyi? What is the unit product cost (round to the nearest penny)? What is the ending cash balance (round to the nearest dollar)? What is the net income for the quarter ended September 30 (round to the nearest dollar)? How much are total current assets as of September 30 (round to the nearest dollar)? QUESTIONS Upload a copy of your budget worksheet Attach File Browse My Computer Click Save and Suburit to save and submit. Click Save All Answers to save all answers. MacBook Air